Benefits make up over 30% of a typical employee’s total pay package according to the Bureau of Labor Statistics. It’s crucial to review your benefits choices each year during open…
Tag: benefits
If you leave a job where you had a 401(k) you’re faced with a decision: what do you do with the 401(k) account at your old job? The money in…
Vesting refers to the process of a financial benefit becoming yours over time. The most common example is a 401(k) match. (There are other types of compensation that might vest,…
When you contribute to a 401(k) you put your own money in, called a contribution. That contribution is made with pre-tax dollars, invested within the 401(k) account, and grows tax-deferred…
A 401(k) is an employer sponsored, tax advantaged account for saving and investing for retirement. You contribute pre-tax dollars to it, invest that money, and then withdraw the money in…
Reviewing your employer’s benefits be confusing, and probably isn’t at the top of anyone’s list of things they want to do. But if you’re not careful you could be making…
A flexible spending account (or flexible spending arrangement) is a benefit offered by employers that allows employees to take money out of their pay before taxes, put it into an account,…