The Senate GOP recently unveiled its ideas for reforming the nation’s tax system, including proposals to change income tax rates and the pretax amount employees’ could contribute to 401(k)s, reduce and make taxable 401(k) catch-up contributions, and eliminate or limit homeowners’ ability to write off state property taxes. Lawmakers currently are pushing toward a self-imposed Christmas deadline to send a bill to the president.
Graduation season is around the corner – we can feel the excitement and anticipation among our young interns here at Businessolver. However, many grads, an astonishing 70 percent in fact, will leave school with not just a diploma. They’ll also have an average $37,000 in student loan debt.
The U.S. job market has improved significantly since the 2007–2009 recession, and the outlook remains positive. This means competition is fiercer than ever among employers to attract and retain talent. In an effort to appeal to candidates, many organizations are expanding their benefits offering to support all facets of employees’ lives. Financial planning and wellness initiatives have become especially popular, and for good reason.