Resource Type: Article

Closing the Gap

When you determine how much income you’ll need in retirement, you may base your projection on the lifestyle that you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover that your retirement income won’t meet your needs. So what do you do then? If you…

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Five Financial Tips for Single Parents

There are few experiences in life that are as traumatic as losing a spouse. When life is upended through a divorce or the passing of your partner, it can be highly emotional—and it also presents serious financial challenges. Seeking financial help for single parents is a first step in this new phase of life. As…

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15-Minute Home Workout Ideas

Many of us have gotten creative with our workouts when gyms closed due to the COVID-19 pandemic. Some of that creativity took us outside to get exercise through bike riding, running or neighborhood walks. But what if your gym is now closed or it is now too cold or wet where you live to continue…

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Videoconferencing Can Raise Professional Liability Exposures

Design firms have changed their practice management procedures because of pandemic-related restrictions placed on office settings, travel, and in-person meetings with clients, government offices, contractors, and others involved in putting a capital asset in place. Video conferencing through various productivity tools has become part of the new normal for internal and project communications. But there…

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Saving for Retirement and College

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…

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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…

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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…

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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…

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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…

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