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I recently attended a webinar about women’s finances presented by the FINRA Investor Education Foundation in cooperation with the New York Public Library. The webinar began with a justification for focusing on financial planning for women. 57% of men) ¨ 59% of women feel anxious about their finances (vs. 52% of men) ¨ 48% of women (vs.
Every few months, I review my personal learning journal and summarize notes taken from various webinars. Below are 12 nuggets of information that I gleaned from 2023 webinars: Getting Going- Some people procrastinate on saving for financial goals because goals seem too big and intimidating. 401(k), 403(b), 457b, and TSP).
Every quarter, I like to review and summarize my notes from webinars I attended during the last three months. All other tax-deferred plans, like 401(k)s and the thrift savings plan (TSP), must have RMDs calculated separately.
I recently attended a number of webinars about retirement planning. Recovering Losses is Difficult - In one webinar, an example was given of stock originally purchased for $100 a share and sold in a panic at $66.66 Being the author of a book about transitions in later life , I am always looking for new information about this topic.
In addition to writing monthly Small Steps to Health and Wealth™ financial messages , I also present online webinars and class segments. 401(k), 403(b), 457 plan, and thrift savings plan), and other employer benefits (e.g., One of my Money Talk clients is my long-time employer, Rutgers Cooperative Extension. health insurance).
I recently attended a Financial Planning Association (FPA) webinar about traditional and Roth IRAs presented by Ed Slott , a nationally recognized expert on IRAs and frequent presenter at conferences for financial advisors. 401(k), 403(b), 457, or Thrift Savings Plan). There is no way out. tax bracket was over 90%.
Below are six tax-saving ideas gleaned from recent webinars and research for my book: Look Toward the Future - Absent new tax legislation, the Tax Cuts and Jobs Act is scheduled to sunset after 2025, tax rules will return to what they were in 2017, and tax rates will be higher than they are right now. For tax-advantaged accounts (e.g.,
In this webinar replay, McDermott’s Employee Benefits team discusses the many changes to retirement plans and individual retirement accounts, including the key changes for 401(k), 403(b) and defined benefit plans as well as other changes impacting […] The post Webinar Replay: What to Know About SECURE 2.0
This post describes highlights from a recent webinar about retirement planning and taxes in both "to retirement" years (working and saving) and "through retirement" years (later life asset withdrawals). Examples include a 401(k) or 403(b) plan and traditional IRA. Tax-exempt income is income that is free from federal income tax.
Companies that think free snacks and a 401(k) match are enough? Retirement Plans (401(k) & Pensions) A robust 401(k) match or pension plan is a powerful signal that a company views its employees as long-term partners, not disposable resources. The modern workforce wants more. What’s next?
401(k), 403(b), and traditional IRA). Normal” tax rules apply in 2022, however, which may require a withholding change for many families to avoid getting a smaller refund, or owing tax, in 2023. . ¨ Ramp Up Retirement Savings - Consider increasing retirement savings in a tax-deferred employer retirement savings plan (e.g.,
Organize a panel discussion or webinar featuring women leaders within the company or industry. Offer workshops or webinars on budgeting, saving, and investing to help employees improve their financial knowledge. Host workshops or webinars on mental health topics, stress management, and coping strategies.
Earlier this year, I viewed two very different webinars about retirement. The second webinar by Retirement Researcher described six stages of retirement and a host of non-financial considerations. 401(k)s, 403(b)s, and traditional IRAs) can begin making penalty-free withdrawals starting at age 59½. Planning ahead is key.
Several months ago, in the space of one day, I attended a webinar about longevity by a financial planner, read a research report about “longevity literacy,” and attended a health education class for older adults. At the end of the day, I realized that all three of these events were interrelated.
I recently attended a NY Public Library webinar about tax planning and below is a summary: Standard Deduction - 2023 saw the largest ever automatic adjustment to standard deductions since indexing was introduced in the 1980s. In 2023, these limits are $6,500 and $22,500, respectively.
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.
The platform also offers employee benefits options such as health insurance through Gusto’s licensed advisors, 401(k) retirement, workers’ compensation, 529 savings, HSA, life and disability, commuter benefits, and more. BambooHR also provides clients with video tutorials, forums, white papers, training webinars and dedicated support.
With over 90 changes to retirement plans and individual retirement accounts (IRAs), this webinar will highlight the key changes for 401(k) and 403(b) plans and defined benefit plans, as […] The post JOIN US: SECURE 2.0 Act of 2022. Takes Second Bite at Retirement Security appeared first on EMPLOYEE BENEFITS BLOG.
Events, contests and webinars can be an easy way to encourage employees and teach them about 401(k) tax benefits. Address the retirement race gap head-on and use 401(k) auto-enrollment to increase participation. Host company incentives, like match contributions, to encourage benefits use.
Provisions of the […] The post Webinar Replay: New Employee Benefits Requirements for Part-Time Employees, Independent Contractors appeared first on EMPLOYEE BENEFITS BLOG.
I recently attended several webinars and listened to several podcasts about issues related to retirement planning and personal finance issues in later life. COVID-19 Had Mixed Impacts - A webinar speaker described “push and pull” effects arising from the pandemic.
The workforce is rapidly changing, and organizations need to find ways to recruit, retain and inspire top talent that go beyond a slightly above average 401K plan.
This encompasses both work-related benefits such as understanding how to maximize employer contributions into their 401(k)s or choosing the right investment options when it comes to their pension plans as well as learning how to manage their personal finances in more efficient and effective ways.
Look beyond the 401(k) Employees tend to think of a 401(k) retirement plan as a standard, commonplace benefits offering. Furthermore, a 401(k) is focused on the future and long-term goals – a more urgent and timely concern for older employees closer to retirement.
Below are eight insights that I gleaned from recent webinars and podcasts: Plans Don’t Always Pan Out- According to the 2021 Retirement Confidence Survey (RCS), people don’t always leave the labor force when they plan to: 46% exit earlier and 6% work longer than planned. The savings habits and retirement savings accounts (e.g.,
Below are eight recommended financial recovery steps that I heard recently at several webinars: Replenish Emergency Savings- Set a final goal (e.g., We have moved from a year of contraction (2020) to a year of economic rebound (2021). three to six months’ of essential expenses) and identify interim progress points along the way (e.g.,
Like medical insurance and a 401(k), basic wellness benefits are expected by your prospective employees. This webinar is presented by Larry Grudzien , attorney at law, practicing exclusively in the field of employee benefits. In the race for top talent, wellness plans are no longer an option, they are a necessity.
Google Google offers very strong retirement plans by providing its employees 401(k) matching and financial planning resources to not feel vulnerable about the future, which in turn increases their loyalty and long-term satisfaction. What are the Best Practices for Employee Benefits communication to staff?
Most employers satisfy the financial wellness needs of their employees by leveraging free resources from their 401(k) provider or offering a single seminar or webinar on general best practices in financial health.
When people save in a 401k, for example, they’re by and large not thinking about all the features, they’re thinking about stopping working one day through retirement, right? Interested in watching the full webinar, access through the form below. And ask ourselves blinded questions such as, what should our people be doing?
Encourage them to attend classes, webinars and conventions. This could include investments, such as stock options and 401(k) retirement plans. Find or become a mentor who is a trusted source for employees to ask questions and receive knowledge. Give employees an opportunity to lead a project.
That’s why we’ve compiled this summary of one of our recent webinars that Alice Gilman, Esq, hosted. It provides provisions aimed at improving employee retirement outcomes and makes starting 401(k) plans more attractive and beneficial for employers – even those with 50 or fewer employees. How does it do that?
Like medical insurance and a 401(k), basic wellness benefits are expected by your prospective employees. In the race for top talent, wellness plans are no longer an option, they are a necessity.
Some benefits to consider adding or expanding are: 401K benefits: If your business is not matching contributions, you may want to look into what competing employers are doing in terms of retirement benefits and whether there is room in the budget to offer some level of matching. Webinars or meetings can be helpful.
The funds you contribute can be invested, similar to a 401(k) or IRA, allowing them to potentially grow over time. Educate Yourself Take advantage of resources provided by your employer, such as informational sessions, webinars, or printed materials.
Encourage them to attend classes, webinars and conventions. This could include investments, such as stock options and 401(k) retirement plans. Find or become a mentor who is a trusted source for employees to ask questions and receive knowledge. Give employees an opportunity to lead a project.
Host workshops or webinars to answer employee questions and address concerns. Integration with Retirement Plans: Explore ways to integrate HSA contributions with other retirement savings options, such as 401(k) plans. This can incentivize employees to save more for both current and future healthcare needs.
This capability provides the latest accessibility for end-users, as these apps can allow for anything from adjusting 401k contributions to completing benefits enrollment to viewing pay stubs from anywhere in the world. Apps, videos, and webinars that address burnout, stress, and pandemic affects. Financial well-being.
Furthermore, we will address the significance of continuous learning and professional development for legal secretaries, as well as the additional benefits of hiring a legal secretary such as 401K and paid parking. One such benefit is the inclusion of a 401K retirement plan.
Plus, you can attend training and webinars to expand your knowledge of HR practices and know the experts in the field. Plus, we also have a resource library where you can access documents such as the 401K new hire file, employee onboarding, and even health notices. Their website focuses more on the current state of HR. Fairy God Boss.
to help employees care for their wellbeing Ensure competitive retirement benefits, such as 401(k) plans with employer contributions and matching Look into unique perks that might make the business stand out from its competitors Employee Engagement Initiatives Employee retention is infinitely easier with actively engaged employees.
This means that you have the rock solid health insurance, the best set up for your 401(k) program, and enough fringe benefits such as pet insurance, student loan forgiveness, and even discounted entertainment tickets to satisfy just about any interest your employees may have.
Profit sharing plans are a type of defined contribution plan that can serve as an alternative or supplement to more traditional plans like a 401k. If a profit sharing plan doesn’t suit your company, you can still use retirement benefits to incentivize employees by offering to match part or all of their 401k contributions.
Employers may now offer de minimis financial incentives to employees to participate in 401(k) and 403(b) plans. For more information on the Webinar click here: Secure 2.0 Webinar – McNees Wallace & Nurick LLC (mcneeslaw.com).
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