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2023 Financial Forecast: How to Prepare for the Year Ahead

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Admittedly, that’s not much of a time difference, but then again, somehow it’s almost time to bring out the 2023 calendars. Although a trusty crystal ball may help you avoid any pitfalls, there are bound to be both good and bad surprises that await you in 2023. What does financial security look like in 2023?

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What Is An ESOP? Here’s What You Need to Know

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You may be familiar with the standard retirement plans many companies offer, like traditional 401(k)s. You might not be as familiar with a retirement benefit plan commonly called an ESOP, meaning an “employee stock ownership plan.” An ESOP retirement plan is customized based on the company. What are the rules of ESOPs?

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The Biggest Financial Mistakes to Avoid in Your 20s

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A turbulent housing market: 2023 was the most expensive home-buying year in a decade. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds. Soaring food prices: grocery prices have increased by 25% over the past four years.

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The Biggest Financial Mistakes to Avoid in Your 20s

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A turbulent housing market: 2023 was the most expensive home-buying year in a decade. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds. Soaring food prices: grocery prices have increased by 25% over the past four years.

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Business finance: The ultimate guide for non-finance people

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In fact, ROBS is currently the most popular form of business financing in 2023. This is known as equity financing, where investors provide capital by purchasing partial ownership of the company (via stocks and shares). Primarily, if your business venture fails, you’ll lose your entire retirement fund/401k. What is a ROB?

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What Are I Bonds and Should I Buy Them?

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When you purchase an I bond, the fixed rate will remain your interest rate until you cash it in. As of May 1, 2023, the combined rate is 4.30%. It will remain that until November 1, 2023, when the Treasury Department will adjust the rate based on the economy and inflation reports. As of May 1, 2023, the combined rate is 4.30%.