A way to “sweeten the pot” and retain executives and managers. A job that is simply too good to leave. Businesses arrange “golden handcuffs” or “golden handshakes” agreements with key managers to reward loyalty and promote retention. A golden handcuffs strategy can make a management position...
WEEKLY QUOTE“Heroes are not known by the loftiness of their carriage; the greatest braggarts are generally the merest cowards.”– Jean-Jacques Rousseau WEEKLY TIP Think of making a three-pronged attack on future college expenses. Assets from a 529 plan or other form of college savings fund can be complemented by...
Some bulls see great opportunities in this correction. “The lower things go, the more I buy.” The legendary Warren Buffett said those words on August 9 in a chat with Fortune. Buffett is a buy-and-hold kind of guy, and even if you don’t buy into his...
WEEKLY QUOTE“Is there anything better than to be longing for something, when you know it is within reach?” – Greta Garbo WEEKLY TIP Should your adult children ask you to help them out with business financing or a down payment on a property, refrain from saying yes until you determine...
Rounding up the rankings of places to be (and not to be) financially. Do you live in one of the worst tax states for retirees? Are you fortunate enough to live in one of the best states to do business? Here is a roundup of the...
Unimpressed with U.S. deficit reduction plans, S&P delivers on its warning Unprecedented and unsettling. Standard & Poor’s issued a historic downgrade of U.S. debt on August 5, sensibly waiting until the market week had concluded to send a shock wave toward global investors. It reduced America’s...
WEEKLY QUOTE“You have to expect things of yourself before you can do them.” – Michael Jordan WEEKLY TIP If you are presently retiring, moving or divorcing, try tracking all of your expenses for the next few weeks or months. Big life changes like these may mean big revisions to your...
If we slash trillions from the federal budget, what does that do to our GDP? The summer of discontent stretches on. As July ebbs into August, we have no resolution on the federal debt limit issue. The possibility of default is still in play. Republican leaders...
WEEKLY QUOTE“It takes a long time to grow young.” – Pablo Picasso WEEKLY TIP Try to pay for nights out with cash. Dinner and a movie might turn into a $150 night on the town; why pay 14% interest on the memory? WEEKLY RIDDLE There are 2 nouns in the English language that...
Seemingly insignificant charges in retirement plans can add up. So much fine print goes unread. Few people realize how significantly 401(k) account fees can impact their retirement savings efforts. AARP recently conducted a poll of 401(k) participants and the results were eye-opening: 71% incorrectly assumed that...