Small business owners face many challenges, which may become even more significant during inflation. As inflation hit new highs in recent years, small business owners are being tested and challenged by high costs and high interest rates that have caused some to close their doors. So, how do small business owners weather the storm of inflation? Here are a few …
Tax Planning for Small Businesses
For small business owners, tax planning is crucial. Without proper planning, you may find a large portion of your hard-earned profits and savings eaten up by taxes that may not have been so high if you knew better options to pursue. To help you get started in tax planning for the new year, below are a few considerations to make. …
The Importance of Choosing the Right Life Insurance Policy for Your Retirement Years
Life insurance has its benefits, and choosing a manageable life insurance policy is a critical step in your retirement planning. It can help your family cover end-of-life expenses, funeral and burial costs, and pay for estate taxes. It is essential you select a life insurance policy that could benefit you and your family in your retirement years. Here are a …
Navigating May’s Stock Market Outlook
After a strong first quarter for stocks, some April showers rained down as the S&P 500 fell about 4% last month. Hopefully those showers will bring some flowers in May, despite the widely cited stock market adage, “Sell in May and go away.” There is some merit to this old adage because the S&P 500’s best six-month returns have, on …
So You Think You Might Need A Financial Professional? A Guide to National Financial Advisor Day
National Financial Advisor Day is a celebration on April 18 of each year. This date is a time to explore the world of financial professionals and understand how they may help you navigate the complexities of managing your money. Whether you’re new to working with a financial professional or considering seeking more financial assistance, this is a helpful guide to …
The ABCs of Financial Literacy
Learning financial literacy, such as money management, budgeting, and investing, can seem daunting, but is no different than learning how to speak another language. Being financially literate allows you to have a better, more intelligent relationship with your money, allowing you to make financial decisions more quickly and efficiently. Why is Financial Literacy so Important? Financial literacy is vital in …
Social Security Simplified: Common Questions and Answers
Most American workers who earn wage income and pay Social Security taxes via withholding receive Social Security benefits at some point in retirement. While the Social Security Administration has tried to make the process easier to understand and navigate, many questions remain. Whether you are getting close to retirement or even if retirement is still a little way off, here …
An Excellent First Quarter for Stocks
The first quarter is in the books, and it was an excellent one for stocks. The S&P 500 index rode a resilient U.S. economy, easing inflation, rising corporate profits, and anticipation of summertime rate cuts from the Federal Reserve (Fed) to solid gains in March, the fifth straight winning month, and the best first quarter since 2019. With stocks having …
Improving Your Financial Literacy Can Improve Your Business
Financial literacy is essential for your personal financial health and even more crucial for the financial health of your small business. Being a small business owner comes with many responsibilities, one of which is maintaining the company’s finances and helping keep it on track toward a solid financial future. Whether you are just starting to explore financial literacy as a …
Credit Education Month: 4 Ways to Boost Your Credit IQ
March is National Credit Education Month in the U.S., which makes it the perfect opportunity to brush up on your credit basics.1 Whether you’re a credit novice or well-versed in the art of the FICO score, below are four ways to potentially boost your credit IQ. Dissect Your Credit Score Do you know what goes into your credit score? Although the …