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5610 Ward Road, Suite 300 Arvada, CO 80002
9200 E. Mineral Avenue Centennial, CO 80112
Phone: 303-252-0852
Website: www.walshfinancialsolutions.com
September/October 2017
Don't Just Renew — Review!
One of the perks of your job may be the benefits your employer offers. So when open enrollment time rolls around, reviewing your 2018 benefit choices — instead of just renewing your current benefits — should be a priority.
During open enrollment, you have a chance to review your benefit options and find out about any coverage changes or premium increases for the coming year. You’ll also be able to compare your benefits with benefits offered by a spouse’s employer and select the options that work best for your family.
Pretax Benefits
You may have to pay a portion of the cost of some benefits offered by your employer. However, your costs may be deducted from your pay before taxes are taken out (pretax), so you’re paying current taxes on a smaller amount of pay.
Some benefit expenses that you’ll typically pay for with pretax dollars include:
- Health insurance premiums
- A health care flexible spending account (FSA) for paying out-of-pocket health care expenses, including doctor visit copays and prescription drugs
- A dependent care FSAto pay for child care for a child younger than 13 while you and your spouse work
For Your Future
Your employer may offer a potentially valuable benefit that can help you save pretax dollars for retirement: a 401(k) or similar plan. As you review your benefit options, you may want to consider increasing your deferral amount, especially if you’re not contributing enough to take full advantage of any employer matching funds.
FR2017-0504-0006/E
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Advisory Services offered through Walsh Financial Solutions or Vanderbilt Advisory Services. Securities offered through Vanderbilt Securities, LLC. Member FINRA, SIPC. Registered with MSRB. Walsh Financial Solutions and Vanderbilt Securities, LLC are separate and unaffiliated entities. Clearing agent: Fidelity Clearing & Custody Solutions. Insurance Services offered through Vanderbilt Insurance and other agencies. Supervising Office: 125 Froehlich Farm Blvd, Woodbury, NY 11797 631-845-5100
For additional information on services, disclosures, fees, and conflicts of interest, please visit www.vanderbiltfg.com/disclosures
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