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Please forward to your employees |
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WINTER NEWSLETTER |
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"Pay Off Debt" Is Not a Goal — Try This Instead |
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It’s that time of year again, when we start thinking about New Year’s resolutions. And each year, financial goals are among the most popular. |
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Many people resolve to save more, spend less, or finally pay off debt. |
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But vague goals are hard to hit. This year, try setting specific, measurable goals instead. A strong financial resolution includes both an amount and a timeline. Here’s how to turn good intentions into real results: |
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Typical Resolution: Start saving for retirement |
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Better Resolution: Starting with my first 2026 paycheck, I'll contribute $50 (or another set amount) each pay period to KPERS 457 (or another investment account). |
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Tip: Make saving automatic through payroll deduction. Once it’s set up, you won’t even have to think about it. |
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Typical Resolution: Save more for retirement |
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Better Resolution: In January, I'll increase my retirement contribution by 1%
(or more). |
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Tip: Contributing a percentage instead of a flat dollar amount means your savings automatically grows when your pay does. |
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Typical Resolution: Spend less money |
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Better Resolution: I'll reduce my monthly food & drink spending by $50. |
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Tip: Try meal planning, shopping store brands, or buying staples in bulk. Small changes can make a big difference — and you may find yourself eating out less, too. |
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Typical Resolution: Pay off debt |
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Better Resolution: I'll pay an extra $100 (or another set amount) toward my debt with the highest interest each month. |
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Tip: A vague goal to “pay off debt” can feel overwhelming. Breaking it into specific, manageable steps keeps you motivated. Over time, those payments really add up. |
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The Bottom Line |
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When it comes to your resolutions, specific goals lead to real progress. By giving your financial goals clear direction, you’ll be far more likely to look back next year and see just how far you’ve come. |
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Last Call! Please share your thoughts on KPERS Communications in this brief survey! |
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We want to be sure you have the information you need about your benefits. Both while you're working and in retirement. Our annual member communications survey helps us learn the best way to connect with you. So you know more about your benefits and get everything you should. |
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Please share your thoughts on KPERS communications in this survey. It should only take about 5 minutes. Survey closes on December 17. |
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A Saving Tool For You, KPERS 457 |
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You're going to need more than your pension and Social Security. That's where KPERS 457 comes in, an optional deferred compensation plan offered by all state and many local employers.
If you’ve set a goal to start saving for retirement, ask your employer if they offer KPERS 457 or another way to save. Then check out these upcoming webinars to learn more: |
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Wednesday, December 17 | 1 p.m. | Get ON TARGET for Retirement |
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Thursday, December 18 | 11 a.m. | Benefits of Enrolling |
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Want to meet in person? |
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KPERS 457 is now located on the 3rd floor of the KPERS building at 611 S. Kansas Avenue in Topeka. To make an appointment, call 833-232-0024. |
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