Businessolver’s Post

So we just got two new kittens. Because my wife needed them (we have 3 already). Sounds crazy right? Why do we do things like this? Becuase they are cute and they make us feel good. They make us happy. Make our life a little more enjoyable. Right? Well the same applies to employees and their benefits. Offering benefits makes them feel good, more appreciative and more loyal. It makes them take more pride in their job as well. Offering benefits can mean health insurance, dental and vision, retirement, all sorts of things. For us it means voluntary employee funded benefits through payroll deduction. Benefits designed to attract and retain key employees by improving employee morale without increasing your bottom line. Interested? #aflac #benefits

We love helping folks get the most for their money. One of the best opportunities for you to do that is by understanding what benefits your employer offers and how to use them effectively. In his post for the GCM blog, our resident CERTIFIED FINANCIAL PLANNER™ professional John Howe-Wemett, CFP®, M.S. breaks down some of the most common benefits offered by employers and some ways that you can take advantage of the opportunities they present. #financialplanner #benefitsplanning #healthinsurance #workplacebenefits #openenrollment #gcm https://hubs.ly/Q024sp1C0

Here are 3 things I often see people missing out on with their workplace benefits. 1️⃣ 401k match - This is an easy one. Even if money is tight, you can always get the free match and take a hardship withdrawal in the future. Check your vesting schedule on this as well. But, free money. 2️⃣ Use a Health Savings Account if you are healthy. Even though a lot of noise has been made around HSAs, the truth is, that it is still underutilized. 3️⃣ Access to group legal work - Many companies offer a discounted program to help you set up a will or trust for only a few hundred dollars if used that year. You may or may not need a more robust plan in the future, but at least this solves for the no plan now. Check your company benefits. You may be leaving a lot of great resources unused!

Here are 3 things I often see people missing out on with their workplace benefits. 1️⃣ 401k match - This is an easy one. Even if money is tight, you can always get the free match and take a hardship withdrawal in the future. Check your vesting schedule on this as well. But, free money. 2️⃣ Use a Health Savings Account if you are healthy. Even though a lot of noise has been made around HSAs, the truth is, that it is still underutilized. 3️⃣ Access to group legal work - Many companies offer a discounted program to help you set up a will or trust for only a few hundred dollars if used that year. You may or may not need a more robust plan in the future, but at least this solves for the no plan now. Check your company benefits. You may be leaving a lot of great resources unused!

Great idea! How would you allocate your pay, to improve your financial wellbeing. Let us know! Pay yourself First is one of the best ways to save. Most people apply the concept when the money hits their bank account. It is more effective if we don't even see it. Employers have a big role to play in our financial success, beyond just paying the wages.  How can we do more to help employees at the source of the money? Let us know what you do for your team. To Understand More and Do More With Your Money see www.insidemymoney.co.nz #savemoney  #payyourselffirst  #financialsuccess #income #moneytips https://lnkd.in/gzRCxqwr

The IRS has issued guidance on pension-linked emergency savings accounts (PLESAs), which were authorized under the SECURE 2.0 Act. PLESAs allow employees to save for financial emergencies, with key features including eligibility for all employees, contribution matching, and a maximum balance of $2,500. PLESAs are treated as designated Roth accounts, meaning contributions are made with after-tax dollars and withdrawals are generally tax-free. Small business owners should review this guidance to understand the rules and potential benefits of offering PLESAs as part of their employee benefits package.

Are you going to make a New Year’s #resolution to save more money in 2024? Many workers will. But how will 2024 be any different for them to accomplish that? Let’s enable them with the HOW to finally make that happen… right at the source of their income. The momentum of Emergency Savings Accounts as an employee benefit is undeniable. Each week there are new articles talking about this tactical solution for improving financial outcomes for workers - and providing a compelling ROI for employers to boot! Happy to have been invited to participate in this latest piece from Indeed on the #ESA overview. Life isn’t about to get cheaper - the short term, immediate needs (especially the unexpected financial shocks) are only going to become more dire, for everyone. Here’s to making 2024 a whole lot sunnier for workers of all incomes! 👏 Shoutout to ☕️ Scott Pooch for your insights in this piece as well. Very glad to be in your company here. 🙏 #emergencysavings

Discover how life cover can be a tax-efficient benefit for directors and employees. Expert financial advisor Daniel Payne from Golden Oak Wealth Management explains the advantages, structures and tax savings associated with this valuable employee benefit. Full article 👉 https://lnkd.in/e5jXQJEK #financialplanning #taxsavings

I have written another article for Cottons Group Accountants. This month relates to relevant life cover, which is an amazing tax benefit for business owners and their employees to have personal life cover. If you require advice, please get in touch with us at Golden Oak Wealth Management. #wealthmanagement #independentfinancialadvice #businessowners

Whenever you change jobs, or get a promotion, you should check whether your death-in-service benefit has changed. It takes a matter of minutes online, or a quick call to HR. But it could make a big difference to your family’s financial wellbeing – and their IHT bill. #deathinservice #financialprotection #peaceofmind #justask