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Ten Tax Planning Tips for 2022

Money Talk

Ramp Up Retirement Savings - Consider increasing retirement savings in a tax-deferred employer retirement savings plan (e.g., 401(k), 403(b), and traditional IRA). Saving even 1% more of pay can make a difference in later life. There are online calculators like this one than can show you what you could save.

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Miscellaneous Nuggets From Conferences Past

Money Talk

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). The following savings hierarchy was suggested by the researcher: 1.

401(k) 186
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How HSAs can transform retirement planning and your common questions

WEX Inc.

And it’s a solution you might already be offering: the health savings account. These accounts provide another way for your employees to diversify their efforts to prepare for retirement. What employees are saying about finances and retirement? What employers are saying about employee finances and retirement?

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Looking Ahead to Your 2024 Tax Return

Money Talk

Maximize Retirement Plan Contributions- Contribute as much as you can afford, up to the maximum allowable amount, to tax-advantaged retirement accounts (e.g., 401(k) plan). Not only does this help you save for retirement, but it can also reduce your taxable income for the year.

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5 Emerging Benefits Trends to Look for in 2025

Best Money Moves

With a dedicated financial wellness program, you can help employees manage their finances reducing stress and improving productivity. According to Mercers Survey on health & benefit strategies for 2025 , almost 70% of surveyed companies are or are planning to offer financial wellness programs in their benefits package next year.

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Importance of Educating Gen Z Workers on Benefits

InterWest Insurance Services

The freebies — Under the Affordable Care Act, health plans are required to cover a list of 10 essential services, particularly preventative procedures like colonoscopies. You can teach them about these tax-advantaged accounts and the importance of saving for retirement. Financial wellness. Most students in the U.S.

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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. Savings bonds, United Way, creditor and child support garnishments, deductions for other outside groups and other voluntary deductions. In addition, 401(k) nondiscrimination testing may be affected.

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