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    1. Your Business Needs a Succession Plan: Here Are the Basics
      In Part 1 and Part 2 of this series on selling your business, we’ve examined the questions facing owners who entered 2020 ready to make their move, breaking down how the COVID-19 pandemic changes the situation and how to increase a business’s value if you decide to delay bringing it to market. There’s another way forwa
    2. How Advisors Keep Families From Feuding In Estate Planning Meetings
      In popular culture, scheming family members often vie to inherit money from a rich relative. Tempers flare, fights break out and aggrieved plotters stew in anger. That level of drama rarely plays itself out in reality. Instead, advisors seek to bring families together to discuss estate planning in a calm, respectful ma
    3. How Consolidations are Affecting the Food & Beverage Industry
      An interview with Michael Bromfield, SVP & Market Executive, First Midwest BankSource: First Midwest BankIn late 2019, Performance Food Group completed its $2 billion acquisition of Reinhart Foodservice, consolidating the largest foodservice distributors in the U. S. to five. Most recently, PFG announced its intention
    4. How Low Interest Rates Can Affect Retirement
      Have recent interest rate cuts impacted retirement? The short answer is yes. Things can get complicated, but low interest rates do have long-term effects on the economy and could alter your retirement planning. Retirement Income One of the most obvious short-term effects to lower interest rates is a decrease in income
    5. How Secure 2.0 Helps Small Businesses Boost Retirement Benefits
      Nearly 75 percent of small businesses don't offer retirement plans to their workforce. The Secure 2.0 Act could change that. It's about to get easier
    6. How the Coronavirus Crisis Might Affect Your 401(k) Benefits
      The next time a global pandemic rolls around, at least we'll know what to expect. The effort to contain COVID-19 in the U. S. has changed how we work, shop, exercise, and socialize. Even our long-term savings habits might be disrupted as employers look to optimize 401(k) benefits to conserve their own cash. According t
    7. How To Be A Stakeholder-Driven Company In A Pandemic
      The world is gripped by fear. The market is plunging. Governments are locking down cities. Many of us are refreshing news sites and Twitter to understand the latest update. Of course, I’m talking about the coronavirus, or COVID-19, an international pandemic that’s leaving everyone anxious.
    8. How To Future-Proof Your Business For The New Capitalism
      With the effects of the novel coronavirus continuing to send shockwaves through the economy, business leaders are, rightfully, worried about the fate of their companies. Those companies that survive certainly will be looking for ways to better prepare for the future. And while most leaders will rightfully turn their at
    9. How to help employees prepare for retirement
      Some of your employees may be supporting their grown children instead of saving for retirement. Yes, you read that right. According to a report by Merrill Lynch and Age Wave, U. S. parents spend $500 billion a year on their 18- to 34-year-old adult children – twice the amount they contribute to their retirement savings
    10. How You Can Avoid an Employee Mass Exodus
      Don't just assume your employees need to work for you. I'm watching a smallish business in its death throes. There are about 50 employees, and I