Posts made in November, 2012

What Happens When a Business Partner Dies?

Posted by on Nov 29, 2012 in Life | 0 comments

Jake and Randy, two close friends, went into business together as young men. Recently out of college, they got together and formed a partnership distributing aircraft parts to small plane mechanics. Soon they formed a corporation, each with 50 percent of the business. Each man attended the other’s wedding. The business was prospering. Then Randy died in a car accident at the age of 45. What happened then happens at too many small businesses. Both families had most of their net worth tied up in their small business. When Randy died, though, his 50 percent interest in the company...

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Other Ways To Save For Retirement

Posted by on Nov 26, 2012 in Retirement | 0 comments

Besides periodic IRA contributions and elective salary deferrals into 401(k) and 403(b) plans, there are other ways to amass retirement savings, some of them often overlooked. Put tax refunds & tax savings to work. If you get a few hundred back from the IRS, that is not an insignificant sum. You could save it or you could invest it with the potential to compound that money. The same goes for the dollars you save as a result of tax credits or tax breaks. Relocation. Ever thought about living where lifestyle costs are less? Moving to a cheaper part of the country might cost you a few...

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Promoting Wellness to Combat Absenteeism

Posted by on Nov 23, 2012 in Human Resources | 0 comments

The Zombie apocalypse is upon us, it’s real, and it costs employers billions, studies show. But the Zombies aren’t taking the form of the undead rising from the grave in a quest to consume the living. Instead, it’s taking the form of exhausted, sick, injured or demoralized employees showing up to work, but for whatever reason not performing to their full productivity potential. That’s the conclusion of a new study out of Brigham Young University, which concluded that when it comes to damage to employers, the cost ratio of presenteeism versus absenteeism is as three is...

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Why You Should Keep Contributing to your 401(k)

Posted by on Nov 19, 2012 in Retirement | 0 comments

There is seldom a dull moment on Wall Street. Stocks may rise or fall dramatically over the course of a year or a decade. Sometimes, breaking news may tempt you to pull money out of your 401(k) or greatly reduce your contributions. If you’re considering such a move, think twice. Don’t stop saving for retirement. Even if you think you’re wealthy enough to forego putting money in your 401(k) for a while, you could end up seriously shortchanging your retirement savings potential by reducing your retirement plan balance or elective salary deferrals. A 401(k) plan is a terrific retirement...

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Study: 60 Percent of Small Businesses Benefit from Wellness Programs

Posted by on Nov 15, 2012 in Employee Benefit Program, Health | 0 comments

More than 9 in 10 small business owners believe that their employees’ overall health and wellness is an important contributor to their bottom lines. Further, among small employers with fewer than 50 employees, with just two to nine employees, about 60 percent of small business owners believe that employee health and wellness programs are worth the investment. This was true even of employers with fewer than ten employees. That figure scales up substantially for larger employers: Fully 73 percent of those reporting with 50 to 100 employees believe their employee health and wellness plans...

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