Many businesses offer personal finance tools that may help employees manage their wealth. Preparing and saving for retirement is defnitely crucial, as Americans are approximately $6 trillion less than where they should be. Most employers offer a version of a a 401(k) program but you can find additional perks to consider. This article has been shared by Bubel CPA. You can find Bubel CPA by searching for Dallas accountant.

Life and disability insurance may be offered and rates are usually less than when you buy the insurance yourself. However, maximums will often be low so it’s wise to make use of this as a form of supplement to what you have now. Some employers even offer $50,000 to $100,000 in life insurance at no cost as a result of enrolling. Purchasing coverage on your spouse (particularly when one of you stays at home) is always worth thinking about.

Emergency assistance programs help employees with personal problems that include bankruptcy or depression. They are simply hotlines and so the operators can provide referrals when necessary. Information is kept confidential.

Some employers can also offer employee stock option or stock ownership plans. They allow you to be awarded stock options as bonuses or you may be able to purchase them with part of your paycheck. You don’t usually receive a discount on the price, so it’s best to pay attention to where the company is headed and how solidly it has performed before making an investment. Many studies have shown that workers who own stock in their company are more satisfied because they feel like they are part of the team and sharing in the profits of the company.

The latest service which has popped up is HelloWallet, which provides personal tools that will help employees build wealth by examining their current financial situation. It employs tactics that include peer pressure and shows trade-offs to motivate the person. It alleges to have improved savings by 80% on average.

Employers can also offer tools to help manage investments through your 401(k). They are usually available through the employer or your 401(k) administrator. Whether you are satisfied with your financial situation or you feel that you could use some guidance, be sure to take advantage of the free services offered through your employer. At worse, you will discover that you are exactly where you need to be financially.

Buble CPA is a full-service accounting firm in Dallas dedicated to providing our clients with professional and personalized service. Tag: cpa Dallas