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Keep Track of Your Beneficiaries

Money Talk

Who is going to get what you someday leave behind in life insurance policies and/or tax-deferred retirement accounts? Beneficiary Use- Beneficiary designations are required for life insurance policies, individual retirement accounts (IRAs), employer retirement savings plans (e.g.,

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Annuity Myths and Facts

Money Talk

An annuity is a contract between an investor and a life insurance company. Annuities are sold by insurance agents, stock brokers, and other financial advisors. What Not to Do - Annuities are generally not appropriate for qualified retirement plans such as 401(k)s or IRAs. Look for highly rated, low-expense vendors.

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Financial and Lifestyle Concerns of Retirees

Money Talk

traditional RIRAs and 401(k)s). Having just tax-deferred accounts that postpone taxes to the future can be an expensive “tax bomb” that explodes in later life. Present Bias- A common error of younger retirees is thinking that their life will always look the way it does today (i.e., their health and ability to do things).

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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. Health Insurance. Other Insurance (Dental Insurance, Vision Insurance, Life Insurance, Disability Insurance, Pet Insurance, etc.).

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Employee Benefits: Types, Cost & Examples

HR Digest

These benefits include the ones that cover anything finances for employees. These plans cover the aspects of an employee’s life where solutions can be offered. Examples of these benefits include retirement plans (such as 401(K), ESOP, etc), reimbursement plans for travel or tuition, employee bonus , paid time off (PTO), and many more.

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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

Employers can support them by providing employee financial wellness programs that help workers manage their money and take control of their finances. Why Employers Should Care About Financial Wellness According to Capital One, 73 percent of people say their finances are a major cause of stress.

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Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

So you must plan in advance, getting all the appropriate departments—HR, Accounting, Finance, IT and the C-suite—on board. In addition, 401(k) nondiscrimination testing may be affected. Three problems arise. First, you can’t decide to do this in the middle of the year of occurrence. cash planning).

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