Good news for employers who offer student loan repayment benefits to their employees! The IRS recently issued a guidance that employers can link their contribution amounts to employees’ 401(k) plans to student loan repayment plans, under certain conditions. The contributions could be matched to what...
By Lorraine Roberte There is a growing concern that America’s Millennials (adults currently 25 to 35) aren’t saving enough for retirement. A report for the National Institution on Retirement Security states that 66 percent of working Millennials and 83 percent of Millennial Latinos have nothing saved...
By Roxanna Coldiron According to Pew Research, Millennials are going to outnumber all other generations in the workforce by 2019. The Baby Boomer generation (aged 54 to 72) and Generation X (aged 38 to 53) are still part of the labor force, and Generation Z (current...
By Roxanna Coldiron We have student loans. In fact, there are 44.5 million other people in the United States who are in the same boat; and collectively, we owe $1.5 trillion in debt. The six-month grace period after we graduate from college buys us some...
By Roxanna Coldiron This is the typical hiring process in today’s world: Employers write an employment advertisement that they post on their career pages and outsource to job boards. A computer system goes through the applications and ignores any candidates that do not have the exact...
By Lorraine Roberte Sixty-nine percent of those living in the U.S. have less than $1,000 in their savings accounts, and 34 percent of those are living paycheck to paycheck. Having an emergency fund in place avoids the financial yo-yo and accompanying panic of unexpected purchases. Many...
This fall, get a jump-start on your finances with this reading list. Not every book will work for your situation, but you can get ideas on how to manage your own finances, create your budget or save for your future goals. You can also discuss...
By Roxanna Coldiron Let’s imagine a tale of two companies. In the first company, management prefers to micromanage employees and will fire anyone who makes a mistake, even the smallest one. The second company allows employees to make many of their own decisions about their work...
Wellness programs are the “hot, new benefit” for good reason. Employees love employer-sponsored benefits that improve their health or financial situations, and employers get to see higher retention rates and happier, more productive employees. However, before designing wellness benefits, employers also need to ensure that...
By Roxanna Coldiron Sometimes employers make the mistake of wanting an out-of-the-box Perfect Employee. This imaginary employee knows all of the processes from the first day, as if the new hire had been part of the team from inception. In the employer’s mind, the financial and...