Running a business is no easy feat. As an owner, you face numerous challenges, from managing finances to attracting and retaining talented employees. In such a competitive landscape, it's crucial to stand out from the crowd and create a workplace that values and supports your employees. One way to achieve this is by offering employee benefits. So let's explore why providing benefits is essential for your business and how it can contribute to your long-term success.
Not long ago, a typical retiree enjoyed a pension benefit provided by their employer, a guaranteed income stream for as long as the retiree (and the spouse) lived. It was entirely employer-funded, a sort of a reward in exchange for a job well-done and loyalty. Some employers were generous enough to even subsidize all or most of health benefits during retirement.
To our friends who are tax and estate planning professionals, we hope you are enjoying the warmer weather. Here is another list of articles that I hope you find interesting and helpful to your practice.
Let’s talk about disability, shall we? Specifically, disability insurance.
Are you a Six Million Dollar Man/Woman?
Of course, I’m referring to the wildly popular sci-fi TV show from the 70s, The Six Million Dollar Man. Remember the show? No? Never heard of it? Okay, never mind.
If you're a business owner, your company is probably the most valuable asset you own. As such, growing and protecting the value of your business, and eventually monetizing such value, is enormously consequential to achieving your financial independence.
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