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Did you know that money worries are the biggest cause of stress for UK employees? The case for financial wellbeing at work is compelling and the Money and Pensions Service and Wave Community Bank have partnered together to raise awareness and provide a practical solution for local authorities, businesses and charities in the UK . Find out more at this practical Webinar at https://zurl.co/rKT9 #bankonwave #stress #moneyworries #workpaces #business

Did you know that money worries are the biggest cause of stress for UK employees? The case for financial wellbeing at work is compelling and the Money and Pensions Service and Wave Community Bank have partnered together to raise awareness and provide a practical solution for local authorities, businesses and charities in the UK . Find out more at this practical Webinar at https://zurl.co/rKT9 #bankonwave #stress #moneyworries #workpaces #business

Did you know that money worries are the biggest cause of stress for UK employees? The case for financial wellbeing at work is compelling and the Money and Pensions Service and Wave Community Bank have partnered together to raise awareness and provide a practical solution for local authorities, businesses and charities in the UK . Find out more at this practical Webinar at https://zurl.co/rKT9 #bankonwave #stress #moneyworries #workpaces #business

In 2023 we saw significant changes to scheme funding positions, driven by contributions, much higher gilt yields and falling life expectancies. Have you made significant progress on your journey? Tell us about it in our DB pension scheme survey. Click here to take part: https://bit.ly/3TaF0ao

We are now working with Plain Numbers Partners from across Financial Services, Utilities businesses, firms in other sectors and a few charities - but have drawn a blank so far on the public sector. This is despite us all receiving written communications from government that are far worse than the baseline communications from the five firms in our original Plain Numbers trials. Johnny Timpson OBE is right to call out the discrepancy between the way in which firms in regulated sectors are approaching vulnerability - and the glacial pace of change at DWP. There are some knotty issues to address - but a starting point is making communications as clear as they can be - and we can help here. https://lnkd.in/eH9CkaCF

Good news: Your retirement savings might be higher than ever thanks to the booming stock market! Bad news: Higher balances mean bigger Required Minimum Distributions (RMDs), which can bump you into higher tax brackets and cost you more in Medicare premiums. What can you do? 👍Donate your RMD: Use a "Qualified Charitable Distribution" (QCD) to send your RMD directly to charity, reducing your taxable income. 👍Keep working: If employed, you can skip RMDs on your current employer's plan. 👍Consider Roth conversions: Convert some savings to a Roth IRA to avoid future RMDs and grow your money tax-free. 👍Strategically withdraw: Use tax-free Roth withdrawals to supplement income when needed. 👍Plan ahead: Before tax cuts expire in 2025, consider taking more from your IRA to fill lower tax brackets. Remember: Give us a call for personalized advice on managing your RMDs and tax situation. #retirementplanning #taxtips #rmds #financialplanning

What does a good charity pension scheme look like? As finance leaders our focus is shifting from managing the end game of DB pension scheme buy-outs to ensuring our staff have access to high-quality work provided DC pension schemes. Our responsibility on behalf of future generations to get this one right. This area is a passion of mine and delighted to share my thoughts and "Top Tips" in the latest April 2024 edition of Charity Finance magazine. Special thanks to Rachel Titchen and Jeremy Brown from Broadstone for their collaboration. #CharityFinance #Pensions #NonprofitFinance #RetirementPlanning #DefinedContribution #DefinedBenefit #FinancialManagement #EmployeeBenefits

Maximizing retirement income with Required Minimum Distributions (RMDs)! 💰 Learn how to navigate this crucial aspect of retirement planning and make the most of your savings. #RMD #RetirementPlanning #FinancialFreedom

Solid advice on navigating rising RMDs! But remember, one size doesn't fit all when it comes to retirement planning. While these strategies are excellent starting points, your unique financial situation demands personalized attention. Engaging one of our financial advisors can help you craft a tax-optimized RMD strategy tailored to your goals, income, and risk tolerance. Have you already spoken to a financial advisor about your RMDs? Share your experiences and biggest concerns in the comments below! Together, let's navigate the complexities of RMDs and secure a fulfilling retirement! #retirementplanning #RMDs #financialwellness #asktheexperts

Happy Financial Literacy Month! #financialempowerment #loyalty #financialeducation #financialadvisor #insuranceagent #nonprofit #nonprofitorganization #socialsecurity #medicare #retirementincomeplanning #taxesinretirement #afea #creatingfinancialclarity #financialfreedom #retirement #retirementplanning #financialliteracy #financialclarity #ffe #fiduciary #financialmarketing #community #success