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Seven Financial Books Party City Holdco Employees Must Read

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Healthcare Provider Update: Healthcare Provider for Party City Holdco Party City Holdco employees generally receive healthcare coverage through various major health insurance providers, including large insurers like UnitedHealthcare, Aetna, Anthem, and Cigna. These providers offer a range of plans tailored to meet the needs of employees while also adhering to regulations regarding healthcare coverage. Potential Healthcare Cost Increases in 2026 In 2026, healthcare costs are anticipated to surge significantly, with many employers projecting a median increase of around 10%. This escalation is primarily driven by spiraling medical expenses, including high-cost specialty prescriptions, and the expiration of enhanced subsidies under the Affordable Care Act (ACA). With certain states facing premium hikes of over 60%, individuals enrolled in the ACA plans may see their out-of-pocket expenses rise sharply, creating financial strain for many, particularly those approaching retirement. Employers and employees alike will need to prepare strategically to navigate these rising costs effectively. Click here to learn more

Navigating the multitude of options available to secure a financially stable future can often feel overwhelming when it comes to personal finance. There are many options and complicated advice available when deciding whether to concentrate on paying off debt, making prudent investments, or increasing income. However, it is possible to become financially independent, as many professionals who have written enlightening books to assist people in this process have attested.

In an effort to simplify this extensive collection of resources, the esteemed Kiplinger Advisor Collective—one of the top organizations in the personal finance space—has selected seven exceptional books that offer priceless financial management guidance.  These choices are tools for changing your financial perspective and behavior, not just books.

Napoleon Hill's 'Think and Grow Rich'

'Think and Grow Rich,' a famous book by Napoleon Hill, is highly regarded as a success guide. It shows that financial success is achievable with a strong belief in one's objectives, a well-thought-out plan, unrelenting pursuit, and teamwork. Dennis Futch of The Tax Shop said that one of the main tenets of Hill's teachings is this idea of self-belief and perseverance, citing the book as a crucial resource from his high school years. Party City Holdco employees can find great value in Hill's principles, applying them to both personal and professional goals.

William D. Danko and Thomas J. Stanley's 'The Millionaire Next Door'

This book explores the behaviors of those who have subtly amassed riches. It highlights ideas like the importance of compound interest and living within or below one's means. According to Dennis McNamara of wHealth Advisors, the book changed his perspective on wealth and gave hope that anyone from a low-income background might achieve the dream of becoming a millionaire. Party City Holdco employees can draw inspiration from these strategies to enhance their financial stability.

'Your Money Vehicle: How to Begin Driving to Financial Freedom!' by Collins Jedidiah

The work of Jedidiah Collins focuses on financial literacy, an important but sometimes disregarded facet of education. The goal of his book and the instructional program that goes along with it, Money Vehicle, which has been embraced by schools in more than 20 states, is to give young people the fundamental money skills they will need as adults. Lifestyle Investor Justin Donald supports this strategy, emphasizing its immediate advantages and useful uses. Party City Holdco employees, particularly those with children, can benefit from the principles taught in this book.

George S. Clason's 'The Richest Man in Babylon'

The everlasting financial lessons found in George S. Clason's book are told through ancient Babylonian parables. It is praised for its simple financial guidance that holds true both now and in the past. This book, according to Wasabi Technologies' Amrita Choudhary, has had a significant influence. She notes that its ideas may be immediately implemented to achieve wealth and financial stability on an individual basis. Party City Holdco employees can utilize these timeless principles to secure their financial futures.

Dave Ramsey's 'The Total Money Makeover'

Dave Ramsey's strategy starts with debt removal and consists of a number of doable actions leading up to financial recovery. 'The Total Money Makeover' presents a methodical approach to financial planning that prioritizes behavioral modification above intricate financial strategies. This book is recommended by Black Briar Advisors' Stephen Nalley for individuals looking for a disciplined route to financial freedom. Party City Holdco employees looking to eliminate debt and achieve financial independence will find this book particularly useful.

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Richard Carlson's 'Don't Sweat the Small Stuff...and It's All Small Stuff'

Richard Carlson's book conveys a philosophy that can have a significant influence on financial decision-making, even if it is not solely about money. It shows how important it is to keep your attention on the important things and not get too worked up over little things. Bob Chitrathorn, of Simplified Wealth Management's Wealth Planning division, values the life lessons that extend to personal money. Party City Holdco employees can benefit from Carlson's advice to maintain focus on their long-term financial goals.

Robert Kiyosaki's 'Rich Dad Poor Dad'

In his books, Robert Kiyosaki promotes financial wisdom and the purchase of income-producing assets rather than frivolous expenditures. Even if he doesn't share all of Kiyosaki's viewpoints, Zain Jaffer of Zain Ventures values his honest analysis on the responsible use of debt. Party City Holdco employees can apply Kiyosaki's lessons on investing and asset management to grow their wealth.

From strategic planning and investment to comprehending the psychological aspects of money management, each of these books presents a different perspective on personal finance. These books offer a strong basis for anyone, including Party City Holdco employees, wishing to improve their financial plan to build a thorough understanding of how to obtain and preserve financial independence.

The significance of estate planning in financial literacy is growing, according to recent studies, especially for people who are nearing or have already reached retirement. In 2022, the American Association of Retired Persons (AARP) conducted a survey which revealed that while more than 60% of Americans over 50 acknowledge the need of estate planning, fewer than half have revised their wills or estate plans during the previous five years. This highlights a significant void in financial literacy, which these suggested books somewhat fill by encouraging an all-encompassing method of shielding and preserving one's financial legacy.

It would be as difficult to navigate a wide ocean without a chart or compass as it would be to manage your financial destiny without assistance. Like diverse navigational instruments on a ship, the books suggested by the Kiplinger Advisor Collective serve as your navigational tools, each providing unique insights and techniques. With 'Think and Grow Rich' acting as your sextant, helping you visualize and work toward your goals, and 'The Total Money Makeover' acting as your solid helm, guiding you through the rough seas of debt, these books provide you the tools you need to set a course for prosperity and financial security when you're retired.

Party City Holdco employees can greatly benefit from the wisdom contained in these books. By integrating their insights into your financial planning, you can steer your financial ship towards a secure and prosperous future. Whether you're just starting your career at Party City Holdco or approaching retirement, these resources will help you navigate your financial journey with confidence and clarity.

What is the 401(k) plan offered by Party City Holdco?

The 401(k) plan offered by Party City Holdco is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How can employees enroll in the 401(k) plan at Party City Holdco?

Employees can enroll in the 401(k) plan at Party City Holdco by completing the enrollment form available through the company's HR portal.

Does Party City Holdco match employee contributions to the 401(k) plan?

Yes, Party City Holdco offers a matching contribution to employee 401(k) plans, helping to enhance retirement savings.

What is the eligibility requirement for Party City Holdco's 401(k) plan?

Employees of Party City Holdco are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically 30 days.

What types of investments are available in Party City Holdco's 401(k) plan?

Party City Holdco's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Can employees change their contribution percentage to the 401(k) plan at Party City Holdco?

Yes, employees at Party City Holdco can change their contribution percentage at any time, subject to plan rules.

What is the maximum contribution limit for the 401(k) plan at Party City Holdco?

The maximum contribution limit for the 401(k) plan at Party City Holdco is subject to IRS regulations, which may change annually.

Does Party City Holdco offer a Roth 401(k) option?

Yes, Party City Holdco provides employees with the option to contribute to a Roth 401(k), allowing for after-tax contributions.

How often can employees at Party City Holdco make changes to their investment allocations in the 401(k) plan?

Employees at Party City Holdco can typically make changes to their investment allocations on a quarterly basis or as specified in the plan documents.

What happens to the 401(k) plan if an employee leaves Party City Holdco?

If an employee leaves Party City Holdco, they have several options for their 401(k) plan, including rolling it over to another retirement account, cashing it out, or leaving it in the current plan.

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