Skip to content

[Video] Explaining Employer Benefits

by Financial Design Studio, Inc. / April 9, 2019

[Video] Explaining Employer Benefits

STEPHEN SMALENBERGER, EA ®

So as we’re entering the new year, it’s a great time to review the employer benefits that your company offers you. Especially if it’s a larger company. What do you have? What should you have? And what changes can you make now in a fresh new year?

So there’s three main groups:

Personal

The first employer benefit we’ll call personal. Those are things like health insurance, health savings accounts, vision, dental, retirement, 401Ks.

Protections

The next employer benefit is what we’ll call protection. So those are things that provide for your family when you’re not around. So maybe it’s life insurance. You get some free from your employer, maybe you should buy some more. Buy some for family members, like a spouse or child. There is disability, in case anything happens to you. And then there is long term care, for when you’re older.

Value Add

And the last employer benefit is value add. These are things that smaller companies often don’t have, so this will be a larger company. Sometimes they give you credits to allow you to go work with an attorney to have legal depth documents drafted. Or to work with a financial planner, paying for that for you. Maybe it’s a gym membership, a car, childcare.

These are all things that are benefits to you. You want to be sure  you’re taking advantage of. And at the beginning of a year, it’s a really good opportunity to review that.

Wondering how this affects your financial future? Schedule a call with Michelle and Steve to discuss your portfolio today.

Financial Design Studio Contact Us Deer Park Palatine Barrington Illinois

VIEW MORE VIDEOS FROM FINANCIAL DESIGN STUDIO

fds net worth self worth

Financial Design Studio Financial Timing

Financial Design Studio Year-End Financial Checklist Free

 

Financial Design Studio, Inc.

Financial Design Studio, Inc.

We are financial advisors in Deer Park and Barrington, IL. A team with a passion for helping others design a path to financial success — whatever success means for you. Each of our unique insights fit together to create broad expertise, complete roadmaps, and creative solutions. We have seen the power of having a financial plan, and adjusting that plan to life. The result? Freedom from worrying about the future so you can enjoy today.