Communicating with teenagers is hard enough for most parents, and talking about money is no exception. In fact, research shows that only 36 percent of adults are teaching their children how to become financially responsible. In general, parents are uncomfortable speaking with their children about finances because a lot of people hold the widespread view that personal finances is a taboo topic.
A recent study indicates that most Americans over the age of 55 have less than $25,000 in savings. For some, any inheritance they may receive is critical to their future.
It's a safe bet that any business whose employees are engaged in construction, manufacturing, or other commercial production activities is probably familiar with the California Division of Occupational Safety and Health, or Cal-OSHA. This is the state agency which regulates and enforces California workplace safety and health standards, and which issues citations for any violations of those standards.
Being a supervisor of people in a work environment is a very difficult job.
I did some re-reading of the best selling book "Good to Great" by Jim Collins. This was triggered by a recent interview I read of former president Jimmy Carter in the press.
Last week my column addressed three common IRA mistakes.
As your supermarket receipts sadly show, the price of many food items keeps escalating. Dairy products have jumped nearly 11 percent over the past year, coffee costs almost 9 percent more, and a dozen eggs are up 43 cents.
If you are thinking of starting a business, choosing your business name or brand name could have significant ramifications if you chose a name similar to a famous trademark because it could dilute the famous trademark.
One of the most common questions I am asked when meeting with a client to discuss estate planning is whether or not the estate plan will offer protection from creditors.
Years ago, I happened to be in the warehouse of the company where I worked. As the president of the company walked from his office to the offices on the other side of the building, I observed a low-level employee approach the president, and ask him if he could get a paycheck instead of taking the week's vacation he was scheduled to start in a couple of weeks. The employee said he needed the money more than he wanted the time off.
You have worked hard all your life to build your retirement assets. And, you want those assets to work hard for you throughout your working career and your retirement years, and then for your family and heirs after that. IRAs are wonderful products, with lots of benefits and flexibility, but those benefits come with certain rules and regulations you need to keep in mind.
Ask yourself: Are you paddling or floating your canoe down the river of your business life? If you're floating, then you're on the defense. If you're paddling, then you're on the offense.
What happens if you have faithfully paid all of your court-ordered child or spousal support but many years after the fact, your ex brings you back to court claiming you paid nothing at all?
I have been preparing a lot of retirement plans lately for clients. It seems that those who have been coming in for this service are the ones who have adequately prepared financially for their retirement years.
Times may be tough, but the people who are in sales for a living will tell anyone who is listening, "Times are GREAT!" but what they say on the inside and really want to say out loud is, "It sure is tough out there!"
Now that I have your interest, I'll try to let you down gently.
Last week marked the end of the first half of the calendar year. It seems like January was just last week.
Starting or growing a family can be an exciting milestone in one's life. But as most experienced parents will tell you, your priorities are likely to change, and along with these changes come new expenses and responsibilities,
Being a trusted advisor is a place of honor. When you reach a certain stage in life, you are compensated not for what you do but for what you know.
With student loan debt nationwide at an estimated $1.2 trillion, homeownership for many recent and past graduates is a distant dream.
Throughout the years at the Advisory Board meetings I facilitate, I've heard a fair amount of laughter and grumbling from the business people who participate.
Jim, president of the top local IT company, came by the other day. He was not happy. He'd just been served with a complaint, alleging that he'd breached a new employee's contract, had wrongfully terminated her, and was guilty of breach of promissory estoppel (whatever that is?).
The bottom line, the profitability of a company, should matter to every employee but many owners tend to keep this information private. Owners then complain when profits are thin.
Even in a state with hundreds of miles of beautiful, sandy beaches, luxury home buyers in California preferred hilltop homes over ocean-front properties by a margin of four to one.