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Cryptocurrency in 401(k) Plans? Might be More Like “Crypto-nite,” Says the DOL in Its Latest Release

Proskauer's Employee Benefits & Executive Compensa

Department of Labor Employee Benefits Security Administration (“DOL”), cryptocurrency might carry similar dangers for otherwise strong and healthy 401(k) plan accounts. On March 10, 2022, DOL issued Compliance Assistance Release No. On March 10, 2022, DOL issued Compliance Assistance Release No.

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Ten Upsides of Inflation

Money Talk

What often gets lost in conversations and media reports about inflation are the ways that some people can benefit from it. 401(k)s) and IRAs are pegged to inflation. The year 2022 was chock full of news about inflation, with a year-to year Consumer Price Index increase of 9.1% in June and a still-high 6.5% CPI at year-end.

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Useful Information “Nuggets” From 2023 Webinars

Money Talk

401(k), 403(b), 457b, and TSP). Romance Scams - These often start on social media and move to messaging apps. With a debt snowball, you list debts by outstanding balance and pay extra on smallest balances first. This change, therefore, aligns workplace Roth account rules with Roth IRA rules.

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Employee Engagement Calendar: Your Year-Round Roadmap for 2024-25

Vantage Circle

Provide a platform, like a digital wall or social media, for sharing stories of how mentors have made a positive impact on professional growth. Highlight influential women in history through daily or weekly emails, social media posts, or internal newsletters. Host a seminar or webinar on 401(k) plan benefits and retirement savings.

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Miscellaneous Nuggets From Conferences Past

Money Talk

Methods include webinars, podcasts, blogs, television and radio shows, print media, websites, and more. Health Savings Accounts - One study found that the tax savings on many employees’ contributions to a health savings account (HSA) increases wealth by more than an employer match on the same employees’ 401(k) contributions.

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Financial Security and Happiness in Later Life: Reflections from Recent Webinars

Money Talk

Below are 10 of my top take-aways: Knowledge is Power - While new state financial education mandates are getting lots of media attention (and rightly so), financial education works for everyone! I recently attended a number of webinars about retirement planning. Many have to settle for less. It is not all theirs to keep.

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Demystifying Financial Jargon

Money Talk

One factor that can be daunting to many people is the technical jargon used by professionals and financial media outlets. Dollar-cost averaging works best if investment deposits are “automated,” such as authorizing 401(k) plan payroll deductions or automatically debiting a bank account monthly for mutual fund share purchases.

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