You might know what benefits your job offers, but do you know how to make the most of them?
Stacy Kupsky, vice president of Wayzata Bay Private Wealth Management, visited KARE 11 News at Noon to share more about open enrollment for insurance plans, among other benefits.
Some of the things Kupsky discusses with clients are employer retirement accounts and benefits. The Wayzata Bay Private Wealth Management advises you to make financial decisions in the last quarter of the year so you can set the tone for the next.
If you're wondering how much you should save for retirement in your 401k plan, Kupsky said the minimum should be the employer match.
If you're just starting to save, you can set it to automatically increase every year so that you reach your goal.
As for health insurance, Wayzata Bay Private Wealth Management advised clients to think of a few questions, such as: How is your health? Are you adding kids or are they rolling off your insurance?
For more information, check out the firm's website at this link.
