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1. Three Ways Business Owners Can Evaluate Financial Risk
   Financial risk can come in many forms. It could be an outside party that gains access to your bank account or a lawsuit that could bankrupt your
2. Should You Go Back to Work as a Retiree If Your Nest Egg Isn't Cutting It?
   After leaving the workforce, you'll have to start relying on savings and Social Security to support you. Unfortunately, you may discover these income
3. TK Ways Remote Work is Shifting How Businesses Operate DRAFT
   Authors: Source: First Midwest Subject: First Midwest DRAFT Title 1: TK Ways Remote Work is Shifting How Businesses Operate Title 2: Key Takeaways from the Shift to Remote Work Title 3: Business Evolution in the Wake of COVID-19 Title 4: TK Ways Businesses Have Changed As a Result of Remote Work Date: 6.29.20In the sh
4. Covid-19 Pandemic Fraud
   We are living in unusual times. And when normal processes change, it opens the door for bad actors to get involved. One simple example: Many offices are now empty, so we are seeing a rise in mail theft. Fraudsters are stealing unmonitored business mailboxes, going through the material, and using it to gather sensitive
5. How Small Businesses Balance Their Staff With Freelancers
   Now, small businesses balance their staff with freelancers. A recent study done by UpWork.com and the Freelancers Union found that around 57 million Americans were working as freelancers as of 2019. This makes up about 36 percent of the U. S. workforce and amounts to $1.4 trillion in earnings. The term “gig economy” ha
6. Should Paying Off Student Loans Be a Priority? What to Consider
    An estimated 44 million Americans carry student loan debt — that’s about 17% of the adult population. If our student loan borrowers were a
7. Don't Assume the Default 401(k) Contribution Is Enough
   Photo: Amy Hirschi (Unsplash) When you opened up your 401(k), you were probably presented with a few default options. Maybe your workplace automatically put 3% of your paycheck towards 401(k) contributions, for example. Maybe you were told that the company would match your contributions up to 5%, so you elected to cont
8. What is a pre-authorization hold on my debit card?

   When you pay with your debit card, you may have a “pre-authorization hold” added to your account before the actual charge goes through. Businesses do this to make sure you have the funds available to cover the purchase, especially when the total amount is unknown at the time you use your card.

   For example, when you swipe your card before pumping gas, a pre-authorization hold is put on your account for an amount that’s probably going to be higher than what you’ll actually spend. When you reserve a hotel room, a hold is placed on the account for the cost of the room, plus a little more in case you have additional services during your stay. When you pay for your meal at a restaurant, a hold may be placed for the cost of the meal plus extra for the possible tip. Once the actual amount is known, that number becomes the charge. And once the charge clears your account (typically during the bank’s evening processing), the pre-authorization hold is released.

   Pre-authorization holds often can be considerably higher than what you will actually pay, and may stay on your account for a while (days, in some situations) so be sure you are prepared for this amount to be “on hold” in your account in the interim. Remember, you won’t have access to the excess funds until after the actual charge clears and the pre-authorization is released.

   Example: Joe visits a gas station and swipes his debit card before pumping his gas. The business doesn’t know how much gas Joe will pump, but it assumes the charge will be $50 or under. They place a pre-authorization hold on Joe’s card for $50 to ensure the funds are available. Joe pumps $20 worth of gas. That means there now is an extra $30 on hold in Joe’s account, and he will not have access to that money until the $20 charge clears and the $50 pre-authorization hold is released.

   If you have questions, call Client Care at 1-800-731-2265.

9. 3 Tips for Investing in Your 50s
   The years in your 50s are pivotal ages on the road to retirement. At this stage of life, you may be making plans for how you'll spend your senior years and when you'll close out your career. You might also be grappling with college tuition payments for your children or other expenses that eat up a lot of your income. T
10. How To Qualify For Paid Sick Leave If Schools Close
    Yes, you may be able to get unemployment benefits and paid sick leave if schools close. Here’s what you need to know. Paid Sick LeaveHow will you manage working and taking care of your child in the Covid-19 era? Many parents will face this dilemma, as some schools will be remote-only or a hybrid model, which includes b