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But dont wait until the last minute.
Wrap this up ASAP ahead of 2025.
Consider a High-Deductible Plan
What sort of health insurance plan do you have now?
If its not a high-deductible plan, you may want to switch over to one.
But be careful here.
Dont switch over to a high-deductible plan if youre short on funds.
Youll need extra savings on hand to cover a steeper deductible.
If they arent, act now to find new care that will be in-web connection.
Things change, Orman wrote.
Typical employer-provided life insurancepays a death benefit equal to a year of your salary.
Maybe two years, Orman wrote.
I seriously doubt that will be enough to support your family.
Does your workplace offer a way to automatically route a portion of your paycheck to a savings account?
Some employers even offer a matching contribution, Orman wrote.
Thats a great benefit to help you buildmore financial security.
If your employer doesnt offer this option, spark a conversation with HR about it.
see to it youre doing this, and if youre not, nows the time to start.
That 15% is the combined rate of your contributions and any employer contribution.
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