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Middle-Income Earners Can Be Millionaires

Money Talk

saving 10% of pay in a 401(k) plan). Payroll deductions for defined contribution plans, like 401(k)s, make adhering to advice to “pay your first” automatic. A good rule to follow to build financial knowledge is to learn one new thing every day about personal finance (e.g., budgeting).

401(k) 188
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Annuity Myths and Facts

Money Talk

Examples include surrender charges, sales commissions (loads), management fees, and mortality charges. What Not to Do - Annuities are generally not appropriate for qualified retirement plans such as 401(k)s or IRAs. Annuity salespeople sometimes convince people there are no fees but, of course, there are.

401(k) 244
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Employee financial wellness: Why it matters in the workplace

Insperity

Even among employees earning at least $100,000 per year, 47% are stressed about their finances and 15% run out of money between paychecks. The PwC survey found that financially stressed employees are five times more likely to say that personal finance issues have caused distractions at work.

401(k) 107
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Total compensation package examples

Higginbotham

Bonuses and commissions can give annual earnings a significant boost, and various benefits can also have a major impact on your employees’ finances and wellbeing. Commissions. Company A also offers a 401(k) with contribution matching. There’s a 401(k) plan, but the employer does not match employee contributions.

401(k) 52
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The Ultimate Guide to Total Compensation Statements: Maximizing Employee Understanding and Satisfaction

COMPackage

Bonuses and Incentives : Performance-related pay, including annual bonuses, commissions, and profit-sharing. Retirement Plans : Contributions to 401(k) plans, pensions, and other retirement savings accounts. This includes: Base Salary : The fixed annual salary or hourly wage.

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Do You Know Your Income Tax Rates?

Money Talk

Examples include salary, wage, commission, bonus, and tip income, rents and royalties, interest, and required minimum distribution (RMD) withdrawals from tax-deferred retirement savings accounts (e.g., 401(k)s, 403(b)s, and traditional IRAs). An effective tax rate is always lower than a marginal tax rate.

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Cryptocurrency for Employee Benefits Lawyers: What You Need to Know

McDermott Will & Emery Employee Benefits

As cryptocurrencies gain popularity, employers are considering how they can be used as part of compensation arrangements and benefit plans to attract and retain talent.