Money Talk

MAY 18, 2023

It is not specifically about a personal finance topic such as inflation, investing, or retirement planning. This post provides general personal finance or consumer decision-making information and does not address all the variables that apply to an individual’s unique situation. Miss Barbara). Let’s start a conversation.

Finance 242

Finance Retirement Plan Government IT 242

Money Talk

DECEMBER 7, 2023

tax-deferred retirement plan contributions and charitable gifting) are already accounted for. This post provides general personal finance or consumer decision-making information and does not address all the variables that apply to an individual’s unique situation.

Taxes 199

Taxes Retirement Plan Deductions Deductible 199

Money Talk

JUNE 22, 2023

With employer-sponsored retirement plans, workers should contact their plan administrator or HR department; life insurance policy owners, their insurer; and IRAs and annuities, the plan custodian. A guardian must be appointed by the court to manage assets of minor children until they reach legal age.

401(k) 231

401(k) Life Insurance Retirement Plan Finance 231

Best Money Moves

MARCH 11, 2024

Pension and retirement plans The same Forbes Advisor study found that 34% of employees and 34% of employers agree that retirement plans are a vital part of a company’s benefits strategy. A retirement plan allows employees to build a financial safety net as they work, saving money over their careers.

Retirement Plan 87

Retirement Plan Healthcare Healthcare Benefits Parental Leave 87

Employee Benefit News

NOVEMBER 20, 2023

Goldman Sachs Asset Management utilized behavioral finance to address what makes retirement planning successful.

Retirement Plan 107

Retirement Plan Finance Utilities IT 107

Money Talk

MARCH 15, 2023

What Not to Do - Annuities are generally not appropriate for qualified retirement plans such as 401(k)s or IRAs. They are already a tax-deferred product and investors gain no benefit by placing them in a tax-deferred plan. Deferred annuities make payments at a future date and allow annuitants time to make deposits.

401(k) 243

401(k) Life Insurance Insurance Taxes 243

Money Talk

MARCH 24, 2022

I recently taught a 90-minute personal finance class for women age 50+. Sources of Retirement Income - Income sources include Social Security, employer defined-benefit pensions or defined-contribution retirement plans (e.g., 401(k)s), tax-deferred accounts (e.g.,

401(k) 360

401(k) Finance Entertainment Taxes 360

Money Talk

APRIL 20, 2023

For additional information about retirement planning for farmers, visit the Rutgers Cooperative Extension Later Life Farming website. This post provides general personal finance or consumer decision-making information and does not address all the variables that apply to an individual’s unique situation.

401(k) 245

401(k) Pension Retirement Plan Taxes 245

Best Money Moves

NOVEMBER 7, 2023

63% of employees feel that economic uncertainty affects current and future workplace benefits and 401(k) retirement plans. Workers in the baby boomer generation are having to delay retirement due to the instability of the current economy. The percentage of employees that prioritized saving for retirement has dropped by ⅓.

401(k) 97

401(k) Retirement Plan Banking Finance 97

Money Talk

FEBRUARY 10, 2022

After work, commuting, eating, sleeping, and/or exercise, many people have less than five hours on a typical weekday to manage everything in their life, including personal finances. How do you take charge of your finances when time is at a premium? Weekends are even more hectic with household chores and family activities.

401(k) 188

401(k) Finance Taxes Retirement Plan 188

Money Talk

JANUARY 18, 2023

Increased Savings Contribution Limits - Maximum limits for employer retirement plans (e.g., This post provides general personal finance or consumer decision-making information and does not address all the variables that apply to an individual’s unique situation. 401(k)s) and IRAs are pegged to inflation.

401(k) 245

401(k) Banking Deductions Deductible 245

Money Talk

APRIL 6, 2023

Since it is unlikely that Congress will ever mandate employer plans, some states are now starting to do require employers to offer a workplace savings plan. Auto-Enrollment is Effective - Research indicates that most workers who are auto-enrolled in retirement plans stay in them, even in the absence of an employer match.

401(k) 244

401(k) Retirement Plan Finance Government 244

Money Talk

NOVEMBER 30, 2022

Develop a Proactive Mindset - This means acknowledging, learning about, and planning for possible future outcomes rather than ignoring the possibility that they could happen. An example is retirement planning. Make Small Changes - If inflation or job changes are pinching household finances, it is time to revisit cash flow.

Finance 354

Finance Retirement Plan Government Salary 354

Money Talk

JULY 13, 2023

Act of 2022 , passed last December, has financial planning opportunities for both the accumulation and distribution phases of retirement planning. New Catch-Up Limit - Currently, additional catch-up savings ($7,500 in 2023) in employer retirement plans is available for workers age 50+. The SECURE 2.0

401(k) 130

401(k) Retirement Plan Taxes Salary 130

Money Talk

APRIL 28, 2022

When someone feels powerless, a financial counselor might say “Tell me about a time that you felt in control over your finances.” Always Be Learning (ABL)- Lifelong learners seek out opportunities to learn new things about personal finance (or other topics). unmatched employer retirement savings, 6. maximum HSA contribution, 2.

401(k) 183

401(k) Health Savings Account Finance Retirement Plan 183

Money Talk

NOVEMBER 11, 2021

Retirement Plan Withdrawal Caution - A webinar, The Impact of COVID-19 on Retirement Savings , by Consumer Action, noted that the CARES Act made it easier for people to take withdrawals from their retirement savings plans to pay bills. Womens’ Finances - Women, the majority of U.S.

Retirement Plan 130

Retirement Plan Finance Education Pension 130

Money Talk

APRIL 21, 2022

Many people think about hiring a financial advisor when their personal finances start to get complex (e.g., accumulated wealth over time) or a major life event such as retirement, the birth of a child, or the death of a spouse occurs. a cash flow (income minus expenses) statement for a recent month or your spending plan/budget , 2.

Commissions 187

Commissions Finance Retirement Plan Consulting 187

HR Lineup

FEBRUARY 5, 2023

Maxifi is a personal financial and retirement planning software that aims to help individuals and families make smarter financial decisions. This software offers a suite of tools and resources to help users manage their finances, plan for retirement, and achieve their financial goals.

Retirement Plan 52

Retirement Plan Finance Software Education 52

Best Money Moves

JANUARY 31, 2023

Supplement retirement benefits with a digital financial wellness program that offers the latest technology. Today, most employees prefer to manage their finances using digital apps and technology (including banking and investing), according to Bank of America’s 2022 report.

401(k) 101

401(k) Retirement Plan Banking Finance 101

Employee Benefits

JANUARY 4, 2024

The financial wellbeing program hinges on dedicated themes and campaigns throughout the year, including: healthy finances theme in April, mental health awareness week focus in May, family focus in June, women and families in August. Each theme is integrated with a financial wellbeing benefit eg. of employees in the U.S.

Finance 98

Finance Health Retirement Plan Education 98

Employee Benefits

NOVEMBER 15, 2023

The programme, which is provided in partnership with Wealth at Work, aims to help employees who need help understanding their options and how to implement their plan; including retirement goals and considerations, accessing retirement savings, understanding the risks, tax planning, and how to seek further guidance and regulated financial advice.

Pension 116

Pension Education Retirement Plan Finance 116

Employee Benefits

NOVEMBER 15, 2023

During the accumulation phase, it is all about building the pot, so targeted member emails and seminars, plus one-to-one guidance sessions will equip staff with relevant knowledge of their finances. “In

Pension 111

Pension Retirement Plan Education Finance 111

Benefit Resource Inc.

DECEMBER 8, 2023

As we celebrate the 20th anniversary of Health Savings Accounts (HSAs), it’s time to reflect on the transformative impact this financial tool has had on healthcare and personal finance. This feature makes HSAs a unique and versatile financial tool for retirement planning.

Health Savings Account 98

Health Savings Account Flexible Spending Account Healthcare Taxes 98

Money Talk

JANUARY 26, 2022

They can delay their beginning withdrawal date until April 1 of the year following the year they retire as long as they do not own more than 5% of the business offering the retirement plan. This is called the “still working exception" and it only applies to workers’ current employer tax-deferred employer plan.

401(k) 188

401(k) Taxes Retirement Plan Finance 188

Money Talk

OCTOBER 6, 2022

Lack of Retirement Planning - Many people spend time planning meetings that last an hour, weddings that last a day or a weekend, and higher education (4-5 years). However, when it comes to planning what they will do over what could be a 30-year retirement, many people “just show up.”

Taxes 187

Taxes Finance Education Retirement Plan 187

Best Money Moves

MAY 31, 2023

Nearly 1 in 5 employees over the age of 59 do not have a retirement account, per a Credit Karma poll , the highest percentage for any generation. With retirement near on the horizon, this leaves less opportunity for older generations to save for the later years.

Retirement Plan 93

Retirement Plan Banking Finance Overtime 93

Best Money Moves

DECEMBER 7, 2021

In the same study, 31% of employees reported having finance-related anxiety. Money management is a universal issue for your employees, whether they’re fresh out of college or approaching retirement age. In fact, according to data from CapitalOne, 73 percent of Americans rank their finances as their top source of stress.

Employee Benefits 118

Employee Benefits Retirement Plan Finance Benefits Package 118

HR Lineup

FEBRUARY 5, 2023

In addition to retirement planning, Personal Capital also offers tools for investment management, including a portfolio tracker, performance analysis, and investment tracking. Users can connect all their investment accounts, including 401(k)s, IRAs, brokerage accounts, and more, to get a complete view of their finances in one place.

401(k) 52

401(k) Retirement Plan Finance Software 52

Employee Benefits

FEBRUARY 16, 2024

Few employer respondents offer benefits that employees said could make a real difference to their finances, with employee shopping discount schemes offered by 37%, hardship loans provided by 19% and mortgage advice offered by 17%.

Pension 59

Pension Employment Retirement Plan Finance 59

Best Money Moves

AUGUST 23, 2023

It’s also a good idea to contract financial advisors outside of your employees’ retirement plan. Of the employers that offer financial advising, 65% of them offer this benefit through their retirement representative, according to EBRI’s report. Shift toward a holistic financial wellness benefits.

Retirement Plan 82

Retirement Plan Finance Taxes Employment 82

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 15, 2023

Act of 2022 (“SECURE 2.0”) was signed into law on December 29, 2022 as part of the 2023 Consolidated Appropriations Act, and included a myriad of required and optional plan design changes for retirement plan sponsors and employers (described in more detail here ). Starter 401(k) Plans. The text of SECURE 2.0

401(k) 98

401(k) Retirement Plan Education Finance 98

Best Money Moves

JULY 12, 2023

Worrying about finances is becoming more commonplace among employees. And, according to a PwC survey, financially stressed employees are nearly five times as likely to admit personal finance issues have been a distraction at work. What is financial anxiety? Financial anxiety is a huge pain point for many workforces.

Retirement Plan 88

Retirement Plan Finance Benefits Package Banking 88

Best Money Moves

MAY 10, 2022

Offer competitive, matched retirement planning options. Retirement planning is one of the most common employee benefits offered by employers, specifically a 401(k) matching plan. According to a study by SHRM and Morgan Stanley, the most important financial wellness benefit for employees was retirement planning.

401(k) 105

401(k) Employment Retirement Plan Financial Counseling 105

Best Money Moves

OCTOBER 7, 2021

According to a 2021 Capital One CreditWise survey , 73 percent of Americans rank their finances as the most significant source of stress in their life. This does not mean that employees are discouraged from enrolling in these programs or learning more about their finances. The best time for employees to start saving is right now.

401(k) 93

401(k) Retirement Plan Financial Counseling Finance 93

Griffin Benefits

JUNE 29, 2023

contains dozens of changes to retirement plans, but perhaps none bigger than these two: New 401(k) and 403(b) plans will be required to automatically enroll participants in the respective plans, and employee salary deferral rates will automatically escalate each year. The SECURE Act 2.0

401(k) 52

401(k) Retirement Plan Salary Take Home Pay 52

Money Talk

DECEMBER 29, 2022

I recently attended a number of webinars about retirement planning. For example, if you really enjoy working, maybe you shouldn’t retire at all in the traditional sense. Being the author of a book about transitions in later life , I am always looking for new information about this topic. Play pickleball or golf on the side.

401(k) 177

401(k) Taxes Retirement Plan Finance 177

AssuredPartners

DECEMBER 11, 2022

Despite layoffs and salary reductions, 67% of Generation Z workers have been saving through their employer-sponsored 401(k) or similar retirement plans. If a plan is not currently offered, take advantage of the tax credit available for starting a retirement plan or joining a multiple employer plan (MEP) or pooled employer plan (PEP).

401(k) 98

401(k) Health and Welfare Employment Retirement Plan 98