Typical financial advice begins with the adage, “Pay yourself first.” It refers to the wisdom of saving a minimum of 10% of your income before taking care of any other obligations. You may have also heard that you should build and keep an emergency fund of at least six months of cash reserves in case
In today’s tight labor market, finding and retaining key employees is a top concern for many companies. A good benefits package can help with recruiting and encourage your critical executives to stay on board. Offering a 401(k) plan, robust health insurance, employee stock ownership plans, and life insurance options is crucial to creating a competitive
Business owners face countless challenges day to day, but planning for the future can be even tougher. For a family-owned business—with some children more involved than others—outlining estate equalization arrangements can be tricky, especially when most of the wealth is tied to the business. This leaves the family with a complicated situation: how can they
The holidays are over, and we’ve made it through a long, cold January. We think this calls for a celebration! And, what better way than to show your friends some love? After all, Valentine’s Day is for celebrating all kinds of love, not just your special someone. Leslie Knope on Parks and Recreation coined the
Finding the person you want to spend the rest of your life with is tough enough, but combining finances on top of that? No easy task. When and exactly how much of your money to combine will be a personal decision, but it’s best to consider all the steps before heading into the process so
Life insurance seems like a big deal. But setting it up is surprisingly easy, and paying for it can be surprisingly affordable. If you think you might need life insurance, but you’re intimidated by the seriousness of it all or don’t know where to start, we’ve gathered some of Business Insider’s most helpful articles in