Even if you weren't able to achieve all of your financial goals for 2008, it's not too late to take advantage of last year's benefits—or discover new savings programs and benefits offered by your employer to help you save in the new year.
Health care flexible spending accounts (FSAs) are “use-it-or-lose-it”, however plan administrators may provide a grace period of up to 2½ months after the end of the plan year to pay for medical expenses. Check with your employer for information on your plan's grace period and reimbursement deadlines.
It's never too late to diversify your 401(k) assets. Research available investment options and develop a mix that is appropriate for your investment timeframe, long-term retirement goals and risk and return needs.
Check with your employer for any new retirement plan offerings, such as a Simple IRA or Roth 401(k). These plans can provide tax benefits and potentially boost your retirement savings with regular contributions.
Use these opportunities to enhance your financial resolve and start the new year strong. With every chance to save comes the promise of a successful financial future. Read more on diversifying assets and employer retirement plans.
Check out the new Feed the Pig Podcast #22 - Coping With Economic Crisis.
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