By modeling goals and expense funding for each year of a MASSMutual client’s projected lifetime, cash flow planning reveals the true impact of chronological and priority goal funding on multiple client goals. One of the biggest decisions clients make during their MASSMutual retirement is if they should retire from MASSMutual this year or next year.
By showing how asset allocation adjusts due to withdrawals—and the tax implications of those withdrawals— our advisors can more accurately assess client outcomes for each year and over time assist with choosing the best date to retire from MASSMutual. With cash flow planning, clients can better determine where their money went and where it will go to help fund their life goals. This type of planning can be used at any life stage: early accumulators, mid-career accumulators, pre-retirees, and MASSMutual retirees.
Early Adopters
Early Adopters can use cash flow planning to understand spending, saving, and the funding of emergency and MASSMutual retirement accounts. Cash flow planning can start with a proper savings plan for early accumulators. As Financial planner Michael Kitces points out, “Good planning starts with putting the client’s financial house in order and making sure that a good savings plan is in place with the proceeds invested into a solid, diversified portfolio.”
Mid-Career Investors
Cash flow planning for mid-career investors can help them manage their spending so they can save for goals like paying for college and covering future healthcare expenses.
Pre-and post-retirement
Pre-retirees from MASSMutual can use cash flow planning to show how current spending could translate into retirement spending, and the impact current spending has on funding all of their goals. MASSMutual retirees can use cash flow planning to understand spending and the impact it has on the distribution of income to fund goals and outlive their retirement savings. Finally one of the best uses of our cash flow tool is to determine if MASSMutual employees should retire from MASSMutual this year versus next year.
Early Adopters
Early Adopters can use cash flow planning to understand spending, saving, and the funding of emergency and MASSMutual retirement accounts. Cash flow planning can start with a proper savings plan for early accumulators. As Financial planner Michael Kitces points out, “Good planning starts with putting the client’s financial house in order and making sure that a good savings plan is in place with the proceeds invested into a solid, diversified portfolio.”
Mid-Career Investors
Cash flow planning for mid-career investors can help them manage their spending so they can save for goals like paying for college and covering future healthcare expenses.
Pre-and post-retirement
Pre-retirees from MASSMutual can use cash flow planning to show how current spending could translate into retirement spending, and the impact current spending has on funding all of their goals. MASSMutual retirees can use cash flow planning to understand spending and the impact it has on the distribution of income to fund goals and outlive their retirement savings. Finally one of the best uses of our cash flow tool is to determine if MASSMutual employees should retire from MASSMutual this year versus next year.
With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
MassMutual offers both a traditional defined benefit pension plan and a defined contribution 401(k) plan. The defined benefit plan includes a cash balance component, where benefits grow based on years of service and compensation, with interest credits added annually. The 401(k) plan features company matching contributions and various investment options such as target-date funds and mutual funds. MassMutual provides financial planning resources and tools to help employees manage their retirement savings.
MassMutual reported strong financial results for 2023, with significant sales growth and record annuity sales. Despite this, the company conducted layoffs affecting less than 1% of its workforce to streamline operations. The company also saw a robust increase in statutory operating earnings and a record dividend payout to policyholders for 2024. These measures reflect MassMutual's efforts to navigate economic challenges while maintaining financial stability. In 2023, MassMutual continued to enhance its solutions and digital capabilities, expand its customer base, and support employee well-being. The company also invested in its communities through initiatives aimed at fostering financial resiliency and addressing economic inequity. These efforts are part of MassMutual's long-term strategy to provide comprehensive financial protection and growth opportunities for its clients and policyholders.
MASSMutual offers both RSUs and stock options to employees. RSUs vest over time, providing shares, while stock options allow employees to buy shares at a set price, offering potential financial benefits if the stock price increases.
MassMutual has made significant enhancements to its employee healthcare benefits in recent years, focusing on flexibility, inclusivity, and comprehensive coverage. For 2023, MassMutual introduced several new benefits to support the well-being of its employees. Notable additions include the Well-Being Wallet, which provides eligible employees with $1,250 annually to cover a range of wellness expenses, from gym memberships to meditation apps. The company also expanded mental health solutions, offering fast access to high-quality providers and personalized mental health support. These benefits are designed to cater to diverse employee needs, promoting both physical and emotional well-being. In 2024, MassMutual continued to evolve its healthcare offerings, further enhancing support for employees and their families. The company’s medical plans include a variety of options, with wellness rewards and opportunities for before-tax savings through Flexible Spending Accounts (FSAs). Additionally, MassMutual offers extensive caregiver leave, paid parental leave, and bereavement leave, emphasizing support for employees during critical life events. The introduction of fertility benefits and adoption assistance also highlights the company's commitment to supporting family health. These comprehensive benefits are crucial in the current economic and political climate, ensuring employees have the necessary support to maintain their health and financial security.
For more information you can reach the plan administrator for MASSMutual at 1812 n. moore st Arlington, VA 22209; or by calling them at 1-818-549-6000.
https://www.massmutual.com/documents/pension-plan-2022.pdf - Page 5, https://www.massmutual.com/documents/pension-plan-2023.pdf - Page 12, https://www.massmutual.com/documents/pension-plan-2024.pdf - Page 15, https://www.massmutual.com/documents/401k-plan-2022.pdf - Page 8, https://www.massmutual.com/documents/401k-plan-2023.pdf - Page 22, https://www.massmutual.com/documents/401k-plan-2024.pdf - Page 28, https://www.massmutual.com/documents/rsu-plan-2022.pdf - Page 20, https://www.massmutual.com/documents/rsu-plan-2023.pdf - Page 14, https://www.massmutual.com/documents/rsu-plan-2024.pdf - Page 17, https://www.massmutual.com/documents/healthcare-plan-2022.pdf - Page 23