Fleishel Financial News
A lot of things have drastically changed recently, and the anxiety gripping the markets has caused significant declines. It’s a scary time for any investor, even those that are most concerned with their long-term returns.
A lot of homeowners assume that their homes are going to continue to increase in value and that, eventually, this will compensate for a lack of retirement savings. There is a substantial retirement saving crisis in the United States, and a lot of people are banking on their homes to get them out of it. Even if appreciation continues, using your home as your only retirement savings is risky and something experts recommend against.
When it comes to saving for retirement, self-employment presents different challenges. Salaried employees should save for retirement no matter what, but those who own a business have to decide what will deliver the biggest financial benefit. Sometimes, saving for retirement is more lucrative; other times, it’s better to reinvest in the business.
Seven Top Reasons Why Small Business Owners Are Not Getting The Most Tax Savings From Their Retirement Plan
Many small business owners may be using retirement plans like Simple IRAs or SEP plans but they often are not aware they are leaving huge tax savings on the table. There are also quite a few slip-ups that prevent them from taking advantage of the best retirement plans for their company.
Seniors and retirees are heavily at risk for catching COVID-19. While you’re doing what you can to stay healthy, it’s also important to keep your financial health in order. Unfortunately, a lot of scammers are preying on seniors during this time and the stress of the situation makes it difficult to stay focused and easy to make mistakes. Research shows that when seniors experience fear, they’re more likely to make poor decisions, especially when it comes to their finances, and scammers are lining up to take advantage of the opportunity COVID-19 presents.
Under times of intense stress, it’s important to give your immune the support it needs to stay healthy. One of the easiest ways to do this is to incorporate some of the following delicious foods into your diet.
Benefits are anything an employer provides employees in addition to their salary. They’re important because they have a big impact on employee satisfaction. They can attract better candidates to your business and keep the good employees you already have.
If you’ve been monitoring your investments, you’ve seen the impact of COVID-19 on the market. While there are a lot of unknowns right now, it’s important to remain committed to your end financial goals. The economy has its ups and downs and the best approach is typically to stay the course and plan to weather the storm.
Fleishel Financial Associates is an Independent Registered Investment Advisor.
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