Financial Planning
Health and Financial Wellness
Your financial plan is about your goals and finances. But is it also about your health?
In a recent blog post on the Forbes.com website, financial planner and medical professional Carolyn McClanahan suggests that your health status may be a crucial input into your overall financial plan.
Why? Because it helps you know how long your […]
Migrating to Opportunity
Companies tend to reward loyalty in their employees. Right?
A recent article on the Forbes website uses simple math to suggest that loyal employees who stay employed at the same company for over two years at a time might be earning 50% less over 10 years, compared with less-dedicated workers who seek opportunity elsewhere.
The reasons […]
Managing Debt While Saving for Retirement
It’s a catch-22: You feel that you should focus on paying down debt, but you also want to save for retirement. It may be comforting to know you’re not alone.
According to an Employee Benefit Research Institute survey, 18% of today’s workers describe their debt level as a major problem, while 41% say it’s a minor […]
How to Avoid Becoming the Victim of a Cybercrime
Each time you connect to the Internet, you risk becoming the victim of a cybercrime. It’s the price we pay for living in a digital world — whether it’s at home, at work, or on your smartphone.
According to the Identity Theft Resource Institute, the number of U.S. data breaches in 2016 increased by 40%. And […]
Aging Dilemma
Should today’s 70-year-old American be considered “old?” How do you define that term these days? Statistically, your average 70-year-old has just a 2% chance of dying within a year. The estimated upper limits of average life expectancy is now 97, and a rapidly growing number of 70-year-olds will live past age 100.
Perhaps more importantly, today’s […]
Aging Without Support
Probably the most forgotten minority in America is the “elder orphans”—aging retirees who no longer have a spouse (if they ever had one), no kids and no caregiver.
According to The Gerontologist magazine, about one-third of 45 to 63-year-olds are single, and most of them never married or are divorced. Meanwhile, about 15% […]
How Much Can I Deduct if I donate My Car to Charity
If you donate your car to charity, you can claim an income tax deduction for the donation if you itemize your deductions on your federal income tax return.
The fair market value (FMV) of your car represents the maximum deduction you may take on your federal income tax return. Certain commercial firms and trade organizations publish […]
If I Donate Used Property to Charity, What Documentation is Needed?
The documentation needed to obtain a federal income tax deduction for donating used property to a charity typically depends on the value of the property. In general, do not attach the documentation to your income tax return. Keep the records so that you can provide them to the IRS if requested to do so.
If you […]
Does Your Business Need a Buy-Sell Agreement?
When you’re mired deep in the day-to-day challenges of the management of your business, it’s often hard to step out of the trees and take a good hard look at the forest. But at various points in the business cycle, it’s important to do just that. For example, one of the key decisions you’ll need […]
For Women, A Pay Gap Could Lead to a Retirement Gap
Women in the workforce generally earn less than men. While the gender pay gap is narrowing, it is still significant. The difference in wages, coupled with other factors, can lead to a shortfall in retirement savings for women.
Statistically speaking
Generally, women work fewer years and contribute less toward their retirement than men, resulting in lower lifetime […]
