Don’t Overlook Insurance For Your Small Business Retirement Plan

This is a guest post by the

insurance for your small business retirement planOnce your small business is off the ground, you may want to start investing in your company’s future and set up a retirement plan for you and your employees.

While tax-advantaged retirement plans like the SEP IRA, pension, or 401(k) are all decent choices for retirement savings, they can also be complicated to set up and manage. Another alternative that gives a lot more flexibility is cash value life insurance.
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Best Online Stock Broker Sign Up Bonuses

best online stock brokers bonusesReady to start saving for retirement and a better financial future?

Opening an online brokerage account is one of the first steps you need to take.

Once you have your brokerage account opened you can transfer funds into the account and begin choosing investments.

When you are comparing brokerage firms you will take into account things like trade commissions and account maintenance fees.

One thing that is often overlooked are the best stock broker signup bonuses that you can earn for switching to or starting with that broker.

Top Online Stock Broker Firm Signup Bonuses

Here are the best online brokerage firm signup bonuses available. Analysis on the sign up bonuses is below the chart. [Read more…]

What Every Small Business Owner Should Know About the Affordable Care Act

In 2010, the American government passed the largest healthcare bill since Medicare. This new law, known as the Affordable Care Act, is set to reshape how Americans handle their health insurance and could open new insurance options for small businesses.

While some parts of this bill are already in action, most of the major sections don’t kick in until 2014. How will this law affect you and your business? Let’s break it down piece by piece.

Set Up Exchanges to Compare Options

In the past, shopping for health insurance wasn’t that convenient. You needed to take time out of your busy day to meet with agents from a bunch of insurance companies. Through each meeting, you had to compare the complex details of different plans and hopefully find one that worked for you and your employees.

The ACA is supposed to develop a better marketplace for health insurance. Under this law, each state needs to set up an exchange that breaks down the details of plans for people to compare. Your employees will each be able to buy their own separate plan so everyone can customize to what they want.

affordable care act impact on business [Read more…]

Can’t Get a Bank Loan? The SBA is Here to Help!

sba loanThis is a guest post by Megan Totka of

These days, it’s pretty challenging to get a small business loan. According to the Federal Reserve Board of New York, small business lending is still just three-quarters of what it was in 2008.  Does that mean you should give up on the idea of getting a loan?

Not so fast. A bank isn’t the only financing option for your business in town. You could try to get approved for a personal loan, but that can put your personal assets on the line. Another place to turn is the Small Business Association. This government agency has several different programs that can give you the financial help you need.

How Does an SBA Loan Work?

The SBA doesn’t actually lend money. Instead, it guarantees loans that are offered through partner banks and credit unions. Lenders have more relaxed lending terms for SBA business loans because of this guarantee. If you couldn’t get a bank loan, you could still qualify for an SBA loan.
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Want to Succeed as an Entrepreneur? Learn the Art of Leverage

risk reward

This will sound contradictory but the same traits that make you a successful business owner could also cause you to fail. If you understand why, you won’t join the legions of entrepreneurs that had the drive and passion to succeed but ended up going back to work for somebody else.

It’s all about leverage and if you’ve never studied how this largely misunderstood word is pivotal to your success, now is the time.

What are these personality traits?

According to Entrepreneur Magazine, successful entrepreneurs have certain personality traits in common.

  • They are curious. They’re always reading the latest article, they’re the person who asks all of the questions at the conference, and they never miss a chance to meet somebody new and ask, “How did you do it?”
  • They are controllers. They don’t want somebody else controlling their destiny and they want the autonomy to create their own vision and execute it in a way that they think is right.
  • They have tunnel vision. A little bit of adversity is fuel. It makes them work harder because it never enters their mind that they might fail.

These are all traits that lead to success but those same traits can limit growth if taken to extremes.

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Video Review and Walkthrough of Personal Capital

We’ve done a review of Personal Capital in the past.

But sometimes there just isn’t a good way to put into words how well a new financial tool works.

Being able to show Good Financial Cents readers exactly how to sign up for an account with Personal Capital, look at what the tool looks like, and giving an overall walkthrough would require a video.

“But Jeff, I’ve never done a video!”, I explained… mostly calm.

“You can figure it out. Just give it a try. I think this is really important for readers to see.”, he retorted.

And that’s how we got here.
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How to Get a Personal Loan Approved

get a personal loan approved bad creditIn some cases, a personal loan is desirable.

You may want to start a home business, or you may want to borrow for a vacation, or you might have some other use for the money.

A personal loan — usually unsecured — can provide you with a little extra cash to help you meet your goals.

Actually securing that personal loan can be a bit difficult, though.

Here’s a few ways on how to get your pers0nal loan approved.

And if that doesn’t work, we have offer some other options, too.
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Payday! The 5 Best New Checking Account Promotions

best new checking account promotionsYou learned about how to balance them in economics class in high school.

You got a “free” one when you went to college or entered the work force.

And unless you think you can go throughout life using only cash, you’re going to need one: the incredibly mundane checking account.

Raise your hand if you get excited about checking accounts.

No one? Come on, surely there is a banker in the crowd somewhere!

Checking accounts are dull. They are an every day part of life. They don’t pay hardly interest (or none at all). You have to order checks from your bank and reset your PIN number on your debit card every so often. Direct deposit gets set up from your employer, and money magically appears in your account.

Checking accounts lack the excitement, sophistication, and appeal of more rewarding accounts like an investment trading account. (“Open an account and make $10,000 on your first trade, guaranteed!”)

But not everyone needs, wants, or uses an investment trading account. Almost everyone will use a checking account in their lifetime.

So why let yours be … “blah”? Why not get an account that is not only worth having, but will reward you for signing up? Why not take advantage of some of the best new checking account promotions?
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Credit Card Hacking with App O Rama: How to Receive Thousands of Airline Miles and Cash Bonuses

When Kevin first approached me about the idea of writing a post and conducting a personal case study on himself about “App O Rama”, I had no idea what he was talking about. After a brief explanation, I was intrigued…very intrigued.

Why? ‘Cause I’m all about hacking certain strengths to achieve real and quantifiable benefits.

I hate credit card debt, but I use a credit card for everything I buy. We pay it off each month, collect our reward points (usually cash) and we’re on are happy way.

If you are responsible enough, credit cards are not evil.

To me, App o Rama is taking it to the next level. What’s it all about? Read on to find out….

app-o-ramaFair warning: I’m about to take most things you know and love about your credit score and turn them upside down. Please buckle up, it might be a bumpy ride.

Your credit score is precious.

It is something to be loved, cherished, and above all… protected at all costs. (Or at least… most costs.) We put it into a high security vault and make sure nothing ever touches it. We pay off our debts, set up automatic payments, and do whatever possible to avoid foreclosure and bankruptcy.

Personal finance bloggers, financial planners, and pundits all love to heap praise upon the mighty credit score. Your credit score is the thing that can rescue you from thousands in errant interest payments and help your refinance to lower your costs. It’s one of the things people in debt most worry about. That’s why you see a ton of articles out there about how to improve your credit score.

And that’s great. Most people simply don’t understand how much of an impact their credit score can have on their life.
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Capital One Spark Cash Business Credit Card

Finding a solid business rewards credit card isn’t always easy. Sometimes there are high annual fees while others have tiered rewards where you have to spend thousands of dollars before any real rewards kick in.

For the business owner that doesn’t want to have a bunch of separate credit cards aimed to provide the most benefit in each category of spending (typically office supplies, telecommunications, gas, dining, and lodging just to name a few), it can be hard to find that all around solid card.

Who wouldn’t want to carry just one credit card instead of five?

Enter Capital One’s Spark Cash Business Credit Card to save the day.
[Read more…]