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When Is Inflation Good for the Economy?
Inflation is and has been a highly debated phenomenon in economics. Even the use of the word "inflation" has different meanings in different contexts. Many economists, businessmen, and politicians maintain that moderate inflation levels are needed to drive consumption, assuming that higher levels of spending are crucia
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What Employers Need to Know about 401(k) Plans
In a tight labor market, businesses need a retirement savings plan to recruit and retain good workers. In fact, about 80% of Americans work for an employer with a 401(k)-style retirement plan. In the following conversation, Robert Diedrich, president-wealth management division, First Midwest Bank, discusses recent rule
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3 Reasons to Go With a Roth IRA
One of the biggest decisions you must make when saving for retirement is whether to go with a traditional or Roth IRA. You're not locked into one -- you can start with one and transition to the other over time, or contribute some money to both types of accounts. But most people favor one over the other. Traditional IRA
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How to Build the Best Upskilling Program for Your Employees
Employers are struggling to find skilled workers. The solution? Training up the ones they already have. Skilled workers are in short supply. But
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How to Handle Credit Card Debt When You're in Too Deep
If the typical American charged each of their credit cards to the limit, they would end up $30,365 in debt -- that's the average credit card limit in the U. S.
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Could your budget handle a drop in income?
One of the most difficult situations to deal with is a drop in income, as most people adjust their lifestyles to use up all of what they bring in. In
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How To Make Your Money Last As Long As You Do In Retirement
The main goal of investing for retirement is building up enough wealth to cover your living expenses (and pay for fun) for as long as you live. The problem? There is not a single soul on Earth who knows when they’re going to die. You can speculate all you want, but the reality is, you don’t know if you’ll last until 85
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Have an HSA? Here's Why You Shouldn't Tap It Just Yet.
Saving in an HSA, or health savings account, is a great way to help ensure that you'll have money on hand when healthcare expenses arise. But
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How to Grow Your Online Business During the COVID-19 Pandemic
Half a year after the United States joined the rest of the planet in quarantine, the COVID-19 pandemic continues to hurt. Every aspect of life and the world has been affected, and commerce is no exception. Yelp reported that over 80 thousand businesses shut their doors forever between May 1 and July 15. The number has
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Yellen outlines to Congress emergency measures on debt limit
WASHINGTON (AP) — Treasury Secretary Janet Yellen told Congress on Friday that she will start taking emergency measures next week to keep the government from an unprecedented default on the national debt, warning that a default would cause “irreparable harm to the U. S. economy and the livelihoods of all Americans.” In