Stressed woman on phone The plethora of financial wellness options creates an opportunity for advisors to help plan sponsors try to ease employee financial stress. (Photo: Getty)

Employee A cashes out a retirement plan to help with the costs of buying a house, then learns the tax penalties will be higher than he thought. Concerned about that and credit card debt from the move, he cuts back on his current 401(k) contributions.

Employee B has four active kids, and although she has employer-sponsored health insurance for the family, the out-of-pocket costs mean she, too, cuts back on her 401(k) contributions. She also neglects medical care for herself, choosing to ignore potential warning signs in an attempt to lower the family’s health care costs.

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C.J. Marwitz

C.J. Marwitz is a writer and editor.

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