Money Talk

MAY 11, 2023

I recently attended three webinars related to retirement planning. One discussed required minimum distribution (RMD) rules, the second, retirement planning in general, and the third, the FIRE ( F inancial I ndependence, R etire E arly) movement. I watch about a dozen personal finance webinars each month.

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Retirement Plan Taxes Finance Government 246

Money Talk

MARCH 24, 2022

I recently taught a 90-minute personal finance class for women age 50+. Sources of Retirement Income - Income sources include Social Security, employer defined-benefit pensions or defined-contribution retirement plans (e.g., 401(k)s), tax-deferred accounts (e.g.,

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401(k) Finance Entertainment Taxes 278

WEX Inc.

JULY 24, 2023

Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. Why HSAs for retirement planning? These accounts provide another way for your employees to diversify their efforts to prepare for retirement. Click below to get your free HSA retirement white paper.

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Retirement Plan 401(k) Health Savings Account Taxes 98

Best Money Moves

AUGUST 6, 2024

Divorce, sudden medical issues and unemployment can throw a wrench into a person’s finances. Whether it be retirement planning or securing a mortgage, Best Money Moves can guide employees through the most difficult financial times and topics. Employees often look to their employer as a source of financial wellness support.

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Best Money Moves

JULY 15, 2024

Many use online resources and applications for banking and managing their finances. Whether it be retirement planning or securing a mortgage, Best Money Moves can guide employees through the most difficult financial times and topics. Take a digital-first approach to financial wellness benefits.

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Money Talk

JUNE 16, 2022

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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Taxes 401(k) Retirement Plan Pension 188

WEX Inc.

OCTOBER 2, 2024

Assess your ability to cover the deductible before choosing this plan. Watch the video to hear more from our own Jason Cook about the retirement-planning potential of an HSA. It ensures that your pets receive the care they need without straining your finances.

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Money Talk

NOVEMBER 30, 2022

Develop a Proactive Mindset - This means acknowledging, learning about, and planning for possible future outcomes rather than ignoring the possibility that they could happen. An example is retirement planning. Make Small Changes - If inflation or job changes are pinching household finances, it is time to revisit cash flow.

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Money Talk

MAY 18, 2023

It is not specifically about a personal finance topic such as inflation, investing, or retirement planning. This post provides general personal finance or consumer decision-making information and does not address all the variables that apply to an individual’s unique situation. Miss Barbara). Let’s start a conversation.

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Money Talk

MARCH 15, 2023

What Not to Do - Annuities are generally not appropriate for qualified retirement plans such as 401(k)s or IRAs. They are already a tax-deferred product and investors gain no benefit by placing them in a tax-deferred plan. Deferred annuities make payments at a future date and allow annuitants time to make deposits.

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Money Talk

MAY 9, 2024

Be Realistic About Retirement Age - Retirement age is an important assumption in retirement planning and can happen earlier than expected. Studies have found an average gap of about 4 years between expected and actual retirement age and about half of U.S. workers retire earlier than expected.

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HR Lineup

OCTOBER 18, 2023

This software is a comprehensive platform that allows HR professionals, benefits managers, and employees to efficiently manage, access, and make decisions regarding benefits such as health insurance, retirement plans, leave policies, and more. It offers automated benefits administration, including health insurance and retirement plans.

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Software Retirement Plan Health Insurance Payroll 246

Money Talk

JUNE 22, 2023

With employer-sponsored retirement plans, workers should contact their plan administrator or HR department; life insurance policy owners, their insurer; and IRAs and annuities, the plan custodian. A guardian must be appointed by the court to manage assets of minor children until they reach legal age.

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Money Talk

APRIL 20, 2023

For additional information about retirement planning for farmers, visit the Rutgers Cooperative Extension Later Life Farming website. This post provides general personal finance or consumer decision-making information and does not address all the variables that apply to an individual’s unique situation.

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401(k) Pension Retirement Plan Taxes 246

Money Talk

JANUARY 18, 2023

Increased Savings Contribution Limits - Maximum limits for employer retirement plans (e.g., This post provides general personal finance or consumer decision-making information and does not address all the variables that apply to an individual’s unique situation. 401(k)s) and IRAs are pegged to inflation.

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Money Talk

JULY 5, 2024

In other words, people are happy not indulging in high-cost activities that put a strain on their finances. Women’s Finances - The gap between average salaries for men and women can add up to hundreds of thousands of dollars over working years. Getting involved in family finances (e.g., Saving for retirement.

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Finance Taxes Retirement Plan Retail 169

Money Talk

FEBRUARY 10, 2022

After work, commuting, eating, sleeping, and/or exercise, many people have less than five hours on a typical weekday to manage everything in their life, including personal finances. How do you take charge of your finances when time is at a premium? Weekends are even more hectic with household chores and family activities.

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401(k) Finance Taxes Retirement Plan 189

Money Talk

APRIL 6, 2023

Since it is unlikely that Congress will ever mandate employer plans, some states are now starting to do require employers to offer a workplace savings plan. Auto-Enrollment is Effective - Research indicates that most workers who are auto-enrolled in retirement plans stay in them, even in the absence of an employer match.

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401(k) Retirement Plan Finance Government 245

HR Lineup

FEBRUARY 5, 2023

Maxifi is a personal financial and retirement planning software that aims to help individuals and families make smarter financial decisions. This software offers a suite of tools and resources to help users manage their finances, plan for retirement, and achieve their financial goals.

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Money Talk

APRIL 30, 2024

Lack of Planning - A speaker who was a financial planner noted that about 90% of his clients haven’t figured out what to do with the rest of their life. If your entire retirement plan is to spend more time with family and friends, you better check in with them first.

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Money Talk

AUGUST 8, 2024

Not only does this provide an opportunity to catch possible errors and omissions, but it also provides valuable insights about household finances and a source of questions about tax calculations and future tax planning for my second visit. elect to donate to a qualified charity via a qualified charitable distribution (QCD).

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Taxes Deductible Deductions Finance 176

Best Money Moves

JULY 24, 2024

Although the majority of Americans are stressed about finances, employees don’t take advantage of financial wellness benefits and they don’t understand how they work. Whether it be retirement planning or securing a mortgage, Best Money Moves can guide employees through the most difficult financial times and topics.

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Retirement Plan Education Finance Employment 105

Money Talk

APRIL 28, 2022

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). unmatched employer retirement savings, 6. maximum HSA contribution, 2.

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401(k) Health Savings Account Finance Retirement Plan 186

Money Talk

SEPTEMBER 14, 2023

Types of Tax-Deferred Accounts - These include employer-sponsored defined contribution plans (e.g., 401(k), 403(b), 457, thrift savings plan), Traditional IRAs funded with pre-tax dollars, simplified employee pensions (SEPs) for self-employed workers, and annuities. Beneficiary types include a spouse, non-spouse (e.g.,

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Taxes 401(k) Retirement Plan Pension 194

Money Talk

JULY 25, 2024

It is also easier to keep personal and business finances separate by maintaining dedicated bank accounts and credit cards for business transactions. Stick to a Schedule - Invoicing clients promptly and following up on overdue payments can maintain healthy cash flow and avoid disruptions to personal finances.

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Employment Health Insurance Pension Finance 162

Money Talk

OCTOBER 27, 2022

Significant changes in 1986 established income limits for participants in an employer-sponsored retirement plan that eliminated the tax deductibility of traditional IRA contributions for some people. History - In the early 1980s, federal legislation created a tax-deductible IRA for anyone with earned income.

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Money Talk

APRIL 21, 2022

Many people think about hiring a financial advisor when their personal finances start to get complex (e.g., accumulated wealth over time) or a major life event such as retirement, the birth of a child, or the death of a spouse occurs. a cash flow (income minus expenses) statement for a recent month or your spending plan/budget , 2.

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Commissions Finance Retirement Plan Consulting 188

HR Lineup

MARCH 9, 2023

There are job boards for specific industries, such as healthcare, technology, and finance. This includes not only salary but also benefits such as health insurance, retirement plans, and vacation time. Use Niche Job Boards Niche job boards are an excellent resource for finding specialized talent.

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Recruitment Media Salary Retirement Plan 246

HR Lineup

FEBRUARY 5, 2023

In addition to retirement planning, Personal Capital also offers tools for investment management, including a portfolio tracker, performance analysis, and investment tracking. Users can connect all their investment accounts, including 401(k)s, IRAs, brokerage accounts, and more, to get a complete view of their finances in one place.

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Money Talk

JANUARY 26, 2022

They can delay their beginning withdrawal date until April 1 of the year following the year they retire as long as they do not own more than 5% of the business offering the retirement plan. This is called the “still working exception" and it only applies to workers’ current employer tax-deferred employer plan.

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Money Talk

FEBRUARY 23, 2023

salary/wages, interest income, short-term capital gains, and RMDs (withdrawals) from tax-deferred retirement plans) in 2022 and 2023 are 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Ordinary Income Tax Rate - The seven federal income tax brackets for ordinary income (e.g., Income taxes are progressive (i.e.,

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Taxes Retirement Plan Finance Commissions 188

Money Talk

APRIL 11, 2024

RMD Inevitability - Required minimum distributions (RMDs) are inevitable if you have a traditional IRA (unless you make qualified charitable distributions), SEP-IRA, or qualified employer retirement plan (i.e., 401(k), 403(b), 457, or Thrift Savings Plan). There is no way out. tax bracket was over 90%.

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Money Talk

DECEMBER 22, 2021

Tax-Deferred Retirement Plan Limits - Like IRAs, maximum plan contributions are indexed for inflation. In 2022, retirement savers in 401(k)/403(b)/457 plans and the federal Thrift Savings Plan (TSP) who are under age 50 can contribute up to $20,500, a $1,000 increase from $19,500 in 2021.

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HR Lineup

FEBRUARY 7, 2023

Quicken is a personal finance software that helps individuals manage their financial portfolios and plan for their retirement. The platform provides a range of tools and features that allow users to track their spending, manage their budgets, and plan their investments with ease.

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Money Talk

DECEMBER 7, 2023

tax-deferred retirement plan contributions and charitable gifting) are already accounted for. This post provides general personal finance or consumer decision-making information and does not address all the variables that apply to an individual’s unique situation.

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Money Talk

OCTOBER 6, 2022

Lack of Retirement Planning - Many people spend time planning meetings that last an hour, weddings that last a day or a weekend, and higher education (4-5 years). However, when it comes to planning what they will do over what could be a 30-year retirement, many people “just show up.”

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Taxes Finance Education Retirement Plan 188

HR Lineup

JUNE 9, 2023

PES Benefits provides a comprehensive suite of employee benefits, covering various areas such as health and wellness, retirement planning, and financial security. Retirement planning is another crucial aspect of PES Benefits’ offerings.

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