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Two weeks ago, we sent out a 403(b) Retirement Saving Month email with this year's theme based on driving. We shared the 403(b) Month – Keys to Retirement Checklist and invited you to join in a prize drawing (details below).

We started with this idea:

Your retirement journey begins with knowing where you want to go.

But even with a destination in mind, sometimes we need to ask for directions—whether from a trusted person or a GPS—to help us get there.

This weeks' challenge:

 Road-tested lessons from those further down the retirement highway

A recent article from from U.S. News & World Report  shares the shares the top 10 regrets retirees have when reflecting on their financial journey. (You can read the full article here).

Here’s a quick summary:

1. Not saving more
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2. – Many wish they had consistently saved 10% or more of their income.
3. Saying yes too often
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4. – Generosity toward others sometimes came at the cost of personal savings.
   
5. Ignoring inflation
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6. – Rising costs caught many off guard.
   
7. Waiting too long to plan
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8. – Delayed planning meant missed growth opportunities.
   
9. Underestimating health care costs
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10. – Medicare doesn’t cover everything.
    
11. Skipping long-term care insurance
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12. – Many regret not securing coverage earlier.
    
13. Keeping two homes
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14. – Managing multiple properties proved costly.
    
15. Investing improperly
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16. – Some wish they had used Roth accounts or worked with a financial planner.
    
17. Claiming Social Security too early
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18. – Early claims led to reduced benefits.
    
19. Retiring too soon
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20. – Many wish they had worked longer to boost savings.

Take 20 minutes to reflect and pray through this list. Ask yourself:

• Are there any items I haven’t fully considered?
• Is there a way I can adjust my current savings or planning to avoid these regrets?

Circle Looking at this list, select one or two areas that stand out to you—and consider what small steps you can take this month to "course correct" in these areas. When you're done - , fill out this quick quick response form to let us know you completed this challenge.

Did you miss

our last email?

It's not too late to also participate in the previous challenge- Read through the 403(b) Month - Keys to Retirement Checklist and get working on your checklist items today!

Contest Rules

Prizes will be coordinated with employees based on their specific location/delivery preferences. Entries must be received no later than midnight 9/30 Eastern time to be eligible for our drawing.