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The Biggest Changes To The U.S. Retirement System In 10 Years

This hasn’t become law yet, but in a sweeping house bill known as SECURE (Setting Every Community Up For Retirement), new legislation is coming that will be the most sweeping changes we have ever had to our retirement system in more than a decade.  The house passed the vote recently 417-3, and it doesn’t look like there is much impeding the process from the Senate or even President Trump.  So, what do these changes mean to your wallet? Annuities May Hit Your 401(k) Soon Over the past 25 years, we’ve seen pensions offered by companies dwindle down to a microscopic level.   While more and more baby boomers and Gen X’ers worry about saving enough for retirement, there is no real great option in 401(k)’s to guarantee someone a lifetime income.  Target funds were designed to help make it easier to choose simple investments in your 401(k), but this legislation would now allow 401(k) providers to offer an annuity as an ...

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The Atlanta Small Business Show on Peachtree TV: Episode 12 – [5.25.19]

On today’s show, we talk with brother and sister team Anita and Howard Hsu from Sweet Auburn BBQ about how they took their business from food truck to five highly successful restaurants right here in Atlanta. We also caught up with Mark Deal, Organizer of Podcast Atlanta and the Founder of Podcast Guest Academy. Mark talks to us about how you can use a podcast to market your business. We then sit down with Tom DuFore from Big Sky Franchise about what goes into being a franchisor. ...

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How Will The Tariffs Affect Your Every Day Wallet?

The stock markets continue to see increased volatility as the tariff and trade war between the United States and China continues to heat up. We’ve quickly realized that one tweet, media story, or heightened news coverage can send the markets soaring or spiraling in a day.  Here’s a recent example of a tweet: The reality is that these negotiations are extremely difficult, and nobody really likes to see them be prolongated.  Think about the most difficult negotiations you have probably done in your lifetime which is the buying or selling of a home and how your emotions ran high over $10,000 or $20,000 of negotiations when someone asked you to repair a cracked window or a lock that didn’t work. We are in an unprecented $420 billion-dollar trade gap right now which really means we buy a lot more stuff from China than they buy from us.  The tariffs (which really are a tax) act as a way for us ...

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Are those Phones Calls a Scam?

For years I’ve been telling my clients that those phone calls from the IRS are scams.  The IRS does not call people.  And you should never give out your information over the phone. Well now the scammers have moved to Social Security.  There is an increase in scam calls, claiming they are from the Social Security Administration.  They sound official making claims that due to fraudulent activity your Social Security number is being suspended.  What they are trying to do, is get you to let your guard down, so you will give them some of your personal information. Let me be really clear.  Your Social Security number is NEVER suspended.  This is not something the administration does, and they will never make phone calls to people.  Most of the time communications come from official postal mail. But you may have gotten an email from the administration and that is probably real.  If you have gone to SSA.gov and created a ...

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Opportunity Investing

There are many successful investing strategies.  Warren Buffett likes to buy-and-hold.  For Jimmy Buffett, it’s always 5 o’clock somewhere.  Some people say diversify (don’t put all your eggs in one basket) to reduce risk.  Others look for opportunities that lead to tremendous growth. Let’s take a closer look at “opportunity investing”.  There are always Investment opportunities.  They come and go, some are good and some are bad.  If you’re old enough to be reading this while drinking your morning Starbucks Green Tea Crème Frappuccino®, then you probably remember the dotcom boom in the late 1990s, or the real estate boom in the mid-2000s.  Presently, there are several investing themes that have people excited, including:  cannabis, genomic revolution, blockchain (bitcoin), eSports, sports betting, and 5G. One opportunity we believe will have a tremendous and long-lasting impact is 5G.  PC Magazine says “5G is an investment for the next decade”.  So, “What is 5G” you may ask?  Let’s take a look. 1G ...

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The Atlanta Small Business Show on Peachtree TV: Episode 11 – [05.11.19]

On this week’s episode of the Atlanta Small Business Show, we kicked things off with Brandi and Jermail Shelton, the husband and wife team behind Just Add Honey Tea Company. Next up, was an Advice From the Pros segment with startup expert, George Deeb. Then, we caught up with Jess Ekstrom, founder, and CEO of Headbands of Hope. After that, we took a look at another Advice From the Pros segment featuring Leslie Kuban, owner of FranNet Atlanta. We also spoke to the Executive Director of Bright Futures Atlanta, Philip Ross, and 10th-grade student, Jordan Jones. Rounding out the show was this week’s episode of the Atlanta Small Business Profile, where our host, Ted Jenkin, spoke with Clint Crowe, co-founder of Elite Event Rental. ...

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Are Mothers Losing Income Equality When They Have Kids?

Request a FREE no obligation consultation: www.oxygenfinancial.net The pay gap between men and women is still not close to equal, but there are more signs when it comes to motherhood that the gap is widening even more. For example, one study showed that for women, incomes drop 30% after giving birth for the first time and never catch up. That’s according to a working paper by Henrik Kleven, Camille Landais and Jakob Egholt Sogaard published by the National Bureau of Economic Research in January 2018. The study used Danish administrative data from 1980-2013. (source: CNBC) Also called the “motherhood penalty,” women start falling behind men in terms of their rank and their probability of being promoted just after the birth of the first child, the researchers found. About a decade later, women’s earnings plateau around 20% below the level just before becoming a parent. (source: CNBC) So, is this motherhood penalty something that will continue, and just what can be done to ...

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If you build it, will they REALLY come

We all know the iconic line from Kevin Costner in Field of Dreams “If you build it, they will come”.  It was actually “…he will come”, but the business world has taken that line and transformed it to mean that no matter what you build, people will use it or pay for it.  As James Earl Jones said “…they most certainly will come”.  But will they REALLY. This business advice can be disastrous for entrepreneurs, as they cannot just create a product and hope it sells.   It is still very important to engage your customers for feedback.  The more important statement should be “who are we building this for?”. Here are a few things to think about for your next startup. Your idea is not a secret:  The secret formula to Coke is one thing, but ideas are different.  Don’t guard the idea like a national secret.  Circulate it to see if it is valuable and get some validation to ...

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