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How to set up a payroll process: 10 steps

Insperity

In addition to obtaining deduction information and classification, to add employees to a payroll provider’s system, you’ll likely need: Your employees’ names, addresses and social security numbers Employees’ bank account information (for direct deposit) Your payroll register (if acquiring an existing business with payroll history).

Payroll 262
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A Freelancer’s Guide to Business Insurance: What You Need to Know

Success

As a freelancer or independent contractor, you may think your business is too small to need insurance. Client contracts sometimes even require you to have freelance business insurance. The bottom line: More than half of those surveyed said their biggest barrier to getting coverage was understanding what insurance their business needed.

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Do I Need to Buy Life Insurance?

Success

Buying life insurance isn’t usually fun, but it can be vital to your financial plan. If there are people in your life who rely on your income, life insurance can be essential to ensure that they are protected. Figuring out whether you need life insurance and what type that will work best for your family can take some thought.

Insurance 105
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Preparing to Move Overseas? Read This First

Success

health insurance may not cover you. As soon as you move abroad , you’re in charge of paying for your medical expenses, as your United States health insurance won’t let you submit any assertions, says Elena Jones, a personal finance expert at FinanceJar. You can (or may need to) purchase international insurance.

Banking 105
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Should You Consider a Reverse Mortgage?

Success

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. When they purchased a home, that was their investment. They took everything.

Banking 52
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3 key investing tips for early-career professionals

Work Life

Setting money aside before it starts burning a hole in your bank account means you will actually follow through with paying yourself—rather than letting months of good intentions go by. Invest in Long-Term Disability Insurance As a young adult, your greatest asset is your future earning potential. and own 155 shares after six months.

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Everything You Need to Know About Emergency Funds

Success

If you have dependents, heavy debt or access to other funds, like a partner’s salary or unemployment insurance, the amount you need to save will vary. Consider the minimum amount you spend each month on non-negotiable expenses like: Housing Food Utilities Insurance (health, car, etc.) How much should an emergency fund be?

Banking 119