How to plan (and pay!) for health insurance in retirement is often one of the first questions we get when a 3M client is considering retirement.  Fortunately, 3M provides a benefit to employees which helps...

Eligibility for 3M Deferred Compensation Plans

The purpose of both of 3M’s non-qualified¹ deferred compensation plans - VIP Excess and Deferred Compensation Excess - is to provide savings opportunities for...

Compensation. It’s top of mind for many job candidates seeking a new opportunity. Additionally, as a career progresses, compensation, among other factors, can be a key element to employee retention. In either case,...

In my early teens, I went on a community service trip in Ecuador. Each night, we gathered in a circle and reflected on our day, a famous quote, philosophical question, etc.

One night, we were asked, “Is it better...

After the Great Financial Crisis (GFC) of 2008 and 2009 much was written about how troubling it was that diversification¹ no longer worked. This conclusion was drawn since all stocks moved in the same downward...

We hear a lot of questions about inflation lately. It’s understandable. It’s nearly impossible to avoid seeing or hearing mention of it in financial, business, or even popular media these days. Unfortunately, it’s...

As an early career 3M professional, you have entered the world of personal finance and all the accompanying aspects—income, budgeting, savings, insurance, estate, etc.

You are starting a new job and it’s time to enroll in the company 401(k) plan.  As you fill out the forms, you come to the section for entering beneficiaries.  It is day one or two in your new role and you’re asked...

Do you remember what the widely publicized financial market concern was before the COVID-19 pandemic began? Neither did I until I looked it up.  It was the “Inverted Yield Curve”.  I’ll spare you all the mundane...

In 1997, as part of the Taxpayer Relief Act, Delaware senator, William Roth, helped establish the Roth account. In the <25 years since its creation, it has become widespread.

It's been a year.

As in the figurative sense of, “Wow, it’s been quite a year!”

And, in the literal sense, it has been 365 days* since stock prices reached bottom.  A year since stock prices fell low enough that...

Am I an optimist or a pessimist? I go back and forth. As it relates to the weather today (i.e. sub-zero cold), the evening news, or my hometown sports teams, I generally feel pessimistic. As it relates to the new...