Saving for retirement is the most boring thing you can imagine. You set aside money, don’t look at it, and hope it grows. Employers know this, which is why 401(k) and 403(b) accounts are so popular. 401(k) plans are sponsored by corporations and other employers, while 403(b) plans are offered by non-profits, medical facilities and educational institutions. Though they do … Read More
How Much Income Will You Really Need in Retirement?
Have you spent any time envisioning what your retirement will look like? I have. Here’s our ideal plan. My husband retires from his company when our youngest heads off to college. Then we sell our home and move to the mountains. “The mountain home I don’t have,” as I call it, will be smaller than our current home, very energy … Read More
Total Compensation: Understanding Benefits Packages in Your Job
At this time of year, you probably receive your benefits package from your employer. As you evaluate them, don’t overlook their value as you consider your overall compensation. According to the Bureau of Labor Statistics, benefits accounted for around 32% of employer costs of compensation in 2019, with salary making up the other 68%. Put another way, the total compensation … Read More
To Work, or Not To Work: An Argument for Following Your Passion
“Choose a job you love, and you will never have to work a day in your life.” -Confucius As we head into the Thanksgiving season, I looked back at the times in my life that things were going really well, and the other times when life was handing me lemons. I noticed that when I was working in jobs where … Read More
Happy Benefits Season
As we head into fall, we also run into a string of holiday delight. It begins with a ghoulish Halloween, then family Thanksgiving, the entire six week Christmas run, followed up by the New Year’s hangover and diet resolutions. Despite all the craziness and fun of the season, there’s another date that you should be looking forward to: the start … Read More