article thumbnail

How HSAs can transform retirement planning and your common questions

WEX Inc.

Many Americans invest and prepare for retirement the same way they did decades ago, but what worked 40 years ago might not be the best approach today. Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. Why HSAs for retirement planning? The missing retirement solution?

article thumbnail

IRS raises HSA limit for 2024 with record increase

HRExecutive

With inflation sitting at lofty levels post-pandemic, the Internal Revenue Service is raising the annual contribution limit for Health Savings Accounts by more than 7%, marking a record increase. - Advertisement - “The IRS has made inflation adjustments to the HSA since 2004.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

From Financial Literacy to Financial Capability Month: Understanding the Shift

EverFi - HR

This shift is important, because the world has changed since the first Financial Literacy Month designation in 2004. In April, the United States observes National Financial Capability Month, previously known as National Financial Literacy Month since its inception in 2004. What is National Financial Capability Month?

article thumbnail

Financial Literacy: The Missing Piece in Your Employee Benefits Puzzle

Payactiv

Financial Literacy Month was established in 2004 to recognize the importance of teaching individuals fundamental financial concepts such as budgeting, borrowing, taxation, and other aspects of personal financial management. Assess Their Financial Wellness Needs Ask employees what they want to see in a financial wellness program.

article thumbnail

5 Culture Trends for 2019

As we approach 2019, major shifts in the work environment will continue to affect the ways companies do business. Companies that are looking to attract, engage, and retain top talent should leverage these trends to create workplaces where employees thrive.

article thumbnail

National Employee Benefits Day 2024: Which Benefits Foster Belonging?

Extensis

National Employee Benefits Day , created in 2004 by the International Foundation of Employee Benefit Plans (IFEBP), aims to highlight the importance of employee benefits. 94% offer a retirement savings plan to their employees, and 84% provide a matching contribution. 62% of organizations allow staff to work remotely at least sometimes.

article thumbnail

HOW BEING A FORMER WAR CORRESPONDENT PREPARED ME FOR THE CHALLENGES OF COVID-19

Thrive Global

From 1998 to 2004, I was a war correspondent in Colombia. Until 2004, when Mono Jojoy, who, at the time, was one of the most brutal FARC leaders, revealed a list of reporters. I arrived in 2004. But take it from a retired war journalist turned entrepreneur, better things await us. I covered drug trafficking and terrorism.