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Build good cyber habits
As more of life moves online, cyberspace has become the newest frontier for fraud and theft. The tactics aren’t always dramatic or technical. They often rely on small lapses, such as reused passwords, unprotected devices, or a rushed click on a convincing message. Building (and sticking with) a few solid habits can dramatically reduce your risk.
Fidelity offers more on the tips and tools you need to stay cyber-safe.
More smart money moves
Take advantage of these financial benefits to make your paycheck stretch further.
Tackle your debt
Starting a career at Sandia is an exciting milestone — one that may also mark the beginning of new financial responsibilities, including managing debt. Whether it’s student loans, credit card debt or other financial obligations, this is the time to develop a plan to manage and reduce your debt as your earnings and your lifestyle costs begin to grow.
Understand your debt. Make a list of what you owe, including the interest rates and minimum payments for each debt. This will give you a clear picture of your financial situation and help you prioritize what to tackle first.
Create a budget. Include your income, expenses and debt payments. Allocate a portion of your income specifically for debt repayment. This will help you stay on track and ensure that you’re making progress toward reducing your debt.
Explore repayment strategies. Consider different repayment strategies, including the snowball method (paying off the smallest debts first) and the avalanche method (paying off the debts with the highest interest rates first).
For DIY credit and debt management solutions, tools, calculators and articles that support financial wellness, visit Fidelity.
Start with a Fidelity consultation
The Sandia 401(k) plan is designed to meet the savings needs of all participants. Make sure you’re aware of the features that can make this plan work for you.
You can meet one-on-one via Zoom with a Fidelity professional and get retirement planning guidance tailored to your unique needs from someone who understands how the Sandia 401(k) works.
When you check in with a Sandia 401(k) plan expert, you’ll gain peace of mind, knowing that you’re saving enough and using the right tools to help you achieve your retirement goals. You’ll discover features to help you customize your saving and investing strategy, model retirement costs and make a plan for the future.
Here are a few questions to ask:
- Should I save Roth or pretax, and how much?
- How much will I need to live on in retirement, and am I on track to get there?
- What are my investment options?
- How do I roll over my other retirement accounts into the Sandia 401(k) plan?
Log in to your Fidelity account to sign up for a complimentary one-on-one Zoom appointment. After you log in, use the Saba scheduling tool to schedule your session.
Pay your student loans and still get your 401(k) match
Worried that prioritizing student loan payments means you’ll miss out on the 401(k) match from Sandia? Fret no more because you can do both!
Sandia treats eligible federal and private student loan payments that you make to your U.S.-based loan provider the same way as 401(k) salary deferrals. You receive the Sandia 401(k) match of 66.667 cents for every dollar you pay on your loans, up to the first 6% of your earnings.
Eligible loans include your own student debt as well as cosigned and parent loans for your undergraduate or graduate education.
To get the match, log in to your Fidelity account and add your eligible student loans. You can track your payments there too.