Over the past 3 weeks, we have discussed the importance of several key employee benefits – health insurance, the retirement plan, and disability insurance. There are MANY more possible benefits to consider, and every employer will offer a different combination. The best advice? Take your time, ask questions, and enroll in all of the benefits that help you earn and protect your income– and help … Continue reading The bottom-line on benefits and your bottom-line
A terrific employee benefit plan is designed to help employees earn and protect income and build financial security. That said, disability insurance is an important consideration and often a part of the offering. Disability insurance helps to protect your income in case you are unable to work for an extended period due to illness or injury. Typically, disability insurance replaces a percentage of your lost … Continue reading Advice for recent grads – part three
To continue with our series, there are more benefits to look into at your first job, other than your health insurance policy (which we discussed last week). Although your working days are just beginning, it is never too early to think about your retirement. Ask about your company’s retirement plan immediately. The most common account is called a 401(k) plan. The majority of working Americans … Continue reading Advice for College Graduates – Part Two
College has come to an end, but your career is just beginning! When you have landed your first post-college, full-time job, you will most likely have access to an employee benefits plan. This benefits plan can represent a tremendous value to you, yet many recent graduates do not take full advantage of some of these benefits. Maximizing these benefits can be critical in managing your … Continue reading Advice for Recent Graduates – Part One
Everyone knows that by getting married they can increase their financial opportunities, but there are six great perks to getting hitched that involve other aspects of life other than increasing your wallet size. Here are our choices for the top three benefits! Increase Financial Stability – It is extremely nice that after getting married you gain someone to help you out financially when a situation … Continue reading Six Financial Benefits of Marriage
EDSA is very proud to announce Blue Cross Blue Shield of Louisiana as one of first recipients of the Jump$tart’s Workplace Financial Education Honor Roll Certificate. They are being rewarded for their dedicated commitment to improving their employees’ financial literacy and knowledge. The eight Louisiana recipients were contacted during the first week of April. Blue Cross Blue Shield and one other Baton Rouge recipient will … Continue reading Blue Cross Blue Shield of Louisiana Receives Jump$tart Honor Roll Certificate
Last week we discussed why tax breaks are a great motivation to contribute to a 401(k). In this fourth and final week, we will discuss our last reason why you should contribute.
Reason number 4: Your money can go with you, job to job – If you change jobs, you can put your money into your new employer’s 401(k) plan, or roll the money into what is known as a Roth IRA. You have 60 days to rollover the money; after that time you have to pay taxes on that money and a 10% penalty if under the age of 59 1/2. Continue reading “Reasons to Contribute to your 401(k): Week 4 of 4”
It is never too late to start saving money through your 401(k) plan. Why not start with the New Year? In the next four weeks, we will be addressing four different motives to contribute to your 401(k), so stay posted to learn why a 401(k) is a smart idea.
Reason number 1: Your company can help your investment grow. Most companies will contribute a certain amount for every dollar that you contribute up to a certain limit. By contributing the maximum amount, you allow your savings to grow that much faster! Continue reading “Reasons to Contribute to your 401K: Week 1 of 4”