Start Fresh Financially

January is financial wellness month, which is a time to assess, plan and take control of your finances. View this flyer and explore the programs and materials below to help you enjoy a safe and stable financial future.

Maximize Your 401(k) Plan Participation

Also known as the Northrop Grumman Savings Plan, this powerful offering allows you to contribute and invest in your financial future, so you can achieve your retirement savings goals. This plan provides several benefits including:

Tax-deferred growth. You can make pre-tax contributions. This allows you to lower your taxable income in the current year and pay less in taxes today so your money can grow faster and accrue more interest over time. You can also make Roth after-tax contributions. These contributions are taxable now, but any investment earnings will be paid to you tax-free at retirement.

Company contributions. Northrop Grumman will make a matching contribution based on your plan participation – this is money you don’t want to leave behind! Visit NetBenefits or call the Northrop Grumman Benefits Center at 800-894-4194 to determine if you’re contributing enough to receive your maximum employer match.
Investment Options. Choose from a variety of investment options so you can build a diverse financial portfolio that meets your needs. Once you’ve selected your investments, your contributions are automatically allocated to your chosen investments when they are deposited in your account.

Use the new year as an opportunity to review your savings plan contribution amounts and adjust them as needed. Financial advisors recommend you contribute at least 15% of your salary, which includes both your personal contributions and your employer match. If you're just starting out, even a small contribution can make a significant difference over time.

Invest in Your Financial Education

Making informed decisions about your money starts with a solid understanding of financial concepts. Take advantage of free educational resources to help boost your financial well-being:

Fidelity Netbenefits
- Webinar workshops. Register to attend these regular financial events to learn about budgeting, saving, investing and more. Don’t forget to explore on-demand content!
- Explore Financial wellness month resources. Visit Fidelity’s Financial Wellness Central to access new educational resources and materials to help you with financial essentials like saving, budgeting, managing taxes, investing and more.
- Utilize free evaluation resources. Participate in a complimentary 1:1 consultation with a financial advisor to discuss your long-term retirement plans and ask questions about how to invest now. Also, complete a financial wellness check-up to learn more about how you’re spending your money and receive guidance on areas that matter most.
Northrop Grumman Federal Credit Union (NGFCU)
- Read monthly financial articles. Explore financial articles that provide guidance and information about financial topics such as budgeting, improving your credit score, cutting expenses and more.
- Attend an upcoming educational webinar. Join NGFCU for a webinar on Jan. 17 at 3 p.m. ET to discuss financial resolutions and mastering your money in the new year.

Taking control of your finances today will help pave the way for a secure and fulfilling future. Remember, financial wellness is a journey, not a destination. Start small, take consistent action and watch your financial well-being flourish.

Written by: Mary Faith O’Neill

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