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Think twice before choosing any employee benefit plans and perks

Think twice before choosing any employee benefit plans and perks

Finance
Just because your company offers you a brand-new employee benefit, doesn't mean that you have to take it. October kicks off the beginning of benefits enrollment season for many employees, as they sign up for next year's health care plan and life insurance coverage. But the list of potential perks — known as voluntary and fringe benefits — goes beyond the core suite of life and health insurance coverage and 401(k) plans. A June survey by the National Business Group on Health found that about 9 out of 10 large employers offered accidental de...
Choosing how and when to receive pension benefits

Choosing how and when to receive pension benefits

Finance
Pensions were common when it was typical to work for a company for 20 or 30 years and then retire with a gold watch and a full package of retirement benefits. When speaking about retirement savings, there was the “three-legged stool” of retirement income: personal savings, Social Security benefits and a pension. In this retirement-saving strategy, pension and Social Security benefits provided a guaranteed monthly income for the rest of the retiree’s life. Times have changed quite a bit over the last couple of decades. Driven mostly by employers’ desire to reduce their long-term liability exposure, pens...
The biggest risk you face when choosing between a human and a robo-advisor

The biggest risk you face when choosing between a human and a robo-advisor

Finance
The choice you make for how you want to receive professional financial advice can make or break your portfolio.Investors today have four main choices for how they want to receive financial advice, Ron Carson, founder and CEO of the Carson Group, said in an interview with CNBC.com.You can either go the traditional route and work with a human financial advisor or opt to work exclusively with a robo-advisor. Or you can select a bionic offering, which is a combination of both, or choose to work with a financial advisor on a retainer-fee basis.More from Investor Toolkit:Advisors turn to life coaches and counselorsRetirees leave $ 100B in Social Security benefits on tableHow much those advisor fees are costing youThe decision you make should be based on your personal goals, needs and objectives,...
Vulnerable 'playing Russian roulette' choosing care

Vulnerable 'playing Russian roulette' choosing care

Health
Vulnerable people are playing "Russian roulette" when they need care in England, campaigners warn, as a quarter of services are failing on safety.The Care Quality Commission said drug errors, lack of staff and falls were major problems, after inspecting 24,000 services.Nursing homes had the worst problems, with a third falling short on safety.The CQC said the failings across services for the elderly and disabled were "completely unacceptable".The findings mark the completion of the first round of inspections under the "tougher" system launched in 2014 amid concerns problems were going undetected.One million vulnerable people use care services - either getting their fees paid by councils or funding it themselves.More than 200,000 of them live in nursing homes, which had the most serious pro...