Would you like to be on track for retirement, invest with confidence, pay down debt or student loans and reduce your financial stress by half? Of course, you would! You’re probably thinking it takes a fairy godmother, a unexpected inheritance, or a lottery win to make it happen – but you’d be wrong. The secret may be hiding in plain sight in your employee benefits.

Financial wellness benefits

Employers are competing to hire and retain the best workers by offering financial wellness benefits to help employees maximize their other benefits for their individual situations, tackle tough financial issues, and make progress towards important life goals. Chances are, you may already have access to one or will soon. More than 80 percent of employers plan to offer a financial wellness benefit according to recent research from Aon.

The best workplace financial wellness programs reach employees through a range of channels, including 1 x 1 coaching in person and over the phone, webcasts, workshops, peer to peer groups and online. Not sure how best to use your company’s program? Start here.

Money mentorship for your life goals

Most early career employees aren’t thinking about retirement. Instead, they’re thinking about the competing financial priorities of early adulthood: getting their own place, enjoying life, paying off student loans and, eventually, home ownership, marriage and parenthood. Mid-career employees are typically juggling work and family and the tsunami of bills that comes along with owning a home and raising children. Later career employees are concerned with getting their financial houses in tight shape before retirement. No matter what your goals are, your financial wellness program can help you manage your money wisely and more confidently so you can reach them.

The compounding effect

Financial wellness benefits are more common now, but some large companies such as Aetna, Nestle and Viacom were early pioneers in the financial wellness movement. Our recent research found that repeat users of financial wellness programs that have been in place since 2015 or earlier have benefited from a compounding effect, where gains in financial health have grown incrementally over time.

Read more at Forbes