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A Better 401(K) Is the Top Reason Why Workers Switch Jobs

HR Digest

To provide financial support, many employers think about 401K retirement plans a nd student loans. People leave their workplaces because they are not satisfied with the retirement plan or they find better conditions somewhere else. The Great Resignation is a difficult situation nowadays.

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Financial Planning Tips for Older Women

Money Talk

About 90% of women will need to manage money alone at some point in their lives. ¨ “Through Retirement” Goals- Working age women often focus on “to retirement” goals (e.g., saving for later life in an IRA or 401(k) plan) while older women need “through retirement” goals. 401(k)s), tax-deferred accounts (e.g.,

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Can Farmers Ever Afford to Retire?

Money Talk

Benefits are based on a worker’s 35 highest earning years and delayed retirement credits between full retirement age and age 70 increase benefit amounts. Off-Farm Job Employer Benefits - These include a defined benefit pension, an employer retirement savings plan (e.g., health insurance).

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Retirement and Taxes: "To" and "Through" Planning

Money Talk

If you picture retirement planning and taxes as a Venn Diagram, there is lots of overlap between these two areas of personal finance. This is true both during one’s working years (when taxpayers are saving for retirement) and later, when people are older and withdrawing taxable income from tax-deferred accounts.

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Ten Upsides of Inflation

Money Talk

This includes Social Security recipients, retirees with COLA-adjusted pensions, and workers with COLAs stipulated in their job or union contracts. Increased Savings Contribution Limits - Maximum limits for employer retirement plans (e.g., 401(k)s) and IRAs are pegged to inflation.

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Annuity Myths and Facts

Money Talk

They are often bought with money from settlements, investment accounts, and pension plan lump sum distributions. What Not to Do - Annuities are generally not appropriate for qualified retirement plans such as 401(k)s or IRAs. Either type provides a guaranteed income stream subject to contract terms.

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Individual Retirement Accounts: What You Need to Know

Money Talk

Tax planning involves looking ahead and projecting future income and tax write-offs. Baby Boomer Challenges - Baby boomers (born 1946-1964) were the first generation with the ability to save money for retirement in 403(b)s, 401(k)s, and IRAs for decades (their parent’s generation had pensions). There is no way out.

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