6/19/2023 0 Comments Fidelity mymoney checkup![]() ![]() ![]() More information on HSAs, HRAs and FSAs can be found here.Īnd don’t forget, the Healthy Boiler Program rewards you extra HSA/HRA dollars each year through the Healthy Boiler wellness incentive.Ī free service provided by the Division of Financial Aid (DFA), Purdue MyMoney can be used as a resource for those in the Purdue community who have financial literacy questions and looking for helpful ways to handle financial situations faced in everyday life. To learn more about HSAs, see the following videos: To learn more, review HSA Bank’s “ HSA Self-Directed Investment Options” web page. Plus you can upload photos of receipts, use the scanner to check for eligible expenses, make a payment and more.Īdditionally, HSAs are interest-bearing accounts, which means you have the opportunity to potentially increase your funds by taking advantage of investment options. The HSA Bank mobile app adds a level of convenience to managing your account. To help employees better understand these accounts, the “ How Health/Dependent Care Spending Accounts Work” pdf is available to review. Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA) and Flexible Spending Accounts (FSA) let you use pre-tax dollars to pay for qualified healthcare expenses. HSA Bank Purdue partners with HSA Bank to administer our HSAs, FSAs and HRAs. To register for an upcoming session, click here.įor general questions, Fidelity can be reached at 80. Join Fidelity representatives for an open question-and-answer session on the Purdue University Retirement Program. To schedule a one-on-one appointment, call 80 or schedule online. Explaining your options for taking money from your account(s) at retirement.Developing a comprehensive investment strategy.Helping you enroll in defined contribution or voluntary savings retirement plans.The service is complimentary and planning partners are welcome to join. One-on-One Consultations with Fidelity retirement planners Note: Email from Fidelity will come from "Your Benefits Center." Read messages from Your Benefits Center to keep up-to-date on important retirement plan news. Resources available to department heads and supervisors are outlined here. Plus, there is an online chat function available where you can chat with a Fidelity representative right then and there. From personalized suggestions to improve your retirement to a library containing financial information in a variety of formats – articles, videos, workshops, infographics, podcasts and calculators and tools – there are sure to be topics of interest for everyone. In addition to your specific retirement account information and alerts, this website provides a plethora of resources to help you get and keep your financial health in top shape. Don’t worry if you can’t remember – or if you haven’t registered as a user yet – it’s quick and easy to do from the main screen. To log in, you will need your NetBenefits username and password. The Fidelity NetBenefits website provides you with information specific to your employee retirement benefits at Purdue. Fidelity’s Financial Health: Know your vital signs article provides information to help improve your overall financial health. To learn more about budgeting, borrowing, savings, investing and preparing, visit. Take the Financial Wellness Checkup to get started. Fidelity research shows that sticking to the 50/15/5 budget can help you maintain financial stability now-and down the road.Fidelity Fidelity is Purdue's official provider of education, guidance and assistance related to retirement plan investments and decisions.Īs a Purdue employee, in just 10 minutes you can see a snapshot of your financial wellness, where you stand and how to improve. In the meantime, it can still pay to look for ways to cut back to get as close as you can to the guideline. (Here's how to balance debt, saving, and investing when money is tight.) It could also be tough to meet the 50/15/5 guideline if you're going through a big life moment that comes with extra expenses, such as planning a wedding or expanding your family. It might not be possible to adhere to 50/15/5 right away, especially if you have a lot of debt, are out of work, or don't have an employer match to help you save for retirement. ![]() Use what's left over however you'd like.Stash 5% of take-home pay in a savings account you can tap any time for emergencies, such as medical bills or car or home repairs. Try to save 15% of pre-tax income (including any employer contributions) for "Retired You." Consider allocating no more than 50% of take-home pay to must-haves, such as your mortgage or rent, utilities, groceries, and monthly debt payments. Fidelity's recommendation is to use the 50/15/5 guideline. Once you've listed out your expenses, group them into high-level categories: essential expenses, retirement savings, and short-term savings. ![]()
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