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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. These should be offered regularly and methodically to reinforce learning and adaptation of financial behaviors.

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Should I Use a Robo-Advisor to Manage My Investments?

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It often includes automatic rebalancing, tax-loss harvesting, retirement planning and picking investments. Although these services are usually more expensive than a straight robo-advisor, it’s still often less than meeting with a traditional financial advisor in person. You’ll also have to pay the fund’s expense ratios.

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What Is a Health Savings Account?

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We all know we need to prepare for future healthcare costs, but learning how much to save can be difficult. They let you cover medical expenses like copays and deductibles while providing a tax break and helping you save for the future. However, you can still use the money on qualified medical expenses. What is an HSA?

Health 278
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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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Do I Need to Buy Life Insurance?

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Keep reading to learn about the different types of life insurance policies, how to determine if you need to buy it, and how much your policy should be worth. People purchase life insurance to help their families replace lost income and cover final expenses after death. But it doesn’t have to be a painful experience.

Policies 264
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Helpful Budgeting Tools to Keep You On Track

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Although Mint is free, it does have ads and will make recommendations on products based on your information, like finding the best high-yield savings account for your emergency fund. It also lets you customize your categories, set goals and attend workshops to help you learn how to budget and manage your money effectively.

Budget 246
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16 Rich Habits

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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. Reading information that will increase your knowledge about your business or career will make you more valuable to colleagues, customers or clients.

Mentoring 317