Wood Financial Services LLC

Category Archives: Benefits

Have you made your open enrollment elections?

On November 14, 2022, Posted by , In Benefits,Open enrollment, With Comments Off on Have you made your open enrollment elections?

Open Enrollment is ending soon! For many, it ends on Tuesday, November 15th, 2023. Make sure you check out all of my articles on open enrollment, so that you make educated decisions for next year.

Have you done your 2023 math yet?

On November 13, 2022, Posted by , In Benefits,Savings, With Comments Off on Have you done your 2023 math yet?

Last month I posted all of the 2023 account limit information. Yesterday I prodded some of the people I love, reminding them that the information exists. Today one of those people got back to me to announce they’d done the math, determined how much they planned to put away next…

Your enrollment window is closing on your 457b

On June 13, 2022, Posted by , In Benefits,Investing,Savings, With Comments Off on Your enrollment window is closing on your 457b

If you are a highly compensated employee in a non-governmental non-profit, and you have access to a 457b, it’s likely that your enrollment window for your 457b is rapidly closing – June 15, 2022. If your 457b is on the half-year schedule, and you miss this May 1st through June…

Open Enrollment – Do I want any add-on insurances?

On November 5, 2021, Posted by , In Benefits,Open enrollment, With Comments Off on Open Enrollment – Do I want any add-on insurances?

Open enrollment is already a complicated decision making timeframe for many people. Especially these days, with so many people working remotely, there may not be first tier medical providers in your area. To make things more challenging, many companies are adding lots of add-on insurance options to their open enrollment…

I’m not a retiree, what does a 5.9% Social Security COLA mean to me?

On October 15, 2021, Posted by , In Benefits,Social Security, With Comments Off on I’m not a retiree, what does a 5.9% Social Security COLA mean to me?

If you aren’t yet claiming Social Security, it may seem unlikely that you are affected by the announcement on Wednesday about the 2022 Social Security cost of living adjustment. And while that may not have a big impact on you directly, the driving force of inflation behind this COLA could…

Understanding Your Work Benefits

On July 10, 2021, Posted by , In Benefits,Tina in other media, With Comments Off on Understanding Your Work Benefits

This article was originally published in, and has been reprinted with permission from, Retirement Daily. As an employee, you may earn more than one type of compensation. Financial educator and paraplanner Tina Wood-Wentz explains your compensation and work benefits. By Tina Wood-Wentz How are you compensated? A job that’s a…

Understanding Your Non-Profit or Governmental Work Benefits

On July 9, 2021, Posted by , In Benefits,Tina in other media, With Comments Off on Understanding Your Non-Profit or Governmental Work Benefits

This article was originally published in, and has been reprinted with permission from, Retirement Daily. Employee benefits in the private sector differ from those in the non-profit and governmental sectors. Financial educator and paraplanner Tina Wood-Wentz explains these differences. By Tina Wood-Wentz Who works in non-profits or for the government?…

Benefits Implications When You Start a New Job

On July 6, 2021, Posted by , In Benefits,Tina in other media, With Comments Off on Benefits Implications When You Start a New Job

This article was originally published in, and has been reprinted with permission from, Retirement Daily. Timing is key when you start a new benefits-eligible job. You have an opportunity to make benefit elections that you may not ever be able to elect again during your time with that employer. Financial…

On Retirement Daily – Understanding Your Work Benefits

On June 29, 2021, Posted by , In Benefits,Tina in other media, With Comments Off on On Retirement Daily – Understanding Your Work Benefits

On Retirement Daily – Understanding Your Non-Profit or Governmental Work Benefits

On June 29, 2021, Posted by , In Benefits,Tina in other media, With Comments Off on On Retirement Daily – Understanding Your Non-Profit or Governmental Work Benefits