Overcoming Debt
This webinar will address the different types of debt and how you can work towards living a debt-free life. Topics discussed include:
- The difference between good debt and bad debt
- The impact of interest charges
- Managing your spending habits
- Creating good saving habits
Living Off Your Paycheck
Straight-forward, no-nonsense advice for making ends meet. This webinar goes over goal-setting and how your money beliefs can affect the way you save and spend. Guest presenter, Certified Financial Planner, Drew Waterbury, also covers:
- How to reduce debt
- The difference between “meat” and “gravy”
- How to increase your wealth
- The impact of interest charges
- Managing your spending habits
- Creating good saving habits
Financial Bootcamp
This three-part webinar series provides the knowledge and tools you need to relieve financial stress caused by uncertainty and confusion. Participants will leave with their own personal financial priorities that will enable them to make smart decisions.
To access these Lifecare webinars at your convenience, log on to Lifecare and search for webinars. Then, look in the left-hand column for the Finance category to find the topics mentioned above.
Good News from the IRS
As a reminder, the Internal Revenue increased contribution amounts for both 401(k) plans and Health Savings Accounts (HSA) for 2020:
- $3,550 for employee-only coverage which includes Pearson’s $500 contribution
- $7,100 for family coverage which includes Pearson’s $1,000 contribution
- The 401(k) limit for 2020 is $19,500
Growing older has its advantages!
- If you are 50 or older in the calendar year 2020, you qualify to make elective catch-up 401(k) contributions. For 2020, this amount has increased to $6,500.
- If you are over age 55, you can contribute an extra $1,000 to your HSA beyond the limits above for calendar year 2020.