Medtronic 401k – MedTech Wealth Advisor

5 Mistakes You’re Making In Your Medtronic Retirement Savings Plan

By Perspective 6 Group | April 3, 2025

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If you’re participating in the Medtronic Retirement Savings and Investment Plan, you already understand its value, but are you using it as effectively as possible? Unfortunately, we see some simple mistakes that can easily be avoided. Today we’ll highlight each of these avoidable missteps to make sure you’re maximizing every dollar you contribute.

The Medtronic 401k is a tremendous tool to help you save for retirement, but Matt will explain how small oversights can lead to a big financial impact. He also walks through benchmarks for how much you should have saved at various ages, helping you assess whether you’re truly on track for retirement.

Here’s some of what we discuss in this episode:

🚫 Not contributing = missing out on thousands in company match
📈 Auto-escalation is helpful- but don’t just settle for the default
🎯 Age-based catch-up contributions can supercharge your savings
📋 Outdated or missing beneficiary info can derail your estate plan

0:00 – Intro

1:00 – How company contributions work

1:30 – Mistake 1

2:19 – Mistake 2

3:05 – Mistake 3

4:03 – Mistake 4

5:34 – Mistake 5

6:07 – How much you should be saving

Resources For This Episode

T Rowe Price Retirement Resource: https://www.troweprice.com/personal-investing/resources/insights/youre-age-35-50-or-60-how-much-should-you-have-by-now.html#:~:text=We%20found%20that%2015%25%20of,35%20is%20a%20reasonable%20target

5 Ways to Maximize Your Medtronic 401k Plan Guide: https://perspective6group.com/guide/ 

Other Resources

📌Our website: https://perspective6group.com/

📞Phone: (952) 225-0333

📧 Email: perspective6info@focusfinancial.com

🗓 Schedule your no-cost consultation: https://perspective6group.com/start-here/

📚 Essential Financial Guides

📌5 Ways to Maximize Your Medtronic 401k Plan Guide: https://perspective6group.com/guide/

📌Stock Compensation Tax Form Checklist: https://perspective6group.com/stock-compensation-tax-checklist/

📌ESPP: A Comprehensive Guide: https://perspective6group.com/espp-guide/

📌Check out our other no-cost financial resources here: https://perspective6group.com/resource-center/

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How to KEEP the Full Company Contributions in Your Medtronic 401K Plan

By Perspective 6 Group | March 27, 2025

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If you participate in the Medtronic 401K plan, you already know about the great company contribution you receive. Do you know if you will be able to keep all of that money when you leave though? If you’re not paying attention to the fine print, you could leave thousands of dollars on the table. Today, we’re going to break down the vesting rules and timing triggers that determine how much of your company contributions you actually get to keep.

This isn’t just about retirement planning- it’s about understanding the key details that could impact your financial future if you change jobs, retire, or max out your contributions too early in the year. This is your chance to learn more about how the three-year cliff vesting schedule works, what happens if you leave before April 30 (the end of Medtronic’s plan year), and how to avoid missing out on thousands in matching and discretionary contributions.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:00 – How Company Contributions Work

1:42 – 3-Year Vesting