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AUGUST 3, 2023

There are only so many hours in a day, so longer-term decisions, like planning for retirement, can get pushed aside in the face of more on-the-spot issues. In fact, finding and researching the best retirement plans for small businesses can take time and effort you may not have right now.

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JANUARY 6, 2023

The word “hybrid” gets used a lot relative to workplace strategy, but it may be time to retire the term. . Likewise, workers who work from both the home and office reported the highest productivity and the highest level of support when compared to employees who work only at home or only in the office, according to Leesman research.

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SEPTEMBER 8, 2023

Finding the right retirement plan for your business can take time and effort. One retirement plan option available to business owners and self-employed individuals is the SEP IRA, or the Simplified Employee Pension plan. It allows you to save for retirement based on your earned income. What is a SEP retirement plan?

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JULY 18, 2023

Saving and planning for retirement as a self-employed person can be more difficult than for others. Company employees often have access to a 401(k) or other retirement savings account that lets them make automatic contributions pulled from every paycheck. How is a self-employed retirement plan different from a 401(k)?

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Small Business Labs

AUGUST 22, 2017

Also interesting is Barlow's findings on small business owner retirement plans. In general, small business owners are not the retiring type. They found average small business owner with plans to retire is planning on retiring at age 67.  Also, only 68% of small business owners report plans to retire.

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MAY 26, 2023

What’s going on: Gallup published a report revealing that only 43% of nonretirees think they will have enough money to live comfortably in retirement. The survey shows that fewer Americans feel confident about their retirement prospects, and many are expressing concerns about their ability to save enough for retirement.

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NOVEMBER 13, 2023

sped-up their retirement plans due to layoffs, health concerns, and changing work attitudes — contributing to what was termed the “Great Retirement.” Rowe Price’s Retirement Saving & Spending Study, 20% of retirees continue to work full- or part-time, and 7% are actively job searching.

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JUNE 27, 2024

Retirement is moving farther out of reach for most workers as nearly half of employees report living paycheck-to-paycheck and the number of people who expect to work past 70 skyrockets. The 2024 Global Benefits Attitudes Survey , published by WTW, surveyed 10,000 U.S.

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Small Business Labs

MAY 24, 2016

Work a Little, Play a Little: A New Retirement Strategy from the New York Times covers the  growing trend towards people working part-time in retirement. As we reported last week, record numbers of Americans are working past 65. " Others will choose to work part-time in retirement to stay and engaged.

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MAY 12, 2024

Employers offering a range of financial support options — such as retirement planning workshops, debt management counseling, and savings incentive programs — can lead to a more stable, productive, and health-conscious workforce. Here are some options: 1.Retirement

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FEBRUARY 13, 2023

Saving for retirement Saving for future expenses can be one of the most challenging financial basics to master. No one has a crystal ball to tell them how much they’ll need in retirement. Although it’s a good idea to contribute as much as possible for retirement, don’t despair if you can’t save as much as you’d like right now.

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JUNE 28, 2024

of retirees exited retirement in 2023. As more baby boomers rejoin the workforce, they are also inadvertently redefining what retirement is. Last year, the share of baby boomers returning to work rose by 23.9% since the year prior, according to a study by LinkedIn’s Economic Graph team. The data shows 13.2%

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APRIL 17, 2023

Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. And 85% of these HR leaders reported that financial wellness benefits are more important than even a year ago, the study found.

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MAY 14, 2024

According to a recent report published by the U.S. Chamber reports there are approximately 8.5 It’s reported that the labor force participation rate has declined to 62.7%, a decrease from 63.3% Labor shortages in the U.S. still pose a challenge for employers in 2024. million job vacancies, yet only 6.5 in February 2020.

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FEBRUARY 29, 2024

Another layer of complexity arises from the way their income is earned and reported. Self-employed workers often need to use reliable accounting software or seek assistance from tax professionals with experience in transnational tax matters to keep track of their earnings and report them correctly.

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MARCH 13, 2023

Your client will also send a copy of the 1099-NEC to the IRS, so reporting every dollar is vital. Even if a client doesn’t send you a tax form, reporting the income is still important. Proving that you paid taxes on all of your freelance income, not just what was reported, can be helpful if you’re ever audited.

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SEPTEMBER 18, 2024

Baby Boomers continue to retire at unprecedented rates, leading researchers to say the workforce will experience large labor shortages in the coming years. According to a recent report published by workforce analytics firm Lightcast , the U.S. Since 2020, over 80% of the 5 million workers who have left the U.S.

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JULY 19, 2022

A 2021 report uncovered that 40% of traditionally-employed American workers are considering a transition to self-employment in the next two years. Next, you’ll need to consider your current company benefits such as health insurance and retirement plans. If you have a spouse working for a company, you might be able to join their plan.

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DECEMBER 14, 2022

In fact, 75% of respondents said that the current market has hindered their retirement savings, leading 28% to dip into these accounts for some expenses. For 88% of respondents, inflation and student debt are the biggest sources of financial pressure, while 67% say student debt in particular is keeping them from saving for retirement. .

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APRIL 25, 2024

Additionally, Boomers are staying in the workforce longer, working further past what was generally accepted as a prime retirement age. Therefore, maintaining equitable work policies that establish a strong balance between employer needs and worker preferences is likely the key to success for competing for skilled talent.

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JANUARY 8, 2022

When Jim came into my office at age 52 to see about retiring early, I was surprised. I fully expected to inform Jim and Sue they couldn’t retire early only to discover they were multimillionaires. That is, until the day I met Jim and Sue McIntyre. Jim had never made more than $55,000 a year in his life. They had zero debt.

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Small Business Labs

SEPTEMBER 30, 2010

Reports and Resources Intuit 2020 Research Report Todays Hobbyists are Tomorrows Hobbypreneurs Homepreneurs: A Vital Economic Force Research Brief - Small Business Credit Outlook The Economic Stimulus Package: Whats in it for Growing Businesses? Carolyn is leading the coworking study and Steve is a member of the project team.

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SEPTEMBER 8, 2023

of these respondents also reported to have experienced ageism in their workplace. The modern workforce is growing and currently spans multiple generations of employees including Baby boomers, Gen X, Millennials, and now Gen Z. It’s reported that, even when older job seekers were offered a salary, 22.1% What’s more, 23.1%

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Small Business Labs

DECEMBER 21, 2015

There have been several interesting articles over the past couple of weeks on working in retirement and/or working later in life. The consensus of these are those working full or part-time instead of fully retiring are happier, healthier, more engaged and in better financial shape.

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MARCH 1, 2024

According to the report, only 34% of women in the U.S. workforce hold VP roles and around 27% in C-suite positions.

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SEPTEMBER 17, 2024

These can include retirement savings, building an emergency fund or paying down debt. However, it does show you how much you must save each month to hit your retirement savings targets and whether you’re on track to do so. The app really goes into detail in its retirement dashboard. Here’s what you should know.

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AUGUST 29, 2024

PNC’s 2024 Financial Wellness in the Workplace Report highlights an alarming 76% of Gen Z workers are stressed about their finances — leading Millennials (72%), Gen X (72%), and Boomers (59%) who feel the same way. This concern is not an individual issue either. The implications of such financial distress are profound , costing U.S.

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MARCH 14, 2024

In most of the regions analyzed by the report, more women were found to be participating in the online gig economy than they were in the general labor market. According to the World Bank’s report, this localization of the online gig economy is likely to help countries that are struggling with unemployment rates among younger demographics.

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Small Business Labs

JULY 1, 2010

Reports and Resources Intuit 2020 Research Report Todays Hobbyists are Tomorrows Hobbypreneurs Homepreneurs: A Vital Economic Force Research Brief - Small Business Credit Outlook The Economic Stimulus Package: Whats in it for Growing Businesses?   We posted on Tim Berry's un-retirement last week. 

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Small Business Labs

FEBRUARY 12, 2013

Lots of news these days on baby boomers delaying retirement. The quick summary is boomers are delaying retirement, changing retirement and choosing not to go gently into retirement. Retired Baby Boomers Climb Back Into Driver's Seat from the Sydney Morning Herald: Even down under boomers are delaying retirement.

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Small Business Labs

MAY 30, 2012

Transamerica  released their 13th annual retirement survey.  They cover a lot of areas related to retirement and their full report does a nice job with the details.   The quick summary is only 39% of respondents believe they are buiding a big enough nest egg to fund a traditional retirement.

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Small Business Labs

NOVEMBER 17, 2011

We've long been forecasting and writing about the growing trend of Americans working past traditional retirement age.    I haven't had a chance to review the entire survey, but 75% saying they plan on working in retirement is quite a bit higher than 55%-65% shown by past surveys on this topic. 

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Retirement AT&T UPS 100

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AUGUST 26, 2024

Perhaps it would be more beneficial for one spouse to keep the home and home equity to have lower house payments and forgo some retirement funds. Additionally, if assets such as pensions or qualified retirement plans, such as a 401(k), are being divided, you may need a qualified domestic relations order or QDRO.

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Small Business Labs

AUGUST 9, 2021

According to the American Enterprise Institute's (AEI) The age re-retirement: Retirees and the Gig Economy , 20% of retired Americans also work in the gig economy. The article lists the usual financial reasons for working in retirement.  

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OCTOBER 13, 2023

This is a stark departure from the reported 44% of Americans over the age of 35 who consider “making it” as having enough money for retirement. The data also reveals that 59% of U.S. This proactive approach to career planning is reportedly paying off.

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NOVEMBER 17, 2023

The report also lists other trends to look out for in the upcoming year. There’s a trend towards increasing wages, but it’s reported that this will come with the potential erosion of non-cash benefits. The report cites the rising trend towards adopting flexible work policies — particularly in smaller companies.

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NOVEMBER 3, 2023

A recent report published by Goldman Sachs’ One Million Black Women Initiative, as featured by Black Enterprise , reveals challenges faced by Black women in the U.S. For instance, it’s reported that only 43% of Black women receive health insurance through their employer, compared to 53% of adults nationwide. million jobs.

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