Check Your Paycheck: Don't Miss Out on Money You Deserve

Key Takeaways:

1. Employees should regularly review their paychecks to ensure accuracy in payment, bonus, commission, and benefits.
2. Overlooking your pay statement can lead to undetected errors, resulting in financial losses or unanticipated tax outcomes.
3. Ensuring correct 401(k) contributions and health insurance deductions are vital for long-term financial planning.
4. Annual or frequent paycheck reviews can prevent unwanted surprises during tax season or when needing insurance coverage.
5. Taking personal responsibility in financial matters can protect and enhance one's wealth-building journey.
   
   

Chapters:

Timestamp Summary

0:57 Springtime Strategies for Wealth Building Simplified

1:39 Employee Oversight of Payroll and Benefits

4:15 Health Insurance Enrollment Oversights and Paycheck Checks

4:37 The Importance of Regular Paycheck Reviews

5:09 The Importance of Monitoring Paychecks and Benefits

5:41 Ensuring Paycheck Accuracy Through Personal Responsibility

6:38 Educational Caveats in Financial Advice and Performance

 

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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.