Thursday, December 19

Tag: Barri Segal

What to Do If You’re Suffering From Lawyer Burnout | Explore Law Firms and Legal Advice
21Dec By adminNo Comments
Money

What to Do If You’re Suffering From Lawyer Burnout | Explore Law Firms and Legal Advice

When attorneys suffer from burnout, they may not know what to do. On the contrary, they may look around at overworked colleagues and conclude that no one has time for well-being. That was the consensus of 4,450 Massachusetts attorneys surveyed for a 2023 study conducted by NORC at the University of Chicago with Lawyers Concerned for Lawyers, a nonprofit promoting attorney well-being. Of the attorneys surveyed, 77% admitted having experience with burnout.These don’t seem to be fleeting experiences, either. According to Bloomberg Law survey data, lawyers feel burned out about half of the time. And it becomes more serious the longer it persists.Workplace environments impact burnout, and law firms should do more to improve firm culture. But there are steps individuals can take on their paths ...
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Checklist for Handling the Death of a Spouse | Retirement
2Dec By adminNo Comments
Money

Checklist for Handling the Death of a Spouse | Retirement

Life and bills go on, which anyone who loses a spouse quickly discovers. You may be emotionally gutted, but the electric still needs to be paid. There are also plenty of documents you’ll need to collect, forms to fill out and numbers to call, all at a time when finances may be the last thing on your mind.If you have lost a spouse, consider this financial checklist.Financial Checklist for When a Spouse Dies If your partner left a will, find it. Ask your spouse’s employer about any benefits you might be entitled to. Request copies of the death certificate. Contact your insurance companies and update them as needed. Contact the Social Security Administration, or give your spouse’s Social Security number to the funeral home and ask them to do it. That is what usually happens, according t...
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How to Borrow Money from Friends and Family | Personal Finance
15Nov By adminNo Comments
Money

How to Borrow Money from Friends and Family | Personal Finance

Whether you’ve run into unexpected expenses, want some help with a large purchase or need cash to move your business idea forward, there's a variety of reasons that you might consider turning to friends or family members to borrow money.The Federal Reserve benchmark interest rate is at 5.4%, its highest level in 22 years. That puts the prime rate, available to the most qualified borrowers, from most financial institutions above 8%.While borrowing money from friends and family can be a lower-cost way to access funds – or the only way, if you have a poor credit or no credit history – it can also create challenges for relationships.If you are planning to borrow money from your friends or family, keep these five tips in mind:1. Be Transparent About Why You Need the CashAsking a loved one for ...
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Civil Liberties vs. Civil Rights: What Is the Difference? | Explore Law Firms and Legal Advice
7Oct By adminNo Comments
Money

Civil Liberties vs. Civil Rights: What Is the Difference? | Explore Law Firms and Legal Advice

Civil liberties and civil rights describe two ways the United States legal system protects the interests of individuals. Though often used interchangeably, the two terms are distinct. The term "civil liberties'' stands for the constitutional guarantees of freedom from governmental oppression and tyranny. The term “civil rights” refers to a variety of laws protecting citizens from unequal or discriminatory treatment based on certain characteristics, including race, religion, gender and country of origin.In short, civil liberties protect an individual’s personal freedoms, whereas civil rights advance specific standards of equality.The First Amendment’s guarantee of freedom of speech, which safeguards an individual’s right to express opinions without government censorship, is a textbook civi...
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Money Apps to Keep Your Retirement Planning on Track | Retirement
27Sep By adminNo Comments
Money

Money Apps to Keep Your Retirement Planning on Track | Retirement

If you're like most people, your life is so busy that you have little time to dedicate to your finances. Ensuring that you’re on the right track with your retirement goals can be tough, but it's important. A 2023 Fidelity report found that the typical American household has saved just 78% of the amount necessary for retirement. Meanwhile, 52% of households may have saved so little that they won't be able to manage their essential expenses when they stop working. To hit your target, you'll need to monitor your spending and manage your credit as you make proper saving and investment decisions. It can be challenging, but technology can help. These nine apps can reduce the time you spend budgeting, net worth tracking, credit monitoring, managing debt and investing – and help ensure you're doi...
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Avoid Becoming One of These Retirement Statistics | Retirement
26Sep By adminNo Comments
Money

Avoid Becoming One of These Retirement Statistics | Retirement

Saving for retirement is a long game that rewards the early birds. Here's a look at six unfortunate retirement statistics and tips on how to avoid becoming one of them. 1. Social Security Benefits Provide Retired Workers With an Average of Just $22,044 Per Year Retired workers in 2023 are receiving an average of $1,837 per month – or $22,044 per year – in Social Security benefits. While Social Security benefits can be a helpful part of a retirement plan, the income is often not enough on its own – especially amid record inflation rates in recent years. 2. More Than 1 in 4 Adults Who are Still Working Aren't Saving for Retirement About a quarter of American adults who are still working (28%) say they don't have any retirement savings, according to the Economic Well-Being of U.S. Households...
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Fun Part-Time Jobs for Retirement | Second Careers
24Sep By adminNo Comments
Money

Fun Part-Time Jobs for Retirement | Second Careers

Retirement is often portrayed as lazy days at home broken up by afternoons spent on the golf course. However, not everyone wants to spend their golden years unemployed.“It isn’t always about making money,” says Izzy Kharasch, president of consulting firm Hospitality Works Inc. “It’s about social interactions.”Many retirees seek part-time jobs to help fill the days and meet new people, as well as earn income to supplement retirement savings. If you're interested in joining the ranks of working retirees, here are some ideas for fun part-time jobs. Tutor. Delivery driver. Babysitter. Dog walker or pet sitter. Restaurant worker. Groundskeeper. Tour guide. Travel agent. Retail clerk. Blogger. Here’s a closer look at each job including national average hourly wage data from employment...
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How to Find a Lost Pension Plan | Baby Boomers
23Aug By adminNo Comments
Money

How to Find a Lost Pension Plan | Baby Boomers

Pension plans offer some of the best retirement benefits you can get from an employer. But if you had one from a previous job, you might have lost track of your plan by the time retirement rolls around.The last thing you want to do is let valuable benefits go unused, but it could take a bit of legwork to find the information you need to hunt down your “lost” pension plan, including contacting your former employer – who might have moved, changed names or even closed down – or contacting the Pension Benefit Guaranty Corporation.Follow these steps to track down your plan: Contact your former employer. Consider financial and insurance companies. Search at the Pension Benefit Guaranty Corporation. Collect the paperwork. Look into spousal payments. Make sure you are vested. Consider a fi...
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How to Take Required Minimum Distributions | Retirement
15Aug By adminNo Comments
Money

How to Take Required Minimum Distributions | Retirement

A main benefit of 401(k) plans and individual retirement accounts is the ability to delay taxes on contributions and investment gains. However, you can’t avoid the tax man forever.“Once you reach a certain age, the IRS wants to be able to begin collecting taxes,” explains Megan Slatter, a wealth advisor with Crewe Advisors in Salt Lake City.“It’s the minimum amount you have to withdraw without incurring a penalty,” says Mark Van Drunen, regional president of Northeast Ohio for MAI Capital Management.RMDs begin at age 73, and the amount to be withdrawn is determined by a government formula. However, you can minimize your payments – and the taxes you owe – by following these tips for taking required minimum distributions. Begin planning years in advance. Convert to a Roth account. Start ...
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The Most Popular Ages to Collect Social Security | Social Security
15Aug By adminNo Comments
Money

The Most Popular Ages to Collect Social Security | Social Security

If you qualify for Social Security retirement benefits you can sign up to begin getting them any time after age 62. While it may sound appealing to start collecting the money as soon as possible, your monthly payments will be larger if you delay claiming them.According to 2022 data from the Social Security Administration, there's a wide range of ages at which people start to claim their benefits, as well as some marked differences in when men and women typically start. Read on to find out how the age at which you start collecting your benefits impacts your monthly payout – and the most popular ages when men and women begin.How Much Your Payment Will Be Reduced if You Start Collecting at 62Your full retirement age, as defined by Social Security, depends on your birth year. It's crucial to ...
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