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Financial and Lifestyle Insights- Part 3

Money Talk

In this post, I continue my discussion of tips from webinars, podcasts, and virtual conferences that I heard during the last quarter of 2021. Decumulate Carefully- Consider a webinar speaker’s observation that spending down accumulated savings in retirement is more complex and has higher stakes than saving during working years.

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Basics of Tax-Efficient Investing

Money Talk

Below are six tax-saving ideas gleaned from recent webinars and research for my book: Look Toward the Future - Absent new tax legislation, the Tax Cuts and Jobs Act is scheduled to sunset after 2025, tax rules will return to what they were in 2017, and tax rates will be higher than they are right now.

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Ten Tax Planning Tips for 2022

Money Talk

Five examples are tax-loss harvesting, Roth IRA conversions, qualified charitable contributions (age 70½ +), setting up a donor advised fund, and increased contributions to a tax-deferred retirement savings plan, health savings account or HSA (if eligible), or flexible spending account or FSA (if available).

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Tips for the Early Plan Year

Benefit Resource Inc.

From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. Know Your Pre-Tax Benefit Options Flexible spending accounts (FSAs): An FSA allows you to set aside pre-tax dollars for eligible healthcare expenses.

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Health and Wellness Initiatives to Boost Employee Morale in the Winter Months

Benefit Resource Inc.

FSA and HSA: By taking advantage of programs like Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs), employees can allocate a portion of their pre-tax earnings to cover essential health-related expenses. Nutritional Workshops: Host workshops or webinars on healthy eating, cooking, and meal planning.

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Navigating Inflation and the Strategic Role of Employee Benefits

Benefit Resource Inc.

The Role of Employee Benefits Employee benefits, such as Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Commuter Plans, and Specialty Accounts emerge as valuable tools in the toolbox of employers seeking to support their workforce during times of inflation.

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Want to win at open enrollment? Start planning now.

PeopleStrategy

Use various communication channels such as emails, webinars, and even mobile apps to reach employees in a way that suits their preferences and schedules. Host webinars, workshops, or Q&A sessions where employees can ask questions and receive immediate answers. Offer Choice and Flexibility Employees value choice and flexibility.