Getting control of your finances can seem like an insurmountable task. There are so many factors to consider and so much advice out there that it’s hard to figure out the right moves for you. Here are a few steps you can take to quickly become more educated and, therefore, more powerful with your money. Check back next week for the final three points on the checklist.
1. Employer/Union BenefitsIf you are a member of any of the stage and/or screen unions, you have a leg up on the other 80% of the country because you have a pension. A pension is, at its most basic, a large sum of money that turns into an income stream when you hit retirement and lasts at least as long as you live. With AEA, your producers are required to contribute to this for you.
The unions also offer a 401(k) option which is an investment so from time to time, sit down with an expert and review if the stocks, bonds, and mutual funds you own in there are the right fit for you. The last, best benefit I’ll mention here for AEA members is the individual health insurance plan. If you hit your weeks, your health insurance is only $100 a quarter. Most people pay upwards of $500 a month!
These are some highlights but you should look at all the benefits
Getting control of your finances can seem like an insurmountable task. There are so many factors to consider and so much advice out there that it’s hard to figure out the right moves for you. Here are a few steps you can take to quickly become more educated and, therefore, more powerful with your money. Check back next week for the final three points on the checklist.
1. Employer/Union BenefitsIf you are a member of any of the stage and/or screen unions, you have a leg up on the other 80% of the country because you have a pension. A pension is, at its most basic, a large sum of money that turns into an income stream when you hit retirement and lasts at least as long as you live. With AEA, your producers are required to contribute to this for you.
The unions also offer a 401(k) option which is an investment so from time to time, sit down with an expert and review if the stocks, bonds, and mutual funds you own in there are the right fit for you. The last, best benefit I’ll mention here for AEA members is the individual health insurance plan. If you hit your weeks, your health insurance is only $100 a quarter. Most people pay upwards of $500 a month!
These are some highlights but you should look at all the benefits
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