The current U.S. economic expansion recently enjoyed its ten-year anniversary. This means that for the past decade the economy, as measured by the nation’s gross domestic product has been consistently growing without a measurable pull-back, or recession. This long expansion follows the very difficult economic decline of 2008 and 2009, a period often referred to as the Great … [Read more...] about The Current Economic Expansion is Now the Longest in U.S. History.
When it comes to finances, the difference between success and failure is often the ability to maintain a positive cash flow. We have this goal in our everyday lives: we seek to earn enough to pay the bills each month while saving strategically for long-term investments that will fuel future growth. The same is true for a business. If you are thinking about becoming a small … [Read more...] about Five Simple Tips to Maintain Positive Cash Flow in Your New Business
Many couples are choosing to start families later in life compared to their parents and grandparents. According to the National Center for Health Statistics, the mean age of first-time mothers is rising, from 25 years old in 2009 to 26.3 years old just five years later.1 And, increasingly, mothers are waiting to have their first child at age 35 or older. This trend has … [Read more...] about Financial Dos and Don’ts If You Plan to Have Kids Later in Life
If you’ve ever spent time working through your estate plan with a professional, you know how important it is to select and update your beneficiaries. Failing to do so can result in costly mistakes – for you and your loved ones. Here are five common mistakes that can easily be avoided with a bit of proactive planning: Mistake #1 – Not naming a beneficiary on all accounts. … [Read more...] about Five Mistakes to Avoid When Naming Beneficiaries