Employee Benefits Blog Post

http://lifeblood.live/wp-content/uploads/2023/02/audio1637961004.mp3 Real Employee Financial Wellness Financial wellness is a great idea in theory, but a failure in practice.    I encourage you to replace financial wellness with financial peace of mind. Most of us don’t want to spend a ton of time thinking about money. Yet currently, most of us [...]

Questions to Ask When Interviewing Retirement Plan Consultants When interviewing potential retirement plan consultants, it’s helpful to know the right questions to ask.   Retirement plans are complex, and depending on your experience, potentially confusing. They’re also important from a recruiting and retention standpoint, and instrumental in helping employees accumulate [...]

What Are Wellness Dollars? Wellness dollars are funds health insurance companies make available to offset the cost of employee wellness programs.    We all want happy, healthy, and productive employees. Our people are the lifeblood of our organizations, and our most valuable resources. And they’re our most expensive.    Healthcare [...]

The Remedy for Financial Sickness and why Financial Wellness isn't a Cure I work in Financial Sickness. That’s right, Financial Sickness.  Seeing Financial Wellness everywhere, it hit me: When someone is sick, they need to get a virus or bacteria out of their system. The wellness part comes later.     [...]

How to set up a 401(k) Daniel Kahneman, a Psychologist, won the Nobel Prize in Economics. He became fascinated by why people make personal finance and investing decisions, and it motivated him to focus his research on it. After releasing his results, he made this damning assessment of the financial [...]

Financial Wellness: Developing a Sustainable Program It’s gotta fit.    Even if the new thing you’re starting is the most beneficial thing in the world, if it doesn’t fit into your life or organization, it won’t last. It won’t be sustainable.    A financial wellness program could be just what [...]

Financial Wellness in the Workplace: 401(k) Plans This is so important; if we don’t save money for our retirement, no one will bail us out.   This is so powerful; we get so many of our most important benefits through our employers.    This is so time sensitive; we need [...]

Financial Wellness at Work: The Underlying Strategy Getting people to take beneficial action is puzzling and difficult.    It’s clear cigarettes are bad for us, yet many still smoke.    Most people understand it’s valuable to spend less than you make, yet a majority live paycheck-to-paycheck.    To help facilitate [...]

Financial Wellness in the Workplace: Key Ideas to Focus On What is financial wellness? Should it be part of your benefits program? If you offer it, how do you make sure it will work?    Simply put, financial wellness is getting clear on how you want your financial life to [...]