Make sure you're retirement ready

If you’re thinking about retirement, you probably have a lot of questions: What options do I have? When will I be ready financially? What steps do I take next? Through our partnership with Vanguard, you have access to support to help you prepare for the transition to retirement.

The Acme Employee Assistance Plan can also help with preparing for retirement. Go to www.ccainc.com for more information.

Now is also a good time to review your contributions to the 401(k) plan and increase them if you can. Vanguard has an automatic increase feature that allows you to increase your contribution from 1% - 3% on an annual basis.

It’s not too late to give your retirement savings a final boost with “catch-up contributions.” Since you’re over 50, you can contribute up to an additional $6,000 in before-tax dollars to your 401(k) in 2019. Catch up on your retirement contributions today by visiting the Vanguard website.

Your investment needs may also change over time. It’s a good idea to make sure your 401(k) asset mix is on track to provide income in retirement. Online tools and resources from Vanguard can help.

Review or update your will

A carefully prepared and up-to-date will is an important way to ensure your loved ones will benefit from your assets in the way you intend. If you’re enrolled in Hyatt Legal Plans, you’ve got coverage for the cost of a variety of common legal services, such as will preparation.

Increase life or disability insurance

Your disability or death could present a significant financial hardship for your family. All employees receive company-paid basic life coverage and most receive basic AD&D, which provide valuable protection. But you may want to expand this coverage with optional life and AD&D insurance so your family will have the protection they need if the unexpected happens.

Care for your pet — and your wallet

Your pet’s health is important to you, but the cost of helping him or her if something goes wrong is hard to think about. Consider pet insurance, which provides coverage for veterinary care.

Have a transition plan for when you are ready to retire

If you’d like some support, the free Employee Assistance Program (EAP) is here to help you. The EAP, provided by Corporate Counseling Associates, is a confidential resource that provides assistance with a variety of personal and work/life concerns including alcohol and substance abuse and make referrals to professionals like counselors or financial planners.

Access free, confidential counseling or assistance by phone at 1-800-833-8707 or online.

Acme also has several Employee Resource Groups that can be a good resource if you need some help. To find out more about the ERGs, go to InfoNet.

Be prepared to handle medical expenses

Even with comprehensive medical coverage, you’ll still have expenses to pay such as deductibles and coinsurance. Consider adding more protection with a voluntary medical plan that pays cash benefits directly to you if you experience an accidental injury, certain critical illness or certain inpatient or outpatient hospital treatments. Separate plans are available for hospital stays, accidents, and critical illness. You have the opportunity to enroll during our benefits open enrollment.