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How Financial Wellness Programs Can Benefit Employees and Employers

Success

Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. Employers are now providing a broader suite of benefits and are increasingly recognizing the importance of financial wellness programs for employees.

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Want to Retain Your Team? Offer Financial Well-being Programs

Allwork

Educational offerings. Companies can offer financial literacy programs, continuing education, webinars, and more. . It’s becoming more standard for there to be an employer match for funds such as a retirement fund like a 401(K), a 529 education savings plan, or even a student loan match plan. They include: .

Finance 290
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16 Rich Habits

Success

Try to stash six months of living expenses in an emergency fund in case you lose your job or your business goes belly-up. Contribute as much as you can afford to a retirement plan. 79 percent read educational career-related material. Think of savings and investments as two completely different things. Avoid toxic people.

Mentoring 317
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6 Commonly Overlooked Tax Deductions to Maximize Your Return

Success

“Can a dead person deduct medical expenses?” “Can ” These are just a few of the numerous requests Andy Phillips, director for the Tax Institute at H&R Block in Kansas City, Missouri, fields when tax time rolls around, as his clients muddle their way through what can and can’t count as a deductible expense.

Expenses 223
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5 Reasons Being Self Employed Sucks

Productivity Bits

Becoming self-employed often times turns into an education of the dual responsibilities required for those who choose to be both an employer and an employee. Retirement Benefits. In the United States, medical, dental, and vision insurance is usually covered by an employer sponsored plan. No Paid Vacation.

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MBO Partners: A Business Platform for Independent Consultants.

Small Business Labs

Small Business Blogs Entrepreneur Magazine Blog Entrepreneurship & Education at the Kauffman Foundation Fresh Inc.   Their infrastructure service includes (from their website):  "group health benefits, retirement programs, a business and medical expense reimbursement program, billing and invoicing, and more."

Legal 100
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Answering Reader Mail: Can an EA salary support a family?

Musings of a High-Level Executive Assistant

Always buy the most expensive health insurance you can afford. Also look thru your employee handbook to save as much money as possible with your company matching 401k program and pre-tax contributions, employee discounts and perks, paid on going education, flexible spending accounts, etc. Retirement is your 401k, CDs, cash, etc.

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