Key Takeaways:
Employees should regularly review their paychecks to ensure accuracy in payment, bonus, commission, and benefits.
Overlooking your pay statement can lead to undetected errors, resulting in financial losses or unanticipated tax outcomes.
Ensuring correct 401(k) contributions and health insurance deductions are vital for long-term financial planning.
Annual or frequent paycheck reviews can prevent unwanted surprises during tax...
Key Takeaways:
- Employees should regularly review their paychecks to ensure accuracy in payment, bonus, commission, and benefits.
- Overlooking your pay statement can lead to undetected errors, resulting in financial losses or unanticipated tax outcomes.
- Ensuring correct 401(k) contributions and health insurance deductions are vital for long-term financial planning.
- Annual or frequent paycheck reviews can prevent unwanted surprises during tax season or when needing insurance coverage.
- Taking personal responsibility in financial matters can protect and enhance one's wealth-building journey.
Chapters:
Timestamp Summary
0:57 Springtime Strategies for Wealth Building Simplified
1:39 Employee Oversight of Payroll and Benefits
4:15 Health Insurance Enrollment Oversights and Paycheck Checks
4:37 The Importance of Regular Paycheck Reviews
5:09 The Importance of Monitoring Paychecks and Benefits
5:41 Ensuring Paycheck Accuracy Through Personal Responsibility
6:38 Educational Caveats in Financial Advice and Performance
Powered by ReiffMartin CPA and Stone Hill Wealth Management
Social Media Handles
Follow Phillip Washington, Jr. on Instagram (@askphillip)
Subscribe to Wealth Building Made Simple newsletter
https://www.wealthbuildingmadesimple.us/
Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!
WBMS Premium Subscription
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
View more
