Understanding what basic employer-sponsored life insurance is and how it works can help you determine if you need to include this kind of life insurance coverage in your financial plan. What Is Basic Life Insurance? Basic life insurance is a form of group life insurance, wherein an insurer enters into a contract with an entity or organization, such as an employer, to provide low-cost coverage to the entire group. Employers that offer basic life insurance generally provide policies with a specific death benefit amount, which is usually set as either a dollar amount or a multiple of the employee’s annual salary....

You will find information below on the kinds of skills you develop with an anthropology major, as well as a list of jobs that are ideal for an anthropology major. Anthropology Major Skills Anthropology majors have an intense curiosity about the diversity of cultures throughout human history. They are open to new ideas and new ways of thinking about life roles. Anthropology majors gather information through the observation of groups within foreign cultures or domestic subcultures....

Black Monday 1929 The first Black Monday was October 28, 1929. It was the first Monday after Black Thursday, which kicked off the stock market crash of 1929. On that day, stocks fell by 12.82%. That followed the 11% decline experienced a few days earlier on Black Thursday. The next day was Black Tuesday, when the stock market lost the remaining gains it had made during the entire year. The sell-off was not enough to start the Great Depression of 1929, but it set the stage by shattering confidence in business investing....

According to the Federal Reserve Bank of Richmond, these phases are inevitable. The more you understand their phases, causes, and history, the more you can protect yourself from their effects. Phases of the Boom and Bust Cycle The boom and bust cycle has the same four phases as the business cycle. The boom phase doesn’t typically end unless the economy overheats. There’s too much liquidity in the money supply, leading to inflation....

A forecast of more than 3% inflation doesn’t mean February’s 7.9% rate—a 40-year high—would last nearly that long, but it’s still well over the 2% range we’d gotten used to in the decade leading up to the onset of the COVID-19 pandemic. What’s more, 78% of survey respondents expect fallout from the war in Ukraine to worsen the supply chain problems that are contributing to inflation. In fact, many forecasts have underestimated inflation, and the outlook “deteriorated significantly this year even before Russia’s invasion of Ukraine,” Federal Reserve Chair Jerome Powell admitted in a speech at a NABE conference in Washington, D....

Unfortunately, it’s easy to forget to include your savings goals in your budget. And if you don’t keep track of your savings goals, you are likely to spend your extra money on non-essential purchases, or accidentally suffer lifestyle inflation, instead. When you include your savings goals in your budget, you create a comprehensive view of your finances. This understanding of your money—spending, saving, and earning—will help you take control of your financial life and reach your savings goals faster....

Note that the 2017 Tax Cuts and Jobs Act changed the tax law around driving expenses. It eliminated the deduction for unreimbursed employee business expenses. In the past, you could deduct any driving expenses that were not paid by your employer on your personal tax return. Beginning with the 2018 tax year, through the 2025 tax year, employees can’t deduct these expenses on Schedule A. Are Commuting Miles Deductible? Q: I was an independent contractor last year....

On many job applications, there is an option to check a box indicating whether or not you have a criminal record or conviction. If you check yes, you are asked to explain your circumstances. There is a good chance that if you check yes, a prospective employer will deny you employment even before they read the rest of your application. However, it’s never a good idea to lie on your job application or during the interview process....

Learn the details of both leasing options so you can make smart leasing decisions. How Does Equipment Leasing Work? Businesses lease property for a variety of reasons: Maintaining a positive cash flowPreserving capitalGetting financingKeeping technology up-to-date In all leases, the lessee acquires an asset, called a right of use (ROU), and a liability (the obligation to make lease payments). Capital leases are considered the same as a purchase for tax and accounting purposes....

More businesses fail for lack of cash flow than for lack of profit. Why is this? Two main reasons: Let’s start by differentiating between profitability and cash flow: Cash flow is often calculated on a monthly basis since most billing cycles are monthly. Most suppliers will typically allow somewhere close to thirty days to pay. However, in a cash-intensive business with a lot of inventory turnover, like a restaurant or convenience store, it may be necessary to calculate on a weekly or even daily basis....

This weekly credit card news roundup contains what you should know about the cards in your wallet, other available offers, and new product announcements or reports that aren’t as jaw-dropping as some of the ‘fits we saw on the Grammys’ red carpet, but are still turning heads. What’s the Lowdown? Here’s what has caught our attention since March 12, 2021: Chase Refreshes Freedom Bonus Categories for Spring Last year dragged on, but 2021 seems to be passing in the blink of an eye....

Gifts, a typical holiday meal for 10 people, and a tree (an artificial one) is estimated to cost an average of $1,783, up from roughly $1,525 in 2019, the data shows. Thankfully, compared to last year, it’s not nearly as big a leap, up just 3.4% from $1,725. The Balance analyzed the price of popular items on many holiday wish lists, as well as the prices of ingredients for a holiday dinner and other Christmas staples....

Temperatures aren’t rising uniformly. The temperatures in the Arctic and Antarctic are rising more quickly than those in temperate and tropical areas. As a result, portions of the polar vortex have split off and blocked the jet stream. That’s a river of wind high in the atmosphere that races from west to east at speeds up to 275 miles per hour. It’s made the jet stream wobble. Climate change should be called “climate destabilization....

What is Business Travel? Business travel is an overall category of expenses that includes expenses for business owners and employees for business purposes: Driving to business locations, like driving to a customer’s office, to pick up office supplies, or for a meeting at a restaurantLong-distance travel by plane, train, or car to business locations, including travel to a business conference or to meet with a customer at a location across the country...

Use Free Publicity Publicity builds awareness of your business. If you use publicity correctly, it can also get you active in your community. Sponsor a community activity that is somehow tied in with your business. When something new crops up within your business, such as the release of a new product or service or a different use for an existing one, issue a press release. Your local newspaper will likely be glad to run it....

The average U.S. household paid $724 a year for credit card fees in 2020, whether or not they used cards, an industry expert says. That’s $261 more than in 2012, and it’s likely to go even higher for 2021 because of inflation and increased spending. It’s all because merchants have no choice but to raise prices for everyone to cover the cost of the fees they’re required to pay big credit card companies to process transactions, according to an analysis by CMSPI, an independent global payments consultancy....

The fed funds rate is the interest rate banks charge each other to lend Federal Reserve funds overnight. The nation’s central bank uses it in addition to other tools to promote economic stability by raising or lowering the cost of borrowing. The nation’s central bank uses its Federal Open Market Committee (FOMC) to make decisions about interest rates. It meets eight times per year to discuss current conditions and decide what actions to take....

Bollinger Band Basics Bollinger bands have three lines: an upper, middle and lower. The middle line is a moving average of prices; the parameters of the moving average are chosen by the trader. There is no magic moving average number, so the trader can set the moving average so it aligns with the techniques discussed below. The upper and lower bands are drawn on either side of the moving average. The distance between the upper and lower band is determined by standard deviations....

You may be able to claim a business loss on your taxes, but in some cases it might be limited. This article discusses these situations. What’s Deductible If You Do Have a Business? The more common case where a business has a loss relates to IRS regulations about limits to business losses. Losses from normal business operations are called operating losses. The Internal Revenue Code says that business expenses must be “ordinary” and “necessary” to be deductible....

Freelancers Don’t Get Employee Benefits Freelancing comes with many advantages, such as planning your own schedule, working for yourself, and choosing your clients. However, it lacks the common benefits that employees receive, such as paid time off, insurance coverage, and a 401(k) account. If you want any of those perks, you’ll have to provide them yourself. Self-Employment Income Can Be Inconsistent Commonly known as the “feast or famine” effect, self-employment income often ebbs and flows....