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Financial Planning Tips for Older Women

Money Talk

saving for later life in an IRA or 401(k) plan) while older women need “through retirement” goals. Medicare Part B and Medigap policy premiums), travel and entertainment, and philanthropy/gifts. 401(k)s), tax-deferred accounts (e.g., 401(k)s), tax-deferred accounts (e.g.,

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RMDs: The Mandatory “Flipped Switch”

Money Talk

401(k)s and 403(b)s), however, nor can RMDs for personal IRAs and inherited IRAs be combined. Common uses are income tax estimated payments, living expenses, fun entertainment expenses (e.g., RMDs for IRAs cannot be combined with other types of accounts (e.g.,

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Retirement Research Results and Recommendations

Money Talk

in an IRA and/or a 401(k) or similar employer retirement savings account) and earn higher pension and/or Social Security benefits, working longer delays the need to take withdrawals from retirement savings and see balances decline. . Waiting to Retire Has Benefits - In addition to providing more time to save money (e.g.,

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Post-Pandemic Financial Recovery Steps

Money Talk

Replenish Retirement Accounts - Consult with your employer HR department or plan custodian about steps to repay what you borrowed from a tax-deferred employer retirement savings plan such as a 401(k) or 403(b) plan. There is a lot of pent-up demand for travel, entertainment, dining out, and purchases that people put on hold.

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Recruit Better: Employee Discount Programs and Taxes

HR Bartender

Traditional benefits include employer-offered healthcare, a 401(k) program, and vision benefits. Some common employee discount programs include local restaurants, gyms, dry cleaners, entertainment venues, technologies (e.g., Perks are extras that go above and beyond traditional benefits.

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New COVID relief package extends payroll provisions

Business Management Daily

1, 2020, through 60 days after the date the law is enacted are entitled to the following relief: Employees may tap their 401(k) accounts, up to $100,000, without worrying about the 10% excise tax on early withdrawals. Individuals and employers affected by natural disasters declared on or after Jan. Through Dec. Surprise medical bills.

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Controlling turnover with employee benefits

Abel HR

” As is almost always the case, health, dental and 401(k) assistance top the list of must haves, but other forms or insurance including life insurance, disability, accident insurance and even critical illness coverage also topped the list.