We’re thrilled to share our recent feature in PLANSPONSOR which discusses how our partners Huntington Ingalls Industries (HII) and Alight Solutions have been able to significantly reduce 401(k) loan withdrawals by offering Kashable! Read the full story to discover how Kashable is helping to transform employee financial health: https://lnkd.in/eijiANbH #FinancialWellness #EmployeeBenefits #EmployeeSupport #RetirementPlanning
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I’m happy to share that PLANSPONSOR has featured Kashable’s partnership with Huntington Ingalls Industries (HII) and Alight Solutions. The article highlights how Kashable supports HII employees by offering an alternative to traditional 401(k) loans. By providing a smart solution through Kashable, HII has seen a significant reduction in 401(k) loan applications, a boost in financial wellness among employees, and improved retention. Read the article: https://lnkd.in/dsGd6Z9D #FinancialWellness #EmployeeBenefits #EmployeeSupport #RetirementPlanning
Huntington Ingalls Offers Employees Alternative to 401(k) Loans
plansponsor.com
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Unlock the power of 401(k) loans to empower your employees' financial goals. Learn everything you need to know in our comprehensive guide! #401k #FinancialWellBeing https://bit.ly/3yb7SbB
401(k) Loans: Everything You Need to Know - California Pensions
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Home or car expenses, and short-term debt, are the top two reasons for Two-Pot withdrawal requests https://lnkd.in/dTUT5a5w Guy Chennells, Chief Commercial Officer at Discovery Limited Corporate and Employee Benefits, reveals two-pot eligibility data as well as rates and reasons for withdrawal requests
Home or car expenses, and short-term debt, are the top two reasons for Two-Pot withdrawal requests
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Principal Officer/ Retirement Specialist/ Client Relationship Specialist/ Compliance and Governance Specialist
Ever wondered why most people chose to withdraw after the Two-Pot system came into effect in South Africa last month? The below article states as follows: “Responses showed that the main reason our claimants withdrew from their savings was to resolve home or car expenses (24%). This was closely followed by a need to pay off short-term debt (21%),” he said. “We found it surprising that a big group of claimants (20%) was using the extra money for education, presumably in the majority of cases for children’s school fees, as well as for day-to-day expenses (11%). Sadly, these are all indications of the cost-of-living crisis faced by so many,”. More details can be noted below.
Home or car expenses, and short-term debt, are the top two reasons for Two-Pot withdrawal requests https://lnkd.in/dTUT5a5w Guy Chennells, Chief Commercial Officer at Discovery Limited Corporate and Employee Benefits, reveals two-pot eligibility data as well as rates and reasons for withdrawal requests
Home or car expenses, and short-term debt, are the top two reasons for Two-Pot withdrawal requests
https://www.ebnet.co.za
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Q&A Bank: Exploring Financial Questions at MoneyWiseDoctor 📘 Something's Brewing at MoneyWiseDoctor! 🚀 As I sift through our work at moneywisedoctor.com and the queries we have received and responded to so far, I'm constantly reminded of the dire need and our role in assisting doctors and healthcare professionals on their financial journey. We've curated over 600 pages of Q&A, addressing pressing concerns on financial planning, investment strategies, pensions, retirement, mortgages, life insurance, smart taxation, and so much more. The recurring nature of these questions got me thinking 🤔: Wouldn't it be fantastic to have a dedicated space for these FAQs? A platform where professionals can easily find answers to specific topics that resonate with their financial queries? So, here's the exciting news: We're in the process of launching a categorized Q&A section on moneywisedoctor.com. A treasure trove of insights, all tailored for you! 📣 Your voice matters. If you have any burning questions on personal finance that you'd like addressed, drop them below. If it's not already in our extensive bank, we'll not only respond but also feature it. Let's make this a collaborative effort! Here's to making financial understanding a little clearer for everyone. 🌱 #financialeducation #moneywisedoctor #FAQ
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With interest rates being higher now than any point we have experienced in the last 10 to 15 years, it’s no wonder that folks are looking for alternative ways to obtain loans and better interest rates. This article caught my eye for two reasons. First, 401k loans were never something that would be considered mainstream or in the best interest of the consumer. I have never seen an article in the WSJ about it and it speaks to the times that we are in with higher rates and inflation. Second, I have a new appreciation for wealth management since joining Alight Solutions. Alight Solutions is one of the largest managers of wealth in the industry with a couple of Trillion dollars under management today across defined benefit (pension) and defined contribution plans (401k). Alight Solutions is uniquely positioned to deliver a better Health and Wealth benefit experience due to our integrated portfolio of benefit solutions. It is invigorating to work for an organization that impacts the lives of so many Americans and their families! https://lnkd.in/eeXtqzcy
When to Treat Your 401(k) as a Bank. And When to Keep It Locked Up.
wsj.com
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PROFITABILITY CONSULTANT at STLPSI: Learn to keep more of the gross annual revenues you generate so that your profitability goes from 10-25% of gross, up to a higher number every year we work together.
10 YEARS TO A TAX FREE RETIREMENT 1. If a person or a business owner deposits $1,000,000 in here, for just 2 years in a row 2. And then uses OPM, other people’s money, to put $1,000,000 in it for the next eight years, 3. Starting a year 11, one can begin pulling out $1,000,000 tax-free the rest of their life #TaxFreeRetirement #InfiniteBankingOnSteroids https://lnkd.in/gszmg_uE
Infinte Banking (BIZ ONLY) | STL Prof. Services
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Considering a 401K loan? Be sure to read this article first and beware of the pitfalls! https://lnkd.in/gGUgnAs7
This financial move should be a 'last resort,' says CFP—but 1 in 5 workers has done it
cnbc.com
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PROFITABILITY CONSULTANT at STLPSI: Learn to keep more of the gross annual revenues you generate so that your profitability goes from 10-25% of gross, up to a higher number every year we work together.
10 YEARS TO A TAX FREE RETIREMENT If a person or a business owner deposits $100,000 in here two years in a row and then use other peoples money to put $100,000 in it for the next eight years Starting a year 11, one can begin pulling out $100,000 tax-free the rest of their life https://lnkd.in/gszmg_uE #TaxFreeRetirement #InfiniteBankingOnSteroids
Infinte Banking (BIZ ONLY) | STL Prof. Services
stlpsi.com
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Take control of your financial future! If your employer offers a 401k match, don't leave money on the table. Max out the match and watch your savings grow faster, bringing you one step closer to financial freedom. Start investing in your future today. #financialfreedom #401k #investsmart #freemoney
How to Allocate Employer-Matching Funds for Financial Freedom
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