Small Business Owners: Five Tips for Retirement

01/24/2013
Small business owners use their entrepreneurship skills to juggle the day-to-day operations of their business, but their balancing act may leave them little time for planning for retirement. This life milestone is different for everyone, but it’s especially unique for small business owners. While most people who are anticipating retirement have savings plans sponsored by their company, the process may be more complex in the absence of such a plan. Small business owners must determine how to keep income flowing after retirement or how to capitalize off of their business by selling it and creating a nest egg. Pat O’Connell, senior vice president of the Ameriprise Advisor Group at Ameriprise Financial, shares these tips for small business owners.
 

Natural Disasters: Five steps to help protect your financial stability

12/07/2012
Natural disasters are difficult to prepare for and the wake of damage they create can linger long after the danger subsides. The total impact of disasters like Hurricane Sandy, the drought in the Corn Belt, the Colorado wild fires and the more than two dozen tornadoes that hit the South last January is massive. It can take a toll on personal, state and federal balance sheets.
 
As with most things in life, the key to financially surviving the aftermath of a natural disaster is careful planning for the unknown. Pat O’Connell, senior vice president of the Ameriprise Advisor Group at Ameriprise Financial suggests these tips, designed to help you prepare for an event that you don’t necessarily plan on.

Five Common Retirement Planning Mistakes

06/01/2011
 Most people understand the need to plan and save diligently for retirement. However, they may also be doing things that could diminish their financial security later in life. Craig Brimhall, vice president of retirement wealth strategies at Ameriprise Financial, reveals some of the most common retirement planning mistakes and how to avoid similar blunders.

Five Things to Consider Before Leaving your Job to Start a Business

08/09/2010
For those wondering if now's the time to strike out on their own, what are some things to keep in mind?

Here are five often-overlooked fiscal and psychological aspects of self-employment to consider.