Archive for November, 2010

How can you help your employees save for retirement?

Monday, November 29th, 2010

Although a higher percent of American workers are participating in employer-sponsored retirement plans, retirees may still not be saving enough for their retirement and may risk outliving their retirement assets. More individuals are also withdrawing retirement savings before they actually retire. Those are the findings in a report recently released by the Treasury Inspector General for Tax Administration (TIGTA). (more…)

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Are you ready for a year-end financial check-up for your business?

Wednesday, November 24th, 2010

As the year comes to an end, now is the perfect time to bring all of your business advisors together for a year-end financial check up. Make it a point to set up a meeting with your accounting, legal, estate planning, investment and retirement planning advisors at the end of each year to get a check up of your business and personal financial health. If you have partners in the business, they should also be included in this meeting. (more…)

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Fraud: Could It Happen To You?

Wednesday, November 17th, 2010

The 12-year employee at a city school managing adult education programs had her colleagues’ respect. But she made lavish purchases to redecorate her home and constantly gave gifts to others, and some wondered where the money was coming from. (more…)

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Succession Planning: Do You Know Your Options?

Monday, November 15th, 2010

Are you actively planning a transition for the business you worked so hard to build? The majority of North American businesses are family-owned, yet just about 30 percent make it to the second generation. Even fewer reach the third generation. As more and more business owners prepare to retire, more and more businesses will face the issue of succession – whether they are prepared or not. This article discusses the third in a series of tips to help family-owned businesses begin the succession planning process. (more…)

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What are the 2011 Pension Plan Contribution Limits?

Friday, November 12th, 2010

The IRS recently announced cost of living adjustments affecting dollar limits for pension plans and other retirement-related items for 2011. The limits generally remain unchanged or reflect small inflation adjustments. Here are the highlights: (more…)

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