Changing jobs? Understand your total benefits package and make a plan to continue coverage. COBRA lets you keep health coverage after a job change but at 102% of the premium. Contact your 401(k) plan provider to discuss options for your retirement assets. The prospect of losing your benefits can be one of the most stressful parts of leaving your job, but it doesn't have to be.
Saving money is something that most people struggle to do. Recent studies have shown that 40% of Americans don’t have enough money to cover a $400 emergency and only 39% have enough money saved for a $1,000 emergency. No matter how much you make or how secure your overall finances may be, here are some tips and inspiration to put your savings on autopilot!
America is aging, and families are looking for innovative ways to take care of loved ones dealing with age-related health challenges. Approximately 34.2 million Americans are serving as family caregivers, and 15% of these are remote caregivers. New technologies make it easier to monitor your loved one's health and safety, even from afar.
Goldman Sachs, one of Wall Street’s best-known names in investment banking, in 2016 expanded its offerings into consumer banking with Marcus by Goldman Sachs. Marcus, an online bank, offers high-yield savings accounts, high-yield certificates of deposit (CDs) and no-fee personal loans. As of October 2019, Marcus had $50 billion in deposits.
Goldman Sachs is known as one of the most prestigious Wall Street firms. Marcus has a relatively approachable, “can-do” brand image centered on the goals of helping people achieve financial well-being and be smarter with their money.
The provisions of the SECURE Act have a major impact on estate planning. Certain non-spouse beneficiaries of IRAs and 401(k)s are now required to withdraw the funds within 10 years, with potentially significant tax consequences. A financial advisor or estate planning professional can help you evaluate your options.
Climate change is usually described as an environmental problem, but the impact of climate change poses many significant challenges to businesses too. Organizations in all sorts of industries — from food and beverage to tourism, transportation and insurance — are affected by the potential impact of climate change.
Artificial intelligence, also known as AI technology, has been one of the most talked-about and frequently misunderstood developments of digital technology. AI is often described as being a mysterious, even scary or "all powerful" force — some commentators worry that AI, such as self-driving cars, could eliminate jobs and disrupt society. But there are many ways that AI is creating positive impacts, by boosting productivity and elevating the human element at work.
Paycheck laws differ by country, and some countries have much stricter or complicated protections for employees. Finance leaders and other executives need to be prepared to take a nuanced approach when aligning their payroll expectations throughout the organization, depending on the countries or regions where employees are located.
Here are key points to keep in mind when managing compliance with payroll regulations in various international locations.
Check your new tax brackets — depending on your income, you may be receiving a tax cut; unless you live in a state with high local taxes. Be prepared to adjust the withholdings on your W-4 form to put more money in your take-home pay. What to do with your tax windfall? Save it for retirement.
What is financial wellness, and what does it mean for your life? Most people understand that they have to budget, save and prepare for the future, but they aren't always sure how to put it all together to achieve a state of overall financial well-being.
Being "well" financially is the total picture of your financial health, including how your financial situation affects your stress levels and overall mental and physical health. Financial wellness is not a destination, but a constant journey. Learn more...
Finding, recruiting and retaining the right finance talent is a constant challenge for finance leaders. But there are ways to create an effective talent agenda. According to The Wall Street Journal (WSJ), Charles Holley, former CFO of Wal-Mart and current independent senior advisor at Deloitte's CFO Program, has leaned toward adopting an "open-to-spend" policy on talent management in order to keep the finance team's skills relevant.
An increasing number of business are are disclosing workforce data to investors, such as employee engagement and turnover, often in response to requests from investment groups for increased transparency.
In the world of financial services, many people hear the word “trust” and assume that it's only for wealthy people. Isn't setting up a trust something that's only for high net worth families with complex finances?
The truth is, setting up a trust — whether it's a revocable trust or an irrevocable trust — is useful to more people than you might expect. Learn more about how a trust can help you plan for the future and protect your family.
In this age of online banks and fintech mobile apps, it might seem strange that anyone would claim to need a brick-and-mortar bank. Aren’t traditional brick-and-mortar banks going the way of the rotary phone and the Rolodex? Not so fast. There are still some good reasons to keep literally "going to the bank."
Certificates of deposit (CDs) are a popular savings vehicle for people who want low-risk investments that offer higher yields than traditional bank savings accounts, while still having the protections of the Federal Deposit Insurance Corporation (FDIC).
Learn more about when CDs are the right place for your savings - and when they might not be the best move.