Summary: If you worry that inflation will diminish your retirement savings, or that you’ll outlive them, you might want to invest in annuities. Annuities are not subject to IRS contribution limits, are less volatile than market investments and offer a pension-like cash flow. Click through to learn more. An annuity is a contract between you […]
Summary: Business plans have to be flexible because they need to be adaptable to factors that could affect them in the future. That’s why management always has to be on the lookout. Click through for some advice on creating strategic business plans in the post-COVID-19 world. Not only do business plans take time to fully […]
Retirement plans are becoming more supercharged. Auto-enrollment and other key provisions are being phased in, meaning big changes are on the horizon for both employees and employers. Click through for more information about these changes and key details regarding the Setting Every Community Up for Retirement Enhancement Act 2.0. The SECURE Act 2.0 has a […]
As a general rule of thumb, you usually have to start withdrawing from your IRA, SIMPLE IRA, SEP IRA or other retirement plan account when you reach the age of 70 1/2. Click through to read all about how you can instead wait to start taking out withdrawals when you turn 72. When making minimum […]
Income can come in the form of money, property or services, but how do you know what is taxable and what is nontaxable? Click through for guidance on how to tell the difference based on certain circumstances. In general, income is taxable unless it is specifically exempted by law. Such taxable income must be reported […]
Markets never move in straight lines. Dramatic bear market rallies can make up many points of lost ground at warp speed. Investors pile in, driven by fear of missing out and other factors. Click through for some thoughts to help you remain a rational investor. After a first burst of excitement, keen buyers may reconsider […]
Do you have employees who earn $60,000 or less? If so, you can help them take full advantage of the Earned Income Tax Credit because, in most cases, they are eligible for it. Click through to learn about how many earners miss out on this beneficial tax credit just because they either have never heard […]
One of the benefits of owning a home is the tax deductions you can claim. You can deduct the interest that you pay during the year, which could result in significant savings on your income taxes. But how do you claim this deduction? Click through to find out.When you make your mortgage payment each month, […]
Did you know that you can start receiving Social Security benefits at the age of 62, 70 or anytime in between? The longer you wait, however, the more you’ll receive per month, though for a shorter period of time. Click through to work out your decision and determine how to make such tough calculations.How does […]
Certain groups of people are protected from employment discrimination under the law. These groups are called protected classes. But who is included in these groups? Click through to learn more about protected classes in employment.According to the Equal Employment Opportunity Commission, “to ‘discriminate’ against someone means to treat that person differently, or less favorably, for […]