Updates

HRA vs. HSA Calculator

Oct 29th, 2019

One key decision for Lilly employees during open enrollment is what health insurance plan you will use next year. You can choose from the HRA (Health Reimbursement Account) or the HSA (Health Savings Account). These two plans are very much the same in what they cover. The differences are in the premium, deductibles and out-of-pocket … more »

Americans spend 7,000% more time watching TV than they do on their finances

Oct 29th, 2019

Watching TV is a lot more fun than going through your bank statements. But only one of them is going to help you reach your financial goals and retire on time. And it isn’t watching “Keeping Up With The Kardashians.” We spend on average about 70 times as much time a month watching TV as … more »

GE freezes worker pensions — what to do if your employer changes the terms of your retirement plan

Oct 23rd, 2019

General Electric is pulling the plug on its pension plan, and that’s a surefire way to derail workers’ retirement planning. GE GE, +0.72% announced earlier this month it was freezing pensions for 20,000 employees with salaried benefits in an attempt to reduce its $8 billion pension deficit, and that it would also freeze supplementary pension … more »

7 Ways to Fix a Flawed 401(k) Strategy

Sep 25th, 2019

Workplace retirement plan investments ballooned in the last decade. The average 401(k) balance increased by more than 450% between 2009 and 2019, according to Fidelity Investments. Meanwhile, the average 401(k) return reflects the stock market volatility of recent years. Vanguard’s How America Saves 2019 report found that the median 2018 return was a 6.5% loss, … more »

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