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SEP IRA: What You Need to Know About This Retirement Plan Option

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Finding the right retirement plan for your business can take time and effort. One retirement plan option available to business owners and self-employed individuals is the SEP IRA, or the Simplified Employee Pension plan. It allows you to save for retirement based on your earned income. What is a SEP retirement plan?

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The Intimidation Factor: How Fear Influences Women’s Wage Negotiations

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Women can fight for themselves in the salary negotiation process by doing their research and being confident in their experience and abilities. As more states start to require salary ranges to be published, this will help even the playing field between women and men. A good HR team will fight for salary equality, and many do.

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Lawsuits, Lost Expertise And Bad Morale: The Steep Risks Of Ignoring Older Employees

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She says that all companies need to create and enforce hiring and employment policies to reduce ageism. . Age discrimination occurs when a manager or boss treats an applicant or employee less favorably due to their age, which applies to younger people with less experience as well as older people who are close to retirement age.

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Do I Need to Buy Life Insurance?

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Life insurance is a contract between you and an insurance company to provide a lump sum of money to your heirs after your death. In exchange, you pay the insurance company a monthly or yearly premium. If you die while the policy is in effect, the insurance company will pay the agreed-upon amount, or death benefit, to your heirs.

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Working Two Remote Jobs at the Same Time—Can It Work?

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There can be multiple benefits, including an increased salary, a potential choice between health benefits, life insurance, retirement plans and the ability to take back some of the power from companies that haven’t been very loyal to workers over the past decades. Why work two jobs? Have a clear goal and exit plan.

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How Do You Survive When Your Business Isn’t Profitable at the Start?

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In fact, one-quarter of companies fail within the first 12 months , and most don’t become profitable businesses for 18-24 months. The good news is that you can make a salary even if your business isn’t profitable. If you’re planning a new business venture , you can’t expect to have a profitable business from the start. I recommend 1.5

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5 Different Types of Retirement Plans You Need to Know About

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You’re probably familiar with terms like 401(k) or Roth IRA, which are types of retirement plans. You might be less sure about the particular characteristics of these accounts or how they follow specific rules laid out by the Internal Revenue Service (IRS) to protect your retirement funds. Employers can match contributions.