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Why Small Businesses Must Go Narrow (Extremely Narrow) to Survive
The path to success runs through radical specialization.
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10 pandemic-related challenges likely to plague employers for foreseeable future
While employees and employers alike have been eager (for months now) to get back to work as it used to be, the reality is that the workplace has changed — and possibly for the long term. Speculation abounds that this "new normal" will persist until there is a widely available and effective vaccine. This leaves employer
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5 Types of Loans to Consider For Your Small Business
Loans are a viable option for small businesses to access finance. Banks, credit unions, and other financial institutions frequently provide these loans, which can be put toward everything from merchandise and equipment to real estate and even serve as a lifeline for cash flow in times of expansion and contraction. 5 Ty
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5 Ways The CARES Act Impacts Retirement Planning
In response to the halting U. S. economy, set off by the coronavirus pandemic, the federal government has passed a massive emergency funding bill to protect and support American businesses, hospitals and individuals. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is a far-reaching bill with over 1,0
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Borrowing from your 401(k) plan can be helpful in accessing funds when you need it - here's what to know
A 401(k) loan allows you to borrow money from your retirement account and repay it within five years, with interest. A 401(k) loan isn't the same as a withdrawal, but there are still specific rules to follow. Any funds borrowed through a 401(k) loan won't grow, so you should borrow funds only as a last resort. Visit In
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How the SECURE Act Will Impact Retirement Savings
With the decline of traditional pensions, most of us are now responsible for squirrelling away money for our own retirement. In today's do-it-yourself retirement savings world, we rely largely on 401(k) plans and IRAs. However, there are obviously flaws with the system because about one-fourth of working Americans have
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Life Insurance and the Demise of the Stretch IRA
Since their introduction in 1974, IRAs have become one of the most popular tools for retirement savings. And with an average of one out of three Americans now owning an IRA, they are also among the most significant assets addressed in many estate plans. Although funding retirement remains the primary purpose of an IRA,
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Merged, Separate, or Hybrid? The Ultimate Guide to Finances for Couples
Whether you’re striving to buy a home, pay off debt, or save for a secure retirement, your financial setup should support you, not burden you.
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Six Myths Surrounding The 2021 Employee Retention Tax Credit
Businesses around the country have been slow to evaluate, or quick to assume they are ineligible for, the 2021 Employee Retention Credit (“ERC”). The result: a significant amount of cash is still being paid to the Federal government when it could remain with companies that need it. In 2021 the maximum amount of ERC is
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The elimination of the Stretch IRA: 7 strategies to consider
It used to be that you could leave your IRA to your children after you die and they could stretch the taxable withdrawals out of that IRA account over