1,671 results found
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It’s IRA Season – Ensure Your Assets Are Optimally Invested
Contributing to a traditional IRA or a Roth IRA by April 18 (or April 19 for Maine and Massachusetts residents) is your opportunity to cut your 2021 income taxes with a traditional IRA or get tax-free growth with a Roth, assuming you’re eligible.
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What Employers Need to Know about 401(k) Plans
In a tight labor market, businesses need a retirement savings plan to recruit and retain good workers. In fact, about 80% of Americans work for an employer with a 401(k)-style retirement plan. In the following conversation, Robert Diedrich, president-wealth management division, First Midwest Bank, discusses recent rule
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How Small Businesses Can Use Credit Wisely In A Tough Economy
It’s important to remember that credit alone isn’t a growth strategy. For lasting success, credit cards should be used intentionally, with a strategy behind them.
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How to Bulletproof Your Ecommerce Business for Demand Volatility
Ecommerce companies have had a range of challenges to overcome in the last couple of years. Problems with global supply chains, delivery issues, and
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No Summer Vacation This Year? What to Do with the Money You’ve Saved
From spring through summer this year, we’ve seen travel get disrupted by COVID-19. Some countries have even banned international travel to help contain the virus. SEE MORE COVID-19: A Once-in-a-Lifetime Chance to Change Our Spending HabitsClients at my firm who began planning dream vacations many months ago have been a
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Cost-Cutting Tips for your Small Business
Nearly 50% of new businesses fail within their first few years of operation. Although many enterprises strive to increase their revenue by increasing
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Don't Get Taxed by Surprise: Year-Round Tax Planning Tips
By Brad Wright, CFP ‘Tis the season…for taxes. Actually, you should be thinking about taxes year-round. Yes, good times indeed, but when it comes to
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Eleven Financial Fundamentals Every Small Business CEO Must Know
Regardless of the size of the business, the ultimate responsibility for success lies with the CEO. If you’re a small business owner, that’s you. And the most critical CEO tasks that result in success or failure lie in the knowledge and practice of financial management fundamentals. Recent statistics show that over half
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Fed's Powell sees US boom ahead, with COVID still a risk
WASHINGTON (AP) — The U. S. economy is poised for an extended period of strong growth and hiring, the chair of the Federal Reserve said in an interview broadcast Sunday, though the coronavirus still poses some risk. Chair Jerome Powell, speaking to CBS' “60 Minutes," also said that he doesn't expect to raise the Fed's
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How Low Interest Rates Can Affect Retirement
Have recent interest rate cuts impacted retirement? The short answer is yes. Things can get complicated, but low interest rates do have long-term effects on the economy and could alter your retirement planning. Retirement Income One of the most obvious short-term effects to lower interest rates is a decrease in income