Skip to main content

Guest Kate Horrell shares her insights on optimizing your employer benefits, with no limits

VirtForce supports milspouses in the full spectrum of work, from remote gig-based and project-based work all the way to on-site hourly and salary work. That’s why we are kicking off a series where military spouses can understand what their retirement savings plan options are no matter where they fall on the work spectrum. In Part 1 of this series, we have accredited financial advisor, Kate Horrell, revealing the secrets to maximizing your company’s retirement savings plan as a W-2 employee. 🤑 Don't let these money-makers slip through your fingers; hit that play button now and start building a secure financial future. 💰 00:00 🚀 Intro 01:00 💼 Meet Accredited Financial Advisor Kate Horrell 01:34 💯 VirtForce Supports Milspouses in the Full Spectrum of Work 02:08 💰 Retirement Savings Plan Options for W-2 Employees 02:37 🤑 Defined Contribution Plans - 401k, 403b, and 457s 03:14 💸 Traditional Tax Treatment 03:28 🏦 Roth Tax Treatment 04:31 💵 Pensions 06:26 👛 Employer Matching 07:55 📝 Make Sure You Get the Deets Links and Resources Kimber Hill LinkedIn: Kate Horrell LinkedIn: Ep. 142 Are Travelers' Benefits the G.O.A.T.?: Other topics in this video: investing - finances - retirement planning - annuity - retirement portfolio...(read more)
LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA
Maximize Your Employer Benefits No Cap (guest Kate Horrell) When it comes to managing your finances, one area that often gets overlooked is the benefits package offered by your employer. Many employees are unaware of the full range of benefits available to them, or they may not understand how to make the most of these offerings. This is where Kate Horrell, a financial expert, comes into play. Kate Horrell is a renowned financial writer and military money expert, known for her ability to break down complex financial topics into practical and easy-to-understand advice. In a recent interview, she shared her insights on how employees can maximize their employer benefits without any limitations. One of the first things Kate highlighted was the importance of thoroughly reviewing your benefits package. She urged employees to familiarize themselves with all the benefits offered, ranging from health insurance and retirement plans to flexible spending accounts and wellness programs. By understanding what is available, individuals can make more informed decisions about which benefits are most valuable to them. Next, Kate emphasized the significance of taking advantage of employer-sponsored retirement plans, such as 401(k) or 403(b) accounts. These plans often offer employer matching contributions, which can significantly boost retirement savings. To maximize this benefit, Kate advised contributing at least enough to receive the full matching amount from your employer. By doing so, employees benefit from free money, as they are essentially doubling their contributions. Health insurance benefits were another area that Kate emphasized. She stressed the need for employees to carefully review the various health insurance options available and choose the plan that best suits their individual needs. Additionally, she noted the importance of understanding the other benefits attached to health insurance, such as wellness programs or telemedicine services. Utilizing these additional offerings can not only improve overall health but also save money in the long run. In addition to health insurance, Kate also mentioned the significant savings potential present in flexible spending accounts (FSA) or health savings accounts (HSA). FSAs allow employees to set aside pre-tax dollars to pay for qualified medical expenses, while HSAs offer a triple tax advantage. Kate encouraged individuals to take advantage of these accounts, as they can reduce taxable income and provide substantial savings on medical expenses. Lastly, Kate discussed the value of utilizing employer-provided education assistance or professional development programs. Taking advantage of these benefits can not only enhance an employee's skillset and future career prospects but also save significant amounts on educational expenses. She emphasized the importance of constantly investing in yourself and your professional growth, as it can pay dividends in the long run. In conclusion, Kate Horrell offers valuable advice on how to maximize your employer benefits without any limitations. By reviewing the benefits package thoroughly, taking advantage of retirement plans and health insurance options, utilizing flexible spending accounts or health savings accounts, and investing in personal growth, employees can optimize their employer benefits and improve their financial wellbeing. So, don't let those valuable benefits go to waste, and start leveraging them to their full potential today. https://inflationprotection.org/guest-kate-horrell-shares-her-insights-on-optimizing-your-employer-benefits-with-no-limits/?feed_id=140925&_unique_id=65170abdac9c4 #Inflation #Retirement #GoldIRA #Wealth #Investing #annuity #employerbenefits #Finances #investing #KateHorrell #KimberHill #MaximizeYourEmployerBenefits #MaximizeYourEmployerBenefitsNoCap #military #militaryspouse #navy #Navyspouse #Nocap #retirementplanning #retirementportfolio #VirtForce #SimpleIRA #annuity #employerbenefits #Finances #investing #KateHorrell #KimberHill #MaximizeYourEmployerBenefits #MaximizeYourEmployerBenefitsNoCap #military #militaryspouse #navy #Navyspouse #Nocap #retirementplanning #retirementportfolio #VirtForce

Comments

Popular posts from this blog

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'