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Business owner beware: FLSA compliance and personal liability

Insperity

And if you think insurance can shield you from such expenses, think again. In reality, employment practices liability insurance (EPLI), which may protect a business against claims made by employees in some areas, may not cover wage and hour issues. Control or maintenance of employment records. Staying compliant.

Legal 187
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Should You Consider a Reverse Mortgage?

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Prior to legislative changes that began under the Reagan administration , banks had many avenues to take the equity in a home, Walton says. However, Home Equity Conversion Mortgages (HECM) , a form of reverse mortgages insured by the U.S. However, Home Equity Conversion Mortgages (HECM) , a form of reverse mortgages insured by the U.S.

Banking 52
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Rent vs. Buy: What’s the Right Decision for You?

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Still, there are plenty of people who appreciate the flexibility of renting and the freedom from spending time and money on home maintenance. Maintenance also costs money, often more than anticipated by homeowners. Many home experts suggest setting aside 1% of your home value annually for maintenance. The Case for Renting.

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7 Travel Tips and Tricks for Navigating Obstacles on Your Next Journey

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This applies to weather-related cancellations and maintenance issues too. You should also check to see if your credit card offers travel insurance , which can help cover expenses like unplanned hotel stays and meals. Check with your bank to see what ATM fees you might incur while abroad.

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How to Untangle Your Assets and Recover Financially After Divorce

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So the process can be comprehensive, she recommends looking at bank and credit card statements for a period of six to 12 months and deciding if the expense is one partner’s or the other’s or a joint expense. It was very common for women to get very long-term spousal maintenance awards, and that just doesn’t happen anymore,” she observes.

Finance 116
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What to do if you run out of money in retirement

Work Life

Reverse mortgage rules A reverse mortgage works exactly the way it sounds: Instead of you paying the bank a mortgage payment every month, the lender sends you a monthly payment that you can use for whatever you need. You must stay up-to-date on property taxes and home maintenance. HECM reverse mortgage loans are federally insured.

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How to Choose an Employer-Sponsored Retirement Plan

Insperity

Some small businesses find that it’s helpful to contact a financial institution such as a bank or insurance company to assist in establishing and managing the plan. Administration and maintenance of the retirement plan will vary by provider. Step 6: Figure out who’s in charge.

Planning 100