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How Living a Life in “Secret” Can Be Bad for Business

How Living a Life in “Secret” Can Be Bad for Business

I’ve written a lot about what I perceive as challenges in management techniques that, while nothing new, seem to have become more prevalent in the wake of the Great Recession. I’m talking about tendencies of managers to lead from a place of crisis and fear instead of responsibility and strength, even though study after study has determined that such methods undermine morale and eventually lead to less productivity rather than more.
Filed in: Leadership, Trust
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Generation Next of Financial Illiteracy

Generation Next of Financial Illiteracy

Recently I wrote about the general lack of financial literacy and how foolish that gap is in a world where employers and government have turned over the responsibility for safety nets and retirement savings to individuals. Millennials should take note: the younger you are, the greater the chance that less and less will be done on your behalf by government and employers for your financial future.
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More About MyRA

More About MyRA

In his State of the Union Address this past January, President Obama announced the creation of MyRA, a new program to help workers save for their own retirement. MyRA is designed as a starter plan. After an initial deposit of $25, contributions as small as $5 can be made by payroll deduction. And even though the contribution is deducted from paychecks, it is not an employer-sponsored plan.
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Setting a Goal for Financial Literacy

Setting a Goal for Financial Literacy

You probably don’t know anyone who has taken a course to become more financially literate. It’s not a required part of regular school curriculum at any level and, because it’s not a recognized goal like a diploma or credential, financial education is essentially ignored. It shouldn’t be. In many ways it’s as important as driver’s education.
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One for the Books

One for the Books

AOL.com has run a story broken by Associated Press about a Santa Barbara-based financial advisor who cobbled together the world’s most valuable life insurance policy for an anonymous Silicon Valley billionaire. With a payout of more than $200 million, it slightly more than doubles the $100 million policy sold to David Geffen in 1990. It’s tempting to speculate why a billionaire would take such an action. After all, if he’s worth so much money, why does he need life insurance?
Filed in: Life Insurance, Other
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