episode 19: it starts with a penny

Darlene Finzer | Financial Fitness | Accounting Podcast
Darlene Finzer, CPA, QKA, CSA, principal and director of Rea’s benefit plan audit services sits down with Mark on unsuitable to talk about financial fitness. Start listening now!

On episode 19, “it starts with a penny,” Darlene Finzer, CPA, QKA, CSA, a principal and director of benefit plan audit services at Rea & Associates discusses the importance of taking control of your finances. By setting personal financial goals and developing a strategy for reaching those goals, you can prepare your bank account for issues that may develop over the course of your lifetime, as well as ensure that you are ready to retire when the time comes. Darlene will also talk about how employees who aren’t budget-oriented could negatively impact business in ways you may not have considered previously. She makes the argument that financial fitness is directly related to productivity, healthcare, absenteeism and occupational fraud. To combat these issues, Mark and Darlene talk about solutions business owners may consider to help get their employees on the right track, including providing holistic, ongoing financial wellness programs.

If you liked this episode of unsuitable on Rea Radio, you may also like episode episode 14, “life is a long race, start saving now,” with Steve Renner, QKA.

financial calculators

Do you need a little help determining your how healthy (or not healthy) your finances are? Our financial calculators can help. Click here to check out this powerful resource center, which includes the following types of calculators to help you take control of your financial wellness.

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Business owners, did you know that your retirement plan design can help your employees become financially fit? Watch this video to learn more!

articles & insight

Don’t Miss Your Chance To Secure Tax-Free Wealth – We already know that making contributions to tax deferred retirement accounts (i.e. deductible IRAs, SEPs, SIMPLEs and 401(k) plans) is the most obvious way to reduce your current year taxes, but with a little planning, you could develop a strategy to avoid paying future taxes as well. Read on to learn more.

Debt vs. Taxes: Should You Pay Off Your Loan? – Have you ever heard someone say they couldn’t afford to pay off their loan because they would lose the interest deduction on their tax return? Although it’s true that the taxpayer will be able to deduct their loan interest at tax time, there’s a lot more to consider – read on to learn more about the tax treatment of loans and interest to identify a repayment strategy that works best for you. Read on to learn more.

Retirement Is Knocking … Are You Ready To Answer The Door? – Traveling to exotic places. Spending hours on the links. Enjoying time with the grandkids. Supporting philanthropic efforts. While these all might be things you hope to do during retirement, do you have any idea the likelihood that you’ll actually get to do them? Read on to find out and gain five practical tips for retirement readiness.

Retirement Roulette – It’s difficult to paint a picture that adequately portrays the retirement readiness of the American people. How prepared the average person is for this phase of their life greatly depends on which report you are reading today. As a whole, however, credible sources indicate that as a population we are simply not prepared to take on the financial responsibility of supporting ourselves later in life, which is a problem that has received a lot of attention from our nation’s leaders. Read on to find out more.

Will You Be Ready For Retirement? – You may have heard the retirement terminology “three-legged stool” used to describe the three most common sources of retirement income: Social Security, employer sponsored retirement plan and personal savings. Many factors affect the strength of each “leg,” so you must continually evaluate what changes you need to make to keep the stool strong and upright. Read on to learn more.

Why Do They Turn Down Free Money?! – Would your employees turn down a 3 percent raise with no strings attached? What if I told you that it happens more often than you think? When your employees choose not to participate in your company’s 401(k) match program, they are essentially leaving free money on the table. Read on to learn more.

Why Saving For Retirement Is Important – Based on our current demographics with the baby boom generation beginning to reach retirement age, it is estimated that in the year 2030, 60 percent of the entire federal budget will be comprised of entitlement programs such as Social Security, Medicare and Medicaid. Read on to find out what you can do.

What Are Ways You Can Ensure You’re Ready For Retirement – Yes, yes. You have a million things going on, and retirement planning may be the furthest thing from your mind. But it really shouldn’t be. In order to be well-prepared for retirement, you need to start now regardless of where you’re at in your career. Read on for five financial requirements you should focus on as you prepare for retirement.

Using Health Savings Plans To Plan For Retirement – Every year employees hear from their employers that their health care premiums, co-pays, and deductibles are all rising. For many of us, it seems that our yearly merit increases are going entirely towards covering the increasing employer provided health care costs. So, what can you do to help ease this pain and plan for the future? Read on to find out.

Americans Falling Short On Retirement Savings – Although a higher percent of American workers are participating in employer-sponsored retirement plans, retirees may still not be saving enough for their retirement and may risk outliving their retirement assets. More individuals are also withdrawing retirement savings before they actually retire. Those are the findings in a report released by the Treasury Inspector General for Tax Administration. Read on to learn more.

Are You Secure? Cyber-Security Threats For Employee Benefit Accounts – Federal solutions group RSA’s Anti-Fraud Command Center detected more than 25,000 phishing attacks, the most recorded in a one-month period. A part of the reason: Employees are increasingly being deceived into providing personal information through their employee benefit accounts. Read on to find out what you can do to protect yourself.


Click here to read the full transcript of episode 19: it starts with a penny.