5 Mistakes You Are Making In Your Medtronic Retirement Savings Plan

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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.

Key Topics We Discuss: 

🚫 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📋 Outdated or missing beneficiary info can derail your estate plan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 5 Mistakes You’re Making In Your Medtronic Retirement Savings Plan

T Rowe Price Retirement Resource

5 Ways to Maximize Your Medtronic 401k Plan Guide

Additional Resources

📞Phone: (952) 225-0333

📧 Email: [email protected]

📚 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/

About Matthew Nelson

Matt has over 20 years of experience in the financial services industry. He is passionate about helping MedTech professionals maximize their benefits, reduce their taxes, and plan for financial freedom. As the Founder, Managing Partner, and Senior Financial Advisor at Perspective 6 Group, he leads a team of dedicated professionals. The team provides comprehensive and personalized financial planning and investment management services to our clients.

As a CERTIFIED FINANCIAL PLANNER™ (CFP®), Accredited Investment Fiduciary® (AIF®), and Equity Compensation Associate (ECA) Matt specializes in helping our clients navigate the complex and evolving landscape of equity compensation, financial independence, portfolio management, and income tax minimization. Further, he leverages his experience as a private equity investor at Focus Financial Network, Inc., to offer strategic insights and guidance on business succession, valuation, and exit planning. Matt’s mission is to empower our clients to achieve their financial and personal goals with confidence and clarity.