You want to retire comfortably when the time comes. You also want to help your child go to college. How do you juggle the two? Saving for your retirement and your child’s education at the same time can be a challenge–but you may be able to reach both goals if you make some smart choices…Read More
Resource Type: Article
Choosing Your Beneficiary
Setting up and participating in a retirement plan are important parts of an architect’s financial future. When you have a retirement plan, it is important to name a beneficiary. Understanding the options involved in setting a retirement plan beneficiary is an important part of your decision-making. Selecting beneficiaries for retirement benefits is different from choosing…Read More
The Truth About Pet Health Insurance
Approximately 2.43 million pets were insured in the United States by the end of 2018 – an increase of more than 17% in one year. While pet insurance is increasingly popular, you need to determine if it is right for you. Learn more about this new member benefit. What is pet health insurance? Pet insurance…Read More
Pandemic Risks to Your Firm
Emergency management is the process of preparing for, responding to, and recovering from an emergency situation and the subsequent business disruption. The current viral pandemic should remind professional service firms to update their plans to address possible interruptions related to mass illnesses. All firms should reassess their abilities to meet contractual obligations and business continuity…Read More
What Can You Do About Your Cash Flow?
One major effect of the COVID-19 pandemic is its effect on the economy and the cash flow issues it is creating for small business owners of all types–including architectural firms. Should you consider borrowing from your 401(k) now? As an architect, if you have a 401(k) plan at work and need some cash, you might…Read More
5 Reasons Why Smart Women Architects Buy Life Insurance–or More of It
One of the most harrowing experiences I’ve ever had was during the sixth month of my pregnancy. My husband was out late, hadn’t called, and I was, of course, angry at his thoughtlessness. But this very evening, he had misjudged a bend in a rural, mountain road—and plummeted off the side of it into a…Read More
COVID-19: What About My Insurance?
The Covid-19 pandemic has changed nearly everything in our lives and in architectural practice. There are some resulting insurance issues that are important to consider and address. Taking charge of your insurance premiums Professional liability policies are priced as a percentage of revenue. Given the current situation which may result in less business for your…Read More
Relying on Manufacturer Representations
One of the issues faced increasingly by design firms is whether they have a right to rely on the information provided by manufacturers of products, materials, and systems. The standard of care states that if the reliance of the design firm on a manufacturer’s information or representations is reasonable at the time of the design…Read More
Never Too Soon to Start
If you’re relatively new to practice, you may think that you can deal with retirement planning much later. But it takes years to accumulate the savings you’ll need for an ideal retirement. It’s well worth spending time now to strategize how you’ll get from here to there–even if retirement is many years in your future.…Read More
Is Life Insurance for Single People?
Many people assume that life insurance is only for married couples and those with kids. While it is true that all single people may not need life insurance, there are some important reasons to consider it. You have student loan debt. Debt doesn’t die with you. While the loans through the federal government are…Read More