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As 2024 winds down next week, its time for my final quarterly summary of take-aways from recent personal finance classes, conferences, and webinars that I attended. Below are some nuggets that you might find useful in your personal financial planning: Offense and Defense- Financial offense involves earning money from one or more sources (e.g.,
I recently attended three webinars related to retirementplanning. One discussed required minimum distribution (RMD) rules, the second, retirementplanning 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.
Every quarter, I like to review and summarize my notes from recent webinars and classes. On the other hand, employer retirementplan match requires worker savings and credit card rewards and restaurant and retailer rewards programs require consumer spending. It’s that time again! Gifts and inheritances are typically 100% free.
I recently attended a number of webinars about retirementplanning. 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 The 4 L’s of retirement income optimization are Longevity, Lifestyle, Legacy, and Liquidity.
Learn how to simplify complex healthcare decisions, provide clarity on available options, and enhance overall employee confidence in retirementplanning. 🔗 Bridging Employer Plans & Group Medicare - Ensuring a structured, employee-friendly transition.
It’s that time again…time to recap “nuggets” from recent webinars and conferences that I attended. Below is a list, in no particular order, of insights, facts, and recommendations that stood out to me as being original, significant, and/or useful: New Definition of Retirement- The word “retire” does not necessarily mean “stop working.”
As I mentioned in three previous posts , I love learning new things and often attend webinars and podcasts to gain knowledge and/or continuing education credits for my CFP® and AFC® as well as to connect virtually with others. Alternatives to generate cash include savings that is not in a retirementplan (if any), employer assistance (e.g.,
What do retirementplan professionals and participants need to know about the recently passed SECURE 2.0 Act of 2022? appeared first on EMPLOYEE BENEFITS BLOG. appeared first on EMPLOYEE BENEFITS BLOG.
In addition to writing monthly Small Steps to Health and Wealth™ financial messages , I also present online webinars and class segments. My segment of their six-week class series was called Can Farmers Ever Afford to Retire? One of my Money Talk clients is my long-time employer, Rutgers Cooperative Extension.
If you picture retirementplanning 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.
Taxes can have a significant impact on family offices, influencing decisions around structure, investing and overall planning strategies. McDermott’s Family Office Tax webinar series explores the latest trends and guidance on tax planning for family offices and identifies opportunities to optimize tax efficiency.
Workshops, webinars and coaching sessions can all be used to explain how the benefits work and how they can improve employees’ financial situations. Whether it be retirementplanning or securing a mortgage, Best Money Moves can guide employees through the most difficult financial times and topics. But the fix is simple.
Earlier this year, the book reached #8 and #14 in Amazon’s wealth management and retirementplanning categories, respectively. speeches, webinars, and classes). All three books are available on Amazon and sales for Flipping a Switch remain steady. This followed a mention in a nationally syndicated newspaper article.
This was accompanied by a concerted communications drive, designed to improve understanding of pensions among its employees, boost appreciation of the enhanced employer contribution and ensure staff were fully engaged in their own retirementplanning. The organisation runs regular sessions with employees, both in-person or online.
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%.
Provisions of the […] The post Webinar Replay: New Employee Benefits Requirements for Part-Time Employees, Independent Contractors appeared first on EMPLOYEE BENEFITS BLOG.
With less than five months remaining in 2024, now is the time to begin serious tax planning for your 2024 income tax return. I recently attended a webinar with some tips for financial advisors about reviewing clients’ tax returns. The advice also applies to taxpayers themselves.
A solid benefits package has comprehensive health insurance, paid time off (PTO), retirementplans, and wellness support. RetirementPlans (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.
(Editor’s Note: Today’s post is sponsored by Massachusetts Mutual Life Insurance Company (MassMutual), a leading provider of insurance, annuities, retirementplans, and other employee benefits. The highlight of the webinar will be a live question and answer period with small business owners. Many congratulations to them.
Methods include webinars, podcasts, blogs, television and radio shows, print media, websites, and more. A key take-away, especially for healthy individuals and their families, is that HSAs can be used as a quasi-retirementplan. unmatched employer retirement savings, 6. listening to podcasts while walking).
With over 90 changes to retirementplans 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.
The Society for Human Resources Management’s (SHRM) express request service provides links and information about a wide variety of topics including state laws, seasonal topics like OSHA 300 postings, IRS RetirementPlan Limits, etc. Attend webinars and conferences. banking, hospitality, retail, etc.)
Schedule workshops or webinars to break down complex topics like: Health savings accounts (HSAs) Flexible spending accounts (FSAs) Retirementplanning options Emphasize the total rewards picture Highlight how your benefits program fits into your companys total rewards strategy.
The platform streamlines HR processes and benefits administration by offering a single, centralized platform for employees to access and manage their benefits, from health insurance and retirementplans to time-off tracking and more. One of the key benefits of GoCo is its ease of use.
As recounted in a SHRM article : “ created a new landing page with details about the option, started webinars about financial planning and sent direct mail pieces. That all changed when UPS launched a communications strategy around the benefit. Many employers offer matching contributions.
Best Money Moves Sneak Peek: 2023 Financial Webinar Series. Get an inside look into Best Money Moves and catch a free preview of our 2023 Financial Webinar series. Best Money Moves takes financial education to the next level with free, monthly Webinars available to all users.
If your organization offers any form of retirementplan, chances are you have questions about ERISA. This advanced compliance training will go beyond the basics of the requirements of the Employee Retirement Income Security Act of 1974.
I recently attended several webinars and listened to several podcasts about issues related to retirementplanning and personal finance issues in later life. COVID-19 Had Mixed Impacts - A webinar speaker described “push and pull” effects arising from the pandemic.
It empowers users to make informed financial decisions through interactive lessons, budgeting tools, and retirementplanning calculators. Educational Resources: Many financial wellness platforms offer educational content, such as articles, videos, and webinars, to help users improve their financial literacy.
For instance, larger corporations may offer workshops or webinars on retirementplanning and investment strategies, explaining financial terms and jargon in easy-to-understand ways. Meanwhile, smaller organizations may focus on topics like debt management and budgeting to support the unique challenges of their workforce.
Bringing pre-retirement support forward to midlife gives people space to think about their aspirations for the rest of their lives, explains Riddell. Effective midlife support can be delivered through one-to-one coaching, group workshops, webinars, individual reflection workbooks, or a mixture,” she says.
For instance, some companies host financial webinars and events on topics that resonate with women, like planning financially for pregnancy or a wedding. Whether it be retirementplanning or securing a mortgage, Best Money Moves can guide employees through the most difficult financial times and topics.
Retirementplans Basically, it is the retirementplans—401(k) or pension plans—through which an employee receives financial security during service years other than while serving. This category varies from different plans with several options that include PPOs, HMOs, and high-deductible health plans.
Older workers are likely to be concerned with retirementplanning, so could benefit from workshops and webinars on how to effectively prepare,” she explains. Different channels of communication will be required for each group.
I was reminded of this during a Paycom webinar on “ FLSA: Don’t Underestimate Overtime Expansion. ” In case you missed it, there is an archived recording of the webinar available and it has been preapproved for recertification credit by the Human Resource Certification Institute. You get the point.
Look beyond the 401(k) Employees tend to think of a 401(k) retirementplan 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.
Whether your employees need help with day-to-day budgeting, debt management, planning for their financial future or something in-between, our resource library can help. Best Money Moves users have access to over 900 unique articles, videos, webinars and calculators across a range of financial topics.
Financial wellness can take many forms, but you might consider basic financial literacy courses, budgeting classes, retirementplanning, and the tools a benefits solution might offer. Best Money Moves users gain access to a suite of debt trackers, budgeting calculators and a library of 900+ articles, videos and webinars.
Provide employees with easily understandable materials that explain their benefit options, including health insurance, retirementplans, and any other perks. Use various communication channels such as emails, webinars, and even mobile apps to reach employees in a way that suits their preferences and schedules.
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.
While traditionally associated with healthcare expenses, HSAs can play a pivotal role in retirementplanning for your employees. Let’s look at how HSAs and retirement intersect, and why integrating HSAs into your benefits strategy can be a game-changer for both your employees and your organization.
This shift underscores the dynamic nature of retirementplanning, where economic conditions and member preferences drive the evolution of available choices.” Effective communication Employers can use a range of tools to help inform those nearing retirement of their options.
Encourage them to attend classes, webinars and conventions. This could include investments, such as stock options and 401(k) retirementplans. 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.
Offering competitive benefits, like health care and retirementplans, alongside continuous learning opportunities, can be highly effective. Attend industry conferences, participate in webinars, and network with peers to exchange ideas and strategies. Staying informed about the latest trends and best practices is essential.
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