Many Americans buy additional private insurance to cover gaps in coverage. There are two main categories of private insurance on the market: Medicare Advantage and Medicare Supplement plans. While these programs offer similar health benefits, they also have some significant differences to consider.
In the financial world, there are a lot of rules about what you should be doing. In theory, they sound reasonable. But in practice, it may not be easy, or even possible, to follow them. Let’s look at some common financial maxims and why it can be hard to implement them.
There’s really nothing you can do about global economic conditions or the level of returns delivered by the financial markets, but you can control the composition of your portfolio. Evaluating investment results through the correct lens may help you make appropriate adjustments and effectively plan for the future.
On Nov. 24, 2015, the IRS issued Notice 2015-82, which increases the de minimis expense limit from $500 to $2,500 for taxpayers that do not have an applicable financial statement. Taxpayers need to independently consider the impact on their financial statements as a result of this increase.
As “Fiduciary Responsibility” increasingly gains the public’s attention, plan sponsors must become more aware of their own responsibilities that are established by the Employee Retirement Income Security Act (ERISA). Here are some questions that plan sponsors need to consider as they re-evaluate the responsibilities their positions entail.
It’s useful to bear in mind that a benefit plan is considered a separate entity from your business. A quality audit helps you carry out your company’s responsibility to file a comprehensive and accurate annual return for each plan each calendar year.
It’s no surprise that your company has started offering wellness benefits, since many employers are already offering these types of programs as part of an overall employee benefits package. For employees, wellness benefits not only can help them adopt and live a healthier lifestyle, but can also provide them with financial benefits.
As an early stage venture – or an existing company with new technologies – it is vitally important to prepare a financial budget, then use it each month (or week, or even day) to ensure you are meeting your expectations.
Your 20s is a time for exploration and new experiences, but also a time of emerging personal financial responsibility. And though times are certainly different now for young adults compared to 10 or 20 years ago, some advice never goes out of style.