Tag: Barri Segal

Reasons You Shouldn’t Retire | Aging
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Reasons You Shouldn’t Retire | Aging

You may be dreaming of making the leap into full retirement bliss, but it’s important to be realistic. For a number of reasons, you may need to keep working. Perhaps you need to continue building savings or it’s just too early – not everyone can afford to retire at 40. Maybe you really love your work.Whatever your situation, here are some reasons you shouldn't retire yet: Your work gives you purpose. You don't have a post-retirement plan. You haven't organized your life for retirement. You're not in agreement with your spouse. Your social life may suffer. You will lose out on higher Social Security benefits. You can't afford health care. The stock market won't allow it. You don't have enough money to retire. Your Work Gives You PurposeSteve Davis, CEO of Total Wealth Academy in H...
What You Need to Know About a Safe Harbor 401(k) | Retirement
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What You Need to Know About a Safe Harbor 401(k) | Retirement

For workers, a standard 401(k) plan offers a straightforward and tax-advantaged way to save for retirement, but for employers, setting up a 401(k) plan is anything but simple. Companies that want to offer 401(k) savings plans to their employees must ensure they don't run afoul of complicated government rules.A key regulation for most 401(k) plans is the requirement for annual nondiscrimination tests that are designed to prove a plan doesn't unfairly favor certain employees. “If the employer fails (the tests), it’s very punitive,” says Steven Azoury, owner of advisory firm Azoury Financial in Troy, Michigan.It could mean a business will be required to refund contributions to highly compensated or key employees. Or in a worst-case scenario, the whole plan could be disallowed going forward, ...
What Is a Social Security Statement – And Should You Be Checking It? | Social Security
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What Is a Social Security Statement – And Should You Be Checking It? | Social Security

When you reach a certain age and retire – or if you're disabled and can’t work – you are entitled to cash distributions from the Social Security Administration. These benefits become available to you after you pay into the system via payroll tax. In 2023, both you and your employer pay 6.2% of your wages. If you are self-employed, you pay 12.4% of your income. Your Social Security statement tells you exactly how much money you'll receive per month at different retirement ages, so you definitely should be checking it to ensure all of the information is correct.In general, the SSA will not mail paper Social Security statements to people under age 60. Younger workers who want to check their earnings history or taxes they've paid need to create a "my Social Security" account to view their sta...
Top Marketing Strategies for Law Firms | Explore Law Firms and Legal Advice
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Top Marketing Strategies for Law Firms | Explore Law Firms and Legal Advice

Maintaining a solid digital presence is crucial to promoting your law firm.“Expertise in marketing strategies is just as important to maintaining successful law practice as understanding the law itself,” says Marcus Fernandez, attorney and co-owner of The Law Offices of Kinney, Fernandez & Boires P.A. in Florida.By leveraging the right marketing strategies, you can make sure your firm is easy to find and contact. Plus, you can improve the odds that you'll have a steady stream of new clients.Law firm marketing strategies run the gamut. But here are five key marketing law strategies law firms should use. Create competitive web content and use SEO. Engage in social media marketing. Use pay-per-click advertising. Engage in local advertising. Develop relationship-building skills and s...
Tips for Retiring on a Small Budget | Retirement
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Tips for Retiring on a Small Budget | Retirement

With stock market fluctuations and rising prices, you may be retiring with less income than planned. Covering day-to-day expenses can seem tough on a small budget, especially if you are receiving less than you did during your working years. Learning how to live cheaply in retirement is possible, however, and could help your savings last longer. Try these frugal living tips when managing a small budget during retirement: Pay attention to spending. Keep an emergency fund. Plan meals. Live in a low-cost area. Buy and sell secondhand. Travel on the cheap. Take preventive steps. 1. Pay Attention to SpendingTake a careful look at what you buy each month. “Divide your expenses between fixed and reducible so you can pivot, make changes or plan for upcoming costs,” says Chantel Bonneau, a S...