What Issues Should I Consider With My Employer-Provided Benefits
What Issues Should I Consider With My Employer-Provided Benefits provides is a comprehensive guide that addresses several key considerations for employees when reviewing their employer-provided benefits. It covers a wide range of topics including retirement plans, medical insurance, life insurance, disability insurance, and other benefits such as stock options and fringe benefits. The document suggests evaluating investment options and allocations, understanding contribution limits and types, assessing employer contributions and their vesting schedules, and considering the tax implications of contributions and distributions. It also advises on reviewing medical, life, and disability insurance options, understanding the cost and coverage, and leveraging Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs). Additionally, it touches on the importance of considering the portability and taxability of insurance plans, the benefits of rolling over old retirement plans, and making the most of fringe benefits and stock options. The guide encourages employees to be proactive in managing their benefits to maximize their value and align them with personal financial goals.
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Robert J. Pyle, CFP®, CFA, AEP® founded Diversified Asset Management, Inc., in 1996 to provide personalized, comprehensive wealth management services to successful individuals, families, single women, and business owners. His specialty is addressing the complex financial needs of self-employed professionals, corporate executives, and small-business owners. Our disclosure can be found here. The views, opinion, information, and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc. Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting, or tax advice.