Money Talk

JANUARY 4, 2024

Employer Match- This is money contributed to employees’ retirement savings accounts to match what they save. Tax Refund Adjustments - Sometimes people miss a tax credit, deduction, or adjustment and need to file an amended tax return. Someone charging $50,000 in a year on a 2% cash-back card would earn $1,000!

Life Insurance 171

Life Insurance Pension Benefit Retail Taxes 171

Money Talk

AUGUST 16, 2023

Social Security Earnings Limit- Those who claim Social Security before full retirement age will have their benefits reduced $1 for every $2 they earn over $21,240 (2023 limit). If earnings replace prior years in a 35-year benefit formula, benefits will rise. Other benefits also continue.

Taxes 130

Taxes Pension Deductions Deductible 130

Money Talk

DECEMBER 22, 2021

Pension COLAs - Pension benefits for some retirees are also indexed for inflation. An example is pensions for federal government workers and military retirees and disabled veterans. a $59 increase for every $1,000 of benefits) in 2022. Their COLA, like Social Security, is 5.9% (i.e.,

401(k) 227

401(k) Pension Taxes Deductions 227

HR Digest

FEBRUARY 20, 2020

As such, it is essential to understand the pros and cons of the process of providing retirement benefits. Here we bring to you precisely that information, with additional info about types of retirement benefits and the goals an employer would like to accomplish by offering retirement benefits. Work Smart.

Pension 87

Pension Retirement Plan Taxes Pension Benefit 87

Employee Benefits

JANUARY 21, 2022

Positive pension fund growth as well as a pay rise may easily push them over the LTA before they know it. For example*, if someone aged 45 has a pension fund of £400,000 and a salary of £50,000, saves 5% of their salary into their pension which rises by 3% p.a

Pension 52

Pension Taxes Pension Benefit Education 52