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Financial Planning Tips for Older Women

Money Talk

This post describes ten things that older women need to consider about personal finance during the second half of their financial life: ¨ Unique Financial Characteristics - Women are more likely than men to have gaps in their employment history and to be more negatively impacted by divorce than men. 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., Common uses are income tax estimated payments, living expenses, fun entertainment expenses (e.g.,

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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

If that’s the case, it’s no wonder even seasoned employees are entertaining a change of professional scenery. Then, with a twinge of foreboding, “That’s as long as their current employer offered a better benefits package.”. A matching 401(k) or pension. Consider the benefits you offer currently. Some paid parental leave.

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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. Like emergency fund replenishment, this will likely be done in a series of small steps.

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New COVID relief package extends payroll provisions

Business Management Daily

Relief for employers that deferred the deposit of employees’ Social Security taxes. Who got paid creditable wages differed, depending on size: Employers with 100 or more employees (i.e., For purposes of determining whether you’re a large employer, the 100-employee threshold increases to employers with 500 employees.

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Controlling turnover with employee benefits

Abel HR

In surveys of employment satisfaction and loyalty, feeling valued by your employer and achieving a work-life balance are almost uniformly at the top of the list. ” The good news is that employers are on the same page, with 82% recognizing the role that benefits play in their worker’s happiness. The good news?