We are delighted to announce that Special Olympics Massachusetts has been awarded a generous $10,000 grant from the MassMutual Foundation through its esteemed Community Service Award (CSA) program. This grant serves as a testament to the remarkable volunteer efforts of Eric Spindt, CFG’s Chief Executive Officer and dedicated Board Chair for Special Olympics.

CFG attended Finseca’s 2023 Leaders and Managers Program (LAMP), a premier leadership event for the financial security profession. We spent three days with industry professionals learning new trends, sharing critically important insights, and networking with the best in the field.

If you think that finance is all about numbers and calculations, think again. Human psychology and emotions play a significant role in our financial decision-making, which is known as behavioral finance.

Traditional finance assumes that people always act rationally and make decisions based on objective facts and figures. However, behavioral finance recognizes that human behavior is often irrational and influenced by emotions, biases, and heuristics.

Triangle, Inc. has received a $5,000 donation from the MassMutual Foundation as part of its national Firm Community Service Award (CSA) program, on behalf of Commonwealth Financial Group (CFG). The program recognizes the volunteer work that CFG has accomplished with Triangle, Inc. in 2022.

Want to increase your income today — without the hassle of renegotiating your salary with your employer? One possible way is knowing how to get the most out of your workplace benefits.

The U.S. Department of Labor estimates that your employer-sponsored benefits are worth roughly 30 percent of your salary. (1) And many of us aren’t taking advantage of everything our employers put on the table — we may not even know all that’s available.

No one likes to watch their retirement savings wither in a stock market decline, but for those on the cusp of retirement, or just wading in, plunging portfolio values present an even bigger potential threat to their financial security.

And it can happen. While over the long term history shows that markets exhibit sustained — or, when surging, bullish — growth, there are points where they retreat. A drop of more than 20 percent is called a bear market. And such bear markets can present challenges for certain age groups.

Thousands of people become entrepreneurs and start a business every year. In fact, there have been about 400,000 startups annually for the last decade, according to the Small Business Administration (1).

Of course, a good number of businesses, nearly as many as are created, fail each year, too. That’s a testament to the challenges businesses face and the resources it takes to maintain operations on a profitable basis year in and year out.

Most working Americans relish the notion of one day calling it quits and retiring to a warmer climate, or staying put during their senior years and pursuing personal interests. They may plan to exit the workforce gradually, by reducing their hours or consulting part-time. But the endgame is clear: leave the 9-to-5 grind behind when they reach retirement age.

And then there are those who intend to keep working for as long as they can, either because they have not saved enough to retire, or because they find purpose and meaning in their career. They may want to never retire. Regardless of your mindset on retirement, it is still helpful to have a plan in place.