An annuity is a financial product designed to provide a steady income stream during retirement. It is a contract between you and an insurance company, where you make a lump-sum payment or a series of payments. In return, the insurance […]
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What Is a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA)? If a small employer does not offer group health insurance coverage, it may provide a qualified small employer health reimbursement arrangement (QSEHRA) instead. With a QSEHRA, employers with fewer than
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Net Income vs. Operating Cash Flow: An Overview Financial statements provide a wealth of information about a company and its operations. Many investors, analysts, and creditors refer to a firm’s net income and operating cash flows to understand how well
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The Canada Pension Plan (CPP) and the U.S. Social Security system are publicly provided pension systems. They both provide retirement, disability, and survivor benefits but the amount individuals pay and the benefits they receive differ. Key Takeaways The Canada Pension
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408(k) Plan vs. 401(k) Plan: An Overview 408(k) and 401(k) are sections of the Internal Revenue Code that outline employer-sponsored retirement plans. Both sections provide guidelines for plans that give employees a means of saving for retirement in a special account. That’s where
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If you didn’t reach age 62 by Dec. 31, 2015, you cannot claim spousal Social Security benefits and later switch to claiming your own benefit. A federal law passed in 2015 eliminated that strategy, which some couples once used to
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Business executives often blur the line between outsourcing and subcontracting but the two practices are quite distinct. The primary differences lie in the amount of control a company has over the work process and whether the work could have been
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Free market capitalism is an economic system that can generate great wealth and prosperity for businesses, nations, and their citizens. It is also a system that creates winners and losers through competition. While competition can lead to innovation and invention,
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What Is the Cost Accounting Method? The cost accounting method, which assesses a company’s production costs, comes in a few broad styles and cost allocation practices. However, cost accounting comes with advantages and disadvantages over other types of accounting methods.
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Loss Ratio vs. Combined Ratio: An Overview The loss ratio and combined ratio are used to measure the profitability of an insurance company. The loss ratio measures the total incurred losses in relation to the total collected insurance premiums, while
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