Key takeaways Following on from quiet quitting and the great resignation, the latest trend in the labor market is ‘career cushioning’ This new term reflects the concern over the economy, with many workers making plans as to how they’re going to secure themselves should a recession hit It makes a lot of sense to prepare
Retirement
The unemployment rate in November remained super low — 3.7% unchanged from 3.7% in October 2022. The jobs report is a hot in another respect. Earnings are much higher than expected — some predicted a much lower rate of increase, instead of the 0.6% month over month wage. This report doesn’t bode well for a
Want to start a conversation with a small business owner? Then ask them about taxes. It’s an issue that almost always lurks in the back of the mind of an owner, sole proprietor or contractor. Despite the concern that nearly every small business owner or sole proprietor has with taxes, however, rarely does the issue
The Covid-19 pandemic shined a light on how hard it is for long-term care facilities such as nursing homes and assisted living facilities to balance residents’ health risks with their desire for independence and autonomy. A few have found the secret sauce. Most have not. A new study by the RAND Corporation, a California research
Key Takeaways Artificial intelligence (AI) is hitting the mainstream, though the first form of AI was invented in England, way back in 1951. Nowadays AI is used in a wide range of applications, from our personal assistants like Alexa and Siri, to cars, factories and healthcare. AI has the power to make massive improvements to
Discussing money with loved ones is asking for a loaded conversation. Money is basically about relationships and it is nearly impossible to be in love without money playing a role. A new book by Stanford professor emeritus, Myra Strober, who is an early feminist economist, and ‘social innovation leader’ Abby Davisson called Money and Love:
Picture this: You are age 72 or older and you are still working and participating in your company’s 401(k) plan. Did you know that you may be able to delay required minimum distributions (RMDs) until you retire, even though you are over 72? The rules are set out in Internal Revenue Code Section 401(a)(9)(C). The
Many long-retired beneficiaries are stunned when they get a notice from Social Security in November informing them that they will be subject to IRMAA (Income-related Monthly Adjustment Amount). They will have to pay more for Part B, medical insurance, and Part D, prescription drug coverage, in the new year. They want to know: Why does
Key Takeaways Elon Musk has claimed that Apple is threatening to remove Twitter from the Apple App Store, without providing a reason why. There are suggestions that it could be due to the change in moderation policies, with Musk reinstating a number of previously banned accounts. He’s hit back at Apple, stating that their 30%
The past few years have stressed the way we look at and even define retirement. With the rise of the gig economy, COVID-19 shutdowns and higher-than-average inflation and market volatility in 2022, many people are questioning the status of their retirement plans. These current conditions highlight a challenging reality of retirement planning: It’s dynamic. A