The words "succession planning" does not truly capture what leaders of an organization are really trying to accomplish. More simply, it's about identifying who's ready next; who will be ready to take over or move into vacated positions in a careful well-planned out way?
Most people sign up for both Part A (Hospital Insurance) and Part B (Medical Insurance) when they’re first eligible (usually when they turn 65). Generally, there are risks to signing up later, like a gap in your coverage or having to pay a penalty. However, in some cases, it might make sense to sign up later.
Charitable giving has been in the headlines frequently in recent years. Some of the news is welcome, like the outpouring of generosity from donors in response to the Covid-19 pandemic. Some are concerning, like the declining number of American households that give.
Private banking is an elite service that generally features concierge-like attention to your finances, plus other perks and customized financial services. In most cases, however, only high-net-worth customers can access private banking.
You’ve been thinking and talking about it with family and friends and you’ve decided that it could be the right time to sell your business. According to one report, small business acquisitions have gained excellent traction, outperforming pre-pandemic levels in the fourth quarter of 2021.
When is the best time to talk to your kids about money? Right now. Your kids will learn about money from someone. Don’t let it be from an out-of-control celebrity on social media. You have the opportunity to be the positive example in their lives and the guiding voice they can trust.