Reaching retirement is perhaps one of the most exciting celebrations in one’s life. For the individual retiring, it’s the culmination of years of hard work and one last big milestone. For the colleagues and co-workers of the individual, it’s a fond farewell, rife with gratitude for their efforts as well as mourning the loss of […]
Retirement
How SMEs Can Help Employees Save for Retirement
Small and Medium Sized Businesses (SMEs) are major employers. While large corporations are more likely to make the headlines for their employment practice, SMEs actually employ a higher percentage of the workforce. Many people associate working for an SME with a better working environment and less stress – but there can also be downsides. For […]
4 Biggest Misconceptions About Defined Benefit Plans for Small Business Owners
Whether you are a business owner or employed, you will need to retire at some point. As a small business owner with employees, you are also responsible for setting up a retirement plan for yourself and your employees. A defined benefit plan allows small business owners an avenue to save more money for retirement than […]
Have You Given Enough Thought to Succession Planning?
If you run a business, then you’ve spent years – likely decades – carefully nurturing it through the many trials and tribulations that come with modern business. It is, quite literally, your life’s work, so naturally as you start to look towards retirement the question of what happens to the business once you’re travelling the […]
6 Ways Entrepreneurs Can Save for Retirement
Retirement is what most entrepreneurs look forward to reaching later in life. Yet, a retirement plan does not materialize on its own as it requires taking several actions. Entrepreneurs need to look into retirement options, planning, and money-saving. Selecting a retirement plan and deciding on the size of the nest egg will not be the […]
5 Ways to Double Your Money Before You Retire
Everyone hopes to have a pleasant and peaceful retirement. But planning for your retirement can be the most confusing part. Unfortunately, it’s not a challenge many people can handle. Whether you’ve just secured a job or you’re about to retire, you can still double your money. Finance experts will tell you that doubling your savings […]
How Stock Investing Apps Can Help You Plan For Retirement
When planning for your retirement, you’ve got to have more than just a savings account. While the bank often has stable savings accounts options, the growth of your money may be slow. It can only safely be considered as a secure place to put in your hard-earned money. This is where investing in the stock […]
Retirement vs. Reinvestment: How Should Business Owners Plan for the Future?
When you’re a business owner, you — and only you — are responsible for your financial future. As you grow your business, it can be difficult to tell whether you should save any extra funds for your retirement or reinvest them into your business. Although strong cases can be made for both sides, consider making […]
Not Ready to Retire? Consider Franchising
For many of us, we spend years looking forward to retirement only to discover that it only takes a few weeks to do all of our projects around the house and get sick of daytime television. So, what’s next after retirement? It could be franchising. Franchising can be a great alternative to retiring because there […]
The CARES Act and Early Retirement Withdrawals
The Coronavirus Aid, Relief, and Economic Security Act, Pub. L. No. 116-136 (CARES Act), provides relief to eligible individuals taking withdrawals or loans from qualified employer retirement plans and Individual Retirement Arrangements (IRAs). Coronavirus-related withdrawals and loans Individuals may be eligible for coronavirus-related relief on withdrawals from qualified employer retirement plans or IRAs and on […]
