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How Financial Wellness Programs Can Benefit Employees and Employers

Success

Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. In 2022, YNAB launched a financial wellness benefits package for employers that includes access to online classes, workshops and more.

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What Is a Health Savings Account?

Success

They let you cover medical expenses like copays and deductibles while providing a tax break and helping you save for the future. Not everyone has access to these plans, but if you do, they can be invaluable for preparing for future medical expenses. For 2022, the minimum deductible is $1,400 for an individual and $2,800 for a family.

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Climate Protection Could Soon Be Part of Your Employee Benefits Package

Success

From 2018 to 2022, 89 extreme weather events caused more than $1 billion in damage, which averages out to one every three weeks, according to the 2023 U.S. 401(k) hardship withdrawals and expedited insurance payments For those in a real financial crunch, having the option to withdraw money from a retirement plan early can be a lifeline.

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Have a Strategic Plan So You Can Cash Out On Your Terms

Success

Listen to this week’s episode of the rich & REGULAR podcast about our new book, Cashing Out , available on June 14, 2022, and keep reading for some thoughts about developing a strategic plan to cash out of your job on your terms. Include a buffer for inflation, rising medical and prescription costs and unexpected emergencies.

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How My Experience as a Black Entrepreneur Shaped My Views on Building Financial Freedom

Success

Instead, in an effort to avoid conflict altogether, they are far more likely to quit, which could have a negative impact on their earning potential, retirement account contributions, health care coverage and other financial employee benefits. This article originally appeared in the November/December 2022 issue of SUCCESS magazine.

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From the Archives: What It Means to Be a Precedent Breaker

Success

Editor’s Note : In 2022, SUCCESS celebrates 125 years as a magazine. This article originally appeared in the March/April 2022 Issue of SUCCESS magazine. Since its inception, it has stayed true to its purpose: to provide its readers the tools, the inspiration and the recipe for improving their lives.

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Want To Be a Freelancer? Here’s How to Get Started

Success

According to McKinsey’s 2022 American Opportunity Survey , 36% of employed respondents (equal to 58 million people) were independent workers, a figure that included gig workers and freelancers. If that idea appeals to you, you’re not alone. That number is predicted to climb to more than 90.1 million by 2028 , according to Statista.