Just ask Alexa

Listen up as Alexa helps you gain insight—without lifting a finger—through weekly retirement planning and financial wellness tips from Principal®.

Get the Principal Flash Briefing skill now
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Enable

It's pretty quick and simple. Enable the skill by saying, “Alexa, enable Principal Flash Briefing."

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Create

Just say “Learn my voice” and follow the instructions to create a voice profile. This way when Alexa recognizes your voice, Flash Briefing skips the tips you’ve already heard.

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Ask

Ask her, “Alexa, what's my flash briefing?” This way, each week you'll get tidbits that can help you in the moment.

This week's tip from us

Are you headed toward the debt danger zone? You can turn things around. If you live paycheck to paycheck, worry about paying bills and carry balances on several credit cards, here’s a few tips toward freedom from the zone.

  • 1. Make a list of all your debts so you can set a plan of attack.
  • 2. See if you can combine multiple debts into one with more favorable pay-off-terms.
  • 3. Charge only what you need to.

Watch our Principal webinar for more insight.

Previous financial wellness tips

Miss a tip from a previous week? Or just want to check it out again? See all our tips from previous weeks below.

Saving more each month for retirement could make less difference to your paycheck than you think. For example, take an annual salary of $35,000. Upping your contribution from 6% to 7% impacts your paycheck by about $10 every 2 weeks.1 Not too bad, right? Find out just how much you could save and still barely notice the difference on your own paycheck.

Recent college grads owe on average about $37,000 on their student loans.2 Who has that kind of money laying around? Here are a couple of ways you can pay down that debt faster, in small increments. When you can, pay more than the monthly minimum. Even a few extra dollars each month can help cut down how long it takes to pay off your student loans. Or, if you get a tax refund or any unexpected money gifts, that can help speed up your loan payoff too.

10%. What’s so special about that number? Saving at least 10% of your income plus other contributions toward retirement could help you get closer to setting you up for the retirement you want.3 And if that seems overwhelming right now, consider ticking up your contribution by 1% each year to get closer to your goal. It’s never too early, or too late, to master your money.

1 Reduction in pay assumes a 25% tax bracket, which includes local, state, and federal taxes; amounts shown reflect what a person might receive if not deferred. Reduced take-home pay is accurate for the initial year and would change based on participant's annual pay. Individual taxpayer circumstances may vary.

2 Debt.org, Students & Debt, 2017

3 Based on analysis conducted by the Principal Financial Group®, October 2015. The estimate assumes a 40-year span of accumulating savings and the following facts: retirement at age 65; a combined individual and plan sponsor contribution of 12%; Social Security providing 40% replacement of income; 7% annual rate of return; 2.5% annual inflation; and 3.5% annual wage growth over 40 years in the workforce. This estimate is based on a goal of replacing about 85% of salary. The assumed rate of return for the analysis is hypothetical and does not guarantee any future returns nor represent the return of any particular investment. Contributions do not take into account the impact of taxes on pre-tax distributions. Individual results will vary. Participants should regularly review their savings progress and post-retirement needs.

View Alexa skill terms and conditions (PDF).

The value-added resources provided through ARAG Services, LLC (ARAG®) and iGrad, Inc. (Enrich) are not a part of any insurance products and plan administrative services provided through Principal Life Insurance Co or affiliated with any company of the Principal Financial Group®. All resources may be changed or canceled at any time.

The use of resources provided by ARAG Services, LLC or Enrich should not be considered a substitute for consultation with an attorney or advisor. Principal® is not responsible for any loss, injury, claim, liability, or damages related to the use of the ARAG Will & Legal Document Center or Enrich resources.

Please remember that the ARAG legal documents are accurate and useful in many situations. Whether or not the document is right for you and your situation depends on your circumstances. If you want specific advice regarding your situation, consult an attorney.

Information is intended to be educational in nature and is not intended to be taken as a recommendation. Enrich and ARAG Services, LLC are not an affiliate of any company of the Principal Financial Group.