Top 3 Open Enrollment Mistakes
What is the Money Date? A weekly time to check in. 3 things we review and update: 1. Spending 2. Earning 3. Savings
In this week’s Money Date, we examine the three most common Open Enrollment mistakes.
- Not enrolled in retirement plan
- Missed opportunity to save retirement
- Missed opportunity to save on taxes
- Missed opportunity to get free money (company match)
- Not enrolled in Disability Insurance
- Most employers pay for it
- Understanding coverage
- Consider private options
- Not taking advantage of fringe benefits – legal group plan, pet insurance, transportation costs
