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Annuity Myths and Facts

Money Talk

An annuity is a contract between an investor and a life insurance company. Annuities are sold by insurance agents, stock brokers, and other financial advisors. No Federal Insurance - There is no federal government insurance for annuities as there is for bank products (FDIC) and investment products (SIPC).

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Common Estate Planning Misperceptions

Money Talk

Below are eight common estate planning misperceptions: Estate Planning is for “The Rich”- No matter how modest their net worth, most adults own some property (e.g., a car, a bank account, and perhaps a house). Without estate planning documents (e.g., It is wise to name both primary and secondary beneficiaries.

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Importance of Employee Benefit Package And Why it Matters

HR Digest

Matching 401(k) contributions 2. Paid time off banks covering vacation and sick leave 8. Health insurance 2. Pension or retirement savings plan 3. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Tuition reimbursement 4.

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Financial tips for your LGBTQ+ community

Employee Benefits

Gaps also exist when it comes to retirement savings among same-sex and LGBTQ couples. These individuals are 5% less likely to have a 401(k) or retirement plan and 12% less likely to have an IRA. These couples were rejected from a mortgage 73% more often than heterosexual couples, received interest rates at.2%

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Rethinking Employee Benefits Package: Why Personalization is the Key?

Empuls

Key components of an employee benefits package Major components of an employee benefits package include health insurance, retirement plans, and Paid Time Off. Others, like location-bound perks and life insurance, are also becoming the norm. Retirement plans Retirement plans go beyond just monetary value alone.

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5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

Take these steps to start building an employee benefits program that won’t break the bank. Life insurance – Providing life insurance protects employees’ families by paying a specified amount to employees’ beneficiaries in the event of death. Life insurance premiums are typically affordable for most businesses.

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Prioritize Financial Well-being in the Workplace

Empuls

Source: Bank of America ) The heightened financial stress affecting employees' health and wellbeing profoundly impacts their organization's bottom line. Supplemental income includes stock options, 401 (k) plans, bonuses, etc. 💡 71% feel the cost of living is outpacing growth in their salary or wages.