Deadline looms for small businesses to offer retirement accounts
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Misconceptions thwart successful retirements
By Chia-Li Chen My husband has been pushing me for some time to retire early. My answer has always been “no.” Now I have recently published peer-reviewed research to back me up. I took U.S. government population data, including the Survey of Income and Program Participation from the Census Bureau, and used simulations to measure Read More →
Chien: Myths about business succession
By Chia-Li Chien Anyone can start a business, but maintaining a successful business requires careful and deliberate actions. Successfully cashing out is even harder. Peter started his restaurant business with three partners 20 years ago. BG Inc. is located in a quaint New England town that has a great reputation. Peter is approaching 70. He Read More →
Prepare for an exodus of business owners
By Jim Wisdom Throughout their lives, baby boomers have had a profound impact on our society. One key reason for their large influence is the sheer size of their generation, which is estimated to be about 76 million people. According to John Dini, a prominent exit planning strategist and author of the book “Your Exit Read More →
Tri-county cities face budget shortfalls, rising pension costs
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Entrepreneurs should plan for retirement
By Lee Schuh Few entrepreneurs really think about preparing financially for retirement. Too many are depending on Social Security. Frankly, Social Security is only a safety net and not intended to be anything else. You are not going to have a very satisfactory retirement if Social Security is the major financial contributor. When asked Read More →
New adviser rules may bolster retirement plans
New rules for financial planners advising retirement plans and Health Savings Accounts could have an unexpected benefit for small businesses. The rules, from the U.S. Department of Labor, place new “fiduciary” responsibilities on financial advisers and consultants. They must pick the most economical plans – without regard to their own compensation — when advising clients. Read More →
