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Review Category : At The Workplace

Why 9 to 5 Will Never Exist Again

Who could ever forget Dabney Coleman as the boss who gets paid back in spades by Dolly Parton, Lily Tomlin, and Jane Fonda in the 1980 movie 9 to 5.  I’m sure those of you who can remember seeing the movie are probably humming the song in your head, so here goes: “Tumble outta bed And I stumble to the kitchen Pour myself a cup of ambition And yawn and stretch And try to come to life Jump in the shower And the blood starts pumpin’ Out on the street The traffic starts jumpin’ The folks like me on the job from 9 to 5…” It’s 35 years later and 9 to 5 might have existed in that world, but let’s look at the important changes: Before you even tumble out of bed, you pick your phone up to see what e-mails, text messages, and important Facebook notices have come in from 11 p.m. to 6:30 a.m.— and then you ...

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How To Negotiate Your Next $10,000 Pay Raise

You just finished up your taxes and realized that you either owe money or the refund you received just wasn’t enough to complete the remodel you had in mind this year. You hoped your income would go up here in 2015, but once again you were saddled with a cost of living adjustment and hoping the company will promote you sometime in the future. Are you serious about getting that $10,000 pay raise this year? Pay raises don’t happen by accident. They don’t happen to people who wait for them to happen. They come to those who prepare on the right way to get the $10,000 pay raise. Here are my five tips on how to make this happen for your future. Where Does Your Salary Compare In The Industry?–  I’m surprised by the number of people who never take the time to go to www.salary.com, www.glassdoor.com,or www.payscale.com to see exactly where their current salary compares to the same type of individuals in ...

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5 Career Moves To Make To Get Promoted In Your First Year On The Job

Do you want to put your life and your career on the fast track?   In my corporate career, I got promoted as one of the youngest district managers, field vice presidents, and group vice presidents in the history of the Fortune 500 I worked for during my corporate life.  I quickly learned that if you want to make more progress in a year than most people do over the first 10 to 20 years of their career, there are a few key lessons you need to learn to get on that fast track.  Those that follow these five lessons can set themselves up within a year to get a promotion and advance with light speed in their organization.  Choose The Right Boss– You’ll get asked all kinds of challenging interview questions and most certainly the one that asks where you want to be three to five years from now.   One of the most key questions you want to ask your ...

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The $11 Lunch You Didn’t Enjoy

You get rushed right around lunchtime and once again realize that you didn’t prepare something to eat today.   Your stomach is grumbling, so you rush to the basement floor of your building complex to just pick up a little something for lunch.   You notice the salad bar and begin to pile up a few things on your plate to eat for lunch.  You grab a bag of chips and then a drink to wash it all down.   The deli cashier rings it all up and tells you it will cost $10.89 for your meal.   As you shake your head in a state of shock, you only kick yourself further down the road for not preparing something that will cost you less and you’ll enjoy more.   How many $11 lunches have you had over the last year that happened just like this?   Here are five fast food places you could go to for $5 or less (and eat reasonably healthy as ...

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When Can I Hire My Kids In The Business?

When you run a small business, you often look for almost any tax deduction that you can take off your bottom line that has a legitimacy when it comes to filing your taxes. For most business owners, there is always a blurred line between your personal life and your business life. Often, your children end up getting involved whether it comes to running errands, filing papers, or even assisting with your company Facebook page. So, the big question is when can your hire your children in the family business and how do you document this when it comes to filing your taxes? I truly believe that one of the most underutilized tax deductions for small business owners is getting their children engaged in the family business. By placing children (or even grandchildren) on the payroll who are under the age of 18, you can create a great opportunity to take advantage of something called income shifting. Your company can hire ...

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How Much Of My Mileage Can I Tax Deduct This Year?

During tax time, we often get the question from employees and business owners about how much of their auto mileage they can deduct on their tax return. This is one of the biggest questions where a slippery slope can occur without approaching this topic in the right manner. For most people including business owners, their automobile is not used 100% for business purposes. Thus, if you use the car for both business and personal purposes, you can only deduct the mileage related to the business portion of using the car. Here are some ‘your smart money moves’ guidelines when thinking about how much of your mileage you can deduct on your tax return. You can generally figure the amount of your deductible car expense by using one of two methods: the standard mileage rate method or the actual expense method. If you qualify to use both methods, you may want to figure your deduction both ways before choosing a method ...

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Do You Really Think The Company Will Fall Apart When You Leave?

When you become an integral part of a company and its growth, you can convince yourself that there is no way the company can run without you.  You may be a senior vice president for a large company running an elite sales force, a design engineer working on an important product, or even the CEO at the helm of the entire operation.  No matter how much you want to convince yourself and tell your friends that the company is surely going to fall apart without you, it just may be that you have the facts all wrong.  Companies often have a backbone much larger than we’d like to give them credit, and before your derriere hits the door you’ll merely be a distant name from the past. Of all the behemoths of companies out there, arguably Apple could be the 800 pound gorilla.   When Steve Jobs passed away on October 5th, 2011, many were convinced that Apple had no ...

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Four Ways To Ditch Your Chatty Co-Workers

It is 3 p.m. in the afternoon, and you are vigorously working on an excel spreadsheet that has to be done for the boss by quitting time. While you pour over your work and feverishly toil away on the spreadsheet, you pick your head up after hearing a dreaded knock on your door (or the window glass on your cubicle). You look up to see Charlie, the office ‘Chatty Cathy’ lurking on the other side of your door. Unfortunately, there is nowhere to run and nowhere to hide, but you know if you let him in that he’ll spend the better part of the next hour amusing you with delightful stories on what he ate for breakfast and why Pop Tarts should be making a nostalgic comeback sometime soon. What do you do when you need to play a game of Ding Dong Ditch when the office blabbermouth comes to track you down? Here are four ideas that I think ...

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Are You Paying Too Much For Your Group Term Life Insurance at Work?

It’s 11:00 P.M. the night before your open enrollment, and once again you have waited until the last minute to check the boxes for next year’s benefits. Every year, I help hundreds of clients review the corporate benefits they get from their company. As the booklets get larger and the benefits more complex, one of the biggest mistakes that I see employees make is not doing a shopping comparison with their voluntary group life insurance. Remember these upcoming bullet points when it comes to viewing your company life insurance. First, there is no free lunch. Although the company may give you some life insurance that you get for no cost, if the insurance is more than $50,000 you’ll get something on your pay stub called imputed income. You’ll notice this if you look at your next pay stub and see GTL (group term life) as income on your paycheck. Second, when it comes to voluntary term life insurance and you ...

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The One Secret Your Benefits Department Never Told You About Your 401(k)

What if we were to tell you that you could get access to part of your 401(k) today and NOT pay a single penalty to move your funds into an IRA account?  You would think that we were kidding, right?  Unfortunately, most Time Warner employees (CNN, Cartoon Network, Turner, TBS, TNT, etc.) are unaware of a little known rule in your summary plan description of your 401(k) called an “in-service distribution”. Time Warner permits an in-service distribution which would allow you to withdrawal some of your money from the 401k and roll it over to an IRA while you are still employed with the company!  YES, this is 100% TRUE.  Call Fidelity yourself and find out!  By rolling over the assets to an IRA, you can maintain control of how you manage your money. Let’s face it- – some 401k’s are deficient with high fees, limited investment fund choices, and your ability to customize an investment process within your 401k ...

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