Your Salary's Secret Perks: Are You Leaving Money on the Table?

You may have a treasure trove of financial benefits hiding in plain sight—your employee benefits package. Beyond your monthly salary, many employers offer valuable perks like a pension fund, life insurance, and disability coverage. Ignoring them is like leaving money on the table.

Here's how to make the most of your benefits:

Pension Fund: This is often your most powerful retirement savings tool. Find out if your employer matches your contributions. If they do, contribute at least enough to get the full match. It's free money you don't want to miss.

Life Insurance: Most employers provide a basic life insurance policy. Understand the coverage amount and review the beneficiary designations regularly. As your life changes—you get married, have a child, or get divorced—your beneficiaries should change with you.

Disability Coverage: If you were unable to work due to an injury or illness, how would you pay the bills? Your employer’s disability insurance may cover a portion of your income, providing a critical safety net. Know your policy's terms and consider additional coverage if needed.

By taking the time to understand your employee benefits, you're not just securing your present; you're building a stronger, more resilient financial future.