article thumbnail

5 Long-Term Financial Goals and How to Achieve Them

Success

The timeline of a long-term goal generally isn’t strict, giving you plenty of time to review and adjust your goals as you go. Save for retirement Expected time: 10-35 years Account types: Retirement plans including IRAs, 401(k)s and pensions Planning for retirement is one of the most common long-term financial goals.

Goals 269
article thumbnail

Freelancers Performing Free Tasks: Is It Helping Or Hindering Their Career?

Allwork

In reality, suggesting workers must work for free to find stable income is a diatribe that should be retired. . For instance, workers are often asked to take over tasks that, with the appropriate title, would be paired with a higher salary. According to a report from Zapier, 40% of today’s U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lawsuits, Lost Expertise And Bad Morale: The Steep Risks Of Ignoring Older Employees

Allwork

Age discrimination occurs when a manager or boss treats an applicant or employee less favorably due to their age, which applies to younger people with less experience as well as older people who are close to retirement age. They worry that their company may have no strategy or practice for any sort of planned retirement — because most don’t.

article thumbnail

How Do You Survive When Your Business Isn’t Profitable at the Start?

Success

The good news is that you can make a salary even if your business isn’t profitable. The bad news is that if you don’t have a profitable business to start, you might feel guilty or reckless drawing anything except the smallest salary you can live on. Either way, business owners don’t often make big bucks, and at least not at first.

Budget 280
article thumbnail

Lessons From Past Recessions

Success

As part of your financial plan, consider the following: Review your finances. Start by reviewing where you stand financially to get a clear overall picture of your financial life. Am I anticipating any major life events with significant expenses attached (like a new baby or retirement)? Beef up your emergency fund.

article thumbnail

Do I Need to Buy Life Insurance?

Success

To help you determine the amount of life insurance you should be looking for, start by reviewing your finances. To calculate how much insurance to buy, some experts recommend multiplying your salary by eight. Others say to multiply your annual salary by the number of years you have before retirement.

Policies 248
article thumbnail

Dry promotions: Definition, considerations, and guidelines for employers

BMT Office Administration

This type of promotion saves the company money, but can be frustrating for employees who understandably expect a higher salary for their hard work in their new role. The key here is to keep your word, set a clear timeline, and provide a salary increase as soon as there is room in the budget.