Take Advantage of Work Perks
Employee benefits are an important part of a total compensation package. Here are some important benefits that may be part of your package.
Helping You Retire
If your employer offers a match to your 401(k) contributions, be sure to contribute enough to take advantage of the entire match. If you receive a raise, consider adding an extra percent until you receive the maximum contribution allowed. Some employers offer employee stock programs or discounts on company stock.
Protecting Your Future
According to a report by the Social Security Administration, one in four people in their 20s working today will become disabled before retirement age. Your employer may offer disability or life insurance to help protect you when you need it most.
Caring for Your Health
Understand your health, dental and vision benefits when enrolling and review your choice at least annually or when you have a life event. Take advantage of Flexible Spending Accounts (FSAs), which can help with taxes. Some employers even offer discounts for gym memberships.
Take these steps to make sure you’re maxing out your employer’s benefits:
- Review your employee benefits at least annually.
- Reach out to your HR representative and ask if there are any commonly overlooked benefits.
- Meet with a financial advisor at TFCU Financial Advisors to learn how your employee benefits fit into your overall financial plan.
TFCU Financial Advisors
6501 Tinker Diagonal, MWC