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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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Financial wellness programs can help alleviate financial stress and improve overall employee well-being by providing education, resources, and tools for effective financial management. They offer strategies for asset allocation, compounding interest education, and guidance on navigating retirement accounts such as 401(k) plans and IRAs.

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Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

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While traditional employees typically have taxes withheld from their paychecks by employers, freelancers and self-employed individuals manage their own tax contributions. While traditional employees typically have taxes withheld from their paychecks by employers, freelancers and self-employed individuals manage their own tax contributions.

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2023 Financial Forecast: How to Prepare for the Year Ahead

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Now, for the good news: Although there’s bound to be factors that are beyond your control, feeling more confident about your finances can help you navigate whatever comes your way. Meanwhile, after a multi-decade period of low interest rates, it’s now more expensive to borrow money from lenders (such as credit card issuers).

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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. This can be prohibitively expensive for some, especially if you have dependents. Employer-matching programs.

Finance 290
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Fill Up Your Love Bank, No Matter Your Budget: The Budgetnista Tiffany Aliche on Achieving Financial Wholeness

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A former preschool teacher, she’s also working to give the next generation better money managing tools. The secret a lot of finance experts won’t tell you—but Tiffany will—is that managing money in a way that gives you a good life is not as hard as it’s made out to be. It’s not a capability issue, it’s a confidence issue.

Budget 246
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Can COVID Booster Shots Save Your Business? 

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billion California Public Employees’ Retirement System. . Given the data, we can confidently state that the more employees get shots, the less sick days they will take. She also strongly encouraged her C-suite and mid-level managers to get the booster and discuss doing so with their team members. .

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