Managing Your Money and Your Expectations For Retirement

Retiring from work is one of the biggest changes in life, and it can be a source of worry and stress, especially with regards to financial stability. Relying on investments and savings rather than a monthly salary can seem daunting, but a little planning goes a long way, especially if you do so sooner rather than later.

Social Security Benefits: Planning for Your Future

Social Security is the common name for the United States federal government’s Old-Age, Survivors, and Disability Insurance (OASDI). The program guarantees the nation’s most vulnerable citizens can depend on a minimum sustenance and care support. Taxpayers fund Social Security through payroll taxes, self-employment contributions, and IRS investment of these funds into special government trusts. The Social Security Cost of Living Act (COLA) guarantees increases in benefits amounts to account for inflation but in recent years the official inflation rate has been low enough that they have not given Cost of Living increases. Americans become eligible to draw Social Security benefits when they reach age 62 but depending on the year you were born you may not get full benefits until you are 67 (or older). To ensure you will receive your full Social Security benefits when the time comes, you need to begin planning for your future now. The following measures can help you plan for and protect your benefits.

Questions Regarding U.K. Employment Law and PILON

Can I receive my payment in lieu of notice tax free in a settlement agreement? A settlement agreement will often bring an employee’s employment to an end without the need to work the notice period.  Instead, the employee receives a payment based on what they would have earned during their notice period. This is known […]

Protect Yourself Against Retirement Fraud

People who retire have worked many years to earn what they have. Retirement accounts such as pensions, 401Ks and IRAs are carefully funded and managed over the employee’s working life to ensure there will be enough money in them to provide for the person’s retirement. Unfortunately, there are many people out in the world whose goal is […]

Health Insurance Options for Unemployed Workers

Health Insurance Options- Finding yourself without a job is stressful. There are many decisions to make when you are unexpectedly laid off, and the worries are overwhelming. Healthcare – or lack thereof – often tops the list of concerns for the newly unemployed. Although many people automatically opt for COBRA coverage after learning that their […]

How Redundancy Insurance Can Help You Cope With the Risk of Unemployment

Editor’s Note: In the U.K. unemployment insurance is called redundancy insurance and it is available from private insurers. In the U.S. although there is State Unemployment Insurance it is difficult if not impossible to find supplemental (private) unemployment insurance although John Hartline, an insurance industry veteran, tried to get insurance companies to provide it, as reported […]

Does Usage Based Car Insurance Offer a Route to Lower Rates?

Usage-Based Car Insurance For most American drivers, car insurance is not only legally mandated but is a real necessity. However, it’s now becoming possible to sign up for as pay-as-you-drive, or usage based car insurance. If you don’t drive very much, it can give you lower rates. However, there are certain things to know before you […]

Fleet Leasing

Fleet Leasing provides the option of giving employees a company car that he or she can use in order to work better and with more efficiency. If your company is thinking of getting multiple cars, there are a lot of options for you to choose from. Obviously, the trick is to find the options that […]

Keeping Worker’s Compensation Insurance Affordable

How Business Owners Can Keep Worker’s Compensation Insurance Affordable – With the recent hits to the economy, changes in law, and other sorts of changes in the workplace, costs of maintaining workers compensation insurance for companies, and in particular for small businesses, are rising unpredictably.  Some of this can be caused by your state’s assigned […]

How to Choose a Small Business Retirement Plan

Small Business Retirement Plans- As a small business owner, you may decide to offer the benefit of a retirement plan to your employees as one of several strategies to obtain and retain the best workers. There are a number of options available, including Simplified Employee Pension (SEP) plans, Savings Incentive Match Plans for Employees (SIMPLE) Individual Retirement […]