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The 8 Biggest Financial Mistakes to Avoid in Your 60s

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People in their 60s often face the decades in two parts: the run-up to retirement and retirement itself. Although retirement may have a date on the human resources calendar, it can—and perhaps should—involve years of transition. They’ve been in this accumulation mode of building up their assets,” she says.

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The 7 Biggest Financial Mistakes to Avoid in Your 50s

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To help protect your financial future, learn about how to prepare for retirement in your 50s, the biggest financial mistakes people make at this juncture and how to avoid them, according to financial planners. A lot of people guess at their budget. Guessing at your budget isn’t going to cut it when you approach retirement,” she says.

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How Financial Wellness Programs Can Benefit Employees and Employers

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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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30 New Year’s Resolution Ideas to Make 2024 Healthier, Happier & More Secure

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Additionally, consider breaking larger goals into smaller, more manageable steps. New Year’s resolution ideas to improve personal finance Create a monthly budget. Calculate your monthly income, track your spending, determine your goals and priorities and develop a plan to manage your expenses. Save more for retirement.

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Everything You Need to Know About Emergency Funds

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An emergency fund can help you get out of an immediate financial situation, like an unexpected car repair or medical bill, or can help you cover your day-to-day expenses if you’re laid off, ill, or injured and unable to work. Instead of getting discouraged, try breaking the bigger goal into smaller pieces to make the process more manageable.

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How Toxic Positivity Can Hurt Your Finances

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Resilience , on the other hand, lets you keep moving through a challenging situation like a scary medical diagnosis or job loss while still being able to acknowledge that things are hard. Pushing off conversations about life insurance, retirement savings or long-term care doesn’t protect you from the negative feelings the subjects bring up.

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

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According to SHRM , 35% of HR professionals surveyed offered financial planning benefits for long-term security, such as sessions with a financial advisor on wealth management, investments and estate planning. It can be a shock to new parents to know that the Federal Medical Leave Act does not guarantee any sort of pay.

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