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5 Surprising Symptoms of Financial Stress (And 5 Helpful Solutions)

Best Money Moves

In a survey of 2,000 Americans, MarketWatch found that 88 percent of respondents reported feeling some form of financial strain and 65 percent felt that finances were the top source of stress in their lives. Financially stressed employees are five times more likely to be distracted by finances while at work.

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Annuity Myths and Facts

Money Talk

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.

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BT boosts employees’ pension knowledge with financial education programme

Employee Benefits

The programme, which is provided in partnership with Wealth at Work, aims to help employees who need help understanding their options and how to implement their plan; including retirement goals and considerations, accessing retirement savings, understanding the risks, tax planning, and how to seek further guidance and regulated financial advice.

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3 Ways Financial Stress Impacts Different Generations

Best Money Moves

Nearly 1 in 5 employees over the age of 59 do not have a retirement account, per a Credit Karma poll , the highest percentage for any generation. With retirement near on the horizon, this leaves less opportunity for older generations to save for the later years.

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Top tips for boosting employees’ pensions knowledge 

Employee Benefits

In the decumulation phase, consider running retirement workshops or offering financial advice as well so that employees understand the options open to them, such as drawdown and buying an annuity,” adds Hadley. “Improving understanding and confidence with pensions and other finances could lead to lower staff turnover and higher retention.

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Strategies for Successful Investing

Money Talk

Take Advantage of Tax-Deferred Investments - Set up investment accounts for retirement savings where earnings can grow free of tax for decades until required minimum distributions (RMDs) must begin at age 72. Examples include traditional individual retirement accounts (IRAs), tax-deferred employer retirement plans (e.g.,

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Thatcham Research introduces financial wellbeing scheme

Employee Benefits

Employees can also participate in bespoke financial wellbeing workshops, featuring guides, webinars and in-person seminars on topics such as pensions and protection, budgeting , saving and investing. We sought to provide guidance to suit our colleagues throughout various key life events and with day-to-day financial budgeting.

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