Do you want to become a snowbird when you retire? Snowbirds, who maintain two homes — one in a colder climate and one in a warmer one — are able to time their stays so that they enjoy better weather and more lifestyle options all year round. But your success as a snowbird largely depends on how you plan now. Here are a few key details to consider. 1. High Fixed Costs.…
Read More »When starting a business, one of the most important decisions you will make is how much equity to give up upfront. Too little, and you may not have the resources you need to get your business off the ground. Too much, and you may be sacrificing potential profits down the road. When determining how much equity to give up, there are a few things to keep in mind. First, think about how much money you will need to get your business up and running.…
Read More »Third-party risk management for financial institutions is a critical part of keeping an operation running smoothly. Most institutions are bound to need services from outside parties, and they have to be sure those organizations can deliver. It is tempting to conduct a third-party risk assessment and not come back to the issue as long as everything is working. However, you should be looking for signs of potential issues. When necessary, you should follow up on those signals by conducting a fresh 3rd party vendor risk management review.…
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