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Individual Retirement Accounts: What You Need to Know

Money Talk

The 2023 income tax filing deadline is only days away (April 15, 2024 in most of the U.S.). It will be a busy weekend for many taxpayers and tax preparers who are filing tax returns or tax filing extensions. money that has been taxed) and can be withdrawn at any time for any reason tax-free and penalty-free.

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The Role of HSAs in Maximizing Retirement Benefits

Benefit Resource Inc.

While traditionally associated with healthcare expenses, HSAs can play a pivotal role in retirement planning for your employees. Let’s look at how HSAs and retirement intersect, and why integrating HSAs into your benefits strategy can be a game-changer for both your employees and your organization.

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The Harmony of Health and Wealth with HSAs

Benefit Resource Inc.

Understanding HSAs Health Savings Accounts are tax-advantaged savings accounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses. Retirement Savings Challenges Employers have faced a dual challenge when it comes to retirement savings benefits.

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The Ultimate Guide to Mastering Human Resources Payroll: Key Insights and Strategies for Success

Professionals Alternative

The primary duty is to process and manage employee payroll, including calculating wages, deductions, and bonuses. Additionally, HR payroll professionals are responsible for maintaining accurate employee records, such as tax information, benefits enrollment, and timekeeping data.

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7 Employee Benefit Trends that are Set to Dominate in 2024

Empuls

  Offer alternative healthcare plans , such as high-deductible health plans (HDHPs) paired with health savings accounts (HSAs). These plans often provide employees with more control over their healthcare expenses and offer tax advantages.