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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

Allwork

Financial wellness programs can help alleviate financial stress and improve overall employee well-being by providing education, resources, and tools for effective financial management. This discrepancy highlights a critical gap in support that could otherwise enhance employee engagement and productivity. Here are some options: 1.Retirement

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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. And 85% of these HR leaders reported that financial wellness benefits are more important than even a year ago, the study found.

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7 Apps to Teach Kids About Money

Success

A 2017 study found that disparities in financial literacy may account for as much as 40 percent of the wealth gap between those retiring with more and those retiring with less. Meanwhile, only 21 states required a personal finance course for high school students in 2020, according to the Council for Economic Education.

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Consulteering - A New Approach to Retirement

Small Business Labs

Work a Little, Play a Little: A New Retirement Strategy from the New York Times covers the  growing trend towards people working part-time in retirement. As we reported last week, record numbers of Americans are working past 65. The key is time management. Key quote: The biggest challenge is time management.

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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

Your client will also send a copy of the 1099-NEC to the IRS, so reporting every dollar is vital. Even if a client doesn’t send you a tax form, reporting the income is still important. Proving that you paid taxes on all of your freelance income, not just what was reported, can be helpful if you’re ever audited.

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Simplify Your Filing System and Retire Your To-File Pile

All Things Admin

If you have a lot of recurring things to manage, it might help to develop a weekly or annual tickler file system. This becomes your system for managing the day-to-day tasks and projects that’s much more effective than big piles on your desk. . – Executive’s Name – Meeting/Travel Planning. Use Tickler Files.

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Start Talking to Your Kids About Investing—Here’s Where to Start

Success

It’s essential to get started, though: According to a recent Bankrate survey , “four in 10 teenagers (41%) were not receiving any financial literacy education in school.” Additionally, “54% of teenagers… reported feeling unprepared to finance the life they hope to have in adulthood.”.

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