This is the problem with being a new self-employed businessman – you have to balance keeping the business going and saving for your own retirement. It is a big problem: see this post in USAToday by Rodney Brooks for more details: http://www.usatoday.com/story/money/columnist/brooks/2013/12/16/small-business-pension-401k-retirement/4030873/ As the article says, it is a fine line for most self-employed. Just remember not all your retirement income will come from the business, a fair percentage will have to come from outside savings. Trust me, I am fighting with this issue myself. Just remember that planning and budgeting with a financial professional can find a middle ground that can help balance both ends of this teeter-totter. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa
Financial Musings of a Burbank CPA: 4 things to do after your credit card has been hacked
If you saw my earlier post on credit and debit cards you know you need to have a to do list if your card is hacked. If you used a credit card, there are things to do quickly if you were victimized. Emily Jane Fox posted a list of four things to think about in CNNMoney: http://money.cnn.com/2013/12/19/technology/security/target-credit-card/?iid=EL These items need to be done as soon as possible not only to protect you from fraud in the past but to start additional protection going forward. Not acting not only emboldens the hackers, but can lead to full scale identity theft, which can take years and money to clean up. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa
Financial CPA Musings in Burbank: Debit and Credit Cards – The Safer Swipe?
There may actually be a small bright side to the Target client hacking in that now everyone will hopefully be more dilligent about their credit and debit cards. See this article by Melanie Hicken in CNNMoney for more details on credit and debit cards and how to better protect yourself when these breakins happen: http://money.cnn.com/2013/12/20/pf/expert/debit-credit-cards/index.html The most important part of protecting yourself is being dilligent when using either debit or credit cards. When using the ATM, cover up the keyboard when typing in pin numbers and be sure to keep credit card slips (the full account number doesn’t get put on the receipt but other inportant info is there.) It is also good to check your accounts online if you have access and always look through your credit card and bank statments for unusual transactions. If there is anything weird, call your bank or credit card company. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa