Money Talk

APRIL 20, 2023

One of my Money Talk clients is my long-time employer, Rutgers Cooperative Extension. My segment of their six-week class series was called Can Farmers Ever Afford to Retire? Individual Retirement Account (IRA)- There are two types: traditional (funded with before-tax dollars) and Roth (funded with after-tax dollars).

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401(k) Pension Retirement Plan Taxes 245

Money Talk

SEPTEMBER 17, 2022

I took my survey with me and left the seminar shortly thereafter when the presenter started pitching various “combo packages” for legal documents. Nevertheless, despite all my misgivings about the content and format of the estate planning seminar and its marketing pitches, there was some helpful information shared.

Life Insurance 243

Life Insurance Banking Taxes Finance 243

Benefit Resource Inc.

NOVEMBER 8, 2023

If you’re wondering what the difference is between a Medical Flexible Spending Account (Medical FSA) and a Dependent Care Flexible Spending Account (DC FSA), you are not alone. Participants often do not understand that separate elections must be made for Medical and Dependent Care Accounts. Did You Know? Great question!

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Medical Flexible Spending Account Flexible Spending Deductions 98

Money Talk

SEPTEMBER 30, 2022

As I wrote in my book Flipping a Switch , some older adults must “plan for higher taxes in the future, especially when required minimum distributions (RMDs) kick in.” Example: I increased my 2021 SEP contribution to reduce AGI and avoid triggering a higher level of IRMAA in 2023.

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401(k) Taxes Pension Deductions 243

Money Talk

APRIL 6, 2023

Below are my key take-aways: Reluctance to Spend - Many people who saved regularly for decades in retirement savings plans such as IRAs and 401(k)s- as financial experts told them to do- are now hesitant to spend down their assets. Older adults need help with decumulation. The alternative (i.e.,

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401(k) Retirement Plan Finance Government 243

Money Talk

FEBRUARY 1, 2023

I can’t think of any other investment, off the top of my head, where the rate of return earned two decades ago continues to directly influence what I receive today…with the exception of Series I-bonds issued by the U.S. at least for a six month period. Interest is earned monthly and compounded semi-annually. old value + interest earned).

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Electronics Government Taxes Banking 244

Money Talk

NOVEMBER 9, 2023

when there are no more early withdrawal penalties on money removed from tax-deferred accounts) and the start of required minimum distributions (RMDs). Full disclosure: I am currently in my financial gap years myself and taking several proactive tax planning steps. Think Malia Obama and Elon Musk.

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Pension Taxes Deductions Deductible 184

Ahmed's Universe

NOVEMBER 11, 2021

I was glad to share my knowledge and experience as this issue is something I witness in every HRIS implementation I work on. Disclosure: In my distant past, I worked several years for the UN in New York and Madrid.)

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Money Talk

DECEMBER 14, 2023

Retirement Savings Accounts - Money saved, preferably for decades, in tax-deferred employer retirement accounts; e.g., 401(k), 403(b), and 457 plans and the thrift savings plan (TSP). For additional information about retirement readiness and financial transitions that occur in later life, read my book , Flipping a Switch.

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Benefit Resource Inc.

JANUARY 4, 2024

To help you make the most of your account(s), here are some helpful reminders, tips and valuable resources. How do I access the funds in my account? Depending on the setup of your pre-tax account, there may be a few ways to access funds. How do I know how much money is in my account?

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Flexible Spending Account Flexible Spending Taxes Utilities 96

Money Talk

MAY 4, 2023

My chosen topic was Ten Trending Topics in Financial Education. Due to Federal Reserve interest hikes, annual percentage yields range from 3.75% to 4.5%, on average, for online savings and money market accounts. Today, I presented a general session program for financial educators and researchers at an online professional conference.

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Education Finance Pension Taxes 244

HR Bartender

NOVEMBER 12, 2023

Later in my career, I did it because I wanted to. I could be productive, catch up, and cross off a few things on my “to-do” list. Update your social media accounts. those accounts that don’t bring value. But my guess is the company’s 1986 dress code policy that is still sitting on someone’s computer could be deleted.

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Electronics Media Technology Management 127

Money Talk

JANUARY 4, 2023

Last month, I presented my eighth annual (2022) Personal Finance Year in Review webinar for OneOp. Impacts were felt in mortgage interest rates, variable rate credit, and bank savings accounts. The average interest rate paid on savings accounts was 0.18% in November, but some online bank money market accounts paid 3% to 3.25%.

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Finance Banking Taxes Food 242

Money Talk

AUGUST 10, 2023

As I wrote in my book, Flipping a Switch , people start doing return on life expectancy (ROLE) calculations. A difficult challenge for “super savers” is spending down accumulated wealth and seeing account balances decrease as withdrawals are made for taxes on RMDs and health care. is 3.78% of an account balance and at age 79, it is 21.1

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Taxes Finance Insurance IT 130

Money Talk

DECEMBER 7, 2022

In my book, Flipping a Switch , I refer to required minimum distributions (RMDs) as “the mandatory flipped switch” (i.e., Key Ages- Taxpayers can make withdrawals from tax-deferred accounts without a 10% penalty starting at age 59½ and must begin RMD withdrawals starting at age 72. transition).

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401(k) Taxes Entertainment Retirement Plan 183

Money Talk

JULY 7, 2022

Below are ten of my key take-aways from this meeting: Customer-Focused Education - Educators must always prepare content with the “customer” (i.e., The AAFCS conference audience was given time to develop a personal advocacy pitch, so I decided to write one for my business: 1. student) in mind. The three key messages are 1.

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Finance Education Food Electronics 243

Business Management Daily

NOVEMBER 16, 2023

Either way, it’s not as hard as you think to step up and manage, especially if you appeal to an employee’s best interests, which helps in setting expectations surrounding accountability while allowing staffers to find their own way of solving problems and rendering solutions. Where can you and I partner to make things better for the team?

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Management Construction Employment IT 105

Achievers

NOVEMBER 11, 2020

One of my favorite quotes about trust and vulnerability. It’s important as a team leader to hold people accountable. Although it’s easier to have these types of conversations about accountability with a team member privately, there are benefits to talking openly as a group. Getting started. What are you doing on November 18?

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Bonuses Utilities Management IT 191

Money Talk

DECEMBER 2, 2023

savings), having an accountability partner, and setting up personal decision rules (e.g., “if if my stock goes up 10%, I’ll sell 10% of the shares”). Examples include anchoring (latching on to an inappropriate reference point) and the endowment effect (over-valuing things that you own).

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Financial Counseling Finance Education Insurance 186

WEX Inc.

MARCH 16, 2023

How much should I contribute to my health savings account (HSA) each month? If you’re covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $3,650 per year (in 2022) into your health savings account (HSA). The post How much should I contribute to my HSA?

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WEX Inc.

OCTOBER 4, 2023

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses. There are perks to participating in both accounts.

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401(k) Flexible Spending Account Health Savings Account Flexible Spending 98

Qandle

MARCH 11, 2024

Through active participation in self-appraisal, individuals embrace accountability for their career development, synchronize their aims with organizational objectives, and contribute to a culture of continual enhancement within the workplace.

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Construction Software Utilities Management 59

Money Talk

MAY 31, 2023

Below are seven information tidbits that caught my eye: Defensive Investing- Financial markets were volatile in 2022 and, for a while, “there was no (good) place to hide.” Experts recommend consolidating accounts to reduce the chance of errors. at age 72 under the 2022 revised Uniform Lifetime Table.

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Finance Taxes Pension Education 245

Money Talk

MAY 24, 2023

Below is a summary of new and/or useful information that caught my attention: Fast Fashion - Key characteristics are short production and distribution lead times, highly fashionable product design through continuous trend spotting, and a sense of urgency and scarcity so consumers make frequent purchases. Certain government programs (e.g.,

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Education Retail Finance Manufacturing 244

Employee Benefits

DECEMBER 6, 2023

In 2023, it really has felt like the pandemic is finally over and, in my organisation, like in many others, there has been a gradual shift back to more office-based working, which has brought with it many benefits. That might mean providers coming to my offices, or me going on an excursion to theirs.

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Benefit Providers Work From Home Employee Benefits Management 105

Money Talk

NOVEMBER 24, 2021

Below are seven of my key take-aways about personal finance content and tips for professional practice: Justice-Involved Populations Studies have found an association between incarceration and reduced financial well-being. A tip to increase savings is to name your savings accounts for a specific purpose.

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Financial Counseling Banking Mining Taxes 130

Money Talk

JULY 13, 2022

Simply divide the December 31, 2021 balance in each of your tax-deferred accounts by the appropriate age divisor in the Uniform Lifetime Table to determine the minimum amount (which is taxable income) that must be withdrawn. Before RMD money is withdrawn in 2022, develop a plan for what to do with it.

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Taxes Retirement Plan Finance Consulting 246

HR Digest

MARCH 20, 2022

” You can’t always anticipate what kind of information an employer will be looking for; however, it’s best not to go too far off-topic with answers like “I enjoy hanging out with my dog” (unless you’re applying for a job at a pet store). I have a degree in accounting from XYZ University. ” .

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Engineering Education Consulting Software 105

WEX Inc.

MAY 31, 2023

For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are opportunities to save money on these expenses. Can I use my HSA or medical FSA to pay for dental expenses? Can I use my HSA or medical FSA for teeth cleaning? Can I use my HSA or medical FSA for a tooth extraction?

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Achievers

NOVEMBER 10, 2020

They can leverage this year-end dialogue for motivation and momentum forward if they’re able to draw upon and strike a balance between two key qualities: grace and accountability. The key to successful year-end reviews for employees: grace and accountability. Hence the need to balance grace with accountability.

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Employee Recognition IT Management 226

HR Bartender

JULY 9, 2023

Even if you decide not to move forward, my guess is you will learn a lot from the experiment. And you say to yourself, “I don’t need another social media platform in my life.” You learn that over 30 million people have downloaded the app, it’s easy to set up if you have an Instagram account, and there’s currently no advertising.

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Technology Media Consulting IT 135

Money Talk

AUGUST 19, 2021

One of my favorite “niche” areas of content development work, in addition to personal finance topics for military families and financial educators, is financial transitions in later life. I have found that I have more “street cred” with older adults now that I am one of them versus presentations I made in my 30s and 40s.

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Taxes Finance Education IT 100

WEX Inc.

AUGUST 2, 2023

A flexible spending account (FSA) allows participants to save money by setting aside pre-tax dollars to pay for eligible medical, dental , vision and dependent care expenses incurred by you, your spouse, or your eligible dependents. A FSA is an account that allows you to set aside pre-tax funds to pay out-of-pocket healthcare costs.

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Florida Workers' Comp

DECEMBER 14, 2023

But I had a news story hit my list yesterday that was intriguing. You see, workers' compensation is a property right (like the money in your bank account, and the money in this fan's online store, and like many other things in our lives). I query my students about that redundancy every semester. See, we like due process.

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Money Talk

APRIL 28, 2022

I was recently cleaning out some of my files and threw out some old conference programs from the early 2010s. Studies have also found happier relationships among couples with joint accounts. 529 college savings account, 5. invest in taxable accounts. listening to podcasts while walking). maximum HSA contribution, 2.

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401(k) Health Savings Account Finance Retirement Plan 183

Joe Markland

APRIL 23, 2021

This was my first post on my other blog titled, New Health Care for America. To start my blog about fixing health care I thought I would start with just making some comments that in my heart of hearts I believe to be true. These are random thoughts but my thoughts. These are random thoughts but my thoughts.

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Health Insurance Insurance Finance Government 130

Achievers

AUGUST 22, 2022

Yola since her relocation to British Columbia has found a new passion in horseback riding and spends her my weekends and free time enjoying the outdoors, from hiking, skiing to paddle boarding. I like a lot of variety, so I was able to learn about different aspects of the business which kept me on my toes.

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