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Below are some key things to know about annuities from a recent seminar that I attended: Complexity- Annuities are often sold as a “simple” investment but, in reality, they can be quite complicated. What Not to Do - Annuities are generally not appropriate for qualified retirement plans such as 401(k)s or IRAs.
I recently attended a seminar about financial concerns facing women in retirement. America’s 401(k) Experiment - 2023 is the 45 th anniversary of tax-deferred 401(k) retirement savings plans that workers fund with voluntary contributions from their pay. rent and car payments), variable (e.g.,
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. 401 (k), 403(b), and TSP), and SEPs (for self-employed workers). 20%) you could withstand without losing sleep.
Offering financial literacy workshops or seminars can be immensely beneficial. These programs not only support individuals in managing their day-to-day finances but also contribute to their long-term financial security. These sessions can cover budgeting, debt management, and savings strategies.
Contribute to retirement accounts such as 401(k) or Individual Retirement Accounts (IRAs) Ensure you have adequate insurance coverage, including health, life, and disability insurance Explore opportunities to diversify your sources of income.
Here are some ideas for financial benefits and professional development: Retirement savings plans : Offering retirement savings plans, such as 401(k) plans or IRAs, is a common benefit offered by many employers. Some employers offer financial planning services or seminars on topics such as budgeting, investing, and retirement planning.
100 SHRM Chapter Seminar Ideas. No, really, please use the 401k: how to drive engagement in retirement plans. 5 things HR can learn from finance. Get more SHRM volunteer leadership content: The post 100 SHRM Chapter Seminar Program Ideas appeared first on upstartHR. Get updates about new SHRM volunteer leadership content.
I remembered the book, The Index Card , where ten tips related to many aspects of personal finance were shared on an index card. 401(k), 403(b), TSP). Keep Learning About Personal Finance - Learn one new thing every day about a personal finance. What to Do? I titled my presentation Just Do Then Things Right.
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