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The 8 Biggest Financial Mistakes to Avoid in Your 60s

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People in their 60s often face the decades in two parts: the run-up to retirement and retirement itself. Although retirement may have a date on the human resources calendar, it can—and perhaps should—involve years of transition. They’ve been in this accumulation mode of building up their assets,” she says.

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5 Smart Money Hacks to Help You Budget for the Holidays

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With the economy making everyone extra cautious about spending , I really wanted to give myself the gift of not worrying about money this holiday season. Consider it my gift to you, my fellow budgeters. I honestly love gift-shopping. They also double as a kind of mini gift to yourself when you file your tax return in April.

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How to Know If You’re Financially Ready to Start a Business

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For example, if a relative gives you an intrafamily loan, they’ll want to charge a minimum interest rate so it doesn’t count as a gift (which would trigger gift taxes). Are you currently earmarking 15% to 20% of your income for retirement? Remember that the more you use as leverage for loans, the bigger the risk.

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The Best Client Retention Strategies to Use Now

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Offer sales, discounts and gifts as surprise perks. Surprise gifting for clients and employees can work wonders, too. In fact, according to a 2021 Coresight Research survey, 43% of companies using a corporate gift strategy reported improved client loyalty, among other benefits. Don’t neglect your existing clients.

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8 Pieces of Financial Advice for New College Graduates

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You may need to create rules for yourself, like that a percentage of your paycheck needs to go toward retirement savings before you can buy something just for fun. If you received money as graduation gifts, that is a perfect start to an emergency fund. It might seem like you have decades before you need to start saving for retirement.

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What Are I Bonds and Should I Buy Them?

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Plus, you can only invest through the Treasury Department, not your brokerage or retirement account. Your heirs may have to pay estate or gift taxes. If you pass away before the bonds are cashed in, your heirs may have to pay federal estate or gift taxes and state estate or inheritance taxes, if applicable. What about EE bonds?

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These Top 10 Celebrity Franchise Owners Are Winning Outside the Limelight, Too

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The franchise’s profitability might explain why he gave one of his Wingstop locations to his son as a gift for his 16th birthday. Drew Brees The former NFL quarterback scored a touchdown in retirement with his investment in multiple franchises. According to Ross, the franchises generate roughly $7 million for him annually.