If you’re a small business owner with a single location, you have complete control over your business. As you get bigger, however, it can be harder, if not impossible, to oversee every situation personally. If you add a new location or even just expand your current one, you may have to trust others to run […]
Most small business owners know they need to have a website, but many don’t take full advantage of all the digital opportunities available to them. This puts them at a disadvantage to larger rivals that boast a robust digital presence well beyond a website. Do this first Before you worry about all the other opportunities […]
THE INCOME YOU EARN AND the amount that ends up in your paycheck can be very different figures. That’s because your gross income is not equal to your net income. “Welcome to America. You’d better understand how the (payroll) system works,” says Mark Fried, author of “Road Rules to Retirement: Set Your Destination Enjoy the […]
Your investments are affected by many different factors, a lot of which you have little or no control. But what you can control is how much you invest and where you invest that money, two things that will likely change as you age. Investing after retirement requires looking at your current financial situation, and then […]
When we think about the expenses that tend to monopolize much of our money, healthcare is clearly a major one for young and older Americans alike. But while it’s one thing to bemoan climbing medical costs, it’s another thing to find yourself in a position where you’re actually unable to pay your healthcare bills. And […]
Social Security is a useful supplement to your personal retirement savings — but that’s all it was ever intended to be. If you’re counting on Social Security to replace most or all of your pre-retirement income when you finally leave the workforce, you’ll be sorely disappointed and wind up struggling to pay your bills at […]
The road to retirement is often paved with financial blunders that cause many seniors to enter their golden years grossly unprepared. But new data from Global Atlantic Financial Group reveals that couples apparently have an edge over singles on the retirement planning front. Only 49% of retirees who are in relationships have regrets about planning […]
Valentine’s Day is just around the corner, and it rarely comes cheap. Consumers are expected to spend $20.7 billion this year, according to the National Retail Federation. That’s about $161.96 per consumer, a six percent increase over last year’s $19.6 billion. For some, Valentine’s Day is the holiday for love. For businesses, it’s an opportunity to […]
When Tanja Hester retired a little over a year ago at age 38, she was considered a personal finance icon to many: She and her husband, Mark, 41, had managed to save enough to live on for the rest of their lives. But she wasn’t always good with money. When Hester was starting out, she […]
In the immortal words of Reverend Lovejoy, “short answer, yes with an if. Long answer, no with a but.” This is going to be one of those articles. How long should you keep your tax records? Forever. That’s the safe answer. Never throw out a 1040 and you’ll be just fine. Your additional records, such […]
Republican Sens. Rick Scott (Fla.) and Mike Braun (Ind.) introduced a bill on Tuesday to end taxpayer-funded pensions for members of Congress. “When Congress failed to do their job and created the longest government shutdown in history, hardworking Americans were forced to go without pay while members of Congress were still collecting paychecks. That is […]
If you read a 401(k) brochure or attend an investment seminar, you might encounter a sentence like this: “Funds in your defined contribution plan feature a glide path that helps mitigate longevity risk in retirement.” Say what? Too often, retirement plan providers rely on jargon to communicate important terms about workers’ 401(K) options, according to […]
