How to Choose a Business Successor
Finding and hiring the right and qualified successor for your business is a necessary process that ensures the sustainability of your company. The entire process should be approached with due diligence to ensure that the appointed successor shares in your vision and...
3 Tips for Millennials Starting to Save for Retirement
Many millennials are fresh out of college and haven't set up a retirement account or prioritized saving for the distant future. According to a survey by LendEDU, 37% of those between the ages of 22 and 37 haven't started putting away money for retirement. Many face...
Best Practices for Succession Planning
Large businesses, organizations, and corporations should understand the importance of succession planning to the long-term survival of an institution. The legacy of the existing management and top leadership of an organization is normally put on trial when the leaders...
The Differences Between Roth IRA and Traditional IRA
When it comes to retirement savings, most people who have no access to a workplace retirement plan can still invest through an IRA. There are two options in this space, the Roth IRA and the traditional IRA. There are some similarities, most notably the maximum...
Retirement Saving Strategies in Your 40s
By the time you are in your 40s, you should hopefully have a retirement fund established and be set up for a comfortable retirement. Life doesn’t always go as planned. It’s not uncommon for many individuals approaching 50 to need help establishing a retirement...
Consider This Before Retirement
If you are planning to retire in the near future, or trying to get a head start, then there are a lot of things that need to be considered before you do. In addition to ensuring that you have a reliable source of funding to maintain your current lifestyle, you may...
Don’t Delay Creating a Succession Plan
Small business owners simply can not remain in control of the company they have built forever. They may choose to sell the company at some point to do something else or retire and pass the company along to a successor. For this to occur smoothly, small business owners...
Simple Steps to Start Saving for Retirement Today
For many people, retirement is a distant notion and something that will plan for at a later time in their lives. However, failing to properly plan for the time when someone will have either no income or limited earnings could lead to serious financial hardships. The...
Here’s Why You Shouldn’t Put Off Saving For Retirement
If you haven’t started saving for retirement, you should begin right away. Putting off adding to your savings will be detrimental. You’ll have to face several challenges over the next few years, but by starting today you’ll set yourself up for a comfortable...
How to Create a Succession Plan
Creating a succession plan for your business is an important next step. If you or another leader is planning to retire, then you need to have a predetermined course of action to ensure a smooth transition to new leadership during this next phase of the company’s life....