A Cure for the Post April 15th Blues If you own a business and you are the only employee, or you and your spouse are the only employees, this blog post is for you. Let’s start with a look in the rear view mirror: How much of your hard-earned small business dollars did you fork [...]
Archive for the ‘Employment’ Category
Sole Practitioner Business Owners: Want to Cut Your Tax Bill?
Posted in Employment, tagged 401(k), business owners, income taxes, self employment taxes, SEP IRA, Simple IRA, small business retirement plan on April 23, 2010 | 1 Comment »
Money Seasons – How Can We Get More Summer in Our Lives?
Posted in Banking, Employment, Investments, Medical & Health Issues, Retirement, Savings, tagged financial goals, financial house, personal finances, saving, summer on April 14, 2010 | Leave a Comment »
Is it winter, spring, summer or fall in your financial house? Following the solstice and assuming residence in the northern hemisphere, winter officially ended March 20 just after lunch and we’ll get to summer June 21 as we sit down to breakfast. Spring is that suspension bridge between the two. Some days are dark, wet and [...]
Give a Man a Fish, You Feed Him for Today; Give a Man a 401(k)…
Posted in Employment, Investments, Retirement, Savings, tagged 401(k), 403(b), Congress, planning, regulation, Retirement on April 5, 2010 | Leave a Comment »
It seems to me a lot of the conversations these days about ‘reform’ are really more of a way to get people to act a certain way, invest a certain way, or own a certain product, rather than promoting ideas that solve the underlying problems. Regulating behavior, rather than teaching how to fend for oneself. [...]
“How Should I Save?”
Posted in Credit/Debt, Education, Employment, Investments, Medical & Health Issues, Retirement, Savings, Taxes, tagged 401(k), college, credit card debt, diversification, emergency fund, lifestyle risk, retirement plan, Roth IRA, saving, traditional IRA on March 31, 2010 | 3 Comments »
In our debt-filled society, I occasionally get the refreshing question from younger clients or friends, “My wife/husband and I are fairly cash flow positive and want to put money aside for our retirement and education goals, however, we are unsure of how or in what vehicles to save. Can you help us?” I like to [...]
The Small Business Owner’s Secret Weapon
Posted in Education, Employment, Investments, tagged business coach, E-Myth, E-Myth Revisited, entrepreneurs, healthcare, International Coaching Federation, life coach, small business, small business owners, unemployment, Worldwide Association of Business Coaches on March 29, 2010 | 2 Comments »
No question about it … times are tough for many small business owners. Difficult access to credit (especially unsecured credit), concerns over sky-rocketing healthcare costs and the seeming inability of Congress to craft workable health insurance reform along with rising private sector unemployment is straining the sanity (and savings) of many entrepreneurs and small business [...]
Annual Fiscal Review: Spending
Posted in Banking, Employment, Home Ownership, Investments, Medical & Health Issues, Retirement, Savings, Taxes, tagged expenses, fiscal checkup, income, loans, Lusardi, mortgage, National Bureau of Economic Research, recession, Savings, Taxes on March 10, 2010 | 3 Comments »
The medical profession used to recommend that everyone have an annual physical. A physical can help identify many diseases in their early stages when you still feel healthy. Most people paid attention to that recommendation and had their body checked out to look for these early warning signs. Some people are also committed to an [...]
Facing the Financial Strains of Unemployment
Posted in Employment, tagged debt, expenses, goals, health insurance, job loss, Retirement, unemployment on March 4, 2010 | Leave a Comment »
Unemployment — it is a subject nobody likes to discuss or even consider. But, it never hurts to be prepared for anything. If you feel your job may soon become a casualty of the recession or you are already unemployed, there are financial steps you can take to prepare for what may be an extended [...]
A Confidence Game
Posted in Credit/Debt, Employment, Investments, Medical & Health Issues, Retirement, Savings, tagged financial confidence, financial independence, The Power to Prosper on March 3, 2010 | Leave a Comment »
What is the difference between financial confidence and financial independence? I define financial independence as accumulating enough money and property to no longer be dependent on employment for living expenses. Achieving this status is something most of us aspire to if for no other reason than to be able to retire from our day jobs [...]
Planning for Uncertainty
Posted in Credit/Debt, Disaster Planning, Education, Employment, Home Ownership, Retirement, Savings, Taxes, tagged financial plan, national debt, personal debt, uncertainty on February 8, 2010 | Leave a Comment »
One of the biggest problems with how we as a nation are addressing — or not addressing — present and future economic problems, such as the national debt, is the uncertainty it creates in your personal financial planning. There are always aspects of uncertainty, but with the level of today’s unknowns, planning decisions are much more [...]