“Benefits and Deductions”. . .
The Department of Labor “Savings Fitness” guide provides information on saving for the most expensive thing you will buy in your lifetime — your retirement. Financial planning is the key to making your secure retirement a reality.
Benefits.gov provides access to over 1,000 federally funded benefit and assistance programs including federal grants or education and training programs. Do a quick search, discover your benefits eligibility and learn how you can apply for assistance.
The Department of Labor’s 'Top 10 Ways to Prepare for Retirement' provides 10 steps to get you started on saving for retirement, as well as additional tools and resources. Saving now can help ensure you are financially stable when you are ready to retire.
The "IRS Withholding Calculator" helps you determine the right amount of federal income tax you should have deducted from your paycheck each month. This may keep you from owing taxes at the end of the year or paying too much tax out of your paycheck during the year.
Some employers offer flexible spending arrangements as part of their benefit program. An FSA is a great option for some employees. Determine if an FSA makes sense for your family before deciding to enroll.
Employer-paid benefits can amount to one-third of your annual income, so it's important for you to understand and review them carefully and treat them as valuable financial considerations.
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