Money Talk

JUNE 22, 2023

Beneficiary Use- Beneficiary designations are required for life insurance policies, individual retirement accounts (IRAs), employer retirement savings plans (e.g., TSP, 401(k)s, and 403(b)s), and annuities so that proceeds can be transferred to beneficiaries free of probate.

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401(k) Life Insurance Retirement Plan Finance 230

Money Talk

SEPTEMBER 14, 2023

Types of Tax-Deferred Accounts - These include employer-sponsored defined contribution plans (e.g., 401(k), 403(b), 457, thrift savings plan), Traditional IRAs funded with pre-tax dollars, simplified employee pensions (SEPs) for self-employed workers, and annuities.

Taxes 186

Taxes 401(k) Retirement Plan Pension 186

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.

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401(k) Life Insurance Insurance Taxes 242

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.

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401(k) Retirement Plan Banking Finance 97

Money Talk

JANUARY 18, 2023

Increased Savings Contribution Limits - Maximum limits for employer retirement plans (e.g., 401(k)s) and IRAs are pegged to inflation. 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.

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401(k) Banking Deductions Deductible 245

AssuredPartners

DECEMBER 11, 2022

Earlier adopters of 401(k) plans, Generation X workers are saving for retirement, but many may fall short. Despite 81% participating in an employer-sponsored 401(k) or similar plan, only 22% of this generation’s workers are “very” confident they will be able to retire comfortably.

401(k) 98

401(k) Health and Welfare Employment Retirement Plan 98

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? 401(k), 403(b), 457, or TSP).

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401(k) Finance Taxes Retirement Plan 187

Best Money Moves

JANUARY 31, 2023

When it comes to retirement benefits, employees are looking for more than just a 401(k) — they want comprehensive guidance on how to prepare for the future. Here are 3 ways to help all employees get prepared for life during retirement. All employees are in different stages of retirement preparedness and security.

401(k) 101

401(k) Retirement Plan Banking Finance 101

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.

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401(k) Health Savings Account Finance Retirement Plan 183

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. Employer-sponsered emergency savings accounts may be funded similarly to 401(k) accounts.

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401(k) Employment Retirement Plan Financial Counseling 105

Insperity

SEPTEMBER 21, 2023

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.

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401(k) IT Benefits Package Finance 100

Money Talk

DECEMBER 29, 2022

I recently attended a number of webinars about retirement planning. It’s What You Keep - Retirees with tax-deferred savings in traditional IRAs and 401(k)/403(b) and similar employer savings plans cannot forget about taxes due on this money. Many have to settle for less. It is not all theirs to keep.

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401(k) Taxes Retirement Plan Finance 177

Money Talk

JANUARY 26, 2022

RMD Definition - RMDs are t he amount of money that investors age 72 and older are required by the IRS to withdraw from tax-deferred retirement savings plans (e.g., 401(k)/403(b)/457, TSP, SEP, and Traditional IRA accounts). The amount of money that is withdrawn is taxable as ordinary income.

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401(k) Taxes Retirement Plan Finance 188

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.

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401(k) Retirement Plan Financial Counseling Finance 93

Money Talk

DECEMBER 7, 2022

Some people arrange automatic monthly payments through their retirement plan custodian to simulate a “paycheck” while others take their RMD quarterly or in one lump sum. 401(k)s and 403(b)s), however, nor can RMDs for personal IRAs and inherited IRAs be combined.

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401(k) Taxes Entertainment Retirement Plan 183

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

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401(k) Retirement Plan Salary Take Home Pay 52

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.

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401(k) Retirement Plan Finance Software 52

HR Professionals Magazine

JULY 26, 2022

Before we jump into another exhilarating talk around 401(k) legislation (please sense my sarcasm), I want you to take a few seconds and ask yourself why it all truly matters. Sure, 401(k)s are an incredibly important part of a company’s total benefits package. Source: Transamerica Center for Retirement Studies).

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401(k) Benefits Package Retirement Plan Government 52

Best Money Moves

JUNE 1, 2022

According to BenefitsPro, 82% of HR executives are concerned that their employees’ personal finance issues affect workplace productivity. . A few great ways for employers to assist employees are auto-enrolled retirement plans and increasing 401(k) contributions. Comprehensive Financial Benefit Packages.

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401(k) Out of Pocket Cost Benefits Package Finance 98

Best Money Moves

APRIL 17, 2019

Retirement concerns: is financial literacy the solution? Those workers that do have a 401k aren’t saving enough to cover expenses in retirement, even when employers match contributions. Americans Are Not Saving Enough for Retirement. Can Financial Literacy Solve Retirement Concerns? Nearly half of U.S.

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401(k) Retirement Plan Finance Insurance 75

Money Talk

OCTOBER 27, 2021

Dollar-Cost Average Investment Purchases - Make regular investment deposits at regular time intervals, such as $100 per month in a mutual fund or 5% of pay every payday in an employer 401(k) or403(b) plan. Examples include traditional individual retirement accounts (IRAs), tax-deferred employer retirement plans (e.g.,

401(k) 100

401(k) Taxes Retirement Plan Education 100

PeopleStrategy

OCTOBER 3, 2023

What Each Generation Typically Looks For Baby Boomers (born 1946-1964) are approaching retirement age, so their benefit preferences may focus more on retirement plans, health coverage, and financial security. Customizable Health Plans: Provide a range of health insurance plans with different coverage levels and costs.

401(k) 52

401(k) Retirement Plan Parental Leave Health Savings Account 52

Vantage Circle

JUNE 16, 2021

In a deferred profit-sharing plan, the time of withdrawal is set later or at the time of retirement, death, or termination of employment. In such plans, the employer combines the profit-sharing with the 401(k) plan. Thus, implementing such a plan results in enhanced employee retention. Profit-sharing.

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401(k) Profit Sharing Plan Retirement Plan Bonuses 52

Money Talk

OCTOBER 7, 2021

I recently attended several webinars and listened to several podcasts about issues related to retirement planning and personal finance issues in later life. According to the EBRI RCS, 46% of the retiree subsample said that they retired earlier than planned and 6% retired later.

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401(k) Entertainment Retirement Plan Taxes 130

Money Talk

AUGUST 24, 2023

Roth accounts and municipal bonds), and tax-deferred retirement savings accounts (e.g., traditional RIRAs and 401(k)s). 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.

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401(k) Taxes Life Insurance Insurance 100

AssuredPartners

SEPTEMBER 8, 2021

The stress from finances that people feel can have a profound effect on their overarching wellbeing – physically, mentally, and emotionally. Build a Strong Retirement Plan Foundation Employee benefits have the power to drive employee behavior for the better. Eliminate or reduce of 401(k) loans.

Education 75

Education 401(k) Retirement Plan Take Home Pay 75

Best Money Moves

MAY 4, 2022

According to the Morgan Stanley data, high earners were generally attracted to three financial wellness benefits: Retirement planning (69%). Financial wellness can help you go beyond with company retirement matching. Access to financial advising (57%). General financial education (41%).

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401(k) Retirement Plan Salary Finance 102

Assurance Agency

JULY 6, 2021

Retirement Benefits. Retirement plans have become a huge part of compensation packages for employees, especially for younger professionals. As COVID-19 has created a heightened focus on planning for the future, 401(k) plans play a large part in assisting with long-term savings. Related Resources.

401(k) 52

401(k) PTO Retirement Plan Finance 52

HR Lineup

JANUARY 9, 2023

It also integrates with popular accounting software such as QuickBooks, making it easy to track payroll expenses and manage finances. OnPay also offers a range of benefits for employees, including access to a 401(k) retirement plan and a range of health insurance options.

401(k) 52

401(k) Payroll Retirement Plan Health Insurance 52

Vantage Circle

JULY 5, 2019

Employees are worried about their money and roughly half are stressed about their finances and have said that their retirement plans will not be enough to support them after retirement. Consider the 401K plan, which is also a financial benefit existing way before than other benefits that organizations opt for.

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401(k) Finance Retirement Plan Education 90

Hireology

APRIL 16, 2019

As part of the survey, benefits taken into consideration for the ranking include: 401(k) match, medical benefits, paid time off (PTO) policies, telecommuting options, onsite fitness facilities, tuition reimbursement and career development programs. Are you interested in joining one of the best teams to work for in Chicago?

401(k) 60

401(k) PTO Retirement Plan Benefits Package 60

Flimp Communications

MARCH 31, 2020

With everyone under unique and often financial strains, many are examining their finances, searching for ways to save money. Examining and taking control of finances is one way people are coping. Make sure employees understand the tax implications of various deductions and contributions, like for HSAs or 401(k)s.

401(k) 53

401(k) Retirement Plan Medical Taxes 53

Higginbotham

JANUARY 18, 2022

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. Retirement Plans. Company A also offers a 401(k) with contribution matching. When discussing compensation, it’s important to look at the big picture.

401(k) 52

401(k) Disability Insurance Salary Life Insurance 52

HR Digest

NOVEMBER 10, 2022

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. These benefits include: Financial Benefits: The first type of benefit is the financial aspect.

Employee Benefits 52

Employee Benefits 401(k) Disability Insurance Health Insurance 52

Insperity

APRIL 5, 2016

While it’s not really your job to make sure your employees are saving for retirement, having a 401(k) plan among other benefits can help you both. There are a few ways you can help Gen X – and your entire workforce – get on the retirement savings bandwagon: Have a good provider. Accessibility to service.

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401(k) Employment Retirement Plan Professional Employer Organization 60

Higginbotham

NOVEMBER 2, 2023

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.

401(k) 52

401(k) Disability Insurance Benefits Package Insurance 52

Insperity

FEBRUARY 3, 2011

Retiring comfortably is something every worker dreams of. Sponsoring a retirement plan can help them get there. Retirement plans come in a wide range of shapes and sizes, each with its own unique functionality. The following steps can help simplify the process of choosing and managing a plan.

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Retirement Plan 401(k) Employment Profit Sharing Plan 40