Financial Pros Reveal the Worst Advice They See Online
The internet is home to lots of bad financial advice, from outdated tips given on forums to ill-conceived strategies parroted on blogs, Reddit and in chatrooms. For financial professionals, a few pieces of often-repeated advice are especially wrong and especially popular. Read on for the worst advice financial professional see online. “Debt is terrible, and […]
30% of Employees Can’t Answer This Simple 401(k) Question
Imagine you’re retiring today. You’ve been contributing to your 401(k) for decades, and you’ve built up a strong nest egg. Now what do you do with it? Three in 10 employees don’t have an answer to that question, according to a new study from the Employee Benefit Research Institute. In other words, they’re heading into […]
How To Respond When An Employee Asks, ‘Hey Boss, Can You Lend Me $4,000?’
Sometimes employees’ financial stresses get so intense, they become unavoidable management issues. They can reduce productivity and engagement and increase turnover, healthcare utilization, absenteeism and worse. Employers’ resources for addressing this kind of issue are typically very limited. It’s not unheard of for employees to directly ask their managers for a personal loan to meet […]