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Is it time for retirement?

Chad Barr

A while back, I watched a presentation by Jim Collins, author of the book, Good to Great, during the time he was heading the Peter Drucker Institute. I love this story and admire Drucker’s mindset, his bold definition of retirement, and his devotion to his art, which I hope to follow in my own way.

Groups 52
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Be Solopreneur Savvy: Insist on a 1099, not a W-2

Successful Independent Consulting

You can save more for retirement. On this tax return, I took standard business deductions (for example, for my home office, supplies, and mileage), and I deducted my retirement contributions to my SEP-IRA (Simplified Employee Pension). The real ticket to tax savings was the contribution to my SEP-IRA retirement account.

Software 195
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Ten Factors to Consider Before Jumping into Independent Consulting

Successful Independent Consulting

You need to be able to pay your bills in good times and bad. Taxes – Being self-employed means making estimated tax payments four times a year. Taxes – Being self-employed means making estimated tax payments four times a year. Being a self-employed consultant or “solopreneur” isn’t for everyone. Corresponding worksheet here. )

Cash Flow 370
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Rule of Thumb #2: Use Behavioral Lenses to Innovate and Adapt to Changes

Steve Shu Consulting

Last night I had a good dinner and conversation with a long-time friend and colleague. this legislation covers finance and retirement-related considerations. For example, by increasing the age at which people are required to take minimum distributions from retirement, how might this affect other choices? See Shu et al.

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Applied Behavioral Economics Rule of Thumb #5: Recognize the Possibilities and Perils of Anchors

Steve Shu Consulting

On the other hand, those who first got the 1200-foot anchor guessed the tallest redwood to be 844 feet high, about 3 times higher. Shlomo Benartzi, is covering a case of the defaults displayed during retirement election processes and how they affect outcomes. retirement), and context/conditions (e.g., When the anchor is up (e.g.,

Examples 195
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When Implementing Behavioral Science, What Is the Role of a Choice Architect?

Steve Shu Consulting

For example, suppose there are a layered set of three main goals to encourage people to 1) participate in a retirement savings plan, 2) save enough money, and 3) invest wisely. Finally, an architect may default most people into an automatically managed, diversified portfolio that evolves as the person reaches and continues into retirement.

Ethics 276
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André Martin’s Guide to Creating Workplaces Where Everyone Thrives

Consulting Matters

Now picture this: Consultants and coaches equipped with the knowledge, skills, and data to influence this type of culture transformation! If you’re nodding your head because this is what your idealistic heart longs for – then grab your air pods now.

Trends 156