A 401k Conundrum: Can You Make Cash Pile Last for Life? | Bloomberg

Even if you’ve socked plenty of money away in your 401k plan and invested it carefully, some of your toughest decisions lie ahead. And don’t expect much help or clarity from the government or your employer. Strategies for drawing down lump-sum accounts in retirement — more important than ever in the 401k era — have received little attention from policy makers. For retirees, choices about how to spend a life’s worth of savings are fraught with tricky calculations about financial risk, taxes and death.

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Howdy Partner Part 2 | Peter Mehit

partnershipsBecky, a consultant, was telling us about a proposal she made a few years ago. The project was big and she needed help so she partnered with company that she had worked with before. They agreed to work as one company to reduce customer concerns about managing multiple contractors. At deal time the partner broke ranks trying to make a separate agreement. The customer declined to work with either company.

Trouble in partnerships generally comes from three things: Poor due diligence by the partners, mismanaged expectations and lack of defined roles and responsibilities.

When picking another company to partner with, you need to decide if they are a good fit with you. For example, a firm that is fastidious about quality will be driven crazy by a sloppy partner. If the firms have different ideas about client relations, there can be mixed messages that cause trouble and false crisis. You’ve decided the partner firm is qualified and shares a compatible management approach, but you also want to check for a cultural fit. Are the work methods compatible? If your company likes slow, steady progress will you be able to work with one that pulls all nighters to deliver a last minute product?

Continue reading “Howdy Partner Part 2 | Peter Mehit”

6 Small Business Financial Pitfalls | AllBusiness.com

Many factors go into making a small business a success. Some factors, however, can be more challenging than others, especially when it involves financial management. Whether it’s securing equity capital, borrowing money, separating personal finances from business finances, or managing cash flow, there are a number of “potential landmines” that many small business owners are not adequately prepared to handle. Following are six financial pitfalls for small businesses to avoid and important tips to consider when dealing with business finances:

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4 Ways to Protect Your Identity Online | Businessnewsdaily

When you’re self-employed, getting work depends heavily on how well you advertise yourself. This often means posting your personal information — full name, email address, phone number, geographic location, work history, etc. — on multiple websites and social media accounts.

Building an online personal brand as a freelancer, consultant or other self-employed professional is a great way to grow your business, but by putting yourself out there, you’re inviting more than just prospective clients to find you. Between the personal details you can post on public websites and the sensitive banking and tax information you can transmit back and forth to your clients, you may become a target for hackers and cybercriminals.

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Being Curious Can Boost Your Memory | livescience.com

Everyone knows it’s easier to learn about a topic you’re curious about. Now, a new study reveals what’s going on in the brain during that process, revealing that such curiosity may give a person a memory boost.

When participants in the study were feeling curious, they were better at remembering information even about unrelated topics, and brain scans showed activity in areas linked to reward and memory.

The results, detailed yesterday Oct. 2 in the journal Neuron, hint at ways to improve learning and memory in both healthy people and those with neurological disorders.

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What (And What Not) to Do If You Want Your Content to ‘Go Viral’ | Adrants.com

Oh you’ve gotta love those online college degree schools for their content marketing savvy. They’ve mastered the art of creating compelling and informative infographics that double as a promotion for the school. That’s not a slam. Just an acknowledgment.

Anyway, here’s a well thought out inforgraphic from Best Marketing Degrees on viral marketing. It’s got examples of successful virals. It’s got examples of failed virals. It’s got tips on what you can do to increase the likelihood your content will go viral and its got tips to keep you out of hot water.

Check it out below.

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Have Trouble Concentrating? Try These Suggestions | Entrepreneur.com

overwhelmedWe all know the feeling of being overwhelmed, of being beset by distractions. Too many things clamor for your attention. People are trying to reach you, by phone, email, text, Twitter, or old-fashioned yelling up the stairs. Colleagues interrupt. You need to update, check in, post, or ping. Ads jump at you from the most unlikely places. Devices buzz, ring, chirp, and vibrate.

There are steps you might consider to quiet the buzz in your brain – even if you don’t want to take up meditation. In addition to feeling calmer and more focused, you’ll probably be more efficient, too. Turns out that people aren’t very good at thinking about two things at once. One study showed that when people were interrupted to respond to email or IM, it took about 15 minutes for them to resume a serious mental task.

So consider taking steps like these, at least occasionally. They may not all work for you, but you may find a few that will help you focus.

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7 Affordable Resources for Self-Employed Workers | Mashable

Today’s career landscape is bizarre by Boomer standards: 23-year-olds are CEOs, working parents are running businesses out of their living rooms and work-from-home opportunities abound in almost every industry.

Given these recent trends in the career industry, it’s unsurprising that more and more employees are considering becoming their own boss — and many get the opportunity to do so. The “virtualization” of jobs, the influx of startup culture and the rise of the gig economy are all contributing factors to increasing opportunities for self-employed workers.

If you’re thinking about leaving behind a nine-to-five to freelance or embark on an entrepreneurial business venture, below are a few helpful resources to give you a leg up.

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