# https://www.useorigin.com/llms-full.txt ## Comprehensive Financial Management We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/#main) Featured In ![](https://www.datocms-assets.com/136830/1724182842-logo-forbes.svg)![](https://www.datocms-assets.com/136830/1724182857-logo-barrons.svg)![](https://www.datocms-assets.com/136830/1724182873-logo-axios.svg)![](https://www.datocms-assets.com/136830/1724182885-logo-marketwatch.svg)![](https://www.datocms-assets.com/136830/1724182900-logo-fast-company.svg)![](https://www.datocms-assets.com/136830/1724182842-logo-forbes.svg)![](https://www.datocms-assets.com/136830/1724182857-logo-barrons.svg)![](https://www.datocms-assets.com/136830/1724182873-logo-axios.svg)![](https://www.datocms-assets.com/136830/1724182885-logo-marketwatch.svg)![](https://www.datocms-assets.com/136830/1724182900-logo-fast-company.svg) ![](https://www.datocms-assets.com/136830/1724182842-logo-forbes.svg)![](https://www.datocms-assets.com/136830/1724182857-logo-barrons.svg)![](https://www.datocms-assets.com/136830/1724182873-logo-axios.svg)![](https://www.datocms-assets.com/136830/1724182885-logo-marketwatch.svg)![](https://www.datocms-assets.com/136830/1724182900-logo-fast-company.svg)![](https://www.datocms-assets.com/136830/1724182842-logo-forbes.svg)![](https://www.datocms-assets.com/136830/1724182857-logo-barrons.svg)![](https://www.datocms-assets.com/136830/1724182873-logo-axios.svg)![](https://www.datocms-assets.com/136830/1724182885-logo-marketwatch.svg)![](https://www.datocms-assets.com/136830/1724182900-logo-fast-company.svg) Let's talk money Wealth for a new generation Wealth isn't traditionally easy to manage, so we've built an entirely new approach. Whether you're boosting your savings, growing your investments, or planning for a well-earned retirement, Origin makes it easier to take an active role in building your wealth. 100K+ Users Network of Certified Financial Planners® FDIC Insured ![](https://www.datocms-assets.com/136830/1724368790-homepage-talk-award.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1723770837-icon-homepage-product-track.png&w=384&q=75) Track Keep your moneywhere you can see it Unite your finances to get the full picture of your net worth, spending, investments, real estate, equity, and more. [Start Tracking Spend](https://www.useorigin.com/products/spending) Net Worth Tracking Connect your accounts for a complete, secure overview of your assets and liabilities. Spend Tracking View all your transactions in one place and gain insights into your spend, subscriptions, and cash flow. Budgeting Create a budget in one click, add custom categories, and track your progress all month long. ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1723770862-icon-homepage-product-invest.png&w=384&q=75) Invest Put your money to work A suite of investing and savings tools that make it easy to grow your wealth, from a high-yield cash account, automated index investing, to thematic stock bundles. [Start Investing](https://www.useorigin.com/products/investing) Cash Account Grow your cash with our boosted APY Cash Account, where you can earn an additional 0.5% APY on top of our variable base rate of 4.08%. Automated Index Investing Keep more of your returns with a personalized, AUM fee-free index portfolio. Stock Bundles Discover new stocks and invest in collections curated by our expert investment team. ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1723770888-icon-homepage-product-advice.png&w=384&q=75) Advice Get guidance fromthe experts Level-up your money management with real-time insights from AI plus expert human guidance on topics ranging from investing to retirement. [Learn More About Advice](https://www.useorigin.com/products/guidance) Sidekick, Your AI Finance Assistant Let AI analyze your portfolio, help you plan for retirement, create a savings goal, and answer all your money questions. Intelligent Notifications Real-time with notifications about changes to your spending, investments, and credit score. Certified Financial Planners® Meet with an expert to get personalized support and tailored recommendations for every financial milestone. ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1723770914-icon-homepage-product-estate-planning.png&w=384&q=75) Estate Planning Protect yourass(ets) Everyone has something valuable to protect. Decide who gets what, when, and how when you create an estate plan with Origin. [Start Estate Planning](https://www.useorigin.com/products/estate-planning) Basic Will Simple, quick, and free legal document that allows you to choose who gets what. Full Will Customize your will with more options, from guardianship to healthcare decisions. Trust Opt for our most comprehensive plan to protect your assets and avoid costly legal disputes in probate court. ![]()![](https://www.datocms-assets.com/136830/1725403194-homepage-video-large-3x.jpg?auto=format&fit=max&q=75&w=2500) See Origin in Action Delete your other money apps -you won't need them. Origin users save around $1,300 every year by bringing their financial life into one subscription. ![](https://www.datocms-assets.com/136830/1724122062-monarch.svg) ![](https://www.datocms-assets.com/136830/1724122050-rocket-money.svg) ![](https://www.datocms-assets.com/136830/1724122035-wealthfront.svg) ![](https://www.datocms-assets.com/136830/1727795493-sofilogo.svg) ![](https://www.datocms-assets.com/136830/1724122009-facet.svg) ![](https://www.datocms-assets.com/136830/1724122075-turbotax.svg) ![](https://www.datocms-assets.com/136830/1724122087-trust-will.svg) Origin is all you need Financial Planning Investing Budgeting Tax Estate Planning What our users are saying Tracking “Origin is a one-stop shop for everything financial in your life.” Sarah W. Origin User For Couples “I was able to invite my partner to Origin in just a few clicks, and now we can easily track our spending and savings goals together.” Andrew P. Origin User Tracking “Origin makes spend tracking so easy and simple. It’s so nice to see my net worth and all my finances in one centralized place.” Sonia H. Origin User Advice “If it hadn't been for our CFP®, we probably would still be thinking that we'd never be able to afford a house, not where we are now, which is finishing up some updates in our house that we should be able to move into next week! ” Cristina F. Origin User Tracking “Origin has all the features you need to better your financial life and make moves toward your goals. It's just better than everything else and continues to offer more features. ” Gabriel R. Origin user For Couples “"All my accounts can connect and everything is accurate and up to date. I love being able to add my partner and work together." ” Alex C. Origin customer What’s new Updates New Spending Features To Make Your Budget Even More Customizable [Learn more(opens in new window)](https://www.useorigin.com/resources/blog/new-spending-features-make-your-budget-more-customizable) Updates File Your Taxes for Free With Origin [Read Now(opens in new window)](https://www.useorigin.com/resources/blog/free-tax-filing-origin) In the News Origin named Best Budgeting App for 2024 by Forbes [Read Now(opens in new window)](https://www.forbes.com/sites/jaimecatmull/2024/07/19/budgeting--money-management-in-2024---fintech-apps-will-save-your-economic-future/) Ready to manage yourmoney with Origin? Try Origin for free, then $12.99/month or $99/year. It's the smartest investment you can make. [Get Started for Free](https://app.useorigin.com/sign-up) ![]()![](https://www.datocms-assets.com/136830/1725230972-homepage-cta-large-3x.png?auto=format&fit=max&q=75&w=2500) FDIC insurance is provided through Program Banks and protected by the FDIC's insurance coverage up to the maximum deposit insurance limits. Origin is not an FDIC-insured depository institution. The Cash Management Account promotion entitles eligible users to receive a 0.50% APY increase over the standard base APY. The base rate as of March 10, 2025 is 4.08% APY. The standard base APY is variable and subject to change at any time without notice. Terms and conditions apply. Estimated savings of $1,300/year are based on the sum of annual costs for comparable services: Monarch ($99), Magnifi ($132), annual AUM fees from services such as Wealthfront on $100k ($250), TurboTax ($219), and Trust & Will's cost of a Trust ($499). [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836260195&cv=11&fst=1741836260195&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102015666~102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2F&hn=www.googleadservices.com&frm=0&tiba=Origin%20-%20Budget%2C%20Track%20Spend%2C%20Invest%2C%20and%20Get%20Advice&npa=0&pscdl=noapi&auid=1721124188.1741836260&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Financial Well-being Solutions We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/company#main) Mission Our approach to making money simple Ensure financial advice is both affordable and accessible to everyone We aim to democratize financial well-being by building products and a brand that is simple, approachable, and affordable for all. Make finances approachable We provide holistic net worth tracking by bringing income, net worth, spending, investments, assets, and liabilities all into one platform. Build a solution that is dynamic to our members' needs We support members across a wide range of financial decisions from family planning, to saving for a house, eyeing retirement, and more. Empower People Teams to support their employees We work in collaboration with People teams to guide employees through their finances, helping with comp, benefits, equity, and reducing your liability. Team Meet our leadership team ![](https://images.ctfassets.net/agrlvtq28rka/3nWBCXt839I3twGiVPJknn/139bfafc76b8bce4a2d895b2de4f5047/matt.jpg?fm=webp&w=1920&q=80) Matt Watson CEO Founder ![](https://images.ctfassets.net/agrlvtq28rka/5tNneMeoLpqh90hLEPLzi1/c3c6250382e8ec2856b62da11cb3acf5/atul.jpg?fm=webp&w=1920&q=80) Atul Kakkar Chief Product Officer ![](https://images.ctfassets.net/agrlvtq28rka/3EgSZLyVXtKMQktidzuikY/cad65830555b84fa9b6790d6673702be/wallis.jpg?fm=webp&w=1920&q=80) Wallis Finger General Counsel ![](https://images.ctfassets.net/agrlvtq28rka/5wn0aH8Jr58vTcOuW1PkmN/a32f4ead29dcccbbf0a6c8cc490d9741/photo-updated.png?fm=webp&w=1080&q=80) Paul Meister SVP Commercial ![](https://images.ctfassets.net/agrlvtq28rka/kqCrlAAPd74hkSEh9OTWt/2323fa2e4aab74310b55a9af5ab04df5/alex.jpg?fm=webp&w=1920&q=80) Alex Lavian VP Marketing ![](https://images.ctfassets.net/agrlvtq28rka/avcFvBdC0vpQ1zEWMjKRZ/4a566607bfbe1bec10ba46c714f2e858/gustavo.jpg?fm=webp&w=1920&q=80) Gustavo Silva VP Engineering Investors We are backed by leading investors ![](https://images.ctfassets.net/agrlvtq28rka/1TMsooNn6wZ1zpYYbyz6X9/77e94180b38555f3e97e472c0bbabe23/1.svg?w=640) ![](https://images.ctfassets.net/agrlvtq28rka/2jZQkreAshXHSXfHaJ0FoZ/f89c78adbef97789abad001afbcfc814/2.svg?w=384) ![](https://images.ctfassets.net/agrlvtq28rka/78oaHcn3EDEJWTHdw31HP0/15ccc0b47f409ecfd449cd60529c344c/3.svg?w=640) ![](https://images.ctfassets.net/agrlvtq28rka/6nv4Gis9ksyaNP9HSLsqeJ/da35983f7973f5a8e4a213926dcc2368/4.svg?w=750) Careers Join our team OperationsDesign All Categories San Francisco All Locations Clear search input [Americas \| Planner Networking\\ More Info](https://www.useorigin.com/company/apply?id=5004028004) [APAC \| Planner Networking\\ More Info](https://www.useorigin.com/company/apply?id=5004042004) See More Benefits Our benefits ![](https://images.ctfassets.net/agrlvtq28rka/1CaiIEXyGYxHDUasBqJk3e/4e3e55c37cf9c967ce15d42b25af7ae7/1.svg?w=256) Health & Well-being Premium medical, dental, vision insurance, mental health support, and well-being stipend ![](https://images.ctfassets.net/agrlvtq28rka/5VH7OROdMr80j8nYEm5hb7/2e8ac7bc96fc659b51e50669d75f3eab/2.svg?w=256) Financial Wellness Origin membership to actively manage your money ![](https://images.ctfassets.net/agrlvtq28rka/4R31aqd5QKVnpmuzAsIIlr/20770e836b91787c90b12ef49b4ddb21/3.svg?w=128) Family & Home Life Parental leave, personal prosperity benefits ![](https://images.ctfassets.net/agrlvtq28rka/430FLRu0JzHgLKNGm2aGvc/566c26ab225b64dda2558b6c621c06fd/4.svg?w=128) Work from Anywhere Remote-first with the flexibility to work from home or office balance ![](https://images.ctfassets.net/agrlvtq28rka/4A8TvjYmm6nqzMBwX1WEr3/50a371828c68abcf1daa64d1c8cfdbf4/5.svg?w=128) Paid Time Off Unlimited PTO policy Values What we believe in We are dedicated to broadening access. We approach our work with inclusivity, striving to eliminate barriers within a conventional industry. Our unwavering commitment lies in re-imagining financial wellness for everyone. We are building wealth management for everyone We are determined to build an intuitive, joyful, and meaningful product experience. We are customer-obsessed. Quality is ingrained into everything we do. We strive to make something people love Originals understand that a company is the sum of its people. We are all owners of Origin, and we hold teammates to these standards. We teach, listen, and learn actively. Our team is our biggest advantage We focus on what matters most, make fast initial progress, and iterate towards the best outcome. We go above and beyond, even when it is hard. We get our hands dirty sooner rather than later. We are decisive. We simplify. We kickstart. We pull the company into motion. We are scrappy and resourceful [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836258925&cv=11&fst=1741836258925&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102308675~102482433~102587591~102640600~102717422~102788824~102791784~102813109~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fcompany&hn=www.googleadservices.com&frm=0&tiba=About%20Origin%20%7C%20Origin%20Financial&npa=0&pscdl=noapi&auid=908185423.1741836259&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Couples Financial Management We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/couples#main) Team Up ## One Origin membership for two Two people, two separate logins for a joint understanding of your money. Try Origin for free then just $12.99/mo or $99/year. - See spending across your household for the full picture of your finances - Sync all your accounts to track your joint net worth - Invest together and maximize returns with no AUM fees - Jointly file your taxes right in Origin - Meet with a Certified Financial Planner™ together to hit your goals ![](https://images.ctfassets.net/agrlvtq28rka/35exSZ5VCU9pVsgPWOVND9/1ef3b2f73f0d04b0af1506949eb0729e/iPhone_14_Pro.png?fm=webp&w=828&q=80) 3 Steps ## How it works Invite your partner at no additional cost. ![](https://images.ctfassets.net/agrlvtq28rka/4h0dXbRyV5aft0OfMjhOxm/0bf82cfa681f3d64c3a63c5d6e1f268f/1.svg?w=128) Navigate to your Origin profile and invite your partner ![](https://images.ctfassets.net/agrlvtq28rka/7bZlkJN4xroHqtpqOrpVKs/303925ff2fb8a4ca7cc71dc3b307692d/2.svg?w=128) Your partner will create their own Origin login ![](https://images.ctfassets.net/agrlvtq28rka/5ECfHzeysS6LZd7RJh0x6X/cc6d2c538cdddf3187dc1b34b465bcb3/3.svg?w=128) Talk, track, and grow money, together [Get Started](https://app.useorigin.com/sign-up) Customer Stories ## Don't just take our word for it > I was able to invite my partner to Origin in just a few clicks, and now we can easily track our spending and savings goals together. It has made communication about money so much easier. Andrew P. > I like the ease and speed of taking my financials into my own hands. Nicholas S. > Origin is something that has given me a better financial education for the next 20 years or so of my life. Tony S. ### FAQs ## Got questions? Find answers. ### Is there a fee for adding a partner to my account? Nope. You can invite your partner to share your Origin account for free! ### Can my partner access my financial information? Yes. Your partner can see your connected financial accounts to Origin. Inviting your partner enables you to manage your money together. Partners gain equal visibility not just into day-to-day cash flows but also long-term holdings, planning insights, account security, and more. To learn more about Origin’s commitment to privacy and data security and what data you and your partner will be sharing with one another, see our privacy policy [here](https://www.useorigin.com/privacy-policy). Partner access includes: - Expense tracking - Where money comes in and out daily - Budgeting breakdown - How spending aligns with goals - Net worth tracking - Aggregate asset appreciation over time - Investment performance - Returns across retirement accounts, taxable brokerages, equity compensations, and other holdings - Account security - Two sets of eyes monitoring for suspicious activity - Financial planning - Accelerates reaching aligned priorities like saving for a home ### Can my partner and I have separate logins? Yes, you and your partner will have separate logins to Origin. You’ll each have your own access to a joint account. ### How much does Origin cost? You can try Origin for free! Then, it's just $12.99/month or $99/year. Adding your partner is no additional cost. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836259109&cv=11&fst=1741836259109&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102696396~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fcouples&hn=www.googleadservices.com&frm=0&tiba=Money%20Management%20for%20Couples%20%7C%20Origin%20Financial&npa=0&pscdl=noapi&auid=717899188.1741836259&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Origin Employee Benefits We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/employers/demo#main) Customer Stories Origin is trusted by People Teams & Employees ![](https://www.datocms-assets.com/136830/1726273744-demo-customers-chime.svg) Origin has truly revolutionized our benefits approach, and the high level of engagement is a true testament to its impact. Our employees now have access to expert financial guidance through 1:1 planner meetings and the robust product itself. Kristen Jordan Benefits and Wellness Manager, Chime ![](https://www.datocms-assets.com/136830/1726273756-demo-customers-modernhealth.svg) My financial planner is absolutely incredible. I really couldn't ask for a better planner and have been blown away by how high quality their services are. Emily Karrkaitio Modern Health ![](https://www.datocms-assets.com/136830/1726273772-demo-customers-guild.svg) The platform is super user friendly, easy to navigate and understand. Kate Colver Guild Education ![](https://www.datocms-assets.com/136830/1726273782-demo-customers-simpson.svg) I love that Origin partners with my employer! Jessica Olsen Simpson Strong-Tie Schedule a time \| Chili Piper Loading reCAPTCHA Select all images with **crosswalks** Click verify once there are none left. | | | | | --- | --- | --- | | ![](https://www.google.com/recaptcha/enterprise/payload?p=06AFcWeA51v1wM_t0xOdLwPSOWnMrXQcSmqxf4-1Qvr3-HJ5ogl3qV88yoQOcCQpyLrtcSeZaWYdZcmhtsd99zTHtjExRvpwR-7DmetILHrU03jVsO_RwOxiTm-wyogYxW145ld7ZhXgWJZN6bo3Fh6NwH8RlPDKJSt1CQHMejZS4PFGfBP2YuBSYQFyei0omltWqOOVsvc_9A2uMuIDWb-WpO5JlUHntxAw&k=6Ld_ad8ZAAAAAAqr0ePo1dUfAi0m4KPkCMQYwPPm) | ![](https://www.google.com/recaptcha/enterprise/payload?p=06AFcWeA51v1wM_t0xOdLwPSOWnMrXQcSmqxf4-1Qvr3-HJ5ogl3qV88yoQOcCQpyLrtcSeZaWYdZcmhtsd99zTHtjExRvpwR-7DmetILHrU03jVsO_RwOxiTm-wyogYxW145ld7ZhXgWJZN6bo3Fh6NwH8RlPDKJSt1CQHMejZS4PFGfBP2YuBSYQFyei0omltWqOOVsvc_9A2uMuIDWb-WpO5JlUHntxAw&k=6Ld_ad8ZAAAAAAqr0ePo1dUfAi0m4KPkCMQYwPPm) | ![](https://www.google.com/recaptcha/enterprise/payload?p=06AFcWeA51v1wM_t0xOdLwPSOWnMrXQcSmqxf4-1Qvr3-HJ5ogl3qV88yoQOcCQpyLrtcSeZaWYdZcmhtsd99zTHtjExRvpwR-7DmetILHrU03jVsO_RwOxiTm-wyogYxW145ld7ZhXgWJZN6bo3Fh6NwH8RlPDKJSt1CQHMejZS4PFGfBP2YuBSYQFyei0omltWqOOVsvc_9A2uMuIDWb-WpO5JlUHntxAw&k=6Ld_ad8ZAAAAAAqr0ePo1dUfAi0m4KPkCMQYwPPm) | | ![](https://www.google.com/recaptcha/enterprise/payload?p=06AFcWeA51v1wM_t0xOdLwPSOWnMrXQcSmqxf4-1Qvr3-HJ5ogl3qV88yoQOcCQpyLrtcSeZaWYdZcmhtsd99zTHtjExRvpwR-7DmetILHrU03jVsO_RwOxiTm-wyogYxW145ld7ZhXgWJZN6bo3Fh6NwH8RlPDKJSt1CQHMejZS4PFGfBP2YuBSYQFyei0omltWqOOVsvc_9A2uMuIDWb-WpO5JlUHntxAw&k=6Ld_ad8ZAAAAAAqr0ePo1dUfAi0m4KPkCMQYwPPm) | ![](https://www.google.com/recaptcha/enterprise/payload?p=06AFcWeA51v1wM_t0xOdLwPSOWnMrXQcSmqxf4-1Qvr3-HJ5ogl3qV88yoQOcCQpyLrtcSeZaWYdZcmhtsd99zTHtjExRvpwR-7DmetILHrU03jVsO_RwOxiTm-wyogYxW145ld7ZhXgWJZN6bo3Fh6NwH8RlPDKJSt1CQHMejZS4PFGfBP2YuBSYQFyei0omltWqOOVsvc_9A2uMuIDWb-WpO5JlUHntxAw&k=6Ld_ad8ZAAAAAAqr0ePo1dUfAi0m4KPkCMQYwPPm) | ![](https://www.google.com/recaptcha/enterprise/payload?p=06AFcWeA51v1wM_t0xOdLwPSOWnMrXQcSmqxf4-1Qvr3-HJ5ogl3qV88yoQOcCQpyLrtcSeZaWYdZcmhtsd99zTHtjExRvpwR-7DmetILHrU03jVsO_RwOxiTm-wyogYxW145ld7ZhXgWJZN6bo3Fh6NwH8RlPDKJSt1CQHMejZS4PFGfBP2YuBSYQFyei0omltWqOOVsvc_9A2uMuIDWb-WpO5JlUHntxAw&k=6Ld_ad8ZAAAAAAqr0ePo1dUfAi0m4KPkCMQYwPPm) | | ![](https://www.google.com/recaptcha/enterprise/payload?p=06AFcWeA51v1wM_t0xOdLwPSOWnMrXQcSmqxf4-1Qvr3-HJ5ogl3qV88yoQOcCQpyLrtcSeZaWYdZcmhtsd99zTHtjExRvpwR-7DmetILHrU03jVsO_RwOxiTm-wyogYxW145ld7ZhXgWJZN6bo3Fh6NwH8RlPDKJSt1CQHMejZS4PFGfBP2YuBSYQFyei0omltWqOOVsvc_9A2uMuIDWb-WpO5JlUHntxAw&k=6Ld_ad8ZAAAAAAqr0ePo1dUfAi0m4KPkCMQYwPPm) | ![](https://www.google.com/recaptcha/enterprise/payload?p=06AFcWeA51v1wM_t0xOdLwPSOWnMrXQcSmqxf4-1Qvr3-HJ5ogl3qV88yoQOcCQpyLrtcSeZaWYdZcmhtsd99zTHtjExRvpwR-7DmetILHrU03jVsO_RwOxiTm-wyogYxW145ld7ZhXgWJZN6bo3Fh6NwH8RlPDKJSt1CQHMejZS4PFGfBP2YuBSYQFyei0omltWqOOVsvc_9A2uMuIDWb-WpO5JlUHntxAw&k=6Ld_ad8ZAAAAAAqr0ePo1dUfAi0m4KPkCMQYwPPm) | ![](https://www.google.com/recaptcha/enterprise/payload?p=06AFcWeA51v1wM_t0xOdLwPSOWnMrXQcSmqxf4-1Qvr3-HJ5ogl3qV88yoQOcCQpyLrtcSeZaWYdZcmhtsd99zTHtjExRvpwR-7DmetILHrU03jVsO_RwOxiTm-wyogYxW145ld7ZhXgWJZN6bo3Fh6NwH8RlPDKJSt1CQHMejZS4PFGfBP2YuBSYQFyei0omltWqOOVsvc_9A2uMuIDWb-WpO5JlUHntxAw&k=6Ld_ad8ZAAAAAAqr0ePo1dUfAi0m4KPkCMQYwPPm) | Please try again. 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You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/employers#main) Partners ## Leading employers are partnering with Origin to solve financial health at work ![](https://images.ctfassets.net/agrlvtq28rka/6iK3GrmD0Ohfhuu2uQPjmr/445e4faeade50ac6a5b3f599f0ea85a7/icon-nextdoor.svg?w=384)![](https://images.ctfassets.net/agrlvtq28rka/J9oY5TvLkd5GZa5psFFfO/1e66ce184f61511fe93f76922699132b/icon-lattice.svg?w=384)![](https://images.ctfassets.net/agrlvtq28rka/6Hely9nCr1mDCfLDeIYPVS/3e5e391914a9901ba9125c51a36076bb/icon-modern-health.svg?w=750)![](https://images.ctfassets.net/agrlvtq28rka/5IuhBXMkvnxBrD7swKBLyv/18b1fabb004ed3f6e626a9df05e7126e/icon-docu-sign.svg?w=384)![](https://images.ctfassets.net/agrlvtq28rka/6Z8wV6LDDmktdYy8rI4Gsi/cd4282cf462d47cc4f0d9025131ede1d/icon-guild.svg?w=256)![](https://images.ctfassets.net/agrlvtq28rka/7gL17RVtfwlvxkIV2L6v0F/0ec1ad6ed28ad42d6a56097823c2b8c7/icon-barstool-sports.svg?w=384)![](https://images.ctfassets.net/agrlvtq28rka/595no1T8IbV5MGN7SpzkVX/37e4968dc7e3ea21ccfb38a12cd64f6a/icon-turo.svg?w=256)![](https://images.ctfassets.net/agrlvtq28rka/5XBjiUmS4n1iJYK2KAoXVW/3ea7d82f29fef335756e5a8be450ff4b/icon-strive-health.svg?w=256)![](https://images.ctfassets.net/agrlvtq28rka/2MV13LhHWI4xkD2vUspAee/db32be6e7da631195499395cb8e44386/icon-shrm.svg?w=256)![](https://images.ctfassets.net/agrlvtq28rka/Bd4v0r7Xg3P9NGkLbpNhU/dc63496b34ffa1fac07b0d71a9009d57/icon-nba.svg?w=256)![](https://images.ctfassets.net/agrlvtq28rka/6Q1ok1F1REO3S4fyM4T02z/58aa2036c6b54c629dc2e34b1fc2ae4b/icon-jacobs.svg?w=384)![](https://images.ctfassets.net/agrlvtq28rka/60uzYLfjp7V0jhh3YIDlWp/8875a299b417b222cf308b2214758af4/icon-chime.svg?w=256) ![](https://images.ctfassets.net/agrlvtq28rka/6iK3GrmD0Ohfhuu2uQPjmr/445e4faeade50ac6a5b3f599f0ea85a7/icon-nextdoor.svg?w=384)![](https://images.ctfassets.net/agrlvtq28rka/J9oY5TvLkd5GZa5psFFfO/1e66ce184f61511fe93f76922699132b/icon-lattice.svg?w=384)![](https://images.ctfassets.net/agrlvtq28rka/6Hely9nCr1mDCfLDeIYPVS/3e5e391914a9901ba9125c51a36076bb/icon-modern-health.svg?w=750)![](https://images.ctfassets.net/agrlvtq28rka/5IuhBXMkvnxBrD7swKBLyv/18b1fabb004ed3f6e626a9df05e7126e/icon-docu-sign.svg?w=384)![](https://images.ctfassets.net/agrlvtq28rka/6Z8wV6LDDmktdYy8rI4Gsi/cd4282cf462d47cc4f0d9025131ede1d/icon-guild.svg?w=256)![](https://images.ctfassets.net/agrlvtq28rka/7gL17RVtfwlvxkIV2L6v0F/0ec1ad6ed28ad42d6a56097823c2b8c7/icon-barstool-sports.svg?w=384)![](https://images.ctfassets.net/agrlvtq28rka/595no1T8IbV5MGN7SpzkVX/37e4968dc7e3ea21ccfb38a12cd64f6a/icon-turo.svg?w=256)![](https://images.ctfassets.net/agrlvtq28rka/5XBjiUmS4n1iJYK2KAoXVW/3ea7d82f29fef335756e5a8be450ff4b/icon-strive-health.svg?w=256)![](https://images.ctfassets.net/agrlvtq28rka/2MV13LhHWI4xkD2vUspAee/db32be6e7da631195499395cb8e44386/icon-shrm.svg?w=256)![](https://images.ctfassets.net/agrlvtq28rka/Bd4v0r7Xg3P9NGkLbpNhU/dc63496b34ffa1fac07b0d71a9009d57/icon-nba.svg?w=256)![](https://images.ctfassets.net/agrlvtq28rka/6Q1ok1F1REO3S4fyM4T02z/58aa2036c6b54c629dc2e34b1fc2ae4b/icon-jacobs.svg?w=384)![](https://images.ctfassets.net/agrlvtq28rka/60uzYLfjp7V0jhh3YIDlWp/8875a299b417b222cf308b2214758af4/icon-chime.svg?w=256) Challenge ## Now more than ever, financial stress follows employees into every aspect of their lives 73% of Americans rank finances as the #1 source of stress Source: [CNBC.com(opens in new window)](https://www.cnbc.com/select/73-percent-of-americans-rank-finances-as-the-number-one-stress-in-life/) 93% of employees want financial support and guidance from their employer Source: [Origin Survey(opens in new window)](https://offer.useorigin.com/state-of-financial-health-wealth-ebook-origin) 3 hours per week workers spend worrying about their finances Source: [PNC(opens in new window)](https://www.pnc.com/en/corporate-and-institutional/organizational-financial-wellness/financial-wellness-in-the-workplace-report.html) 2.2x more likely to leave an organization if an employee is financially stressed Source: [PNC(opens in new window)](https://www.pnc.com/en/corporate-and-institutional/organizational-financial-wellness/financial-wellness-in-the-workplace-report.html) ![](https://images.ctfassets.net/agrlvtq28rka/60Vacvw4CW8SwdYU5bJ5AZ/71b13a716004c1228f2536160fa4a52b/planner.svg?w=48) ### Dedicated Financial Planner Get expert advice from a Certified Financial Planner™ ![](https://images.ctfassets.net/agrlvtq28rka/oaUfBlc2jPAoBcQMX2I19/dd80c28c020f8302d4f7f5c3591434fa/saving.svg?w=96) ### Saving & Budgeting Track spending and create a budget ![](https://images.ctfassets.net/agrlvtq28rka/2xsLbBz74i2fB8zVvfynoB/3e6abcfe00230d6e695a773df6ef79fa/guidance.svg?w=64) ### Real-Time Guidance An AI-powered planner to answer any money questions ![](https://images.ctfassets.net/agrlvtq28rka/2l87IUutOecQzA6WpEv7xQ/ca9cf2a183cfa02f4bb340bb7dff8189/investing.svg?w=64) ### Enhanced Investing Build long-term wealth with automated investing and portfolio tracking ![](https://images.ctfassets.net/agrlvtq28rka/1n9Fz1MXFXmAhUJMhRFW70/ad4ba82c94bbe3c62583d34cc8e265f6/tax.svg?w=64) ### Tax Filing File your taxes right in Origin ![](https://images.ctfassets.net/agrlvtq28rka/5SxctN7czaEdNRjqHqfPpf/65eb1006dd53d81c0c5e305b5aa855fc/education.svg?w=96) ### Education Hub Online lessons & articles to teach you the personal finance foundations Solution ## One membership that makes managing money simple [Learn More](https://www.useorigin.com/products/guidance) ![](https://images.ctfassets.net/agrlvtq28rka/622ZkEhqK5tkMzdEYBJIGN/ebe114dccb137f60d63abbaa37f138bc/large.jpg?fm=webp&w=3840&q=80) ## Financial health starts at work. [Book a Demo](https://www.useorigin.com/employers/demo) Impact ## The future of work relies on a financially fluent workforce By helping with comp, benefits, employee retention, and equity grants, we empower your employees to take control of their finances and tackle all of life's milestones. ### Customer results 42% increase in 401K contributions 23% increase in 529 & HSA contributions ### Evidence-based outcomes $28M saved in financial planning fees $5600 saved in attrition per employee $2.8M saved in backfilling roles for a company of 500 people $6M saved in backfilling roles for a company of 1,000 people View Footnotes We analyzed a sample consisting of 19,904 invitations from 30 companies. Providing Origin as a benefit has the potential to prevent a significant portion of employee turnover, reducing attrition rates by up to 49%. [37% of companies](https://techjury.net/blog/onboarding-statistics/) say onboarding programs last more than 30 days. The average cost-per-hire is $4,683, according to [SHRM 2022 HR benchmarking reports](https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/shrm-hr-benchmarking-reports-launch-as-a-member-exclusive-benefit.aspx). Customer Stories ## Origin is trusted by PeopleTeams & Employees ![](https://images.ctfassets.net/agrlvtq28rka/w0bOskysi7OYh1aQwnsoP/e697a4e698679c4f1d7b34c6ccec30b6/chime.svg?w=256) > Origin has truly revolutionized our benefits approach, and the high level of engagement is a true testament to its impact. Our employees now have access to expert financial guidance through 1:1 planner meetings and the robust product itself. Kristen Jordan Benefits and Wellness Manager, Chime ![](https://images.ctfassets.net/agrlvtq28rka/2Ar4ZLpNJ9TrTZetVfnkIK/f928d673007365c49be92a7d0d55927f/modern-health.svg?w=128) > My financial planner is absolutely incredible. I really couldn't ask for a better planner and have been blown away by how high quality their services are. Emily Karrkaitio Modern Health ![](https://images.ctfassets.net/agrlvtq28rka/3PFHYufFH7KrUV8n16EyI4/c25f1e350c75a8936d7a1223cfa3f30d/guild.svg?w=256) > The platform is super user friendly, easy to navigate and understand. Kate Colver Guild Education ![](https://images.ctfassets.net/agrlvtq28rka/3A5Z8KLnGlyr9TydhSKHgQ/171ddd440d323b9254da93c2213f21b1/simpson.svg?w=256) > I love that Origin partners with my employer! Jessica Olsen Simpson Strong-Tie How Origin Stacks Up ## The one money membership that does it all | | Origin | BrightPlan | Northstar | Ayco | Fidelity | Empower | | --- | --- | --- | --- | --- | --- | --- | | Real-time AI Guidance | | | | | | | | Investments Tracking
& Brokerage | | | | | | | | Holistic Networth Tracking,
Budgeting & Subscription Tracking | | | | | | | | Financial Planner
& Roadmap | | | | | | | | Equity Management | | | | | | | | DIY Tax | | | | | | | | On-demand Learning | | | | | | | | Total Rewards/Benefits | | | | | | | View Footnotes Based on a comparison of the services offered at BrightPlan, Northstar, Ayco, Fidelity, Empower, as of September 28, 2023. ## Help your employees navigate their finances Join thousands of companies who are helping their employees save, invest, and build wealth. [Book a Demo](https://www.useorigin.com/employers/demo) ![](https://images.ctfassets.net/agrlvtq28rka/7gAC6SmXOZ71RhcMDRO4Ap/f4a746dcd2c2935b035d2288e7aaa400/large-employers_copy.webp?fm=webp&w=3840&q=80) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836259276&cv=11&fst=1741836259276&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Femployers&hn=www.googleadservices.com&frm=0&tiba=Financial%20Wellness%20Benefits%20%7C%20Origin%20Financial&npa=0&pscdl=noapi&auid=107197222.1741836259&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Origin Financial Planning We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/partners/guideline#main) Features Gain financial confidence with Origin Manage all your finances Track your net worth income, spend, investments, retirement plans, equity, and liabilities all in one place. ![](https://images.ctfassets.net/agrlvtq28rka/54mYjHujE1WNv2DnmGAYil/6b74eb24adf1d5d3287aef356122bb4c/1.svg?w=1080) Master how you spend Unlock insight into your spending with real-time transaction tracking and personalized budgeting. ![](https://images.ctfassets.net/agrlvtq28rka/5OQKWbgY32SfWAzNamY31w/8ce5a12a6d27383d550a25b9c8789eb1/2.svg?w=1080) Get expert guidance Get real-time, expert guidance for moments big and small. ![](https://images.ctfassets.net/agrlvtq28rka/5qqRee9wLaQQmVqHyRPK7x/712fec5da511be18d54fb6ed67741673/3.svg?w=1080) Manage & grow investments Track your individual stock and portfolio performance. ![](https://images.ctfassets.net/agrlvtq28rka/35JewWR1zvjsnYgTdhZZPX/2fd18b2d1d61f201a0d33d371580bd6a/4.svg?w=1080) On-demand financial education 150+ articles and gamified lessons covering modern finance topics—from building credit to budgeting basics. ![](https://images.ctfassets.net/agrlvtq28rka/3GM7bF9RrbrKTT7vVGLn2H/e159ca5ea2a966cbd88ef6ed57749f34/5.svg?w=1080) ### FAQ ## Frequently asked questions ### What are the benefits of Origin? Origin is the leading all-in-one financial planning platform built for the modern workforce. With Origin, employees can track financial milestones, get advice, take action to reach savings goals, and manage their money with ease. ### Who is eligible for the Guideline partnership? Guideline is offering Origin to eligible participants on the enterprise tier. ### How much does Origin cost? With our Guideline partnership, Origin is free for 2 months, 25% off after at $9.99/mo. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836259876&cv=11&fst=1741836259876&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fpartners%2Fguideline&hn=www.googleadservices.com&frm=0&tiba=Origin%20Financial%20Planning%20for%20Guideline&npa=0&pscdl=noapi&auid=2102807007.1741836259&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](about:blank) ## Employee Financial Wellness We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/products/employer-products#main) ## Origin empowers your employees to embracetheir finances and tackle all of life's milestones. ![](https://images.ctfassets.net/agrlvtq28rka/360ExTj73xPLpeKzzgLqOa/42ad2de8b4cd9419c1d79487dc9a5745/screen-1.png?fm=webp&w=1920&q=80)![](https://images.ctfassets.net/agrlvtq28rka/7LnV4F0RaA3YcOZzMjEgl7/531ee3b90f4845cd1866568a8ec6e498/screen-2.png?fm=webp&w=1920&q=80)![](https://images.ctfassets.net/agrlvtq28rka/11HjMnt6t0dFuM0Dap7vbG/831224be276f0288cbc4c4bd4c7b9672/screen-3.png?fm=webp&w=1920&q=80)![](https://images.ctfassets.net/agrlvtq28rka/67R0embGJqnSHEsjwvbAqx/1d689e826a847a02c4796e1e96db4f6e/screen-4.png?fm=webp&w=1920&q=80) Total Comp & Equity ## A holistic financial wellness solution * * * ### Understand your total compensation Compensation is more than just your annual salary. Realize the total value of your benefits, perks, salary, and equity - all in one place. * * * ### Equity simplified Track equity compensation, including your estimated net value, vested and unvested shares, and projected value over time. * * * ### Exercise equity at the right time Simulate exercising your stock options to minimize your taxes and maximize your value. * * * ### Confidently select your benefits Realize the total value of your compensation. Compare the perks, trade-offs, and costs of each plan to find the right benefits for you. Learning ## Gain financial fluency On-demand learning to fill a critical gap in employee education. ### Money Insights Industry insights delivered via email and Slack to keep a regular pulse on personal finance. The Gist How a debt ceiling debacle could impact markets ### Personalized Lessons 150+ quiz-based lessons and articles on financial topics—budgeting basics, retirement plans, negotiating debt, and more. Let's start by selecting all the statements that are true about budgeting. A Budgeting is about creating a plan on how best to spend your money. B Budgeting starts with your earnings after you've paid taxes. C Budgeting can help control overspending in certain categories. ### Insight into Action Use lessons to understand the nuances involved in calculating a credit score, then access your own credit score with actionable advice on how to improve it within Origin. The Gist Credit Score Basics 50% complete ### Money Talks ## Championingfinancial wellness Origin works in collaboration with your People team to drive engagement and support through customized money talks and webinars. ![](https://images.ctfassets.net/agrlvtq28rka/67stmMrVrzivUw9mEGVWZR/0e9be6bad11501d747f1f3f9990811bf/icon-1.svg?w=96) Live workshops and webinars led by Origin financial planners, covering topics such as strategies for equity compensation, managing student loans, and buying real estate ![](https://images.ctfassets.net/agrlvtq28rka/7HvO7od5J3pzKPYKI4iTir/a1ccd9e5ec13bf2a53acd3a04f1ea64a/icon-2.svg?w=96) Communications strategy support to help employees on-boarded to Origin ![](https://images.ctfassets.net/agrlvtq28rka/7wepEstc4SGjZPdch0wI5H/721b6929d917524c180a15b4bcf0fd45/icon-3.svg?w=96) Robust reporting on outcomes ## Request a demoto learn moreabout how wecan supportyour team. [Book a Demo](https://www.useorigin.com/employers/demo) ![](https://images.ctfassets.net/agrlvtq28rka/V7ZYsBLYKwccierydvnAc/8f37b7415c249c165d0290a028b753a6/image-large.webp?fm=webp&w=3840&q=80) ### FAQs ## Got questions? Find answers. ### What topics are covered in Learning? Origin Learning serves as a comprehensive resource for building financial knowledge across a variety of topics. From core money management skills like budgeting, saving, and debt reduction to more advanced topics like investing, retirement planning, taxes, and real estate, our Learning product addresses major aspects of personal finance. In addition to broad financial education, Origin Learning introduces specialized topics like cryptocurrency, stock options, insurance, credit management, and estate planning to build your literacy across even complex money subjects. The Learning resources include a mix of formats such as articles, lessons, and tips tailored to different learning preferences. The content is focused on providing clear, accurate financial education for beginners and more seasoned finance seekers looking to deepen their money mastery. ### Is the content in learning specific to my country? Origin aims to provide global financial education. Coming in 2024, we will expand our Learning library to include country-specific content for our top markets. Currently, most Learning resources focus on core money concepts like budgeting, saving, investing, retirement planning, and other foundational personal finance topics that apply across regions. In 2024, we will introduce country-specific Learning content for our top markets including: - Canada - United Kingdom - Australia - Ireland - India The country-specific content will include articles, lessons, and quizzes tailored to the financial landscape, regulations, investment products, tax laws, and money best practices relevant in each region. This localized educational content will help improve financial literacy within each member's unique context. ### What types of equity awards can you track? We can track all the main types of equity awards, including: - Restricted stock units (RSUs): RSUs are granted to employees and vest over a period of time. When the RSUs vest, the employee receives the underlying shares of stock. - Stock options (ISOs and NSOs): ISOs and NSOs give employees the right to purchase shares of stock at a specified price, called the exercise price. The employee can exercise the options when the stock price is above the exercise price, which means they can make a profit. - Generic shares: Generic shares are shares of stock that are not subject to any special restrictions. We also track the vesting schedules, current valuations, and tax implications of your equity awards—so you can make informed decisions about your equity, such as when to exercise your options or sell your shares. ### Does Origin's platform provide guidance on equity decisions? Absolutely! In addition to providing personalized guidance, we offer a range of tools and resources that can help you better understand and manage your equity compensation. These include the following: - Equity modeling tool: Our intuitive equity modeling tool allows you to simulate different scenarios for exercising your stock options. - Equity tracking: Our platform allows you to track all of your equity awards in one place, including vesting schedules, current valuations, and tax implications. - Financial education resources: We offer a range of resources that teach the basics of equity compensation, plus more advanced topics like tax optimization and exercise strategies. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836260268&cv=11&fst=1741836260268&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fproducts%2Femployer-products&hn=www.googleadservices.com&frm=0&tiba=Financial%20Tools%20for%20Your%20Employees%20%7C%20Origin%20Financial&npa=0&pscdl=noapi&auid=1439915263.1741836260&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## AI Financial Guidance We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/products/guidance#main) AI-Powered Guidance The Sidekick yourmoney deserves Create personalized financial strategies with the help of Sidekick, your AI-powered assistant. Portfolio Optimization Understand your position across accounts, uncover hidden fees, and find ways to optimize your portfolio and boost your investments. Cash Flow Analysis Gain deep insights into your spending habits, optimize your cash flow, and create a plan to effectively manage your debt. Long Term Planning Craft a personalized strategy to secure your financial future, from savings protection to retirement success. You have money questions. We have money answers. Being informed can help you make smarter decisions when it comes to managing your money. Leverage AI insights to confidently steer your financial journey, from budgeting to retirement. What expenses can I cut to make room in my budget? How much can I contribute to a Roth IRA? When can I afford to buy a car? Which of my stocks are performing best? Do I need an estate plan? What expenses can I cut to make room in my budget? How much can I contribute to a Roth IRA? When can I afford to buy a car? Which of my stocks are performing best? Do I need an estate plan? What is my exposure to tech stocks? How can I reduce my spending? What are my top 5 spending categories? Am I on track with my budget for the month? How does equity compensation work? What is my exposure to tech stocks? How can I reduce my spending? What are my top 5 spending categories? Am I on track with my budget for the month? How does equity compensation work? Proactive Notifications Keep a pulseon your money Real-time notifications so you never miss a beat when it comes to your money. Spending Changes Get instant alerts on key changes to your spending, investments, credit score, and more. Weekly Market Recaps Access the latest market insights and track the top movers in your portfolio. Credit Score Alerts Get notified if your credit score changes, so you can respond quickly. Certified Financial Planners® Financial planningfrom the experts Book a one-on-one session with one of Origin's Certified Financial Professionals® for tailored guidance and actionable steps. ![]()![](https://www.datocms-assets.com/136830/1724725227-guidance-planners-primary-large.png?auto=format&fit=max&q=75&w=2500) ![]()![](https://www.datocms-assets.com/136830/1724357068-guidance-planners-secondary-large.jpg?auto=format&fit=max&q=75&w=2500) Buy a home Build an emergency fund Invest for retirement Pay down debt Save for a vacation Certified & Professional Leverage the expertise of planners from top firms with decades of combined experience. Affordable Expertise Access CFP® professionals for just $119/session—a smart investment in your financial future. Results Driven Get targeted advice for whatever you and your family's goals may be. ### FAQs ## Got questions? Find answers. ### What qualifications do Origin planners have? Our financial planners are all CERTIFIED FINANCIAL PLANNER® professionals (CFP®). This certification is one of the highest standards of competency, ethics, and professionalism in the finance industry. To achieve this certification, planners must meet extensive requirements for education, exam, and professional experience and adhere to strict ethical standards. Some of our CERTIFIED FINANCIAL PLANNER® professionals hold additional credentials such as Enrolled Agents or Chartered Financial Analysts. Origin planners come from leading firms like Morgan Stanley, Charles Schwab, Merrill Lynch, and Fidelity. They have an average of 8 years of experience, with the most seasoned boasting up to 20 years. Our planning network includes 33% women, exceeding the Certified Financial Planner® standard of 23%. CFP® professionals also act as fiduciaries when providing financial advice to a client, which means they are legally and ethically bound to act in the best interest of their clients, putting client interests ahead of their own. ### How does Sidekick work? Sidekick is AI-powered financial guidance. Sidekick leverages generative AI and algorithmic models along with Origin's financial expertise to deliver personalized financial guidance. After connecting your financial accounts, Sidekick reviews your spending patterns, investments, and full financial profile to gain an understanding of your unique situation. It then provides insightful recommendations and answers tailored to you. ### Is my financial data secure with Sidekick? At Origin, we take data security seriously and make it our top priority to keep your personal financial information safe, private, and used only to benefit you. We utilize bank-level 256-bit AES encryption and data is transmitted securely via HTTPS protocols. Our systems are monitored 24/7 and we partner only with industry-leading data hosting and security providers. Sidekick uses your data solely to analyze your financial situation and provide personalized recommendations. It does not share or save your data. To learn more about how Origin uses your data, see [our privacy policy](https://www.useorigin.com/legal/privacy-policy). We will never sell, share, or use your data for any purpose beyond serving you. You can connect/disconnect account access at any time. 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By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/products/investing#main) Cash Account Maximize your savings Earn a boosted 4.58% APY by getting an additional 0.5% APY on top of our variable 4.08% APY base rate. See how much you can earn with Origin over a year. Enter a dollar amount to grow:Calculate $1 Earned 0.01% $47 Earned 0.47% $400 Earned 4% $420.51 Earned Boosted to 4.58% APY National Savings Account Average Origin Cash Account Sky High Rate With our limited time offer, you can earn an additional 0.5% APY on our current base APY. Easy Access With no withdrawal restrictions or fees you can easily access your cash whenyou need it. Safe and Secure Your money is FDIC insured up to $250,000 through our partner banks. View Footnotes The Cash Management Account base APY is 4.08% as of March 10, 2025.  APY is variable and subject to change at any time without notice.  No minimum opening deposit or minimum balance is required. Comparison rates for Chase and Wealthfront are as of January 10, 2025. Source for National Savings Account Average: [https://www.usnews.com/banking/articles/what-is-a-good-interest-rate-on-a-savings-account#:~:text=The%20average%20national%20interest%20rate,accounts%20might%20drop%20in%202024.](https://www.usnews.com/banking/articles/what-is-a-good-interest-rate-on-a-savings-account#:~:text=The%20average%20national%20interest%20rate,accounts%20might%20drop%20in%202024.) Blend Financial Inc. DBA Origin Financial and its affiliated entities (collectively, “Origin”) are not banks, and Origin is not an FDIC-insured depository institution.  The Cash Management Account (the “Account”) is not a checking or savings account.  The Account is offered within the Origin application, through a sweep arrangement with DriveWealth LLC, utilizing DriveWealth’s program banks (each, a “Program Bank”, and together, the “Program Banks”).  Balances associated with the Account are held by the Program Banks and protected by the FDIC’s insurance coverage up to the maximum deposit insurance limits through the applicable Program Bank.  The Account is not offered by Origin Investment Advisory LLC and is not an investment advisory service. Stock Bundles Invest in line with your interests From tracking the industry titans to savvy business strategists, discover new ways to invest in stocks. ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384202-icon-cloud-capital.png&w=256&q=75) Cloud Capital Soar to new heights with cloud computing leaders, featuring top performers in the ISE CTA Cloud Computing Index. ![](https://www.datocms-assets.com/136830/1724867474-logos-cloud-capital.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384217-icon-chip-champions.png&w=256&q=75) Chip Champions Dive into the heart of innovation with this bundle of semiconductor leaders who are shaping our digital future. ![](https://www.datocms-assets.com/136830/1724867473-logos-chip-champions.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384236-icon-future-mobility.png&w=256&q=75) Future Mobility Charge into the future with the the leading US-traded companies driving the electric and autonomous vehicle revolution. ![](https://www.datocms-assets.com/136830/1724867481-logos-future-mobility.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384250-icon-travel-titans.png&w=256&q=75) Travel Titans Embark on a journey with diverse hospitality and travel leaders, spanning from luxury hotels to cutting-edge airlines and everything in between. ![](https://www.datocms-assets.com/136830/1724867492-logos-travel-titans.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384267-icon-content-kings.png&w=256&q=75) Content Kings Plug into the digital entertainment revolution with this curated selection of streaming and gaming giants. ![](https://www.datocms-assets.com/136830/1724867476-logos-content-kings.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384284-icon-pure-power.png&w=256&q=75) Pure Power Energize your portfolio with the industry leaders of America's clean energy revolution. ![](https://www.datocms-assets.com/136830/1724867489-logos-pure-power.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384296-icon-gentle-giants.png&w=256&q=75) Gentle Giants Smooth out your investment journey with this carefully curated selection of low-volatility stalwarts from the S&P 500. ![](https://www.datocms-assets.com/136830/1724867483-logos-gentle-giants.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384313-icon-future-factories.png&w=256&q=75) Future Factories Manufacture your portfolio with the pioneers of smart factory technology. ![](https://www.datocms-assets.com/136830/1724867479-logos-future-factories.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384327-icon-ocean-orbit.png&w=256&q=75) Ocean & Orbit Venture beyond the horizon with pioneers charting the final frontiers of space and sea. ![](https://www.datocms-assets.com/136830/1724867486-logos-ocean-orbit.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384341-icon-principled-properties.png&w=256&q=75) Principled Properties Invest in properties with purpose through this collection of top-tier ESG-focused real estate investment trusts. ![](https://www.datocms-assets.com/136830/1724867487-logos-principled-properties.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384353-icon-dividend-deluxe.png&w=256&q=75) Dividend Deluxe Harvest steady returns with elite dividend champions boasting a decade-plus payout streak. ![](https://www.datocms-assets.com/136830/1724867478-logos-dividend-deluxe.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384365-icon-buybackers.png&w=256&q=75) Buybackers Capitalize on corporate confidence with this bundle of top-tier stock repurchasers from the Nasdaq US Buyback Achievers Index. ![](https://www.datocms-assets.com/136830/1724867471-logos-buybackers.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384377-icon-midcap-movers.png&w=256&q=75) Midcap Movers Tap into the sweet spot of the market with this diverse selection of mid-cap leaders, blending growth potential with relative stability across key sectors. ![](https://www.datocms-assets.com/136830/1724867484-logos-midcap-movers.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384405-icon-queen-bee-capital.png&w=256&q=75) Queen Bee Capital Empower your portfolio with trailblazing companies led by women CEOs, championing diversity at the highest levels of corporate leadership. ![](https://www.datocms-assets.com/136830/1724867490-logos-queen-bee-capital.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384420-icon-buffetts-picks.png&w=256&q=75) Buffett's Picks Channel the Oracle of Omaha's wisdom with this curated selection of Berkshire Hathaway's top 20 holdings. ![](https://www.datocms-assets.com/136830/1724867469-logos-buffetts-picks.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384202-icon-cloud-capital.png&w=256&q=75) Cloud Capital Soar to new heights with cloud computing leaders, featuring top performers in the ISE CTA Cloud Computing Index. ![](https://www.datocms-assets.com/136830/1724867474-logos-cloud-capital.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384217-icon-chip-champions.png&w=256&q=75) Chip Champions Dive into the heart of innovation with this bundle of semiconductor leaders who are shaping our digital future. ![](https://www.datocms-assets.com/136830/1724867473-logos-chip-champions.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384236-icon-future-mobility.png&w=256&q=75) Future Mobility Charge into the future with the the leading US-traded companies driving the electric and autonomous vehicle revolution. ![](https://www.datocms-assets.com/136830/1724867481-logos-future-mobility.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384250-icon-travel-titans.png&w=256&q=75) Travel Titans Embark on a journey with diverse hospitality and travel leaders, spanning from luxury hotels to cutting-edge airlines and everything in between. ![](https://www.datocms-assets.com/136830/1724867492-logos-travel-titans.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384267-icon-content-kings.png&w=256&q=75) Content Kings Plug into the digital entertainment revolution with this curated selection of streaming and gaming giants. ![](https://www.datocms-assets.com/136830/1724867476-logos-content-kings.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384284-icon-pure-power.png&w=256&q=75) Pure Power Energize your portfolio with the industry leaders of America's clean energy revolution. ![](https://www.datocms-assets.com/136830/1724867489-logos-pure-power.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384296-icon-gentle-giants.png&w=256&q=75) Gentle Giants Smooth out your investment journey with this carefully curated selection of low-volatility stalwarts from the S&P 500. ![](https://www.datocms-assets.com/136830/1724867483-logos-gentle-giants.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384313-icon-future-factories.png&w=256&q=75) Future Factories Manufacture your portfolio with the pioneers of smart factory technology. ![](https://www.datocms-assets.com/136830/1724867479-logos-future-factories.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384327-icon-ocean-orbit.png&w=256&q=75) Ocean & Orbit Venture beyond the horizon with pioneers charting the final frontiers of space and sea. ![](https://www.datocms-assets.com/136830/1724867486-logos-ocean-orbit.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384341-icon-principled-properties.png&w=256&q=75) Principled Properties Invest in properties with purpose through this collection of top-tier ESG-focused real estate investment trusts. ![](https://www.datocms-assets.com/136830/1724867487-logos-principled-properties.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384353-icon-dividend-deluxe.png&w=256&q=75) Dividend Deluxe Harvest steady returns with elite dividend champions boasting a decade-plus payout streak. ![](https://www.datocms-assets.com/136830/1724867478-logos-dividend-deluxe.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384365-icon-buybackers.png&w=256&q=75) Buybackers Capitalize on corporate confidence with this bundle of top-tier stock repurchasers from the Nasdaq US Buyback Achievers Index. ![](https://www.datocms-assets.com/136830/1724867471-logos-buybackers.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384377-icon-midcap-movers.png&w=256&q=75) Midcap Movers Tap into the sweet spot of the market with this diverse selection of mid-cap leaders, blending growth potential with relative stability across key sectors. ![](https://www.datocms-assets.com/136830/1724867484-logos-midcap-movers.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384405-icon-queen-bee-capital.png&w=256&q=75) Queen Bee Capital Empower your portfolio with trailblazing companies led by women CEOs, championing diversity at the highest levels of corporate leadership. ![](https://www.datocms-assets.com/136830/1724867490-logos-queen-bee-capital.svg) ![](https://www.useorigin.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F136830%2F1725384420-icon-buffetts-picks.png&w=256&q=75) Buffett's Picks Channel the Oracle of Omaha's wisdom with this curated selection of Berkshire Hathaway's top 20 holdings. ![](https://www.datocms-assets.com/136830/1724867469-logos-buffetts-picks.svg) View Footnotes Investments in Stock Bundles involve direct ownership of individual stocks and are not managed by Origin Investment Advisory LLC. Stock Bundles are thematic and do not guarantee a diversified portfolio. Stock Bundles are provided for informational purposes only. Stock Bundles are not intended to be personal investment advice or an individualized recommendation. Investing involves risk.  Investors should consider their financial situation, risk tolerance, and investment objectives before investing. Past performance is not indicative of future results, and investing in stocks involves the risk of loss, including loss of principal. Each investor is responsible for their investment decisions. Please consult your financial advisor to ensure that any investment meets your specific needs.  For additional important risks, disclosures, and information, please visit [https://www.useorigin.com/legal](https://www.useorigin.com/legal). Automated Investing Limit your effort,maximize yourreturns Keep more of your returns with our AUM fee-free global index portfolio, tailored to your style. Personalized We'll create a personalized portfolio tailored to your risk tolerance and time horizon. Diversified Made up of globally-diversified stocks and bonds, our funds are designed to maximize returns for each unit of risk you're willing to take on. Fully Automated Our technology handles the trading and rebalancing, and with recurring deposits you can truly set it and forget it. View Footnotes The graph is a hypothetical illustration to demonstrate how asset management fees can impact portfolio returns. An investor may have outcomes that are different than what is displayed. All investments have risk and this graph does not represent typical market and investment performance. Origin investment accounts do not have any AUM fees. However underlying funds held in these accounts may charge their own expense ratios, which are deducted directly from the balance of the funds. Expenses charged by our custodian, DriveWealth, may still apply to Origin investment accounts. A list of all possible fees charged by our custodian is presented as part of the account opening process. Portfolio Management Let AI power up your investment game Have a question about your investments? Ask Sidekick, your AI-powered financial assistant. Visibility across investments Connect all your investments to see your full position across accounts. Portfolio analysis Let Sidekick analyze your portfolio and provide tailored guidance to align with your long-term goals. Proactive notifications Get timely notifications on significant portfolio changes and weekly market updates. Uncover hidden costs Easily understand your total investment fees across all accounts with Sidekick's fee analysis. Your investments should be diversified,where you track them shouldn't. Connect all your investing accounts today. ![](https://www.datocms-assets.com/136830/1723324220-robinhood.svg) ![](https://www.datocms-assets.com/136830/1723324451-wells-fargo.svg) ![](https://www.datocms-assets.com/136830/1723324477-betterment.svg) ![](https://www.datocms-assets.com/136830/1723324487-charles-schwab.svg) ![](https://www.datocms-assets.com/136830/1723324495-etrade.svg) ![](https://www.datocms-assets.com/136830/1723324505-wealthfront.svg) \+ Thousands More ### FAQs ## Got questions? Find answers. ### Is investing with Origin right for me? Our investment products cater to both novice and experienced investors looking for a way to put their money to work. Investors looking for a simple, automated solution will find that our Automated Index account provides global diversification and continually analyzes ways to optimize. Portfolios are tailored to your risk tolerance and Origin handles all the trading and rebalancing to maximize for each unit of risk you're willing to take on. Our Stock Bundles account are for investors looking for a more hands on, self-directed approach. You can browse our many curated collections of stocks which are designed by Origin's investment team and grouped by market trend, sector, or business opportunity. These bundles are not "robo" managed or part of a discretionary portfolio, so it gives members the opportunity to invest in multiple stocks more easily and manage their portfolio themselves. You have the flexibility to adjust the weighting of individual stocks within the bundle to your preference. ### How are Origin's investment accounts different from competitors? Origin's investment offerings are unique in that we don't charge any asset under management (AUM) fees, which means investors keep more of their returns by investing with us. For an investor looking to contribute regularly over a longer period of time, no AUM fees means they could be saving tens to hundreds of thousands of dollars by investing with Origin. ### How much money do I need to get started? We don't have a minimum amount across any of our accounts. You can start with one dollar if you so please. Whether you're just beginning your investing journey or have been at it for years, you can open an Origin investment or cash account and start putting your money to work with whatever amount you're comfortable with. We designed our platform to be accessible to anyone who wants to grow their wealth over time. That means our low-cost, globally diversified portfolios are optimized regardless of your starting investment amount. ### Is my money secure on Origin? Absolutely. The security of our customers' data and money is our top priority. Any money you invest through Origin is held by our custodian, DriveWealth, and is insured through SIPC for up to $500,000. Our Cash Account is also FDIC insured up to $250,000 through partner banks. On top of institutional protection, we use advanced encryption, hardware security keys, and industry-standard bank-level security measures to safeguard your account and data. Our security team is constantly going through rigorous inspections and tests, including routine auditing from non-affiliated 3rd party security firms. For more info on our security measures, read [here](https://useoriginsupport.zendesk.com/hc/en-us). The Cash Management Account promotion entitles eligible users to receive a 0.50% APY increase over the standard base APY. The base rate as of March 10, 2025 is 4.08% APY. The standard base APY is variable and subject to change at any time without notice. Terms and conditions apply. The Cash Management Account promotion entitles eligible users to receive a 0.50% APY increase over the standard base APY. The base rate as of January 10, 2025 is 4.50% APY. The standard base APY is variable and subject to change at any time without notice. Terms and conditions apply. Origin is not an FDIC-insured depository institution. FDIC insurance is provided through Program Banks and protected by the FDIC’s insurance coverage up to the maximum deposit insurance limits. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836259827&cv=11&fst=1741836259827&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c1v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fproducts%2Finvesting&hn=www.googleadservices.com&frm=0&tiba=Getting%20Started%20with%20Investing%20%7C%20Origin%20Financial&npa=0&pscdl=noapi&auid=36939087.1741836259&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Manage Your Spending We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/products/spending#main) Unite your finances. Link all your accounts to track all your expenses in a single place. ![](https://www.datocms-assets.com/136830/1732036000-icon-citi.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-capital-one.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-chase.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-wells-fargo.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-amex.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-boa.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-charles-schwab.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-ally.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-discover.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-marcus.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-citi.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-capital-one.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-chase.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-wells-fargo.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-amex.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-boa.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-charles-schwab.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-ally.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-discover.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-marcus.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-citi.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-capital-one.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-chase.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-wells-fargo.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-amex.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-boa.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-charles-schwab.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-ally.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-discover.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-marcus.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-citi.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-capital-one.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-chase.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-wells-fargo.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-amex.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-boa.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-charles-schwab.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-ally.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-discover.svg) ![](https://www.datocms-assets.com/136830/1732036000-icon-marcus.svg) Line of sightinto your spending. Track money coming in and out to understand your full financial picture. ![]()![](https://www.datocms-assets.com/136830/1732140812-spending-track.jpg?auto=format&fit=max&q=75&w=1500) All In One Place Keep track of all your transactions,across all your accounts in one list. Cash Flow Breakdown Get a summary of your income and expenses to view your savings rate. Custom Filtering and Sorting Filter and sort transactions by category, date range, or accounts. Hide transactions and define rules for easy categorization. Budgetingmade easy. Create a personalized budget in just a few clicks and track your progress. ![]()![](https://www.datocms-assets.com/136830/1733178031-spending-budget.jpg?auto=format&fit=max&q=75&w=1500) Personalized Add custom categories to break down your spending in a way that makes sense for you. Track Your Progress Get proactive notifications to help you stay on track. Fully Automated Origin automatically categorizes your expenses. Add custom rules to organize your transactions in a way that makes sense for you. Keep a pulse on your spending. Try Origin for free today. [Get Started](https://app.useorigin.com/sign-up) Get personalizedinsights on yourspending. Visualize where your money is going with comprehensive reports. ![]()![](https://www.datocms-assets.com/136830/1732578311-spending-insights.jpg?auto=format&fit=max&q=75&w=1500) Bills and Subscriptions Plan ahead with bill and subscription tracking, all in one place. Credit Score Tracking Get alerts when your score changes and learn what factors drive it. Spend Trends Discover spending insights, such as your top merchants and most frequent expenses. Even more waysto break downyour spending. Edit transactions Add transactions Create transaction notes Download CSV Advanced rules Tags ![]()![](https://www.datocms-assets.com/136830/1732577349-spending-privacy.jpg?auto=format&fit=max&q=75&w=1500) Safe and secure. We protect your data with advanced encryption, strict data privacy procedures and are FDIC-insured through partner banks. ## Got questions? Find answers. ### Can I add my partner to Origin? Yes, Origin offers partner access so that you can manage your transactions as a unit. You can filter your spending transactions by member, so you can see which transactions are yours and which are theirs. ### Can I edit and add transactions? Yes, you can edit and add transactions in Origin. ### Can I import transactions? Yes, we support CSV upload. You can upload a .csv file of your transactions and we'll import them to Origin. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836259691&cv=11&fst=1741836259691&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fproducts%2Fspending&hn=www.googleadservices.com&frm=0&tiba=Track%20where%20your%20money%20is%20going&npa=0&pscdl=noapi&auid=1037087368.1741836259&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Tax Filing Services We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/products/tax#main) ![]()![](https://www.datocms-assets.com/136830/1732577349-spending-privacy.jpg?auto=format&fit=max&q=75&w=1500) Accurate, secure, andstress-free tax filing. We partner with Column Tax to bring you in-app tax filing that is vetted by the IRS and secured by bank-grade encryption. Navigate every scenarioat no extra cost. Origin handles all tax complexities Federal filing Multi-state filing All state filings Investments (stocks, bonds, ESPPs, crypto) Stock compensation (RSUs, ISOs, NSOs) Additional income (small business, rental property) Partnership income (K-1s, etc.) Itemized deductions ## Got questions? Find answers. ### When can I file my taxes with Origin? Starting in January 2025 you'll be able to access the tax filing solution within the Origin app. ### How much does it cost to file my taxes with Origin? Origin offers a free in-app tax filing option for Origin subscribers and those on our free trial. If you're comfortable navigating your tax return independently, you can use our guided flow at no additional cost. This option provides a user-friendly interface designed to walk you through the tax filing process step by step, making self-filing straightforward and accessible. Our free tax filers have access to best-in-class customer support via the help menu. For those seeking additional support and professional guidance, we offer an Expert Assisted Tax Filing service for $189. This option includes comprehensive support from the experts at Column Tax. With this service, you'll receive: - Direct professional guidance through your entire tax filing process - On-demand support via phone or screen share - Real-time answers to your tax-related questions - A thorough final review of your tax return - A professional stamp of approval before submission This option is ideal for those who want extra reassurance and professional oversight during their tax filing. ### Am I covered if I get audited? Our partners at Column Tax provide full audit support, meaning in the unlikely event you get an audit letter from the IRS, the team will work with you to know what to expect and how to prepare. ### Can I file jointly with my partner? What about separately? Yes, you can file jointly with your partner. We only allow members to file one tax return per Origin account. What about separately? You can file as married filing separately; however, only one individual in the household can file with Origin. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836267904&cv=11&fst=1741836267904&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102308675~102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fproducts%2Ftax&hn=www.googleadservices.com&frm=0&tiba=Tax%20Filing%20%7C%20Origin%20Financial&npa=0&pscdl=noapi&auid=588560093.1741836268&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Financial Wellness Resources We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources#main) [Featured Article\\ \\ File Your Taxes for Free With Origin\\ \\ 1.15.2025\\ \\ ![File your taxes on Origin.](https://images.ctfassets.net/agrlvtq28rka/2Zes5pxWiaZk75qDwmFIjz/76ae35331083da908509b616e496efc6/open_graph.png?fm=webp&w=3840&q=80)](https://www.useorigin.com/resources/blog/free-tax-filing-origin) Articles Deep dives into personal finance [Financial Wellness\\ \\ How Leading Companies Build Effective Financial Wellness Programs\\ \\ 3.3.2025](https://www.useorigin.com/resources/blog/how-leading-companies-build-effective-financial-wellness-programs) [Financial Wellness\\ \\ How to Set Financial Wellness Goals for 2025\\ \\ 2.28.2025](https://www.useorigin.com/resources/blog/how-to-set-financial-wellness-goals-for-2025) [Personal Finance\\ \\ 4 Tips to Help You Save on Your 2024 Taxes\\ \\ 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Here’s Why Origin Is the Best Mint Replacement.\\ \\ 11.12.2024](https://www.useorigin.com/resources/blog/mint-replacement-origin-financial-one-year-since-mint-shutdown) [Financial Wellness\\ \\ The Future of Financial Wellness Benefits: Trends to Watch\\ \\ 11.11.2024](https://www.useorigin.com/resources/blog/the-future-of-financial-wellness-benefits-trends-to-watch) [Personal Finance\\ \\ How to Prep for an Origin Planner Session\\ \\ 11.11.2024](https://www.useorigin.com/resources/blog/how-to-prep-for-an-origin-planner-session) [Estate Planning\\ \\ Considerations For Non-Probate Assets\\ \\ 11.6.2024](https://www.useorigin.com/resources/blog/considerations-for-non-probate-assets) [Financial Wellness\\ \\ The ROI of Offering Financial Wellness Benefits to Employees\\ \\ 11.1.2024](https://www.useorigin.com/resources/blog/the-roi-of-offering-financial-wellness-benefits-to-employees) [Estate Planning\\ \\ Choosing the Right Executor for Your Estate\\ \\ 10.30.2024](https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate-plan) [Estate Planning\\ \\ Charitable Giving in Estate Planning\\ \\ 10.23.2024](https://www.useorigin.com/resources/blog/charitable-giving-in-estate-planning) [Estate Planning\\ \\ Can A Successor Trustee Change Or Restate A Trust?\\ \\ 10.16.2024](https://www.useorigin.com/resources/blog/can-a-successor-trustee-change-or-restate-a-trust) [Announcements\\ \\ NEW: Our High-Yield Cash Account Promo Gives You an Additional 0.5% On Top of Our Market-Beating APY\\ \\ 10.10.2024](https://www.useorigin.com/resources/blog/origin-high-yield-cash-account-rate) [Financial Wellness\\ \\ Financial Education for Employees — Why It's So Important\\ \\ 10.9.2024](https://www.useorigin.com/resources/blog/financial-education-for-employees-why-its-so-important) [Estate Planning\\ \\ As a Beneficiary Of A Trust — What Should I Look Out For?\\ \\ 10.9.2024](https://www.useorigin.com/resources/blog/as-a-beneficiary-of-a-trust-what-should-i-look-out-for) [Personal Finance\\ \\ How to Assess Your Retirement Readiness With Sidekick, Our AI Financial Assistant\\ \\ 10.8.2024](https://www.useorigin.com/resources/blog/how-to-assess-your-retirement-readiness-with-sidekick-our-ai-financial) [Announcements\\ \\ Our Exciting New Spending Features Make Your Budget Even More Customizable\\ \\ 9.30.2024](https://www.useorigin.com/resources/blog/new-spending-features-make-your-budget-more-customizable) [Estate Planning\\ \\ How To Revoke Or Terminate Your Living Trust\\ \\ 9.26.2024](https://www.useorigin.com/resources/blog/how-to-revoke-or-terminate-your-living-trust) [Estate Planning\\ \\ The Difference Between Life Insurance And An Estate Plan\\ \\ 9.24.2024](https://www.useorigin.com/resources/blog/the-difference-between-life-insurance-and-an-estate-plan) [Announcements\\ \\ Stock Bundles: A New Way to Discover and Invest \\ \\ 9.24.2024](https://www.useorigin.com/resources/blog/stock-bundles-discover-invest-diversify-portfolio) [Financial Wellness\\ \\ Why Providing Financial Wellness Benefits for Employees Is So Important\\ \\ 9.24.2024](https://www.useorigin.com/resources/blog/why-providing-financial-wellness-benefits-for-employees-is-so-important) [Estate Planning\\ \\ The Difference Between A Will And A Trust\\ \\ 9.19.2024](https://www.useorigin.com/resources/blog/what-is-the-difference-between-a-will-and-a-trust) [Personal Finance\\ \\ The Importance of Diversification\\ \\ 9.18.2024](https://www.useorigin.com/resources/blog/the-importance-of-diversification) [Estate Planning\\ \\ Why Procrastinating Your Will Is A Bad Idea\\ \\ 9.17.2024](https://www.useorigin.com/resources/blog/why-procrastinating-your-will-is-a-bad-idea) [Announcements\\ \\ How Sidekick, Our AI Financial Assistant, Can Help Optimize Your Investments\\ \\ 9.16.2024](https://www.useorigin.com/resources/blog/how-ai-financial-assistant-help-investments) [Estate Planning\\ \\ Why You Should Talk To Your Kids About Estate Planning\\ \\ 9.12.2024](https://www.useorigin.com/resources/blog/why-you-should-talk-to-your-kids-about-estate-planning) [Estate Planning\\ \\ You Just Inherited Money Or Assets—Here's What To Do With It\\ \\ 9.10.2024](https://www.useorigin.com/resources/blog/you-just-inherited-money-or-assets-heres-what-to-do-with-it) [Announcements\\ \\ Introducing Origin’s Referral Program \\ \\ 9.6.2024](https://www.useorigin.com/resources/blog/referral-program) [Estate Planning\\ \\ Life Stages That Impact Your Estate Plan\\ \\ 9.5.2024](https://www.useorigin.com/resources/blog/life-stages-that-impact-your-estate-plan) [Announcements\\ \\ New in Origin: Investing, Savings, and AI Tools Make Wealth-Building Easy and Approachable\\ \\ 9.5.2024](https://www.useorigin.com/resources/blog/new-in-origin-investing-savings-and-ai-tools-make-wealth-building-easy-and) [Announcements\\ \\ New in Origin: Apple Card Integration \\ \\ 9.4.2024](https://www.useorigin.com/resources/blog/apple-card-integration) [Estate Planning\\ \\ Navigating Multiple Marriages and Estate Planning\\ \\ 9.3.2024](https://www.useorigin.com/resources/blog/navigating-multiple-marriages-and-estate-planning) [Estate Planning\\ \\ Official Guide To The Rules On Gifting\\ \\ 8.29.2024](https://www.useorigin.com/resources/blog/official-guide-to-the-rules-on-gifting) [Estate Planning\\ \\ Things To Consider For Children In Your Estate Plan\\ \\ 8.27.2024](https://www.useorigin.com/resources/blog/things-to-consider-for-children-in-your-estate-plan) [Estate Planning\\ \\ What Is A Living Trust, And Do I Need One?\\ \\ 8.22.2024](https://www.useorigin.com/resources/blog/what-is-a-living-trust-and-do-i-need-one) [Estate Planning\\ \\ The Difference Between A Living Will And Will\\ \\ 8.20.2024](https://www.useorigin.com/resources/blog/the-difference-between-a-living-will-and-will) [Personal Finance\\ \\ Origin's State of Personal Finance Apps - 2024\\ \\ 8.16.2024](https://www.useorigin.com/resources/blog/origins-state-of-personal-finance-apps-2024) [Estate Planning\\ \\ Creating Your Last Will and Testament: A Simple Guide\\ \\ 8.15.2024](https://www.useorigin.com/resources/blog/creating-your-last-will-and-testament-a-simple-guide) [Estate Planning\\ \\ Do I Need An Estate Plan If I'm Not Wealthy?\\ \\ 8.13.2024](https://www.useorigin.com/resources/blog/do-i-need-an-estate-plan-if-im-not-wealthy) [Estate Planning\\ \\ How To Fund A Trust\\ \\ 8.8.2024](https://www.useorigin.com/resources/blog/how-to-fund-a-trust-basics) [Personal Finance\\ \\ What Does a Certified Financial Planner Do, Anyway?\\ \\ 8.7.2024](https://www.useorigin.com/resources/blog/what-to-ask-a-cfp) [Estate Planning\\ \\ How to Notarize Your Will: A Step-by-Step Guide\\ \\ 8.6.2024](https://www.useorigin.com/resources/blog/how-to-notarize-your-will-a-step-by-step-guide) [Personal Finance\\ \\ 🔎 What's happening to the stock market today?\\ \\ 8.5.2024](https://www.useorigin.com/resources/blog/whats-happening-to-the-stock-market-today) [Estate Planning\\ \\ Estate Planning After Getting A Divorce\\ \\ 8.1.2024](https://www.useorigin.com/resources/blog/estate-planning-after-getting-a-divorce) [Estate Planning\\ \\ Estate Planning Tips for Single Parents\\ \\ 7.30.2024](https://www.useorigin.com/resources/blog/estate-planning-tips-for-single-parents) [Estate Planning\\ \\ How To Avoid Probate\\ \\ 7.25.2024](https://www.useorigin.com/resources/blog/how-to-avoid-probate-court) [Estate Planning\\ \\ How To Create A Living Trust\\ \\ 7.23.2024](https://www.useorigin.com/resources/blog/how-to-create-a-living-trust) [Estate Planning\\ \\ Are Heirs Responsible For Credit Card Debt Of A Deceased Person?\\ \\ 7.19.2024](https://www.useorigin.com/resources/blog/are-heirs-responsible-for-credit-card-debt-of-a-deceased-person) [Estate Planning\\ \\ 10 Costly Errors That Executors Make\\ \\ 7.17.2024](https://www.useorigin.com/resources/blog/10-costly-errors-that-executors-make) [Estate Planning\\ \\ 401k Beneficiaries vs Will Beneficiaries: Which Document Wins?\\ \\ 7.15.2024](https://www.useorigin.com/resources/blog/401k-beneficiaries-vs-will-beneficiaries-which-document-wins) [Estate Planning\\ \\ 3 Estate Planning Mistakes (And How To Avoid Them)\\ \\ 7.10.2024](https://www.useorigin.com/resources/blog/3-estate-planning-mistakes-and-how-to-avoid-them) [Personal Finance\\ \\ Understanding Employee Equity: The Basics of Terms, Taxes, and Selling\\ \\ 7.10.2024](https://www.useorigin.com/resources/blog/understanding-employee-equity-taxes-selling) [Estate Planning\\ \\ 7 Things To Avoid Putting In Your Will\\ \\ 7.9.2024](https://www.useorigin.com/resources/blog/7-things-to-avoid-putting-in-your-will) [Announcements\\ \\ What's new in Origin: Q2 2024\\ \\ 6.28.2024](https://www.useorigin.com/resources/blog/whats-new-in-origin-q2-2024) [Financial Wellness\\ \\ Financial Wellness Stats for 2024\\ \\ 6.25.2024](https://www.useorigin.com/resources/blog/financial-wellness-stats-you-need-to-know-in-2024) [Financial Wellness\\ \\ How to Calculate Your Financial Wellness Score\\ \\ 6.25.2024](https://www.useorigin.com/resources/blog/how-to-calculate-your-financial-wellness-score) [Financial Wellness\\ \\ How to write an open enrollment email to your employees \\ \\ 6.25.2024](https://www.useorigin.com/resources/blog/how-to-choose-the-right-open-enrollment-communication-template-for-your) [Estate Planning\\ \\ Choosing the Right Executor for Your Estate\\ \\ 6.12.2024](https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate) [Personal Finance\\ \\ Mortgage rates are painful right now. Here are 5 ways to make your mortgage cheaper.\\ \\ 5.14.2024](https://www.useorigin.com/resources/blog/5-ways-to-make-your-mortgage-cheaper) [Estate Planning\\ \\ Preserving Your Legacy Beyond Finances\\ \\ 5.8.2024](https://www.useorigin.com/resources/blog/preserving-your-legacy-beyond-finances) [Estate Planning\\ \\ How to Avoid Probate\\ \\ 5.7.2024](https://www.useorigin.com/resources/blog/how-to-avoid-probate) [Estate Planning\\ \\ Understanding Roles & Responsibilities Included In An Estate Plan\\ \\ 5.7.2024](https://www.useorigin.com/resources/blog/understanding-roles-and-responsibilities-included-in-an-estate-plan) [Estate Planning\\ \\ Things to Consider When Updating Your Estate Plan\\ \\ 5.7.2024](https://www.useorigin.com/resources/blog/things-to-consider-when-updating-your-estate-plan) [Estate Planning\\ \\ Estate Planning Basics\\ \\ 5.7.2024](https://www.useorigin.com/resources/blog/estate-planning-basics) [Estate Planning\\ \\ The Difference Between a Will and a Trust\\ \\ 5.6.2024](https://www.useorigin.com/resources/blog/the-difference-between-a-will-and-a-trust) [Announcements\\ \\ Introducing Money Talks \\ \\ 4.30.2024](https://www.useorigin.com/resources/blog/introducing-money-talks) [Announcements\\ \\ Protect your Assets and Family with Estate Planning: New in Origin\\ \\ 4.19.2024](https://www.useorigin.com/resources/blog/protect-your-assets-and-family-with-estate-planning-new-in-origin) [Estate Planning\\ \\ The Difference Between Guardianship And Conservatorship\\ \\ 4.18.2024](https://www.useorigin.com/resources/blog/the-difference-between-guardianship-and-conservatorship) [Estate Planning\\ \\ Maintaining Family Harmony: Tips for Discussing Your Estate Plan with Loved Ones\\ \\ 4.10.2024](https://www.useorigin.com/resources/blog/maintaining-family-harmony-tips-for-discussing-your-estate-plan-with-loved) [Estate Planning\\ \\ How To Provide For Your Spouse When You Pass Away\\ \\ 4.5.2024](https://www.useorigin.com/resources/blog/how-to-provide-for-your-spouse-when-you-pass-away) [Estate Planning\\ \\ How Trusts are Taxed\\ \\ 4.5.2024](https://www.useorigin.com/resources/blog/how-trusts-are-taxed) [Estate Planning\\ \\ What Happens To My Assets When I Die?\\ \\ 4.3.2024](https://www.useorigin.com/resources/blog/what-happens-to-my-assets-when-i-die) See More News Origin in the news [Forbes\\ \\ Budgeting & Money Management, Picking The Right App Is Key\\ \\ 7.19.2024](https://www.forbes.com/sites/jaimecatmull/2024/07/19/budgeting--money-management-in-2024---fintech-apps-will-save-your-economic-future/) [Forbes\\ \\ Why Gen-Z Is Suddenly Creating Wills And Trusts — And You Should Too\\ \\ 4.17.2024](https://www.forbes.com/sites/jaimecatmull/2024/04/17/why-gen-z-is-suddenly-creating-wills-and-trusts---and-you-should-too/?sh=175bfb2f676c) [Worklife\\ \\ Tax season is confusing but employers can help\\ \\ 2.27.2024](https://www.worklife.news/leadership/tax-filing/) [HR Brew\\ \\ Technically HR: New financial wellness partnership can help your employees file their taxes\\ \\ 2.22.2024](https://www.hr-brew.com/stories/2024/02/22/technically-hr-new-financial-wellness-partnership-can-help-your-employees-file-their-taxes) [MarketWatch\\ \\ 401(k) hardship withdrawals jumped 36% in the second quarter\\ \\ 10.25.2023](https://www.marketwatch.com/story/ominous-news-as-401-k-hardship-withdrawals-rocket-ac2fa9c1) [Yahoo Finance\\ \\ Ex Uber Leaders Join Fintech Startup Origin to Reimagine Financial Wellness\\ \\ 10.25.2023](https://finance.yahoo.com/news/ex-uber-leaders-join-fintech-130400770.html) [Fast Company\\ \\ 10 money mistakes to avoid on the path to financial wellness\\ \\ 10.25.2023](https://www.fastcompany.com/90923907/10-money-mistakes-to-avoid-on-the-path-to-financial-wellness) [Axios\\ \\ Origin buys Finny to expand financial wellness app for employees\\ \\ 10.25.2023](https://www.axios.com/pro/fintech-deals/2023/06/05/origin-buys-finny-financial-wellness-app) [Axios\\ \\ Origin acquires estate planning startup MyAdvocate\\ \\ 10.25.2023](https://www.axios.com/pro/fintech-deals/2023/10/04/origin-acquisition-myadvocate) [Barrons\\ \\ You Can Pay Down Student Loans and Save for Retirement. Here’s How.\\ \\ 10.25.2023](https://www.barrons.com/articles/student-loans-saving-for-retirement-tips-1259532f) See More Case Studies How leading organizations use Origin [Webflow\\ \\ How Webflow Uses Origin to Design a Global Benefits Strategy\\ \\ 10.26.2023](https://www.useorigin.com/resources/case-study/webflow) [Udemy\\ \\ Udemy Invests in Their Number One Asset: Employee Well-being\\ \\ 10.26.2023](https://www.useorigin.com/resources/case-study/udemy) See More Webinars Conversations led by Origin financial planners [Past\\ \\ Conquering Debt\\ \\ 3.20.2024](https://www.useorigin.com/resources/webinar/conquering-debt) [Past\\ \\ Tax Season Readiness\\ \\ 2.21.2024](https://www.useorigin.com/resources/webinar/tax-season-readiness) [Past\\ \\ Financially Sustainable Living\\ \\ 1.24.2024](https://www.useorigin.com/resources/webinar/financially-sustainable-living) [Past\\ \\ US: Protecting Your Assets & Loved Ones with Insurance\\ \\ 12.19.2023](https://www.useorigin.com/resources/webinar/us-protecting-your-assets-and-loved-ones-with-insurance) [Past\\ \\ UK: Year-end Financial Planning\\ \\ 11.29.2023](https://www.useorigin.com/resources/webinar/uk-year-end-financial-planning) [Past\\ \\ European Union: Year-end Financial Planning\\ \\ 11.29.2023](https://www.useorigin.com/resources/webinar/eu-year-end-financial-planning) [Past\\ \\ Canada: Year-end Financial Planning\\ \\ 11.28.2023](https://www.useorigin.com/resources/webinar/canada-year-end-financial-planning) [Past\\ \\ UAE: Year-end Financial Planning\\ \\ 11.28.2023](https://www.useorigin.com/resources/webinar/uae-year-end-financial-planning) [Past\\ \\ India: Year-end Financial Planning\\ \\ 11.27.2023](https://www.useorigin.com/resources/webinar/india-year-end-financial-planning) [Past\\ \\ Australia: Year-end Financial Planning\\ \\ 11.27.2023](https://www.useorigin.com/resources/webinar/australia-year-end-financial-planning) [Past\\ \\ US: Year-end Financial Planning\\ \\ 11.16.2023](https://www.useorigin.com/resources/webinar/us-year-end-financial-planning) See More E-books Reports for HR leaders [E-book\\ \\ Redefining wellness benefits: How to take a holistic approach to employee well-being\\ \\ 10.26.2023](https://www.useorigin.com/resources/ebook/redefining-wellness-benefits-how-to-take-a-holistic-approach-to-employee-well-being) [E-book\\ \\ How financial wellness can help your DEI strategy\\ \\ 10.26.2023](https://www.useorigin.com/resources/ebook/how-financial-wellness-can-help-your-diversity-equity-and-inclusion-strategy) [E-book\\ \\ The state of employee financial health and wealth\\ \\ 10.26.2023](https://offer.useorigin.com/state-of-financial-health-wealth-ebook-origin) [E-book\\ \\ How to maximize the impact of your benefits program\\ \\ 10.26.2023](https://www.useorigin.com/resources/ebook/maximizing-the-impact-of-your-employee-benefits-program) See More [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836267714&cv=11&fst=1741836267714&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102643510~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources&hn=www.googleadservices.com&frm=0&tiba=Origin%20Resources&npa=0&pscdl=noapi&auid=2116677838.1741836267&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Financial Wellness Strategies We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-leading-companies-build-effective-financial-wellness-programs#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-leading-companies-build-effective-financial-wellness-programs) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-leading-companies-build-effective-financial-wellness-programs) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-leading-companies-build-effective-financial-wellness-programs) By Paul Meister / Published 3.3.2025 / Updated 3.4.2025 ### **Introduction** Financial benefits have been part of corporate benefits packages for decades—but going the classicist route of offering a simple 401(k) and HSA isn’t enough to truly support employees’ holistic financial wellness. Rising costs of living, student debt, and economic uncertainty have made it clear that employees need more than just retirement savings plans. They need real-time guidance, education, and tools to navigate financial challenges at every stage of life. Leading companies are rethinking financial wellness, moving beyond one-size-fits-all benefits, and instead implementing holistic programs that drive engagement, reduce stress, and improve retention. This guide explores how HR teams are structuring financial wellness initiatives to maximize impact—and what key elements set the best programs apart. ## **Step 1: Define Clear Objectives for Your Financial Wellness Program** A successful program starts with a **clear purpose**—HR teams need to outline and define the why behind their financial wellness program implementation; a crucial aspect for securing leadership support and getting key decision-makers on board. **This plan should define specific goals for your employees and company, such as:** - **Increasing 401(k) participation** to help employees build long-term wealth. - **Boosting HSA/FSA utilization** to maximize tax-advantaged savings. - **Reducing financial stress** to improve employee engagement and retention. - **Providing holistic financial education** covering everything from budgeting to tax planning. - **Improving overall retention** and reducing employee absenteeism. - **Increasing overall productivity** through stress reduction via financial planning support **Pro Tip:** Companies that define **measurable success metrics** see **20% higher engagement** in their financial wellness programs. ## **Step 2: Offer Personalized Financial Planning** One-size-fits-all programs don’t work. Leading companies provide - **1:1 financial** planning with a Certified Financial Planner® tailored to employee needs and personal situations - **AI-driven financial planning tools** for budgeting, investing, and retirement planning - **Workshops & webinars** that focus on real-life financial challenges like **managing student loans, preparing for homeownership**, or navigating the choices around company equity compensation. ## **Step 3: Integrate Financial Wellness with Employee Benefits** Many employees don’t fully utilize their financial benefits **simply because they don’t understand them**. Successful companies: - **Embed financial wellness education into benefits onboarding** to ensure employees maximize HSAs, FSAs, and employer-matched retirement plans. - **Send personalized nudges** to employees based on **life events** (e.g., reminders about dependent care FSAs for new parents) - **Create a centralized benefits hub** where employees can easily access financial wellness resources year-round. **Pro Tip:** Companies integrating financial wellness with total rewards platforms see **higher engagement and retention rates**. ## **Step 4: Use Incentives to Drive Participation** Financial wellness programs only work if employees **actually engage with them**. Top companies use incentives like: - **Wellness dollars** to fund financial coaching or savings contributions. - **Gamification & rewards** (e.g., employees who attend a budgeting workshop get entered into a prize draw). - **Company-wide challenges** like a **30-day savings challenge** to encourage participation. ## **Step 5: Communicate Financial Wellness Year-Round** The biggest mistake HR teams make? **Only promoting financial wellness during open enrollment.** Leading organizations: - **Host quarterly financial wellness events** to keep employees engaged. - **Send monthly financial tips** via Slack, email, or HR portals. - **Encourage managers to discuss financial wellness** as part of broader employee well-being conversations **Pro Tip:** Companies that communicate financial wellness consistently see **2x higher participation rates** in their programs. ## **Key Takeaways & Next Steps** **Want to build a high-impact financial wellness program?** Here’s what works: - **Personalized CFP®-Led & Fiduciary Financial Planning** drives engagement - **AI + Human Hybrid** for Personalized Guidance - **Integrated benefits education** ensures employees maximize resources. - **Incentives & gamification** encourage participation. - **Consistent communication** keeps financial wellness top of mind **Looking for a structured plan?** Download our Financial Wellness Program Implementation Guide to get step-by-step instructions on launching a successful financial wellness initiative at your company. [Download Now(opens in new window)](https://offer.useorigin.com/hubfs/Assets/Guides/Financial%20Wellness%20Program%20Implementation%20Guide.pdf) **Need help?** [Contact us](https://www.useorigin.com/resources/blog/Contact) to explore customized financial wellness solutions for your workforce! [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836267722&cv=11&fst=1741836267722&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-leading-companies-build-effective-financial-wellness-programs&hn=www.googleadservices.com&frm=0&tiba=How%20Leading%20Companies%20Build%20Effective%20Financial%20Wellness%20Programs&npa=0&pscdl=noapi&auid=1451324014.1741836267&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Financial Wellness Goals 2025 We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-to-set-financial-wellness-goals-for-2025#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-to-set-financial-wellness-goals-for-2025) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-to-set-financial-wellness-goals-for-2025) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-to-set-financial-wellness-goals-for-2025) By Paul Meister / Published 2.28.2025 / Updated 3.11.2025 As 2025 approaches, companies are waking up to the fact that financial wellness is no longer a "nice-to-have" but a must. With 70% of employees saying financial stress affects their work, HR leaders are realizing that old-school benefits just aren’t cutting it anymore. What’s the solution? Setting clear, actionable financial wellness goals. In this guide, we'll break down why financial wellness needs to be a priority, how to set goals that truly make a difference, and what you can do to build a program that creates a lasting impact in 2025. ## **Why Financial Wellness** **_Should_** **Be a Priority in 2025** - **Financial stress is at an all-time high**: Employees distracted by money concerns are 5x more likely to be disengaged at work and 2x more likely to seek new jobs. This means that money stress is not just a personal problem, it’s a core business problem that HR teams need to address. - **HR teams are seeing the ROI of financial wellness**: Companies with financial wellness programs experience higher retention, greater benefits engagement, and increased productivity. ## **Step 1: Integrate Financial Wellness Into Your HR Strategy** A successful financial wellness program isn’t just a “nice-to-have” sidecar benefit of sorts—rather, it should be a foundational aspect of your HR strategy and at the core of your benefits packages. **Consider how financial wellness supports:** - **Retention:** Employees who feel financially secure are 20% more likely to stay in their current roles. - **Productivity:** Reduced financial stress means employees focus more at work and take fewer sick days. - **Benefits utilization:** Employees engage more effectively with 401(k), HSA, and FSA programs when they receive financial education and planning support. **Pro tip:** Review last year’s benefits utilization data to identify financial gaps—low 401(k) participation, lack of HSA usage, or high 401(k) loan requests may indicate employees need better financial guidance. ## **Step 2: Define Your Financial Wellness Goals** HR leaders should establish clear, **measurable financial wellness goals** for 2025. **Some examples of common goals include:** | **Goal Type** | **Example Financial Wellness Goal** | | --- | --- | | **Engagement** | Increase financial wellness program participation by **30%**. | | **Retention** | Reduce voluntary turnover among financially stressed employees by **20%**. | | **Utilization** | Improve **401(k), HSA, and FSA** participation rates by **15%**. | | **Education** | Ensure **80% of employees** complete at least one financial literacy workshop. **Step 3: Implement an Actionable Plan** | **Pro tip:** Use **employee surveys** to identify financial stressors and build goals that address their most pressing concerns. Once goals are set, HR teams need to build a **structured financial wellness plan**. Key components should include: ### **1\. Personalized Financial Planning** - Offer one-on-one sessions with Certified Financial Planners® to help employees navigate debt, investments, and savings goals. - Provide access to digital planning tools for budgeting, retirement projections, and tax optimization. ### **2\. Targeted Financial Education** - Host quarterly financial wellness workshops covering topics like debt management, investing, and estate planning. - Launch an on-demand learning portal with interactive financial content and resources. ### **3\. Optimized Benefits Communication** - Develop clear, engaging messaging around 401(k), HSA, and FSA benefits. - Create a benefits utilization campaign to encourage participation before open enrollment. ### **4\. Measurable Outcomes & Reporting** - Track employee participation, financial stress scores, and benefit utilization metrics. - Conduct pulse surveys every quarter to measure the program’s impact and make adjustments. ## **Next Steps: Build Your 2025 Financial Wellness Strategy** If you're seeking a structured approach, we've developed a step-by-step 2025 Financial Wellness Goal-Setting Guide that includes - Financial wellness assessment template - Pre-built goal-setting framework - Best practices for maximizing employee engagement [Download Now(opens in new window)](https://offer.useorigin.com/hubfs/Assets/Guides/2025%20Financial%20Wellness%20Goal-Setting%20Guide.pdf) **Need help implementing a financial wellness program?** [Contact](https://sales.useorigin.com/c/janell-bascarauseorigin-com#/select-time) our team today to explore solutions tailored to your workforce! [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836267220&cv=11&fst=1741836267220&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c2h2v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-to-set-financial-wellness-goals-for-2025&hn=www.googleadservices.com&frm=0&tiba=How%20to%20Set%20Financial%20Wellness%20Goals%20for%202025&npa=0&pscdl=noapi&auid=1492790750.1741836267&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Tax Saving Tips We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/tips-how-to-save-on-taxes#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/tips-how-to-save-on-taxes) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/tips-how-to-save-on-taxes) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/tips-how-to-save-on-taxes) By Nora Biette-Timmons / Published 2.26.2025 We’re a little more than six weeks out from the federal tax filing deadline, but it’s not too late to boost your tax advantages for the 2024 tax year. Origin’s Head of Planning Tyler Horn shared his top tips for lowering your tax bill and building your savings. ### **It’s Not Too Late to Contribute to Your IRA for 2024** If you recently received a year-end bonus, Q4 commission, or other income outside your regular paycheck and want to boost your retirement savings, you still have time to contribute to your IRA and have it count toward 2024 limits. The IRS allows contributions to a traditional or Roth IRA for the previous tax year until April 15, 2025. The maximum contribution to all your IRA accounts is $7,000 for 2024, or $8,000 if you’re 50 or older. (These maximum contribution limits can change from year to year, so even if you think you might have maxed out your contribution, it’s worth checking again.) If you qualify, contributing to a traditional IRA can help lower your taxable income for 2024, giving you an extra tax break while building your retirement savings. ### **Get a State Tax Break by Contributing to a 529 Plan** Are you saving for your child’s college education? Many states offer tax deductions or credits for contributions to a 529 College Savings Plan. These plans are accounts that provide tax-free growth when used for qualified education expenses, making them a smart way to save. Some states — including Colorado, Illinois, and Pennsylvania — have particularly generous tax benefits, so check your state’s rules to see how you can maximize your savings while lowering your state tax bill. ### **Offset Gains and Reduce Taxes with Tax-Loss Harvesting** If you have stocks or other investments in a taxable brokerage account, review your portfolio to see if any investments are currently worth less than what you paid for them. Selling these assets at a loss — which is known as “harvesting” — can help offset capital gains from other investments, thus reducing your tax liability. You can offset up to $3,000 of ordinary income per year, and any additional losses can be carried forward to future years. This strategy can help you manage taxes efficiently while rebalancing your portfolio. ### **File your taxes for free with Origin** As an Origin member, you can file your taxes for free thanks to our partnership with Column Tax. Origin’s simple, straightforward filing comes with a Maximum Refund Guarantee and an Accuracy Guarantee, so you can file with confidence. [Start filing(opens in new window)](https://www.useorigin.com/products/tax) Related Articles [Announcements\\ \\ File Your Taxes for Free With Origin](https://www.useorigin.com/resources/blog/free-tax-filing-origin) [Financial Wellness\\ \\ Tax Optimization Strategies to Lower Your Tax Bill in 2025](https://www.useorigin.com/resources/blog/tax-optimization-strategies-to-lower-your-tax-bill-in-2025) [Financial Wellness\\ \\ Filing Taxes In 2025 — What Filers Should Know](https://www.useorigin.com/resources/blog/filing-taxes-in-2025-what-filers-should-know) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836267548&cv=11&fst=1741836267548&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c1v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Ftips-how-to-save-on-taxes&hn=www.googleadservices.com&frm=0&tiba=How%20to%20Save%20on%20Taxes%3A%204%20Tips%20to%20Lower%20Your%20Tax%20Bill&npa=0&pscdl=noapi&auid=1580619917.1741836267&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Tax Assistance Benefits We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/the-roi-of-offering-tax-assistance-as-an-employee-benefit#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/the-roi-of-offering-tax-assistance-as-an-employee-benefit) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/the-roi-of-offering-tax-assistance-as-an-employee-benefit) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/the-roi-of-offering-tax-assistance-as-an-employee-benefit) By Austin Payne / Published 2.11.2025 # **The ROI of Offering Tax Assistance as an Employee Benefit** Tax season can be stressful for employees, creating confusion, anxiety, and a sense of overwhelm that doesn’t just stay at home—it follows them into the workplace. For employers, this isn’t just a seasonal issue; it’s a year-round opportunity to make a meaningful difference. Offering tax assistance as part of a financial wellness program isn’t just a nice-to-have—it’s an important aspect of company culture and making sure employees feel valued and supported in their personal financial journey. ## **A New Era of Employee Financial Wellness** Employees are navigating a complex financial landscape. While they’re expected to juggle rising costs of living, loan repayments, and long-term financial planning, many lack the tools and support to do so effectively. This financial strain is significant: [**57%**](https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html) **of employees cite finances as their top source of stress**, and it’s a burden that directly impacts their professional lives. Financial anxiety can lead to decreased focus, higher absenteeism, and even increased healthcare costs. By offering tax assistance as an employee benefit, companies can lighten the load during one of the most financially challenging times of the year. [**With Origin**](https://app.useorigin.com/sign-up), employees can file their taxes at no extra cost, no matter their tax situation. More importantly, they can do it on the same platform where they already manage their financial lives. This simplicity and integration are game-changers, giving employees more control and clarity during tax season—and beyond. ## **The Business Case for Tax Assistance** For employers, providing tax assistance is one of the most important aspects of financial support benefits, and it can have a measurably positive impact on your business as a whole. ### **Here are a few of the tangible benefits** **1\. Increased productivity:** Financial stress doesn’t stay at home; it walks into the office every day. Research shows that financial anxiety costs employers up to **$250 billion annually in lost productivity**. When employees feel financially secure, they’re more focused and engaged at work. In fact, [**63%**](https://www.hrdive.com/spons/the-state-of-employee-financial-stress-and-its-impact-on-performance/727183/#:~:text=State%20%26%20Local%20Laws-,The%20state%20of%20employee%20financial%20stress%20and%20its%20impact%20on,financial%20stress%20worsens%20employee%20performance.&text=Financial%20stress%20has%20made%20its,many%20of%20us%20may%20realize.) **of HR professionals report that financial stress negatively impacts employee performance**. By addressing these concerns through tax assistance, companies can create a more productive, focused workforce. **2\. Reduced turnover:** Employee retention is critical, especially in today’s competitive job market. High turnover is expensive, costing businesses approximately six to nine months of an employee’s salary to replace them. Financial wellness programs, including tax assistance, enhance job satisfaction and loyalty. When employees feel supported during high-stress periods, they’re more likely to stay with the company, reducing turnover costs and preserving institutional knowledge. **3\. Enhanced recruitment:** Comprehensive benefits packages are no longer optional; they’re expected. [**60%**](https://www.metlife-gulf.com/content/dam/metlifecom/metlifegulf/metlife-ebts-2024.pdf) **of employees consider financial wellness benefits when evaluating job offers**, according to MetLife. Offering tax assistance not only helps attract top talent but also positions your company as an innovative and empathetic employer that prioritizes employee well-being. **4\. Strengthened company culture:** Providing tax assistance is more than a transactional benefit; it’s a statement that your company cares about its employees’ overall well-being. This fosters a culture of trust, support, and collaboration, leading to higher morale and teamwork. Employees who feel valued are more likely to be engaged, loyal, and motivated contributors. ## **Why Origin Is the Right Choice** Origin’s comprehensive financial wellness platform stands out for several reasons. Employees can file their taxes—regardless of complexity—without additional fees. But that’s just the beginning; they also gain access to tools like net worth tracking, budgeting, spending analysis, and credit score monitoring, all in one place. For those seeking deeper guidance, Origin offers access to financial planners for an additional fee, providing personalized advice on everything from retirement savings to investment strategies. ### **Here’s what makes Origin’s tax assistance unique:** - **Seamless integration:** Employees manage all their financial information in one platform, simplifying tax season and giving them a holistic view of their finances. - **Cost-free filing:** Employees can file their taxes without worrying about additional fees, making this benefit accessible to everyone, no matter their financial situation. - **Expert support:** With the option to consult financial planners, employees can receive tailored advice, helping them maximize tax refunds and create long-term strategies for financial wellness. ## **Real Results, Real Impact** The benefits of tax assistance extend far beyond tax season. Employees who feel financially secure are more likely to perform better, stay longer, and contribute to a positive workplace culture. By investing in this benefit, companies are investing in their people—and their bottom line. ### **For example:** - An employee stressed about navigating complex tax returns may spend hours trying to figure it out during work hours. With Origin, they can file taxes quickly and efficiently, freeing up their time and energy to focus on their role. - A new hire evaluating multiple job offers might choose your company because of the comprehensive financial wellness benefits you provide, including tax assistance. This competitive edge helps attract top talent and reduces recruitment costs. ## **Going Beyond Taxes** While tax assistance is a powerful benefit, it’s just one piece of the financial wellness puzzle. Origin’s holistic approach ensures employees have the tools they need to manage their entire financial journey, from budgeting and investing to estate planning and beyond. This comprehensive support fosters not only financial stability but also long-term growth and security. ## **The Bottom Line** **Tax assistance is a year-round investment in your workforce.** By offering this benefit, employers can drive productivity, reduce turnover, and strengthen recruitment efforts while demonstrating genuine care for their employees’ well-being. [**With Origin**](https://app.useorigin.com/sign-up) **,** companies can provide a seamless, integrated solution that simplifies tax season and sets employees up for success. In today’s competitive landscape, the ROI of offering tax assistance is clear: happier employees, stronger businesses, and a brighter financial future for everyone. [Book a Demo](https://www.useorigin.com/employers/demo) Related Articles [Financial Wellness\\ \\ Tax Optimization Strategies to Lower Your Tax Bill in 2025](https://www.useorigin.com/resources/blog/tax-optimization-strategies-to-lower-your-tax-bill-in-2025) [Personal Finance\\ \\ How Employers Can Prepare Their Employees for Tax Season](https://www.useorigin.com/resources/blog/how-employers-can-prepare-their-employees-for-tax-season) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836268120&cv=11&fst=1741836268120&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102525910~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fthe-roi-of-offering-tax-assistance-as-an-employee-benefit&hn=www.googleadservices.com&frm=0&tiba=The%20ROI%20of%20Offering%20Tax%20Assistance%20as%20an%20Employee%20Benefit&npa=0&pscdl=noapi&auid=1714188266.1741836267&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Couples Budgeting Guide We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/budgeting-for-couples#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/budgeting-for-couples) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/budgeting-for-couples) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/budgeting-for-couples) By Austin Payne / Published 2.10.2025 In relationships, love often takes center stage, with finances playing a supporting role. We know it’s difficult to openly talk about money, but we’re here to help you kickstart the conversation, which will help you build and maintain a long-term, healthy relationship with your partner—and so much more. Creating a healthy relationship with money involves many moving parts. One of the most important parts? Budgeting together. There comes a point in every relationship when couples realize — oh wait, it’s not just me anymore, and _our_ budget should start reflecting “us together.” But where do you even begin? Joint budgeting can look much different than budgeting for yourself, and it’s something that requires learning, love, and compromise. Don’t worry though — we’ll help you start this journey. ## **Start by assessing your situation** Before you build something, first you have to know what you want to create aka the end product. Then, you figure out how to get there. As a starting point, dive into the current state of your finances. - **The basics:** Look at income and expenses. You need to know what money is coming in and what is going out. Jot down your combined monthly income and expenses over the past few months. The simplest way to do it? Look back on your bank statements (transaction history) together and add up your incomes and expenses by category. Or, even better: Use Origin. - **Evaluate how you’re currently tracking money:** Even without a formal budget, you’re somehow tracking money (somehow), even if it’s just by checking your account balance. Note what you’re currently doing to track your money as an individual and a couple. - **Be transparent and open:** Keeping money secrets can be detrimental to any relationship. Make sure everything is out in the open— be honest and open as you’re both learning about your joint relationship with money. **🔑 Top tip:** Origin’s [spending](https://app.useorigin.com/spending/overview?tab=expenses) feature is the simplest, most impactful way to track your spending together. You can add a partner to Origin at no additional cost to jointly budget and track expenses. ## **Setting financial goals together** After assessing your current state, you’ll want to identify where you want to go from here. What does that mean? It’s time to set goals. Set forth specific financial targets you want to reach and make sure you’re both on the same page. Maybe your first goal is building an emergency fund, maybe it’s buying a home, or even being financially prepared to have children. Whatever your goals may be, take time to discover them together and most importantly write them down and keep track of them somewhere. Once you put pen to paper, you can turn your goals into realities. **How to align on goals:** A house divided just works against itself. Above all else, ensure you and your partner are on the same page with the goals you set. This might look different for every couple but largely involves a lot of thorough, honest discussions about what each of you wants to see in your financial future. **Some guiding questions:** - “What does financial freedom and financial success look like to you?” - “How do you feel about debt? How soon do you want this paid off?” - “Do you see yourself being a homeowner? Is this the location where we want to settle down?” - “Where do you see yourself in 5 years? 10 years? 20 years?” **For example,** let’s say that the two of you have $50,000 in total student loan debt. You might decide that your number one goal is to pay off that debt over the next 3 years. Once you’re aligned on the end goal, now you can collaborate on the strategy. Evaluate your income and expenses and decide how much you’ll dedicate to paying down that debt each month. ## **Create a joint budget** Now it’s time to make a joint budget that helps you work towards those goals. A joint budget is unique from a personal one — it combines the money, goals, and individual and joint situations of two people, not just one. **Here are a few tips on building a joint budget:** - **Communication, communication, communication.** It’s at the core of all healthy and successful budgets and ultimately leads to sustained success as a couple over time. Take the time and do the work to create an environment of acceptance, accountability, and transparency around your money as a couple. It’s better to over-communicate than under-communicate. - **Choose** [**a budgeting method**](https://www.useorigin.com/resources/blog/guide-to-saving-and-budgeting) **that works for you both.** Whether it’s a 50/30/20, a zero-based budget, or a pay-yourself-first budget, what matters most is that you align on one budgeting strategy together. - **Collaborate heavily on categories:** A common point of contention among couples is disagreements on how much should be spent where. They say $500 on groceries, and you say $350 — _who’s right?_ Neither, what’s important is that you come together on a set amount you can both agree to, which may involve compromise on both sides. It might take a little bit of time (and spending) to nail down the right budgeting number. - **Joint accounts can make joint budgeting easier.** “The easiest way to create and manage a joint budget is to have both partner's incomes go into a joint account and pay all expenses from that account. Then, the specific budgetary methodology can be whatever you agree on! Whether that's 50/30/20, FIRE savings strategy, or just a loose structure of fixed costs vs variable expenses,” saysMatt Shapiro, Origin financial planner. Some couples may want to only share joint expenses like utilities and groceries and will want the remaining income to be controlled at the individual level. This can be most easily handled by having a joint account and two individual accounts. ## **Individual vs. joint accounts?** Should you have individual or joint accounts as a couple? This debate is a long-tenured one with varying degrees of views surrounding it, and there’s not necessarily one correct answer. ### **The pros and cons of joint accounts** - **Pro:** It’s easier to manage and make shared payments from one centralized account — things like rent, a mortgage, groceries, electricity, etc. - **Pro:** It’s great for transparency and trust-building — joint accounts embody the mantra of no financial secrets. - **Con:** Sometimes, partners prefer to keep at least some of their money in a separate account only they have access to, just for a little independence. - **Con:** It’s a little difficult to surprise your partner with a gift when they can see your transaction history, right? ### **So when should you have a joint account?** The best of both worlds is having both personal and joint accounts. You can open a joint account for expenses that come out of your combined income, separate accounts for personal expenses, and specialized accounts for things like taxes, savings, investing, etc. And as a general rule, a married couple should always have a joint account, and how they use it is up to their discretion. Having a joint account doesn't eliminate the ability to also maintain an individual account — which may be necessary in some cases. ## **Managing debt and savings as a couple** One of the most difficult parts of budgeting is deciding how to balance saving and paying off debt — which should come first? - **A general rule of thumb:** You should aim to establish an emergency fund as a couple of a minimum of $1,000 before using extra money to pay off debt. This might sound counterintuitive, but it prevents you from taking on even more debt in the event of an unforeseen expense. - **From there, you can begin dividing up your extra income across different fronts.** Depending on how burdensome the debt is, you might want to throw 90% extra cash onto the debt, and 10% to savings, or any allocation in between. It ultimately comes down to your situation. For example, $20,000 of credit card debt that’s tagged with a 29% APR should help you get more of your extra cash than a credit card with a 0% introductory APR. - **The most important part? Align on your strategy.** Come together as a couple and outline your playbook — for example: building an emergency fund and committing $X amount to debt until it’s gone, and so on. **How do you divide up your incomes together?** It’s a personal decision. **“** When it comes to putting money towards financial goals like debt and savings, especially if there is a large income differential or one partner has significant debt and the other does not, fairness can be a delicate balance. Some couples manage their goals in such a way that they each contribute a fixed amount to all the joint expenses and goals, and then split the rest of their incomes between their specific goals and expenses,” says Matt Shapiro, Origin financial planner. ## **Revisit your budget** A budget isn’t a set-and-forget system — it’s something that you should review as a couple quite often, making adjustments as both your life and your money evolve. - **Set up regular check-ins:** Just like relationships require communication, so does your budget. Schedule regular check-ins to review your financial progress together. This can be a monthly or quarterly activity where you both sit down, go over your expenses, and incomes, and progress toward your goals. We recommend adding this check-in to your calendar so you make it a priority. You can even use your Origin financial planning session as a check-in as well. - **Adjust goals as needed:** When you encounter unexpected expenses or if your income increases, revisit and adjust your goals accordingly. This ensures that your budget remains realistic and achievable. **Actively track spending together:** Make use of the [Spending feature](http://app.useorigin.com/?utm_source=email%20newsletter&utm_medium=email&utm_campaign=The%20Gist) in your Origin app to get a quick breakdown of how you’re pacing each month. Tracking your expenses not only helps you stay within budget but also promotes transparency. ## Next steps Budgeting as a couple might seem like an inconsequential afterthought, but successfully navigating it will pay dividends over time. This deep dive reveals just how intricate (and impactful) setting up a high-quality budget together can be. And it doesn’t have to be something you tackle all alone. There’s no better helper out there than [your Origin account](https://app.useorigin.com/sign-up?&utm_source=blog&utm_medium=blog%20post&utm_campaign=couple%20budgeting%20blog) — filled with resources to help you manage your finances as a couple. Origin wants to make this easy. That’s why you can also invite your partner to join you on Origin at no additional cost to manage your finances together. You can track joint expenses, understand your holistic net worth, set and manage a budget, and invest together with no AUM fees. Disclaimer: Disclaimer: Users granting Partner Access should be aware that partners have full impersonation capabilities, which may include (but is not limited to) a partner modifying a User’s account or transacting on a User’s behalf. Any action taken by a partner through Partner Access in a User’s account is authorized and binding and is considered as if it was performed by the User. Users are responsible for any consequences resulting from partner-initiated transactions. Neither Blend Financial Inc. DBA Origin Financial nor Origin Investment Advisory LLC (collectively, “Origin”) is liable for any errors or discrepancies arising from partner-initiated transactions. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836268230&cv=11&fst=1741836268230&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c1v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813109~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fbudgeting-for-couples&hn=www.googleadservices.com&frm=0&tiba=How%20to%20Budget%20as%20a%20Couple&npa=0&pscdl=noapi&auid=1213320192.1741836268&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Splitting Expenses Guide We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-to-split-expenses-as-a-couple#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-to-split-expenses-as-a-couple) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-to-split-expenses-as-a-couple) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-to-split-expenses-as-a-couple) By Nora Biette-Timmons / Published 2.10.2025 When it comes to splitting finances with a partner, millennials are evenly, well, split: 39% of cohabitating partners have fully merged their finances — but [another 39%](https://www.askzeta.com/magazine/articles/couples-how-they-combine-finances-data/) keep everything totally separate. As that divide indicates, there’s no “right” or “best” way to handle expenses if you live with a partner; the crucial thing is just that you’re on the same page. For couples just beginning their financial journey together — or for those revisiting the topic and re-thinking their strategy, we’ve put together a basic guide for what to consider when it comes to developing your approach to shared expenses. ## **What to split** First, take stock of what your split costs are. Think in terms of your monthly fixed charges (rent/mortgage, subscriptions); those that vary month-to-month, like utilities; and those on less-frequent time tables, like quarterly or annual charges. This is also when you want to decide what your split costs _aren’t_. Do you want to use your pooled resources to pay off each other’s student loans or car payments? Again, there’s no right answer here, just make sure you’re not avoiding elements of your full financial picture in this discussion. ## **The different ways to split** There are only so many ways you can split expenses, and they all fall roughly into three broad approaches. (Depending on which you choose, you may need to open a joint account, which we’ll also address below.) You can choose to… - **Merge everything together**— the “what’s mine is yours” route. This means you’ll both put all your money in the same pot, and use that to pay for everything, including shared expenses. If you haven’t already, you’ll want to open a joint account if you go this route. - **Split everything 50/50.** With this approach, you can proceed in a few ways. There’s the old-school route — a spreadsheet that you update manually — or you can easily split your transactions and create a category for each partner in the [Origin app.](https://app.useorigin.com/) A joint account isn’t necessary for this approach, but certainly can’t hurt. - **Split everything proportionally, based on your incomes**. There are a couple ways to do this: You can both deposit the same percentage of your paychecks into a joint account, and use that to pay your shared bills; just make sure the total amount you’re depositing covers your expenses and then some. - Or you can be more exact, which requires a bit more math: 1. First, figure out what percent of your combined income you each make. Say you make $70,000 and your partner makes $55,000, so you make $125,000 together. 2. Divide each income by that total, then multiply the result by 100 to determine that percentage. That looks like: 70,000/125,000 = 0.56. Now multiply 0.56 by 100 and throw on a percentage sign, and you get 56%. 3. Follow the same process for your partner’s income, which, in this case, you’ll determine is 44%. 4. From there, figure out what 56% and 44% of your combined expenses are, which you can do by multiplying that amount by 0.56 and 0.44, respectively. 5. Then deposit that amount of your paychecks into a joint account that you use to pay your bills. (Some payroll systems will allow you to deposit portions of your paycheck into different accounts. Otherwise, you can set up a recurring transfer of the correct amount the day your direct deposit hits.) ## **The next step** Finally: follow up! Plan regular financial check-ins with your partner. Talking about these subjects often and tackling any discomfort early is important, because finances can cause major rifts in relationships. According to a [2022 poll](https://www.apa.org/news/press/releases/stress/2022/october-2022-topline-data.pdf) for the American Psychological Association, 41% of Americans said that money causes “a lot of the fights or tension” in their families. These conversations should be based on the method of sharing expenses you picked: Is it still working for you? Have other financial commitments or goals come up that may impact its efficacy? Set aside time to discuss other elements of your finances, as well, and check in on your financial accounts to see how you’re both progressing on things like savings and investing goals. Origin makes this super easy with partner access. Once you invite your partner, you can see your combined net worth and spending all in one place. [Learn about Partner Access(opens in new window)](https://www.useorigin.com/couples) Related Articles [Personal Finance\\ \\ How to Budget as a Couple](https://www.useorigin.com/resources/blog/budgeting-for-couples) [Personal Finance\\ \\ The Best Budgeting App to Replace Mint](https://www.useorigin.com/resources/blog/origin-best-budgeting-app-to-replace-mint) [Announcements\\ \\ NEW in Origin: Custom spending categories & Mint import tools](https://www.useorigin.com/resources/blog/new-spending-features) [Personal Finance\\ \\ Top 10 Budgeting Mistakes](https://www.useorigin.com/resources/blog/common-budgeting-mistakes) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836268049&cv=11&fst=1741836268049&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-to-split-expenses-as-a-couple&hn=www.googleadservices.com&frm=0&tiba=How%20to%20Budget%20With%20Your%20Partner%3A%20The%20Ins%20and%20Outs%20of%20the%20Best%20Ways%20to%20Split%20Expenses%20%7C%20Origin%20Financial&npa=0&pscdl=noapi&auid=1633017196.1741836268&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## New Year Resolutions Insights We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/the-new-year-called-it-wants-its-resolutions-back#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/the-new-year-called-it-wants-its-resolutions-back) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/the-new-year-called-it-wants-its-resolutions-back) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/the-new-year-called-it-wants-its-resolutions-back) Published 2.4.2025 At the end of each year, consumers tend to experience this sort of collective hangover. This icky feeling that they’ve overdone it. This isn’t a typical hangover, though. Instead, it’s the result of overconsumption. To cope, many people may resolve to do better in the new year. They set resolutions to eat healthier, work out more and spend less money. The problem is, resolutions are hard to stick to, and data shows most people struggle to stay the course. According to a new study conducted by The Harris Poll on behalf of Origin, a leading personal finance app, by the end of February, most people may have already given up on their New Year’s resolutions. In fact, when asked, 49% of Americans who set a resolution in 2024 said they abandoned it by the end of February, with 40% of people having done so in January. What’s worse, once people fall off the wagon, many struggle to get back on. By the end of the year, 70% of Americans who set a 2024 New Year's resolution abandoned it altogether. This number jumps to 89% for Gen Z (ages 18-28) and 74% for millennials (ages 29-44). # **New year, new resolutions** This year, 85% of Americans set a New Year’s resolution. Three-quarters (75%) say they resolve to improve their finances in some way, most commonly, Americans aim to increase their income (36%). This is especially common among younger generations. More than half (51%) of Gen Z and millennials resolve to bring in more money in 2025. In addition to increasing their income in the new year, many Americans focused their resolutions on things like, sticking to a budget or paying down/off debt (33% each), saving for a specific goal (27%) and improving their credit (26%). Altogether, it appears consumers are attempting to reign in spending, increase their savings and chip away at mounting debt, especially as interest rates remain high. Here’s what Tyler Horn, head of planning at Origin has to say about these trends: _“I’m not surprised to see so many people set goals to increase their income this year. There’s been a lot of talk about wages not keeping pace with inflation, which is likely driving more people to seek additional streams of income. Looking ahead, I imagine we’ll see an uptick in side hustles and content creators as people look for new ways to earn money. Remember, as your income goes up, it’s important to refactor your budget to account for the new influx of cash. Make sure to adjust how much you’re allocating towards saving and paying down debts.”_ # **Old habits die hard** So far, in the first month of the year, 41% of Americans who set 2025 resolutions have abandoned them and nearly a quarter (23%) have given up on those related to their finances. There are likely a number of contributing factors at play. First, new habits are hard to form. Plus, with growing trends like doom spending, where consumers overspend to cope with feelings of uncertainty, and money dysmorphia, where major financial milestones feel so out of reach that people opt out of them altogether, it’s easy for consumers to stray from their financial goals. To help consumers get back on track with their New Year’s resolutions, Tyler offers the following tips: - **Check in.** Now that we’re one month into the year, check in on your initial goals and make adjustments as needed. Ask yourself, does this still feel realistic? How can I adjust this goal to be more attainable? - **Start small.** Begin with a manageable version of your habit. For example, if you want to start budgeting, maybe focus on one aspect of your spending, like dining out. Instead of tackling all aspects of your spending. - **Be consistent.** Attach your new habit to an existing routine or set time of the day, week or month. For instance, set a date once a week to go over your spending for the week and make a plan for the week ahead. - **Track your progress.** Using an app or tool can help you stay on top of your progress and allow you to monitor your consistency. This can help keep you motivated and hold you accountable. - **Celebrate wins.** It’s important to reward yourself for sticking to your financial resolution, even in small ways. This kind of positive reinforcement can help keep you motivated. For consumers who have fallen behind on their financial resolutions in 2025, try Origin today. Origin helps consumers achieve their financial goals, serving as a trusted advisor. To start budgeting, saving money and building wealth, download the app today. [Get started for free](http://app.useorigin.com/sign-up) Related Articles [Financial Wellness\\ \\ Financial New Year’s Resolutions—Are They Worth Making?](https://www.useorigin.com/resources/blog/financial-new-years-resolutions-are-they-worth-making) [Personal Finance\\ \\ Origin's State of Personal Finance Apps - 2024](https://www.useorigin.com/resources/blog/origins-state-of-personal-finance-apps-2024) [Personal Finance\\ \\ How To Connect Your Financial Accounts To Origin](https://www.useorigin.com/resources/blog/how-to-connect-financial-accounts) Disclaimer: Methodology This survey was conducted online within the United States by The Harris Poll on behalf of Origin Financial from January 13-15, 2025 among 3,059 U.S. adults ages 18 and older. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 2.5 percentage points using a 95% confidence level. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact stephanie@goodpr.co. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836267433&cv=11&fst=1741836267433&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fthe-new-year-called-it-wants-its-resolutions-back&hn=www.googleadservices.com&frm=0&tiba=Why%20Most%20New%20Year%E2%80%99s%20Resolutions%20Fail%20by%20February%20%E2%80%93%20And%20How%20to%20Stay%20on%20Track&npa=0&pscdl=noapi&auid=1425010954.1741836267&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Tax Optimization Strategies We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/tax-optimization-strategies-to-lower-your-tax-bill-in-2025#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/tax-optimization-strategies-to-lower-your-tax-bill-in-2025) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/tax-optimization-strategies-to-lower-your-tax-bill-in-2025) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/tax-optimization-strategies-to-lower-your-tax-bill-in-2025) By Austin Payne / Published 2.3.2025 Understanding the tax code can be overwhelming for even the most well-versed taxpayers, leading many to avoid tax optimization strategies altogether. Most just want to get them over with. But it doesn't _have_ to be that intimidating. If you can enter the tax filing process knowing what options you have, it makes things less stressful. After that, you can plan ahead and make tax-saving decisions throughout the year to make filing taxes in 2025 easier. **Now you have a better understanding of what to do.** Let's make it simple — here are the most common tax optimization strategies you might qualify for. # **Our List: Top Tax Optimization Strategies For 2025** Anyone can use these tax optimization strategies — from business owners to traditional employees. - **Opening and Maxing Out an IRA:** Anyone can open an IRA, and whether it’s a Roth or traditional account, IRA owners have the added benefit of being able to contribute for the previous year up until the tax deadline of the following year. For 2025, that’s April 15th. - **Utilize an HSA:** If you’re enrolled in a high-deductible health plan, seize the opportunity to contribute to a Health Savings Account (HSA). HSAs also benefit from a similar extended contribution deadline and are tax-deductible up to the 2024 limit of $4,150 per individual of $8,300 for a family. (For 2025, it’s $4,400 and $8,550.) - **Take Advantage of Tax-Loss Harvesting:** Tax-loss harvesting can help offset capital gains and minimize your tax liability by selectively selling some of your losing positions. - **Aim for Long-Term Capital Gains:** If you plan on locking in some gains from your portfolio, it’s best to go with stocks you’ve held for a year or more. Long-term capital gains are taxed at favorable rates, maxing out at 20%, whereas short-term gains are taxed at your ordinary income tax rate. - **Take Advantage of Employer Match:** For 2024, the contribution limit on 401(k) accounts is $23,000, but that’s just employee contributions. If you include employer contributions (which often come as a match), that limit rises to $69,000. For 2025 (so, filing taxes next year), those limits increase to $23,500 and $70,000, and account holders aged 60-63 can make catch-up contributions of $11,250, raising their personal contribution limit to $34,750, and total limit (including employer matching) to $81,250. # **Taking Advantage of Tax Credits for Tax Optimization** Here are some of the most common tax credits you might qualify for. - **Child Tax Credit or Child and Dependent Care Credit:** Depending on your situation and income, the CTC can provide up to $2,000 in credits per child. Care credits are meant to cover a portion of child care costs, and are typically up to 35% of $3,000 in expenses for a single dependent or $6,000 for two or more dependents. - **American Opportunity Tax Credit:** If you're pursuing higher education, this credit could be a game-changer, providing relief from the costs associated with tuition and related expenses. It covers the first $2,000 you spend on qualifying education costs and 25% of the next $2,000 — up to $2,500. - **Earned Income Tax Credit:** The Earned Income Tax Credit ( [EITC](https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned-income-tax-credit-eitc-tables)) is available to low-income taxpayers, both with and without children. In 2024 (applicable to taxes filed in 2025), the credit varies from $632 to $7,830, determined by factors such as the number of children, marital status, and income level. - **Saver’s Credit:** The Saver's Credit ranges from 10% to 50% of contributions, up to $2,000 ($4,000 for joint filers), made to an IRA, 401(k), 403(b), or select retirement plans. Your filing status and income determine the specific percentage you qualify for. - **Electric Vehicle (EV) Tax Credit:** In the tax year 2024, the nonrefundable Electric Vehicle (EV) tax credit spans from $3,750 to $7,500. Additionally, individuals can qualify for a credit of up to $4,000 for used cars. Meeting specific criteria, including income, vehicle price, and adherence to [IRS manufacturing guidelines](https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after) for qualified EVs, determines eligibility for these credits. - **Solar Tax Credit:** This credit allows you to claim 30% of the installation expenses for solar energy systems, encompassing solar water heaters and solar panels. Embrace the sun's energy while enjoying a substantial financial benefit. - **Energy Efficient Home Improvement Tax Credit:** Revitalized by the Inflation Reduction Act, the energy-efficient home improvement tax credit enables homeowners to reclaim up to $3,200 for qualifying upgrades like energy-efficient windows, doors, and heat pumps when filing their tax returns. # **Taking Advantage of Tax Deductions for Tax Optimization** If you have enough itemizable expenses, consider these deductions. - **Student loan interest deduction:** Borrowers can deduct up to $2,500 from their taxable income through the student loan interest deduction when they have paid interest on their student loans. - **Charitable donation deduction:** For itemizers who donated, you have the potential to deduct the value of your charitable contributions—whether in cash or property, like clothing or a car—from your taxable income. As per the IRS guidelines, you can typically deduct up to 60% of your adjusted gross income. - **Medical expenses deduction:** Simply put, you can usually deduct qualified, unreimbursed medical expenses that exceed 7.5% of your adjusted gross income for the tax year. - **Mortgage interest deduction:** Promoted as a means to enhance the affordability of homeownership, the mortgage interest tax deduction reduces the federal income tax for eligible homeowners by deducting the amount of mortgage interest paid from their taxable income. Yes, you can deduct the full amount. - **IRA and 401(k) contributions deduction:** Stating the obvious here, but traditional IRA and 401(k) contributions are also tax-deductible, and you don’t have to itemize for these. - **Deduction for state and local Taxes:** Utilizing the SALT deduction, you have the option to deduct a maximum of $10,000 ($5,000 for those married filing separately) for a combination of property taxes and either state and local income taxes or sales taxes. # **Tax Optimization For Self-Employed, Side Hustlers, and Business Owners** For those with entrepreneurial endeavors, consider these specialized strategies. - **Increase Tax Withholding at Your Job:** If you have a W2 position too, increase the tax withholding at your job — self-employed individuals owe what's known as SE (self-employment taxes), and they're meant to be paid quarterly throughout the year. If you overlook this, you might end up with a hefty tax bill come next tax season. Increasing the withholding amount from your usual W2 income can help offset this or even cover it fully. - **Save Money for Taxes Ahead of Time:** Create a separate fund to set aside money for taxes, ensuring you're prepared when tax season arrives. - **Open a Solo 401(k):** [A Solo 401(k)](https://www.irs.gov/retirement-plans/one-participant-401k-plans) is for self-employed individuals or small business owners with no full-time employees except a spouse. If you work for yourself and meet this criterion, you can qualify for a Solo 401(k). You can make employee contributions of up to $23,000, or 100% of compensation as an employee, whichever is less, with an extra $7,500 if you're 50 or older. As the employer, contribute up to 25% of compensation, capped at $69,000 (or $76,500 with the catch-up). - **Meticulously Track Business Expenses:** Maintain a detailed record of all business expenses to maximize deductions and minimize taxable income. # **Tax Optimization With Origin** Taxes can be complicated — we make them easy. Origin has [partnered with Column Tax](https://www.useorigin.com/resources/blog/tax-filing-simplified-new-in-origin) to bring tax-filing services to members at no additional cost with a maximum refund guarantee. Not only does Origin equip you with all of the educational tools to learn about taxes on your own, but we’re also a one-stop shop to manage your money. Invest, budget, save, track, learn, file taxes, and manage your money all in one place. _Disclaimer:_ _Maximum Refund Guarantee. Column Tax will reimburse you for up to $250 if you are able to pay less federal or state income tax or receive a larger federal or state income tax return by using another tax return preparation provider. To be eligible for such reimbursement, the difference must be solely due to calculations, not due to entering any additional information or taking any different tax positions. To be eligible for such a reimbursement, you must file your federal (and if applicable state) income tax returns using the other tax preparation provider and must submit a copy of such return within sixty (60) days of filing via letter to 228 Park Ave S, PMB 22299, New York, New York, 10003, US or via email to support@columntax.com. You must also provide proof of payment for the other tax preparation provider and Column Tax will reimburse you for that amount (up to $250). Column Tax reserves the right to request additional information to support your claim that the other tax preparation provider calculated a lower tax liability or larger refund amount and that any such difference was not the result of different information._ [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836267874&cv=11&fst=1741836267874&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Ftax-optimization-strategies-to-lower-your-tax-bill-in-2025&hn=www.googleadservices.com&frm=0&tiba=Tax%20Optimization%20Strategies%20to%20Lower%20Your%20Tax%20Bill%20%7C%20Origin&npa=0&pscdl=noapi&auid=1370963987.1741836268&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Connect Financial Accounts We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-to-connect-financial-accounts#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-to-connect-financial-accounts) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-to-connect-financial-accounts) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-to-connect-financial-accounts) Published 1.29.2025 At Origin, we can help you budget, track, and plan for everything from your weekly grocery shopping to your dream retirement home — all while providing you with an easy-to-understand snapshot of your financial picture every time you log on. But to take advantage of those capabilities, your financial accounts need to be securely connected to Origin’s platform. Once you get your banking, investing, and any other accounts set up on Origin, you’ll be able to see your complete net worth (including assets and liabilities), cash flow, and each transaction in real time. The more accounts you connect, the more complete your financial picture on Origin. We use three data providers to connect your accounts: MX, Finicity, and Plaid. We automatically default to the provider with the best connection, but you can choose the provider manually as well. Here’s how to get started connecting your accounts. ### To add a financial account: Start in your dashboard by clicking the “+” in your net worth area. ![](https://images.ctfassets.net/agrlvtq28rka/2POMVTezYmL97Q0OcovFUk/9a3c4dc2018b943bde3e618ab71681ca/step2_highquality.gif?fm=webp&w=3840&q=80) Search for your financial institution(s) in the drop down menu; confirm the owner of the account; then our third-party connector will pull your data into Origin. ![](https://images.ctfassets.net/agrlvtq28rka/2m9M4vhCOHDUBDnup5yPyB/4f0a6aa192cd67c94c343d97e04ca4ac/Step2-Search.gif?fm=webp&w=3840&q=80) You can also visit your profile page to see a list of your accounts, or make any modifications to them. When connecting accounts so that Origin can calculate your net worth, it’s important to include everything that contributes to that, including financial assets outside traditional banks and brokerages — so we offer integrations like Zillow for real estate and Coinbase for cryptocurrency. To add your accounts from those services, you follow the same process. ![](https://images.ctfassets.net/agrlvtq28rka/5Jv9SBYtLiDadQa4mrzv9o/f2423e6dc8f4a6690de2708b06a77322/Full_Menu.gif?fm=webp&w=3840&q=80) ### To manually add other assets: The specificity and usefulness of the insights Origin gives you depends on how much financial information you put in your profile — the more, the better! That includes things like cars, art, or other physical assets. You add these manually, like so: ![](https://images.ctfassets.net/agrlvtq28rka/40bVrq1lXKkxM96nQaGIUT/042eb3cb07d7aa9693c15634d454e620/Adding_Manually.gif?fm=webp&w=3840&q=80) ### To refresh your accounts: Refreshing your accounts ensures that every time you visit Origin, you’re seeing your most up-to-date financial information — including something as small as whether that cold brew you bought this morning put you over your coffee budget for the month. Luckily, refreshing your accounts is super easy. ![](https://images.ctfassets.net/agrlvtq28rka/6SZOtNcoYQW0FTDLyJyCFT/6d8af4bf259b6bb0043920719ec743ed/RefreshGIF.gif?fm=webp&w=3840&q=80) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836273587&cv=11&fst=1741836273587&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102643510~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-to-connect-financial-accounts&hn=www.googleadservices.com&frm=0&tiba=How%20To%20Connect%20Your%20Financial%20Accounts%20To%20Origin&npa=0&pscdl=noapi&auid=602003814.1741836273&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Filing Taxes 2025 We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/filing-taxes-in-2025-what-filers-should-know#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/filing-taxes-in-2025-what-filers-should-know) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/filing-taxes-in-2025-what-filers-should-know) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/filing-taxes-in-2025-what-filers-should-know) By Austin Payne / Published 1.17.2025 Filing taxes in 2025 is no different than any other year — it’s unfortunately still a drag. But this year, we’re here to be your tax co-pilot. We want to make them as quick, straightforward, and painless as possible. Here are some things to do (and some things not to do) to make filing your taxes easier this time around. ## **Filing Taxes in 2025 — what** **_not_** **to do** - **Wait until the last minute:** The [IRS says](https://turbotax.intuit.com/tax-tips/tax-extensions/what-me-worry-last-minute-taxes/L6g58eRCf) that 20% to 25% of Americans wait until the last two weeks to file their taxes. This can easily create an atmosphere of stress and rush around filing taxes, often forcing filers to make less-than-optimal decisions that cost them money. - **But also, don’t file too early:**“ _Many taxpayers want to file quickly to get their return quickly. Sometimes, that leads to accidentally filing before important paperwork arrives - paperwork regarding charitable deductions, student loan interest, etc. Without these documents, you may end up getting a smaller refund than you deserve and have to amend your return later to get the full refund._” — Matt Shapiro, Origin Certified Financial Planner™ - **Rush your filing process:** Waiting until the last minute often leads to a rushed tax filing process that’s prone to errors and oversights. Mistakes like — forgetting a document, misreporting income and expenses, missing out on deductions and credits, and a lot more. All of these mistakes are costly to you and your finances, and some can even increase the risk of an audit. - **Come to the tax table unprepared:** Don’t wait until you meet with your tax planner or log into your tax software to be told what documents and information you’ll need for filing taxes in 2025. Get a jump on the situation by proactively seeking out information, organizing your documents, and bookmarking resources that help inform your tax filing. - **File your taxes without a plan in place:** This is an expansion on the prior point — being informed of and prepared for your tax situation will allow you to make the most optimized choices about your taxes and likely save you time, stress, and money in the process. ## **What you** **_should_** **do — Origin’s top tips** - **Make** **_sure_** **you don’t qualify for free filing before you pay:** Lots of tax services are advertised as free, but many filers quickly find themselves disqualified the moment they mention a 1099 or the sale of stocks. Some people do qualify, though, but it’s best to be sure before you start the filing process and come up against a fee you weren’t prepared to pay.   If you’re looking for a tax preparation service without the hidden costs, you can file your federal and state returns with [Origin](https://www.useorigin.com/products/tax) for just $12.99/mo. We accept all tax scenarios and even let you talk to our team of tax experts at no additional cost. - **Keep track of documents as they come in —** have your docs ready to go before it's time to file. Stay organized by promptly tracking incoming tax documents, and ensure a smooth filing process by having all necessary documents ready in advance. - **Use a checklist to help you get organized:** Leverage a [tax checklist](https://www.useorigin.com/resources/blog/what-documents-do-you-need-to-file-your-taxes) to help you get organized and stay on track.  If you're working with a tax preparer, share the checklist with them. - **Make IRA and HSA contributions for the 2025 tax year:** The deadline for contributing to an IRA or HSA for 2024 is April 15th, 2025.  Don't wait until you get your taxes in to tackle those tasks. If you want to deduct your HSA or IRA contribution from your tax return for last year, you'll need to make that contribution before you file your return this year. - **Take stock of your situation and see if itemizing suits it:** The vast majority of filers will be best suited by just taking the standard deduction, but for the select few who do have enough deductible expenses to itemize, knowing that is worth it and can end up saving you a lot on your tax bill. Don’t know what qualifies? Don’t worry, [we’ve covered that](https://www.useorigin.com/resources/blog/common-tax-deductions-credits-write-offs). - **A bonus tip for next year’s tax preparation —** Make proactive decisions throughout the year. As you become more aware of the impact taxes have on your finances, make sure to use that knowledge to make prudent money moves in 2025 that lend themselves to tax advantages. ## **Conclusion** In a perfect world, filing your taxes should be affordable and efficient and come with an all-in-one money management platform to help you incorporate tax planning into your holistic financial picture. Oh, wait — that already exists, right here on Origin. Regardless of your tax situation, you can file your federal and state taxes seamlessly right in Origin. Origin’s embedded tax filing solution is powered by Column Tax, an IRS-vetted filing software that comes with a 100% accuracy and maximum refund guarantee. The best part? Filing your taxes with Origin is free for subscribers, so there are no hidden upsells or fees and no limits on tax scenarios accepted. Click [here](https://www.useorigin.com/products/tax) to learn more about Origin Tax. _Disclaimers:_ _Maximum Refund Guarantee. Column Tax will reimburse you for up to $250 if you are able to pay less federal or state income tax or receive a larger federal or state income tax return by using another tax return preparation provider. To be eligible for such reimbursement, the difference must be solely due to calculations, not due to entering any additional information or taking any different tax positions. To be eligible for such a reimbursement, you must file your federal (and if applicable state) income tax returns using the other tax preparation provider and must submit a copy of such return within sixty (60) days of filing via letter to 228 Park Ave S, PMB 22299, New York, New York, 10003, US or via email to support@columntax.com. You must also provide proof of payment for the other tax preparation provider and Column Tax will reimburse you for that amount (up to $250). Column Tax reserves the right to request additional information to support your claim that the other tax preparation provider calculated a lower tax liability or larger refund amount and that any such difference was not the result of different information._ _Accuracy Guarantee. Column Tax will reimburse you for up to $10,000 of IRS or state interest and/or penalty that is imposed as the result of a computational error on a form prepared using Column Tax. If you believe that such an error occurred and you wish to seek reimbursement, you must submit a request for reimbursement via letter to 228 Park Ave S, PMB 22299, New York, New York, 10003, US or via email to support@columntax.com. Such a request for reimbursement must be submitted within thirty (30) days of the payment of interest and/or penalty and you must include (i) any correspondence assessing such interest and/or penalty, and (ii) proof that you paid the assessed interest and/or penalty. This Section 7.2 (Accuracy Guarantee) applies only to computational errors made by Column Tax; it DOES NOT apply to any errors that are the result of, among other things, any incomplete, inaccurate, or inconsistent information provided by you, any uncertain position you decide to take, your choice not to claim a deduction or credit, conflicting tax laws or guidance, or any changes to federal or state tax laws after January 1, 2023._ [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836274284&cv=11&fst=1741836274284&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Ffiling-taxes-in-2025-what-filers-should-know&hn=www.googleadservices.com&frm=0&tiba=Filing%20Taxes%20In%202024%20%E2%80%94%20What%20Filers%20Should%20Know%20%7C%20Origin%20Financial&npa=0&pscdl=noapi&auid=123631442.1741836274&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## 2025 Tax Bracket Changes We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/what-the-new-2025-tax-bracket-updates-mean-for-you#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/what-the-new-2025-tax-bracket-updates-mean-for-you) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/what-the-new-2025-tax-bracket-updates-mean-for-you) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/what-the-new-2025-tax-bracket-updates-mean-for-you) By Austin Payne / Published 1.15.2025 / Updated 1.16.2025 # **What the New 2025 Tax Bracket Updates Mean for You** The IRS has officially released its annual tax bracket updates for tax year 2025 (so, taxes you’ll file next year), and while the changes may seem subtle at first glance, they can have some noteworthy impacts on your income and tax planning. Let’s break it down. ## **Updated Tax Brackets: What’s Changing?** A bracket is a range of income that's taxed at a specific rate. Because the U.S. tax system is progressive, your income increases at certain thresholds, and each portion is taxed at higher rates. Lower brackets apply to lower portions of income, and higher brackets apply to higher portions. That means you only pay a higher tax rate on the portion of your income that falls into a higher tax bracket. **Every bracket got a slight nudge upward—here’s what that looks like on both ends of the income spectrum:** - **The lowest tax bracket (10% federal tax rate)** now applies to income up to $11,925, up from $11,600 in 2024. - **The highest tax bracket (a 37% tax rate)** starts at $626,351, up from $609,000 in 2024. ### **What These Changes Look Like in Reality** **Let’s provide a hypothetical to illustrate the changes.**  Let’s say you’re a single filer earning $75,000 annually in taxable income. Here’s how your federal income tax liability would look under the 2024 and 2025 brackets: #### **2024 Tax Brackets (Single Filer)** - 10% on the first $11,600: **$1,160** - 12% on income between $11,601 and $47,500: **$4,296** - 22% on income between $47,501 and $75,000: **$6,050** **Total Federal Tax (2024): $11,506** #### **2025 Tax Brackets (Single Filer)** - 10% on the first $11,925: **$1,192.50** - 12% on income between $11,926 and $48,750: **$4,422.48** - 22% on income between $48,751 and $75,000: **$5,775.98** **Total Federal Tax (2025): $11,390.96** #### **The Impact:** - **Total annual tax savings**: $115.04 - **Monthly take-home increase**: ~$9.58 - **Effective tax rate (2024)**: 15.34% - **Effective tax rate (2025)**: 15.19% ## **Bigger Deductions = Bigger Savings** Just like tax brackets, the standard deduction will also be ticking up slightly for the 2025 tax year. - **Single filers**: $15,000 (up from $14,600). - **Married filing jointly**: $30,000 (up from $29,200). - **Heads of household**: $22,500 (up from $21,900). This is great news if you don’t plan to itemize deductions ( _and most filers don’t_), it means you can automatically shave more off your taxable income. Tyler Horn, Origin Certified Financial Planner®, adds some insight on this: " _While it's easier to simply take the standard deduction, there are a number of ways to increase your itemized deductions to surpass the standard deduction. One strategy is bunching your deductions. Bunching means you save some of your expenses for one year to get a bigger tax break. For example, you can donate more to charity in one year or pay property taxes early. It’s a smart way to plan if you’re close to the standard deduction limit. Think about using this trick when your expenses are higher than normal._" ## **Gift and Capital Gains Tax Updates** If gifting or investing is part of your financial strategy, there’s more good news: - The **annual gift tax exemption** limit has increased to **$19,000 per recipient** for individuals and **$38,000 for couples**, allowing for greater tax-free transfers of wealth. - **Capital gains tax brackets** have shifted slightly, offering additional savings opportunities for investors. Notably, the **0% rate** now applies to individuals earning up to **$48,350** and couples earning up to **$96,700**. ## **Is There Anything You Should Adjust or Do Differently?** One subtle result of these tax updates could be a slight bump in your take-home pay as withholding amounts adjust. Instead of letting that extra cash disappear into day-to-day expenses, consider investing it. Funnel those dollars into a **retirement account** or other investment vehicles and let compound interest work its magic. Keeping your budget steady while allocating extra funds for your future could yield significant long-term benefits. **Updating your withholding is also something to consider.** " _In practice, the way to adjust your withholding would be to update your W4. A W4 is an IRS form you can fill out to ensure that your company is withholding the correct amount. You can find this form with included instructions for how to fill it out_ [_here_](https://www.irs.gov/pub/irs-pdf/fw4.pdf) _. The IRS also has a Tax Withholding Estimator that can help you estimate the federal income tax you want your employer to withhold from your paycheck. You can find that calculator_ [_here_](https://www.irs.gov/individuals/tax-withholding-estimator) _. My CFP_ ® _recommendation is to use these official tools to help adjust your withholdings versus attempting the same exercise with paper napkin math._" — Tyler Horn, Origin Certified Financial Planner® _This information is provided for informational purposes only and is not intended to be tax or legal advice._ ## **Stay Informed** For more insights and updates on how tax changes impact your finances, [**The Gist**,](https://www.useorigin.com/the-gist) Origin’s personal finance newsletter, is a great resource. It’s designed to keep you in the loop on relevant tax updates, financial strategies, and more—all delivered straight to your inbox. ## **Plan Ahead for 2025 and Beyond** The majority of taxpayers will simply take advantage of the new, higher standard deduction, and stand to benefit from these slightly updated tax brackets, meaning for most filers — there’s not much you’ll need to do. Still, staying up-to-date and understanding where you stand in relation to routine updates like this can help you make smarter tax planning considerations this year. If you want to make things even simpler, you can file your taxes this year right where you manage your money - all on Origin. With Origin, you can file federal, state, and joint returns quickly and accurately – all with your maximum refund guaranteed. From crypto gains to living in multiple states, we’ve got you covered without the extra fees, so you keep more of what you’ve earned. [Join Origin(opens in new window)](https://www.useorigin.com/products/tax) Related Articles [Announcements\\ \\ File Your Taxes for Free With Origin](https://www.useorigin.com/resources/blog/free-tax-filing-origin) [Announcements\\ \\ Helping LA Rebuild: Free Financial Support for Those Impacted by the Wildfires](https://www.useorigin.com/resources/blog/lawildfires-support) [Financial Wellness\\ \\ Tax Changes for 2025](https://www.useorigin.com/resources/blog/2025-tax-code-changes) [Financial Wellness\\ \\ Common Tax Deductions, Credits and Write-offs](https://www.useorigin.com/resources/blog/common-tax-deductions-credits-write-offs) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836273806&cv=11&fst=1741836273806&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102643510~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fwhat-the-new-2025-tax-bracket-updates-mean-for-you&hn=www.googleadservices.com&frm=0&tiba=What%20the%20New%202025%20Tax%20Bracket%20Updates%20Mean%20for%20You&npa=0&pscdl=noapi&auid=1274412827.1741836274&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Free Tax Filing We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/free-tax-filing-origin#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/free-tax-filing-origin) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/free-tax-filing-origin) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/free-tax-filing-origin) Published 1.15.2025 Let’s face it: Navigating tax season on your own can be pretty overwhelming. The IRS estimates [the average American spends about 13 hours and over $250 a year on their tax returns](https://www.irs.gov/pub/irs-pdf/i1040gi.pdf). To make matters worse, there are a lot of big companies that want to keep it that way, charging extra fees if you have a question or based on your specific tax situation. In an already stressful season, why should filing taxes be made more complicated, unpredictable, and expensive? We're here to help simplify the process. That's why we've teamed up with Column Tax to bring their IRS-vetted, secured tax filing solution directly to our members. Why Column? Because their straightforward, guided, and secure do-it-yourself tax filing technology is revolutionizing the tax filing experience. Here's what it means for Origin members: # 1\. File your taxes, even complex ones, at no additional cost to your membership Filing your taxes with Origin is included in your monthly membership ($12.99/mo), and we mean it. There are no surprises or hidden fees (and yes, that means you can file your taxes with us during your free trial). We know that everyone's tax scenario is unique, so we made sure to cover all scenarios. Whether you've moved states this year, are filing jointly for the first time, bought crypto, or facing any other complexity, we've got you covered. # 2\. Peace of mind & your maximum refund are guaranteed Column Tax is designed to get you all the tax credits and deductions you are eligible for. Not only are your returns backed by a maximum refund guarantee, but we also guarantee the 100% accuracy of your filings. We stand by the accuracy of our calculations and we're focused on making sure you get the refund you've earned this year. If you have any questions along the way, Column Tax's team of experts are standing by to help. Just click the question mark icon at any point during the process to access a database of expert-written FAQs, send a chatbot message or email to the team. Additionally, we're also here to help if you're audited. If you receive an audit letter for your return, we'll help with understanding the process, having all necessary documentation, and addressing any concerns raised. # 3\. Easy and a time saver Just because you're filing your taxes online doesn’t mean you're on your own. Simply answer a few questions and we'll guide you through the process. If you upload your tax return from last year, it's even easier; we'll pre-fill your information — saving you even more time. Last year, Column's filers reported filing their taxes in half the time than competitors!\* # 4\. Expert help if you need it While you can file your state and federal taxes for free with your Origin membership, having on-call experts can provide some extra support when you need it. That's why we also offer expert assist: For $189, you can chat with a Column Tax pro for on-demand, unlimited help. That includes scheduled phone or screenshare sessions and reviewing your returns before you hit submit. # But why choose us over other alternatives? We know there are lots of ways to file your taxes — but time is money, and Origin saves you both. From tracking your spending and net worth to investing without assets under management fees, we're here to simplify your financial life. We want to save you time, give you peace of mind, and remove complexity from your financial journey. Ready to talk, file, and grow your money? Let’s go. [Join Origin(opens in new window)](https://www.useorigin.com/products/tax) Related Articles [Financial Wellness\\ \\ Taxes 101: U.S. Tax Basics](https://www.useorigin.com/resources/blog/taxes-101-us-tax-basics) [Financial Wellness\\ \\ Tax Changes for 2025](https://www.useorigin.com/resources/blog/2025-tax-code-changes) Disclaimer: \*According to Column Tax; based on aggregate data of Column Tax customers from past tax filing seasons. Examination and Audit Support. Column Tax will provide free guidance from a tax professional to help you answer any questions from a taxing authority (\*i.e.\*, the IRS or state Department of Revenue or similar agency) regarding a return that you file using Column Tax. To qualify, you must use Column Tax to file your individual federal and applicable state income tax return. You must notify Column Tax within thirty (30) days of the date you receive correspondence from the taxing authority. To request assistance, you must send a letter to 228 Park Ave S, PMB 22299, New York, New York, 10003, US or an email to support@columntax.com. You must include a copy of the letter received from the taxing authority with your request for assistance. Upon receipt of such a claim, Column Tax will work with a tax professional to help you understand the type of information that may be helpful in responding to the IRS or applicable taxing authority. COLUMN TAX WILL NOT BE YOUR REPRESENTATIVE OR PROVIDE ANY LEGAL ADVICE REGARDING YOUR RESPONSE. Accuracy Guarantee. Column Tax will reimburse you for up to $10,000 of IRS or state interest and/or penalty that is imposed as the result of a computational error on a form prepared using Column Tax. If you believe that such an error occurred and you wish to seek reimbursement, you must submit a request for reimbursement via letter to 228 Park Ave S, PMB 22299, New York, New York, 10003, US or via email to support@columntax.com. Such a request for reimbursement must be submitted within thirty (30) days of the payment of interest and/or penalty and you must include (i) any correspondence assessing such interest and/or penalty, and (ii) proof that you paid the assessed interest and/or penalty. This Section 7.2 (Accuracy Guarantee) applies only to computational errors made by Column Tax; it DOES NOT apply to any errors that are the result of, among other things, any incomplete, inaccurate, or inconsistent information provided by you, any uncertain position you decide to take, your choice not to claim a deduction or credit, conflicting tax laws or guidance, or any changes to federal or state tax laws after January 1, 2024. Maximum Refund Guarantee. Column Tax will reimburse you for up to $250 if you are able to pay less federal or state income tax or receive a larger federal or state income tax return by using another tax return preparation provider. To be eligible for such reimbursement, the difference must be solely due to calculations, not due to entering any additional information or taking any different tax positions. To be eligible for such a reimbursement, you must file your federal (and if applicable state) income tax returns using the other tax preparation provider and must submit a copy of such return within sixty (60) days of filing via letter to 228 Park Ave S, PMB 22299, New York, New York, 10003, US or via email to support@columntax.com. You must also provide proof of payment for the other tax preparation provider and Column Tax will reimburse you for that amount (up to $250). Column Tax reserves the right to request additional information to support your claim that the other tax preparation provider calculated a lower tax liability or larger refund amount and that any such difference was not the result of different information. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836273232&cv=11&fst=1741836273232&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Ffree-tax-filing-origin&hn=www.googleadservices.com&frm=0&tiba=Files%20Your%20Taxes%20For%20Free%20With%20Your%20Origin%20Membership&npa=0&pscdl=noapi&auid=698901473.1741836273&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Support for LA Wildfires We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/lawildfires-support#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/lawildfires-support) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/lawildfires-support) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/lawildfires-support) By Rachel Cantor / Published 1.13.2025 As wildfires continue to devastate Los Angeles, the scale of destruction is unimaginable. Over 10 million Angelenos have faced evacuation orders, with thousands displaced as entire neighborhoods burn to the ground. It’s a heartbreaking reality for so many families. At Origin, this tragedy hits close to home. In 2022, Origin Founder and CEO Matt Watson lost his home when a fire started at his neighbor’s house, ultimately taking down his home with it. The loss was devastating—not just the house itself, but the memories inside it. Navigating insurance claims, managing rebuilding costs, and staying on top of our finances during that time was overwhelming. In a Tweet, Matt [shared](https://x.com/_M_Watson/status/1876809468635463840) what he wished he had known then and what he learned in the process of recovering his home after a devastating fire. But through it all, Origin was an essential tool for Matt. He used features like custom categories to track every household-related expense for insurance purposes and financial planning to get through the challenging times. ### **Supporting Those Impacted by the LA Fires** You can’t plan for these moments, but we can turn to each other for support. That’s why the Origin team is offering a [**free year of Origin**](https://useorigin.com/rebuildla?pulse_sc=blog&utm_source=blog&pulse_md=organic&utm_medium=organic&pulse_cp=rebuildla&utm_campaign=rebuildla&pulse_ct=blog&utm_content=blog) to anyone affected by the LA wildfires. [Terms and conditions apply](https://www.useorigin.com/legal/los-angeles-wildfire-relief-terms-and-conditions). Origin is an all-in-one financial management platform designed to help you budget, save, and get guidance from CFP® professionals. Whether you’re tracking expenses for insurance claims, planning for a rebuild, or simply trying to regain financial stability, we’re here to support you. ### **How to Claim Your Free Year** [**If you or someone you know has been affected by the fires, you can claim your free year of Origin here**](https://useorigin.com/rebuildla?pulse_sc=blog&utm_source=blog&pulse_md=organic&utm_medium=organic&pulse_cp=rebuildla&utm_campaign=rebuildla&pulse_ct=blog&utm_content=blog). There’s no catch—just a way for us to lend a hand to those in need. ### **Spread the Word** We’re all in this together. If you know someone impacted by the wildfires, please share this resource with them. Whether it’s a friend, neighbor, or community group, your help spreading the word can make a difference. Our hearts go out to everyone in Los Angeles facing this crisis. We know how overwhelming the road to recovery can be, but we also know how resilient our communities are. At Origin, we’re here to help. We’re committed to supporting LA as it rebuilds. Together, we can navigate this challenging time and come out stronger. [Claim your free year(opens in new window)](https://useorigin.com/rebuildla?pulse_sc=blog&utm_source=blog&pulse_md=organic&utm_medium=organic&pulse_cp=rebuildla&utm_campaign=rebuildla&pulse_ct=blog&utm_content=blog) [Terms and conditions apply](https://www.useorigin.com/legal/los-angeles-wildfire-relief-terms-and-conditions). [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836273064&cv=11&fst=1741836273064&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Flawildfires-support&hn=www.googleadservices.com&frm=0&tiba=Helping%20LA%20Rebuild%3A%20Free%20Financial%20Support%20for%20Those%20Impacted%20by%20the%20Wildfires&npa=0&pscdl=noapi&auid=764674387.1741836273&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## New iOS Spending Widgets We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/new-origin-ios-spending-widgets#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/new-origin-ios-spending-widgets) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/new-origin-ios-spending-widgets) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/new-origin-ios-spending-widgets) By Nora Biette-Timmons / Published 1.13.2025 We’re excited to announce a handy new feature for the iOS users out there: Origin widgets! This will help you stay on top of your spending with a single glance — plus it’s super easy to add to your home screen (more on that below). Our new widget shows what you’ve spent this month, and how that compares to the previous month. Additionally, if you have a budget set up with Origin, you can see how you’re pacing towards your monthly budget limit. It gives you all the info you need, in one glance. It also adapts to your preferred display mode: light or dark. This will be the first of many iPhone widgets rolling out this quarter. ![](https://images.ctfassets.net/agrlvtq28rka/1ihUnK6LYsKsgnQ1bGft3d/6a02ecdb8f933271f47280308c8cddd5/BLOG__5_.png?fm=webp&w=3840&q=80) This new widget means you can always keep an eye on your spending without having to open your Origin app. Its at-a-glance capability can help you curtail those impulse purchases — or, let you know that you have a little bit of wiggle room left before you hit your budget limit. Adding a widget to your iPhone or iPad home screen is easy. Simply press and hold anywhere on the screen, which will make all your apps begin to shake gently. When that happens, a plus sign will appear in the top left corner: Click that plus sign. From there, you’ll get a list of suggested widgets, but you can specifically select ours by searching for “Origin.” ![](https://images.ctfassets.net/agrlvtq28rka/1SiYBIPA0Dap7qemZPzbWd/f596792a81fa6fc2943288501b72440e/IMG_7429.PNG?fm=webp&w=3840&q=80) A sample widget screen will appear, and all you have to do is select "add widget." Easy as that! ![](https://images.ctfassets.net/agrlvtq28rka/1yBr37V2omBMzmtXE2VlNi/767c00c644302e45929f4a533333cf74/IMG_7430.PNG?fm=webp&w=3840&q=80) You can also add it to your “Today” screen (which is what pops up when you swipe to the right), or you can create a widget “stack,” which allows you to view multiple widgets via scrolling, while only taking up the space of a single widget. We hope this new feature will make sticking to your budget even easier, and we can’t wait for Origin’s spending tracking to become a regular part of your screen time. Let us know what widget functions you’d like to see next! [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836274898&cv=11&fst=1741836274898&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fnew-origin-ios-spending-widgets&hn=www.googleadservices.com&frm=0&tiba=Origin%E2%80%99s%20First%20iOS%20Widget%20Is%20Here&npa=0&pscdl=noapi&auid=1160635251.1741836274&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](about:blank) ## U.S. Tax Basics We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/taxes-101-us-tax-basics#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/taxes-101-us-tax-basics) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/taxes-101-us-tax-basics) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/taxes-101-us-tax-basics) By Austin Payne / Published 1.10.2025 The Boston Tea Party occurred just over 250 years ago, in December 1773, when the loosely organized Sons of Liberty organization took to Griffin's Wharf to dump 342 chests of British East India Company tea into the Boston harbor. In the eyes of U.S. historians, this event remains a paramount example of the lengths we will go to pay less in taxes. This maxim remains the same today as it was during the Revolutionary War, and in fact, the tax code even encourages it. **But how exactly do I optimize my tax situation to make sure I owe less this year?** First, you'll need to get familiar with the basics of taxes. # **Tax 101 Lesson 1 — Getting Familiar With US Tax Basics** More American taxpayers are preparing and filing their returns all on their own than ever before, and while this might sound empowering, it can also be dangerous for the ill-equipped. If you're planning on filing your own taxes this year, here are a few things you should know. ## **What Counts as Taxable?** Let’s cut to the chase — most monetary events are taxable, but there are, of course, some distinctions to be made. - **There are two broad categories of taxes levied on income — earned income and unearned income.** Earned income is any money you make in exchange for your labor and time, like your job. Unearned income eludes to profits you reap from other sources, such as capital gains, annuities, retirement account distributions, social security, unemployment, gambling winnings, and more. - **Income taxes** are paid on the money you make. Whether it's federal, state, or local tax, and whether it's from an employer, as an entrepreneur, freelancer,  landlord, or a variety of other circumstances. As you might've guessed, the rate at which your income is taxed depends on how much you make. For the 2024 tax year, federal income tax rates top out at 37%. - **Capital gains taxes** are paid on any profits you make from the sale of an asset. An asset could mean a house, stock, crypto, baseball cards, or even a car (although they rarely appreciate). Capital gains have their own unique tax brackets. For example, short-term capital gains (selling an asset you owned for less than a year), are taxed in the same bracket as your ordinary income, whereas long-term capital gains have favorable tax rates ranging from 0% to 20%. ## Basics of Tax Documentation Filing taxes requires a lot of paperwork, even if that 'paper' is stored on your computer. Most filers will need, at minimum, basic identification documents and income statements (W-2, 1099s, etc.). - **You'll also need a plethora of different documents for other kinds of income and tax-relevant events.** For example, interest from a high-yield savings account will need to be reported on form 1099-INT, dividends on form 1099-OID or 1099-DIV, income from the sale of stocks on form 1099-B, and… the list goes on. - **For the self-employed, freelancers, and small business owners, another set of forms awaits you, too.** 1099-MISC, 1099-NECs, expense records, etc. Self-employed individuals also miss out on the benefit of their employer paying half of their FICA taxes, often resulting in a higher tax burden and the need to make estimated self-employment tax payments quarterly — yes, you'll need a record of those, too. - **Ultimately, the more complex your tax situation, the more documentation you will need.** Luckily, we've already prepared [a comprehensive list](https://www.useorigin.com/resources/blog/what-documents-do-you-need-to-file-your-taxes) for almost any tax situation. ## Understanding Deductions and Tax Credits for Beginners Tax deductions come in two flavors — the standard deduction and itemized deductions. - **The standard deduction is a set amount that all filers can reduce their taxable income by.** For 2024, that amount is $14,600 for single filers, $21,900 for heads of households, and $29,200 for those married filing jointly. Next year, those deductions increase to $15,000, $22,500, and $30,000. - **Itemized deductions, on the other hand, are exactly what they sound like.** Instead of taking the lump-sum standard deduction, filers can choose to itemize certain eligible deductions based on their tax situation and expenses. - **It's estimated that about** [**90%**](https://www.forbes.com/advisor/taxes/standard-deduction/#:~:text=However%2C%20an%20estimated%2090%25%20of,wasn't%20always%20the%20case.) **of filers choose to take the standard deduction.** This is because you can't take both the standard deduction and itemized deductions and unless your itemizations exceed the SD, it's simply not worth it. To figure out if your candidates for itemization exceed the standard deduction, you'll just need to identify all possible deductions and do some math. - **Deductions also aren't to be confused with tax credits,** which they can coexist with. Filers can take tax credits for certain eligible events or expenses, and these credits reduce their taxes owed in direct proportion to their value. I.e., a $1,000 credit is good for a $1,000 reduction in taxes owed. In many cases, this can help facilitate a refund. ## **Understand Pre and After-tax Distinctions** Knowing the difference between pre-tax and after-tax can be one of the most powerful tools in your tax planning belt. These are terms most often associated with certain kinds of retirement plans and employee benefits, and optimizing your selection of them based on your situation is key. - **Pre-tax simply means that the money comes out before it is reported as income.** Pre-tax contributions, for example, effectively reduce your taxable income by being “subtracted” from your income, or in other words, they were never counted as income. The caveat of pre-tax accounts is that you'll have to pay taxes on them when you do finally take distributions, making them best-suited for those who are in a higher tax bracket now and expect to be in a lower one later. - **Pre-tax examples:** Common work retirement plans like 401(k)s, 403(b)s, or 457 are all pre-tax, as well as the traditional IRA, which can be opened independently. For 2025, the contribution limit for employer-sponsored retirement accounts (such as 401(k), 403(b)) is $23,500 (up from $23,000 in 2024), and combined with employer matches and other contributions, the total annual limit rises to $70,000. For those aged 50 to 60, catch-up contributions remain the same as in 2024 at $7,500 extra. - **After-tax accounts are the exact opposite of this.** They're a work now, play later approach to taking the tax burden on now and avoiding it later. Contributions made to after-tax accounts are counted as income, but you get the benefit of not owing taxes on the proceeds at the time of withdrawal. - **After-tax examples:** Brokerage accounts, Roth 401(k)s, and Roth IRAs are all after-tax accounts — and they come with lower contribution limits. So, if someone under age 50 contributes the maximum amount of $6,500 to their Roth IRA, it will have no effect on reducing their taxable income now but allow them to enjoy tax-free growth and gains over time. # **Tax 101 Lesson 2 — Planning Ahead for Taxes as a Beginner** Once you feel like you've got a solid, comprehensive grasp on the world of taxes, it's time to apply knowledge to your own situation. Start getting ahead of the tax deadline on April 15th by planning ahead and making moves to optimize your taxes and reduce the amount you owe. - Look at your financial plan, portfolio, earned and unearned income, and overall situation from a tax perspective. Instead of just viewing income as green and expenses as red, view them through the lens of the tax code and the many ways it invites you to reduce your taxable income. - Identify the deductions and credits you qualify for. You’d be surprised at just how many filers miss out on tax savings simply by not knowing about the deductions or credits they qualify to take. - Of note — make sure to make the moves that qualify you for those deductions and credits on time. For example, itemizing your deductions isn’t worth it unless your itemizable expenses exceed the standard deduction, so if you find that you’re nearing that amount by year’s end, it may be time to accelerate those costs to get over the hump. - Don't forget to make use of your use-it-or-lose-it FSA contributions, sell some losers in your portfolio if you plan to deduct capital losses, make a charitable contribution by year’s end if you’re planning to, and make last-minute contributions to retirement accounts that come with a Dec 31st deadline — 401(k), 403(b) accounts. - Make proactive decisions throughout the year. As you become more aware of the impact taxes have on your finances, make sure to use that knowledge to make prudent money moves in 2024 that lend themselves to tax advantages. # **Tax 101 Lesson 3 — File Your Taxes With Origin to Take The Burden Out of Tax Season.** The IRS estimates taxpayers spend an average of [$250](https://www.irs.gov/pub/irs-pdf/i1040gi.pdf) on tax preparation services each year — yikes. Now that you've mastered the basics, you can avoid the hefty bill by finding an affordable and straightforward way to file your taxes, relieving the stress that comes with the season. **Enter the solution:** an all-in-one financial platform. Picture managing your money, budgeting, investing, and filing your taxes seamlessly in one place. That's what Origin brings to its members. Origin is offering simplified digital tax filing for the 2024 season. What's even better? It's included at no additional cost to your subscription. Origin Tax is powered by Column Tax to not just cover the basics, but to handle all tax complexities or unique scenarios. Whether you've dabbled in crypto or you're navigating the intricacies of filing jointly with a partner for the first time, Origin lets you file your taxes without extra charges or hidden fees. Worried about accuracy and getting the maximum refund? Fear not. Returns filed on Origin are backed by a 100% accuracy and maximum refund guarantee, providing peace of mind as you get your taxes done. Have questions or unsure if Origin Tax is right for you? We’re happy to chat! [Reach out anytime](https://useoriginsupport.zendesk.com/hc/en-us). ### _Disclaimers_ _Maximum Refund Guarantee. Column Tax will reimburse you for up to $250 if you are able to pay less federal or state income tax or receive a larger federal or state income tax return by using another tax return preparation provider. To be eligible for such reimbursement, the difference must be solely due to calculations, not due to entering any additional information or taking any different tax positions. To be eligible for such a reimbursement, you must file your federal (and if applicable state) income tax returns using the other tax preparation provider and must submit a copy of such return within sixty (60) days of filing via letter to 228 Park Ave S, PMB 22299, New York, New York, 10003, US or via email to support@columntax.com. You must also provide proof of payment for the other tax preparation provider and Column Tax will reimburse you for that amount (up to $250). Column Tax reserves the right to request additional information to support your claim that the other tax preparation provider calculated a lower tax liability or larger refund amount and that any such difference was not the result of different information._ _Accuracy Guarantee. Column Tax will reimburse you for up to $10,000 of IRS or state interest and/or penalty that is imposed as the result of a computational error on a form prepared using Column Tax. If you believe that such an error occurred and you wish to seek reimbursement, you must submit a request for reimbursement via letter to 228 Park Ave S, PMB 22299, New York, New York, 10003, US or via email to support@columntax.com. Such a request for reimbursement must be submitted within thirty (30) days of the payment of interest and/or penalty and you must include (i) any correspondence assessing such interest and/or penalty, and (ii) proof that you paid the assessed interest and/or penalty. This Section 7.2 (Accuracy Guarantee) applies only to computational errors made by Column Tax; it DOES NOT apply to any errors that are the result of, among other things, any incomplete, inaccurate, or inconsistent information provided by you, any uncertain position you decide to take, your choice not to claim a deduction or credit, conflicting tax laws or guidance, or any changes to federal or state tax laws after January 1, 2023._ [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836273545&cv=11&fst=1741836273545&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Ftaxes-101-us-tax-basics&hn=www.googleadservices.com&frm=0&tiba=U.S.%20Tax%20Basics%20for%20Beginners%20%7C%20Origin%20Financial&npa=0&pscdl=noapi&auid=231467919.1741836273&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Tax Deductions and Credits We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/common-tax-deductions-credits-write-offs#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/common-tax-deductions-credits-write-offs) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/common-tax-deductions-credits-write-offs) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/common-tax-deductions-credits-write-offs) By Austin Payne / Published 1.9.2025 / Updated 1.10.2025 For the 2022 tax year, roughly 94% ( [152M](https://www.efile.com/efile-tax-return-direct-deposit-statistics/#:~:text=Throughout%20the%202023%20Tax%20Season,62%20million%20were%20self%2Dprepared)) of tax returns were e-filed; of those filings, almost half (43%) were self-prepared returns. Self-preparing tax returns is a trend that's continued to rise in recent years, up 48% since 2013. Filing your own taxes is a skill set _—_ a talent that takes a lot of practice and education to refine. This is especially true of those who plan to itemize their deductions, which can oftentimes be a science in its own right. # **What Is a Tax Deduction?** Broadly speaking, tax deductions come in two flavors — the standard deduction and itemized deductions. ## How Much Can I Deduct From My Taxes? **The standard deduction is a set amount that all filers can reduce their taxable income by.** For 2024 (taxes you'll be filing this tax season), that amount is $14,600 for single filers, $21,900 for heads of households, and $29,200 for those married filing jointly. For 2025, those deductions increase to $15,000, $22,500, and $30,000. ## What Are Itemized Deductions? **Itemized deductions, on the other hand, are exactly what they sound like.** Instead of taking the lump-sum standard deduction, filers can choose to itemize certain eligible deductions based on their tax situation and expenses. ## Standard vs. Itemized Deduction **It's estimated that about** [**90%**](https://www.forbes.com/advisor/taxes/standard-deduction/#:~:text=However%2C%20an%20estimated%2090%25%20of,wasn't%20always%20the%20case.) **of filers choose to take the standard deduction.** This is because you can't take both the standard deduction and itemized deductions, and unless your itemizations exceed the SD, it's simply not worth it. ## Deductions vs. Tax Credits **Deductions also aren't to be confused with tax credits, which they can coexist with.** Filers can take tax credits for certain eligible events or expenses, and these credits reduce their taxes owed in direct proportion to their value. I.e., a $1,000 credit is good for a $1,000 reduction in taxes owed. In many cases, this can help facilitate a refund. # **What Are The Most Common Tax Deductions?** For those who do choose to go the itemized route, there are a plethora of itemizations to choose from — some being more common than others. ## **Common Examples of Itemized Tax Deductions** ### **Property-Related Deductions** - **Personal property tax deductions:** Taxes on your home, vehicles, etc. - **Home mortgage interest deduction** - **Moving expenses deduction** - **Interest expenses on other items can be deducted in** [**certain situations**](https://www.irs.gov/taxtopics/tc505) ### **Work-Related Deductions** - Business expenses are deductible for most related expenses - Business use of your car or home is also eligible for deduction - Form 2106 for regular W-2 employees to deduct expenses related to their job ### **Education and Health-Related Deductions** - **Student loan interest:** Interest paid on student loans is tax-deductible on both private and federal loans for yourself, your spouse, or dependents up to $2,500 per year. - **Work-related education expenses** are also tax-deductible if you meet [certain criteria](https://www.irs.gov/taxtopics/tc513). - **If you’re a teacher,** you’re able to deduct up to $300 of unreimbursed business expenses for classroom materials. - **Medical and dental expenses:** If your medical and dental expenses surpass 7.5% of your adjusted gross income for the year, you might qualify to deduct them. This applies to expenses incurred for yourself, your spouse, and your dependents throughout the taxable year and does not include expenses that insurance has covered. ### Other Common Deductions - **Gambling losses** — you're not able to deduct any more than the amount you won. - **Charitable contributions** — itemizers can deduct up to 60% of their adjusted gross income (AGI). - **For freelancers and self-employed** — you're eligible to deduct expenses related to your work. - **Home office deduction** - **And of course, your IRA, 401(k), and HSA contributions** are all also made pre-tax, meaning these will offset your taxable income whether you choose to itemize or not. # **What’s the Difference between Tax Credits and Deductions?** As we discussed above, tax credits can also be a valuable way to reduce the taxes you owe or increase your refund — and, they can coexist with either form of deducting. ## Some of The Most Common Tax Credits for Tax Year 2024 - **The Child Tax Credit (CTC)** is for families with children ages 17 and under and can be worth up to $2,000 per child for the 2024 tax year. - **CDCC:** The Child and Dependent Care Credit (CDCC) is meant to offset a portion of expenses related to daycare and other services for children 13 or under, a spouse or parent who cannot self-care, or another dependent, enabling you to engage in work. Typically, the credit amounts to a maximum of 35% of $3,000 in expenses for a single dependent or $6,000 for two or more dependents. - **The American Opportunity Credit (AOC)** allows filers to deduct up to $2,000 that they spent on school costs like tuition, books, etc., along with 25% of the next $2,000, capping it at $2,500. - **The earned income tax credit (EITC)** is a credit created for low-income tax filers. For 2024, the [credit’s value](https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned-income-tax-credit-eitc-tables) varies widely depending on your income, marital status, and how many kids you have, ranging from $632 for those with no children and up to $7,830 for those with three or more qualifying children. - **The Saver’s Tax Credit** is valued anywhere from 10% to 50% of up to $2,000 of an individual's (and $4,000 for joint filers) contributions to an IRA, 401(k), 403(b), and other retirement plans. - **The EV Tax Credit** ranges from $3,750 to $7,500 for 2024, and the exact amount and/or eligibility comes down to [a variety of specifications](https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after) like income, vehicle price, and vehicle specifications. - **The Solar Tax Credit** applies to those who have had solar energy systems installed in the past year and can be valued at up to 30% of the qualifying installation cost. # **Using Your Understanding of Tax Deductions This Year** Whether you plan on taking the standard deduction or itemizing this year, you can file your federal and state taxes seamlessly within your Origin account. Origin’s embedded tax filing solution is powered by Column Tax, an IRS-vetted filing software that comes with a 100% accuracy and maximum refund guarantee. The best part? Filing your taxes with Origin is free for subscribers, so there are no hidden upsells or fees and no limits on tax scenarios accepted. Click [here](https://www.useorigin.com/products/tax) to learn more about Origin Tax. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836273020&cv=11&fst=1741836273020&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102015666~102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fcommon-tax-deductions-credits-write-offs&hn=www.googleadservices.com&frm=0&tiba=Common%20Tax%20Deductions%2C%20Credits%20and%20Write-offs%20%7C%20Origin%20Financial&npa=0&pscdl=noapi&auid=1593260353.1741836273&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Tax Filing Documents We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/what-documents-do-you-need-to-file-your-taxes#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/what-documents-do-you-need-to-file-your-taxes) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/what-documents-do-you-need-to-file-your-taxes) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/what-documents-do-you-need-to-file-your-taxes) By Austin Payne / Published 1.9.2025 / Updated 1.10.2025 Taxes are undeniably one of the most cumbersome aspects of our financial lives and something almost no one looks forward to — especially when you owe taxes rather than get a refund. The good news is we're here to help reduce your burden and make tax filing easier this season. We're pleased to introduce to you our comprehensive tax document checklist: an overview of _any_ and _all_ documents you might need for your unique tax situations. Review this checklist when you're gearing up to start filing - trust us, it will help to have all your documents gathered and readily available before you click “start filing.” # Things Everyone Will Need Taxes are a pretty personal thing, and there are many documents you'll need that are unique to your situation. But — there are some basics that _everyone_ will need when it comes time to file. - Social security number or tax ID number - Foreign reporting and residency information - if applicable - Copy of your previous tax return - **Routing and account numbers:** If you're owed a refund, you’ll need this to receive it by direct deposit. If you owe taxes, you’ll need this to pay your balance. # **Traditional Income Documentation** - **W-2:** For the [overwhelming majority](https://www.nytimes.com/2019/12/18/upshot/multiple-jobs-united-states.html#:~:text=The%20vast%20majority%20of%20tax,economists.) of Americans, their income statements come in the form of a W-2, which is the document used to report wages paid to and taxes withheld from employees. If you had more than one job in 2023, you'll need your W2 from each of those employers. # **Did you do some investing or maybe utilize a high-yield savings account? You may need these.** - Interest, dividend income (1099-INT, 1099-OID, 1099-DIV) - Income from sales or stock or other property (1099-B, 1099-S) - Dates of acquisition and records of your cost or other basis in property you sold (if basis is not reported on 1099-B) - Expenses related to your investments - Record of estimated tax payments made (Form 1040-ES) - Transactions involving cryptocurrency (Virtual currency) - 5498 showing IRA contributions - All other 5498 series forms # **Self-Employed and Freelancers** Being self-employed is a realm of its own when it comes to taxes and almost always makes your tax situation a bit more complicated than the average filer. But, with a [growing share](https://www.zippia.com/advice/how-many-freelancers-in-the-us/) of the labor force engaging in freelance work, this tax situation is becoming more common. - 1099, Schedules K-1, income records to verify amounts not reported on 1099-MISC or 1099-NEC - Expense records - Business-use asset information - Office in home information - Record of estimated tax payments made (Form 1040-ES) # **Retirees** Unfortunately, even though you've stopped working, the requirement to report your income and pay taxes on it hasn't changed. Retirees who don't have W2 or business income likely still find themselves with reportable income from their retirement accounts, pensions, annuities, or Social Security benefits. - Pension/IRA/annuity income (1099-R) - Traditional IRA basis (i.e. amounts you contribute to the IRA that were already taxed) - Social security/RRB income: SSA-1099, RRB-1099 # **Other Forms of Income** - Unemployment income: 1099-G # **Are You a Landlord?** Unless you're filing under a corporation (LLC, S-Corp, etc.), then rental income is generally taxed at your ordinary income tax rate. However, you'll need to keep your own records of this income, as well as any deductible expenses you might incur. - Records of income and expenses - Rental assets information (Cost, date placed in service) for depreciation - Record of estimated tax payments made (Form 1040-ES) # **Other Miscellaneous Kinds of Income Events** - Payment card and third-party network transactions - 1099K - Gambling income (W-2G or records showing income and expense records) - Jury duty records - Hobby income and expenses - Prizes and awards - Trust income - Royalty income 1099-MISC - Any other 1099s received - Record of alimony paid/received with ex-spouse's name and SSN - State tax refund # **For EV Owners** EVs are their own enigma of the tax code. Due to the overarching efforts to transition to green energy, those who buy electric vehicles (EVs) are often elligible for certain tax deductions offered as an incentive for their purchase. - Electric vehicle information - Form 8936 for the EV tax credit # **Health and Medical** According to the IRS, taxpayers can deduct qualified, unreimbursed medical care expenses exceeding 7.5% of their adjusted gross income. To claim this deduction, you'll need to itemize deductions on IRS Schedule A rather than opting for the standard deduction. Eligible expenses include payments for preventative care, treatment, surgeries, dental and vision care, visits to psychologists and psychiatrists, prescription medications, and medical travel expenses. Of course, expenses paid with an FSA or HSA are not deductible as these funds are already tax-advantaged. **If you bought coverage through one of the health insurance marketplaces — you'll need form 1095-A.** - Amounts paid for healthcare, insurance, and to doctors, dentists, hospitals - Amounts paid for qualified insurance premiums if paid outside of the Marketplace or an employer-provided plan **If you bought coverage through one of the health insurance marketplaces — you'll need form 1095-A.** Form 1095-A, the Health Insurance Marketplace Statement, is sent by the Marketplace to individuals who enrolled in a qualified health plan through the Marketplace. It provides important details about the insurance coverage, including: - **Coverage Info:** It provides details about the health insurance coverage, including the start and end dates of coverage, the monthly premium amount, and most importantly, the amount of any advance premium tax credit (subsidy) that was paid on behalf of the individual or family - **Second Lowest Cost Silver Plan (SLCSP):** This is used to calculate the premium tax credit. The SLCSP is the cost of the second-lowest-priced silver plan available to the individual in their area. Form 1095-A is important for those who received APTC to help offset the cost of their plan. It's used when filing taxes to reconcile the amount of APTC received with the actual premium tax credit you're eligible for, and this reconciliation may result in either a refund or an additional tax payment. # **Educational Expenses** Education expenses are also tax-deductible in certain scenarios – namely, tuition expenses and costs related to them, such as interest charges. These deductions come in the form of tax credits like the “American Opportunity Credit” for undergraduate students (and parents), and the “Lifetime Learning Credit” for graduate, non-degree, and vocational students. If you're planning to claim either of these credits, here's what you'll need: - 1098-T from educational institutions - Receipts that itemize qualified educational expenses - Records of any scholarships or fellowships received - 1098-E if you paid student loan interest Other scenarios - K-12 educator expenses - Federally declared disaster # **If You've Made it to The End of This List...** ... and gathered the documents that apply to your situation, you're making great progress! The next step is deciding how you would like to file your taxes, and we're here to help. For those looking for a do-it-yourself tax filing solution, you can file your taxes with us at no additional cost to your Origin membership. We've partnered with Column Tax to bring our members an embedded filing solution backed by the IRS so you can file your taxes where you manage your money. Simply answer a few prompts, upload your W-2, and we'll guide you through the process. Origin Tax is designed to handle any tax scenario or number of documents with no hidden upsells or fees. To learn more about Origin Tax and get notified when e-filing opens, click [here](https://mobile.useorigin.com/app/tax). [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836274045&cv=11&fst=1741836274045&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fwhat-documents-do-you-need-to-file-your-taxes&hn=www.googleadservices.com&frm=0&tiba=What%20Documents%20Do%20You%20Need%20to%20File%20Your%20Taxes%3F&npa=0&pscdl=noapi&auid=1745697147.1741836274&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## 2025 Tax Code Changes We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/2025-tax-code-changes#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/2025-tax-code-changes) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/2025-tax-code-changes) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/2025-tax-code-changes) By Austin Payne / Published 1.7.2025 / Updated 1.13.2025 Tax season is upon us yet again, and while preparing and filing your 2024 taxes is likely top of mind, this is also the time of year to take note of the IRS’s tax changes that are coming this year in 2025 (so, applicable for next tax season, and pertinent for your tax planning this year). And with the advent of e-filing, it’s becoming [increasingly common](https://www.efile.com/efile-tax-return-direct-deposit-statistics/) for Americans to take preparing their tax returns into their own hands. If you’re one of the 65M+ who prepared their own tax return last year and plan to continue doing so, it’s even more important to be aware of these 2025 tax changes coming your way. Learning about these 2025 tax changes ahead of time can help inform your financial planning throughout the year, helping you to make calculated money moves that optimize your [tax situation](https://www.useorigin.com/resources/blog/taxes-101-us-tax-basics?utm_source=2024%20tax%20changes%20blog&utm_medium=blog%20post&utm_campaign=blog) and minimize your tax liability. ## **Tax Changes in 2025 to Know** - The U.S. tax code contains a total of seven brackets ranging from 10% to 37%. What the IRS has updated for 2025 is not the rate but rather the income limit for each category, adjusting upward slightly for inflation. The 10% bracket will apply to income up to $11,925 (slightly higher than the $11,600 cap this year), and the 37% bracket now starts at $626,351, up from $609,000. While these might not be huge changes, the bracket shifts can lead to lower effective tax rates for many taxpayers, leaving a bit more money in your pocket. - **The standard deduction is also increasing.** Single filers will see their deduction rise to $15,000, up from $14,600 in 2024. For joint filers, it’s climbing to $30,000, and heads of households will get a $22,500 deduction. The standard deduction is a helpful way to reduce your taxable income, particularly for those who don’t itemize deductions. - **The IRS has also increased the annual gift tax exemption limit** (to $19,000 per recipient for individuals and $38,000 for couples) **and bumped up capital gains tax brackets.** Short-term capital gains will remain tethered to income tax brackets, and long-term capital gains will move up slightly, with a 0% rate now applying to individuals earning less than $48,350 and couples earning up to $96,700. The 15% rate will apply to individuals earning between $48,350 and $533,400, and the 20% rate will apply to those above that threshold. - **Retirement account contribution limits also get a bump**. **Starting with 401(k) plans, the employee contribution limit has increased** to $23,500 (up from $23,000 in 2024), and combined with employer matches and other contributions, the total annual limit rises to $70,000. For those aged 50 to 60, catch-up contributions remain the same as in 2024 at $7,500 extra. - **Some other quirky contribution caveats are rolling out in 2025 as well, thanks to SECURE 2.0,** the 2022 bipartisan law focused on encouraging Americans to save for retirement — those new provisions include: For investors aged 60-63, an enhanced catch-up contribution limit that is the greater of $10,000 or 150% of the standard catch-up contribution limit for individuals age 50 and older, meaning in 2025, the limit is $11,250 additional dollars, bringing the total contribution limit (before employer matching) to $34,750 for those in this age bracket. **This update is optional for employers,** meaning each plan sponsor will have to decide individually whether or not they elect to offer this new benefit. These updated limits apply to similar plans like 403(b)s and 457s, giving a range of options for increasing retirement savings. - **IRA and Roth IRA limits will remain the same** ($7,000), but health savings accounts (HSAs) will have their limits go up to $4,300 for individuals and $8,550 for families, and flexible spending accounts (FSAs) will see their contribution limits rise to $3,300. Additionally, individuals aged 55 or older can contribute an extra $1,000, maintaining the opportunity for extra savings in preparation for healthcare costs during retirement. - **The IRS has also increased the annual gift tax exemption limit** (to $19,000 per recipient for individuals and $38,000 for couples) **and bumped up capital gains tax brackets.** Short-term capital gains will remain tethered to income tax brackets, and long-term capital gains will move up slightly, with a 0% rate now applying to individuals earning less than $48,350 and couples earning up to $96,700. The 15% rate will apply to individuals earning between $48,350 and $533,400, and the 20% rate will apply to those above that threshold. ## **How to Use These Tax Changes to Your Advantage** Now that you’re up to speed on the tax code changes coming in 2025, the best way to use that knowledge is to take advantage of those changes. **Here are a few things you can do** - **Maximize your retirement contributions:** This opportunity is the same every year, and increased contribution limits across the board are just another reason to take advantage. By maximizing your retirement account contributions, not only will you be saving money on your taxes, but you’re also setting yourself up for your golden years. - **Make sure to get your employer match:** The contribution limits applied to your retirement accounts increase significantly when we factor in the employer match. If your employer offers a retirement account contribution match, it’s wise to do everything you can to take advantage of that. - **Take advantage of FSA/HSA limits:** If you’re enrolled in a qualifying high-deductible health plan, an HSA or FSA account is your tax-advantaged sidekick here. With higher contribution limits in 2025, the triple-tax advantage of these accounts is further multiplied. - **Use this year to get ahead on your estate planning:** While a marginal rise in the annual gift exemption doesn’t change much, it serves as a reminder to get ahead on your estate planning. Remember, the current estate tax exemption period will sunset starting January 1st, 2026, barring any legislative changes, and the lifetime exemption limit will drop back down to 2017 levels, which, when adjusted for inflation, is likely about $7M. - **Your paycheck might get slightly larger — use it for good:** A subtle but meaningful result of the tax brackets creeping up is the possibility of a slight increase to your paycheck as your withholdings shift as well. If you’re still living on a similar budget, toss that extra money into your retirement account each month and reap the rewards of compound interest for years to come. - **The standard deduction is rising again,** and about 86% of taxpayers will be taking it, as they always do. _“If you’ve found yourself often on the borderline between being able to itemize and being forced to take the standard deduction, maybe consider bunching some of your charitable donations this year to take advantage of possible itemization — before it rises again in 2026.”_ — **_Matt Shapiro, Origin Certified Financial Planner®_** - **Don’t let the reporting delay impact your bookkeeping:** Just because the IRS has delayed its reporting requirements for third-party platforms doesn’t mean we don’t have to report those earnings as income. Failing to keep up with your own transactions and reportable income can result in a lot of chaos and stress down the road, so make sure you’re documenting well, regardless. ## **Conclusion** No matter how much of a personal finance aristocrat you may be, preparing your taxes is a complex undertaking regardless of your experience. For most of us — we’re already busy enough as it is, and the last thing we need is a complicated, time-consuming tax-filing process. That’s exactly why Origin members can now file taxes in the same place where they manage, track, and invest their money. This is tax filing simplified. Tax filing comes at no additional cost for existing Origin members and free trial users, no matter your tax situation. Other comparative offers upcharge clients who are in complex tax situations, even just for having capital gains — we don’t. Within Origin, you can navigate every scenario at no extra cost. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836273138&cv=11&fst=1741836273138&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102015666~102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2F2025-tax-code-changes&hn=www.googleadservices.com&frm=0&tiba=Tax%20Changes%20in%202025%20%7C%20Origin%20Financial&npa=0&pscdl=noapi&auid=1116146651.1741836273&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Financial Wellness Strategies We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/financial-wellness-month-money-moves-for-january-2025#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/financial-wellness-month-money-moves-for-january-2025) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/financial-wellness-month-money-moves-for-january-2025) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/financial-wellness-month-money-moves-for-january-2025) By Austin Payne / Published 1.2.2025 # **Financial Wellness Month—Money Moves for January 2025** January marks Financial Wellness Month, a time dedicated to improving Americans' understanding and management of their money. It’s the perfect opportunity to embrace a new financial philosophy—one that prioritizes thoughtful planning and intentional habits to set the stage for a secure and stress-free future. After all, money touches nearly every aspect of our lives, from the goals we pursue to the stress we feel. By adopting a mindset of financial wellness, you can align your spending, saving, and planning with your values, creating balance and stability in the year ahead. January offers a fresh start—a chance to assess where you stand financially and take purposeful steps toward your goals. So, how can you turn these ideas into practice? Origin is the best place to start. Within our holistic money management platform, you’ll have all the tools you need to practice financial wellness at your disposal. Let’s break down the key habits and strategies to make 2025 the year you prioritize financial wellness. ## **What Exactly** **_Is_** **Financial Wellness?** At its core, financial wellness is the practice of managing your money in a way that promotes stability, reduces stress, and supports your overall life goals. It’s about having control over your finances rather than letting them control you. This philosophy extends beyond budgeting or saving—it’s about aligning your money habits with your personal values. Whether it’s building a safety net, paying down debt, or planning for future milestones, financial wellness means understanding your financial position and taking deliberate steps to improve it. ## **How to Start Practicing Financial Wellness** The first step is taking stock of where you stand financially. It’s not about judgment but about clarity—knowing where you are is the only way to chart a course forward. #### **Assess Your Financial Health** 1. **Emergency savings:** Do you have a fund that could cover 3–6 months of expenses? If not, building this [safety net](https://www.useorigin.com/resources/blog/guide-to-saving-and-budgeting) should be a top priority. 2. **Debt management:** Evaluate any high-interest debts, like credit cards, that may be holding you back. 3. **Retirement investing:** Are you contributing enough to stay on track for your long-term [retirement goals](https://www.useorigin.com/resources/blog/how-to-balance-saving-for-retirement-investing-and-student-loans)? 4. **Insurance coverage:** Review policies like health, auto, and life insurance to ensure you’re protected. ### **After This—Map Out Your Next Steps** Now that you know where you stand, it’s time to compare that with where you want to be in the future. - **Set clear goals**: Define specific, measurable financial goals for both the short and long term. For example, “Save $5,000 for an emergency fund by the end of the year” or “Pay off $2,000 in credit card debt within six months.” - **Prioritize the essentials**: Focus on the most pressing gaps first—whether that’s eliminating high-interest debt or building a savings buffer—and allocate your resources accordingly. - **Create a plan**: Break your goals into manageable steps. If you want to save $5,000, determine how much you need to set aside each week or month and automate the process by setting up automatic transfers on a recurring schedule. ### **Finally—Reinforce With Consistency** Some financial tasks are a one-off thing, but financial wellness is a lifestyle that informs all of your money moves for years to come and withstands the test of time. In order to make it stick, we need to create new frameworks and systems that reinforce this mindset—and that means forming new financial habits. We’ve outlined some important financial wellness moves for the month, but what about some routines to follow all of the time? - **Make money management an ongoing thing:** While we don’t suggest micromanaging your finances and fretting over every fluctuation, there is certainly a benefit to regularly checking on your finances in a controlled manner. Instead of just checking your bank account every so often, make it a habit to monitor for changes, trends, and actions you can take to improve or how you might need to adjust in accordance with your goals. - **Update the expectations you have for yourself:** If you look back, there have likely been times when you settled for sub-par financial decisions simply because that’s where the bar was set. As your mindset toward money shifts, so should the expectations you have of yourself. This adaptation will inadvertently influence you to improve your financial situation over time. - **Set financial boundaries:** Take control of your spending by clearly defining what is essential and what isn’t. Create limits for discretionary expenses like dining out, entertainment, or shopping, and commit to staying within those boundaries. Using a tool like [Origin’s budgeting platform](https://www.useorigin.com/products/spending) can make this process seamless, helping you track your expenses, set realistic limits, and align your spending with your goals. This doesn’t mean cutting out all fun—it’s about setting intentional spending habits that avoid impulse purchases and keep your financial progress on track. - **Stay informed:** Financial literacy is an ongoing journey. Dedicate time each week or month to read about personal finance trends, watch educational videos, or follow reputable financial experts who can offer fresh insights. Subscribing to [The Gist](https://www.useorigin.com/the-gist), Origin’s newsletter, is a great way to stay up-to-date with actionable tips and insights straight to your inbox. Staying informed helps you make smarter money decisions, anticipate changes in the market, and uncover opportunities to optimize your finances. Knowledge is one of your greatest tools in building long-term financial wellness. ## **Key Financial Wellness Moves for January** Financial Wellness Month calls January home for a reason—because, as nominal as it might seem, the truth is that the start of a new calendar year is a psychologically powerful time to undertake a new initiative, implement new habits, and form new goals financially. **Here are some specific actions you can take this month to set the tone for 2025:** - **Pay off holiday debts:** Americans spent [nearly $1 trillion](https://www.forbes.com/sites/joanverdon/2024/10/15/retail-group-upbeat-about-holidays-expects-980-billion-in-spending/) over the holidays in 2024, and [data](https://www.marketplace.org/2024/11/29/nearly-half-of-americans-are-still-paying-off-2023-holiday-debt-survey-says/) also shows that many were still paying off debt from the last holiday season, a trend that’s likely to continue. If you’re carrying credit card balances, prioritize paying them off quickly to avoid compounding interest. - **Open a high-yield savings account while rates are still high:** Despite higher yields in recent years, numbers show that the [vast majority](https://www.cnbc.com/select/americans-not-using-high-yield-savings-accounts/#:~:text=The%20majority%20of%20Americans%20%E2%80%94%2057,a%20high%2Dyield%20savings%20account.) of Americans have not been taking advantage of a high-yield savings account (HYSA) as a place to store their cash reserves. If you haven’t already, now’s the time to take advantage of high interest rates. With the Fed already cutting rates three times and expected to continue, taking advantage of higher returns while you can is a smart move. Alternatively, consider certificates of deposit (CDs) for even longer-term savings. - **Start organizing for tax season:** “Tax season” might seem like a long, four-month window, but it will pass you up quickly, especially if you procrastinate key tasks. To avoid oversights and maximize your refund (or minimize what you owe), it’s best to start early—begin gathering the necessary information and documents you’ll need and look into what deductions, credits, or write-offs you may be eligible for. - **💡Pro tip:** With an Origin membership, you get access [tax filing services](https://www.useorigin.com/products/tax) that cover all tax scenarios and make it easy and stress-free to file your taxes. - **Review your portfolio and investment plan:** The market has enjoyed historic returns over the past two years, and if you’ve got a certain allocation you’re aiming for, it’s likely that your portfolio may need some rebalancing. For funds you want to keep liquid, Origin’s [high-yield cash account](https://www.useorigin.com/products/investing) provides a way to grow your uninvested cash while keeping it readily accessible. As you look ahead to 2025, determine how much risk you can accept—if 2025 turns into a market correction year, you might consider holding more cash than before. - **Revisit your budget:** Budgets aren’t static; they should evolve as your financial situation changes, which means updating it _at least_ once a year. Life changes—whether it’s a raise at work, unexpected expenses, or new financial goals—require adjustments to ensure your budget continues to serve you effectively. Take the time to review and [update your budget.](https://www.useorigin.com/resources/blog/origin-best-budgeting-app-to-replace-mint) Look for areas where expenses have crept up, prioritize spending that aligns with your values, and reallocate funds to meet evolving priorities. - **Check on retirement contributions:** Your retirement savings strategy isn’t a set-it-and-forget-it plan—it requires regular attention to ensure you’re on track to meet your future goals. Take some time this January to review how much you’re contributing to accounts like a 401(k), IRA, or other retirement plans. Are you maximizing employer matches or contributing enough to align with your long-term objectives? If not, consider increasing your contributions, even by a small percentage—it can add up significantly over time, thanks to compound growth. ## **Continue Planning Ahead** While January is a time to focus on short-term goals like paying off holiday debt or adjusting your budget, it’s also an opportunity to plan for the months ahead. Consider what milestones or major expenses you anticipate in 2025. A big vacation? A new car? Planning now ensures you’ll have the funds when the time comes. Additionally, start thinking long-term. Building wealth takes time, and the earlier you start, the more benefits you’ll reap. By embracing a proactive, intentional approach, you’ll set yourself up for success not just this year, but for years to come. ### **Make Financial Wellness a Year-Round Commitment** Financial Wellness Month is just the beginning. While January is an excellent time to adopt new habits, true financial stability requires a year-round commitment. By reflecting on your financial health regularly and taking small, consistent steps, you’ll build a foundation for a brighter financial future. Whether you’re saving for a rainy day, tackling debt, or preparing for retirement, every step you take toward financial wellness is a step toward greater freedom and peace of mind. **How** [**Origin**](http://app.useorigin.com/) **can help:** If you’re looking for tools to simplify your financial journey, Origin has you covered. From budgeting and saving to investing and planning, Origin’s all-in-one platform makes it easier than ever to achieve your financial goals. Start your journey today with a free trial. [Get started for free](http://app.useorigin.com/sign-up) Related Articles [Personal Finance\\ \\ Your Financial Year’s End Check-List for 2024](https://www.useorigin.com/resources/blog/your-financial-years-end-check-list-for-2024) [Announcements\\ \\ Our New Advanced Reports Feature Lets You Drill Down Into Your Spending Trends](https://www.useorigin.com/resources/blog/advanced-reports-custom-budget-spending-trends) [Announcements\\ \\ Our New Specialized Financial Planner Sessions Give You Access to Financial Advice on Your Own Terms](https://www.useorigin.com/resources/blog/new-specialized-financial-planning-sessions) [Financial Wellness\\ \\ Financial Wellness Stats for 2024](https://www.useorigin.com/resources/blog/financial-wellness-stats-you-need-to-know-in-2024) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836278670&cv=11&fst=1741836278670&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102614960~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Ffinancial-wellness-month-money-moves-for-january-2025&hn=www.googleadservices.com&frm=0&tiba=Financial%20Wellness%20Month%E2%80%94Money%20Moves%20for%20January%202025&npa=0&pscdl=noapi&auid=2115082866.1741836278&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Financial Resolutions Guide We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/financial-new-years-resolutions-are-they-worth-making#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/financial-new-years-resolutions-are-they-worth-making) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/financial-new-years-resolutions-are-they-worth-making) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/financial-new-years-resolutions-are-they-worth-making) By Austin Payne / Published 1.2.2025 # **Financial New Year’s Resolutions—Are They Worth Making?** Every year, millions of people set New Year’s resolutions. If you look at survey data, you’ll find that roughly one-third to one-half of U.S. adults plan to make resolutions when the calendar turns. However, [only about 9%](https://www.driveresearch.com/market-research-company-blog/new-years-resolutions-statistics/#:~:text=Let's%20see%20how%20many%20resolutions,their%20resolutions%20throughout%20the%20year.) of people actually stick to their resolutions. This low success rate begs the question: are New Year’s resolutions worth making? **The answer, especially when it comes to financial goals, is often yes.** Financial resolutions are consistently [among the most common](https://www.statista.com/chart/29019/most-common-new-years-resolutions-us/), second only to health-related resolutions. After all, improving your financial situation is one of the most impactful changes you can make. Not only will it have a lasting effect on your wealth, but it can also bring positive changes in other areas of life, from reducing stress to giving you the freedom to pursue your passions. **But how can you actually stick to these resolutions?** It’s all about building good habits and staying flexible. Here’s how to make your 2025 financial resolutions more achievable: ## **1\. Focus on your financial foundation first.** Before you dive into other financial resolutions, make sure you have the essentials in place. These foundational steps will help you stay financially healthy and ready to tackle more ambitious goals. #### **Key Foundations to Prioritize:** - **Budgeting:** Set up a [realistic budget](https://www.useorigin.com/resources/blog/new-spending-features-make-your-budget-more-customizable) that reflects your income and expenses. Make sure it allows for saving and debt repayment. - **Emergency Fund:** Aim to [build a safety net](https://www.useorigin.com/resources/blog/new-in-origin-investing-savings-and-ai-tools-make-wealth-building-easy-and) of 3–6 months’ worth of expenses. This buffer helps protect you from unexpected financial hits. - **Retirement Contributions:** If you’re not contributing regularly to [retirement accounts](https://www.useorigin.com/resources/blog/how-to-assess-your-retirement-readiness-with-sidekick-our-ai-financial) such as a 401(k) or IRA, now’s the time to start. The earlier you invest, the more you’ll benefit from compound interest. ## **2\. Document your progress** It’s easy to get discouraged when working toward big financial goals. One of the best ways to stay on track is by documenting your progress. Tracking where you started and where you are now keeps you motivated and shows how much you’ve accomplished. - **Track payments and savings:** If your goal is to pay off debt, keep a log of every payment. - **Visualize milestones:** Create a chart or spreadsheet to mark your progress and celebrate small wins. - **Use apps or tools:** Financial management apps are a game-changer for keeping track of spending and achieving savings goals automatically. Origin’s all-in-one platform simplifies the process by offering budgeting, investing, and net worth tracking tools in one place. [**Learn more about how Origin can help you stay on top of your finances.**](https://www.useorigin.com/) ## **Automate the essentials** One of the easiest ways to stick to your financial resolutions is by automating as much as possible. Automation ensures consistency, freeing you from having to remember to make contributions or transfers each month. #### **Ways to Automate:** - **Automatic Transfers to Savings:** Set up recurring transfers for emergency savings or other goals. For example, $250 every month for your emergency fund. - **Automatic Contributions to Investments:** Set up automatic transfers into a [retirement account](https://www.useorigin.com/resources/blog/how-to-assess-your-retirement-readiness-with-sidekick-our-ai-financial) like a Roth IRA. - **Bill Payments:** Automate bill payments to avoid late fees and stay on top of your [budgeted monthly expenses](https://www.useorigin.com/resources/blog/new-spending-features-make-your-budget-more-customizable). ## **4\. Reassess and adjust your goals periodically** When you make a goal and put it on “set it and forget it” mode, the odds of it being forgotten and relegated to the resolution graveyard increase drastically. By regularly interacting with, updating, and checking in on the goals you set, you increase your odds of success monumentally. - **Be flexible:** If you plan to save $6,000 this year but an unexpected expense reduces that target, adjust to a more feasible goal. - **But also, try to beat it:** While flexibility and forgiveness is important, it’s also important to see that goal as just a baseline—if you can exceed it, go for it. - **Check-in regularly:** Set quarterly financial reviews to check if you’re on track, make adjustments, or celebrate progress. - **Update as needed:** Goals should be living, breathing things—adjust them when life changes. ## **5\. Break down big goals into manageable milestones** Big goals, like saving $5,000 or paying off large debts, can feel overwhelming. Instead of trying to achieve these large objectives in one fell swoop, break them into smaller, more manageable milestones. #### **How to Break Down Big Goals:** - **Set weekly or monthly targets:** If you want to save $5,000, break it down into savings of $100 each week or $400 per month. - **Focus on consistency:** Small, consistent efforts add up over time. Don’t worry about perfection, just progress. - **Celebrate milestones:** Celebrate when you hit key targets, like paying off $1,000 of your debt or saving your first $500. ## **6\. If you fall off track, get back on** Don’t let a small setback derail your financial goals. If you fall off track, don’t abandon your resolutions altogether—just get back on. Remember, financial goals aren’t restricted to the start of the year. - **Start over at any time:** You don’t have to wait for next January. Set your intentions and begin working on them today, whether it’s February or September. - **Forgive yourself:** Be kind to yourself if things don’t go as planned. The important part is getting back to your goals, and not giving up. - **Stay consistent:** Don’t let guilt or frustration stop you—just keep moving forward. ## **Final reminders** New Year’s resolutions, especially financial ones, can have a profound impact on your life—but only if you commit to them. By documenting your progress, focusing on the fundamentals, automating where possible, and adjusting your goals as needed, you can create a financial roadmap that leads to real change. Remember, resolutions are about progress, not perfection. Embrace flexibility, break down big goals into manageable steps, and keep moving forward—even if you stumble along the way. Consistency is key, and [**Origin**](https://app.useorigin.com/) can help by providing an all-in-one platform to track, manage, and grow your finances—helping you stay on top of your goals all year long. [Get started for free](http://app.useorigin.com/sign-up) Related Articles [Financial Wellness\\ \\ Financial Wellness Month—Money Moves for January 2025](https://www.useorigin.com/resources/blog/financial-wellness-month-money-moves-for-january-2025) [Personal Finance\\ \\ Your Financial Year’s End Check-List for 2024](https://www.useorigin.com/resources/blog/your-financial-years-end-check-list-for-2024) [Announcements\\ \\ Our New Advanced Reports Feature Lets You Drill Down Into Your Spending Trends](https://www.useorigin.com/resources/blog/advanced-reports-custom-budget-spending-trends) [Announcements\\ \\ Our New Specialized Financial Planner Sessions Give You Access to Financial Advice on Your Own Terms](https://www.useorigin.com/resources/blog/new-specialized-financial-planning-sessions) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836278986&cv=11&fst=1741836278986&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Ffinancial-new-years-resolutions-are-they-worth-making&hn=www.googleadservices.com&frm=0&tiba=Financial%20New%20Year%E2%80%99s%20Resolutions%E2%80%94Are%20They%20Worth%20Making%3F&npa=0&pscdl=noapi&auid=1290571368.1741836279&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Advanced Budget Reports We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/advanced-reports-custom-budget-spending-trends#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/advanced-reports-custom-budget-spending-trends) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/advanced-reports-custom-budget-spending-trends) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/advanced-reports-custom-budget-spending-trends) By Nora Biette-Timmons / Published 12.20.2024 / Updated 1.8.2025 We are super excited to be launching one of our most-requested features: advanced reports. What does that mean? As an Origin member, you’ll now be able to drill down into your data and generate custom reports that examine your spending trends. You can filter your reports based on timeframe, accounts (like specific credit cards or bank accounts), categories, merchants, and transaction amounts. Even better? Once they’re generated, these analyses are super clean and easy to read, and you can pick from a handful of visualization methods to further customize your report. [Get started with advanced reports today.](https://app.useorigin.com/sign-up) ### **Here are some of the types of queries our new advanced reports can answer:** - How much have I spent on my Chase Sapphire card over the past six months? - What is my cash flow looking like after my trip to Hawaii? - How much have I spent on Lyft and Uber over time? - How has my spending changed in specific categories over time? - Which credit card do I use the most? - What month this year did I spend the most? - Have I been eating out more or less in the past 90 days? - How’s my income changed since I switched to part-time work? - What’s my net cash flow for the year look like? - How much did I transfer to investment accounts last month? ### **How you can visualize your spending trends** For **cash flow reports**, you’ve got a bunch of different visualization options: Stacked bar charts, side-by-side bar charts, and Sankey diagrams (on desktop only). ![](https://images.ctfassets.net/agrlvtq28rka/dgfoMw7jLJXl5k7MMsCeO/67de77e7d42870fc0f456f2ba773d82a/Sankey.png?fm=webp&w=3840&q=80) For **reports on your expenses**, you can visualize your data in a stacked bar chart, or in a donut diagram. ![](https://images.ctfassets.net/agrlvtq28rka/6qaxeFjEjp0BTnudthrdzk/aa6c84a8bc64c8bf11e06a11c1110efc/Donut.png?fm=webp&w=3840&q=80) For **income reports**, your data is automatically visualized in a bar chart. ![](https://images.ctfassets.net/agrlvtq28rka/3wmbJmWbMVUaVQ1wbH1LxH/862f654d9149af762b44f1ccf02d82e0/Income.png?fm=webp&w=3840&q=80) For **reports on your transfers**, your data is automatically visualized in a waterfall money-in vs. money-out bar chart. ![](https://images.ctfassets.net/agrlvtq28rka/4nxB3Dj7FFL4QQER9wPRRk/76934994b3aafa4caa6dd604722c10dc/Transfers.png?fm=webp&w=3840&q=80) Custom reporting has been one of our top requests, and we’re so excited that it’s live for all members starting today. [Check out a full walkthrough of the feature here](https://www.loom.com/share/687413f176284f6e82ea8e9fa18895c0?sid=a54c9a9c-1f19-464a-bd03-578d01b751b0). We can’t wait for you to get an even better understanding of your spending trends with this new feature. Give it a go, and let us know what you think. [Start your free Origin trial today](https://app.useorigin.com/sign-up) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836278871&cv=11&fst=1741836278871&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102693808~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fadvanced-reports-custom-budget-spending-trends&hn=www.googleadservices.com&frm=0&tiba=Origin%E2%80%99s%20New%20Advanced%20Reports%20Help%20You%20Stay%20on%20Top%20of%20Your%20Spending%20Trends&npa=0&pscdl=noapi&auid=1870628265.1741836279&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Financial Planning Sessions We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/new-specialized-financial-planning-sessions#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/new-specialized-financial-planning-sessions) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/new-specialized-financial-planning-sessions) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/new-specialized-financial-planning-sessions) Published 12.11.2024 / Updated 1.8.2025 At Origin, we're out to reimagine wealth management. A holistic view into your finances and easy budgeting is important—and these are some of our users’ favorite features—but knowing what to do with your money and how to plan for the future? That’s arguably even more important. Getting expert financial advice can be a huge advantage, and we believe that advantage should be available to everyone, not just the 1%. In Origin’s 2024 [State of Personal Finance Survey](https://www.useorigin.com/resources/blog/origins-state-of-personal-finance-apps-2024), which includes data from over 1,000 Gen Z and Millennial personal finance app users, 80% of respondents who have worked with a financial planner reported their net worth growing by _at least_ 30% since beginning to do so; nearly 60% said their net worth has grown 50% or more. It’s clear that meeting with a financial advisor can really impact your net worth over the long term. However, traditional financial planning models come with a pretty big barrier to entry: long-term contracts, hefty asset-under-management (AUM) fees — and, sometimes, advice that feels generic and unspecific to your financial situation or goals, especially if you’re still early in your career. That's where Origin can help, and why we're introducing specialized sessions across a range of topics. Whether you're planning a wedding, buying a home, saving for retirement, trying to pay off debt — or literally anything else — we want you to be able to get advice on your own terms (and at an accessible price). In these sessions, our Origin financial advisors will go over your finances with you, answer your specific questions, give you strategic guidance, and create an actionable plan for making your financial goals a reality. To get started, choose a session that fits your needs the most, and start thinking about any and every question you might want to ask an expert on that topic. Now you’re on your way to building confidence in your financial plan. ### Meet our new planner sessions: - **30-minute General Session:** A quick, focused financial check-in to review your finances. Great for those who have a targeted question, need help evaluating a decision, or looking for quick advice to make progress towards a goal. - **60-minute General Session:** In-depth, comprehensive financial planning. This is the best option if you’re seeking a thorough review of your financial situation, need advice planning for the long-term, and want to develop tailored strategies to hit all your goals. This session is also a great starting point if you’ve never met with a financial planner before. - **Budget & Debt Session:** Take control of your cash flow with a deep dive into your budget and spending. In these meetings, a financial advisor will break down your expenses, hone in on your circumstances and priorities, and help you craft a tailored budget and/or debt management plan. - **Portfolio Review:** Unsure if your investment portfolio is working as hard as it could? During a portfolio review with one of our Certified Financial Planner®s, they’ll evaluate your level of risk, identify any blind spots, and help optimize your strategy. The best part? You’ll get guidance without any AUM fees. ### End 2024 strong with 40% off any session. Your financial goals should empower you—not overwhelm you. In order to help build a plan that fits your wealth-building journey, we’re celebrating this launch by offering you 40% off when you book a session before December 31, 2024. As always, working with an Origin CFP® professional is a great deal: On demand, no long-term contracts, no AUM fees. We can’t wait for you to get started. [Get 40% off a planning session if you book by the end of 2024.](https://app.useorigin.com/advice/overview?utm_source=blog&utm_medium=organic&utm_campaign=planner_gtm_2024) Disclaimer: Promotion available to our paid members. Advisory services are offered through Origin Investment Advisory LLC ("Origin RIA"), a Registered Investment Adviser registered with the Securities and Exchange Commission and a wholly-owned subsidiary of Blend Financial Inc. DBA Origin Financial. Origin RIA's registration as a Registered Investment Adviser does not imply a certain level of skill or training. The information contained herein should in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services. All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836278715&cv=11&fst=1741836278715&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c1v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fnew-specialized-financial-planning-sessions&hn=www.googleadservices.com&frm=0&tiba=New%20Specialized%20Financial%20Planner%20Sessions%20Give%20You%20Access%20to%20Financial%20Advice%20on%20Your%20Own%20Terms&npa=0&pscdl=noapi&auid=44969721.1741836278&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Preparing Employees for Taxes We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-employers-can-prepare-their-employees-for-tax-season#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-employers-can-prepare-their-employees-for-tax-season) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-employers-can-prepare-their-employees-for-tax-season) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-employers-can-prepare-their-employees-for-tax-season) By Austin Payne / Published 12.6.2024 / Updated 1.22.2025 # **How Employers Can Prepare Their Employees for Tax Season** Let’s face it — navigating tax season alone can be pretty overwhelming. The IRS [estimates](https://www.irs.gov/pub/irs-pdf/i1040gi.pdf) the average American spends about 13 hours and over $250 a year on their tax returns. To make matters worse, many big companies want to keep it that way, charging extra fees if you have a question or based on your specific tax situation. In an already stressful season, why should filing taxes be made more complicated, unpredictable, and expensive? Unfortunately, many employers leave their employees hanging when it comes time to prepare their taxes.  “Here’s your W-2 for the year; good luck.” Taxes can quickly become overwhelming without the quality support and resources they need. This seasonal burden can and will weigh on your employees, negatively impacting productivity, company morale, and, ultimately, their financial and mental well-being. ## **Stopping The Cycle—How Employers Can Prepare and Support Their Employees This Tax Season** ### **\#1 Contextualize and Streamline the Paper Trail** Taxes can be messy, and employees shouldn’t have to dig through a pile of paperwork just to get started. Streamlining the tax document process and providing clear context can significantly reduce confusion. Start by offering guidance on what each document means, what to do with it, and what they should be paying attention to. Consider organizing their tax-related forms into an easily navigable digital folder with a checklist that explains each document in simple terms. This can help them quickly identify what they have and what’s still missing. By providing easy access to these resources and ensuring employees understand the significance of each form, you’ll help them feel more in control of their tax filing process. ### **\#2 Grant Your Employees the Relief of a Great User Experience** Tax filing software and processes can often be archaic, complex, confusing, and just plain frustrating to use. A great user experience can make a huge difference in easing that stress. Origin, in partnership with Column Tax, provides [a sleek, easy-to-use tax filing service](https://www.useorigin.com/products/tax) at no extra cost right within our existing, holistic money management platform. This allows employees to file their taxes directly from an intuitive interface, reducing the learning curve and making the whole process smoother and more efficient. No more confusing forms or excessive tax jargon. With this service, employees can access everything they need to file accurately and stress-free, right from their fingertips. ### **\#3 Education Is Empowerment—Help Employees Understand Their Taxes** A lack of understanding is often one of the primary sources of financial anxiety. The more employees understand about how taxes work, the better prepared they’ll be to navigate tax season with confidence. Employers can bridge this knowledge gap by providing resources that help employees build financial literacy, especially when it comes to taxes. [Origin’s Learn suite](https://www.useorigin.com/products/employer-products) is an excellent resource for just that—empowering employees to better understand their taxes. With over 150 quiz-based lessons and articles on a range of financial topics—from budgeting basics and retirement plans to debt management and improving credit scores — employees can learn at their own pace. Offering on-demand learning, along with regular industry insights delivered via email, ensures that employees feel confident about their financial decisions and can approach tax season with less stress. ### **\#4 Provide Access to Financial Professionals Who Can Support Them** No matter how financially literate someone is, sometimes there’s simply too much to know. Whether it’s about maximizing deductions, navigating complex tax laws, or understanding the latest changes in tax policy, having access to financial professionals who can provide guidance is invaluable. Offering your employees access to experts who can answer questions, review their tax documents, and offer personalized advice can alleviate a lot of the stress that comes with tax season. Origin provides employees with unfettered access to [financial professionals](https://www.useorigin.com/products/guidance) who can help them navigate the nuances of their unique tax situations. Whether it’s confirming whether they’re eligible for certain credits or answering questions about complex deductions, having access to a pro can give your employees peace of mind during what is often a stressful time. ## **How Origin Can Help** **Fortunately, an all-in-one solution that can provide for all of these resources already exists.** [With Origin](https://www.useorigin.com/), your employees get access not only to a no extra cost, pleasant to-use tax-filing software but also unfettered access to financial professionals who can review, understand, and support their unique situation. But that’s not even the end—Origin also brings financial education to the forefront, empowering your employees to learn about taxes on their own time in our Learn portal, all while also providing a holistic view of their personal financial situation through that same platform equipped with tools for budgeting, spending, saving, investing, and much, much more. [Book a Demo](https://www.useorigin.com/employers/demo) Related Articles [Financial Wellness\\ \\ How Different Life Moments Impact Your Taxes](https://www.useorigin.com/resources/blog/how-life-moments-impact-taxes) [Financial Wellness\\ \\ Taxes 101: U.S. Tax Basics](https://www.useorigin.com/resources/blog/taxes-101-us-tax-basics) [Financial Wellness\\ \\ Why Financial Wellness Platforms Are Key to Employee Success](https://www.useorigin.com/resources/blog/why-financial-wellness-platforms-are-key-to-employee-success) [Financial Wellness\\ \\ How to Improve Employee Benefit Utilization](https://www.useorigin.com/resources/blog/how-to-improve-employee-benefit-utilization) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836278924&cv=11&fst=1741836278924&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-employers-can-prepare-their-employees-for-tax-season&hn=www.googleadservices.com&frm=0&tiba=How%20Employers%20Can%20Prepare%20Their%20Employees%20for%20Tax%20Season&npa=0&pscdl=noapi&auid=2060530341.1741836279&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Tax Season Preparation Guide We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-to-prep-for-tax-season#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-to-prep-for-tax-season) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-to-prep-for-tax-season) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-to-prep-for-tax-season) By Austin Payne / Published 12.3.2024 Tax season can feel like a daunting time of year, but with a little preparation, it doesn’t have to be overwhelming. Getting your documents organized, understanding important deadlines, and maximizing your deductions and credits are key steps toward a smoother, less stressful filing experience. Whether you're filing on your own or working with a tax professional, a little planning ahead can help ensure you’re fully prepared to file accurately and on time—while also minimizing your tax liability. In this guide, we’ll walk you through essential steps to take now to get ready for tax season and set yourself up for success. ## **Get Your Documents in Order Ahead of Time** Keep track of documents as they come in—have your docs ready to go before it's time to file. Stay organized by promptly tracking incoming tax documents, and ensure a smooth filing process by having all necessary documents ready in advance. Use a checklist to help you get organized: Leverage a tax document checklist to help you get organized and stay on track.  If you're working with a tax preparer, share the checklist with them. ### **Some common documents you’ll likely need include:** - Social security number or tax ID number - Foreign reporting and residency information—if applicable - Copy of your previous tax return - **Routing and account numbers:** If you're owed a refund, you’ll need this to receive it by direct deposit. If you owe taxes, you’ll need this to pay your balance. - **W-2:** For the overwhelming majority of Americans, their income statements come in the form of a W-2, which is the document used to report wages paid to and taxes withheld from employees. If you had more than one job in 2023, you'll need your W2 from each of those employers. - **For those self-employed,** things like 1099s, Schedules K-1, records of estimated tax payments made (Form 1040-ES), and income records to verify amounts not reported on 1099-MISC or 1099-NEC are important to have. - **If you had interest income or capital gains, you'd need:** Forms for interest and dividend income (1099-INT, 1099-OID, 1099-DIV) - **For retirees:** Pension/IRA/annuity income (1099-R), traditional IRA basis (i.e., amounts you contribute to the IRA that were already taxed), Social Security/RRB income: SSA-1099, RRB-1099 ## **Make Time to Maximize Contribution Limits and Deadlines** Making contributions to tax-deferred accounts is one of the simplest ways to reduce your tax liability while also investing or saving for health-related expenses. However, not all of these account types are created equal, and they come with different deadlines. - For pre-tax retirement accounts like 401(k), 403(b), and 457s, Dec 31st is the last day to make contributions and maximize up to the limit of $23,000.  For IRAs, the contribution deadline extends up until next year’s tax filing deadline. - HSAs also come stamped with a Dec 31st deadline, as do charitable contributions. ## **Know Your Deductions, Credits, and Write-Offs** Broadly speaking, tax deductions come in two flavors — the standard deduction and itemized deductions. The standard deduction is a set amount by which all filers can reduce their taxable income. For 2023, that amount is $14,600 for single filers, $21,900 for heads of households, and $29,200 for those married filing jointly. Next year, those deductions increase to $15,000, $22500, and $30,000. Itemized deductions, on the other hand, are exactly what they sound like. Instead of taking the lump-sum standard deduction, filers can choose to itemize certain eligible deductions based on their tax situation and expenses. It's estimated that [about 90%](https://taxpolicycenter.org/briefing-book/what-standard-deduction#:~:text=For%20example%2C%20in%20tax%20year,about%2070%20percent%20in%202017.) of filers choose to take the standard deduction. This is because you can't take both the standard deduction and itemized deductions, and unless your itemizations exceed the SD, they are simply not worth it. If you think your tax situation might be on the fence, though, it's important to give yourself enough runway to prepare and do some math to figure out which option is best for you. ### **What About Tax Credits?** Deductions also aren't to be confused with [tax credits](https://www.useorigin.com/resources/blog/tax-optimization-strategies), which they can coexist with. Filers can take tax credits for certain eligible events or expenses, and these credits reduce their taxes owed in direct proportion to their value. I.e., a $1,000 credit is good for a $1,000 reduction in taxes owed. In many cases, this can help facilitate a refund. The same applies here—while tax credits are different, giving yourself time to research and understand what you might qualify for can help reduce your tax bill or increase your tax refund. ### **Here are some of the most common tax credits you might qualify for.** - Saver’s Credit - Solar Tax Credit - Electric Vehicle (EV) Tax Credit - American Opportunity Tax Credit - Energy Efficient Home Improvement Tax Credit - Child Tax Credit or Child and Dependent Care Credit - Earned Income Tax Credit: The Earned Income Tax Credit (EITC) ### **Charitable Donations** For itemizers who donated, you have the potential to deduct the value of your charitable contributions—whether in cash or property, like clothing or a car—from your taxable income. As per the IRS guidelines, you can typically deduct up to 60% of your adjusted gross income. **Make sure your donations are worth it, though.** In general, you won't get a tax deduction for donations that are less than your standard deduction unless you have enough total itemized expenses to exceed your SD. ### **Retirement Contributions** Arguably the most important and most common method of lowering your tax bill, contributions made to tax-deferred retirement accounts are not to be overlooked. For the tax year 2024, filers can deduct up to: - **401(k), 403(b), 457:** Standard contribution limit: $23,000; catch-up contribution (age 50+): $7,500; total limit with catch-up: $30,500; employer contributions are additional, with a combined limit of $66,000 ($73,500 with catch-up). - **Traditional IRAs:** Standard contribution limit: $7,000; catch-up contribution (age 50+): $1,000; total limit with catch-up: $7,500; no employer contributions and deductibility may be limited by income if covered by a workplace retirement plan. ## **Don’t Wait Until The Last Minute** According to the IRS, [almost a quarter](https://turbotax.intuit.com/tax-tips/tax-extensions/what-me-worry-last-minute-taxes/L6g58eRCf) of Americans wait until the last two weeks to file their taxes. This can easily create an atmosphere of stress and rush around filing taxes, often forcing filers to make less-than-optimal decisions that cost them money. **But also, don’t file too early:** “Many taxpayers want to file quickly to get their return quickly. Sometimes that leads to accidentally filing before important paperwork arrives - paperwork regarding charitable deductions, student loan interest, etc. Without these documents, you may end up getting a smaller refund than you deserve and have to amend your return later to get the full refund.” — Matt Shapiro, Origin Certified Financial Planner® **Basically—balance is key.** Start preparing as early as you can, make sure everything is in order, and then be prepared to file ahead of the due date. ## **Other Considerations** - **Make** **_sure_** **you don’t qualify for free filing before you pay:** Many tax services are advertised as free, but many filers quickly find themselves disqualified when they mention a 1099 or the sale of stocks. Some people do qualify, though, but it’s best to be sure before you start the filing process and come up against a fee you weren’t prepared to pay. If you’re looking for a tax preparation service without the hidden costs, you can file your federal and state returns [with Origin](https://www.useorigin.com/products/tax) for just $12.99/mo. We accept all tax scenarios and even let you talk to our team of tax experts at no additional cost. - **Take some time to learn:** Understanding taxes reduces financial anxiety and helps individuals confidently navigate tax season. By learning about tax strategies, deductions, retirement plans, and other financial topics, tax filers can make more informed decisions and maximize their tax benefits. - **Consider working with a financial planner:** If navigating taxes and maximizing deductions feels overwhelming, working with a financial planner can provide valuable support. A professional can offer personalized advice, help you understand complex tax laws, and ensure you're making the most of available opportunities, giving you peace of mind during tax season. - **A bonus tip for next year’s tax preparation:** Make proactive decisions throughout the year. As you become more aware of the impact taxes have on your finances, make sure to use that knowledge to make prudent money moves in 2025 that lend themselves to tax advantages. ## **How Origin Can Help** If you're looking for an easier, more affordable way to file your taxes, [Origin has you covered](https://www.useorigin.com/products/tax). In addition to all the features and services that help you track your money and grow your wealth, Origin has also teamed up with Column Tax to bring members free federal and state tax filing. All you need to do is upload last year’s returns, follow the guided flow, and rest easy knowing your returns are backed by our maximum refund and 100% accuracy guarantee. Looking for some additional help filing your taxes? For the 2024 tax season, our members can purchase expert-guided assistance to reduce the burden of filing and get a professional stamp of approval before you submit. But that’s just the start—Origin also offers a comprehensive Learn portal where you can explore tax-related topics and financial education at your own pace. Along with that, our platform provides a holistic view of your finances, giving you the tools to budget, save, invest, and plan for a more secure financial future. Related Articles [Financial Wellness\\ \\ Taxes 101: U.S. Tax Basics](https://www.useorigin.com/resources/blog/taxes-101-us-tax-basics) [Financial Wellness\\ \\ How Different Life Moments Impact Your Taxes](https://www.useorigin.com/resources/blog/how-life-moments-impact-taxes) [Financial Wellness\\ \\ Tax Optimization Strategies to Lower Your Tax Bill in 2025](https://www.useorigin.com/resources/blog/tax-optimization-strategies-to-lower-your-tax-bill-in-2025) [Announcements\\ \\ File Your Taxes for Free With Origin](https://www.useorigin.com/resources/blog/free-tax-filing-origin) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836278836&cv=11&fst=1741836278836&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-to-prep-for-tax-season&hn=www.googleadservices.com&frm=0&tiba=How%20to%20Prep%20for%20Tax%20Season&npa=0&pscdl=noapi&auid=1355542912.1741836279&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Year-End Financial Checklist We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/your-financial-years-end-check-list-for-2024#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/your-financial-years-end-check-list-for-2024) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/your-financial-years-end-check-list-for-2024) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/your-financial-years-end-check-list-for-2024) By Austin Payne / Published 12.3.2024 / Updated 12.30.2024 # **Year-End Financial Checklist: 5 Key Areas to Review Before 2024** As we approach the end of the year, it's easy to get swept up in the excitement of holiday plans and celebrations. However, the end of the year is also a prime time to assess your finances, reflect on the year that was, and set yourself up for financial success in the year ahead. By taking stock of a few key areas, you can ensure you're making the most of your money, reducing unnecessary expenses, and positioning yourself for a more secure financial future. Here are five critical financial tasks to tackle before the year ends: ## **1\. Review Your Budget: Make Adjustments Where Needed** While budgeting is a practice that many Americans commit to ( [84%](https://www.nerdwallet.com/article/finance/data-2023-budgeting-report) say they do it), it’s often not done routinely or effectively. In fact, a majority (83%) of people admit to overspending each month, with 44% of them using credit cards to cover the difference. If you fall into this camp, don’t worry—you're not alone, and now is the perfect time to take a fresh look at your budget. **Why review your budget?** Your financial life evolves over the course of a year. You may have paid off a debt, received a raise, experienced changes in living expenses, or reallocated some of your spending. These shifts mean that your budget likely needs to be adjusted to align with your current financial reality. As you review your spending, ask yourself these questions: - **Has your income changed?** Consider any raises, bonuses, or side income you've earned throughout the year. - **Have your expenses shifted?** Think about new bills (such as higher rent or a new car payment) or any costs you've reduced (like paying off a loan or eliminating a subscription). - **Are there categories where you're overspending?** If certain expenses have crept up, now’s the time to get them back on track. ### **Action items:** - Update your income and expense categories to reflect any changes. - Adjust your savings goals, particularly if your income has increased. - Re-evaluate discretionary spending and cut back where possible. ## **2\. Review Your Retirement Contributions: Stay on Track** Retirement planning is an ongoing process that requires attention throughout the year. Unfortunately, many people don’t contribute enough to their retirement savings. According to financial planners, allocating at least 20% of your monthly income to retirement is a smart guideline. However, [more than half](https://www.kiplinger.com/retirement/need-to-save-more-for-retirement-youre-not-alone-says-study#:~:text=More%20than%20half%2C%20or%2057,they%20did%20a%20year%20ago.) of American workers report they are not on track to retire comfortably. **Why review retirement investing?** The end of the year is a good time to evaluate your progress and see how far you’ve come toward your retirement goals. If you haven’t been contributing enough, it’s important to make adjustments before the year ends. A little extra effort now can have a significant impact on your retirement security down the road. ### **Action items:** - Assess your current retirement account balance in relation to your goals. - Max out contributions to tax-advantaged retirement accounts like a 401(k) or IRA (considering the 2024 contribution limits). - If you’re behind, consider increasing your contribution percentage for the next year. ## **3\. Rebalance Your Investment Portfolio & Harvest Losses** Just like your budget, your investment portfolio requires regular attention, especially at the end of the year. As the market fluctuates, certain investments may grow disproportionately in relation to others, which can skew your portfolio allocation. This misalignment can potentially increase risk or reduce returns in the long run. **Why rebalance?** Rebalancing ensures your portfolio stays aligned with your long-term goals, risk tolerance, and asset allocation strategy. If your risk profile has changed, rebalancing also gives you an opportunity to adjust for that. ### **Action items:** - **Rebalance your portfolio:** If you originally aimed for a 60% stock and 40% bond allocation, but due to strong market performance in tech, your portfolio is now 70% equities, it’s time to sell some stocks and buy more bonds to bring it back in line. - **Tax-loss harvesting:** If your investments have incurred losses this year, consider selling some losing assets to offset gains in other parts of your portfolio. This strategy can help reduce your taxable income. ## **4\. Review Your Home Insurance Coverage: Avoid Underinsurance** It’s estimated that [nearly a quarter](https://www.nationwide.com/lc/resources/home/#:~:text=About%20two%20out%20of%20every,underinsured%20by%2060%25%20or%20more.) of U.S. homes are underinsured, meaning their homeowners' insurance would not cover the full cost of rebuilding in the event of a disaster. With natural disasters like hurricanes wreaking havoc in 2024, now is a critical time to review your home insurance policy and ensure you have adequate coverage. **Why review home insurance?** Home insurance policies often change over time, whether due to changes in the value of your home, renovations, or increases in construction costs. It’s essential to ensure that your policy reflects the full cost of rebuilding and replacing your home and belongings. Additionally, if your area is prone to flooding, now is a great time to add flood insurance if you don’t already have it. ### **Action items:** - Check that your dwelling coverage is sufficient to rebuild your home in the event of a total loss. - Review any recent home improvements that may increase your home’s value and adjust your coverage accordingly. - If you live in a flood-prone area, consider adding or increasing your flood insurance coverage. ## **5\. File Claims for FSA Reimbursement: Don’t Leave Money on the Table** For those with a Flexible Spending Account (FSA), the year-end can be a crucial time. Unlike Health Savings Accounts (HSAs), FSA funds typically don’t roll over into the next year. Instead, any unused money is returned to your employer—often resulting in billions of dollars in forfeited funds every year. **Why claim FSA funds?** FSA accounts can be used for a variety of eligible expenses, including medical bills, prescription costs, and even childcare. However, if you don’t use the funds by December 31, you risk losing them. Some employers offer a grace period, usually until March 15, but it’s important to confirm your plan’s deadlines. ### **Action items:** - Review your FSA balance and make sure you’ve used all the funds for eligible expenses. - If you’re close to the deadline, consider making purchases for medical supplies, prescription refills, or other FSA-approved expenses. - If your employer offers a grace period, make sure to use the extra time wisely. ## **How Origin Can Simplify Your Year-End Financial Planning** Origin is your all-in-one financial management platform, designed to make year-end planning—and managing your finances year-round—easier and more efficient. For just $12.99 per month, you get access to tools for tracking your net worth, budgeting, investing, saving at competitive yields, and even tax filing. Our platform offers holistic financial solutions, including 1-on-1 meetings with financial professionals, AI-powered insights to optimize your strategy, and comprehensive estate planning tools to ensure you’re covered in every aspect of your financial life. As the year wraps up, Origin helps you streamline your year-end tasks like investment rebalancing, tax optimization, and retirement planning, all in one place. Related Articles [Announcements\\ \\ Our New Advanced Reports Feature Lets You Drill Down Into Your Spending Trends](https://www.useorigin.com/resources/blog/advanced-reports-custom-budget-spending-trends) [Announcements\\ \\ Our New Specialized Financial Planner Sessions Give You Access to Financial Advice on Your Own Terms](https://www.useorigin.com/resources/blog/new-specialized-financial-planning-sessions) [Personal Finance\\ \\ Worried About Your Holiday Budget? Origin’s Financial Planners Share Their Seasonal Spending Tips](https://www.useorigin.com/resources/blog/black-friday-holiday-budgeting-tips) [Personal Finance\\ \\ Comparing Origin and Monarch Money](https://www.useorigin.com/resources/blog/monarch-money-vs-origin-financial-app-budget-review-comparison) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836279046&cv=11&fst=1741836279046&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fyour-financial-years-end-check-list-for-2024&hn=www.googleadservices.com&frm=0&tiba=Your%20Financial%20Year%E2%80%99s%20End%20Check-List%20for%202024&npa=0&pscdl=noapi&auid=421140497.1741836279&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Estate Planning Essentials We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/estate-planning-considerations-for-small-and-large-business-owners#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/estate-planning-considerations-for-small-and-large-business-owners) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/estate-planning-considerations-for-small-and-large-business-owners) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/estate-planning-considerations-for-small-and-large-business-owners) By Austin Payne / Published 11.27.2024 Business owners have unique estate planning considerations. If you are a business owner, whether you own 100% or a partial stake in a business, you should address critical issues as part of your overall estate plan. ## **No estate plan in place** If you have no estate plan, at a minimum, get a last will and testament to specify who inherits your estate. You can make provisions regarding your business in your will. Without a will or living trust, your state law will determine who inherits your business, potentially taking months or years to settle in probate. With a last will, you can leave your business to one or more people or place it in a trust for your spouse, ensuring they receive income from the company after your passing. When your spouse later passes away, your interest in the business can be distributed to the other beneficiaries you designated. ## **No business disruption** If your death would disrupt day-to-day operations, consider transferring your ownership interest in the business to a living trust. By doing this, your interest won’t be tied up in probate. The successor trustee can take immediate action to protect your interest, whether by selling the company or continuing operations. ## **Power of attorney** All business owners should have a durable power of attorney in place. If the owner becomes incapacitated, the designated power of attorney can manage business matters. This could be a family member, business associate, or trusted friend. ## **No plan to deal with partners** If you are a partial owner, an estate plan is crucial. A buy-sell agreement stipulates what happens to an owner’s share if they die. For example, the remaining owners might need to purchase the deceased owner’s share. The buy-sell agreement can set a value or outline how it will be determined, but it’s essential to review these agreements annually as business circumstances can change. ## **No tax plan** When a business owner passes away, the fair market value of the business must be determined through appraisals, and federal estate tax can be about 40% of this value. However, estates under $11.7 million are exempt from federal estate tax. Business owners anticipating significant future value increases may consider gifting interests to heirs before appreciation occurs to save on estate taxes. ## **No communication plan** In addition to legal documents, clear communication about the "why" behind decisions can facilitate smoother transitions. When surviving owners and family members understand the reasoning behind certain agreements, they may be more accommodating of aspects they don’t like. ## **Not reviewing estate plans each year** Business owners need to continuously monitor their estate plans as businesses often transform rapidly. Failing to update the estate plan in response to business changes can lead to unintended consequences. If you are a small business owner, you may feel you lack the time to address estate planning. However, handling these estate planning needs could be one of the smartest moves for your employees, customers, and beneficiaries. [Get Started](https://app.useorigin.com/sign-up) Related Articles [Estate Planning\\ \\ Estate Planning Considerations For Blended Families](https://www.useorigin.com/resources/blog/estate-planning-considerations-for-blended-families) [Estate Planning\\ \\ Estate Legal Matters To Deal With When Your Spouse Dies](https://www.useorigin.com/resources/blog/estate-legal-matters-to-deal-with-when-your-spouse-dies) [Estate Planning\\ \\ Considerations For Non-Probate Assets](https://www.useorigin.com/resources/blog/considerations-for-non-probate-assets) [Estate Planning\\ \\ Choosing the Right Executor for Your Estate](https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate-plan) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836278930&cv=11&fst=1741836278930&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Festate-planning-considerations-for-small-and-large-business-owners&hn=www.googleadservices.com&frm=0&tiba=Estate%20Planning%20Considerations%20For%20Small%20(And%20Large)%20Business%20Owners&npa=0&pscdl=noapi&auid=1673851585.1741836279&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Financial Wellness Platforms We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/why-financial-wellness-platforms-are-key-to-employee-success#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/why-financial-wellness-platforms-are-key-to-employee-success) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/why-financial-wellness-platforms-are-key-to-employee-success) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/why-financial-wellness-platforms-are-key-to-employee-success) By Austin Payne / Published 11.25.2024 # **Why Financial Wellness Platforms Are Key to Employee Success** Nowadays, money is integral in almost all aspects of our modern lives. As a result, employees face a range of financial challenges that can affect not only their personal lives but also their professional well-being, and the data bears this truth out. A significant portion of employees — [about 57%](https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html) — report finances being the top source of stress in their lives, a burden that often finds its way into their workplace. This financial anxiety can lead to decreased productivity, higher absenteeism, and increased healthcare costs. In fact, studies have shown that financial stress can cost employers up to [$250 billion](https://www.webmdhealthservices.com/blog/financial-stress-in-the-workplace-how-to-help-employees-cope/) annually in lost productivity. So, how do we fix this under-addressed problem? The most viable solution—financial wellness platforms that provide employees with the support they need to succeed, both personally and professionally. ## **Don’t Leave Employees Hanging—Financial Wellness Platforms Empower Employees to Build Wealth** Employees want to feel supported throughout their journey with money, not just handed benefits and left hanging. While many employers provide a base level of financial benefits — like health insurance or retirement plans — they often overlook the broader financial needs of their employees. A financial wellness platform addresses this gap, offering employees the resources to take control of their finances, make informed decisions, and ultimately build wealth. When employees feel secure in their financial situation, they are more focused, less stressed, and more engaged at work. Financial wellness is no longer a luxury; it's a key factor in overall employee success. Providing employees with a comprehensive financial wellness platform creates a win-win situation for both the workforce and the company as a whole. ### **What a Good Financial Wellness Platform Will Include** For a financial wellness platform to be truly effective, it needs to offer a comprehensive, user-friendly experience that empowers employees to take action. **Here’s a breakdown of the key features that make a platform stand out:** #### **\#1: A Holistic, Comprehensive Overview of Their Financial Situation** A strong financial wellness platform gives employees a clear, 360-degree view of their financial health. This includes tracking assets, liabilities, spending habits, savings goals, and more. By giving employees a comprehensive snapshot of their financial situation, they can make informed decisions about where they need to focus their efforts. Whether it’s managing debt, increasing savings, or investing for the future, a good platform enables employees to see the full picture and take actionable steps toward financial stability. This transparency and clarity are crucial for helping employees build wealth over time. #### **\#2: The Ability to Engage With, Customize, Simulate, and Manipulate Their Data** A financial wellness platform should not just provide static data; rather, it should also allow employees to interact with it. Employees should be able to customize their financial overview by tagging transactions, adjusting budgets, and setting new goals. This level of engagement makes the platform more than just a tool for tracking — it becomes an interactive resource for financial planning. #### **\#3: The Ability to Budget, Save, and Invest in the Same Place** When it comes to managing personal finances, having multiple disconnected tools can cause more stress than it alleviates. Employees shouldn’t have to jump between different apps or services to manage their money. A good financial wellness platform integrates budgeting, saving, and investing into one seamless experience. With a unified platform, employees can manage their day-to-day budgeting, set aside savings, and explore investment options all in one place. This integration simplifies the process and reduces friction, making it easier for employees to stay on top of their financial goals. Employees can budget, save at a competitive yield, and invest [all within the same Origin platform.](https://www.useorigin.com/) This streamlined experience makes it easier for employees to make informed financial decisions and track their progress toward their goals. #### **\#4: Comprehensive Financial Solution—Includes Important Aspects Like Taxes and Estate Planning** Financial wellness isn’t just about net worth or retirement savings; it’s about addressing the broader aspects of an employee’s financial life. A comprehensive financial wellness platform should include tools and resources for handling taxes, estate planning, and other crucial aspects of personal finance. For instance, Origin not only provides budgeting, saving, and investing tools, but we also offer often overlooked aspects of financial wellness, such as [tax filing services](https://www.useorigin.com/products/tax) and [estate planning resources](https://www.useorigin.com/products/estate-planning). These services help employees navigate complex financial areas that they might otherwise ignore or struggle with, ensuring that their financial picture is as complete and accurate as possible. #### **\#5: Empowerment Through Learning** A lack of understanding is often one of the primary sources of financial anxiety. When employees don’t fully grasp concepts like tax laws, credit scores, or how to manage debt, it can create unnecessary stress. Financial wellness platforms should offer education that empowers employees to make informed financial decisions with confidence. [Origin’s Learn Suite](https://www.useorigin.com/employers) provides employees with a range of on-demand financial lessons on everything from budgeting basics to more advanced topics like tax strategies and retirement planning. These lessons are designed to be interactive, with quizzes and articles that cater to different learning styles. By offering continuous education, employers can help employees build the financial literacy needed to navigate their personal finances — and reduce financial anxiety in the process. #### **\#6: Access to Professionals Who Can Support Them** Sometimes, employees need expert guidance to navigate complex financial situations. Whether it’s understanding how to maximize deductions on their taxes or making decisions about estate planning, financial decisions can often be overwhelming. Having access to financial professionals — such as Certified Financial Planners®️ — can provide employees with the support they need to make confident, informed decisions about their finances. Whether employees need personalized advice on investments, retirement planning, or tax filing, Origin offers employees access to [professional guidance](https://www.useorigin.com/products/guidance) for a wide range of situations. This support can help employees address specific questions, review their financial strategies, and ensure they are on track to meet their goals. ## **Origin—Your All-Inclusive Solution** Origin is tailored to meet the diverse needs of your workforce, offering a wide range of financial wellness benefits that integrate seamlessly into your existing programs. With Origin, your employees will gain access to a comprehensive money management platform with resources that enhance financial literacy, provide real-time guidance, and promote overall well-being. Investing in your employees' financial futures improves their quality of life while boosting productivity and loyalty within your organization. Explore how Origin can be your all-in-one solution for a healthier, happier workforce. Learn more about our offerings for employers at Origin for Employers, and discover our comprehensive platform at [Use Origin](https://www.useorigin.com/). [Request a demo(opens in new window)](https://www.useorigin.com/employers/demo) Related Articles [Personal Finance\\ \\ Worried About Your Holiday Budget? Origin’s Financial Planners Share Their Seasonal Spending Tips](https://www.useorigin.com/resources/blog/black-friday-holiday-budgeting-tips) [Personal Finance\\ \\ Comparing Origin and Monarch Money](https://www.useorigin.com/resources/blog/monarch-money-vs-origin-financial-app-budget-review-comparison) [Financial Wellness\\ \\ The Future of Financial Wellness Benefits: Trends to Watch](https://www.useorigin.com/resources/blog/the-future-of-financial-wellness-benefits-trends-to-watch) [Financial Wellness\\ \\ The ROI of Offering Financial Wellness Benefits to Employees](https://www.useorigin.com/resources/blog/the-roi-of-offering-financial-wellness-benefits-to-employees) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836279076&cv=11&fst=1741836279076&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fwhy-financial-wellness-platforms-are-key-to-employee-success&hn=www.googleadservices.com&frm=0&tiba=Why%20Financial%20Wellness%20Platforms%20Are%20Key%20to%20Employee%20Success&npa=0&pscdl=noapi&auid=2030042526.1741836279&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Monarch vs Origin Comparison We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/monarch-money-vs-origin-financial-app-budget-review-comparison#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/monarch-money-vs-origin-financial-app-budget-review-comparison) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/monarch-money-vs-origin-financial-app-budget-review-comparison) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/monarch-money-vs-origin-financial-app-budget-review-comparison) By Nora Biette-Timmons / Published 11.20.2024 If you're interested in tracking your spending and creating a budget, you might be overwhelmed by the number of apps out there. We get it. One name that gets thrown around a lot is Monarch Money. We wanted to break down how Origin Financial and Monarch Money compare: what we share, and what’s different. While Origin and Monarch both have strong spend tracking and budgeting functions, Origin goes well beyond that. At Origin, we also offer high-yield cash accounts, no-fee index investing, estate planning, and one-on-one meetings with members of our Certified Financial Planner® team, who can assist you with everything from loan repayment to home buying to retirement planning. We’ll expand on those differences — and similarities — at more length below.  dive into the differences between Origin and Monarch a bit more. ### **Budgeting** Origin and Monarch are fairly evenly matched here, with streamlined, easy-to-use budgeting functionalities. Both apps: - Have custom categories. - Allow you to share your budget with a partner. - Send reminders about your monthly progress. - Gives you the ability to create advanced spending rules. - Let you customize your dashboard. At the bottom of your dashboard, Origin provides a handful of at-a-glance insights into your finances — things like your credit score, individualized spending trends, or savings opportunities. And Origin’s user interface also differentiates us; we’re cleaner and more streamlined, minimizing text on screen so that you can keep your focus on the important things: your money. ### **Spend Tracking & Cash Flow** Both Origin and Monarch offer spending tracking, which is a crucial part of creating — and sticking to — a realistic budget. Both apps allow you to filter and sort through transactions; split them (so that, for example, you can slot items from a big Target order into different budget categories); edit every detail; and add any relevant notes in a memo section. We don’t just track money you’ve already spent though; Origin also lets you know when you’ve got upcoming bills or subscription charges, including credit card payments (a feature Monarch also recently launched). Both apps also put your recurring subscriptions into one place, so you can keep an eye on just how much you’re spending on a monthly basis. Monarch also offers spend forecasting, based on your spending habits over previous months; Origin does not. ### **Net Worth Tracking** Both Origin and Monarch offer net worth tracking, which auto-updates when you connect your accounts and allows you to track your net worth over time. (We don’t offer historic net worth, though; we’re only able to track it once you connect your accounts to Origin.) Both Origin and Monarch have integrations with Zillow and Coinbase, meaning your net worth truly reflects all of your assets. Origin also offers equity tracking, if you have ever earned equity as part of your compensation package. Our product also simulates different tax scenarios so that you can make fully informed decisions. ### **Financial Planning** Monarch allows financial professionals joint access to their clients’ accounts, either for free or with financial professionals covering clients’ annual fees. That’s great, but Origin goes a lot further: We have a team of Certified Financial Planners® on staff, and our platform connects users with financial planners who can address their specific needs and develop financial plans with their specific goals in mind. As an Origin user, you’re always just a few clicks away from scheduling time to meet with a Origin financial planner, who can advise you on home buying, investing, retirement planning, debt repayment, and more. Plus, our AI financial assistant, Sidekick, is always on and able to answer your questions about budgeting, your cash flow, and your portfolio performance. Plus, you can access AI-powered workflows that give you a full snapshot of your [investment positions](https://www.useorigin.com/resources/blog/how-ai-financial-assistant-help-investments) in seconds (plus actionable guidance), help you understand your [retirement readiness](https://www.useorigin.com/resources/blog/how-to-assess-your-retirement-readiness-with-sidekick-our-ai-financial), and partner with you to create an emergency fund. ### **Investing** Origin wins here, hands down, because we go well beyond just tracking and advising. We also offer a cash account with a market-beating interest rate, automated index investing, and stock bundles. (Monarch offers none of these.) As of early November, our [high-yield cash account](https://www.useorigin.com/resources/blog/origin-high-yield-cash-account-rate) has a standard rate of 5.15% — plus an additional 0.5% for your first three months. We launched these accounts because we want to remove any obstacles to maximizing your money and putting your idle cash to work. Our automated index investing accounts are managed investment portfolios that put your money in globally diversified stocks and bonds based on your own timetable, goals, and risk preferences. Crucially, these have no asset under management (AUM) fees — unlike most major brokerage firms, which typically charge between 0.25% and 1%. Our subscription fee covers the cost of managing these accounts, so you keep more of the money you earn. With Origin handling trading and rebalancing, these are simple, super cost-effective way to build your wealth — which we don’t take a cut of. We also offer [stock bundles](https://www.useorigin.com/resources/blog/stock-bundles-discover-invest-diversify-portfolio), packages of individual stocks that focus on a certain objective or theme, like, say, cloud computing or dividend blue chip stocks. Bundles are designed to supplement your core portfolio; save you time (no more scouring forums to find new stocks that might be good investments); and help you discover stocks that interest or intrigue you. Plus, Origin does all the math to make the investment based on the dollar amount you want to invest (rather than the share quantity), eliminating work for you and streamlining the way to a more diversified portfolio. Monarch allows you to track all of your investments in one place, and on its investments dashboard features a graph that compares your portfolio performance to that of the major indexes, but Origin offers that as well. ### **Estate Planning** Aside from our team of financial planners, one of the things that really sets Origin above is our commitment to helping users navigate the full range of financial matters life throws at you. To fulfill that promise, we offer estate plans (Trusts and Wills), built with the input and supervision of estate lawyers, to ensure that your family and assets are protected. Our estate plans are valid in all 50 states. A basic will is included in every membership and, if you have an annual membership, you’ll get 30% off a [Trust](https://www.useorigin.com/resources/blog/how-to-fund-a-trust) or Full Will. Monarch does not offer estate planning. ### **Tax Filing** Origin [partners with Column Tax](https://www.useorigin.com/resources/blog/tax-filing-simplified-new-in-origin) to allow users to file their state and federal taxes for free every year. After all, when all of your money is already in one streamlined place, why not also file taxes there? Our tax filing system is capable of covering high levels of tax complexity; is backed by our maximum refund guarantee; and gives you access to on-demand tax expert support for free. Monarch does not have tax functionalities. ### **User Experience** Here’s another category where Origin obviously comes out on top. On Reddit, many Monarch users say that they regularly have issues with connecting their financial accounts — everything from mortgage lenders to credit unions to major investment companies. Sometimes they simply won’t connect, but other times they’ll show outdated (or wrong) balances, or duplicate transactions. Its main selling point is budgeting and spending tracking, so accurate and up-to-date data is key to that functioning. If you as the user are having to manually update your accounts and transactions on a regular basis, you might as well revert to tracking your finances on a spreadsheet — that’s free at least. The Origin platform is also seamless and easy to use. The team recently refreshed the app in September 2024 to give you a beautiful and easy-to-use user experience. ### **Responsiveness** At Origin, iterating on our product regularly is a priority for us. When users request specific functionalities, we deliver — quickly. In the past two months alone, we’ve rolled out highly requested features, including [Apple Card and Cash](https://www.useorigin.com/resources/blog/apple-card-integration) connections; Coinbase and [Zillow](https://www.useorigin.com/resources/blog/whats-new-in-origin-q2-2024) integrations; and advanced rules, which helps you fully customize your budget and spend tracking. We also have a product advisory council made up of real Origin users that gives feedback on each new functionality. And when it comes to technical support, our customer care team has a one-minute response time on live chat. ### **Financial Education & Resources** At Origin, our newsletter, The Gist, keeps readers informed about economic conditions and educated about personal finance matters that may impact their bottom line. (You can also sign up for it for free at the footer of our [homepage](https://www.useorigin.com/).) We take financial education seriously at Origin, and our [Resources tab](https://www.useorigin.com/resources) is home to a host of blog posts breaking down some of the more complex elements of financial planning. \\*\\*\\* Fundamentally, Monarch is just budgeting and tracking — Origin is so much more. No other app on the market comes close to our all-in-one financial platform, where we are democratizing wealth-building and helping you maximize your money. And if you're a former Monarch member making the switch to Origin, the first year of your membership is on us. You can get more details [here](https://www.useorigin.com/resources/blog/www.useorigin.com/compare/monarch-alternative) and get started below. [Get one year free](https://app.useorigin.com/sign-up?promo=make-the-switch) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836278669&cv=11&fst=1741836278669&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102696397~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fmonarch-money-vs-origin-financial-app-budget-review-comparison&hn=www.googleadservices.com&frm=0&tiba=Personal%20Finance%20Apps%3A%20Origin%20Financial%20vs.%20Monarch%20Money%20Comparison&npa=0&pscdl=noapi&auid=1550195536.1741836278&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Holiday Budgeting Tips We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/black-friday-holiday-budgeting-tips#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/black-friday-holiday-budgeting-tips) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/black-friday-holiday-budgeting-tips) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/black-friday-holiday-budgeting-tips) Published 11.20.2024 Black Friday and Cyber Monday — the biggest sales periods of the year — are just around the corner. In fact, a bunch of brands have already launched their holiday promotions. While there’s nothing wrong with getting your holiday shopping done early (or waiting for a discount to buy a product you’ve been wanting), it’s easy to get swept away in the holiday spirit and end up spending much more than you planned — on Black Friday _and_ throughout the holiday season. So we turned to our team of financial planners here at Origin for some tips on how to responsibly manage your finances going into the holiday season — while still having fun and enjoying the festive spirit. ### **Potential mistakes to avoid** When asked to choose from a long list of holiday-related financial mistakes, our planners overwhelmingly said that the biggest holiday mistakes you can make are: 1. Overspending on gifts 2. Accumulating high-interest credit card debt 3. Not accounting for non-gift expenses (i.e. travel, parties). If you fall into any of these holiday-related traps, they can have long-term consequences. Depending on your financial situation, holiday spending can delay savings goals and increase your overall debt burden, or create a snowball effect on debt that can take months or years to recover from. ### **Expert-recommended approaches** The good news is that these potential mistakes can be mitigated with planning and budgeting. Our team of financial professionals suggested straightforward ways to help you — and a lot of it’s in the timing. **Make a gift list and stick to it.** That helps you avoid impulsive, unplanned purchases, and means the gift section of your holiday budget will be totally accurate. **Set a holiday budget early and track your spending.** Paul Meaden, an Origin Planner, advises clients to “budget for each day,” and Hetika Ladhani CFP® says that “tracking your spending in real-time ensures you stay within your budget, helping you adjust as needed and avoid post-holiday debt.” Your holiday budget should not include just gifts or travel, but incidental purchases, like the extra groceries for your annual cookie-baking extravaganza, or the cost of printing and sending your annual family card. Ideally, you shouldn’t just think about holiday spending at this time of the year, says Origin Planner Raunak Mehta: “Like all other financial goals, holiday planning should be an integral part of every family's financial strategy. By treating it as a priority, you can ensure a stress-free holiday without financial strain.” **Start shopping early**. Beginning your gift scouting as early as possible gives you a sense of the general price range of what you plan to buy — which means you’ll be able to spot a sale when it comes up. ### **Remember: Sales aren’t always what they seem.** Have you ever wondered how brands are able to give such steep discounts on so many items? Well, when it comes to sales, the devil’s always in the details. According to data from 2021, 98% of products that were on sale on Black Friday at big retailers like Amazon were the same price or cheaper at some other point throughout the year, [the BBC reported](https://www.bbc.com/news/business-63702559). Sure, that doesn’t necessarily mean you’re not getting a deal — those lower prices throughout the year might also have been sales. But keep in mind that, no matter what the advertisement messaging is, you’re not always getting the best prices of the year on Black Friday. Plus, according to the personal finance experts over [at the Motley Fool](https://www.fool.com/money/personal-finance/articles/3-lies-retailers-tell-you-about-black-friday-sales/), “Retailers can slap any old price tag on a given item and then mark it down so that it looks like you're getting a bargain.” So remember: Brands aren’t always being 100% honest with you. Maybe this info makes a difference for your purchasing habits, maybe it doesn’t — but you should keep it in mind. ### **How we can help** If following all this advice sounds a bit overwhelming, don’t worry: [With Origin](http://app.useorigin.com/), you can easily set a holiday budget and track your spending. We connect to all your accounts and pull all that data into one place, so you have maximum visibility into how your spending is stacking up. We give you updates, showing how you’re tracking against your monthly budget, and also allow you to create custom holiday budget categories, which helps you see specifically how much the holidays impact your spending. And once the hustle and bustle of the holidays has died down, Origin will be there to help you gain insights and plan longer-term. It’s super easy to set up a meeting with our planners so that you can review your finances holistically and start 2025 on the right financial footing. These are a lot of do’s and don’ts that will help you financially in the short- and long run — but the point of having healthy finances is so that you can enjoy your life. As Jochen Blaskowitz CFP® put it when talking about big-picture financial planning, “You should not only think about retirement and the future,” but remember “the here and now and spend some of the money on consumption and experiences.” Don’t forget to enjoy the holiday season! [Get one year free](https://app.useorigin.com/sign-up?promo=make-the-switch) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836283573&cv=11&fst=1741836283573&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fblack-friday-holiday-budgeting-tips&hn=www.googleadservices.com&frm=0&tiba=Origin%E2%80%99s%20Financial%20Planners%20Share%20Holiday%20Budget%20Tips&npa=0&pscdl=noapi&auid=229863565.1741836283&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Estate Planning Tips We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/estate-planning-considerations-for-blended-families#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/estate-planning-considerations-for-blended-families) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/estate-planning-considerations-for-blended-families) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/estate-planning-considerations-for-blended-families) By Austin Payne / Published 11.20.2024 Aside from the day-to-day challenges that families face, blended families and stepfamilies face additional obstacles regarding estate planning. For example, one of the concerns often not addressed by a simple will involves leaving your entire estate to your surviving spouse. After you pass away, your surviving spouse could exclude your children and leave all assets to your spouse's children, a new spouse, or anyone you want. Here are three estate planning pointers for blended families and stepfamilies who want protection for their families and assets. ## **Consider creating a Living Trust Plan** Leave your estate to a trust that your spouse can benefit from for the rest of your spouse's lifetime. By leaving your estate in a trust for your spouse, you get to control where any remaining trust assets go when your surviving spouse dies. This strategy accomplishes the dual objective of enabling your spouse to access funds while also ensuring that the remaining trust assets go to your beneficiaries when your surviving spouse passes away. ## **Address what will happen to your home when each spouse passes away** Blended families should address what happens to their residence when each spouse passes away. Many couples in blended families want to ensure that the surviving spouse can continue to live in the home after the first spouse passes away. You can structure your will or living trust, if you wish, to ensure that the surviving spouse cannot get kicked out of the residence by the children if the first spouse passes away. ## **Create your power of attorney and health care documents** A complete estate plan for blended families encompasses the durable power of attorney (POA) and health care legal documents. If you are in a blended family situation, you'll want to select the most qualified person to be your agent to act on your behalf when you get to a point during your lifetime when you cannot sign your name, pay your bills, and make your medical decisions. Whether that person is your spouse, an adult child, or another trusted friend or relative, it's important to find someone you can depend on. Documenting your wishes might keep your spouse, children, or others from arguing about who should be making your important life decisions. [Take our assessment](https://app.useorigin.com/estate-planning/assessment) Related Articles [Estate Planning\\ \\ Estate Legal Matters To Deal With When Your Spouse Dies](https://www.useorigin.com/resources/blog/estate-legal-matters-to-deal-with-when-your-spouse-dies) [Estate Planning\\ \\ Considerations For Non-Probate Assets](https://www.useorigin.com/resources/blog/considerations-for-non-probate-assets) [Estate Planning\\ \\ Choosing the Right Executor for Your Estate](https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate-plan) [Estate Planning\\ \\ Charitable Giving in Estate Planning](https://www.useorigin.com/resources/blog/charitable-giving-in-estate-planning) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836283541&cv=11&fst=1741836283541&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Festate-planning-considerations-for-blended-families&hn=www.googleadservices.com&frm=0&tiba=Estate%20Planning%20Considerations%20For%20Blended%20Families&npa=0&pscdl=noapi&auid=1997306833.1741836283&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Advanced Spending Rules We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/advanced-rules-spending-feature-new#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/advanced-rules-spending-feature-new) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/advanced-rules-spending-feature-new) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/advanced-rules-spending-feature-new) Published 11.19.2024 We’re excited to announce that we’re rolling out one of our most-requested features: advanced spending rules. We know that our members want to break down their spending in a way that makes sense for them. Now, you can drill down deeper in Origin and create your own set of rules. ### **What rules you can make** There are a handful of scenarios that advanced rules will be particularly useful for. These are among the types of advanced rules you can now make: - **Rules based on payment methods.** This can be especially handy if you regularly shop somewhere that gets miscategorized; now, you can create a rule that automatically sorts those transactions into the category you want. - **Rules to delete transactions.** Sometimes you don’t want or need payments to show up or affect your budget. Fair enough! Now you can set your Origin account to automatically hide certain transactions. - **Rules to customize your spending tracking.** For example, if inscrutable or incomplete vendor names annoy you, you can set it so that they appear as a more legible name. So, for example, you can set your account to do things like: - Put all “Uber” transactions in your Transportation category. - Categorize all transactions that contain “Zelle” in the description _and_ are between $1,000 and $1,500 as Rent. - Mark all transactions on your Ramp credit card as work expenses. ### **How rules can help you manage your spending** Advanced rules allow you to categorize your spending on a granular level, in as much detail as you want. Some people will have a handful of rules, and other users may have dozens; what you decide to do all depends on what information will be most helpful to you. These rules ultimately allow you to get actionable insights into the nuances of _your_ spending. Maybe you’re trying to find a way to cut down on certain categories of spending; first you need a full picture of what exactly is in those categories. Or maybe you’re planning for a new addition to your family, and want to track exactly how and where your spending is impacted. In these situations — and countless others — you can’t manage your spending without a full picture of it, and that’s where advanced rules come in. ### **How to add rules** Head over to your spending tab, and click to see all of your recent transactions. At the bottom of the Spending Breakdown page, you’ll find a button that says “Spending settings.” There you can set your rules and edit them as you’d like. The mechanism for rules can seem a bit technical, but it’s really pretty straightforward, we promise. These are “if, then” rules. So you’re telling our backend that _if_ a transaction has a certain attribute, _then_ a specific action should be performed. The first part of the rule — the “if” — can be based on any of these criteria: - **Merchant:** You can specify merchants via the “ **exactly matches**” or “ **contains**” filters. - **Amount:** Including amounts less than, equal to, or greater than a given total, or within a range. - **Spending categories:** You can set a rule to apply only to some specific spending categories. - **Accounts:** You can set rules based on your accounts that are connected to Origin. You can set your “then” part of the rule — i.e. what is changed — to be any of these things: - **Rename merchant.** - **Update category.** - **Hide transaction.** - **Change description.** For example, if your monthly Petsmart order gets categorized as “household,” you can create a rule that automatically sorts it into “pet expenses,” so you no longer have to do it manually. ### **Get started!** At Origin, we pride ourselves on being responsive to our members’ needs, and are really excited to be rolling out this highly requested feature. We encourage you to get started setting up your own advanced spending rules to create your totally customized, perfect-for-you tracker. Let us know how it goes, and how these rules are helping you budget. We’re all ears over on [Reddit](https://www.reddit.com/r/OriginFinancial/), and you can always be in touch with our direct support team to give immediate feedback or get instant help. [Get one year free](https://app.useorigin.com/sign-up?promo=make-the-switch) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836283499&cv=11&fst=1741836283499&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fadvanced-rules-spending-feature-new&hn=www.googleadservices.com&frm=0&tiba=New%20on%20Origin%20Financial%3A%20Advanced%20Spending%20Rules&npa=0&pscdl=noapi&auid=332718302.1741836283&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Estate Legal Matters We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/estate-legal-matters-to-deal-with-when-your-spouse-dies#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/estate-legal-matters-to-deal-with-when-your-spouse-dies) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/estate-legal-matters-to-deal-with-when-your-spouse-dies) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/estate-legal-matters-to-deal-with-when-your-spouse-dies) By Austin Payne / Published 11.13.2024 Losing your spouse can be one of the most challenging events to go through. Not only is the surviving spouse in mourning, but there are often immediate next steps they need to take, such as notifying loved ones, planning a funeral, and other tasks. Unfortunately, many of us do not realize that there are legal matters to take care of. While every situation is unique, the following outlines the next steps to take care of estate legal matters after a spouse passes away. ## **1\. Determine if you need to go through probate** Within a few days or a couple of weeks after your spouse dies, you should determine whether probate is necessary. Take a look at real estate titles, bank account titles, brokerage account titles, and vehicle registration titles. If assets such as these are in the name of your deceased spouse, you may need to see an attorney about conducting the probate to handle these frozen assets and remove your deceased spouse's name from them. ## **2\. Obtain a death certificate** The official statement from the state that states the cause of death, date, and place of a person's death is called the death certificate. You can usually obtain a death certificate through the state or county vital records. ## **3\. Complete beneficiary designations** Once death certificates arrive, be sure to handle those beneficiary designation items, such as annuities, life insurance, IRAs, and other retirement accounts. ## **4\. Review their will or trust or the joint trust you may have created together** If your spouse or you and your spouse created a living trust, there might be no probate necessary. However, some joint living trusts require that the joint trust assets be split into two upon the first spouse's death. Don't be afraid to ask questions. But, if you need guidance, get the right guidance. While you may not want to make major financial and contractual decisions immediately, it is prudent to handle matters related to your spouse's death promptly. Related Articles [Estate Planning\\ \\ Considerations For Non-Probate Assets](https://www.useorigin.com/resources/blog/considerations-for-non-probate-assets) [Estate Planning\\ \\ Choosing the Right Executor for Your Estate](https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate-plan) [Estate Planning\\ \\ Charitable Giving in Estate Planning](https://www.useorigin.com/resources/blog/charitable-giving-in-estate-planning) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836283510&cv=11&fst=1741836283510&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Festate-legal-matters-to-deal-with-when-your-spouse-dies&hn=www.googleadservices.com&frm=0&tiba=Estate%20Legal%20Matters%20To%20Deal%20With%20When%20Your%20Spouse%20Dies&npa=0&pscdl=noapi&auid=671258950.1741836283&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Origin: Best Mint Alternative We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/mint-replacement-origin-financial-one-year-since-mint-shutdown#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/mint-replacement-origin-financial-one-year-since-mint-shutdown) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/mint-replacement-origin-financial-one-year-since-mint-shutdown) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/mint-replacement-origin-financial-one-year-since-mint-shutdown) By Matt Watson / Published 11.12.2024 / Updated 11.18.2024 About one year ago, Intuit [announced](https://www.bloomberg.com/news/articles/2023-11-01/intuit-winds-down-personal-finance-app-mint-shifts-users-to-credit-karma) that it would be shutting down Mint, the beloved personal finance app, at the end of the year. Millions of users were frustrated by the news, and Intuit’s solution — directing them to sign up for Credit Karma, its other personal finance platform — was unsatisfying. Look, I’m biased as the founder and CEO, but I firmly believe Origin is the best Mint alternative. We’re a personal finance app, and we do everything Mint did — and so much more. Mint was the blueprint for our space, and now we’re building on its legacy. We offer Mint’s much-loved features — budgeting, spend tracking, account connection, and net worth tracking — plus a bunch of other capabilities that set Origin apart from other personal finance apps. Plus, we’re totally ad free. Origin puts all of your financial information in one place, so you can easily manage and grow your money. We give you the tools to do so, including access to Certified Financial Planners®, tax filing, and easy and affordable estate planning. In the past year, we’ve debuted _a ton_ of features at an exceptionally fast velocity, making Origin truly an all-in-one platform. We rolled out integrations with Zillow and Coinbase, meaning your net worth in Origin truly reflects all of your assets. We’ve made spend tracking even more customizable with editing and adding manual transactions. We began offering estate planning. In September, we debuted a high-yield cash account with a market-beating rate, and launched stock bundles. We’ve spent the year improving our AI financial assistant, Sidekick, because we know that maximizing the future of personal finance requires harnessing the power of AI. We’ve created Sidekick workflows that give you a full snapshot of your [investment positions](https://www.useorigin.com/resources/blog/how-ai-financial-assistant-help-investments) in seconds — coupled with actionable portfolio guidance — and help you quickly assess your [retirement readiness](https://www.useorigin.com/resources/blog/how-to-assess-your-retirement-readiness-with-sidekick-our-ai-financial). Best of all, our price point is unbeatable. We offer an annual subscription at $119/year, which includes a 30% off discount on financial planning and estate planning. We’re continuing to launch new features, and are doing so at impressive speeds. (By the time you read this, we’ve probably rolled out some more!) Our top-notch customer care team is super-responsive to user concerns and feedback, whether shared via email, on social media, or in live chat on our website — where we have just a one-minute response time. Customer feedback is super important to us; we seek out input and turn it into an actionable to-do list, and we build on our support team’s conversations with users to help us prioritize which new capabilities we should focus on. Our product advisory council — made up of real Origin users — gives feedback on each new functionality and tells us what they want us to work on next. And we also really value our Reddit community, where we share info about upcoming launches as well as our works in progress. If you’re still lost in the maze of post-Mint personal finance options, or you’re looking for something that does more than just track your spending, Origin is for you. Everything we do at Origin is in line with our mission to democratize wealth management, and we want you to tap into the full potential of what we offer. Try Origin for free. We can’t wait to hear what you think. [Try Origin Today](https://app.useorigin.com/) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836283581&cv=11&fst=1741836283581&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fmint-replacement-origin-financial-one-year-since-mint-shutdown&hn=www.googleadservices.com&frm=0&tiba=Still%20Looking%20for%20a%20Replacement%201%20Year%20After%20the%20Mint%20Shutdown%3F%20Origin%20Is%20Your%20Best%20Bet.&npa=0&pscdl=noapi&auid=1930081386.1741836283&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](about:blank) ## Future of Financial Wellness We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/the-future-of-financial-wellness-benefits-trends-to-watch#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/the-future-of-financial-wellness-benefits-trends-to-watch) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/the-future-of-financial-wellness-benefits-trends-to-watch) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/the-future-of-financial-wellness-benefits-trends-to-watch) By Austin Payne / Published 11.11.2024 Financial wellness has been a topic of growing intrigue in recent years. No matter where you choose to look, the quantitative and anecdotal data to support this are ample — even a quick glance at [Google Trends data](https://trends.google.com/trends/explore?date=all&geo=US&q=financial%20wellness&hl=en) will showcase a rapidly growing interest in the subject. Elsewhere, consumers are establishing both personal and professional expectations around financial wellness resources. The total financial wellness benefits market was valued at about [$587 million](https://www.arizton.com/market-reports/us-financial-wellness-benefits-market) as of 2023 but is expected to more than double to $1.2 billion by 2029. On the employer side, it’s anticipated that almost half ( [47%](https://www.napa-net.org/news/2024/7/prediction-nearly-half-employers-offer-financial-wellness-2026/)) of employers will offer some form of financial wellness benefits by 2026. This is because not only do employees **_want_** help with their finances (in fact, [93%](https://www.useorigin.com/employers) seek financial guidance and support from their employer),  but offering financial wellness benefits ends up bringing positive effects to the company itself, too, with noticeable improvements across attrition, sick leave, workplace morale, employee stress levels, and a lot more having been noted by numerous [studies](https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html). ## **The Growing Importance of Financial Wellness in the Workplace** All of this is not without good reason. In the modern world, money is involved in almost every aspect of our lives. It’s essential for basic needs like housing, transportation, and general personal well-being. It’s often required for education and career growth, an integral aspect of personal development and fulfillment, and especially essential for those with children and loved ones to care for. Without exaggerating, financial wellness is involved in everything, and lacking it can wreak havoc on both personal and professional lives, subsequently hurting the employees' workplace as well. **Why is financial wellness so important in the workplace?** Think about it. For most individuals, a large portion (if not all) of their financial lives is often directly tied to their employer. It’s from there that they receive their income, health insurance, retirement account, etc., and yet, they’re often just given these financial benefits without any assistance with using them properly, planning for the future, or the support they seek for difficult financial situations. Not only does providing financial wellness benefits like access to professionals, budgeting tools, financial education, and more benefit the employees, but it also has downstream benefits for the company as a whole. ### **Like what?** - According to [PWC's 2023 Financial Wellness Survey](https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html), 60% of full-time employees are stressed about their finances. This is true even amongst high-earners, with 47% of those making over $100,000 reporting financial strain. - Money stress finds its way into other important areas of employees’ personal lives, with employees reporting negative implications of financial stress across sleep, mental health, self-esteem, and more. - Employees who are stressed about their finances are about five times more likely to report it impacting their performance at work, with 44% reporting it as a distraction. - As mentioned above, employees do **want** help with their personal finances — 74% seek financial guidance when dealing with crises, life events, or general financial decisions. - Stressed-out employees cost companies big time — some estimates put financial stress at an estimated [$250 billion](https://www.webmdhealthservices.com/blog/financial-stress-in-the-workplace-how-to-help-employees-cope/) per year in lost productivity and absenteeism. Source: [PWC](https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html) ## **Ongoing and Developing Trends Within the Financial Wellness Space** As the importance of financial wellness continues to grow, several key trends are emerging that will shape the future of how employees receive financial support. ### **Automation and AI in Financial Planning** Automation and AI tools are revolutionizing financial planning by offering personalized, real-time financial advice. The global AI in fintech market is projected to reach $14.79 billion by 2024 and expand to [$43.04 billion](https://www.mordorintelligence.com/industry-reports/ai-in-fintech-market/market-size) by 2029, indicating a significant trend toward automation in the financial planning space. **Origin** is leading this transformation with its AI-powered tool, [**Sidekick**](https://www.useorigin.com/products/guidance), simplifying users' financial decision-making. Sidekick provides real-time insights, automates budgeting, and delivers tailored guidance, enabling employees to manage their finances more effectively. ### **On-Demand Financial Coaching and Education** Artificial intelligence may help reduce latency and assist with simpler queries in the financial advice space, but it cannot replace the human element. Employees increasingly expect access to financial coaching when they need it most. Platforms offering real-time financial guidance are gaining traction, with [58%](https://www.ey.com/en_us/workforce/how-employers-can-improve-financial-wellness-for-a-stronger-workforce) of employees saying they would use employer-provided financial wellness resources if offered. ### **Financial Wellness as a Core Component of Total Well-being** Financial wellness is now recognized as part of a broader well-being strategy. Companies that provide financial wellness benefits see [77%](https://monetagroup.com/improving-workplace-productivity-through-financial-wellness-education/#:~:text=Employee%20financial%20wellness%20education%20typically,offering%20these%20benefits%20to%20others.) of employees likely to recommend them as a great place to work, underscoring the importance of integrating financial health into total wellness programs. ### **Holistic Financial Wellness: Beyond Budgeting** Financial wellness is expanding beyond simple budgeting tools. Holistic solutions now focus on long-term financial goals, debt management, and overall financial literacy. These programs offer employees strategies for managing debt, improving credit, and saving for future life events such as homeownership or retirement. ### **Joint Money Management for Couples** Joint money management is becoming a key focus of financial wellness programs, recognizing that household finances are often shared. Simple, seamless tools that help couples manage shared goals, budgets, and savings are increasingly in demand. **Origin** offers a seamless solution, providing partners with easy access to their holistic financial wellness platform. Learn more about Origin's couples-focused resources [here](https://www.useorigin.com/couples). ### **Tracking and Monitoring Equity Compensation and Benefits** Equity-based compensation and stock options have become an increasingly popular form of total comp in recent years, but navigating this kind of benefit is often a labyrinth of math and tax calculations, much unique from a standard salary.  As a result, more employees are looking for tools to track and manage their equity. Platforms are now emerging that help employees monitor their stock portfolios, understand vesting schedules, and make informed decisions about when to sell or hold equity. ## **Origin: Your Partner for the Future of Financial Wellness** As financial wellness becomes integral to the benefits landscape, having a trusted partner to navigate these evolving needs is essential. [**Origin**](https://www.useorigin.com/) offers a comprehensive financial wellness platform that empowers employees at every stage of their financial journey. From personalized financial planning and budgeting tools to expert financial coaching and joint money management for couples, Origin makes it easy to integrate financial wellness into your workplace. With seamless access to professional guidance, on-demand resources, and tools tailored to each employee's unique needs, Origin helps companies reduce financial stress, boost productivity, and enhance overall well-being. Learn how Origin can elevate your employee benefits program and support your team's financial future [**here**](https://www.useorigin.com/employers). [Request a demo(opens in new window)](https://www.useorigin.com/employers/demo) Related Articles [Financial Wellness\\ \\ How to Implement a Financial Wellness Program for Your Employees](https://www.useorigin.com/resources/blog/how-to-implement-a-financial-wellness-program-for-your-employees) [Financial Wellness\\ \\ Financial Wellness 101: Everything you need to know](https://www.useorigin.com/resources/blog/financial-wellness-101-everything-you-need-to-know) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836283488&cv=11&fst=1741836283488&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102308675~102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fthe-future-of-financial-wellness-benefits-trends-to-watch&hn=www.googleadservices.com&frm=0&tiba=The%20Future%20of%20Financial%20Wellness%20Benefits%3A%20Trends%20to%20Watch&npa=0&pscdl=noapi&auid=59260152.1741836283&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Prep for Origin Session We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-to-prep-for-an-origin-planner-session#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-to-prep-for-an-origin-planner-session) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-to-prep-for-an-origin-planner-session) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-to-prep-for-an-origin-planner-session) By Austin Payne / Published 11.11.2024 / Updated 11.12.2024 According to the CFP® Board, just [over half](https://www.cfp.net/news/2023/05/only-53-of-americans-have-worked-with-a-financial-planner#:~:text=In%20the%20News-,Only%2053%25%20of%20Americans%20Have%20Worked%20With%20a%20Financial%20Planner,Reasons%20to%20Get%20Professional%20Help&text=A%20CFP%20Board%20Consumer%20Sentiment,can%20help%20your%20financial%20outcomes.) of Americans have worked with a financial planner before. While not everyone needs professional help to navigate their finances, there’s no denying that having expert guidance can make a significant difference in achieving your financial goals. Whether you're trying to save for a big life event, optimize your investment strategy, or create a plan for long-term wealth, an Origin financial advisor can provide the personalized advice and support you need. **But, like any successful partnership, preparation is key.** The more you prepare for your session, the more valuable the conversation will be. With the right approach, your meeting with an Origin advisor can help you gain clarity, confidence, and a clear plan for moving forward. Here’s how you can make the most of your upcoming session and ensure you leave with actionable steps toward your financial future. ## **1\. Link Your Financial Accounts to Your Origin Account** To get the most out of your session, providing a full, holistic picture of your financial life is essential. One of the most effective and efficient ways to accomplish this is by **linking your financial accounts** to your Origin account. Linking your accounts is secure and seamless, and doing this provides your financial planner with the insights and data they need to make informed assessments and recommendations about your finances. **Adding your accounts gives your planner access to:** - **Financial accounts and transactions**: By linking your bank accounts, credit cards, retirement plans, investment portfolios, and loans, your planner can assess your **spending habits**, **savings rate**, and **debt levels**. With a complete view of your financial landscape, your planner can suggest more efficient spending strategies, recommend ways to pay down debt or help you optimize your savings and investments. - **Retirement and investment planning**: Your planner can use details from your **retirement accounts** (e.g., 401(k), IRA, pension) to recommend an investment strategy that aligns with your long-term goals and risk tolerance. By understanding your current retirement savings, your planner can guide you on whether you’re on track to retire comfortably and advise you on how to increase contributions or diversify investments to maximize returns. - **On top of linking these traditional accounts,** it’s also important to add any other assets and liabilities you have—things like a mortgage, auto loan, or student debt. Additionally, make sure to manually include assets (or liabilities) that don’t have an account to link, such as a paid-off car or other valuable personal property. This gives your Origin advisor a more accurate picture of both your assets and liabilities, which is essential for developing a balanced financial plan. [**Link your accounts here**](https://app.useorigin.com/profile/accounts) ## **2\. Upload Your Financial Documents** To add even more pixels to your financial picture, make sure to upload any relevant documents as well. These help further contextualize your financial situation and, again, assist your planner in making the best possible recommendations for you. **These documents can include:** - **Tax returns** - **Estate plans** - **Equity agreements** At Origin, we’ve made the document upload process simple and secure. Once you’ve uploaded your documents, your planner will have a complete financial picture and can give tailored recommendations that help you make informed decisions. ## **3\. Picture Your Financial Future** Visualizing your financial future is key to setting meaningful goals. Think about where you want to be in the next 5, 10, or 20 years. Whether it’s buying a home, funding your children’s education, or retiring early, having a clear picture of your financial aspirations helps your planner craft a strategy to get you there. ## **4\. Consider Any Life Changes** Life changes—big or small—can significantly impact your financial situation. Share any recent or upcoming life events that might alter your financial picture. **These could include things like:** - **Job or career changes** - **Large inheritances or windfalls** - **Marriage, divorce, or birth of a child** - **Major purchases (e.g., buying a home, starting a business)** Changes like this will inevitably shift your financial plan. For example, if you're getting married or having a baby, you may want to revisit your budget, update your insurance, or start saving for college. ## **5\. Prepare Questions** Your financial planning session is your time to get expert advice, so don’t be afraid to ask questions, and prepare in advance by taking some time to think and write these things down. Say you have budgeting down to a science but have some gray areas when it comes to investing and asset allocation. Use your financial planner's expertise to help fill in the gaps. Focus on areas where you need the most help, not just your strengths. **Some other good examples include:** - How can I reduce my tax liability next year? - What are the best investment strategies for my goals? - What are some practical steps I can take to pay off debt faster? - How can I plan for big life events (buying a house, starting a family, etc.)? ## **6\. Be Open to Feedback and Recommendations** The purpose of your session is to receive professional guidance, not to confirm everything you already know. Ideally, you should come out of the meeting with a different perspective or two, and armed with some newfound knowledge about something as well. ## **Your Origin Account Provides Ongoing Support Between Sessions** Your journey toward financial security doesn’t end after your meeting with an Origin advisor. In fact, your **Origin account** continues to provide ongoing support, empowering you to manage and navigate your personal financial decisions even between sessions with your planner. Our holistic money management platform integrates all aspects of your financial life—from budgeting and saving to investing and tax planning—giving you the tools you need to stay on track. Whether you're reviewing your spending, adjusting your savings goals, or exploring investment options, Origin makes it easy to stay informed and make confident financial decisions on your own. And whenever you need personalized guidance, your Origin advisor is just a session away. Together, you’ll stay aligned with your financial goals, making progress every step of the way. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836284382&cv=11&fst=1741836284382&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-to-prep-for-an-origin-planner-session&hn=www.googleadservices.com&frm=0&tiba=How%20to%20Prep%20for%20an%20Origin%20Planner%20Session&npa=0&pscdl=noapi&auid=41637084.1741836284&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Probate vs Non-Probate Assets We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/considerations-for-non-probate-assets#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/considerations-for-non-probate-assets) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/considerations-for-non-probate-assets) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/considerations-for-non-probate-assets) By Austin Payne / Published 11.6.2024 Creating an estate plan is one of the best ways to ensure your family is cared for after you’re gone. One of the first things you may want to sort out is how you’d like to distribute your assets after you pass away. You may think that a will is all you need to organize the distribution of your estate, but that’s not the case. After you pass away, your wealth will be separated into two different categories: probate and non-probate assets. To ensure your legacy passes to the right people, it’s crucial to understand the differences between probate and non-probate assets. ## **What is probate?** After you pass away, some of your assets will have to go through probate before being distributed to your heirs. Probate is a legal process that involves getting court approval to distribute a deceased person's estate. A local judge will review and organize the assets left behind and settle any taxes or debts you may have before any money reaches your heirs. One of the main drawbacks of probate is that it can be time-consuming — depending on the size and complexity of your estate, your assets can be tied up in probate for months. Your last will and testament governs probate assets. For example, if you want to leave your house to your children, you can state this in your will. After you pass away, there will be a probate proceeding at the courthouse, where a judge will order the transfer of the house from you to your children. If you don’t have a will when you die, your estate will pass to your heirs according to your state’s intestacy laws, which are the laws that govern estates of those that pass without a valid will. When you create a will, you name someone to administer your estate according to your wishes, known as your executor or personal representative. Even if you have a will, it only allows you to control your probate assets — non-probate assets are a different story. ## **What are non-probate assets?** Non-probate assets pass directly to your heirs outside of any court-supervised probate proceeding — regardless of what’s in your last will and testament. Non-probate assets pass outside the traditional probate process, getting money to your heirs faster. Non-probate assets pass directly to your beneficiaries without the need to involve the court system — so what assets can avoid probate? **Non-probate assets include:** - IRAs - 401(k)s - Annuities - Life insurance - Joint accounts - Accounts with a named beneficiary - Assets with a payable on death (“POD”) or transfer on death (“TOD”) designation - Assets owned at the time of death by the owner’s revocable living trust. If you focus all of your estate planning efforts on creating a will (which only controls probate assets) while failing to address your non-probate assets, it could result in a more complicated estate settlement for your heirs. An effective estate plan will help you organize your probate and non-probate assets. ## **Executor responsibilities** **The executor of your will has several responsibilities regarding the management and distribution of your estate, including:** - Managing the probate process - Gathering information on your assets - Filing your tax return - Settling your debt - Paying your tax bills - Distributing assets to your beneficiaries **Many states have restrictions on who can serve as executor of a will. The basic requirements are that an executor must be:** - 18 years of age or older - Of sound mind You want to choose an executor who is responsible, trustworthy, and fair. Many people name a spouse, parent, sibling, or child as their executor. However, your executor doesn’t have to be a relative — you could ask an attorney or other trusted professional to act as your executor. ## **How to name beneficiaries** It’s essential to name beneficiaries on your accounts to help avoid probate. You’ll want to name both primary and contingent beneficiaries in case the primary beneficiary predeceases you or is otherwise unable to accept the inheritance. Your contingent beneficiary will receive the asset if your primary beneficiary cannot. You can name family members, friends, and charitable organizations as beneficiaries. Keep in mind that if you want to leave assets to minor children (under age 18 in most states), they can’t legally inherit, so it’s best not to name them as your beneficiaries. Instead, designate a custodian or establish a trust and name someone to manage the assets until your child is old enough. Every institution has its own process for naming beneficiaries. Some require you to fill out a beneficiary form; others simply ask for the person's name and date of birth. Call the institution’s customer service number and tell them you want to name a beneficiary on your account. Some may have a form you need to print and mail back, while others allow you to complete the process from your online portal. Aside from naming beneficiaries, it’s equally important to keep them updated. If you don’t routinely check and update your beneficiaries, your assets may end up in the hands of someone unexpected — an ex-spouse, for example. ## **What are probate assets?** Though some assets can avoid the probate process, others cannot. Probate assets are typically held solely in your name and don’t have a beneficiary designation. This includes assets such as: - Real estate - Vehicles - Household items - Business interests - Stocks and bonds - Personal possessions (jewelry, clothing, etc.) ## **Final thoughts** Not understanding the key differences between probate and non-probate assets can lead to unexpected and undesired results when it comes time to distribute your wealth. It’s critical to plan for the distribution of your probate and non-probate assets to ensure a smooth estate settlement for your loved ones. [Take our assessment](https://app.useorigin.com/estate-planning/assessment) Related Articles [Estate Planning\\ \\ Choosing the Right Executor for Your Estate](https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate-plan) [Estate Planning\\ \\ Charitable Giving in Estate Planning](https://www.useorigin.com/resources/blog/charitable-giving-in-estate-planning) [Estate Planning\\ \\ Can A Successor Trustee Change Or Restate A Trust?](https://www.useorigin.com/resources/blog/can-a-successor-trustee-change-or-restate-a-trust) [Estate Planning\\ \\ As a Beneficiary Of A Trust — What Should I Look Out For?](https://www.useorigin.com/resources/blog/as-a-beneficiary-of-a-trust-what-should-i-look-out-for) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836283531&cv=11&fst=1741836283531&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fconsiderations-for-non-probate-assets&hn=www.googleadservices.com&frm=0&tiba=Considerations%20For%20Non-Probate%20Assets&npa=0&pscdl=noapi&auid=1138758549.1741836283&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Financial Wellness Benefits We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/the-roi-of-offering-financial-wellness-benefits-to-employees#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/the-roi-of-offering-financial-wellness-benefits-to-employees) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/the-roi-of-offering-financial-wellness-benefits-to-employees) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/the-roi-of-offering-financial-wellness-benefits-to-employees) By Austin Payne / Published 11.1.2024 Financial wellness has emerged as a crucial component of employee benefits, particularly as workers face increasing financial pressures. A significant portion of employees — [about 57%](https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html) — report finances being the top source of stress in their lives, a concern that permeates their personal and professional lives. This financial anxiety can lead to decreased productivity, higher absenteeism, and increased healthcare costs. In fact, studies have shown that financial stress can cost employers up to [$250 billion](https://www.webmdhealthservices.com/blog/financial-stress-in-the-workplace-how-to-help-employees-cope/) annually in lost productivity. **Investing in financial wellness programs addresses these issues head-on.** These programs offer employees the resources they need to manage their finances effectively, providing access to financial education, budgeting tools, and personalized advice. As companies recognize the direct link between employee financial health and overall business performance, the demand for such programs has surged. ## **The Business Benefits of Financial Wellness for Employers** **Increased productivity**: Employees who feel financially secure are more focused and productive at work. According to [a study](https://www.hrdive.com/spons/the-state-of-employee-financial-stress-and-its-impact-on-performance/727183/#:~:text=State%20%26%20Local%20Laws-,The%20state%20of%20employee%20financial%20stress%20and%20its%20impact%20on,financial%20stress%20worsens%20employee%20performance.&text=Financial%20stress%20has%20made%20its,many%20of%20us%20may%20realize.) by HR Dive, 63% of HR professionals indicated that financial stress impacts employee performance. Companies can foster a more engaged and productive workforce by alleviating financial worries. **Reduced turnover rates**: High turnover can be costly for businesses, with the Society for Human Resource Management [estimating](https://www.enrich.org/blog/The-true-cost-of-employee-turnover-financial-wellness-enrich/) the cost of replacing an employee to be around six to nine months of their salary. Implementing financial wellness programs can enhance job satisfaction and employee loyalty, subsequently reducing turnover, the associated costs, and lack of continuity. **Improved employee health**: Financial stress is linked to various health issues, including anxiety and depression. By supporting employees' financial health, companies can contribute to their overall well-being, leading to reduced healthcare costs, fewer sick days, and an overall reduction in absenteeism. **Enhanced recruitment opportunities**: In a competitive job market, companies that offer comprehensive benefits packages—including financial wellness programs—are more attractive to potential candidates. According to a survey by MetLife, about [60%](https://www.metlife-gulf.com/content/dam/metlifecom/metlifegulf/metlife-ebts-2024.pdf) of employees consider financial wellness benefits when evaluating job offers. **Enhanced Engagement**: With 74% of employees seeking financial guidance during crises or significant life events, offering financial wellness resources demonstrates that the company values its employees’ needs. This support fosters a more engaged workforce and strengthens employee loyalty. **Stronger company culture**: Offering financial wellness programs sends a powerful message that a company values its employees' well-being. This fosters a positive work environment and strengthens company culture, leading to higher morale and teamwork. ## **Best Practices for a Successful Financial Wellness Initiative** It’s one thing to begin implementing a financial wellness benefits package, but it’s another thing entirely to do it well and ensure its effectiveness. In order to shore up the quality of your offering and make sure it has meaningful benefits, consider these best practices: **Conduct employee surveys**: Begin by understanding your employees' unique financial concerns and preferences through surveys or focus groups. This data will inform the design of a program that meets their specific needs and priorities. **Offer diverse resources**: Incorporate a range of resources, such as financial coaching, online tools, educational workshops, and access to financial advisors. A diverse offering can cater to various employee preferences and learning styles. **Integrate seamlessly with existing benefits**: Ensure that your financial wellness program complements existing employee benefits, such as retirement plans and health benefits, to provide a holistic approach to employee well-being. **Promote regularly**: Communicate the availability of financial wellness resources consistently through multiple channels — like newsletters, intranet sites, and meetings — to keep employees informed and engaged. **Measure and adjust**: Implement metrics to assess the program's effectiveness regularly. Gathering feedback will allow you to make necessary adjustments, ensuring that the program remains relevant and beneficial. ## **Origin Is Your All-in-One Solution** **Origin is tailored to meet the diverse needs of your workforce,** offering a wide range of financial wellness benefits that integrate seamlessly into your existing programs. With Origin, your employees will gain access to a comprehensive money management platform with resources that enhance financial literacy, provide real-time guidance, and promote overall well-being. Investing in your employees' financial futures improves their quality of life while boosting productivity and loyalty within your organization. Explore how Origin can be your all-in-one solution for a healthier, happier workforce. Learn more about our offerings for employers at [**Origin for Employers**](https://www.useorigin.com/employers), and discover our comprehensive platform at [**Use Origin**](https://www.useorigin.com/). [Book a Demo](https://www.useorigin.com/employers/demo) Related Articles [Financial Wellness\\ \\ Financial Education for Employees — Why It's So Important](https://www.useorigin.com/resources/blog/financial-education-for-employees-why-its-so-important) [Financial Wellness\\ \\ Why Providing Financial Wellness Benefits for Employees Is So Important](https://www.useorigin.com/resources/blog/why-providing-financial-wellness-benefits-for-employees-is-so-important) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836283622&cv=11&fst=1741836283622&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fthe-roi-of-offering-financial-wellness-benefits-to-employees&hn=www.googleadservices.com&frm=0&tiba=The%20ROI%20of%20Offering%20Financial%20Wellness%20Benefits%20to%20Employees&npa=0&pscdl=noapi&auid=121947895.1741836284&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](about:blank) ## Choosing Your Estate Executor We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate-plan#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate-plan) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate-plan) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate-plan) By Austin Payne / Published 10.30.2024 When it comes to estate planning, one crucial decision is choosing the right executor to carry out your final wishes. The executor plays a vital role in administering your estate, managing assets, settling debts, and distributing inheritances to beneficiaries. Selecting an executor requires careful consideration, as this individual will hold significant responsibility during an emotionally challenging time. In this blog post, we will discuss key considerations for choosing the right executor for your estate, ensuring a smooth and efficient administration process. ## **Understanding the Role of an Executor** Before diving into the selection process, it's important to understand the responsibilities of an executor. The executor is responsible for: - **A. Probate Process:** Initiating the probate process, if necessary, by filing the Will and other required documents with the appropriate court so that assets in your name can be transferred to the beneficiaries. - **B. Asset Management:** Locating and managing assets, including property, investments, insurance policies, and bank accounts, during the estate administration process. - **C. Debt Settlement:** Identifying and paying off any outstanding debts or taxes the estate owes. - **D. Distribution of Assets:** Ensuring the fair and timely distribution of assets to the designated beneficiaries according to the terms of the Will or applicable laws. Some distributions will be in trust, with trustees responsible for the final distribution process. This will require the executor to use the Will to create certificates of trusts for the beneficiaries. - **E. Hiring the Right Professionals:** There will be some tasks that are best suited for a professional, such as a probate attorney, tax specialist, appraisers, etc. The executor will need to use common sense and proceeds from the estate to hire professionals to assist when needed. ## **Trustworthiness and Integrity** One of the primary qualities to consider when choosing an executor is trustworthiness. The executor should have unquestionable integrity and honesty, as they will have access to sensitive financial information and will be responsible for carrying out your final wishes. Look for individuals with a track record of ethical behavior and financial responsibility. ## **Organizational and Administrative Skills** Managing an estate requires excellent organizational and administrative skills. The executor should be detail-oriented, and capable of handling paperwork, deadlines, and complex financial matters. Consider candidates with experience in financial management, bookkeeping, or legal matters. Their ability to stay organized and keep accurate records will be crucial throughout the estate administration process. ## **Availability and Commitment** Estate administration can be a time-consuming process, often spanning several months or even years. Selecting an executor with the availability and commitment to fulfill their duties is essential. Ensure that the individual is willing to dedicate the necessary time and effort to handle the role's responsibilities effectively. If the potential executor has a demanding job or other significant commitments, discuss their availability and assess their ability to manage the estate efficiently. ## **Communication and Mediation Skills** An executor often liaises between beneficiaries, family members, and professionals involved in the estate settlement. Strong communication and mediation skills are vital to maintaining open lines of communication, addressing conflicts, and facilitating smooth interactions among stakeholders. Look for an executor who is diplomatic, approachable, and capable of handling potential disputes or disagreements that may arise during the estate administration process. ## **Professional Assistance and Backup Executors** In some cases, it may be beneficial to seek professional assistance. Financial advisors can provide valuable guidance and support to the executor. Additionally, consider appointing backup executors in case the primary executor is unable or unwilling to fulfill their duties. This helps ensure a smooth transition of responsibilities if the need arises. ## **Conclusion** Choosing the right executor for your estate is a critical decision that requires careful thought and consideration. By selecting an executor who possesses trustworthiness, organizational skills, availability, communication abilities, and possibly seeking professional assistance, you can ensure the efficient administration of your estate and the fulfillment of your final wishes. Take the time to evaluate potential candidates thoroughly, and consult with an estate planning professional to make an informed decision. With the right executor by your side, you can have peace of mind that your estate will be managed responsibly and in accordance with your wishes. [Take our assessment](https://app.useorigin.com/estate-planning/assessment) Related Articles [Estate Planning\\ \\ Charitable Giving in Estate Planning](https://www.useorigin.com/resources/blog/charitable-giving-in-estate-planning) [Estate Planning\\ \\ Can A Successor Trustee Change Or Restate A Trust?](https://www.useorigin.com/resources/blog/can-a-successor-trustee-change-or-restate-a-trust) [Estate Planning\\ \\ As a Beneficiary Of A Trust — What Should I Look Out For?](https://www.useorigin.com/resources/blog/as-a-beneficiary-of-a-trust-what-should-i-look-out-for) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836284104&cv=11&fst=1741836284104&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c1v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fchoosing-the-right-executor-for-your-estate-plan&hn=www.googleadservices.com&frm=0&tiba=Choosing%20the%20Right%20Executor%20for%20Your%20Estate&npa=0&pscdl=noapi&auid=1718861798.1741836284&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Charitable Giving Insights We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/charitable-giving-in-estate-planning#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/charitable-giving-in-estate-planning) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/charitable-giving-in-estate-planning) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/charitable-giving-in-estate-planning) By Austin Payne / Published 10.23.2024 When it comes to estate planning, many individuals focus on distributing their assets to loved ones. However, a powerful way to make a lasting impact is through charitable giving. By incorporating charitable giving into your estate planning, you can leave a legacy for a cause close to your heart while potentially enjoying tax benefits. In this blog post, we will explore the importance of charitable giving in estate planning and provide valuable insights on incorporating it into your overall plan. ## **Understanding the Benefits of Charitable Giving in Estate Planning** Charitable giving in estate planning offers several advantages beyond the satisfaction of supporting a cause you believe in. Here are some key benefits to consider: - **A. Leaving a Legacy:** By designating a portion of your assets to charitable organizations, you can leave a lasting legacy that reflects your values and passions, making a positive impact on future generations. - **B. Tax Advantages:** Charitable giving can provide significant tax benefits. Depending on your jurisdiction, you may be eligible for income tax deductions, estate tax deductions, or reduced capital gains tax when donating to qualified charities. - **C. Family Values and Philanthropy:** Charitable giving allows you to instill and pass on the importance of philanthropy and giving back to your loved ones, fostering a sense of social responsibility within your family. ## **Identifying Your Philanthropic Goals and Causes** Before incorporating charitable giving into your estate plan, take the time to identify the causes and organizations that resonate with you. Ask yourself: - A. What issues or causes are important to you? - B. Are there specific charities or organizations that you have a personal connection to? - C. Do you want your charitable giving to support local, national, or international causes? By understanding your philanthropic goals, you can choose organizations that align with your values and ensure that your donations create a meaningful impact. ## **Methods of Charitable Giving in Estate Planning** **There are various methods to incorporate charitable giving into your estate plan. Here are a few common options to consider:** - **A) Specific Bequests:** Identifying an asset or an amount of money to donate upon your death before the remainder of your estate’s assets. - **B) Bequest a Part of Your Estate:** Detail a percentage of your remaining estate’s assets to be distributed upon your death. In both cases, you can decide if you will make this contribution to the charity only if both you and your spouse have passed away or even if your spouse is still alive. Also, donors can be clear on how their donation will be used, either for a specific purpose or the general fund. ## **Conclusion** Incorporating charitable giving into your estate planning allows you to leave a lasting legacy for a cause of personal significance. By identifying your philanthropic goals, exploring various giving methods, and seeking professional guidance, you can create an estate plan that not only benefits your loved ones but also supports the causes you care deeply about. Embrace the power of charitable giving and make a positive impact that extends beyond your lifetime. [Get Started](https://app.useorigin.com/sign-up) Related Articles [Estate Planning\\ \\ Can A Successor Trustee Change Or Restate A Trust?](https://www.useorigin.com/resources/blog/can-a-successor-trustee-change-or-restate-a-trust) [Estate Planning\\ \\ As a Beneficiary Of A Trust — What Should I Look Out For?](https://www.useorigin.com/resources/blog/as-a-beneficiary-of-a-trust-what-should-i-look-out-for) [Estate Planning\\ \\ How To Revoke Or Terminate Your Living Trust](https://www.useorigin.com/resources/blog/how-to-revoke-or-terminate-your-living-trust) [Estate Planning\\ \\ The Difference Between Life Insurance And An Estate Plan](https://www.useorigin.com/resources/blog/the-difference-between-life-insurance-and-an-estate-plan) [Estate Planning\\ \\ The Difference Between A Will And A Trust](https://www.useorigin.com/resources/blog/what-is-the-difference-between-a-will-and-a-trust) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836291888&cv=11&fst=1741836291888&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fcharitable-giving-in-estate-planning&hn=www.googleadservices.com&frm=0&tiba=Charitable%20Giving%20in%20Estate%20Planning&npa=0&pscdl=noapi&auid=1182119390.1741836291&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Trustee Change Authority We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/can-a-successor-trustee-change-or-restate-a-trust#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/can-a-successor-trustee-change-or-restate-a-trust) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/can-a-successor-trustee-change-or-restate-a-trust) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/can-a-successor-trustee-change-or-restate-a-trust) By Austin Payne / Published 10.16.2024 You went through the trouble of creating a trust, and now you’re wondering if the successor trustee can change your trust by altering the terms, distribution schedule, or removing beneficiaries. So, can a successor trustee change a trust and undo all of your hard work? Read on to find out. ## **What is a Trust?** A trust is a legal instrument that shields your assets from probate and allows you more control over how your estate is managed after you pass away. Trusts generally involve the grantor or creator of the trust, the trustee, and the beneficiaries. Like a last will and testament, a trust allows someone to formally declare their last wishes regarding their legacy. Trust assets can avoid probate, unlike assets controlled by the last will and testament. Additionally, while a will only comes into effect after you die, trusts can be used both during and after your life. Typically, the person who creates the trust is the initial trustee. In the trust documents, they designate one or more individuals to take over the management of the trust after they die — known as successor trustees. ## **Why Designate a Successor Trustee?** Many people create a revocable living trust during their lifetime. Since they won’t be around to carry out their final wishes themselves, they designate one or more successor trustees to oversee the distribution to the trust beneficiaries. Naming successor trustees is important to ensure your assets get into the right hands. If you don’t appoint a successor trustee before you die, you leave the fate of your legacy to the courts. ## **What Can and Can’t a Successor Trustee Do?** The successor trustee has a significant amount of control over the trust, but they are typically prohibited from making any changes to the trust’s terms. **The duties of a successor trustee will vary by trust, but generally, a successor trustee can:** - Gather trust assets - Sell trust assets unless the trust agreement prohibits this action - Pay trust expenses - Hire attorneys and accountants when needed and reasonable - Distribute trust assets to beneficiaries ### **However, a successor trustee cannot:** - Alter the trust distribution schedule that the grantor created - Add or replace trust beneficiaries - Distribute trust assets to themselves unless they are making distributions to themselves pursuant to the distribution provisions or trustee compensation provisions included in the trust instrument ## **Can a Successor Trustee Change a Trust?** Generally, a successor trustee is unable to change or restate a trust with different terms. This is because most revocable trusts become irrevocable when the trust grantor dies, which means the trust cannot be altered in any way. This means they can’t add or remove beneficiaries listed by the original trustee or reduce a beneficiary’s share unless the trust document grants them the power to do so. Additionally, they can’t pretend to have that power in an effort to influence beneficiaries to take certain actions (i.e., signing trustee liability release forms). Though a successor trustee can’t change an irrevocable trust, they may be able to have certain aspects of the trust amended if they can prove to a court that the grantor was coerced into making the decision or made it under duress. ## **Can a Successor Trustee Change Distributions to Beneficiaries?** A successor trustee cannot alter the inheritance to your beneficiaries unless you grant them specific authority in the trust agreement. This is to protect your beneficiaries from arbitrary distribution changes, such as increasing or decreasing one beneficiary’s share. Though a successor trustee can’t change the amount of the distributions, they do have control over when and how they pay beneficiaries. ## **The Bottom Line** So, can a trustee change a trust? Likely not in any meaningful way. This is mainly due to the fact that most trusts become irrevocable when the trust grantor dies, making it illegal for any changes to be made to the trust. [Get Started](https://app.useorigin.com/sign-up) Related Articles [Estate Planning\\ \\ As a Beneficiary Of A Trust — What Should I Look Out For?](https://www.useorigin.com/resources/blog/as-a-beneficiary-of-a-trust-what-should-i-look-out-for) [Estate Planning\\ \\ How To Revoke Or Terminate Your Living Trust](https://www.useorigin.com/resources/blog/how-to-revoke-or-terminate-your-living-trust) [Estate Planning\\ \\ The Difference Between Life Insurance And An Estate Plan](https://www.useorigin.com/resources/blog/the-difference-between-life-insurance-and-an-estate-plan) [Estate Planning\\ \\ The Difference Between A Will And A Trust](https://www.useorigin.com/resources/blog/what-is-the-difference-between-a-will-and-a-trust) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836291269&cv=11&fst=1741836291269&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813109~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fcan-a-successor-trustee-change-or-restate-a-trust&hn=www.googleadservices.com&frm=0&tiba=Can%20A%20Successor%20Trustee%20Change%20Or%20Restate%20A%20Trust%3F&npa=0&pscdl=noapi&auid=1591627531.1741836291&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## High-Yield Cash Account We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/origin-high-yield-cash-account-rate#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/origin-high-yield-cash-account-rate) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/origin-high-yield-cash-account-rate) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/origin-high-yield-cash-account-rate) Published 10.10.2024 Here at Origin, we’ve [rolled out a lot of new features](https://www.useorigin.com/resources/blog/new-in-origin-investing-savings-and-ai-tools-make-wealth-building-easy-and) recently, and one that we’re especially excited about is our new high-yield cash account, which maximizes your idle cash. These accounts come with an extra special promotion: New account holders will get an additional 0.5% APY for their first three months, on top of our already extremely competitive interest rate (which is subject to change monthly). As of October 4, that comes out to 5.64%\*\* — our standard APY of 5.14%\* plus 0.5%, a market-beating rate! After three months, your cash will continue to grow with our standard APY. Why are we boosting an already competitive rate? Because we want to give your money-maximizing journey powerful momentum right from the start. Creating a cash account at this rate is a wealth-building no-brainer — and it’s an easy step to take that our CFPs® highly recommend. Our cash accounts are designed to be a place where you store the money you might need access to in the near future; there are no withdrawal fees or account minimums, so it’s easy to have your money in hand when you need it. You can use these accounts however you please, and our financial professionals note that they’re especially good for your emergency fund, or for growing money that you’ll use for your financial goals in the near future. “Investing is great for longer term stuff,” Origin Product Specialist Matt Shapiro, CFP®, says. But, for example, “if you're saving for a down payment and you want to buy a house in a year and a half, the cash account makes a lot more sense.” It’s easy to open an account. Just head over to theInvest tab and click “Get Started” on the Cash Account tile. We’ll ask you a few questions about yourself, verify your identity, and ask you how you want to fund your account — and it’s even easier if you already have an Origin invest account. Once your deposit is funded (it normally takes between 1-3 business days), you’ll be on your way to growing your savings with our high-yield APY. (And of course, we’re checking all the boxes; these accounts are FDIC insured through our program banks for deposits up to $250,000.\*\*\*) With these new cash accounts, we’re making putting your money to work a no-brainer. [Not an Origin member yet? Sign up today to start your free trial.](https://app.useorigin.com/invest/overview) Disclaimer: Disclaimers: \*This Promotion is available to eligible new and existing users who open a new Cash Management Account. Receive an increased APY of 5.80% for 90 days on balances up to $50,000. Standard APY applies to higher balances. Account must be funded within 30 days of opening to qualify. Promotion subject to change and may be terminated without notice. Interest forfeited if account closed before the end of the promotional period. Tax liabilities apply. Full terms and conditions apply. \*\*The Cash Management Account (APY) is 5.52% as of August 19, 2024. APY is variable and subject to change at any time. No minimum opening deposit or minimum balance is required. \*\*\*Origin is not an FDIC-insured depository institution. FDIC insurance is provided through Program Banks and protected by the FDIC’s insurance coverage up to the maximum deposit insurance limits. Blend Financial Inc. DBA Origin Financial and its affiliated entities (collectively, “Origin”) are not banks, and Origin is not an FDIC-insured depository institution. The Cash Management Account (the “Account”) is not a checking or savings account. The Account is offered within the Origin application, through a sweep arrangement with DriveWealth LLC, utilizing DriveWealth’s program banks (each, a “Program Bank”, and together, the “Program Banks”). Balances associated with the Account are held by the Program Banks and protected by the FDIC’s insurance coverage up to the maximum deposit insurance limits through the applicable Program Bank. The Account is not offered by Origin Investment Advisory LLC and is not an investment advisory service. Advisory services are offered through Origin Investment Advisory LLC ("Origin RIA"), a Registered Investment Adviser registered with the Securities and Exchange Commission and a wholly-owned subsidiary of Blend Financial Inc. DBA Origin Financial. Origin RIA's registration as a Registered Investment Adviser does not imply a certain level of skill or training. The information contained herein should in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services. All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836291304&cv=11&fst=1741836291304&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c1v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Forigin-high-yield-cash-account-rate&hn=www.googleadservices.com&frm=0&tiba=Origin%E2%80%99s%20New%20High-Yield%20Account%20Has%20a%20Market-Beating%20Interest%20Rate&npa=0&pscdl=noapi&auid=450340419.1741836291&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Financial Education Importance We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/financial-education-for-employees-why-its-so-important#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/financial-education-for-employees-why-its-so-important) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/financial-education-for-employees-why-its-so-important) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/financial-education-for-employees-why-its-so-important) By Austin Payne / Published 10.9.2024 Financial education is arguably one of the most important kinds of learning, but are we actually teaching it? Not adequately. Every year, the National Financial Educators Council (NFEC) conducts a 30-question assessment that covers 10 key areas of money. Since its inception back in 2014, and as of this January, about 93,000 Americans have participated in it, generating an average score of [67.34%](https://www.financialeducatorscouncil.org/national-financial-literacy-test/?utm_source=erelease&utm_medium=press_release&utm_campaign=test_results_march_2024) — not a passing grade. However, there are a lot of different ways to measure financial literacy. [Various](https://www.weforum.org/agenda/2024/04/financial-literacy-money-education/) studies, tests, and surveys arrive at slightly different results, but the overarching outcomes are often similar, usually arriving at the conclusion that, no, we’re not as financially literate as we should be. Financial literacy is cultivated through good financial education, but many people just don’t have a reliable source of financial wisdom to lean on. ## **The Importance of Providing Financial Education for Employees** So, our financial literacy isn’t where it should be. Should employers step in and provide financial education for their employees? It might sound like an unusual pairing at first, but it makes a lot of sense. Consider the fact that, for employees, the majority of their financial life is often tied to the employer — income, insurance, retirement investing, and subsequently, basics like budgeting and saving. It’s been found time and time again that financially stressed employees have an overall worse relationship with work. Employees [who are worried about money](https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html) are: - 18% less likely to feel energized at work. - Twice as likely to be looking for another job. - 14% less likely to feel like they belong at their company. - 13% less likely to feel that their values align with their employer. - 15% less likely to feel they have a promising future at the company. - 13% less likely to recommend their employer as a great place to work. - And 10% less likely to report being proud to work for their company. ## **How Financial Education for Employees Can Combat This** Financial education is a source of empowerment. Much of the anxiety and stress around money comes from feeling a lack of control over our finances, often because things can get complicated and overwhelming very quickly. The more you learn about and truly understand all aspects of your financial situation, the more empowered you are to take control of it and change it for the better. And employees want financial education. The vast majority ( [91%](https://www.hrotoday.com/employee-wellness/financial-healths-impact-on-the-workplace/)) of employees say that they and their co-workers would stand to benefit from employer-led financial education, support, and advice in general. PWC also [reports](https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html) that 74% of employees “want help” with their finances, especially amidst economic uncertainty. ## **The Material Benefits of Providing Financial Education for Employees** Providing financial education for employees is just one aspect of a holistic approach to financial wellness, but arguably one of the most important components. The benefits of this are tangible, too, with improvements across the board on both the employee and employer side. ### **Providing financial wellness benefits to employees (like education) has been shown to:** - **Improved productivity and focus:** Financial stress significantly dings employees' performance and morale at work, with many spending up to [9.2 hours](https://workplaceintelligence.com/financial-wellness-study/) per week dealing with personal financial issues on the clock. Financial wellness programs, such as those offering education on budgeting and debt management, reduce stress, enabling employees to focus on their tasks and improve efficiency. - **Reduced absenteeism:** Financial stress is also linked to deteriorating mental and physical health, contributing to higher absenteeism rates. By addressing financial concerns, wellness programs help reduce stress-related health issues, leading to fewer sick days. Employers offering such programs see improvements in absenteeism, as financially stable employees are generally healthier. For instance, [27%](https://workplaceintelligence.com/financial-wellness-study/) of workers reported financial stress negatively affecting their physical health. - **Improved engagement and morale:** Employees who feel financially secure tend to be more engaged and satisfied in their jobs. Financial education gives them the tools to manage their finances better, increasing job satisfaction and overall morale. Another study found that [84%](https://workplaceintelligence.com/financial-wellness-study/) of employees report better job satisfaction when supported by financial wellness programs. - **Higher retention and lower turnover:** Financial wellness benefits are crucial for retaining talent. Employees are more likely to stay with an employer who offers such programs, reducing costly turnover. In fact, [68%](https://omnihr.co/blog/employee-financial-wellness/) of employees said they would remain with their company longer if provided with financial wellness benefits. This enhances employee loyalty, improves the employer’s brand, and helps attract new talent. - **Tangible personal financial benefits:** Employees participating in financial wellness programs often report better financial outcomes, such as increased savings and reduced debt. Per our own data, [57%](https://www.useorigin.com/resources/blog/origins-state-of-personal-finance-apps-2024) of those who work with a financial advisor say their net worth has increased by 50% or more, and Northwestern Mutual [found](https://news.northwesternmutual.com/2024-07-09-Americans-with-a-financial-advisor-expect-to-retire-two-years-earlier-according-to-Northwestern-Mutuals-Planning-Progress-Study#:~:text=Americans%20with%20a%20financial%20advisor,Progress%20Study%20%2D%20Jul%209%2C%202024) that Americans with financial advisors expect to retire two years earlier than those without. ## **How Origin Provides** [Origin](https://www.useorigin.com/employers) provides employees with the financial education they need and then some. Not only do employees receive access to hundreds of lessons and articles about all things money, but they’ll also be kept in the loop on important updates and money news that can impact their finances with our twice-weekly newsletter, The Gist. On top of that, they’ll be getting an all-in-one, holistic money management platform that allows them to: - File their taxes at no additional cost. - Save their extra cash at a competitive yield. - Budget, track spending, and see upcoming transactions. - Partner with a financial planner or harness AI for tailored insights to drive your financial goals. - Protect their family with a basic will at no additional cost, or even create a more complex estate plan or trust. - Invest, whether it’s on their own or with a managed account with no asset under management (AUM) fees. - Get personalized financial info and insights anytime, anywhere, from our AI-powered financial assistant, Sidekick. [Request a demo(opens in new window)](https://www.useorigin.com/employers/demo) Related Articles [Financial Wellness\\ \\ Why Providing Financial Wellness Benefits for Employees Is So Important](https://www.useorigin.com/resources/blog/why-providing-financial-wellness-benefits-for-employees-is-so-important) [Announcements\\ \\ Our Exciting New Spending Features Make Your Budget Even More Customizable](https://www.useorigin.com/resources/blog/new-spending-features-make-your-budget-more-customizable) [Financial Wellness\\ \\ What are Employee Total Rewards?](https://www.useorigin.com/resources/blog/what-are-employee-total-rewards) [Financial Wellness\\ \\ 6 Key Findings on Employee Financial Wellness](https://www.useorigin.com/resources/blog/6-key-findings-on-employee-financial-wellness) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836291708&cv=11&fst=1741836291708&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Ffinancial-education-for-employees-why-its-so-important&hn=www.googleadservices.com&frm=0&tiba=Financial%20Education%20for%20Employees%20%E2%80%94%20Why%20It's%20So%20Important&npa=0&pscdl=noapi&auid=962591335.1741836292&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](about:blank) ## Trust Beneficiary Guide We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/as-a-beneficiary-of-a-trust-what-should-i-look-out-for#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/as-a-beneficiary-of-a-trust-what-should-i-look-out-for) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/as-a-beneficiary-of-a-trust-what-should-i-look-out-for) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/as-a-beneficiary-of-a-trust-what-should-i-look-out-for) By Austin Payne / Published 10.9.2024 People create trusts for many reasons. When the trust provisions are documented in someone’s last will and testament to take effect upon the death of the person who made the will, these trusts are referred to as a testamentary trust. Many individuals who create revocable living trusts to avoid probate will include provisions for beneficiaries that ensure the trust remains in existence after the death of the settlers. These trusts are often called living trust sub-trusts. The result is a trust in which you may be named as a beneficiary, allowing it to continue after the death of the person or persons who established it. Each trust will have a trustee or co-trustee and will include provisions for managing assets and making distributions to or for beneficiaries. ## **The Role of Trustees** Trustees of these trusts often find themselves in over their heads. Many individuals set up trusts and name a close friend or relative as a trustee, who may have little to no experience in this role. As a result, many individual trustees lack the knowledge of the investment and accounting rules required of trustees. For trust beneficiaries, it’s essential to be proactive in understanding the trust's terms and monitoring the trust property to avoid potential issues. If you have concerns, it may be helpful to encourage the trustee to seek appropriate legal and accounting advice. ## **Your Right to Information** If you are a beneficiary of a trust and cannot obtain information about the trust or its dealings, it’s important to know that you have a right to that information. However, your right can be subject to the terms of the trust documents and applicable state trust law. ## **Here are a few key points to keep in mind:** - While the settlor of a living trust is alive, you are not entitled to any information. You gain rights as a beneficiary only after the settlor's death, when the trust becomes irrevocable. - The right to information helps hold trustees accountable and ensures they fulfill their obligations. - If the trust owns real estate, a Certificate of Trust may be recorded in the land records, providing basic information about the trust. - As a beneficiary of an irrevocable trust, you have the right to request a copy of the trust document and receive accurate information about the nature and amount of trust property. The trustee is obligated to permit you to inspect trust documents and provide a clear annual account of the trust's administration. ## **Addressing Uncooperative Trustees** **What if the trustee fails to provide the information required?** In such cases, a beneficiary may need to hire an attorney to compel the trustee to fulfill their duties or, in some instances, seek the trustee's removal through a court. ## **Tax Implications for Beneficiaries** Trust beneficiaries typically need to report distributions received from the trust’s income as taxable income. They usually receive a Form K-1 indicating how much of their distribution was taxable income versus nontaxable principal, which is essential for accurately reporting taxable income on their annual tax return. However, distributions from the trust’s principal are generally not considered taxable income. ## **Privacy Considerations** If you are a beneficiary of a testamentary trust created in someone else's will, the trust terms will be public record due to the will being filed in probate court. Conversely, if you are a beneficiary of a sub-trust within a revocable living trust, those terms may remain private, as trusts are not generally recorded in public records. ## **Protecting Your Inheritance** When receiving your inheritance, whether outright or as principal distributions from a trust, consider the long-term implications of how you manage these assets. Many beneficiaries choose to keep trust assets separate from jointly owned assets with a spouse to protect those assets in case of divorce. ## **Conclusion** Being a trust beneficiary comes with both rights and responsibilities. It's crucial to proactively understand the trust terms and not assume everything will be taken care of for you. If you suspect any issues, take immediate action to gather the necessary information to hold the trustees and other responsible parties accountable for fulfilling their duties. [Take our assessment](https://app.useorigin.com/estate-planning/assessment) Related Articles [Estate Planning\\ \\ How To Revoke Or Terminate Your Living Trust](https://www.useorigin.com/resources/blog/how-to-revoke-or-terminate-your-living-trust) [Estate Planning\\ \\ The Difference Between A Will And A Trust](https://www.useorigin.com/resources/blog/what-is-the-difference-between-a-will-and-a-trust) [Estate Planning\\ \\ Why Procrastinating Your Will Is A Bad Idea](https://www.useorigin.com/resources/blog/why-procrastinating-your-will-is-a-bad-idea) [Estate Planning\\ \\ You Just Inherited Money Or Assets—Here's What To Do With It](https://www.useorigin.com/resources/blog/you-just-inherited-money-or-assets-heres-what-to-do-with-it) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836291351&cv=11&fst=1741836291351&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fas-a-beneficiary-of-a-trust-what-should-i-look-out-for&hn=www.googleadservices.com&frm=0&tiba=I'm%20A%20Beneficiary%20Of%20A%20Trust%20-%20What%20Should%20I%20Look%20Out%20For%3F&npa=0&pscdl=noapi&auid=1117867406.1741836291&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Retirement Readiness Assessment We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-to-assess-your-retirement-readiness-with-sidekick-our-ai-financial#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-to-assess-your-retirement-readiness-with-sidekick-our-ai-financial) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-to-assess-your-retirement-readiness-with-sidekick-our-ai-financial) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-to-assess-your-retirement-readiness-with-sidekick-our-ai-financial) By Nora Biette-Timmons / Published 10.8.2024 We recently [launched](https://www.useorigin.com/resources/blog/new-in-origin-investing-savings-and-ai-tools-make-wealth-building-easy-and) a series of exciting new tools and made some impressive improvements on our existing features so that Origin can work even harder for you on your wealth-building journey. As part of that package, we’ve boosted the capabilities of Sidekick, our AI-backed financial assistant. Among its [other enhanced features](https://www.useorigin.com/resources/blog/how-ai-financial-assistant-help-investments), one of Sidekick’s most crucial new capabilities is helping you determine your retirement readiness. Because you’ve already connected all your financial accounts to examine your spending, come up with your budget, and track your net worth, Sidekick’s calculation of how much money you’ll need — and how on track you are to meeting that goal — is both accurate and totally customized to you. Sidekick gives you info just for you, and it’s much cheaper than meeting with a CFP® every time you have a question about the position of your retirement investments. To work with Sidekick to determine what your golden years could look like, head over to the Advice tab to find the “retirement readiness” module. Once you’ve selected it, Sidekick will ask you a few questions to get some additional information, like, for example, where you want to retire (because, as we all know, the cost of living varies significantly across the country). Then, it’ll give you an easy-to-understand graph of where you currently stand and where you’re headed, with some recommendations and actions for you to take to further strengthen your retirement readiness. Here’s what that looks like: Sidekick’s easy integration within Origin’s all-in-one financial management platform also means that, if you determine you need to better position yourself for retirement — whether that’s in 10 years or 40 — you can take immediate action, like investing in one of Origin’s proprietary brokerage accounts, which cost you zero in assets-under-management fees (something that isn’t true of most other brokerage accounts). You can also open a high-interest cash account to maximize returns on your idle cash. Join Origin to start building your wealth today. [Join Origin](https://app.useorigin.com/sign-up/) Related Articles [Announcements\\ \\ New in Origin: Investing, Savings, and AI Tools Make Wealth-Building Easy and Approachable](https://www.useorigin.com/resources/blog/new-in-origin-investing-savings-and-ai-tools-make-wealth-building-easy-and) [Announcements\\ \\ How Sidekick, Our AI Financial Assistant, Can Help Optimize Your Investments](https://www.useorigin.com/resources/blog/how-ai-financial-assistant-help-investments) [Announcements\\ \\ NEW: Our High-Yield Cash Account Promo Gives You an Additional 0.5% On Top of Our Market-Beating APY](https://www.useorigin.com/resources/blog/origin-high-yield-cash-account-rate) Disclaimer: Sidekick, an AI-powered guidance tool by Origin, provides outputs based on user inputs, advanced artificial intelligence (AI) models and traditional algorithmic models. Any output provided by Sidekick is for informational purposes only and should not be construed as legal, tax, investment, financial or other advice. Nothing on this page should be construed as an offer or solicitation of an offer to buy or sell securities. For additional important risks, disclosures, and information, please visit https://www.useorigin.com/legal. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836291442&cv=11&fst=1741836291442&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814060~102825837~102874650&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-to-assess-your-retirement-readiness-with-sidekick-our-ai-financial&hn=www.googleadservices.com&frm=0&tiba=Our%20AI%20Financial%20Assistant%20Can%20Tell%20You%20If%20You%E2%80%99re%20on%20Track%20for%20Retirement%20%E2%80%94%20Even%20if%20that%E2%80%99s%20Decades%20Away&npa=0&pscdl=noapi&auid=1280741078.1741836291&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Customizable Budgeting Features We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/new-spending-features-make-your-budget-more-customizable#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/new-spending-features-make-your-budget-more-customizable) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/new-spending-features-make-your-budget-more-customizable) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/new-spending-features-make-your-budget-more-customizable) Published 9.30.2024 Here at Origin, our budgeting and spending tools are among our most popular features, and we’re excited to share that we’ve launched some new capabilities that will make them even better. These include your top requests, like editing transactions, manual transaction addition, and more. All these elements will provide even more customization and more insights into your spending habits. We are always striving to serve our members better, and we always take feedback to heart. From our direct conversations, comments on [our subreddit](https://www.reddit.com/r/OriginFinancial/), and via our customer support team, we’ve heard your feedback for even more customizable spending tools, and we answered! Your input is incredibly useful to us, so please continue to make your voices heard. Without further ado, here’s what’s new with spending at Origin: ## **Edit transactions** Origin already allows you to recategorize every transaction, because you know your spending better than we do. Now you’ll have the ability to edit all other details too: the date, amount, description, and merchant, on top of the existing ability to split or hide transactions. This comes in handy for keeping your budget as accurate as possible, especially when it comes to charges and deductions that don’t align with the dates you pay them — like September rent being taken out of your checking account on August 31, or your September electric bill in coming due in mid-October. Plus, you’ll now be able to add memos to each transaction to help you remember important details that might impact your budget. For example, “Whole check for dinner with the girls. Sarah & Imani reimbursed via Venmo” or “Birthday present for John (bought six months early because it’s the perfect gift!)” Here’s a peak at how this will look in the app: ## **Add transactions** Sometimes using cash can feel like you’re not spending any money because there’s no record of it on your credit or debit card statement — which is a bit tricky when it comes to accurately tracking your spending. Now you can add those transactions in yourself, meaning you’ll get the _entire_ picture of your (literal) cash flow, and be able to keep your budget up to date. You can also manually add other transactions that, for whatever reason, don’t show up in your transaction report. ## **See “Everything else” in your budget** This new spending category allows you to investigate which of your transactions don’t fall into a typical budget category. Once you’re in this tab, you can sort everything into the correct categories and further customize your budget. Like always, you can still set your budget in two clicks, and decide if you want to add category limits or not. Any transactions that aren’t automatically categorized show up in the new “Everything else” section, but some users were confused about that section’s clickability. We’ve now updated it so it’s abundantly clear, and when you double click into “Everything else,” you’ll see those uncategorized transactions and be able to sort them accordingly, or simply leave them as is — it’s your budget, after all! ## **More features to come…** We’re always working to give our members the tools you need and have asked for, so keep an eye out for these new capabilities over the next few months: - **Adding investment holdings manually:** Upcoming features will allow you to manually add in holdings that you haven't connected through account connection, and also add tickers for stocks and crypto in order to get live balance updates. - **Custom spending rules:** These will let you create and manage simple-to-advanced rules for automatically managing your transactions. - **Bulk editing of spending transactions:** You’ll be able to to select multiple transactions at once and re-classify them the same way. For example, if you’re regularly paying upfront for work charges that you’ll get reimbursed for, you can edit them all at once so they don’t impact your overall spending or net-worth numbers. All of these new features will help you get an even more detailed, up-to-date look at your spending and your net worth. We’ve built them out in direct response to your feedback and requests, and we can’t wait to hear what you think about them! [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836291458&cv=11&fst=1741836291458&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fnew-spending-features-make-your-budget-more-customizable&hn=www.googleadservices.com&frm=0&tiba=Origin%E2%80%99s%20New%20Spending%20Features%20Make%20Your%20Budget%20Even%20More%20Customizable&npa=0&pscdl=noapi&auid=215941366.1741836291&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Revoking Your Living Trust We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-to-revoke-or-terminate-your-living-trust#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-to-revoke-or-terminate-your-living-trust) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-to-revoke-or-terminate-your-living-trust) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-to-revoke-or-terminate-your-living-trust) By Austin Payne / Published 9.26.2024 A living trust is a useful legal tool that facilitates the direct transfer of assets to heirs, bypassing the often complex probate process. If your circumstances change and you need to revoke your living trust, the process varies depending on the trust’s type and other factors. ### **What is a Living Trust?** A living trust is established during your lifetime to streamline the transfer of assets to your heirs upon your death. It designates a trustee to manage the trust's assets for the beneficiaries while you're alive. Unlike a will, a living trust usually avoids probate. There are two main types of living trusts: - **Irrevocable Living Trust:** This type cannot be modified or revoked after its creation. It offers benefits like avoiding estate taxes and protecting assets from creditors but provides little control over the assets. - **Revocable Living Trust:** This type allows changes and can be revoked anytime, maintaining greater control over the assets. However, it does not offer tax benefits or creditor protection, as the trust assets are still part of the grantor’s taxable estate. ### **Reasons to Revoke a Living Trust** Revoking a living trust may be necessary for various reasons: - The terms no longer align with your estate planning goals. - You wish to change the distribution schedule, successor trustees, or trust provisions. - You want to transfer the trust assets back to your name. - The trust is no longer needed. Common scenarios for revocation include divorces or substantial changes in your estate plan. Often, it may be simpler to revoke and create a new trust than to amend an existing one. ### **How to Revoke a Living Trust** For a revocable living trust, follow these steps: 1. **Remove Assets:** Retitle assets from the trust back into your name. 2. **Complete a Revocation Form:** Fill out and sign a formal revocation form, which may need to be notarized. 3. **Review Trust Provisions:** Check for any specific instructions on how to revoke the trust and to whom you must send the revocation notice. After the death of the trust creator, the trust typically provides for its termination and the distribution of assets to beneficiaries. In many cases, transferring assets to beneficiaries effectively revokes the trust. Consult a lawyer if needed to ensure proper execution of these steps. ### **Amending a Trust** Instead of revoking, you might consider amending or restating the trust. Amendments are used to make specific changes, while a restatement involves updating all terms of the trust while keeping its name. ### **The Bottom Line** Revoking a living trust is straightforward with revocable trusts but more challenging with irrevocable ones. The key steps are transferring assets back into your name and completing the necessary paperwork. Related Articles [Estate Planning\\ \\ The Difference Between Life Insurance And An Estate Plan](https://www.useorigin.com/resources/blog/the-difference-between-life-insurance-and-an-estate-plan) [Estate Planning\\ \\ The Difference Between A Will And A Trust](https://www.useorigin.com/resources/blog/what-is-the-difference-between-a-will-and-a-trust) [Estate Planning\\ \\ Why Procrastinating Your Will Is A Bad Idea](https://www.useorigin.com/resources/blog/why-procrastinating-your-will-is-a-bad-idea) [Estate Planning\\ \\ Why You Should Talk To Your Kids About Estate Planning](https://www.useorigin.com/resources/blog/why-you-should-talk-to-your-kids-about-estate-planning) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836292695&cv=11&fst=1741836292695&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102693808~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-to-revoke-or-terminate-your-living-trust&hn=www.googleadservices.com&frm=0&tiba=How%20To%20Revoke%20Or%20Terminate%20Your%20Living%20Trust&npa=0&pscdl=noapi&auid=1805938009.1741836292&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Life Insurance vs Estate Planning We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/the-difference-between-life-insurance-and-an-estate-plan#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/the-difference-between-life-insurance-and-an-estate-plan) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/the-difference-between-life-insurance-and-an-estate-plan) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/the-difference-between-life-insurance-and-an-estate-plan) By Austin Payne / Published 9.24.2024 Many people might think of estate planning as just like buying life insurance—a way to ensure your loved ones get money when you pass away. While life insurance can be part of an estate plan, estate planning itself covers much more. It involves strategies to protect your assets while you're alive and manage their distribution after you’re gone. ### **What is Life Insurance?** Life insurance is a contract between you and an insurance company. You pay premiums during your lifetime, and in return, the company pays a death benefit to your beneficiaries when you pass away. Here are the main types: - **Term Life:** Provides coverage for a specified period and is generally the least expensive. You might have options to extend or convert it to permanent insurance. - **Permanent Life:** Lasts your entire lifetime. Types include: - Universal - Whole - Variable Universal - Indexed Universal - **Final Expenses:** Covers lower payouts but is the most affordable option. ### **What is an Estate Plan?** Estate planning involves making decisions about how your assets will be managed and distributed, and how your healthcare decisions will be handled if you're unable to make them yourself. Key components include: - Creating a last will and testament - Setting up trusts - Establishing a financial power of attorney - Preparing healthcare legal documents - Implementing strategies to minimize estate taxes ### **Main Differences Between Life Insurance and Estate Planning** **Life Insurance:** - Primarily provides financial support to beneficiaries after your death. - Can be used to cover expenses such as funeral costs or estate taxes. **Estate Planning:** - Covers a broader range of strategies to manage your assets and healthcare decisions both during your life and after you pass away. - Involves setting up legal documents to ensure your wishes are followed and to streamline the process for your loved ones. ### **Both Are Important** While life insurance can be a crucial part of your financial planning, it doesn’t replace the need for a comprehensive estate plan. Proper estate planning ensures that all aspects of your life and assets are managed according to your wishes and provides for a smoother transition for your loved ones. [Take our assessment](https://app.useorigin.com/estate-planning/assessment) Related Articles [Estate Planning\\ \\ The Difference Between A Will And A Trust](https://www.useorigin.com/resources/blog/what-is-the-difference-between-a-will-and-a-trust) [Estate Planning\\ \\ Why Procrastinating Your Will Is A Bad Idea](https://www.useorigin.com/resources/blog/why-procrastinating-your-will-is-a-bad-idea) [Estate Planning\\ \\ Why You Should Talk To Your Kids About Estate Planning](https://www.useorigin.com/resources/blog/why-you-should-talk-to-your-kids-about-estate-planning) [Estate Planning\\ \\ You Just Inherited Money Or Assets—Here's What To Do With It](https://www.useorigin.com/resources/blog/you-just-inherited-money-or-assets-heres-what-to-do-with-it) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836291366&cv=11&fst=1741836291366&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fthe-difference-between-life-insurance-and-an-estate-plan&hn=www.googleadservices.com&frm=0&tiba=The%20Difference%20Between%20Life%20Insurance%20And%20An%20Estate%20Plan&npa=0&pscdl=noapi&auid=1294458055.1741836291&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Investing with Stock Bundles We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/stock-bundles-discover-invest-diversify-portfolio#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/stock-bundles-discover-invest-diversify-portfolio) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/stock-bundles-discover-invest-diversify-portfolio) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/stock-bundles-discover-invest-diversify-portfolio) Published 9.24.2024 Earlier this month, we [launched](https://www.useorigin.com/resources/blog/new-in-origin-investing-savings-and-ai-tools-make-wealth-building-easy-and) a series of exciting new tools focused on maximizing your money and diversifying your portfolio in some simple — yet fun — ways. As part of that rollout, we are now offering stock bundles to provide you with another investment option and another possible way to bolster your wealth-building journey. Bundles are not funds; rather, they’re a package of individual stocks that focus on a certain objective or theme, like, say, cloud computing or dividend blue chip stocks. Bundles are designed to supplement your core portfolio; save you time (no more scouring forums to find new stocks that might be good investments); and help you discover stocks that interest or intrigue you — you’ll likely recognize a handful of company names in each bundle, but likely not all of them. For example, if you’ve been eyeing Nvidia but want to avoid some of the risk that comes in investing in a single company, you might be interested in our AI-related bundle. One of the most convenient features of our stock bundles is that you can make purchases based on a dollar amount, instead of a share quantity. Origin will do all the math to make the investments based on the dollar amount you want to invest, eliminating more work for you and streamlining the way to a more diversified portfolio. ## **How are bundles different from automated index funds?** Bundles are merely a different way to buy stocks — in a group, rather than as individual securities. Index funds are a combination of global stocks and bonds. Origin’s stock bundles are not “robo” managed (in comparison to other funds, which often _are_), meaning there’s no automated rebalancing (aka: dividends will not get automatically reinvested into the paying stock) or discretionary buying and selling. Once you’ve bought a stock bundle, it’s yours to manage, and you can do whatever you want with the securities it includes. The composition (that is, the stocks within a given bundle) may also change over time, meaning that if you buy a bundle today, and then buy the same bundle again in a year, the component stocks may be different. Each company in a bundle is equally represented: For example, a 20-stock bundle would have 5% in each holding by default. However, you have the ability to adjust the weighting of individual stocks within the bundle to your preference — even eliminating certain stocks from the bundle if you want. ## **OK, I’m in. What kind of bundles is Origin offering?** Our 15 bundles fall into two categories: industry based and strategy based. If you want to invest in companies doing similar work, we’ve compiled these bundles: - Chip Champions: The top stocks in the semiconductor industry (Nvidia, Qualcomm, Entegris, etc.). - Future Mobility: The leading US-traded companies in the electric and autonomous vehicle industry — from General Motors to Baidu. - Cloud Capital: The top performers in the rapidly growing cloud computing industry, including Salesforce, Google, and Nutanix. - Travel Titans: A diversified selection of stocks in the hospitality and travel industry, from Hilton to Delta to RyanAir. - Content Kings: A curated selection of the largest streaming and gaming companies, with big names like Netflix and Spotify, and lesser known companies like Unity Software. - Pure Power: The most prominent players in the U.S. clean energy sector. - Future Factories: Companies driving innovation and efficiency in manufacturing, like C3Ai and Rockwell Automation. - Ocean and Orbit: Those pushing the frontiers of space and sea exploration, from Lockheed Martin to Moog. - Principled Properties: Socially and environmentally responsible real estate companies. And these bundles are compiled based on the economic or business strategy they employ: - Dividend Deluxe: The top-performing, dividend-paying companies from the Dow Jones US Dividend 100 Index. - Gentle Giants: Stocks classified as having lower volatility compared to other stocks in the S&P 500. - Buybackers: The largest stocks in the Nasdaq US Buyback Achievers Index. - Midcap Movers: The largest companies in the S&P 400, which measures the performance of mid-sized companies with market caps ranging from about $2 billion to $10 billion. - Queen Bee Capital: A collection of companies from the S&P 500 and Fortune 500 that are publicly traded and have women CEOs. - Buffett’s Picks: The top holdings from Berkshire Hathaway. Interested? [Learn more about stock bundles.](https://app.useorigin.com/invest/overview) Disclaimer: Investments in Stock Bundles involve direct ownership of individual stocks and are not managed by Origin Investment Advisory LLC. Stock Bundles are thematic and do not guarantee a diversified portfolio. Stock Bundles are provided for informational purposes only. Stock Bundles are not intended to be personal investment advice or an individualized recommendation. Investing involves risk. Investors should consider their financial situation, risk tolerance, and investment objectives before investing. Past performance is not indicative of future results, and investing in stocks involves the risk of loss, including loss of principal. Each investor is responsible for their investment decisions. Please consult your financial advisor to ensure that any investment meets your specific needs. For additional important risks, disclosures, and information, please visit https://www.useorigin.com/legal. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836291194&cv=11&fst=1741836291194&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837~102874650&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fstock-bundles-discover-invest-diversify-portfolio&hn=www.googleadservices.com&frm=0&tiba=Investing%20With%20Stock%20Bundles%20Is%20a%20Fun%20New%20Way%20to%20Diversify%20Your%20Portfolio&npa=0&pscdl=noapi&auid=1208399062.1741836291&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Financial Wellness Benefits We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/why-providing-financial-wellness-benefits-for-employees-is-so-important#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/why-providing-financial-wellness-benefits-for-employees-is-so-important) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/why-providing-financial-wellness-benefits-for-employees-is-so-important) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/why-providing-financial-wellness-benefits-for-employees-is-so-important) By Austin Payne / Published 9.24.2024 / Updated 9.25.2024 Many employers provide financial benefits to their employees — a salary, retirement plan, health insurance, etc., but how many provide support that actually helps them use those benefits effectively? This is where financial wellness benefits become extremely impactful. Employees **want** help with their finances — in fact, [93%](https://www.useorigin.com/employers) seek financial guidance and support from their employer, but far too many of them lack the support they seek. Financial wellness benefits are quickly becoming an essential part of an employee’s total compensation package, playing an important role alongside other benefit pillars like salary, equity, health insurance, retirement plans, and the usual suite of benefit offerings. **And they have material benefits, too.** Data from our own customers shows that employees who receive financial wellness benefits from Origin increased their 401K contributions by 42% and their HSA or 529 plan contributions by 23%. For employers, this also means $5,600 per employee saved in attrition costs, a total of $2.8M saved on backfilling roles for a company of 500+ employees, or $6M saved for a company of 1,000+. ## **But What Exactly Are Financial Wellness Benefits?** Starting from the top, financial wellness is a term used to describe your ability to manage your current and future financial needs. It considers the total picture of your financial health and recognizes how finances can impact stress levels. Much like physical fitness and mental health, financial wellness is essential because it impacts overall health and well-being. It means taking care of the money must-haves. It means directing your finances rather than having them direct you. It means budgeting, tracking, spending, saving, investing, protecting, and planning — and it means doing it all with a purpose. Because, let’s face it — money is involved in almost every part of our lives, so practicing financial wellness means stability in all other aspects of life, too. So, financial wellness benefits are exactly that: benefits that support an employee's financial wellness. **This includes things like:** ### **Financial Wellness Platforms** Holistic financial wellness platforms, [like Origin](https://www.useorigin.com/), allow users to manage their compensation, benefits, and personal finances in one place — side-by-side with Certified Financial Planners™. Employees can work with financial planning advisors bound by fiduciary duty to develop a financial roadmap and track their progress. Platforms like Origin function as a single place for employees to understand the value of their cash, equity, and benefits to see progress and take action. ### **Estate Planning Assistance** Only about [23%](https://mazenkolaw.com/40-of-people-say-they-dont-have-enough-to-make-a-will/#:~:text=How%20Many%20People%20Don't,for%20not%20having%20a%20plan.) of Americans have an estate plan in place. While it’s often an uncomfortable topic to think about or plan for, it’s ultimately a necessary part of financial planning that can reduce both your own stress and the stress of your loved ones in the future. That’s why Origin includes estate planning as part of its financial wellness benefits, helping employees create a personalized plan to protect their assets and ensure their wishes are honored. ### **Budgeting and Cash Flow Management** Tailored advice from a personal financial advisor who is also a fiduciary, an individual with a legal and ethical obligation to act in the best interests of others, is best. To complement this advice, use an all-in-one dashboard to see how your money is spent and where you risk going over budget. These tools typically allow users to filter and display information in several ways, like spending timelines and budget breakdowns along with spending categories, which can cut down on financial literacy barriers that may exist for some demographics. ### **Tax Guidance and Preparation** Tax guidance and filing services are also essential aspects of financial planning and wellness, that’s why Origin offers a comprehensive tax filing solution that covers all tax situations and allows employees to file at no additional cost. ## **Are Financial Wellness Benefits Effective?** The short answer is undoubtedly yes; financial wellness benefits can bring massive improvements to the overall morale, health, happiness, and even productivity of a company’s workforce. - According to [PWC's 2023 Financial Wellness Survey](https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html), 60% of full-time employees are stressed about their finances. This is true even amongst high-earners, with 47% of those making over $100,000 reporting financial strain. - Money stress finds its way into other important areas of employees’ personal lives, with employees reporting negative implications of financial stress across sleep, mental health, self-esteem, and more. - Employees who are stressed about their finances are about five times more likely to report it impacting their performance at work, with 44% reporting it as a distraction. - As mentioned above, employees do **want** help with their personal finances — PWC's survey found that 74% seek financial guidance when dealing with crises, life events, or general financial decisions. - Stressed-out employees cost companies big time — some estimates put financial stress at an estimated [$250 billion](https://www.webmdhealthservices.com/blog/financial-stress-in-the-workplace-how-to-help-employees-cope/) per year in lost productivity and absenteeism. ![](https://images.ctfassets.net/agrlvtq28rka/612ccncrDlFcdJMhE2FLcf/2c50dd6485e9bd94b5ecf622b912c783/Screenshot_2024-09-17_at_1.10.10_PM.png?fm=webp&w=3840&q=80)![](https://images.ctfassets.net/agrlvtq28rka/2iFeqMBqyyJ88OuMzIFNgN/d59544a5283fcbe91abfb8e6bc9f787b/Screenshot_2024-09-17_at_1.16.33_PM.png?fm=webp&w=3840&q=80) Source: [PWC](https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html) ## **How Origin Can Be the All-in-One Financial Wellness Benefits Platform** Origin offers a flexible, holistic solution to the financial wellness benefits need, filling an important gap in the benefits world with an all-in-one platform. **With Origin, your employees gain access to:** - A holistic financial management platform that allows them to track their net worth, budget, monitor expenses, and get access to 1:1 financial planning sessions with a professional. - Elsewhere, our all-encompassing approach also brings the ability to file taxes, analyze and monitor benefits or equity, and even create an estate plan — all in one place. - Employees also gain access to an extensive library of financial education resources, a twice-weekly personal finance newsletter, and unfettered, 24/7 access to personalized insights and info from our AI-powered financial assistant, [Sidekick](https://www.useorigin.com/resources/blog/how-ai-financial-assistant-help-investments). Interested in learning more? Find out how you can partner with Origin to help provide your employees with a crucial financial wellness solution. [Book a Demo](https://www.useorigin.com/employers/demo) Related Articles [Financial Wellness\\ \\ Financial Wellness 101: Everything you need to know](https://www.useorigin.com/resources/blog/financial-wellness-101-everything-you-need-to-know) [Financial Wellness\\ \\ How to Implement a Financial Wellness Program for Your Employees](https://www.useorigin.com/resources/blog/how-to-implement-a-financial-wellness-program-for-your-employees) [Financial Wellness\\ \\ What is Corporate Financial Wellness?](https://www.useorigin.com/resources/blog/what-is-corporate-financial-wellness) [Financial Wellness\\ \\ How to Calculate Your Financial Wellness Score](https://www.useorigin.com/resources/blog/how-to-calculate-your-financial-wellness-score) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836297048&cv=11&fst=1741836297048&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c1v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fwhy-providing-financial-wellness-benefits-for-employees-is-so-important&hn=www.googleadservices.com&frm=0&tiba=Why%20Financial%20Wellness%20Benefits%20for%20Employees%20Is%20So%20Important&npa=0&pscdl=noapi&auid=1087269499.1741836297&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Wills vs Trusts We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/what-is-the-difference-between-a-will-and-a-trust#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/what-is-the-difference-between-a-will-and-a-trust) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/what-is-the-difference-between-a-will-and-a-trust) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/what-is-the-difference-between-a-will-and-a-trust) By Austin Payne / Published 9.19.2024 **Let’s start with the basics.** When you use a Will to pass on your estate, you typically make provisions for your spouse, children, or others, and might even leave assets to a trust that dictates when and how distributions are made. You can choose to leave an inheritance outright, giving immediate ownership to the recipient, or you can create a “testamentary trust” within your Will, which sets conditions for when the beneficiary can receive their inheritance. Testamentary trust provisions are included in your Will and take effect after your death. ### **Will Plan** With a **Will Plan**, all your assets—such as your home, real estate, and investments—remain in your name. After your death, your assets are frozen, and despite having a Will, your survivors must navigate the court-supervised probate process to transfer assets to those named in your Will. This can involve time and legal fees. ### **Living Trust** A **Living Trust** is designed to transfer your estate, or parts of it, to designated beneficiaries after you pass away. By transferring assets to your Living Trust, such as your home and investments, you can avoid probate, making it easier for beneficiaries to receive their inheritance and reducing the expense and delay of settling your estate. ### **What’s the Bottom Line?** Some people prefer the simplicity of a Will Plan, despite the need for a potentially costly and lengthy probate process. Others choose a Living Trust to avoid probate altogether. Ultimately, the key is to prepare your estate plan and take action. Without it, the government will have complete control over your estate. Related Articles [Estate Planning\\ \\ You Just Inherited Money Or Assets—Here's What To Do With It](https://www.useorigin.com/resources/blog/you-just-inherited-money-or-assets-heres-what-to-do-with-it) [Estate Planning\\ \\ Why You Should Talk To Your Kids About Estate Planning](https://www.useorigin.com/resources/blog/why-you-should-talk-to-your-kids-about-estate-planning) [Estate Planning\\ \\ What Is A Living Trust, And Do I Need One?](https://www.useorigin.com/resources/blog/what-is-a-living-trust-and-do-i-need-one) [Announcements\\ \\ Protect your Assets and Family with Estate Planning: New in Origin](https://www.useorigin.com/resources/blog/protect-your-assets-and-family-with-estate-planning-new-in-origin) [Estate Planning\\ \\ The Difference Between A Living Will And Will](https://www.useorigin.com/resources/blog/the-difference-between-a-living-will-and-will) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836297052&cv=11&fst=1741836297052&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c1v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813109~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fwhat-is-the-difference-between-a-will-and-a-trust&hn=www.googleadservices.com&frm=0&tiba=The%20Difference%20Between%20A%20Will%20And%20A%20Trust&npa=0&pscdl=noapi&auid=988266119.1741836297&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Importance of Diversification We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/the-importance-of-diversification#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/the-importance-of-diversification) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/the-importance-of-diversification) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/the-importance-of-diversification) By Austin Payne / Published 9.18.2024 Too much of anything can become a problem, even when it’s too much of a good thing. While this truth is pretty obvious as it pertains to life in general, it remains true when it comes to investing as well. Not enough diversification can often leave your portfolio susceptible to volatility, but too much diversification can also mean missing out on gains. So, how do you find the right balance? ## **Let’s Start With the Basics** When we talk about “investing,” we’re usually referring to buying shares of publicly traded companies in the stock market or buying bonds from the U.S. Government — sounds pretty simple, but it gets a bit more complex when you look closer. ### **You’ve actually got several options; here’s the rundown:** - **Stocks:** Stocks are ownership of a small portion of a publicly traded company. The overwhelming majority of the globe’s businesses are “privately held,” simply meaning they’re not available for people like you and me to purchase shares of. Public companies, on the other hand, are traded on public stock exchanges, where we get shares or “stocks.” - **ETFs and funds:** Think of ETFs, index funds, and mutual funds as packages of stocks. There are countless stocks to choose from, and funds make it easier to do. They aggregate and buy up a selection of stocks based on their criteria, and instead of buying all of these stocks yourself, you can just buy a share of that fund and achieve similar results. - **Bonds:** Bonds are technically “debt securities,” meaning you’re lending money to an entity (usually the government, but also businesses) in exchange for a certain return on your cash. Bond prices fluctuate based on demand, too, but not as choppily as stocks do. ## **The Risks of Overconcentration** Let’s say you’re an iPhone fanatic. You really like Apple, and as a result, you’re motivated to buy and hold some Apple stock because you believe in the company's future. If Apple is the only stock you hold in your entire portfolio, that means you’re completely at the mercy of one single stock’s performance. If $AAPL has a great month, gaining 10%, you’re feeling great, but if the company reports some bad news and has an awful month, losing 10%, your portfolio will suffer accordingly. This is volatility — drastic, erratic price swings in either direction — and the more concentrated your portfolio is across one or a few different stocks, the more exposed you are to it. ## **How Diversification Can Help** **How do you mitigate that risk? By diversifying.** Diversifying your portfolio means spreading out your cash across a wide variety of investments so that you’re not entirely dependent on the performance of a small group of stocks. By investing in a broad market index fund (or ETF) that tracks the S&P 500, for example, you’re getting exposure to over 500 different companies with just one investment while still reaping the benefits of consistent growth over time. Diversification might also mean incorporating other assets besides stocks. In fact, one of the most popular portfolio compositions used today is the “60/40 portfolio,” which means splitting your investments into 60% stocks and 40% bonds, which help provide stability and consistent growth in the form of dividends. There are a lot of alternative approaches as well. Target date funds, for example, enact a similar approach wherein they adjust your stock-to-bond ratio over time as you near retirement age, which often means lower risk tolerance. ## **Everyone’s Risk Tolerance Is Unique** Diversification will look like different strategies for different individuals. Someone nearing retirement age who wants slow, predictable growth and lower volatility risk is likely better-suited to have a much higher bold allocation than someone who is in their 20s and investing for the long run. Each investor is also likely to have their own unique niche interests and beliefs about certain industries, companies, and investing philosophies. While diversification is paramount, it’s completely okay to indulge in allocating some cash to niche interests of your choosing — AI, tech, EVs; you name it. ## **How Origin Can Help You Diversify** Origin provides all of the tools you need and then some to craft a well-balanced portfolio and holistic financial wellness. Our all-in-one money management platform now includes some key investing products to help make your portfolio both healthy and interesting. **Introducing:** - **Enhanced automated index investing,** which is a managed investment portfolio that will invest your money in globally diversified stocks and bonds based on your own timetable, goals, and risk preferences — all with 0 assets under management (AUM) fees. - **Stock bundles** that span a wide variety of niches, including chipmakers, clean energy, real estate, cloud computing, and much more. Sector-specific investments like this are meant to supplement your more diverse core portfolio. - **A market-beating high-yield cash account** so you can grow your idle savings and dry powder for investing. Related Articles [Personal Finance\\ \\ How to Get Started With Investing](https://www.useorigin.com/resources/blog/how-to-get-started-with-investing) [Announcements\\ \\ New in Origin: Investing, Savings, and AI Tools Make Wealth-Building Easy and Approachable](https://www.useorigin.com/resources/blog/new-in-origin-investing-savings-and-ai-tools-make-wealth-building-easy-and) [Financial Wellness\\ \\ The Power of Dollar Cost Averaging](https://www.useorigin.com/resources/blog/the-power-of-dollar-cost-averaging) [Personal Finance\\ \\ How to Balance Saving for Retirement, Investing, and Student Loans](https://www.useorigin.com/resources/blog/how-to-balance-saving-for-retirement-investing-and-student-loans) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836297279&cv=11&fst=1741836297279&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fthe-importance-of-diversification&hn=www.googleadservices.com&frm=0&tiba=The%20Importance%20of%20Diversification&npa=0&pscdl=noapi&auid=1719005680.1741836297&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Estate Planning Essentials We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/why-procrastinating-your-will-is-a-bad-idea#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/why-procrastinating-your-will-is-a-bad-idea) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/why-procrastinating-your-will-is-a-bad-idea) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/why-procrastinating-your-will-is-a-bad-idea) By Austin Payne / Published 9.17.2024 You probably know it's important to get your legal affairs in order, but you keep putting it off. It’s tough to think about death, incapacity, or who will care for your loved ones if you can’t. However, understanding what estate planning can do for you makes it clear that there’s no good reason to delay. Here are three key reasons to motivate you to create your estate plan. ### **Life Is Unpredictable** An estate plan is crucial for protecting yourself. If you become unable to make your own financial or healthcare decisions, a comprehensive estate plan will ensure that trusted individuals can make these decisions for you. Without an estate plan that includes power of attorney documents, your family may have to go to court to declare you legally incompetent, leading to a judge appointing a guardian to handle your affairs. ### **You Will Lose Control If You Don’t Take Action** An estate plan helps you maintain control over what happens after your death. Without one, state law will decide who handles your estate and who inherits your belongings. With an estate plan, you choose who will make your financial, healthcare, and estate decisions and how your assets will be distributed to your loved ones. ### **Save Time and Money in the Long Run** Estate planning can save you and your family a lot of money and hassle. Setting up your estate plan is often much cheaper than dealing with the costs of incapacity or probate. Without an estate plan, guardianship proceedings and probate can lead to expensive court costs and attorney fees, taking months to resolve. ### **In Summary** Creating and maintaining an estate plan is motivated by various life events. Whether it’s protecting your spouse or children or gaining peace of mind, it’s never too early or too late to build your legacy and make a lasting positive impact on your loved ones. Related Articles [Estate Planning\\ \\ What Is A Living Trust, And Do I Need One?](https://www.useorigin.com/resources/blog/what-is-a-living-trust-and-do-i-need-one) [Announcements\\ \\ Protect your Assets and Family with Estate Planning: New in Origin](https://www.useorigin.com/resources/blog/protect-your-assets-and-family-with-estate-planning-new-in-origin) [Estate Planning\\ \\ The Difference Between A Living Will And Will](https://www.useorigin.com/resources/blog/the-difference-between-a-living-will-and-will) [Estate Planning\\ \\ Creating Your Last Will and Testament: A Simple Guide](https://www.useorigin.com/resources/blog/creating-your-last-will-and-testament-a-simple-guide) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836296969&cv=11&fst=1741836296969&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813109~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fwhy-procrastinating-your-will-is-a-bad-idea&hn=www.googleadservices.com&frm=0&tiba=Why%20Procrastinating%20Your%20Will%20Is%20A%20Bad%20Idea&npa=0&pscdl=noapi&auid=1116617037.1741836296&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## AI Investment Assistant We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-ai-financial-assistant-help-investments#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-ai-financial-assistant-help-investments) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-ai-financial-assistant-help-investments) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-ai-financial-assistant-help-investments) Published 9.16.2024 Earlier this month, we [launched](https://www.useorigin.com/resources/blog/new-in-origin-investing-savings-and-ai-tools-make-wealth-building-easy-and) a series of exciting new tools and some impressive improvements on our existing products, all focused on maximizing your money in the most straightforward way possible. We’ve boosted the capabilities of Sidekick, our AI-backed financial assistant, to do just that for your investments. Sidekick can now guide you through longer-term financial planning and give you recommendations backed by our Certified Financial Planner® team, all in a handful of minutes. It’s an easy way to not only create a plan in the first place, but keep it regularly updated—because life changes and so do your goals. Besides speed, Sidekick’s investment guidance is convenient in a ton of other ways. For starters, since you’re already logged into all your accounts to track your spending and budget, you won’t need to toggle back and forth between your investment apps (Fidelity, Charles Schwab, Chase, etc.) or tabs to get the whole picture of your position across investment accounts. (It’s also faster and much less work than maintaining a spreadsheet—not to knock the old-school ways.) You can also track Sidekick’s recommendations in the Advice tab in the Origin app; this is also where plans and advice from our on-staff CFP®s is saved for you to reference at any time. It’s important to highlight that all of this is personalized: Because all your data is consolidated into your Origin account, Sidekick gives you realistic guidance based on your unique financial circumstance. This isn’t the generalized, one-size-fits-all advice that you might find on Reddit—or even in resources provided by your investment accounts. Sidekick is giving you info just for you, and it’s much cheaper than meeting with a CFP® every time you have a question about your investment position or want to tweak your financial plan. Breaking all this down, there are a few different things Sidekick can help you with. It can show you: - The top holdings in your portfolio - Fees you might be paying across your investments - A model asset allocation based on the number of years until your target retirement age - Any outsized risk you might be carrying in your portfolio Once you decide what you want Sidekick’s help on, it will make sure all your accounts are connected. Then, if you’re analyzing your portfolio, it will examine your asset allocation (that is, what percentage of your money is in stocks, bonds, cash, etc.) and, depending on your positions, it might recommend an updated portfolio allocation that is more diversified, less risky—or tell you that you’re in a good position to meet your goals and to just keep on keeping on. From there, you can ask Sidekick further questions—like checking up on your fees, for example, to see if you can save some money there. Sidekick’s easy integration within Origin’s all-in-one financial management platform also means that you can take immediate action based on the insights you uncover, like opening a [high-interest cash account](https://www.useorigin.com/resources/blog/origin-high-yield-cash-account-rate) to maximize returns on your idle cash or one of Origin’s proprietary brokerage accounts, which cost you zero in assets-under-management fees (something that isn’t true of most other brokerage accounts). [Join Origin](https://app.useorigin.com/sign-up/) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836296635&cv=11&fst=1741836296635&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102015665~102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-ai-financial-assistant-help-investments&hn=www.googleadservices.com&frm=0&tiba=How%20Our%20AI%20Financial%20Assistant%20Can%20Help%20Optimize%20Your%20Investments&npa=0&pscdl=noapi&auid=182994203.1741836296&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Estate Planning Conversations We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/why-you-should-talk-to-your-kids-about-estate-planning#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/why-you-should-talk-to-your-kids-about-estate-planning) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/why-you-should-talk-to-your-kids-about-estate-planning) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/why-you-should-talk-to-your-kids-about-estate-planning) By Austin Payne / Published 9.12.2024 So, you've got your estate plan sorted, and now you want to help your children achieve the same peace of mind. Discussing estate planning with your kids can be tough, but it’s worth it to help them prepare for the unexpected and protect their families. Why should you discuss estate planning with your children, and how do you start the conversation? Read on to find out. ### **Reasons to Discuss Estate Planning with Your Kids** People have different reasons for wanting to talk estate planning with their children. Here are a few common ones: #### **Naming a Guardian for Minor Children** If your child has kids of their own, an estate plan lets them name a guardian to take care of their children if they pass away before their kids reach adulthood. Without a guardian named, the courts will decide who raises the child, which might not align with your child’s wishes. #### **Have More Control Over Their Legacy** Your child might want to leave their wealth to their kids but needs a plan for managing it until they’re old enough. An estate plan allows your child to name an executor to handle the assets until their children are ready. They can also set up a trust with specific instructions on when their child can access the inheritance. #### **Specify Who Gets What in a Will** A will lets your child decide who gets what from their estate. This is straightforward if they want to leave everything to their children. However, it can get complex with stepchildren or others they might want to include or exclude. ### **How to Talk About Estate Planning** Some conversations are tough but important. Here are tips to help you discuss estate planning with your kids: - **Know the Essentials:** Understand the key estate planning documents your kids should have, like a will, power of attorney, and health care proxy. - **Bring It Up Early:** Life is unpredictable, so help your children prepare, especially if they have minor children or significant assets. - **Be Open and Honest:** Explain why the conversation is important to you. Your sincerity will come through. - **Be Aware of Family Dynamics:** Consider talking to each child separately if they don’t get along. - **Focus on the Positives:** Emphasize the benefits of having an estate plan, such as saving time, stress, and money for the family. - **Blame Your Financial Advisor:** If needed, use your financial advisor as an excuse to start the conversation, like saying, “My financial advisor and I were discussing estate planning…” ### **Example** Imagine your adult daughter Charlotte has two minor children. If she and her spouse pass away without an estate plan, a judge will appoint a guardian for their kids, which may not be their preferred choice. With an estate plan, Charlotte can name a guardian and set up a trust to manage the inheritance for her children, ensuring it’s used for their living and educational expenses. The trust will distribute the inheritance when her children are older and more financially responsible. ### **The Bottom Line** As a parent, discussing estate planning with your kids is crucial for safeguarding your family’s future. Though it might be uncomfortable, it’s an important step in protecting your children and grandchildren. [Get Started](https://app.useorigin.com/sign-up) Related Articles [Estate Planning\\ \\ How To Fund A Trust](https://www.useorigin.com/resources/blog/how-to-fund-a-trust-basics) [Estate Planning\\ \\ Do I Need An Estate Plan If I'm Not Wealthy?](https://www.useorigin.com/resources/blog/do-i-need-an-estate-plan-if-im-not-wealthy) [Estate Planning\\ \\ Creating Your Last Will and Testament: A Simple Guide](https://www.useorigin.com/resources/blog/creating-your-last-will-and-testament-a-simple-guide) [Estate Planning\\ \\ The Difference Between A Living Will And Will](https://www.useorigin.com/resources/blog/the-difference-between-a-living-will-and-will) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836297280&cv=11&fst=1741836297280&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fwhy-you-should-talk-to-your-kids-about-estate-planning&hn=www.googleadservices.com&frm=0&tiba=Why%20You%20Should%20Talk%20To%20Your%20Kids%20About%20Estate%20Planning&npa=0&pscdl=noapi&auid=750455718.1741836297&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Managing Inherited Wealth We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/you-just-inherited-money-or-assets-heres-what-to-do-with-it#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/you-just-inherited-money-or-assets-heres-what-to-do-with-it) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/you-just-inherited-money-or-assets-heres-what-to-do-with-it) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/you-just-inherited-money-or-assets-heres-what-to-do-with-it) By Austin Payne / Published 9.10.2024 Inheriting assets or a large sum of money is often a once-in-a-lifetime event. Due to its unexpected nature, you may not know what to do with your inheritance or where to begin. Below, we’ve outlined a few tips to help you avoid hasty mistakes and use your inheritance to secure your financial future. ### **What Are Inherited Assets?** Inherited money is a collection of assets you may receive from a loved one after they pass away. These assets may include cash, investments such as stocks and bonds, real estate, cars, jewelry, furniture, artwork, and other valuable items. Depending on the structure of your loved one’s estate, you may receive the inheritance right away. If the estate has to go through probate, the process could take several months or longer. ### **Is Inherited Money Taxable?** One of the first questions you may have after receiving an inheritance is whether you owe taxes. Fortunately, there is no federal inheritance tax, and only a few states levy taxes on cash, real estate, or other assets you inherit. The states that impose an inheritance tax are Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania. If your state charges these taxes, you may qualify for an exemption depending on the size of your inheritance, among other factors. While you are unlikely to owe taxes on the inheritance itself, you will owe taxes on future gains if you sell the inherited property. It’s always a good idea to consult with a professional to confirm your tax status and help minimize your tax bill. ### **What Should You Do When You Inherit?** Receiving an inheritance is an opportunity to get ahead financially, and making uninformed or hasty decisions can lead to costly errors. Here’s how you can make the most out of this unexpected opportunity: #### **Hold Off on Making Any Big Decisions** It’s critical to delay making any major decisions regarding your inheritance while you’re still in the early stages of grief. This helps avoid making emotional decisions with the money that you may not have made otherwise. Give yourself time to process the loss of your loved one to avoid lasting consequences. #### **Keep the Money in a Safe Place** One of the first things to do when you inherit money is to put it in a safe place, such as an FDIC-insured bank account. It’s a good practice to wait 6-12 months before making any big purchases with the inheritance money—unless it was a purchase you were already planning to make. As long as the money is properly stored, there’s no harm in waiting until your emotions are less raw. ### **Make a Plan for Your Inheritance** Now that you understand the tax implications of receiving an inheritance, it’s time to decide what to do with it. Here are some ideas on where to put inherited money to secure your future: #### **Pay Off Debt** Becoming debt-free is a dream for many, which is why some people choose to use some or all of their inheritance to pay off debts such as credit card balances, loans, mortgages, and other types of debt. Whether you choose to pay off some or all of your debt is up to you. However, you may want to consider paying off any high-interest debt to save money in the long run. It’s a good idea to consult with a fee-only financial advisor to help you run some scenarios and identify the most beneficial debt repayment strategy for you. #### **Invest** Another popular way to use an inheritance is to invest the money. Before proceeding, decide how much of your inheritance you want to invest and consider your goals. Here are some common ways people invest their inheritance: - **Retirement:** Investing in your retirement could be a great use of your inheritance. You might want to catch up on retirement savings or retire earlier. - **College:** You may want to use your inheritance to help cover the cost of sending your children to college. Consider funding a 529 plan or another college savings plan. - **Large Purchase:** Using your inheritance to afford a big purchase, such as a new house, car, or boat, is another option. Keep in mind that items like cars or boats may depreciate faster than other investments. - **Business Venture:** If you have an entrepreneurial spirit, consider investing in a business or startup. An inheritance can provide the financial flexibility to pursue these opportunities. #### **Give to Charity** You might want to factor charitable giving into your inheritance strategy. Whether you wish to support a local nonprofit or make a large donation to a hospital that cared for a loved one, charitable giving can be a meaningful way to use your inheritance. There are tax deductions available for charitable contributions, so it’s best to discuss the right strategy with your financial advisor. Depending on the size of your inheritance and your goals, your plan may be a combination of the above strategies. The idea is to think strategically about your inheritance and how it can help you achieve both new and existing goals. ### **Create or Update Your Estate Plan** Receiving an inheritance may prompt you to think about your own estate plan. If the process was straightforward, you might want to ensure the same for your heirs. Simultaneously, if inheriting was complicated, it should motivate you to take action to simplify the process for your loved ones in the future. [Take our assessment](https://app.useorigin.com/estate-planning/assessment) Related Articles [Estate Planning\\ \\ What Is A Living Trust, And Do I Need One?](https://www.useorigin.com/resources/blog/what-is-a-living-trust-and-do-i-need-one) [Announcements\\ \\ Protect your Assets and Family with Estate Planning: New in Origin](https://www.useorigin.com/resources/blog/protect-your-assets-and-family-with-estate-planning-new-in-origin) [Estate Planning\\ \\ The Difference Between A Living Will And Will](https://www.useorigin.com/resources/blog/the-difference-between-a-living-will-and-will) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836297754&cv=11&fst=1741836297754&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102015666~102482433~102587591~102640600~102717422~102788824~102791784~102813109~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fyou-just-inherited-money-or-assets-heres-what-to-do-with-it&hn=www.googleadservices.com&frm=0&tiba=You%20Just%20Inherited%20Money%20Or%20Assets%E2%80%94Here's%20What%20To%20Do%20With%20It&npa=0&pscdl=noapi&auid=1646870440.1741836297&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Origin Referral Program We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/referral-program#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/referral-program) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/referral-program) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/referral-program) By Nora Biette-Timmons / Published 9.6.2024 We’re excited to announce Origin’s referral program. Now, you can invite your friends and family to join you in unlocking all the incredible benefits of Origin—and you’ll both reap the rewards. ## Why we launched a referral program We regularly get feedback from users about how much you value Origin, and how you’d like to be able to share this tool with your loved ones. Well, you asked, we answered: Now, Origin members can easily refer their friends and family to the product. ## How it works For every new user you refer, you’ll get $25 in membership credit _and_ a month of boosted APY in our new Cash Management Account when they become a subscriber. That’s a year free for every four friends who join Origin—plus, four months of earning a higher rate on your cash. Terms apply. When your friends join Origin, they’ll earn 25% off their annual plan _and_ a month of boosted APY if they open and fund a Cash Management Account within 30 days. (The discount and boosted APY do not apply if they sign up for a monthly plan.) ## FAQs **Is there a limit to the number of people I can refer?** No, you can refer as many people as you’d like, for as long as you’d like. **Is there a limit to the benefits I can earn?** You’ll get $25 in credit for every user you refer who signs up for a paid subscription, and there is no cap. However, the boosted APY on your Cash Management Account maxes out at six months. See terms and conditions [here](https://www.useorigin.com/resources/blog/www.useorigin.com/legal/referral-program). **What can I use the credit for?** The credit can only be applied to your membership fees, but you can use it for both monthly and annual plans. Credit will automatically be applied at your next subscription renewal. **Where can I access my referral codes?** You can access your unique referral link right in Origin in your profile. There, you’ll see your Referrals Hub, where you can share your unique link and view your earned rewards. **Do my referral codes expire?** Nope. If you send one out tomorrow, and your friend doesn’t activate it for a while, you’ll still be rewarded when they become a paying member. Terms and conditions apply. See disclaimers [here](http://www.useorigin.com/legal/referral-program). [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836297000&cv=11&fst=1741836297000&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Freferral-program&hn=www.googleadservices.com&frm=0&tiba=Origin's%20Referral%20Program%20is%20Here&npa=0&pscdl=noapi&auid=525320485.1741836297&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Estate Planning Stages We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/life-stages-that-impact-your-estate-plan#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/life-stages-that-impact-your-estate-plan) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/life-stages-that-impact-your-estate-plan) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/life-stages-that-impact-your-estate-plan) By Austin Payne / Published 9.5.2024 More than half of Americans do not have any estate planning documents.\*\* We surveyed hundreds of Americans and found that most people recognize the importance of estate planning but haven’t prioritized it. The reality is that everyone should have some level of estate planning documents. It should be a part of everyday life and financial planning. For instance, what would your loved ones need to handle if you were to pass away today? Are they prepared for a smooth transfer of your accounts, belongings, and other personal items? Do they know your wishes? Although our lives are unpredictable, here’s a breakdown of the life stages and situations where estate planning is crucial. ## **Before, During, or Immediately After College** College students often live away from home for the first time. They should have financial and healthcare powers of attorney in place. These documents ensure that parents or other trusted individuals can manage financial and healthcare issues if the student is unable to do so. Parents guiding their emerging adult child through estate planning is also a valuable life lesson. **Actions Suggested:** - Create financial and health care powers of attorney (POA) - Update your will beneficiaries ## **Your First Real Job** As you settle into your new job, take steps to ensure your financial future is secure. This includes managing your savings and preparing for the future. **Actions Suggested:** - Designate beneficiaries for your company’s retirement account (e.g., 401k) - Get your estate planning legal documents in order ## **Getting Married** Newly married couples often engage in estate planning to provide for each other. Without an estate plan, the default rules and regulations might not align with your wishes, potentially causing difficulties for your spouse. At a minimum, create a will and power of attorney to give your spouse the control you would want them to have if something unexpected happens. **Actions Suggested:** - Create your will - Create financial and health care powers of attorney (POA) - Update your beneficiaries across all accounts ## **Having a Baby** Raising a child is a significant responsibility. Estate planning allows new parents to designate backup guardians and ensure that any inheritance is managed properly in a trust until the child reaches adulthood. **Actions Suggested:** - Select a backup guardian - Create your will - Create financial and health care powers of attorney (POA) - Update your beneficiaries across all accounts ## **Adopting a Child** When adopting a child, it’s important to secure their future in case something happens to you. Creating a will and considering a living trust will designate legal guardians and ensure that the child is well taken care of. **Actions Suggested:** - Select a backup guardian - Create your will - Consider creating a living trust - Create financial and health care powers of attorney (POA) - Update your beneficiaries across all accounts ## **Getting Divorced** A divorce is a major life change that necessitates updating your estate plan. Review and revise all estate planning documents, and update your beneficiaries to reflect your new circumstances. **Actions Suggested:** - Review and update all of your estate planning documents - Create a new estate plan if needed - Update all of your beneficiaries across all accounts ## **Birth of a Grandchild** Many new grandparents want to include their grandchildren in their estate plan to help with college expenses or to give them a financial head start. Consider setting up a trust or specific distribution plan for your grandchildren. **Actions Suggested:** - Create or update a specific distribution in trust for grandchildren - Update your beneficiaries across all accounts ## **Planning for Retirement** Congratulations on reaching retirement! Ensure your estate is protected for yourself and your loved ones. Designate the right family members to handle your financial and healthcare needs and control how your estate passes to your loved ones. **Actions Suggested:** - Create or update your estate plan - Update your beneficiaries across all accounts - Inform and educate your advocates so they are ready to perform tasks on your behalf ## **To Sum It Up** Estate planning isn’t a one-time task. As you go through life, it’s essential to create, amend, and maintain your estate plan according to your changing circumstances. It’s easier than you think—get started today. [Get Started](https://app.useorigin.com/sign-up) Related Articles [Estate Planning\\ \\ Navigating Multiple Marriages and Estate Planning](https://www.useorigin.com/resources/blog/navigating-multiple-marriages-and-estate-planning) [Estate Planning\\ \\ Official Guide To The Rules On Gifting](https://www.useorigin.com/resources/blog/official-guide-to-the-rules-on-gifting) [Estate Planning\\ \\ Things To Consider For Children In Your Estate Plan](https://www.useorigin.com/resources/blog/things-to-consider-for-children-in-your-estate-plan) [Estate Planning\\ \\ What Is A Living Trust, And Do I Need One?](https://www.useorigin.com/resources/blog/what-is-a-living-trust-and-do-i-need-one) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836297443&cv=11&fst=1741836297443&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Flife-stages-that-impact-your-estate-plan&hn=www.googleadservices.com&frm=0&tiba=Life%20Stages%20That%20Impact%20Your%20Estate%20Plan&npa=0&pscdl=noapi&auid=1715818112.1741836297&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Wealth Building Made Easy We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/new-in-origin-investing-savings-and-ai-tools-make-wealth-building-easy-and#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/new-in-origin-investing-savings-and-ai-tools-make-wealth-building-easy-and) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/new-in-origin-investing-savings-and-ai-tools-make-wealth-building-easy-and) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/new-in-origin-investing-savings-and-ai-tools-make-wealth-building-easy-and) By Matt Watson / Published 9.5.2024 Today marks a new chapter for Origin and for wealth management, as we introduce a new suite of investing and cash management tools, paired with enhanced AI-powered guidance. Why are we focusing on these particular areas of personal finance? Because we believe in democratizing access to wealth building, and these tools help make that vision a reality. # High-Yield Cash Account First off, we’re making it easier to grow your savings with an industry-leading high-yield cash account. We’re giving you a high-yield cash account because we want to make this first wealth-building step a no-brainer, and remove any obstacles to putting your money to work. And we’re launching with a promotional 5.8% APY\* for new account holders, because that’s how much we believe in the power of maximizing your money. # Enhanced Automated Index Investing We’re also rolling out new and improvedautomated index investing accounts. These are managed investment portfolios that will invest your money in globally diversified stocks and bonds based on your own timetable, goals, and risk preferences. Crucially, these have no asset under management (AUM) fees — unlike most major brokerage firms, which typically charge between 0.25% and 1%. Our subscription fee covers the cost of managing these accounts, so you keep more of the money you earn and avoid sneaky hidden fees. With Origin handling trading and rebalancing, these are simple, super cost-effective way to build your wealth — which we don’t take a cut of. # Stock Bundles And our third new offering is stock bundles, which provide curated suggestions to help you invest based on interest, industry, or business characteristics. These 15 bundles have been handpicked by our investment team based on existing indexes to make them as diversified as possible, with uniting themes like streaming and gaming, chip manufacturing, and women leaders. These are self-directed accounts (meaning you decide when to trade), and are meant to supplement your core portfolio — a way to invest in market trends (or your own interests!) and discover stocks you may not have heard of before. # AI-Powered Financial Guidance We’ve also improved Sidekick, our AI-backed financial assistant that provides guidance, identifies opportunities, and produces holistic, real-time summaries of your financial picture. These new AI capabilities are putting some key tools directly at your fingertips. First, we’re making financial guidance widely accessible. Getting tailored advice is the most expensive part of personal finance, with traditional models costing up to tens of thousands of dollars. But with Sidekick, you’ll get personalized guidance on topics like retirement readiness (think: determining how much you need to save annually to reach your retirement goals), market news notifications, and more for a fraction of that price. Helping individuals with these fundamental elements of their wealth-building journey is going to be one of the most impactful ways AI will improve our personal financial lives in the near future. Of course, AI guidance is only as good as the information provided to it, and most consumers use five (or more) disconnected tools to manage their money. But Origin’s all-in-one solution solves this problem: By consolidating all your data into one financial application, Sidekick will give you realistic recommendations based on your unique financial circumstance. That means you no longer have to spend hours scouring Reddit threads and Google to attempt to get a definitive answer on your specific financial question — unless you want to (I still love Reddit). For example, Sidekick can now not only give you a comprehensive review of your spending, but can also guide you through how and why to set up an emergency fund, or give you analyses of your portfolio performance. At Origin, we expect this level of AI guidance to be par for the course in a couple of years; we’re just ahead of the curve. # New Home for Advice Sidekick also has a new home, in the advice tab. Here, you’ll be able to track your Sidekick-related financial plans, and also meet with a CFP® for even more personalized and tailored advice. (We believe the combination of human guidance and AI assistance will be uniquely equipped to help you develop your financial plan — and, importantly, stick to it.) # All-In-One Tool for Wealth Building We offer all of these tools through a single subscription fee ($12.99 a month or $99 a year). Since we truly are an all-in-one financial platform — from budgeting and cash flow tracking to estate planning and investing — charging one-off fees for each service would get really complicated (and annoying, to be honest) really quickly. A simple annual or monthly subscription fee charged automatically eliminates a ton of hassle and, most importantly, removes barriers for you to get started using new tools and strategies to grow your wealth. We also charge subscription fees because we’re offering an all-in-one set of best-in-class wealth-building products. (Just ask Forbes, which recently [ranked us as](https://www.forbes.com/sites/jaimecatmull/2024/07/19/budgeting--money-management-in-2024---fintech-apps-will-save-your-economic-future/) the best money management app of 2024.) Like a lot of high-quality services, we think these are well worth the price of admission. Some of our competitors offer free versions of their primary products, but make up for that profit loss by selling customer information to third party companies. After all, if you aren't paying for the product, you are the product. That’s not the way we work at Origin. These AI improvements and investment opportunities are just the beginning for Origin as we continue to expand on our mission to democratize wealth management. This is a powerful step forward and we can’t wait for you to tap into the full potential of these offerings. Give your wealth-building journey a boost and try these new features today. We can’t wait to hear what you think. [Try Origin Today](https://app.useorigin.com/) Disclaimer: \*At the time of writing, The Cash Management Account promotional (APY) is 5.8% as of September 4, 2024. Promotional APY is variable and subject to change at any time without notice. This Promotion is available to eligible new and existing users who open a new Cash Management Account. Receive an increased APY of 5.80% for 90 days on balances up to $50,000. Standard APY applies to higher balances. Account must be funded within 30 days of opening to qualify. Promotion subject to change and may be terminated without notice. Interest forfeited if account closed before the end of the promotional period. Tax liabilities apply. Full terms and conditions apply. Origin investment accounts have 0.00% AUM fees. Expenses charged by our custodian, DriveWealth, may still apply to Origin investment accounts. A list of all possible fees charged by our custodian is presented as part of the account opening process. Advisory services are offered through Origin Advisory Services LLC ("Origin RIA"), a Registered Investment Adviser registered with the Securities and Exchange Commission and a wholly-owned subsidiary of Blend Financial Inc. DBA Origin Financial. Origin RIA's registration as a Registered Investment Adviser does not imply a certain level of skill or training. The information contained herein should in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services. All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Investments in Stock Bundles involve direct ownership of individual stocks and are not managed by Origin Investment Advisory LLC. Stock Bundles are thematic and do not guarantee a diversified portfolio. Stock Bundles are provided for informational purposes only. Stock Bundles are not intended to be personal investment advice or an individualized recommendation. Investing involves risk. Investors should consider their financial situation, risk tolerance, and investment objectives before investing. Past performance is not indicative of future results, and investing in stocks involves the risk of loss, including loss of principal. Each investor is responsible for their investment decisions. Please consult your financial advisor to ensure that any investment meets your specific needs. For additional important risks, disclosures, and information, please visit https://www.useorigin.com/legal. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836297220&cv=11&fst=1741836297220&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fnew-in-origin-investing-savings-and-ai-tools-make-wealth-building-easy-and&hn=www.googleadservices.com&frm=0&tiba=Origin%E2%80%99s%20Investing%20and%20AI%20Guidance%20Make%20Wealth-Building%20Easy%20and%20Approachable&npa=0&pscdl=noapi&auid=1767346202.1741836297&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](about:blank) ## Apple Card Integration We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/apple-card-integration#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/apple-card-integration) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/apple-card-integration) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/apple-card-integration) By Nora Biette-Timmons / Published 9.4.2024 We’re pleased to share that our Apple Card integration is live. You can now connect your Apple accounts to Origin — which was one of our most requested functionalities. To add your existing Apple Card, Apple Cash, or Savings accounts, make sure your iOS and Origin app are up to date. (You can only add these accounts in our mobile app, but once you do, they’ll populate on Origin’s web platform as well.) Then simply enter the relevant info as you would other credit cards and cash or savings accounts. To make sure your spending and savings info remains up to date, head to your iPhone settings and turn on “background app refresh” for Origin. This allows our app to sync with your Apple accounts continuously. And if you’ve already manually added your Apple Card or Savings, make sure to delete those entries, so that you’re not accidentally adding in account balances or pending transactions twice. We’re excited to offer this new service for Apple Card users! If you have any questions or feedback, contact us at hereforyou@useorigin.com. [Connect Apple Card](https://app.useorigin.com/?origin_dialog=account-connection) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836302148&cv=11&fst=1741836302148&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fapple-card-integration&hn=www.googleadservices.com&frm=0&tiba=Origin%20now%20syncs%20with%20Apple%20Cash%2C%20Card%2C%20and%20Savings&npa=0&pscdl=noapi&auid=1360785164.1741836302&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Estate Planning Insights We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/navigating-multiple-marriages-and-estate-planning#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/navigating-multiple-marriages-and-estate-planning) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/navigating-multiple-marriages-and-estate-planning) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/navigating-multiple-marriages-and-estate-planning) By Austin Payne / Published 9.3.2024 Estate planning can be tricky when you or your spouse have had multiple marriages. This is especially true if either of you has children from prior relationships or specific assets you want to keep separate. Traditionally, estate planning involves leaving everything you own to your spouse. However, this could result in your children being excluded from an inheritance. To avoid this situation, consider the following estate planning tips when you or your spouse have had multiple marriages. ## **Estate Planning After Divorce Considerations** Leaving your estate to your spouse outright could result in your children being disinherited. A second spouse might choose to leave some or all of your assets to their own children or other beneficiaries. - To prevent this, consider establishing a spousal trust. This allows your assets to be placed in a trust for the benefit of those you choose. You can designate a trustee or co-trustees to manage the distribution of your estate, providing some money to your children and the income from the trust to your spouse. - Additionally, you can direct the trustee to distribute principal to your surviving spouse for specific expenses like health, education, maintenance, and support. When your spouse passes away, you may choose to have the trust assets revert to your children or other beneficiaries. - Keep in mind that a spouse cannot be completely disinherited and is typically entitled to at least one-third of the deceased spouse’s estate. Disinheriting a spouse is only possible with a prenuptial agreement in which both parties waive their claims to each other’s estate. - It’s also crucial to consider who you want to make your financial and medical decisions if you are unable to do so. Some people prefer their new spouse to make these decisions, while others might want to assign this responsibility to their adult children. ## **Estate Planning for Divorce: Questions to Ask** Discussing estate planning with your spouse is essential, especially if either of you has been married before. Consider these questions: - Do you want to combine assets or keep them separate? - Which specific assets will you hold as individuals versus jointly? - What assets will be left to each of your children? - Will any individual assets be retitled into both of your names? - Are either of you bringing debt into the marriage? - What estate planning documents do each of you currently have? ## **Divorce and Estate Planning Tips** ### **Take Inventory of Your Finances** Immediately take an inventory of your finances with your spouse, including assets and debts. It’s important to review life insurance policies and retirement plans, as these will impact your estate planning. ### **Clear Communication** Once you understand your finances, communicate your wishes for your assets with your spouse and children. This helps avoid surprises and conflicts when settling your estate. Early discussions can prevent confusion and disputes. **Topics to cover with your spouse include:** - Your wishes if you become incapacitated - How you want them to handle matters after you pass away, including how and when to communicate the provisions of your estate plan ### **Update Your Beneficiaries** If you are divorced, review your life insurance policies, annuities, bank accounts, retirement plans, and other assets to ensure your ex-spouse is not listed as the beneficiary (unless you intend for them to be). Verify with all your financial institutions that your beneficiaries are up-to-date and reflect your current wishes. ### **Create a Trust** Trusts can be a useful estate planning tool for blended families. For example, a marital trust goes into effect upon the death of the first spouse. A trust allows you to specify the beneficiaries and the distribution instructions for your estate. ### **Consider a Prenup** Prenuptial agreements can be beneficial, especially for couples marrying later in life. Though they may seem unromantic, prenups are a practical estate planning tool and are customizable. They can waive each spouse's claim to the other's estate. ### **Bring in a Professional** Hiring a financial planner can help mediate estate planning discussions with your spouse. Choose a professional who charges by the hour to ensure objectivity. A good financial planner will help you understand the impact of multiple marriages on your estate plan and overall financial situation. ## **Final Thoughts** Estate planning for blended families can be complex, but it’s possible to protect both your spouse and children with the right strategies. While discussing estate planning with your new spouse may not be the most romantic conversation, it’s a thoughtful way to ensure their needs and wishes are respected. [Take our assessment](https://app.useorigin.com/estate-planning/assessment) Related Articles [Estate Planning\\ \\ Official Guide To The Rules On Gifting](https://www.useorigin.com/resources/blog/official-guide-to-the-rules-on-gifting) [Estate Planning\\ \\ Things To Consider For Children In Your Estate Plan](https://www.useorigin.com/resources/blog/things-to-consider-for-children-in-your-estate-plan) [Estate Planning\\ \\ What Is A Living Trust, And Do I Need One?](https://www.useorigin.com/resources/blog/what-is-a-living-trust-and-do-i-need-one) [Estate Planning\\ \\ The Difference Between A Living Will And Will](https://www.useorigin.com/resources/blog/the-difference-between-a-living-will-and-will) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836302707&cv=11&fst=1741836302707&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c1h1v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102696397~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fnavigating-multiple-marriages-and-estate-planning&hn=www.googleadservices.com&frm=0&tiba=Navigating%20Multiple%20Marriages%20and%20Estate%20Planning&npa=0&pscdl=noapi&auid=428952866.1741836302&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Gift Tax Guide We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/official-guide-to-the-rules-on-gifting#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/official-guide-to-the-rules-on-gifting) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/official-guide-to-the-rules-on-gifting) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/official-guide-to-the-rules-on-gifting) By Austin Payne / Published 8.29.2024 It feels good to give, but getting taxed on your generosity — not so much. While a gift tax exists at the federal level, most people don’t need to worry about it. Although the gift tax rate can be as high as 40%, most people will not end up paying that much. Whether you’re considering gifting money to children or donating to charity, here’s what you need to know. ## **What is the Gift Tax?** The gift tax is a federal tax on the transfer of property from one person to another. It is designed to prevent large transfers of wealth from avoiding estate taxes. As of 2024, you can gift up to $18,000 per year to an individual without incurring gift taxes. You can give this amount to as many people as you wish. However, you cannot give more than $18,000 per year to any one person without potentially incurring taxes. If you exceed the annual exclusion amount, any excess gifts count against your lifetime exclusion amount, which is $13.61 million in 2024. This means you likely won’t pay any gift taxes unless you give away millions of dollars. ## **What is Considered a Gift?** A gift is defined as the transfer of property where nothing is received in return. Gifts that may incur taxes include: - Cash - Real estate - Vehicles - Jewelry - Artwork - Any other item of value ### **Certain donations are not considered gifts, such as:** - Gifts under the annual exclusion amount - Tuition paid directly to an educational institution - Medical expenses paid directly to a medical facility - Gifts to your spouse (if the spouse is a U.S. citizen) - Gifts to political organizations - Charitable donations ## **Who Pays the Gift Tax?** Generally, the person giving the gift (donor) is responsible for paying any gift taxes, not the recipient (donee). Gifts between spouses are typically exempt from gift taxes. Thanks to the annual and lifetime exclusion amounts, gift taxes are not an issue for most people. ## **How Gifting Impacts Different Types of Taxes** ### **Income Tax** Gifts do not affect income tax for either the donor or the recipient. Gift taxes are considered a transfer tax rather than an income tax. The gift is not included in the taxable income of the recipient, and the donor cannot deduct the gift from their income tax return. ### **Estate and Gift Tax** The estate and gift tax system is unified. If a gift exceeds the annual exclusion amount, the donor must report it on a federal gift tax return (IRS Form 709). Gifts over the annual exclusion amount reduce your lifetime exclusion limit. For example, if a donor makes a $118,000 gift in 2024, they must file a federal gift tax return to report using $100,000 of their $13.61 million estate tax exemption. No immediate tax is due, but the gift needs to be recorded. ### **What is the Annual Gift Tax Exclusion?** The annual gift tax exclusion is the amount you can gift to another person each year without incurring gift taxes. As of 2022, this amount is $16,000 per recipient, per year. You can give each of your children, for example, $16,000 annually without exceeding the limit. The exclusion amount resets every year. You can also give the full $16,000 all at once or spread out throughout the year. If you’re married, you and your spouse can collectively give $30,000 to one individual per year without incurring taxes. Gifts exceeding $16,000 to one person must be reported on a gift tax return (IRS Form 709), and any amounts reported will count against your lifetime gift tax exclusion. Filing a gift tax return does not necessarily mean you owe taxes. If taxes are owed, they will be between 18-40% depending on the size of the gift. The purpose of Form 709 is to track gifts that exceed the annual exclusion amount. To avoid gift taxes, stay under both the annual exclusion limit and the lifetime exclusion limit ($12.06 million in 2022). By doing so, you can give without the hassle of filing a gift tax return and potentially owing taxes. ## **Final Thoughts** Unless you give millions of dollars over your lifetime, you likely won’t owe gift taxes. If you exceed the exclusion limits, the gift tax rate could be as high as 40%. If you plan to give significant amounts, it's important to plan ahead for the tax implications. [Get Started](https://app.useorigin.com/sign-up) Related Articles [Estate Planning\\ \\ Things To Consider For Children In Your Estate Plan](https://www.useorigin.com/resources/blog/things-to-consider-for-children-in-your-estate-plan) [Estate Planning\\ \\ What Is A Living Trust, And Do I Need One?](https://www.useorigin.com/resources/blog/what-is-a-living-trust-and-do-i-need-one) [Estate Planning\\ \\ The Difference Between A Living Will And Will](https://www.useorigin.com/resources/blog/the-difference-between-a-living-will-and-will) [Estate Planning\\ \\ Estate Planning After Getting A Divorce](https://www.useorigin.com/resources/blog/estate-planning-after-getting-a-divorce) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836302303&cv=11&fst=1741836302303&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fofficial-guide-to-the-rules-on-gifting&hn=www.googleadservices.com&frm=0&tiba=Official%20Guide%20To%20The%20Rules%20On%20Gifting&npa=0&pscdl=noapi&auid=632119797.1741836302&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Estate Planning for Children We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/things-to-consider-for-children-in-your-estate-plan#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/things-to-consider-for-children-in-your-estate-plan) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/things-to-consider-for-children-in-your-estate-plan) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/things-to-consider-for-children-in-your-estate-plan) By Austin Payne / Published 8.27.2024 There are many decisions that parents must make when creating and maintaining their estate plan. If you have children, many of these decisions will involve them. These decisions include whether to treat your children equally, whether their inheritance should be immediately accessible or held in a trust and who should be listed on powers of attorney and health care documents to make decisions on your behalf if you’re unable to do so. ## **When Your Children Are Minors** **There are three critical considerations for your estate plan when your children are minors:** - **1\. Designate a Legal Guardian:** Decide who will be the legal guardian for your minor children if you pass away before they reach adulthood. - **2\. Select a Trustee:** Choose a trustee to manage any inheritance left for your young children while they are still minors. - **3\. Determine Inheritance Timing:** Decide when your children should receive their inheritance. You could specify certain ages, set up monthly payments, or give the trustee discretion to determine when your children can handle their inheritance. ## **When Your Children Are Young Adults** **As your children reach young adulthood, consider:** - **1\. Maturity of Handling Inheritance:** Evaluate whether your young adult children are mature enough to manage an inheritance directly or if it should be held in a trust until they are older. - **2\. Roles in Estate Planning:** Decide if you want your young adult children to serve as executor, power of attorney agent, or make health care decisions if you can’t. ## **When Your Children Are Responsible Adults** **If your children are established and responsible adults, you might consider:** - **1\. Simplifying the Estate Settlement:** Set up your estate plan to avoid the burdens of the court-controlled probate process and allow your children to settle your estate more conveniently. - **2\. Roles and Decision-Making:** Decide whether to appoint one of your adult children as the sole executor, trustee, or agent on your power of attorney or whether to involve multiple children in these roles. Determine if they need to work jointly or if any of them can make decisions independently. ## **To Sum It Up** One of the final gifts you give your children will be the estate plan you establish. When creating and maintaining your estate plan, consider how your decisions will impact your children’s long-term well-being. Have meaningful conversations with your children about your decisions, as understanding your reasons can help them accept and support your choices. This will facilitate a smoother transition of assets and values from one generation to the next. [Take our assessment](https://app.useorigin.com/estate-planning/assessment) Related Articles [Estate Planning\\ \\ What Is A Living Trust, And Do I Need One?](https://www.useorigin.com/resources/blog/what-is-a-living-trust-and-do-i-need-one) [Estate Planning\\ \\ The Difference Between A Living Will And Will](https://www.useorigin.com/resources/blog/the-difference-between-a-living-will-and-will) [Estate Planning\\ \\ Estate Planning After Getting A Divorce](https://www.useorigin.com/resources/blog/estate-planning-after-getting-a-divorce) [Estate Planning\\ \\ How To Avoid Probate](https://www.useorigin.com/resources/blog/how-to-avoid-probate-court) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836303173&cv=11&fst=1741836303173&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102308675~102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fthings-to-consider-for-children-in-your-estate-plan&hn=www.googleadservices.com&frm=0&tiba=Things%20To%20Consider%20For%20Children%20In%20Your%20Estate%20Plan&npa=0&pscdl=noapi&auid=801533763.1741836303&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Understanding Living Trusts We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/what-is-a-living-trust-and-do-i-need-one#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/what-is-a-living-trust-and-do-i-need-one) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/what-is-a-living-trust-and-do-i-need-one) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/what-is-a-living-trust-and-do-i-need-one) By Austin Payne / Published 8.22.2024 A living trust is one of the best ways to provide for your loved ones after you pass away. It can simplify estate settlement for your beneficiaries, but, like any legal tool, it comes with its own set of pros and cons. Here’s a closer look at living trusts to help you determine if they are right for you. ## **What is a Living Trust?** A living trust is a legal document you create during your lifetime to specify how your estate should be managed and distributed after your death. **In this arrangement:** - You (the grantor or trustor) establish the trust. - A trustee is designated to manage the trust's assets for the benefit of your beneficiaries. - The trustee is held to a fiduciary standard, meaning they must manage the assets with the best interests of the beneficiaries in mind. Without an estate plan, state law determines how your estate is distributed through probate, which can be stressful and time-consuming for your heirs. ## **Irrevocable Trust vs. Revocable Trust** Living trusts come in two main types: irrevocable and revocable. Each has its own advantages and disadvantages. ### **Characteristics of an Irrevocable Living Trust** - **No Changes Without Court Approval:** Once established, changes to the trust typically require a court order unless all parties agree. - **Estate Tax Benefits:** Assets transferred into an irrevocable trust are not included in your taxable estate, potentially reducing estate taxes. - **Creditor Protection:** Assets in an irrevocable trust might be protected from some creditors. ### **Characteristics of a Revocable Living Trust** - **Flexibility:** The grantor can revoke or modify the trust at any time during their lifetime. - **Becomes Irrevocable Upon Death:** After your death, the trust cannot be changed. - **No Tax Benefits:** Assets in a revocable trust are included in your taxable estate, offering no special tax advantages. ## **What Assets Can You Put into a Trust?** You can transfer a variety of assets into a trust, including: - Real estate - Bank accounts (checking, savings, CDs, etc.) - Stocks and bonds - Business interests - Safe deposit boxes - Non-retirement (brokerage) investment accounts - Annuities Keep in mind that you must transfer each asset from your name to the name of the trust. This process can be detailed and may involve working with financial institutions. ## **Living Trust vs. Will** A will and a living trust both allow you to transfer assets to your heirs, but they operate differently: - **Wills** go into effect only after your death and require probate, which can be a lengthy and costly process. - **Living Trusts** can be used during your lifetime and after your death, bypassing probate. A successor trustee manages and distributes the assets according to your instructions. ## **Living Trusts and Minor Children** If you have minor children, a living trust can be particularly useful: - **Manage Inheritance:** The trustee can manage and distribute assets to minors according to your instructions, avoiding court-appointed guardians. - **Avoid Conservatorship:** In case of your incapacity, the trustee can manage your affairs without the need for a conservatorship. ## **Do I Need a Living Trust?** **Consider a living trust if:** - You want to simplify estate settlement and avoid the probate process. - You wish to streamline the distribution of your estate. - You want to designate a successor trustee for asset management if you become incapacitated or pass away. - You want beneficiaries to have quick and easy access to their inheritance. - You wish to manage the inheritance for one or more heirs through a trust even after your death. ## **Final Thoughts** A living trust provides peace of mind by ensuring your loved ones are taken care of according to your wishes. It can streamline estate settlement and give you control over how your assets are distributed. Your legacy is important, so it’s essential to plan accordingly. [Get Started](https://app.useorigin.com/sign-up) Related Articles [Estate Planning\\ \\ The Difference Between A Living Will And Will](https://www.useorigin.com/resources/blog/the-difference-between-a-living-will-and-will) [Estate Planning\\ \\ Estate Planning After Getting A Divorce](https://www.useorigin.com/resources/blog/estate-planning-after-getting-a-divorce) [Estate Planning\\ \\ How To Avoid Probate](https://www.useorigin.com/resources/blog/how-to-avoid-probate-court) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836302720&cv=11&fst=1741836302720&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fwhat-is-a-living-trust-and-do-i-need-one&hn=www.googleadservices.com&frm=0&tiba=What%20Is%20A%20Living%20Trust%2C%20And%20Do%20I%20Need%20One%3F&npa=0&pscdl=noapi&auid=1912519123.1741836302&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Living Will vs. Last Will We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/the-difference-between-a-living-will-and-will#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/the-difference-between-a-living-will-and-will) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/the-difference-between-a-living-will-and-will) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/the-difference-between-a-living-will-and-will) By Austin Payne / Published 8.20.2024 Many Americans believe estate planning is synonymous with just having a will. However, estate planning encompasses much more than simply drafting a will. It involves evaluating your priorities, implementing strategies, and preparing legal documents to protect your assets and ensure your wishes are fulfilled. Here’s a breakdown of the differences between a living will and a last will and testament. ## **What’s Included in a Living Will?** A living will allows you to make decisions about your medical care in advance, particularly concerning life-sustaining procedures. It provides instructions to your healthcare providers regarding: - **Withholding or Withdrawing Treatment:** You can specify whether you want life-sustaining treatments to be withheld or withdrawn if you are terminally ill or in an irreversible condition. - **Advance Healthcare Directive:** In some states, life-sustaining decisions are included within an advance healthcare directive. Many people find peace of mind in signing a living will as it helps them avoid the distress of being kept alive through artificial means when there is no hope for recovery. ## **What’s Included in a Last Will & Testament?** A last will and testament, commonly known as a will, outlines how your assets should be distributed after your death. A well-prepared will can: - **Designate Asset Recipients:** Specify who will receive particular assets from your estate. - **Distribute Residual Estate:** Decide who gets the remainder of your estate after specific assets have been addressed. - **Appoint an Executor:** Choose an executor to manage your estate and specify their powers. - **Name a Guardian:** Designate a guardian for any minor children you have. - **Create Trusts:** Allocate assets to one or more trusts as part of your estate plan. Having a will gives you control over how your estate is divided. Without one, state laws determine the distribution of your assets. ## **Living Will vs. Last Will & Testament** Although their names are similar, a living will and a last will and testament serve different purposes: - **Living Will:** Specifies your preferences for medical treatment and life-sustaining procedures if you are unable to communicate your wishes. - **Last Will & Testament:** Details how your assets and property should be distributed after your death and includes other provisions such as guardianship for minor children. ## **Ready to Get Started?** Understanding the difference between a living will and a last will and testament is crucial for effective estate planning. If you're ready to set up these important documents, or if you need further guidance, consider working with a professional or using online resources to start your estate planning journey. [Take our assessment](https://app.useorigin.com/estate-planning/assessment) Related Articles [Estate Planning\\ \\ Estate Planning After Getting A Divorce](https://www.useorigin.com/resources/blog/estate-planning-after-getting-a-divorce) [Estate Planning\\ \\ How To Avoid Probate](https://www.useorigin.com/resources/blog/how-to-avoid-probate-court) [Estate Planning\\ \\ Estate Planning Tips for Single Parents](https://www.useorigin.com/resources/blog/estate-planning-tips-for-single-parents) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836303176&cv=11&fst=1741836303176&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fthe-difference-between-a-living-will-and-will&hn=www.googleadservices.com&frm=0&tiba=The%20Difference%20Between%20A%20Living%20Will%20And%20Will&npa=0&pscdl=noapi&auid=49687182.1741836303&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Personal Finance Apps 2024 We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/origins-state-of-personal-finance-apps-2024#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/origins-state-of-personal-finance-apps-2024) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/origins-state-of-personal-finance-apps-2024) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/origins-state-of-personal-finance-apps-2024) By Origin / Published 8.16.2024 In our effort to bring DIY wealth management to the masses, Origin surveyed over 1,000 US-based Gen Z and Millennials to understand how they handle their finances and build their wealth. Here’s what we found: # Q1. How many personal finance apps do you currently use? | | | | | --- | --- | --- | | Answer Choices | Responses | | | 1 | 14.76% | 156 | | 2-3 | 41.82% | 442 | | 4-5 | 29.90% | 316 | | 6-7 | 10.12% | 107 | | 8+ | 3.41% | 36 | | | **Total** | **1057** | # Q2. Please check every kind of personal finance app you actually have installed on your phone — even if you don’t use it. | | | | | --- | --- | --- | | Answer Choices | Responses | | | Investing | 55.53% | 587 | | Budgeting | 42.19% | 446 | | Credit Monitoring | 42.48% | 449 | | Taxes | 25.17% | 266 | | Financial advice | 19.49% | 206 | | Subscription monitoring / tracking / elimination | 12.58% | 133 | | Credit Card | 53.74% | 568 | | Banking (checking + savings) | 61.12% | 646 | | Crypto Trading | 19.02% | 201 | | Crypto Wallet | 17.31% | 183 | | 401K | 20.15% | 213 | | Other (please specify) | 1.14% | 12 | | | **Total** | **1057** | # Q3. Which personal finance apps do you still use regularly? (Select all that apply) | | | | | --- | --- | --- | | Answer Choices | Responses | | | Credit Karma | 47.40% | 501 | | Mint | 20.91% | 221 | | Origin | 19.68% | 208 | | Robinhood | 29.42% | 311 | | Coinbase | 22.14% | 234 | | Acorns | 13.91% | 147 | | Chase | 33.87% | 358 | | Wealthfront | 11.92% | 126 | | Fidelity | 25.35% | 268 | | Chime | 15.23% | 161 | | Other (please specify) | 18.73% | 198 | | | **Total** | **1057** | # Q4. Have you deleted any personal finance apps in the past 6 months? | | | | | --- | --- | --- | | Answer Choices | Responses | | | Yes | 46.74% | 494 | | No | 53.26% | 563 | | | **Total** | **1057** | # Q5. How many personal finance apps have you deleted in the past 6 months? | | | | | --- | --- | --- | | Answer Choices | Responses | | | 1 | 20.45% | 101 | | 2-3 | 42.31% | 209 | | 4-5 | 32.79% | 162 | | 6+ | 4.45% | 22 | | | **Total** | **494** | # Q6. What was the main reason for deleting these personal finance apps? | | | | | --- | --- | --- | | Answer Choices | Responses | | | Too many apps to manage | 43.72% | 216 | | Lack of useful features | 25.91% | 128 | | Privacy/security concerns | 16.60% | 82 | | Switching to a different app | 11.94% | 59 | | To save money | 1.82% | 9 | | | **Total** | **494** | # Q7. Do you think you have too many disjointed personal finance apps (crypto, banking, budgeting, taxes, investing, etc.) and want to get rid of some of them? | | | | | --- | --- | --- | | Answer Choices | Responses | | | Yes | 52.65% | 556 | | No | 47.35% | 500 | | | **Total** | **1056** | # Q8. How dissatisfied are you with your current mix of personal finance apps? | | | | | --- | --- | --- | | Answer Choices | Responses | | | Very dissatisfied | 3.22% | 34 | | Dissatisfied | 6.16% | 65 | | Neutral | 40.34% | 426 | | Satisfied | 27.18% | 287 | | Very satisfied | 23.11% | 244 | | | **Total** | **1056** | # Q9. Do you have a financial plan? | | | | | --- | --- | --- | | Answer Choices | Responses | | | No | 33.33% | 352 | | Yes | 66.67% | 704 | | | **Total** | **1056** | # Q10. Why not? | | | | | --- | --- | --- | | Answer Choices | Responses | | | I don’t need one | 21.31% | 75 | | Too expensive to create | 17.61% | 62 | | I’m intimidated by the process | 40.06% | 141 | | I don’t know what a financial plan is | 15.91% | 56 | | Other (please specify) | 5.11% | 18 | | | **Total** | **352** | # Q11. Have you worked with a financial planner, financial advisor, or wealth manager? | | | | | --- | --- | --- | | Answer Choices | Responses | | | Yes to any of the above | 61.22% | 431 | | No - I built the plan myself | 36.65% | 258 | | No - I leveraged AI | 2.13% | 15 | | | **Total** | **704** | # Q12. How has your net worth grown since working with a financial planner? | | | | | --- | --- | --- | | Answer Choices | Responses | | | 0% | 1.40% | 6 | | 10% | 8.62% | 37 | | 20% | 9.79% | 42 | | 30% | 12.59% | 54 | | 40% | 9.79% | 42 | | 50% | 23.78% | 102 | | 60% | 5.83% | 25 | | 70% | 6.06% | 26 | | 80% | 8.62% | 37 | | 90% | 4.20% | 18 | | 100% | 9.32% | 40 | | | **Total** | **429** | # Q13. What was it that they did that helped you grow your net worth? (Select all that apply) | | | | | --- | --- | --- | | Answer Choices | Responses | | | Provided investment recommendations | 69.14% | 307 | | Provided budgeting recommendations | 47.75% | 212 | | Cut unnecessary expenses | 43.92% | 195 | | Smarter tax planning | 34.23% | 152 | | Outlined a savings plan | 34.91% | 155 | | Provided debt management recommendations | 30.86% | 137 | | Helped you plan your finances with a partner | 23.87% | 106 | | Other (please specify) | 1.35% | 6 | | | **Total** | **444** | # Q14. In your estimation, what’s your net worth? | | | | | --- | --- | --- | | Answer Choices | Responses | | | $50,000 - $100,000 | 30.61% | 322 | | $101,000 - $150,000 | 10.08% | 106 | | $151,000 - $200,000 | 7.79% | 82 | | $201,000 - $250,000 | 7.32% | 77 | | $251,000 - $300,000 | 4.66% | 49 | | $301,000 - $350,000 | 5.80% | 61 | | $351,000 - $400,000 | 3.23% | 34 | | $401,000 - $450,000 | 3.80% | 40 | | $451,000 - $500,000 | 6.65% | 70 | | $501,000 - $750,000 | 6.94% | 73 | | $751,000 - $999,999 | 5.99% | 63 | | $1M - $1.5M | 4.94% | 52 | | $2M - $2.5M | 1.14% | 12 | | $3M+ | 1.05% | 11 | | | **Total** | **1052** | # Q15. What are the biggest challenges you face when building your wealth? (Select all that apply) | | | | | --- | --- | --- | | Answer Choices | Responses | | | Not earning enough income | 48.00% | 505 | | High cost of living | 66.06% | 695 | | Managing debt | 38.21% | 402 | | Lack of financial knowledge | 27.95% | 294 | | Unpredictable market conditions | 27.28% | 287 | | Inconsistent savings habits | 19.96% | 210 | | High taxes | 30.51% | 321 | | Balancing current expenses with future savings | 24.14% | 254 | | Limited investment options | 12.64% | 133 | | Poor financial planning/advice | 11.50% | 121 | | Managing finances with a partner | 11.03% | 116 | | | **Total** | **1052** | # Q16. How much of your paycheck do you save on average? | | | | | --- | --- | --- | | Answer Choices | Responses | | | less than 5% | 21.96% | 231 | | 5-10% | 30.80% | 324 | | 11-20% | 29.66% | 312 | | More than 20% | 17.59% | 185 | | | **Total** | **1052** | # Q17. How frequently do you invest your money? | | | | | --- | --- | --- | | Answer Choices | Responses | | | Monthly | 50.38% | 530 | | Quarterly | 22.24% | 234 | | Annually | 9.98% | 105 | | Rarely/Never | 17.40% | 183 | | | **Total** | **1052** | # Q18. What type of investment accounts do you have? (Select all that apply) | | | | | --- | --- | --- | | Answer Choices | Responses | | | 401K | 64.54% | 679 | | IRA | 42.97% | 452 | | Index funds | 31.65% | 333 | | ETFs | 22.62% | 238 | | Individual stocks | 33.27% | 350 | | Other (please specify) | 9.32% | 98 | | | **Total** | **1052** | # Q19. How many different institutions do you have money with across investments, banking, savings, crypto, 401Ks, etc? | | | | | --- | --- | --- | | Answer Choices | Responses | | | 1 | 13.40% | 141 | | 2 | 18.35% | 193 | | 3 | 21.01% | 221 | | 4 | 14.92% | 157 | | 5 | 11.79% | 124 | | 6 | 4.94% | 52 | | 7 | 3.80% | 40 | | 8 | 2.66% | 28 | | 9 | 3.14% | 33 | | 10+ | 5.99% | 63 | | | **Total** | **1052** | # Q20. How aware are you of the fees associated with your investment accounts (e.g., assets under management (AUM) fees)? | | | | | --- | --- | --- | | Answer Choices | Responses | | | Very aware | 43.54% | 458 | | Somewhat aware | 43.44% | 457 | | Not aware | 13.02% | 137 | | | **Total** | **1052** | # Q21. If AI could help you budget, invest and manage your finances such that you’re on a path toward building long-term wealth, would you want to use it? | | | | | --- | --- | --- | | Answer Choices | Responses | | | Yes | 69.01% | 726 | | No | 30.99% | 326 | | | **Total** | **1052** | # Survey Methodology ## Age | | | | | --- | --- | --- | | Answer Choices | Responses | | | < 18 | 0.00% | 0 | | 18-29 | 25.38% | 267 | | 30-44 | 32.13% | 338 | | 45-60 | 33.17% | 349 | | \> 60 | 9.32% | 98 | ## Device Type | | | | | --- | --- | --- | | Answer Choices | Responses | | | iOS Phone / Tablet | 46.29% | 487 | | Android Phone / Tablet | 52.28% | 550 | | Other Phone / Tablet | 0.00% | 0 | | Windows Desktop / Laptop | 1.24% | 13 | | MacOS Desktop / Laptop | 0.19% | 2 | | Other | 0.00% | 0 | ## Gender | | | | | --- | --- | --- | | Answer Choices | Responses | | | Male | 47.72% | 502 | | Female | 52.28% | 550 | | Non-binary | 0.00% | 0 | | A gender not listed here | 0.00% | 0 | | Prefer not to answer | 0.00% | 0 | ## Household Income | | | | | --- | --- | --- | | Answer Choices | Responses | | | $0-$9,999 | 0.00% | 0 | | $10,000-$24,999 | 0.00% | 0 | | $25,000-$49,999 | 0.00% | 0 | | $50,000-$74,999 | 27.09% | 285 | | $75,000-$99,999 | 25.38% | 267 | | $100,000-$124,999 | 18.06% | 190 | | $125,000-$149,999 | 10.93% | 115 | | $150,000-$174,999 | 11.79% | 124 | | $175,000-$199,999 | 6.75% | 71 | | $200,000+ | 0.00% | 0 | | Prefer not to answer | 0.00% | 0 | ## Region | | | | | --- | --- | --- | | Answer Choices | Responses | | | East North Central | 13.03% | 135 | | East South Central | 3.86% | 40 | | Middle Atlantic | 32.63% | 338 | | Mountain | 5.41% | 56 | | New England | 3.86% | 40 | | Pacific | 13.03% | 135 | | South Atlantic | 17.08% | 177 | | West North Central | 3.67% | 38 | | West South Central | 7.43% | 77 | [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836302426&cv=11&fst=1741836302426&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Forigins-state-of-personal-finance-apps-2024&hn=www.googleadservices.com&frm=0&tiba=Origin's%20State%20of%20Personal%20Finance%202024%20%7C%20Origin&npa=0&pscdl=noapi&auid=1998549934.1741836302&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Creating Your Will We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/creating-your-last-will-and-testament-a-simple-guide#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/creating-your-last-will-and-testament-a-simple-guide) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/creating-your-last-will-and-testament-a-simple-guide) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/creating-your-last-will-and-testament-a-simple-guide) By Austin Payne / Published 8.15.2024 A last will and testament is one of the most important documents you can create. It specifies who inherits your assets after your passing. Without a will, the state you live in will decide how your estate is distributed. Fortunately, making a will doesn’t have to be complex or costly. Here are three easy steps to help you complete your will: ## **Step 1: Reflect on What and Who Matters to You** Consider who you want to inherit your estate. Would you prefer to divide your estate equally among your children, or allocate specific assets to particular beneficiaries? Create a list of your assets and decide who should receive each one. Also, choose an executor—someone who will manage your estate after your death. If you have minor children, think about who you would want to raise them if you were no longer able to. ## **Step 2: Create Your Will Now, Even if You’re Unsure (You Can Always Revise It Later)** Whether you work with an attorney or use an online tool, answer all the questions provided to tailor your will to your needs. If you find a question challenging, provide your initial answer and revisit it later if needed. You can always update or create a new will in the future. ## **Step 3: Make It Official** Sign your will according to your state's legal requirements. This may involve having your signature notarized or witnessed. Store your will in a secure place and inform your executor of its location. Given life’s uncertainties, it’s crucial to draft your first will as you begin accumulating assets. Since life circumstances can change, review and update your will annually or after significant life events. Proper planning will help your family carry out your wishes smoothly and without unnecessary conflict. [Get Started](https://app.useorigin.com/sign-up) Related Articles [Estate Planning\\ \\ Do I Need An Estate Plan If I'm Not Wealthy?](https://www.useorigin.com/resources/blog/do-i-need-an-estate-plan-if-im-not-wealthy) [Estate Planning\\ \\ How To Fund A Trust](https://www.useorigin.com/resources/blog/how-to-fund-a-trust-basics) [Estate Planning\\ \\ How to Notarize Your Will: A Step-by-Step Guide](https://www.useorigin.com/resources/blog/how-to-notarize-your-will-a-step-by-step-guide) [Estate Planning\\ \\ How To Create A Living Trust](https://www.useorigin.com/resources/blog/how-to-create-a-living-trust) [Estate Planning\\ \\ Estate Planning After Getting A Divorce](https://www.useorigin.com/resources/blog/estate-planning-after-getting-a-divorce) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836302807&cv=11&fst=1741836302807&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fcreating-your-last-will-and-testament-a-simple-guide&hn=www.googleadservices.com&frm=0&tiba=Creating%20Your%20Last%20Will%20and%20Testament%3A%20A%20Simple%20Guide&npa=0&pscdl=noapi&auid=537483193.1741836303&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Estate Planning Essentials We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/do-i-need-an-estate-plan-if-im-not-wealthy#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/do-i-need-an-estate-plan-if-im-not-wealthy) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/do-i-need-an-estate-plan-if-im-not-wealthy) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/do-i-need-an-estate-plan-if-im-not-wealthy) By Austin Payne / Published 8.13.2024 While estate planning is often associated with the rich, everyone can benefit from putting their legal affairs in order - even if you’re not wealthy. ## **Here’s why** - **You make the decisions, not the government:** Without an estate plan, your state legislature decides who gets your assets and, if you have minor children, who will care for them. In addition, without estate planning, the state courts will typically pass on any assets you own at your death to your closest relatives, even if that would not have been your choice. - **Estate planning lets you include specific people in specific roles:** Another critical part of estate planning involves creating legal documents allowing specific people in your life to manage your financial affairs and make your health care decisions while you are alive but incapacitated. By identifying these people in legal documents, you avoid making that don’t align with your beliefs and goals. - **Asset inventory helps you organize your stuff and prepare your family:** A positive byproduct of estate planning is that it encourages you to create an inventory of your assets and where they are. This inventory makes it easier for your family upon your incapacity or death. Your loved ones will have a complete outline at their fingertips and won’t be forced to search high and low for what you have or don’t have. You can start your estate plan without having this asset inventory, and you can update your inventory over time while storing it in a place that would be accessible to your executor or trustee upon your death. - **Why create an estate plan?** Estate planning gives your family a roadmap to follow when you die or become incapable, covering your distribution instructions regarding things big or small and designating who will have the authority to oversee that your wishes are honored. Failing to address your estate may result in wishes not being followed or forcing those closest to you to have to deal with an administrative mess. You do not need to be wealthy to protect your family and assets with a comprehensive estate plan. Today, with online estate planning tools, creating an estate plan that can work for you and your family is both low-cost and accessible to everyone. [Take our assessment](https://app.useorigin.com/estate-planning/assessment) Related Articles [Estate Planning\\ \\ How To Fund A Trust](https://www.useorigin.com/resources/blog/how-to-fund-a-trust-basics) [Estate Planning\\ \\ How to Notarize Your Will: A Step-by-Step Guide](https://www.useorigin.com/resources/blog/how-to-notarize-your-will-a-step-by-step-guide) [Estate Planning\\ \\ How To Create A Living Trust](https://www.useorigin.com/resources/blog/how-to-create-a-living-trust) [Estate Planning\\ \\ Estate Planning After Getting A Divorce](https://www.useorigin.com/resources/blog/estate-planning-after-getting-a-divorce) [Estate Planning\\ \\ Estate Planning Tips for Single Parents](https://www.useorigin.com/resources/blog/estate-planning-tips-for-single-parents) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836303574&cv=11&fst=1741836303574&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fdo-i-need-an-estate-plan-if-im-not-wealthy&hn=www.googleadservices.com&frm=0&tiba=Do%20I%20Need%20An%20Estate%20Plan%20If%20I'm%20Not%20Wealthy%3F&npa=0&pscdl=noapi&auid=2118860087.1741836303&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Funding Your Trust Basics We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-to-fund-a-trust-basics#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-to-fund-a-trust-basics) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-to-fund-a-trust-basics) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-to-fund-a-trust-basics) By Austin Payne / Published 8.8.2024 Congratulations on Setting Up a Trust! Here’s What You Need to Do Next Congratulations on setting up a trust! This is a significant step towards ensuring a smooth estate settlement process for your heirs. However, establishing your trust is just the beginning. To fully benefit from your trust, you must fund it. Skipping this crucial step means you miss out on the protections and advantages of having a trust. We understand that funding your trust can seem overwhelming, so we’ve created this guide to simplify the process. Before diving into the steps for funding your trust, let’s define a few key terms. ## **What Is a Trust?** A trust is a popular estate planning tool that allows you to transfer property to a third party, known as the “trustee.” It’s crucial to choose a reliable trustee, as they will be responsible for ensuring your assets are distributed according to your wishes. People often create trusts to protect and manage wealth for minors, disabled children, or even pets. Trusts offer flexibility and customization; for example, you can decide when your children will receive their inheritance and spread out the distributions to avoid a large lump sum. With certain types of trusts, like a Living Trust, you retain control over the assets you transfer into the trust. ## **What Is a Living Trust?** A Living Trust, also known as a Revocable Trust, allows you to manage your assets while you’re alive and after your death. This type of trust is popular because it offers more control and flexibility compared to irrevocable trusts, which generally cannot be altered without the beneficiaries' consent. ## **Living Trust vs. Will** Both Living Trusts and wills serve to specify how your assets should be distributed after you die. However, a key advantage of a Living Trust is that it allows your assets to pass directly to your beneficiaries without going through probate—a process that can be lengthy and costly. If you only have a will, your property will go through your state’s probate process, which can delay the distribution of your estate. ## **What Are the Benefits of Funding a Trust?** There are several advantages to establishing and funding a trust: - **Avoiding probate:** A trust allows your assets to bypass probate court, which can be costly and time-consuming. - **Control over wealth distribution:** Trusts offer flexibility in how and when your assets are distributed to your heirs. - **Privacy:** A trust keeps your financial matters private, avoiding public disclosure through probate. ## **What Does Funding a Trust Mean?** Funding a trust involves transferring ownership of your personal assets to the trust. This step is essential because if you don’t retitle your assets in the trust’s name, you won’t achieve the goal of avoiding probate. Funding your trust ensures that your assets are protected and managed according to your wishes. ## **How to Fund a Trust** Funding a trust can be straightforward, though the process varies depending on the type of asset. If your estate attorney provided a list of assets to retitle, start with that list and complete the necessary paperwork. ### **Typical assets transferred into trusts include:** - Real estate - Bank accounts and CDs - Brokerage accounts (non-retirement investment accounts) - Patents - Business interests - Collectibles or other valuable items ### **Funding a Trust with Bank Accounts** To transfer bank and non-retirement investment accounts into your trust, you must retitle the accounts from your name to the trust’s name. This usually involves completing a trust application form and providing proof of the trust’s existence, such as a “Certificate of Trust.” Contact your bank or financial institution for specific requirements, or seek assistance from a legal service or attorney. ### **Funding a Trust with Real Estate** Funding a trust with real estate involves signing a deed to transfer the property into the trust’s name. Requirements can vary, so check with your county for the necessary paperwork. Transferring real estate into a trust is especially beneficial if you own property in multiple states, as it avoids probate in each state. ## **What Assets Don’t Go Into My Trust?** Some assets should not be transferred into a trust, including: - Retirement accounts - Life insurance policies - Annuities These assets typically avoid probate due to beneficiary designations, which allow them to pass directly to the designated beneficiary upon your death. ## **What Happens if I Don’t Fund My Trust?** Your trust can manage and protect your assets and help you avoid probate, but only if it is properly funded. Without transferring your assets into the trust, you won’t achieve the full benefits of having a trust. ## **The Bottom Line** Funding a trust might seem daunting, but it’s crucial for ensuring your loved ones can avoid the complexities of probate. Assets in your living trust can be distributed directly to your beneficiaries outside of probate. You can transfer your financial accounts and real estate to your trust without significant costs by working with your financial institutions and local authorities. [Get Started](https://app.useorigin.com/sign-up) Related Articles [Estate Planning\\ \\ How To Avoid Probate](https://www.useorigin.com/resources/blog/how-to-avoid-probate-court) [Estate Planning\\ \\ Are Heirs Responsible For Credit Card Debt Of A Deceased Person?](https://www.useorigin.com/resources/blog/are-heirs-responsible-for-credit-card-debt-of-a-deceased-person) [Estate Planning\\ \\ 10 Costly Errors That Executors Make](https://www.useorigin.com/resources/blog/10-costly-errors-that-executors-make) [Estate Planning\\ \\ 401k Beneficiaries vs Will Beneficiaries: Which Document Wins?](https://www.useorigin.com/resources/blog/401k-beneficiaries-vs-will-beneficiaries-which-document-wins) [Personal Finance\\ \\ Understanding Employee Equity: The Basics of Terms, Taxes, and Selling](https://www.useorigin.com/resources/blog/understanding-employee-equity-taxes-selling) [Estate Planning\\ \\ 3 Estate Planning Mistakes (And How To Avoid Them)](https://www.useorigin.com/resources/blog/3-estate-planning-mistakes-and-how-to-avoid-them) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836302633&cv=11&fst=1741836302633&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-to-fund-a-trust-basics&hn=www.googleadservices.com&frm=0&tiba=How%20To%20Fund%20A%20Trust&npa=0&pscdl=noapi&auid=509864780.1741836302&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Questions for CFPs We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/what-to-ask-a-cfp#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/what-to-ask-a-cfp) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/what-to-ask-a-cfp) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/what-to-ask-a-cfp) Published 8.7.2024 Some people have their eyes on the wealth-building prize right from the jump: the people who’ve been on [personal finance Reddit](https://www.reddit.com/r/personalfinance/) since high school; the business majors who leave undergrad with a business plan _and_ a personal finance plan; the children of finance professionals who were taught the importance of financial planning from an early age. But that still leaves out many of us wondering how we get from where we are to where we want to be, financially. Only [about 50%](https://www.weforum.org/agenda/2024/04/financial-literacy-money-education/) of Americans are financially literate—and even those who have personal finance knowledge often aren’t taking advantage of it. (For example, according to a 2023 [MarketWatch survey](https://www.marketwatch.com/guides/banking/financial-literacy-statistics/), 70% of Americans who know about 401(k)s don’t have one.) For those of us who mostly understand personal finance basics like savings, earnings, and risk, it’s still hard to step back, zoom out, and examine our larger financial situation. That’s where the dedicated expertise of a financial adviser comes in handy. A lot of personal finance professionals fulfill very specific roles—like tax preparers or investment advisers—but Certified Financial Planners™ can assist and advise on a variety of personal financial topics, from estate planning to investment strategy to homebuying. (CFP® is a registered trademark to indicate that the person in question has undergone the rigorous training set by the CFP® Board of Standards.) According to Matt Shapiro, a CFP® and Origin’s Product Strategist, “the main benefit” of working with a CFP®, is realizing “the blind spots” we aren’t aware of. These “come up all the time,” he says. Sometimes, it’s as simple as a CFP® realizing you filled out a form with less detail than you could have used, tweaking one or two data entries, and saving you a whole bunch of money by doing very little. But CFP® expertise can cover a broad range of needs: “You can come to a CFP® and ask for a plan: Like, hey, I want to map out the cash flow for the rest of my life and figure out my retirement and putting my kids through college,” Shapiro says. Or maybe you just have a bunch of basic financial questions you’ve never gotten answers for, like: “I want to buy a house in five years, but I just don't understand the process. How does that work? How do you actually buy a house? How does your down payment get combined with a mortgage, and suddenly, you own a house. Like, how does that work?” It’s a CFP®’s job to answer ## **What to keep in mind when looking for a CFP®** The most important things to keep top of mind when deciding on a CFP® are fairly similar: Do they have expertise for dealing with your specific financial situation? (For example, if you have student loans and want to buy a house soon, you want to work with a CFP® who has experience with both of those subjects, rather than someone who, say, specializes in splitting assets.) And, do you feel comfortable with them? Money and finances are sensitive subjects that are often considered taboo to talk about; opening up on these topics may feel a little bit difficult, so trust and comfort are super important. Remember, you’re meeting with a CFP® _for yourself_ and to improve _your_ life. You want this relationship to be fulfilling! ## **How much does a CFP® cost?** CFPs® aren’t free, but there are different ways they charge, some of which may fit your lifestyle better than others. The three main types of CFP® price models are: 1. The hourly rate model, where the CFP® charges a fixed hourly rate and bills the client on a pre-set basis, usually quarterly. 2. The asset-based model, where the CFP® charges a percentage of the client's assets under management (AUM). 3. The commission-based model, where the CFP® earns commissions from selling certain financial products to the client. (This one can be a bit tricky, as it does not necessarily put your interests first. There’s no definitive “good” or “bad” here, but that’s certainly something to keep in mind.) ## **Financial planning the Origin way** The way Origin handles CFPs® is unique in the financial planning space, because it’s part of our broader slate of core wealth-building tools. Most charge thousands, we charge just $119 a session. Origin members have access to Origin’s pre-vetted list of on-staff CFPs®, and when you’re scheduling an appointment, we ask a few questions to make the best match. And if, as time goes on, you need a different CFP® because your situation changes, we’re good about reassigning you—say, for example, your new compensation package comes with employer equity and that’s not your existing CFP’s® area of expertise, just let us know, and we’ll match you with an equity pro. Origin’s CFPs® cover a broad range of needs: “You can come to a CFP® and ask for a plan: Like, hey, I want to map out the cash flow for the rest of my life and figure out my retirement and putting my kids through college,” Shapiro says. Or maybe you just have a bunch of questions: “I want to buy a house in five years, but I just don't understand the process. How does that work? How do you actually buy a house? How does your down payment get combined with a mortgage, and suddenly, you own a house. Like, how does that work?” Sitting down with a certified professional who can answer these questions is really beneficial. “And that applies to most things that involve money,” he added. [Get started with a CFP today.](https://app.useorigin.com/sign-up) Related Articles [Personal Finance\\ \\ Financial Planner vs Financial Advisor](https://www.useorigin.com/resources/blog/financial-planner-vs-financial-advisor-whats-the-difference) [Announcements\\ \\ Sign up for Origin. A note from our CEO.](https://www.useorigin.com/resources/blog/origin-launches-dtc) [Financial Wellness\\ \\ Why diversity, equity, and inclusion matters in financial planning](https://www.useorigin.com/resources/blog/why-diversity-equity-and-inclusion-matters-in-financial-planning) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836308950&cv=11&fst=1741836308950&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fwhat-to-ask-a-cfp&hn=www.googleadservices.com&frm=0&tiba=What%20Does%20a%20Certified%20Financial%20Planner%20Do%2C%20Anyway%3F&npa=0&pscdl=noapi&auid=32763707.1741836309&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Notarizing Your Will Guide We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-to-notarize-your-will-a-step-by-step-guide#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-to-notarize-your-will-a-step-by-step-guide) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-to-notarize-your-will-a-step-by-step-guide) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-to-notarize-your-will-a-step-by-step-guide) By Austin Payne / Published 8.6.2024 A last will and testament is a crucial part of any estate plan. It provides instructions for distributing your wealth after you pass away, ensuring that your legacy is handled according to your wishes. However, creating and signing a will is just the first step. To make your will legally binding and simplify the estate settlement process, you need to notarize it. Here’s how to go about it. ## **What Does It Mean to Notarize a Document?** Notarizing a document is the process of proving its authenticity. A notarized document is witnessed and signed by a notary public—a person appointed by the state to prevent fraud. Notarization adds an extra layer of protection by requiring all parties involved to prove their identity. Essentially, notarizing a document is like swearing an oath that the information contained within it is accurate. ## **Do You Need to Notarize a Will?** Most states do not require a will to be notarized for it to be legally valid. However, notarizing a will can simplify the estate settlement process. When you pass away, your heirs will need to prove the validity of your will through probate, a process that can be complicated and time-consuming. By notarizing your will, you provide proof of its authenticity, potentially making it easier for your heirs to validate it. While notarization is not a requirement in most states, it can ease the probate process for your family. ## **Preparing to Notarize Your Will** Before you get your will notarized, gather all related documents and review them. Here are some tips for preparing: - Review your will to ensure all information is up-to-date. - Make any necessary amendments to your will. - Print your will documents (do not staple or sign them yet). - Identify your witnesses. - Find a notary public. It’s best to make any updates to your will before notarizing it to avoid repeating the process. ## **Where to Notarize a Will** Once you have your documents ready, you need to find a notary public to authenticate your will. Here are some options: - **Use your network:** Many people have a notary in their network. Ask for referrals on social media or among colleagues. - **At-home notary services:** Companies like Signing Agent offer notary services at your home. A quick online search can also find traveling notary services in your area. - **City or town clerk:** Your local clerk’s office may have a notary on staff. Call ahead to check availability. - **Local courthouse:** The local courthouse often provides notary services. Confirm this by calling ahead. - **Local banks:** Many banks offer notary services. Most charge a fee, though it may be free if you have an account with them. - **Law offices:** If an estate attorney helped create your will, their office might have a notary on staff, sometimes for an additional fee. - **UPS store:** Some UPS stores offer notary services. Check with your nearest location for availability. - **Online notary services:** Platforms like Notarize.com offer online notarization in certain states. ## **Witness Preparation** To notarize your will, arrange for two witnesses who are at least 18 years old. Some individuals cannot serve as witnesses, including: - Blood relatives - Relatives by marriage or adoption - Anyone who will inherit from you - Advocates named in your will, such as your executor If you are notarizing a living will, witnesses cannot be relatives by blood, marriage, adoption, or domestic partnership. ## **Sign Your Will** Now that you’ve prepared your will and found a notary, it’s time to finalize the process. Here are some tips for your notary appointment: - Have black pens and a photo ID ready for you and your witnesses. - Choose your first and second witnesses to streamline the signing. - Look for blank lines where initials and signatures are required. - Ensure all documents are signed by both the notary and witnesses where necessary. ## **Build Your Legacy with Confidence** Congratulations! Your will is now valid. The final step is to store your documents securely. Creating and notarizing your will is essential for protecting your legacy and securing your family’s future. With the convenience of online notary services, validating your estate planning documents is easier than ever. Ensuring your will is signed and notarized will ease the process for your loved ones during a challenging time. [Take our assessment](https://app.useorigin.com/estate-planning/assessment) Related Articles [Estate Planning\\ \\ How To Create A Living Trust](https://www.useorigin.com/resources/blog/how-to-create-a-living-trust) [Estate Planning\\ \\ 10 Costly Errors That Executors Make](https://www.useorigin.com/resources/blog/10-costly-errors-that-executors-make) [Estate Planning\\ \\ 401k Beneficiaries vs Will Beneficiaries: Which Document Wins?](https://www.useorigin.com/resources/blog/401k-beneficiaries-vs-will-beneficiaries-which-document-wins) [Personal Finance\\ \\ Understanding Employee Equity: The Basics of Terms, Taxes, and Selling](https://www.useorigin.com/resources/blog/understanding-employee-equity-taxes-selling) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836308875&cv=11&fst=1741836308875&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-to-notarize-your-will-a-step-by-step-guide&hn=www.googleadservices.com&frm=0&tiba=How%20to%20Notarize%20Your%20Will%3A%20A%20Step-by-Step%20Guide&npa=0&pscdl=noapi&auid=1612257440.1741836309&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Stock Market Update We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/whats-happening-to-the-stock-market-today#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/whats-happening-to-the-stock-market-today) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/whats-happening-to-the-stock-market-today) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/whats-happening-to-the-stock-market-today) By Austin Payne / Published 8.5.2024 The first half of 2024 was a continuation of last year’s bull market, with AI hype largely fueling the year’s early momentum. Through July 16, the S&P 500 was up almost [20%](https://www.investing.com/indices/us-spx-500-chart), and the Nasdaq was up over 25%. ## **But something shifted in mid-July.** What first appeared as a seemingly healthy corrective to tech sector hype and a turn toward all-but-forgotten small-cap stocks has become a larger drawdown, and today’s market movement confirmed that. Since then, these leading indices have noticeably retracted, and the S&P and Nasdaq ended last week down 3.3% and 5.5%, respectively. ## **On Monday, the downward trend continued.** - **U.S. stock indexes continued to fall: T** he S&P 500 is down approximately 3% on the day, the Nasdaq roughly 4%, and the Dow Jones by about 2.5%. - **The volatility kicked off in Japan,** where the Nikkei index began trading on Sunday night U.S. time. By the end of Monday, the Nikkei was down 12%, its worst-ever single-day decline. - **Crypto hasn’t been safe either,** with both Bitcoin and Ethereum down about 7.5% and 11%, respectively. ## **Why is this happening?** Although there is rarely a single, specific reason for any market trend, there are certainly some noteworthy catalysts behind this drop. - **Murmurings of frustrations with the AI hype** on Wall Street have been building for quite some time now, and last week, they reached a tipping point. Investors are growing concerned that big tech’s lavish spending on AI is becoming reckless, and they’re asking where and when that ROI will show itself. - **Plus, geopolitical turmoil is likely getting to investors,** and growing anticipation of a coming interest rate cut may have fueled some apprehension as well. - **Last week’s July jobs report was disappointing, too,** with hiring slowing and unemployment ticking up to its [highest level](https://www.nbcnews.com/business/economy/jobs-report-july-2024-employment-numbers-analysis-rcna164651) since 2021. - **Big whales** like Warren Buffet’s Berkshire Hathaway [shedding $390 million](https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sold-390-million-delta-southwest-shares-2020-4-1029064705) worth of Apple shares didn’t help much either. ## **Some perspective** - **To be clear, there’s no reason to panic when things like this happen.** In 2023, the S&P 500 returned over 21%, and the Nasdaq churned out over 40%—and both of these indexes dropped 8.8% and 9.8%, respectively, across four weeks last fall. - **Consider this:** The S&P 500 is down over 8.2% from its peak this year, and it’s still up over 9.5% year-to-date. Historically speaking, that’s _still_ an above-average year. Corrections like this might feel dramatic, but they are ultimately completely normal in the stock market cycle. ## **How Origin can help** - **Automate your investing for times like these:** Market corrections are inevitable, but that doesn’t mean you have to ride a roller coaster of emotion along with them. [Origin](https://www.useorigin.com/products/investing) allows you to select a risk-tolerance level and portfolio allocation, enabling you to “set it and forget it” during chaotic times—yes, we’ll even rebalance for you. - **Professional support:** It’s normal to feel a bit uneasy during tumultuous economic times, but our financial professionals are here to help. As an Origin member, you get easy access to our team of Certified Financial Planners®, who can answer your questions and [provide guidance](https://www.useorigin.com/products/guidance). [Origin is fully customizable to meet the needs of your business and its people. Find out what else Origin can do for you. (opens in new window)](https://www.useorigin.com/) Related Articles [Financial Wellness\\ \\ The Power of Dollar Cost Averaging](https://www.useorigin.com/resources/blog/the-power-of-dollar-cost-averaging) [Personal Finance\\ \\ How to Balance Saving for Retirement, Investing, and Student Loans](https://www.useorigin.com/resources/blog/how-to-balance-saving-for-retirement-investing-and-student-loans) [Personal Finance\\ \\ How to Get Started With Investing](https://www.useorigin.com/resources/blog/how-to-get-started-with-investing) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836308956&cv=11&fst=1741836308956&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c1v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102614960~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fwhats-happening-to-the-stock-market-today&hn=www.googleadservices.com&frm=0&tiba=%F0%9F%94%8E%20What's%20happening%20to%20the%20stock%20market%20today%3F&npa=0&pscdl=noapi&auid=206482094.1741836309&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Estate Planning After Divorce We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/estate-planning-after-getting-a-divorce#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/estate-planning-after-getting-a-divorce) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/estate-planning-after-getting-a-divorce) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/estate-planning-after-getting-a-divorce) By Austin Payne / Published 8.1.2024 Getting divorced can be painful and overwhelming. It can seem like going through a divorce involves endless paperwork and other tasks that stop you from getting on with your life. In addition to the paperwork and the tasks that go along with finalizing a divorce, a recently divorced person cannot overlook the important changes that need to be made in their estate planning. ## **A few boxes to check** Many recently divorced people make it clear that their ex-spouse should never inherit from them or make life decisions for them—but that is what may happen if your estate plan is not updated. Review the below tips in order to position yourself, your loved ones, and your assets in a way that satisfies your goals. - **Revise or create your will and living trust:** If you don’t have a will or trust, or if your will or trust leaves assets directly to your minor children, your ex-spouse will likely be appointed by a judge after you pass away to control the inheritance you leave your minor children—until your children reach the age of majority when your children control it themselves. - **If you’d prefer to keep your ex-spouse out of your estate,** make sure you update your last will and testament or living trust to ensure that your ex-spouse is not the one who will make all your estate settlement decisions, and make sure that your ex-spouse will not control the inheritance that you leave behind for your minor children. - **Financial and healthcare powers:** Some recently divorced people fail to do anything about the fact that their ex-spouse is listed as their agent on their financial and healthcare powers of attorney. Unless you want your ex-spouse making your business and medical decisions for you in the event you can’t make your own decisions, name a relative, friend, or trusted advisor to act as your agent on your general durable power of attorney and your healthcare legal documents. - **Update your beneficiary designations:** The disposition of many assets you own when you die, such as life insurance, employer retirement plans, individual retirement accounts, and health savings accounts, are not controlled by your will or living trust. When you pass away, these accounts are paid directly to the person listed as your beneficiary. If you established these accounts while you were married, you probably named your spouse as your beneficiary. Make sure you change those beneficiary designations, if appropriate, to meet your new post-divorce estate planning objectives. If you have recently gone through a divorce, you may feel somewhat fed up with the legal system. However, creating or updating your estate plan after a divorce can be one of the wisest business and financial moves you can make. Take charge of your future and the future of your loved ones by removing the “ex” from those previous estate planning documents. [Get Started](https://app.useorigin.com/sign-up) Related Articles [Estate Planning\\ \\ Estate Planning Tips for Single Parents](https://www.useorigin.com/resources/blog/estate-planning-tips-for-single-parents) [Estate Planning\\ \\ How To Avoid Probate](https://www.useorigin.com/resources/blog/how-to-avoid-probate-court) [Estate Planning\\ \\ How To Create A Living Trust](https://www.useorigin.com/resources/blog/how-to-create-a-living-trust) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836309042&cv=11&fst=1741836309042&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837~102874650&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Festate-planning-after-getting-a-divorce&hn=www.googleadservices.com&frm=0&tiba=Estate%20Planning%20After%20Getting%20A%20Divorce&npa=0&pscdl=noapi&auid=705131318.1741836309&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Estate Planning Tips We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/estate-planning-tips-for-single-parents#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/estate-planning-tips-for-single-parents) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/estate-planning-tips-for-single-parents) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/estate-planning-tips-for-single-parents) By Austin Payne / Published 7.30.2024 No one wants to think about what happens when we’re gone, but as a single parent, you know you’re your kids’ entire world. Putting a plan in place for what happens if you die or become incapacitated can protect your children and avoid costly probate fees. ## **Structure Your Estate to Help Your Kids** - Set up trusts for your minor children to ensure their money is protected until they are adults. - Select a trustee to oversee your children’s inheritance until they can manage it themselves. - Designate specific circumstances under which the trust funds can be used for your kids' expenses. - This allows you, not the court system, to manage your estate. ## **Designate Guardians** - Use your last will and testament to designate who you want to raise your kids if you pass away before they’re adults. - The last surviving parent often has the right to legally appoint a guardian for minor children. - Without this designation, a judge will decide who will raise your children. - A formal plan ensures your wishes are followed. ## **Designate Who Can Make Financial and Health Care Decisions** - Designate who can make financial and health care decisions if you cannot make them for yourself. - Appoint another adult friend or relative as your agent on your power of attorney legal documents. - They can make medical decisions for you in the event of incapacitation. - Update your plan to include one of your children as they become adults. ## **Sooner Is Better than Later** Most estate planning discussions involve providing for the children. For single parents, the stakes can be higher. When a single parent with young children passes away, the children are often forced to live with a relative or ex-spouse, leaving behind familiar surroundings. You are irreplaceable, and while this is a tough conversation to have with yourself, the peace of mind by knowing your kids are protected if the worst happens is priceless. [Get Started](https://app.useorigin.com/sign-up) Related Articles [Estate Planning\\ \\ How To Avoid Probate](https://www.useorigin.com/resources/blog/how-to-avoid-probate-court) [Estate Planning\\ \\ How To Create A Living Trust](https://www.useorigin.com/resources/blog/how-to-create-a-living-trust) [Estate Planning\\ \\ Are Heirs Responsible For Credit Card Debt Of A Deceased Person?](https://www.useorigin.com/resources/blog/are-heirs-responsible-for-credit-card-debt-of-a-deceased-person) [Estate Planning\\ \\ 10 Costly Errors That Executors Make](https://www.useorigin.com/resources/blog/10-costly-errors-that-executors-make) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836308929&cv=11&fst=1741836308929&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c1h1v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Festate-planning-tips-for-single-parents&hn=www.googleadservices.com&frm=0&tiba=Estate%20Planning%20Tips%20for%20Single%20Parents&npa=0&pscdl=noapi&auid=1326070327.1741836309&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Avoiding Probate Court We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-to-avoid-probate-court#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-to-avoid-probate-court) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-to-avoid-probate-court) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-to-avoid-probate-court) By Austin Payne / Published 7.25.2024 / Updated 7.30.2024 Probate is the court-supervised process that takes place when someone dies owning assets in their name. Even with a last will and testament, probate is necessary. Because probate can be expensive and time-consuming, many people use a revocable living trust approach to avoid burdening their survivors with the hassles, time, and expense of the probate process. This article addresses the steps you can take to avoid probate. ## **Step 1: Create a Living Trust Entity** - **Set Up a Revocable Living Trust:** By creating a living trust and having your assets titled in the name of the trust, you establish a legal instrument that allows a defined trustee to manage those assets. - **Define Trustees:** You will be the initial trustee and designate a successor trustee who will take over as the primary trustee upon your incapacity or death. - **Immediate Action by Trustee:** The primary trustee can secure, maintain, sell (if necessary), and distribute assets without involvement from a probate court. ### **Designations to Make** - Who will receive the trust assets after you pass away. - Who will be in charge of settling your trust. - The rights and duties your trustee will have in settling your trust. There are no costs or overhead to manage a living trust during your lifetime, similar to an LLC; it’s a disregarded entity with the IRS, so no tax filings or annual reports are necessary. ## **Step 2: Transfer Assets from Your Name to Your Trust** To avoid probate, it is imperative that the trust is funded properly. Assets that may need to be transferred to or re-titled in the name of the trust include: - Real estate - Motor vehicles, boats, airplanes - Business interests - U.S. Savings Bonds - Certificates of Deposit (CDs) - Non-retirement investment accounts - Individually held stocks and bonds ### **Funding the Trust** Investigate whether your state or county/parish charges a transfer fee or tax for retitling your assets—many online providers can make this process easy. Your Pour-Over Last Will & Testament will cover the transfer of your assets through probate to your living trust as a last resort. ### **Ensure the Trust is Funded Properly** All titled assets should be transferred to the trust as soon as possible, and new property or titled assets should be acquired in the name of the trust to avoid future transfers. Some assets can have beneficiaries named under Transfer On Death (TOD) or Payment On Death (POD) to avoid probate. ### **Assets to Consider** - Real estate - Bank accounts - Savings bonds - Certificates of Deposit (CDs) - Investment/brokerage accounts - Individually held stocks and bonds - Titled motor vehicles, watercraft, airplanes, etc. Most people name a spouse or child as the beneficiary of such accounts, but you may choose to name your trust as the beneficiary to manage distributions for minors or other beneficiaries. Do Not Immediately Re-title Your IRAs, 401(k)s, Insurance Policies, and Annuities - Review who you have named as the beneficiaries. - These accounts are paid directly to the beneficiaries upon your death and mostly avoid probate. - Some people name their trust as the beneficiary to manage the distribution rules around lump sums, but consult a tax professional before making this change to avoid tax deferral impacts. ### **Communicate with Successor Trustees** - Ensure all listed successor trustees are aware of the possibility of being called upon to serve as trustee. - Inform them where to find a copy of the trust. - Some online platforms provide a dashboard to notify your trustee with educational material on the role. ### **Record Keeping** - Begin keeping a record of all trust assets to ensure nothing is overlooked when the trust is terminated. - Document how trust assets are secured and maintained. - Record all financial transactions and expenses. ### **Insurance Coverage** - Contact your property and casualty insurance agent to ensure your coverage is provided for your new trust, which owns the assets you transferred. - Add your trust as an additional insured to your homeowner’s or vehicle insurance policies to provide coverage to the trust in the event of a claim. - There should be no change in the premium for doing this. ## **Step 3: Acquire Assets in the Name of Your Trust** - Acquire new assets in the name of your trust after forming your revocable living trust. - Ensure future purchases, such as a home or other investment property, are owned by the trust. - If you own assets in your name when you pass away, your loved ones will need to go through probate to transfer those assets. ## **Get Started Today** Probate can be costly, time-consuming, and inconvenient for your survivors. Establishing a revocable living trust as part of your overall estate plan and transferring the title of your "probate assets" to your trust can make settling your estate easy and efficient. This way, the successor trustee you designate will be able to access, maintain, and distribute your trust assets without delay to your trust beneficiaries. [Take our assessment](https://app.useorigin.com/estate-planning/assessment) Related Articles [Estate Planning\\ \\ Are Heirs Responsible For Credit Card Debt Of A Deceased Person?](https://www.useorigin.com/resources/blog/are-heirs-responsible-for-credit-card-debt-of-a-deceased-person) [Estate Planning\\ \\ 10 Costly Errors That Executors Make](https://www.useorigin.com/resources/blog/10-costly-errors-that-executors-make) [Estate Planning\\ \\ 401k Beneficiaries vs Will Beneficiaries: Which Document Wins?](https://www.useorigin.com/resources/blog/401k-beneficiaries-vs-will-beneficiaries-which-document-wins) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836308983&cv=11&fst=1741836308983&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102015666~102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-to-avoid-probate-court&hn=www.googleadservices.com&frm=0&tiba=How%20To%20Avoid%20Probate&npa=0&pscdl=noapi&auid=341278895.1741836309&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Creating a Living Trust We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-to-create-a-living-trust#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-to-create-a-living-trust) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-to-create-a-living-trust) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-to-create-a-living-trust) By Austin Payne / Published 7.23.2024 By creating your living trust, you’ve arranged your estate in a way that makes it easy for your family and loved ones to settle your estate. Also known as revocable living trusts, living trusts enable your beneficiaries to avoid the court and attorney-involved probate process after you pass away. Here are three essential steps to take when setting up your living trust. ## **Step 1: Be Thorough in What and Who Matters to You** In order to create your living trust, you’ll need to be prepared to answer the same questions you would be asked if you were preparing a last will. **Consider the following:** - Who do you want to inherit from you when you die? - Will they inherit any specific assets? - Will they inherit equally or in different proportions? - Will the inheritance of any beneficiaries need to continue to be managed in a trust after you pass away? - Who will be in charge of making the necessary distributions from your trust after you pass away? ## **Step 2: Go with Your Gut on Your Answers—You Can Always Update Later** Whether you get assistance from an estate attorney or an online platform, make sure you answer all the questions to the best of your ability. If some questions are tough to answer, it’s usually best to go with your first instinct—you can always update your trust later if necessary. Review the customized provisions of your trust instrument to ensure that it reflects your intentions. ## **Step 3: Make It Official** Finally, sign your trust following the appropriate formality requirements to make it valid. **Also, be sure to:** - Transfer the appropriate assets, like real estate and brokerage accounts, to your trust to keep them out of probate. - Inform your successor trustee that you’ve named them to fill the role of settling your trust when you pass away. By doing this, you can be assured that you’ve done most of the estate settlement work upfront, making the settlement of your estate faster, easier, and less expensive. ## **Benefits of Establishing a Living Trust** Even if you don’t consider yourself wealthy, you should consider establishing a living trust as part of your overall estate plan. The extra work you do creating your trust and transferring assets to it can save your estate and your heirs significant time, effort, and hassle in the future. A well-prepared living trust can also prevent conflict among relatives since the trust will clearly lay out each person’s rights, and the settlement of your trust will be outside of government interference. [Take Our Assessment](https://app.useorigin.com/estate-planning/assessment) Related Articles [Estate Planning\\ \\ Are Heirs Responsible For Credit Card Debt Of A Deceased Person?](https://www.useorigin.com/resources/blog/are-heirs-responsible-for-credit-card-debt-of-a-deceased-person) [Estate Planning\\ \\ 10 Costly Errors That Executors Make](https://www.useorigin.com/resources/blog/10-costly-errors-that-executors-make) [Estate Planning\\ \\ 401k Beneficiaries vs Will Beneficiaries: Which Document Wins?](https://www.useorigin.com/resources/blog/401k-beneficiaries-vs-will-beneficiaries-which-document-wins) [Estate Planning\\ \\ 3 Estate Planning Mistakes (And How To Avoid Them)](https://www.useorigin.com/resources/blog/3-estate-planning-mistakes-and-how-to-avoid-them) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836308835&cv=11&fst=1741836308835&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-to-create-a-living-trust&hn=www.googleadservices.com&frm=0&tiba=How%20To%20Create%20A%20Living%20Trust&npa=0&pscdl=noapi&auid=1221027859.1741836309&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Heirs and Credit Card Debt We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/are-heirs-responsible-for-credit-card-debt-of-a-deceased-person#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/are-heirs-responsible-for-credit-card-debt-of-a-deceased-person) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/are-heirs-responsible-for-credit-card-debt-of-a-deceased-person) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/are-heirs-responsible-for-credit-card-debt-of-a-deceased-person) By Austin Payne / Published 7.19.2024 Receiving an inheritance is often a trying time for beneficiaries, as it usually follows the loss of a family member or loved one. While in the thick of grief, the last thing you want to worry about is if you’re responsible for the credit card debt of your deceased relative. However, it’s something you must face eventually to settle the estate. Inheriting money isn’t always straightforward, especially if there is debt involved. So, we created this guide to help demystify the process so you can manage your loved one’s debts. ## **Can you inherit debt?** After receiving an inheritance from a loved one, one of the first questions you may have is whether you also inherit their debt. Heirs are generally not responsible for the debts of someone they inherit from — whether a parent, grandparent or someone else. ## **However, there are certain situations where an heir may be liable for the debts of the deceased, such as:** - **Joint ownership:** If you are a joint owner on a debt with the deceased, you are equally responsible for the debt. Since the co-owner passed away, you are now solely responsible for paying off any outstanding balances. - **Co-signer:** If you are a co-signer on a debt such as a mortgage or auto loan and the primary borrower passes away, you alone become responsible for the debt. Note that this does not apply if you are an authorized credit card user. - **Community property exception:** If you are the deceased person and live in a state with community property laws, you may be obligated to repay their debts. Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin are the only states that impose community property laws. No two estate settlements are the same, and each state applies different procedural rules regarding debt. Hiring a local attorney to help you navigate the process is critical when settling the estate of someone with debt. ## **What happens with credit card debt when someone dies?** As an heir, you’re likely not on the hook for your deceased loved one’s credit card debt — however, that doesn’t mean the debt disappears. Generally, a deceased person’s estate must pay off their remaining debt before giving any money to heirs. However, if the person’s estate is insolvent — meaning there isn’t enough money to cover the credit card balances — the creditors may be out of luck. In the case of an insolvent estate, the estate must repay debts according to priority, with secured debts (debts secured by an asset) higher up on the list than unsecured debts (such as credit cards.) If your relative passes away with credit card debt, you might start receiving calls regarding their debt. A debt collector can legally contact a deceased person’s spouse, parents, guardian, or executor of the estate to discuss the debt. However, a debt collector cannot mislead you into believing you’re responsible for the debt if you’re not. It’s essential to be aware of your rights under the  (FDCPA). As an heir (unless you are the surviving spouse and live in a community property state), you are likely not responsible for your deceased relative’s debts. So, if you’re not responsible for the debt, who is? When someone dies, their estate generally pays off any debt they left behind. However, not all debts have an equal claim to repay debts from an estate. Secured debts—debts secured by an asset (e.g., a mortgage or auto loan)—take priority over unsecured debts such as credit cards. A deceased person’s estate may sell their assets to help cover the costs of repaying their debt. If a mortgage or auto loan was attached to their assets, the estate must repay the creditors out of the proceeds of the sale to release any liens they have on the property. However, credit card debt is unsecured, meaning credit card companies get paid after the mortgage and auto loan lenders. If the estate runs out of money, they are out of luck. No matter how high a priority a particular debt is, there are some that creditors can’t touch, such as: Assets held in retirement accounts (i.e., 401(k), 403(b), SEP IRAs, Roth IRAs, 457 plans, etc.), Life insurance, Assets held in a living trust, Brokerage accounts, Real estate (depending on state law and how the property is titled). ## **After a loved one passes away with credit card debt, here’s what to do:** - **Notify the credit card companies:** One of the first steps is to notify the credit card companies about the death of your loved one and request to close the account. If you’re a joint account owner, you may choose to keep the card. If that’s the case, still inform the credit card company so they can change the account registration. - **Inform the credit bureaus:** Credit card companies will likely report the death to the credit bureaus, but it could take a while. It’s best to notify the three major credit bureaus (Experian, Equifax & TransUnion) yourself to ensure there are no delays in updating the credit file. This helps protect the deceased’s credit report from identity theft. - **Stop using cards you are an authorized user on:** If the primary cardholder passes away, you should immediately stop using the card if you are an authorized user. If you continue to use the card, you might find yourself in legal hot water. Using the deceased person's card (even if you are an authorized user) is illegal. ## **Final thoughts** **So, can debt be inherited? Though uncommon, it is possible.** If you were a co-signer or co-owner, you are equally responsible for the debt and must repay it — not doing so could result in legal action taken against you. It’s best to contact the deceased’s credit card companies and other lenders right away to determine your responsibilities. **Protect your legacy with an online estate plan.** You don’t want your loved ones to have to figure out how to repay your debt when you pass away. Creating an estate plan with MyAdvocate can make your estate settlement easier for your heirs and help you become more mindful of your legacy — and what you do (or don’t) want to leave behind. Related Articles [Estate Planning\\ \\ 10 Costly Errors That Executors Make](https://www.useorigin.com/resources/blog/10-costly-errors-that-executors-make) [Estate Planning\\ \\ 401k Beneficiaries vs Will Beneficiaries: Which Document Wins?](https://www.useorigin.com/resources/blog/401k-beneficiaries-vs-will-beneficiaries-which-document-wins) [Estate Planning\\ \\ 3 Estate Planning Mistakes (And How To Avoid Them)](https://www.useorigin.com/resources/blog/3-estate-planning-mistakes-and-how-to-avoid-them) [Estate Planning\\ \\ 7 Things To Avoid Putting In Your Will](https://www.useorigin.com/resources/blog/7-things-to-avoid-putting-in-your-will) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836308805&cv=11&fst=1741836308805&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fare-heirs-responsible-for-credit-card-debt-of-a-deceased-person&hn=www.googleadservices.com&frm=0&tiba=Are%20Heirs%20Responsible%20For%20Credit%20Card%20Debt%20Of%20A%20Deceased%20Person%3F&npa=0&pscdl=noapi&auid=198437312.1741836309&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Executor Mistakes We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/10-costly-errors-that-executors-make#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/10-costly-errors-that-executors-make) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/10-costly-errors-that-executors-make) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/10-costly-errors-that-executors-make) By Austin Payne / Published 7.17.2024 An executor’s job is no easy feat. However, an Executor will be properly set up for success with proper estate planning. ## **An executor has the following responsibilities:** - Sort through a deceased person's assets, debts, bills, and other financial affairs. - Hire an attorney, and then follow the rules prescribed by the state to ensure that the estate is settled following the terms of the will and applicable law. - An executor who does not follow the rules is likely to be either removed from their role or held personally liable for any damages that may result. ## **The ten most common costly errors we see executors make are the following.** **1\. Ignoring claims against the estate:** It is common for an estate to have debts. The executor is responsible for ensuring that all valid estate debts are paid from estate assets. Distributing assets to beneficiaries before ensuring that all estate debts are paid may result in personal liability for the executor. **2\. Getting advice from friends Instead of professionals:** Not every attorney and accountant knows the intricacies of estate law and estate accounting. Ensure you get “professional advice” instead of just “friendly advice.” **3\. Failing to collect estate funds in the estate account:** Deposit any estate funds into your personal bank account if you are an executor. If you do not collect estate funds into an estate account, you will violate probate procedure rules and may be removed from your role. **4\. Confusing probate assets With Non-probate Assets:** Do not include the deceased’s IRAs and life insurance policies in the probate estate when the deceased was the owner and the accounts are payable to beneficiaries. These accounts are typically referred to as “non-probate assets.” The account owner likely designated beneficiaries on the account with the financial institution or the insurance company, so they do not need to go through probate. **5\. Failing to communicate:** Failing to communicate estate information to the estate beneficiaries can make those beneficiaries doubtful, nervous, or anxious. On the other hand, an executor who is transparent with all beneficiaries regarding estate assets, debts, income, and expenses will likely be praised and trusted by the estate beneficiaries and reduce the chance of any family infighting. **6\. Failing to supply all asset information:** Ensure you provide all of the information regarding the deceased’s assets on the front end of the probate process. Discovering that the deceased owned an asset after probate has concluded requires the estate to incur additional expense and delay. **7\. Not following the terms of the will:** Even though you know that the testator may have intended for their estate to be distributed in a manner other than what the terms of the will provide, an executor must follow the terms of the written last will and testament. An executor who does not follow the terms of the will may be personally liable to beneficiaries who should have received more according to the will. **8\. Paying estate funds Too Early:** Executors can get themselves in trouble when they quickly distribute the cash in the estate to the heirs and then later realize that cash is needed to pay debts or other estate expenses. Review the entire estate plan before distributing any funds. **9\. Executor delay:** Many people complain that probate takes a long time to complete. And when you add additional executor delay to a lengthy process, you often wind up with frustrated estate creditors and beneficiaries. In addition, assets owned by the deceased must be maintained throughout the probate process. Executor delays in maintaining estate assets and keeping estate expenses and bills current can cause harm to the estate’s value. **10\. Self-dealing:** Because you were named as the executor of a will, you do not have the right to treat yourself by purchasing estate assets personally for less than fair market value. If you do so, you may be removed from your role for self-dealing and held personally responsible for any losses to the estate. ## **Every estate is different** Since each estate varies in complexity and size, an executor’s job may be easy to handle for a few months, or the estate settlement can pose numerous challenges that take years to resolve. Therefore, an executor needs to understand essential executor roles and responsibilities before embarking on their estate settlement journey. Related Articles [Estate Planning\\ \\ 401k Beneficiaries vs Will Beneficiaries: Which Document Wins?](https://www.useorigin.com/resources/blog/401k-beneficiaries-vs-will-beneficiaries-which-document-wins) [Estate Planning\\ \\ 3 Estate Planning Mistakes (And How To Avoid Them)](https://www.useorigin.com/resources/blog/3-estate-planning-mistakes-and-how-to-avoid-them) [Estate Planning\\ \\ 7 Things To Avoid Putting In Your Will](https://www.useorigin.com/resources/blog/7-things-to-avoid-putting-in-your-will) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836308940&cv=11&fst=1741836308940&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2F10-costly-errors-that-executors-make&hn=www.googleadservices.com&frm=0&tiba=10%20Costly%20Errors%20That%20Executors%20Make&npa=0&pscdl=noapi&auid=1659676984.1741836309&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## 401(k) vs Will Beneficiaries We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/401k-beneficiaries-vs-will-beneficiaries-which-document-wins#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/401k-beneficiaries-vs-will-beneficiaries-which-document-wins) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/401k-beneficiaries-vs-will-beneficiaries-which-document-wins) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/401k-beneficiaries-vs-will-beneficiaries-which-document-wins) By Austin Payne / Published 7.15.2024 Outside of a home or property, it’s very common for a 401(k) to be someone’s largest financial asset, especially later in life. As a result, 401(k) account owners should understand how specific estate planning actions or inactions can affect their 401(k) account balance distribution when they pass away. ## **The importance of beneficiaries** When you set up your 401(k) account, you are asked to select one or more beneficiaries — who will receive the money in the account when you pass away. It’s important to note that when you pass away, your 401(k) account will be payable to the beneficiaries you designated, regardless of the provisions that are in your last will and testament. ## **The separate role of your “last will and testament”** Your last will and testament controls where your “probate assets” go when you die. In general, the things you own individually, in your name, and without beneficiaries are probate assets. Your 401(k) is a “non-probate asset.” Beneficiaries can claim non-probate assets without court and attorney involvement. ## **The importance of estate planning** Estate planning involves continually assessing what you have and what is most important to you and then developing and maintaining a set of legal documents and instructions to protect yourself and your loved ones. Understanding the distinctions between 401(k) beneficiaries and Will beneficiaries is an important component of estate planning. Related Articles [Estate Planning\\ \\ 3 Estate Planning Mistakes (And How To Avoid Them)](https://www.useorigin.com/resources/blog/3-estate-planning-mistakes-and-how-to-avoid-them) [Estate Planning\\ \\ 7 Things To Avoid Putting In Your Will](https://www.useorigin.com/resources/blog/7-things-to-avoid-putting-in-your-will) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836308875&cv=11&fst=1741836308875&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c1v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102525910~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2F401k-beneficiaries-vs-will-beneficiaries-which-document-wins&hn=www.googleadservices.com&frm=0&tiba=401k%20Beneficiaries%20vs%20Will%20Beneficiaries%3A%20Which%20Document%20Wins%3F&npa=0&pscdl=noapi&auid=36465773.1741836309&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Estate Planning Mistakes We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/3-estate-planning-mistakes-and-how-to-avoid-them#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/3-estate-planning-mistakes-and-how-to-avoid-them) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/3-estate-planning-mistakes-and-how-to-avoid-them) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/3-estate-planning-mistakes-and-how-to-avoid-them) By Austin Payne / Published 7.10.2024 Estate planning is all about protecting yourself and your loved ones, but it’s something that requires meticulous planning in advance. Failing to plan is planning to fail and will likely result in unintended consequences, such as disputes among beneficiaries, missing or unorganized assets, the wrong or ill-equipped people making decisions, and a difficult estate settlement process for all parties involved. ## **1\. Failure to Get Started (Procrastination)** As important as estate planning is, many people do not have a plan in place because they simply failed to get started. While the financial and emotional cost of failing to plan can be significant, we see too many people putting estate planning off because of the following reasons: - **Estate planning is too expensive.** - **Feeling their estate is too small.** - **They don’t want to have a death and dying discussion.** ## **2\. Failing to Educate Yourself** By educating yourself and understanding how estate planning works, you can save a lot of time and stress. There’s lots of information available online that can give you confidence that you are on the right track. **You can start by educating yourself about the following topics:** - **Understand the difference between a will and a living trust.** - **Why people create power of attorney legal documents.** - **The importance of a living will.** ## **3\. Failing to Communicate** Failing to communicate with your loved ones and those you’ve assigned roles in your estate plan can potentially result in confusion and conflict. Although it may be difficult for some, having this discussion will help better prepare all parties involved. For your advocates (those who will take action on your behalf), this allows you to explain why you gave them this honor and responsibility. For beneficiaries, you can explain the reasoning behind your choices. **You’ll want to communicate with those you’ve included in your estate plan about the following items:** - **Share that you have an estate plan:** Let them know the location of your estate plan. - **Inform them of any additional wishes:** You should provide more information to those you’ve assigned a role to so they can be prepared. - **Get started today:** Because of the uncertainty of life, there is no better time than the present to take a few moments to educate yourself about your estate planning options. Put a plan in place to protect your estate and your loved ones. Either during or after your initial plan is in place, reach out to those most important to you to let them know what you’ve done and why you’ve done it. They’ll likely be grateful that you did. [Get Started](https://app.useorigin.com/sign-up) Related Articles [Estate Planning\\ \\ 7 Things To Avoid Putting In Your Will](https://www.useorigin.com/resources/blog/7-things-to-avoid-putting-in-your-will) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836314266&cv=11&fst=1741836314266&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2F3-estate-planning-mistakes-and-how-to-avoid-them&hn=www.googleadservices.com&frm=0&tiba=3%20Estate%20Planning%20Mistakes%20(And%20How%20To%20Avoid%20Them)&npa=0&pscdl=noapi&auid=1633871329.1741836314&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Understanding Employee Equity We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/understanding-employee-equity-taxes-selling#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/understanding-employee-equity-taxes-selling) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/understanding-employee-equity-taxes-selling) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/understanding-employee-equity-taxes-selling) Published 7.10.2024 The number of companies that offer equity compensation is on the rise, and for good reason: A full 80% of workers say it’s among the chief things driving employee motivation. More than three-quarters of companies now offer some form of equity compensation, according to [Morgan Stanley's 2024 State of the Workplace Survey.](https://www.morganstanley.com/content/dam/msatwork/doc/pdfs/state-of-the-workplace-2021/state-of-the-workplace-study-2024.pdf) Curiously, only 38% of employees are aware that their workplace offers equity, and this misconception highlights just how hard it can be to fully understand this topic — even if you, generally, that you get equity as part of your compensation package! So we’re going to dive into some of the basics here to give you a hand. # **Terminology** **Equity** is stock (or other security) that represents an ownership interest. There are two main types. **Stock options** are just that: options. It’s the right to be able to buy shares in your company. You need to buy (“exercise”) them at the “strike price” in order to own them. On the other hand, **restricted stock units** (RSUs) are shares given to you by your company. You don’t need to plan to exercise your RSUs; they’re yours outright once they vest. (But when they do vest, you’ll need to pay taxes.) **Vesting** is earning the right to actually own your equity, and companies use it to incentivize you to stay longer. (Vesting can also be event-based, but that’s less common.) The vesting “cliff” is the length of time you have to wait until you first vest — and that’s typically one year from your start date. Generally, you’d then vest an additional 25% for each subsequent year of work, until you’ve vested 100% after four years. (Of course, this can vary, so make sure you check your own equity grant for specifics.) # **Selling** Though having equity can boost your net worth even while the stocks are just humming along in your portfolio, the way to actually make money on them is by selling. **Liquidity** is the finance term for being able to sell your shares for cash. While public company shares are bought and sold fairly easily on the stock market, opportunities to sell your private company shares are more limited, so we’re going to focus on that latter option here. Either a company will be acquired or will merge with another company, or the company will attempt to become a public company through an **IPO** (initial public offering). Both these situations will create opportunities for you to sell your shares in the company — but both can also take time and come with their own caveats (like black out periods or other trading restrictions). As usual, read the fine print! # **Tax implications** This is where equity can get a bit tricky. The two types of stock options — non-qualified stock options and incentive stock options — have different tax burdens. With ISOs, you may end up paying the alternative minimum tax, though this depends on both the amount that you exercise and the difference between the strike price and the shares’ current value. Whenever you sell shares, you’re also likely to be subject to capital gains taxes. Ideally even before you exercise options, you should talk to a tax adviser, CPA, or accountant in order to be fully prepared about what you’re going to owe and when. For RSUs, you pay tax once they vest. # **Key takeaways** What is the most important thing when it comes to equity compensation? Understanding what you’re dealing with. Take the time to fully study your equity grant, and don’t be afraid of asking a professional! They do this all the time. In between appointments with your financial adviser, you can monitor your equity — and how it fits into your larger financial future — by using Origin. Our dashboard is simple, and easy to use. [Track your equity with Origin](https://app.useorigin.com/sign-up) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836314549&cv=11&fst=1741836314549&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Funderstanding-employee-equity-taxes-selling&hn=www.googleadservices.com&frm=0&tiba=Understanding%20Employee%20Equity%3A%20The%20Basics%20of%20Terms%2C%20Taxes%2C%20and%20Selling&npa=0&pscdl=noapi&auid=641573719.1741836314&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Will Drafting Mistakes We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/7-things-to-avoid-putting-in-your-will#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/7-things-to-avoid-putting-in-your-will) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/7-things-to-avoid-putting-in-your-will) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/7-things-to-avoid-putting-in-your-will) By Austin Payne / Published 7.9.2024 We've seen it countless times — from funeral arrangements and organ donations to gifting assets held in a company, some provisions simply don’t make sense to put in your last will and testament. Here are seven things that might seem okay to add to your last will and testament but are actually better off avoiding. ## **1\. Funeral Arrangements** The last will and testament tend to be reviewed weeks after someone dies. When a person passes away, you may have already set up the funeral arrangements and had a beautiful ceremony, only to find out later that the loved one’s last will and testament specified something completely different. As you can imagine, this is not the best situation to be in, and it happens more often than you might think. ## **2\. Organ Donation** We encourage everyone to be an organ donor. In fact, according to www.organdonor.gov, thousands of lives are saved through organ donation each year. That said, there is a proper way to document being an organ donor, and doing that in your last will and testament is not the right way. This belongs in your health directive documents. Learn more about organ donation or how to become an organ donor at www.organdonor.gov. ## **3\. Designating IRA (Individual Retirement Account)** Make sure you designate beneficiaries directly on your IRA, as it will override your will. For example, Paul wants to leave his IRA to his child, Fred. However, 25 years earlier, when Paul set up his IRA account, he designated his daughter, Darla, to receive the IRA. Who now gets the IRA? Darla. Make sure you designate beneficiaries on your IRA and not in your will. ## **4\. Life Support Decisions** Many individuals and families face this very tough situation. We often hear people say, “If I’m in a vegetative state, I do not want my family to suffer; please make that known and respect my wishes.” This type of request belongs in the living will declaration, not your last will and testament. ## **5\. Limited Liability Company (LLC) Assets** This can get tricky. For example, let’s say you own a couple of rental properties in an LLC to avoid any personal liability for the debts of the LLC. In your will, you request that Property X go to one child and Property Y go to another. What’s the problem? It’s your membership interest in the LLC that will pass to others, but individual assets held within the LLC do not change hands as part of the typical estate settlement process. ## **6\. The “Reasons Why” You Left A Bequest** We write this from experience: do you want to keep the peace in the family? Keep the reasons why you left something to someone for their eyes only. Writing “I leave $5,000 to my child, Elsa” is much better read-aloud than a novel explaining why you left that $5,000 to your middle child, Elsa, and not the other kids in the family. A separate communication with your message to the individual explaining why you left them a specific asset is best. Why? This will be read aloud in front of friends and family and sometimes publicly in the courtroom. ## **7\. Life Insurance & Annuities** Similar to IRA beneficiaries, whoever you designate in your life insurance and annuities as your beneficiaries will override whoever you’ve added to your will. [Take our assessment](https://app.useorigin.com/estate-planning/assessment) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836314087&cv=11&fst=1741836314087&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2F7-things-to-avoid-putting-in-your-will&hn=www.googleadservices.com&frm=0&tiba=7%20Things%20To%20Avoid%20Putting%20In%20Your%20Will&npa=0&pscdl=noapi&auid=41999734.1741836314&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](about:blank) ## Origin Q2 2024 Updates We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/whats-new-in-origin-q2-2024#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/whats-new-in-origin-q2-2024) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/whats-new-in-origin-q2-2024) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/whats-new-in-origin-q2-2024) By Rachel Cantor / Published 6.28.2024 It's hard to believe, but 2024 is already halfway over. Time is flying by, and so is our product development here at Origin. We're keeping up the momentum. In fact, we had one of our biggest product updates this past quarter: Estate planning. Plus, we rolled out our Zillow integration, splitting transactions, and the list goes on. Let's dive into some of our releases from the past quarter. ## Splitting transactions Now, you can split one transaction into many so you can see a more accurate view of your spending and budget. This has been one of our top requested features by members with a partner. ## Revamped spend tracking Have you noticed that the "Spending" tab is looking a little different these days? We improved the design to be more clear, easy to use, and simple. Now, you can easily discover all our spending data visualizations, easily set a budget, and get insights. ## Improved portfolio tracking We revamped our investment tracking experience in Origin. Now, you can see a clear view of your portfolio performance and get insights and news updates on your holdings to optimize your investment strategy. View your top movers, asset allocation, and investment activity, all in our Portfolio tab. ## Zillow integration ![](https://images.ctfassets.net/agrlvtq28rka/7C5drDS2LGA98ODSNQcczW/e227b7e830f7cc19cd48339de71a6c21/Screenshot_2024-06-28_at_10.55.34_AM.png?fm=webp&w=3840&q=80) We launched our Zillow integration, so you can track the estimated market value of your house— right in Origin. Plus, track your home as part of your net worth. ## Estate planning is live ![](https://downloads.ctfassets.net/agrlvtq28rka/4f8dfMV6Ht1kEhMkGHfHpK/3dadf5d682826fb952881f15ffcdcfe8/Origin_EP_01.png?fm=webp&w=3840&q=80) Create legally binding trusts and wills right in Origin. Plan your family’s future and ensure your legacy is precisely as you envision. ## Rename your accounts Easily rename your connected accounts in Origin. Now, you can label your Checking account as "Mary's Checking" instead of "Checking 4298". ## Credit card bill tracking and projections ![](https://images.ctfassets.net/agrlvtq28rka/5WUf2xNmAfxmYGdYgzBp1E/f3003fa6769624162f98271126c37edd/Credit_Card_Bills.png?fm=webp&w=3840&q=80) If you struggle to keep track of your upcoming credit card bills, this feature is for you. View and track your credit card bills, including your statement balances and due dates, so you can proactively plan ahead. ## Equity on mobile ![](https://images.ctfassets.net/agrlvtq28rka/UPepWONBxDyc87hSrB5St/61ba76fe8c567628eac317eadc2ef071/Equity_UI.png?fm=webp&w=3840&q=80) We brought our much-loved equity tracking tools to mobile. See your vested shares, simulate exercising your stock options, and predict net worth for public or private company stock. [Try Origin's new features](https://app.useorigin.com/) Disclaimer: Advisory services are offered through Origin Advisory Services LLC ("Origin RIA"), a Registered Investment Adviser registered with the Securities and Exchange Commission and a wholly-owned subsidiary of Blend Financial Inc. DBA Origin Financial. Origin RIA's registration as a Registered Investment Adviser does not imply a certain level of skill or training. The information contained herein should in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services. All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Origin is a supplementary tool to understand equity. Please contact your equity plan administrator with any questions you may have regarding your specific equity details. [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836314271&cv=11&fst=1741836314271&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fwhats-new-in-origin-q2-2024&hn=www.googleadservices.com&frm=0&tiba=What's%20New%20in%20Origin%3A%20Q2%202024&npa=0&pscdl=noapi&auid=1188196196.1741836314&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Financial Wellness Insights We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/financial-wellness-stats-you-need-to-know-in-2024#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/financial-wellness-stats-you-need-to-know-in-2024) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/financial-wellness-stats-you-need-to-know-in-2024) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/financial-wellness-stats-you-need-to-know-in-2024) Published 6.25.2024 / Updated 7.2.2024 Financial security plays a huge role in wellbeing — and not just for individuals, but also for the companies that employ them. Workforce financial wellness can have a resounding impact for organizations willing to invest in it, supporting positive business metrics such as improved retention rates, higher levels of employee engagement, and even a lifted bottom line. But financial wellness isn’t something that happens in a vacuum. Economic shifts, employee financial literacy, and other factors come together to determine what it takes to build monetary stability, for the individual as well as the employing company. That’s why monitoring current financial wellness facts is a critical task for organizations. Let’s dive in. ## What is financial wellness? The term [financial wellness](https://www.useorigin.com/resources/blog/financial-wellness-101-everything-you-need-to-know) describes a balance between a group or individual’s income, expenditure, savings, and debt that allows for maximum control over their money. When financial wellness is achieved, the group or individual: - May easily absorb emergency expenses. - Avoid excessive debt. - Cover everyday costs. - Save for the future. - Use the surplus to invest and/or enjoy the present (according to their own sensibilities). When we consider [holistic financial wellness](https://www.useorigin.com/resources/blog/the-4-pillars-of-holistic-financial-wellness), emotional states — as they relate to finances — also come into play. Freedom from stress and a sense of confidence and security signal the achievement of financial wellbeing. ## 13 critical financial wellness statistics for 2024 Financial wellness is an achievable goal for all members of the global workforce. But to help your employees get there, your team needs to know what it’s dealing with. Here are the 13 top financial wellness statistics you need to know in 2024. ### The state of financial wellness 1. Individual perceptions of both the economy, as well as personal finances, are at a five-year low. 74 percent of respondents feel “at least okay” about their own financial standing, while a scant 18 percent believe the national economy to be “good.” ( [FRB](https://www.federalreserve.gov/publications/2023-economic-well-being-of-us-households-in-2022-overall-financial-well-being.htm#:~:text=The%2073%20percent%20of%20adults,comfortably%20fell%205%20percentage%20points.https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html)) 2. Inflation is the top cause of financial concern for individuals at most income levels, especially in households earning more than $50,000 per year. ( [FRB](https://www.federalreserve.gov/publications/2023-economic-well-being-of-us-households-in-2022-overall-financial-well-being.htm#:~:text=The%2073%20percent%20of%20adults,comfortably%20fell%205%20percentage%20points.https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html)) 3. 80 percent of chief human resource officers are concerned that wage increases are unable to keep up with the speed of inflation; this worry is reflected by 59 percent of employees who say that their pay is inadequate for the current economic climate. ( [PwC](https://www.pwc.com/us/en/library/pulse-survey/business-growth-through-recession-uncertainty.html)) ### Financial wellness and stress 1. 57 percent of employees say money is for them a top cause of stress, with organizational changes such as an employer’s cost-cutting measures following close behind. This statistic is an increase from numbers gathered at the crest of the COVID-19 pandemic.( [PwC](https://www.pwc.com/gx/en/issues/c-suite-insights/ceo-survey-2023.html)) 2. 44 percent of employees who report financial stress say money worries have significantly hindered their performance and productivity while at work. ( [PwC](https://www.pwc.com/gx/en/issues/c-suite-insights/ceo-survey-2023.html)) 3. Financial stress impacts more than just workforce performance — top employee ailments resulting from money-related worry include sleep (56 percent), mental health (55 percent), and even self-esteem (50 percent). ( [PwC](https://www.pwc.com/gx/en/issues/c-suite-insights/ceo-survey-2023.html)) 4. In 2022, 35 percent of respondents believe they are financially “worse off” than the year before, compared to 20 percent of respondents in 2021. ( [FRB](https://www.federalreserve.gov/publications/2023-economic-well-being-of-us-households-in-2022-overall-financial-well-being.htm#:~:text=The%2073%20percent%20of%20adults,comfortably%20fell%205%20percentage%20points.https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html)) ### Financial wellness and DEI 1. Individuals with higher levels of education feel much more confident in their financial standing than those without: 88 percent of respondents holding a bachelor’s degree or beyond feel they have at least adequate financial stability, compared to the 49 percent of respondents working without a high school diploma. ( [FRB](https://www.federalreserve.gov/publications/2023-economic-well-being-of-us-households-in-2022-overall-financial-well-being.htm#:~:text=The%2073%20percent%20of%20adults,comfortably%20fell%205%20percentage%20points.https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html)) 2. Race also cuts a hard line through the experience of financial wellness, with 77 percent of white respondents reporting adequate financial standing compared to just 64 percent of Black respondents. ( [FRB](https://www.federalreserve.gov/publications/2023-economic-well-being-of-us-households-in-2022-overall-financial-well-being.htm#:~:text=The%2073%20percent%20of%20adults,comfortably%20fell%205%20percentage%20points.https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html)) 3. Members of the LGBTQ+ community lag several points behind with just 65 percent reporting financial stability compared to 75 percent of their straight counterparts. Transgender respondents are even less likely to experience financial confidence, with just 55 percent reporting an “okay” financial standing. ( [FRB](https://www.federalreserve.gov/publications/2023-economic-well-being-of-us-households-in-2022-overall-financial-well-being.htm#:~:text=The%2073%20percent%20of%20adults,comfortably%20fell%205%20percentage%20points.https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html)) ### Financial wellness and the organization 1. 74 percent of employees want support from their employers to develop a more stable financial picture. That includes financial education, decision making support, and direct help in dealing with money-related hardship and emergencies. ( [PwC](https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html)) 2. Employee engagement with employer-provided financial services is at an all-time high, with 68 percent of respondents reporting that they actively use or have used their organization’s financial support programming. ( [PwC](https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html)) 3. 73 percent of employees say that employer-provided financial support is an important factor in whether or not they will remain with their current organization. ( [PwC](https://www.pwc.com/us/en/services/consulting/business-transformation/library/employee-financial-wellness-survey.html)) ## What’s next & how Origin can help The economic times are tough, and both employees and the companies they work for are feeling the effects of financial stress. But armed with these statistics, and the knowledge that employees are ready to engage with your company’s financial wellness solutions, organizations are in a prime position to do something about it. First, pay your people a thriving wage. Before you make cuts to your team, consider stalling on executive bonuses or your profit margin. In the long run, a happy workforce will be more productive and generate greater gains than one in a constant state of worry. Next, consider implementing an intelligent financial wellness solution like Origin. Origin is a financial wellness program that helps employees cultivate holistic financial wellness with a strategic mix of tracking, education, and expert advice. Origin has a proven impact on both employee financial wellbeing as well as organizational metrics. After implementing it: 1. Organizations saw a 42 percent increase in employee retirement contributions on average. 2. Addressing employee financial stress saved companies $5,600 in attrition per employee. 3. Increased retention and decreased stress meant that Origin helped to save one enterprise organization $2.8 million in backfilling roles. Origin is fully customizable to meet the exact needs of your business and its people. Find out what else Origin can do for you. [Request a demo(opens in new window)](https://www.useorigin.com/employers/demo) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836314217&cv=11&fst=1741836314217&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Ffinancial-wellness-stats-you-need-to-know-in-2024&hn=www.googleadservices.com&frm=0&tiba=Financial%20Wellness%20Stats%20for%202024%20%7C%20Origin%20Financial&npa=0&pscdl=noapi&auid=473246338.1741836314&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config)[iframe](about:blank) ## Financial Wellness Score Guide We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-to-calculate-your-financial-wellness-score#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-to-calculate-your-financial-wellness-score) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-to-calculate-your-financial-wellness-score) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-to-calculate-your-financial-wellness-score) Published 6.25.2024 / Updated 7.2.2024 [Financial wellness](https://www.useorigin.com/resources/blog/financial-wellness-101-everything-you-need-to-know) is climbing the ladder as a top concern for organizations seeking to improve the health and wellbeing of their workforces. The stress that a lack of financial causes may cost global companies a combined $300 billion per year. But financially confident, stable employees stick around longer, come to work more often, and are even more productive once they get there. One critical first step to cultivating personal financial wellness is understanding the current state of our finances so we can effectively plan the pathway between where we are and where we want to go. But money is complex, and for the 36 percent of Americans who believe themselves to be financially illiterate, the task of understanding their financial realities (let alone strategizing for the future) is monumental without some basic metrics to work with. That’s where the financial wellness score (FWS) comes in. Even for more confident consumers, a FWS simplifies the task of understanding every aspect of our monetary lives — from income and savings to debt and daily expenses — so we can set better goals and begin to work towards them. Let’s dive in. ## What is financial wellness? First, let’s establish a baseline definition of financial wellness. Financial wellness describes the sense of confidence, stability, and security that comes from intelligent money management. On a practical level, financial wellness can include: - A comfortable income-to-expense ratio. - Filling and maintaining an emergency savings account to address unexpected expenses. - Establishing a retirement account, and other future financial support systems. - A comfortable debt-to-income ratio. - Maintaining a higher credit score. - Setting financial goals and working consistently to meet them. All of these factors come together to enable individuals to live comfortably according to their own standards. Financial wellness is not a possibility without adequate income, though it is possible at a variety of different income levels. Financial wellness will rarely be universally measured against a singular dollar amount, but is instead a matter of balance, and the comfort of the individual. ## What is a financial wellness score? Practical financial wellness is a complex network of financial factors which are unique to the group or individual who holds them. A financial wellness score offers one method to simplify these factors into a digestible measurement so that the person or people holding the score can understand, analyze, and address their financial reality more easily. Most financial wellness calculation methods include the following elements: - **Income**– this is your current annual income, from all sources. - **Emergency savings**– this is the amount of money you have saved for emergency expenses only. - **Retirement savings**– this is the amount of money you have saved for retirement, or the percentage of your income you allocate for retirement per year. - **Daily expenses** – this is the amount you spend on expected, obligatory expenses in the day-to-day. - **Debt**– this is the amount you owe to external financial institutions, and includes credit card debt, student loans, etc. - **Insurance**– most often this means the dollar value of your own life insurance policy. Some methods will also consider age as a critical factor in your total score. For example, how close you are to retirement may increase or decrease the total value of your savings. Additional considerations include inflation, as well as returns on investments, savings kept in a generative accounts, etc. ### Why is a financial wellness score important? A financial wellness score can help to establish a clear baseline of your current financial situation. It might not be fun to look at initially, but having this metric in your pocket will allow you to better understand which elements of your overall financial wellness are working, and which ones need some attention. Once you have this information, it becomes easier to plan a pathway between your current financial reality and the short- and long-term goals you set for yourself. Having this baseline will also enable you to measure your progress as you get closer to reaching those objectives. ## How to calculate your financial wellness score A number of basic and more complex financial wellness calculation methods exist that will either place your score within an established index (similar to a credit score) or give you a percentage-based score which rates your financial wellness out of 100. In all cases, your score will be measured against ideal ratios established by financial experts, though these ratios may be different depending on which expert or institution is delivering the ideal. For this article, we’re borrowing standards from [Credit Donkey’s basic financial wellness calculator](https://www.creditdonkey.com/financial-wellness-calculator.html#:~:text=How%20do%20you%20calculate%20financial%20wellness%3F&text=If%20your%20current%20emergency%20fund,are%20to%20100%2C%20the%20better.&text=The%20lower%20your%20debt%2Dto,higher%20your%20score%20will%20be). Here’s how it works. - **Emergency savings:** This standard says that you should have an amount equivalent to 6 months of income in your savings account. If this is true for you, give yourself 100%. For anything lower than this amount, calculate your percentage using this formula: Amount saved/6x monthly income = % score. - **Debt:** The lower your debt, the higher your score will be for this factor. Ideally, your debt will amount to no more than 1 year of your total income. To calculate your debt-to-income ratio, use this formula: Total debt/1x annual income = # If your resulting number is 1 or more, your score will be 0%. If your result is lower than 1, your score will be 100%. - **Retirement funds:** First you need to establish a retirement savings goal. The more you have saved towards that goal, the higher your score will be. You can calculate that score using this formula: Current amount saved/Total retirement goal = % It is important to note that other calculators may score this point based on the amount of your income you are able to save each month, rather than the total you have saved so far. This number may be more useful for younger individuals, or those further away from retirement. - **Life insurance:** An ideal life insurance coverage amount is around 10 times the amount of your annual income. If your life insurance coverage is greater than 10 times your annual income, your percentage will be 100. If it is less, use this formula: (10 x annual income)/Life insurance coverage amount = % Each of these factors represents 25% of your total score. To understand your score as a percentage, add your 4 scores together and divide them by 4 to get a percentage amount. Higher numbers means a high degree of financial wellness, while lower numbers indicate some work may need to be done. ## So you have your financial wellness score. What’s next? Remember, a financial wellness score is an indicator, not a signal for despair, or an excuse to ignore your budget. Whatever your score may be, it’s important to use it as a signpost to guide you towards the next step in your financial journey. For some individuals, that may mean paying down debt or getting serious about saving for retirement. For others, it may mean creating a pathway towards your next big financial objective, like saving for a downpayment on a house. Or, your next step may be simply learning more about finances so you can better manage your money. Origin is one employee benefit that can help make this happen. Origin helps organizations improve holistic financial wellness with practical and educational resources that empower employees to build [financial wellness](https://www.useorigin.com/resources/blog/the-4-pillars-of-holistic-financial-wellness) for themselves and their families. See how Origin can meet the financial wellness needs of your employees and your organization. [Request a demo(opens in new window)](https://www.useorigin.com/employers/demo) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836314359&cv=11&fst=1741836314359&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102813108~102814060~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-to-calculate-your-financial-wellness-score&hn=www.googleadservices.com&frm=0&tiba=How%20to%20Calculate%20Your%20Financial%20Wellness%20Score&npa=0&pscdl=noapi&auid=1836821266.1741836314&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Open Enrollment Templates We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/how-to-choose-the-right-open-enrollment-communication-template-for-your#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/how-to-choose-the-right-open-enrollment-communication-template-for-your) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/how-to-choose-the-right-open-enrollment-communication-template-for-your) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/how-to-choose-the-right-open-enrollment-communication-template-for-your) Published 6.25.2024 / Updated 7.2.2024 With open enrollment right around the corner, you need to let your employees know what benefit options they’ll have going into the new year. But communicating with your employees isn’t always easy, especially when delivering complex and high-stakes messages about benefits. Luckily, the task of saying the right thing doesn’t have to fall solely on the shoulders of HR professionals. Open enrollment communication templates can help you say the right thing and give your employees exactly the information they need to make the most of your company’s open enrollment period. Let’s talk about it. ## Why clear communication matters when it comes to open enrollment A study from [Bend Financial](https://www.bendhsa.com/newsroom/more-than-half-of-americans-confused-by-health-insurance-including-hsas) found that 53 percent of employees admit to being “completely lost” when it comes to understanding their benefits. And workers who don’t understand their benefits make ill-informed and fast decisions when it comes to benefit enrollment. (We're talking as quick as 18 minutes.) This means that employees are likely under-utilizing the services available to them, which results in a poor ROI for your organization. Focusing on clear communication to help your employees better understand their benefits options, as well as the timing and expectations of the enrollment period, allows them to sign up for the programs that will serve them best. Plus, more employees are likely to engage with your benefit offerings during open enrollment if they better understand the process. ### How a template can help An open enrollment communications template can help you to clearly and consistently relay the right information across multiple platforms and employee demographics. With a template, you won’t have to worry about re-writing the same sentence over and over, and can instead focus on filling in the blanks with critical details like benefits qualifications, enrollment deadlines, and more. ## Key considerations for finding the best open enrollment communication template for your company The specific information you have to relay to your people will depend on the benefits you offer and the structure of your company. But a good template will help you get the facts out regardless of your organizational particulars. Here are a few questions you can answer to help you find the right template. ### Delivery With a hybrid workforces, relaying information to employees is a more complex undertaking than it used to be. You’ll need to do the research ahead of time to determine the communication methods which will be the most effective at reaching your highly distributed workforce. Your open enrollment communication template will need to be formatted for each platform. Most templates are designed for email communications, but you should also consider how to modify them for reaching out over text, chat platforms like Slack and Discord, or other internal channels you may use. The template you choose should be able to translate easily between multiple communication methods, depending on which your employees are most likely to respond to. ### Engagement The goal of better communication with your employees is always improved engagement and response. The template you use should allow you to deliver clear expectations without overwhelming the reader with an excess of information. Streamlined open enrollment communication should include the open enrollment timeline, a list of basic instructions, and links directing interested employees towards further information or a place where they can get their questions answered. Consider surveying your employees ahead of time and ask what level of information they want. ### Employee relevance Personalization is an important factor to securing employee engagement during open enrollment. Your template should allow you to insert information that is relevant to a variety of employees with different needs regarding their benefits. For example, employees of older generations are likely to have different priorities than Millennials or Zoomers when it comes to their benefit options. Additionally, long-time employees who are looking to modify their benefits will require different information and instructions than new employees who may not have enrolled in benefits during a previous period. ### Language and readability Your template should avoid the use of too much jargon. An open enrollment communication needs to be accessible, so including only common vernacular and clear statements is critical to ensuring all of your employees will be able to understand the message. Using a simpler language also ensures that your template will easily translate into different languages. Employees for whom English is a second language may benefit from the clarity that reading your open enrollment instructions in their preferred language will give. And when translating into other languages, do not rely on an online solution; solicit the services of a professional. ## Open enrollment communication template example Here’s an example of a clear and accessible open enrollment communications template. _Hi team,_ _We are once again reaching our benefits open enrollment period for \[year\]._ _\[Organization\] has decided to continue using \[open enrollment solution or software\] this year, so previous users will be able to access the portal with last year’s login information. New users can create an account \[here\] or reach out to \[HR professional\] for assistance._ _Follow these steps to complete the benefits selection process:_ **_Step 1:_** _Log into the \[solution\] portal._ **_Step 2:_** _Confirm that all personal information is correct and up-to-date._ **_Step 3:_** _Follow personalized enrollment instructions as they are listed in the portal._ **_Step 4:_** _For security purposes, log out and close the \[program/browser\] after completing enrollment._ _Some benefits may be changing this year. Recipients of \[benefit(s)\] can expect to receive an additional follow-up email regarding these changes. All employees are encouraged to make an appointment on the clock with a member of the benefits team to discuss their benefit options._ _Please remember that benefits enrollment closes for the year on \[date\], so make your selections before then, and feel welcomed to reach out with any questions or concerns._ _Happy open enrollment season!_ _\[Sender\]_ ## What’s next? You should expect to communicate frequently with your team leading up to and during your open enrollment period. One of those communications might be a list of the exciting new benefits added to your roster this year — benefits like Origin, a financial wellness solution that helps employees to build better financial futures for themselves and their families with education, estate planning, budgeting, and so much more. See how Origin can improve your benefit offerings and deliver options that can boost your employees' financial wellness. [Request a demo(opens in new window)](https://www.useorigin.com/employers/demo) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836315157&cv=11&fst=1741836315157&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fhow-to-choose-the-right-open-enrollment-communication-template-for-your&hn=www.googleadservices.com&frm=0&tiba=How%20to%20write%20an%20open%20enrollment%20email%20to%20your%20employees%20%7C%20Origin&npa=0&pscdl=noapi&auid=1155999510.1741836315&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Choosing Your Estate Executor We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/choosing-the-right-executor-for-your-estate) By Origin / Published 6.12.2024 When it comes to estate planning, one crucial decision is choosing the right executor to carry out your final wishes. The executor plays a vital role in administering your estate, managing assets, settling debts, and distributing inheritances to beneficiaries. Selecting an executor requires careful consideration, as this individual will hold significant responsibility during an emotionally challenging time. In this blog post, we will discuss key considerations for choosing the right executor for your estate, ensuring a smooth and efficient administration process. ## Understanding the Role of an Executor Before diving into the selection process, it's important to understand the responsibilities of an executor. The executor is responsible for: **a. Probate Process:** Initiating the probate process, if necessary, by filing the Will and other required documents with the appropriate court so that assets in your name can be transferred to the beneficiaries. **b. Asset Management:** Locating and managing assets, including property, investments, insurance policies, and bank accounts, during the estate administration process. **c. Debt Settlement**: Identifying and paying off any outstanding debts or taxes the estate owes. **d. Distribution of Assets:** Ensuring the fair and timely distribution of assets to the designated beneficiaries according to the terms of the Will or applicable laws. Some distributions will be in trust, with trustees responsible for the final distribution process. This will require the executor to use the Will to create certificate of trusts for the beneficiaries. **e. Hiring the Right Professionals**: there will be some tasks that are best suited for a professional, such as a probate attorney, tax specialist, appraisers, etc…. The executor will need to use common sense and proceeds from the estate to hire professionals to assist when needed. ## Trustworthiness and Integrity One of the primary qualities to consider when choosing an executor is trustworthiness. The executor should have unquestionable integrity and honesty, as they will have access to sensitive financial information and will be responsible for carrying out your final wishes. Look for individuals with a track record of ethical behavior and financial responsibility. ## Organizational and Administrative Skills Managing an estate requires excellent organizational and administrative skills. The executor should be detail-oriented, capable of handling paperwork, deadlines, and complex financial matters. Consider candidates with experience in financial management, bookkeeping, or legal matters. Their ability to stay organized and keep accurate records will be crucial throughout the estate administration process. ## Availability and Commitment Estate administration can be a time-consuming process, often spanning several months or even years. Selecting an executor with the availability and commitment to fulfill their duties is essential. Ensure that the individual is willing to dedicate the necessary time and effort to handle the role's responsibilities effectively. If the potential executor has a demanding job or other significant commitments, discuss their availability and assess their ability to manage the estate efficiently. ## Communication and Mediation Skills An executor often liaises between beneficiaries, family members, and professionals involved in the estate settlement. Strong communication and mediation skills are vital to maintaining open lines of communication, addressing conflicts, and facilitating smooth interactions among stakeholders. Look for an executor who is diplomatic, approachable, and capable of handling potential disputes or disagreements that may arise during the estate administration process. ## Professional Assistance and Backup Executors In some cases, it may be beneficial to seek professional assistance. Financial advisors can provide valuable guidance and support to the executor. Additionally, consider appointing backup executors in case the primary executor is unable or unwilling to fulfill their duties. This helps ensure a smooth transition of responsibilities if the need arises. ## Conclusion Choosing the right executor for your estate is a critical decision that requires careful thought and consideration. By selecting an executor who possesses trustworthiness, organizational skills, availability, communication abilities, and possibly seeking professional assistance, you can ensure the efficient administration of your estate and the fulfillment of your final wishes. Take the time to evaluate potential candidates thoroughly, and consult with an estate planning professional to make an informed decision. With the right executor by your side, you can have peace of mind that your estate will be managed responsibly and in accordance with your wishes. Related Articles [Estate Planning\\ \\ Maintaining Family Harmony: Tips for Discussing Your Estate Plan with Loved Ones](https://www.useorigin.com/resources/blog/maintaining-family-harmony-tips-for-discussing-your-estate-plan-with-loved) [Estate Planning\\ \\ Preserving Your Legacy Beyond Finances](https://www.useorigin.com/resources/blog/preserving-your-legacy-beyond-finances) [Estate Planning\\ \\ How to Avoid Probate](https://www.useorigin.com/resources/blog/how-to-avoid-probate) [iframe](https://td.doubleclick.net/td/rul/11000971307?random=1741836314322&cv=11&fst=1741836314322&fmt=3&bg=ffffff&guid=ON&async=1>m=45be53c0v9171078279z8893348290za200zb893348290&gcd=13r3r3r3r5l1&dma=0&tag_exp=102482433~102587591~102640600~102717422~102788824~102791784~102814059~102825837&u_w=1280&u_h=1024&url=https%3A%2F%2Fwww.useorigin.com%2Fresources%2Fblog%2Fchoosing-the-right-executor-for-your-estate&hn=www.googleadservices.com&frm=0&tiba=Choosing%20the%20Right%20Executor%20for%20Your%20Estate%20%7C%20Origin%20Financial&npa=0&pscdl=noapi&auid=645986728.1741836314&uaa=&uab=&uafvl=&uamb=0&uam=&uap=&uapv=&uaw=0&fledge=1&data=event%3Dgtag.config) [iframe](about:blank) ## Lower Your Mortgage Costs We use essential cookies to make our site work. With your consent, we may also use non-essential cookies to improve user experience, personalize content, customize advertisements, and analyze website traffic. For these reasons, we may share your site usage data with our social media, advertising, and analytics partners. By clicking ”Accept,” you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking “Preferences.” Accept [Skip to main content](https://www.useorigin.com/resources/blog/5-ways-to-make-your-mortgage-cheaper#main) [Share on LinkedIn (opens in new window)](https://www.linkedin.com/sharing/share-offsite/?url=https://www.useorigin.com/resources/blog/5-ways-to-make-your-mortgage-cheaper) [Share on X (opens in new window)](https://twitter.com/intent/tweet?url=https://www.useorigin.com/resources/blog/5-ways-to-make-your-mortgage-cheaper) [Share using email (opens in new window)](mailto:?body=https://www.useorigin.com/resources/blog/5-ways-to-make-your-mortgage-cheaper) By Brett Holzhauer / Published 5.14.2024 / Updated 5.15.2024 Homeownership has been one of the landmark ways to build long-term wealth in the United States for generations. And if you've owned your home for the last few years, you've likely seen your home value appreciate. Now, you can see those [real-time changes in Origin with our brand-new Zillow integration](https://app.useorigin.com/sign-up?utm_source=marketing&utm_medium=blog&utm_campaign=zillow). [Connect with Zillow](https://app.useorigin.com/sign-up?utm_source=marketing&utm_medium=blog&utm_campaign=zillow) However, for those looking to enter the market, rising home prices and mortgage rates have made homeownership increasingly challenging. If you're determined to become a homeowner, here are a few ideas to move your monthly mortgage closer to being affordable. ## **The Data Abounds** According to the 2022 [_Survey of Consumer Finances_](https://www.federalreserve.gov/econres/scfindex.htm), the median homeowner has 38 times the household wealth of someone who doesn’t own a home. However, this doesn’t mean that homeownership is a guaranteed ticket to financial resilience. Additionally, it’s not a blanket investment everyone should undertake, especially in a high-rate and high-price environment. A recent [_U.S. News survey_](https://money.usnews.com/loans/mortgages/articles/2024-homebuyer-survey) suggests that two-thirds (67%) of potential homebuyers are sitting on the sidelines until mortgage interest rates come down, with 26% looking for rates to get below 5% before buying. But as inflation remains stagnant, the Fed has clarified that they won’t be meaningfully dropping rates for the foreseeable future. **So should you simply rent forever, waiting for improved economics to give you the green light?** _**We don’t think so.**_ Homebuyers have no control over interest rates set by the Fed, but what you do have control over is the home you purchase and the mortgage terms you agree to. And if you’re in a position where you can afford and are personally ready to buy, a high-interest rate shouldn’t be the sole reason to keep you away from it. Here are five ways you can bring the cost of a mortgage down so you can finally purchase the home you’ve been desiring. ## Shop, shop, shop Right now, the mortgage on your home is more expensive than the actual home itself. Here’s what this means: Let’s say you buy a home for $417,700 (the median [home sales price](https://fred.stlouisfed.org/series/MSPUS)), with a 20% down payment, with a 30-year fixed rate mortgage of 7.22%. If you make the minimum payment ( _$2,273 for principal and interest_) for the entire 30-year mortgage, you will pay approximately $484,000 in interest. This means the home you bought will cost you roughly $900,000 – not including any property taxes, insurance, repairs, or improvements. But if you can work that interest rate down by shopping, you could make a significant difference in your overall costs. Here’s how much you would pay over 30 years. | | | | --- | --- | | Interest rate | Total interest paid over 30 years | | 7.22% | $484,035.28 | | 7% | $466,182.93 | | 6.875% | $456,109.60 | | 6.75% | $446,087.94 | **Simply put: it pays to shop.** Homebuyers can potentially save $600-$1,200 annually by shopping around for the lowest interest rate possible, according to [_Freddie Mac_](https://www.freddiemac.com/research/insight/20230216-when-rates-are-higher-borrowers-who-shop-around-save) _._ So before you run to Zillow ( _although you probably already have_), be sure to talk to multiple lenders and have them compete for your business. The time investment could potentially save you thousands of dollars. ### Look into lenders with full banking relationships Some banks aren’t interested in selling you a mortgage and moving on. Some institutions want to create a full banking relationship where you have the entirety of your financial life with them, including checking, savings, credit cards, and other financial products. As an incentive, they may give you better offerings in terms of rates. If you’re discussing lending options with a bank, ask if they offer full banking relationship discounts. Even a small interest rate discount for moving your money could mean tens of thousands of dollars in savings. ## Loan assumption During the pandemic, millions of people jumped at the opportunity to either purchase or refinance their homes as mortgage rates were at all-time lows. Now, as rates have skyrocketed, those low-interest mortgages on homes have become desirable – and you could still reap the benefits of it through mortgage loan assumption. ### **Here’s how it works** Let’s say that you’re buying the same $417,700 home (reference above) and the seller owes $200,000 on the home at a 3% rate. If they have a qualifying loan, you could simply take over the loan responsibility. However, you would have to come with the difference of $217,700. Additionally, only certain mortgages can be assumed, including FHA, VA, and USDA loans. There are a few hurdles you have to jump through to make this work, including qualifying for the mortgage and verifying they have an assumable loan. If it’s assumable, it could make the home-buying process lengthier. Lenders are not in a hurry to process these as they make [_far less revenue than underwriting new loans_](https://www.wsj.com/personal-finance/mortgages/assumed-low-mortgage-rate-process-1067b6d0) _._ But with patience and due diligence, you could potentially get a mortgage for far cheaper than what people are paying today. ## Buy points down If you have cash on the sidelines outside of your down payment, you may consider simply buying down the interest rate of your mortgage. Each .25% of your mortgage’s interest rate is considered one point, and one point usually costs 1% of the total amount borrowed. Doing this can potentially save you tens of thousands throughout your mortgage. Here’s how those numbers shake out on a $400,000 mortgage with a 7.25% interest rate on a 30-year fixed-rate mortgage. | | | | | | --- | --- | --- | --- | | Points bought down | Effective interest rate | Buy down cost | Net interest saved over 30-years | | 1 | 7% | $4,000 | $24,298 | | 2 | 6.75% | $8,000 | $48,352 | | 3 | 6.50% | $12,000 | $72,156 | | 4 | 6.25% | $16,000 | $95,701 | In most cases, lenders will only let you purchase up to four mortgage points. **Note:** Weigh the options of saving the funds of buying points versus refinancing the entire mortgage if interest rates come down. ## Get rid of PMI as quickly as possible The average down payment on a home varies widely, but in many cases, it’s less than 20% of the purchase price of the home. For those who put less than 20% down, you’ll have to pay a monthly fee for private mortgage insurance (PMI). This is put in place to protect the lender in the case that you default on your mortgage. This fee varies on the mortgage amount, ranging from 0.2% to 2% of the loan amount per year. On a $400,000, 30-year fixed rate mortgage, this would be **$800-$8,000 per year, or $66-$666 per month**. In my case, my PMI was just under $100 a month. However, this fee isn’t forever. **You can get your PMI removed once your home reaches 80% LTV (loan-to-value).** For example, if you buy a $350,000 home with a 5% down payment, your LTV is 95%. You can get the LTV to 80% in one of three ways: pay down the mortgage faster, the value of the home appreciates, or a combination of the two. When you connect your home value to your Origin dashboard, you can see your estimated home value in real time. It may not be exact, but it can give you a good idea of how much equity you have to potentially knock off the PMI payment. I purchased my home with a 5% down payment and had to pay PMI for less than a year. Thankfully, my home value appreciated due to market conditions and improvements I made. After an appraiser gave my home a higher valuation and was now under 80% LTV, the lender removed the PMI from my monthly mortgage payment. Lastly: **once you hit 78% loan-to-value, your lender is required by law to remove PMI.** However, this will only go off of the appraised value when you purchase the home, not the fair market value. ## The bottom line for home shoppers The home shopping landscape can feel extremely frustrating right now as home prices have shot up in tandem with interest rates. If you aren’t fully ready to take on the financial responsibility of a mortgage, that’s perfectly ok. [Renting is cheaper](https://thehill.com/business/4568803-its-cheaper-to-rent-than-buy-a-starter-home-in-top-50-us-metros-report/) than owning in the vast majority of the U.S. And while you’re renting, you can continue to invest in other ways, including the stock market and your retirement accounts. But if you’re ready to buy a home, know the slogan of many real estate agents today: Marry the house and date the rate. Rates will remain elevated for the future, but this doesn’t mean you’re stuck with it forever. 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