Coming soon to a 401k plan near you: retirement income!

America is in the midst of a retirement crisis, and lawmakers are responding by improving the effectiveness of the country’s most popular savings vehicle: employee 401k plans. Here are some reasons why retirement plans are now offering retirement income options, what the legislation says, and what it may mean for employees and HR professionals. A…

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September 2022 newsletter

July and August CPI have confirmed that the inflation problem is not going away. The question on everyone’s mind now is when will interest rates stop moving to the upside, which also seems to be an indefinite trend. With the continuing rise in interest rates, expanding costs, and the shortage of labor due to COVID…

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August Newsletter

The brief newsletter below summarizes our response to the questions clients have been asking us lately. If you have a question you’d like us to address next month, please send us a note! The Inflation Reduction Act was passed by the 117th Congress in July. In a nutshell, this act looks to garner higher revenue…

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What will inflation’s impact on seniors be?

Let’s look at what’s happening now. Inflation is up 8.5% year to date, the highest rise in decades This has had a catastrophic effect on senior citizens who are on a fixed income, with many of them having to resort to government assistance to eat, or are having to dig into their savings to afford…

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How will blockchain impact libraries?

This blog talks about how blockchain will potentially impact libraries.

Blockchain essentially is a way of organizing information, and it is likely to be utilized in library information systems at some point in the future. We’ll get to how, but first let’s start with a simple definition. What is blockchain? Let’s say there is a block containing data. On one side it has a cryptographic…

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How much will Medicare cost me in 2022? More than you think!

Medicare costs are rising leading many to ask, "How much will Medicare cost me in 2022?"

People frequently worry about the cost of healthcare, specifically Medicare. If you are sitting there asking, “How much will Medicare cost me in 2022?”, read this blog. We’ll talk about the rising cost of healthcare and how it impacts Medicare premium increases in 2022. But before we get into the details, let’s start with a…

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An HR person’s guide to working with millennials

There are many aspects of working with millennials that an HR person should know.

There are specific financial characteristics of millennials that every HR person should know. These factors have an enormous impact on the types of corporate benefits millennials seek. We’ll discuss this in our guide to working with millennials, specifically written for HR people who want to understand how to be successful with this cohort. What is…

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Announcing 2022 SOFA Workshops for HR professionals for SHRM CE credits

Announcing our 2022 SOFA workshops for HR professionals.

We are pleased to announce our 2022 SOFA workshops for HR professionals for SHRM CE credits. The Society for Financial Awareness is a 501(c)(3) non profit public benefit corporation whose mission is to provide financial education across America. As a member of SOFA’s New York Chapter, I conduct complimentary educational workshops about financial topics for the benefit of the community.…

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October is the witching hour (in the markets)

They say that October is the witching hour in the markets. In this newsletter we’ll talk about whether or not we believe this is likely to be the case this time around. Record stimulus to come into play Stimulus has reached all time highs, propping up demand artificially and leading market participants to believe a…

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Are you feeling inflation kick in (yet?)

It seems like you can’t read an economic briefing today without seeing headlines about inflation. There are many confounding views and in this newsletter we’re going to clarify the major points you need to know. CPI and what it means The CPI, or Consumer Price Index, is a measure of inflationary pressure. It tracks the average…

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