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Beyond the jargon: what insurance benefits really mean to your team

Workplace Insight

Offering a comprehensive employee benefits package is more important than ever, and Drewberry’s 2024 Employee Benefits And Workplace Satisfaction Survey found that a fifth of employees want insurance to protect their loved ones. So whenever you see “Group” before an insurance name, it means it’s for employees, paid by your business.

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Do I Need to Buy Life Insurance?

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Buying life insurance isn’t usually fun, but it can be vital to your financial plan. If there are people in your life who rely on your income, life insurance can be essential to ensure that they are protected. Figuring out whether you need life insurance and what type that will work best for your family can take some thought.

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A Millennial’s Guide to Finances: 5 Things to Start Before You Turn 30

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However, important skills like when and how to manage your finances don’t come naturally to many. List out your purchases in an Excel spreadsheet at the end of each month and place each transaction into a bucket. Get detailed and introspective to evaluate which purchases are legitimate needs vs. nonessentials.

Finance 111
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3 key investing tips for early-career professionals

Work Life

It’s much easier to make a single decision to set money aside than make repeated decisions about your finances with every pay cycle. Invest in Long-Term Disability Insurance As a young adult, your greatest asset is your future earning potential. and own 155 shares after six months.

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A brief guide to affording eldercare for aging parents

Work Life

State Health Insurance Assistance Program (SHIP): This nationally available government program offers one-on-one counseling and assistance with Medicare and Medicaid. The best time to purchase this insurance is typically prior to age 60 , as the premiums can become prohibitively expensive with age.

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5 Long-Term Financial Goals and How to Achieve Them

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These goals provide motivation, direction and discipline when managing your finances. Most people use a mortgage to buy real estate, but many mortgage lenders ask for at least 20% of the purchase price as a down payment. Long-term financial goals are your money objectives that will take more than a few years to achieve.

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The Rocket Money App Can Help Bring You One Step Closer to Financial Freedom

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But without the right tools, tracking every purchase can feel tedious. Just connect your bills, and the app’s team will work to lower costs of monthly expenses like cell phone bills and car insurance. Plus, if your bank ever charges you overdraft or late fees, Rocket Money helps you get those refunded, keeping your finances in check.

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