Tax season is behind us and we're headed into the heat of summer. Now is a great time to find a little shade and explore your financial wellness and give your Transocean U.S. Savings Plan - also known as your 401(k) - a little checkup.

Just like a health checkup, taking time each year to review your retirement savings is a great way to help prevent unwanted surprises as you age. The best place to start is to visit Netbenefits.com and log in to your account. There you can:

• Review your current saving —  Know where you stand by using the tools on Netbenefits.com to help you assess where you are and what needs to change to prepare for the retirement lifestyle you want. Don’t forget to take into account any HSA savings you might have. Your HSA is a great way to save for health care expenses now and into retirement.
• Adjust your contributions to the Plan —  Once you have a goal in mind, you may need to make some adjustments to your savings strategy by contributing more or adding another savings vehicle, like a Roth 401(k). One quick way to grow your savings is to turn on Transocean's auto-increase feature to boost your contributions automatically and be sure you're taking full advantage of the Transocean matching contributions by contributing at least 5% of your eligible income.
• Change your investment options — As your savings grow, they don’t always grow in equal proportion. That means it may be necessary to move some of that growth out of more risky funds into funds that may not grow as quickly but also may not drop as quickly either.
• Designate a new beneficiary — Because life is ever changing, it’s always a good idea to do a quick annual checkup on your designated beneficiaries.
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Ready for a quick trip to the financial clinic?
‍Fidelity’s interactive tool provides a snapshot of your overall financial health.

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Spring Forward or Roll Over‍

If you have other 401(k) savings from previous jobs, now is a great time to think about rolling those dollars into your Transocean U.S. Savings Plan—so all of your dollars can work together in one place. That move will also make it easier for you to review your savings each year and to use those savings down the road when you’re ready to retire.

These are just a few simple ways to give your retirement savings an annual checkup. You may not need to take all of these actions each year, but they’re a good place to start so you know where you stand and can keep that in line with your future goals.

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Learn More

You can review your account and make these adjustments on your own or get some help from the Fidelity financial advisors. If you need help with these or any other changes to your plan, contact Fidelity Investments at +1 800 835 5098 or visit Netbenefits.com to explore more.

Knowing our biometric screening numbers is a great way to get and stay healthy.  So, in July we’ll be kicking off a little healthy competition for completing the screening process. Whether you work in an office or on a Rig, each employee who completes their screening will be entered into a grand prize drawing. Additional prizes will be awarded for the highest Rig participation. Prizes and start date will be announced in July, so watch THE CURRENT or return to My Journey for more details.