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5 Different Types of Retirement Plans You Need to Know About

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You’re probably familiar with terms like 401(k) or Roth IRA, which are types of retirement plans. You might be less sure about the particular characteristics of these accounts or how they follow specific rules laid out by the Internal Revenue Service (IRS) to protect your retirement funds. Employers can match contributions.

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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

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Employers offering a range of financial support options — such as retirement planning workshops, debt management counseling, and savings incentive programs — can lead to a more stable, productive, and health-conscious workforce. Here are some options: 1.Retirement

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The Intimidation Factor: How Fear Influences Women’s Wage Negotiations

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Women can fight for themselves in the salary negotiation process by doing their research and being confident in their experience and abilities. She noted that big career changes, often prompted by the pandemic, can impact confidence in negotiation. The gender pay gap is a very real and very sad reality. of what men are paid.

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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

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But as you incorporate this practice into your monthly routine, you’ll not only gain a comprehensive understanding of your finances , but also the confidence with which to create and maintain a plan that aligns with your financial goals. Plan for retirement. Break free of debt. Get paid what you’re worth.

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Johnny Sirpilla’s Life Took a Tragic Turn. He’s Since Discovered Hardships Can Bring About Incredible Transformation

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Today, Sirpilla says that working through that grief, challenging as it was, laid the groundwork that would inform much of the rest of his life. “I I wanted to impact personal success and confidence that they could take into relationships, they could take into volunteer organizations that they’re part of.”

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4 Smart Money Moves to Plan for Financial Security

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They don’t have a purpose for the money they’re saving, and they often end up splurging on stuff they don’t really need (or want) rather than using it to fund a life goal such as buying a house or saving up for retirement. Start a retirement plan. You’re young, and retirement probably feels light-years away.

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Transforming Your Relationship with Money

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Whatever your money mistakes were, write down the facts of the situation and include the date, where you were living at the time, and any other pertinent information about what was happening in your life. Complete the exercise by writing down the things you think would make you feel confident around your finances.