According to one recent study, replacing an employee who has left your business can cost between 50% to 60% of that person’s salary. This is why it’s virtually always more expensive to hire a new person than it is to simply retain one of your existing workers. If you’re replacing someone who makes about $100,000 […]

It is not uncommon for employers to misclassify employees as independent contractors, either to intentionally avoid their withholding and tax responsibilities or because they are not aware of the laws regarding the issue. Misclassifying a worker can have significant ramifications for both the employer and the worker in terms of how much each pays in […]

On July 14, 2023, the IRS issued Notice 2023-54 announcing that traditional IRA owners who will attain age 72 in 2023 (that is, individuals born in 1951) will have to take their first required minimum distribution (RMD) by April 1, 2025, rather than April 1, 2024. This delay in the required beginning date means that […]

When you’re at the start of your career journey, few things are more impactful than an internship. Not only do internship programs provide a unique opportunity for hands-on learning, but they also allow you to gain exposure to a professional workplace, helping you get a clearer understanding of your goals and ambitions. Today, we are […]

By: Justin Mason, CFP®  Life is full of surprises, and not all of them are good. Loss of a job, unexpected bills, or medical expenses are just a few of the unanticipated financial challenges that can throw you off track if you’re not ready for them. Sadly, many Americans are ill-prepared to take on an […]