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3 Ways to Bridge the Gender Savings Gap

When it comes to savings, the gender savings gap is huge. A recent study1 indicated that women have 50% lower savings than their male counterparts. There are a number of reasons that this disparity exists, among these are that on average women earn lower salaries than their male counterparts and will spend fewer years in the workforce. However, there are actions that women can take right now, that will help improve their savings and provide a bridge to end the gender savings gap. (more…)

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It’s Not Too Late to Do a SEP

People grow up in America dreaming big. They want to be their own boss. There will always be those who shun the 9-5 job and who are drawn by the potential of starting their own business, and who can blame them. With the markets in unchartered waters—hello, DOW 20,000—it demonstrates that sometimes big risks reap big rewards. Any successful, profitable business at year’s end ultimately faces the same realization…tax time. (more…)

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The Price of Success

At a recent gathering, I spoke to Will, a local small business owner.  Will and his uncle have built a very successful diesel repair business, they specialize in heavy equipment.  I asked how their year had been.

Will was excited over the level of growth they had that year.  They took on a large contract with Caterpillar, along with their existing client base, “it set them up pretty”, to quote Will.  They hired two additional diesel repairmen and expanded their shop adding two additional repair bays.  I asked if they had spoken to a financial advisor lately – his response was, why would they?  They are doing great. (more…)

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