Best Employee Retirement Plans

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Disclosure: This content is reader-supported, which means if you click on some of our links that we may earn a commission. Starting an employee retirement plan is not too hard or expensive, even for small businesses. Plus, these programs offer tax advantages to both the employees and the company, which leave more money in everyone’s account. Offering such benefits is a great way to attract qualified candidates and gives your top talent a huge reason to stay. The sooner you start the better. First, I’ll walk you through the different types of employee retirement plans available. There are more than just 401(k) plans helping people save for post-career life, including some types that are specifically made for small businesses. Then we’ll take a look at what to consider as you decide on which provider you want to manage your employee retirement plan. There’s a little bit to know, sure, but …

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Macy’s will reopen another 80 stores for Memorial Day weekend, while warning of $1.1 billion loss

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Macy’s says sales could be down by as much as 45% due to temporary store closures, and the overall coronavirus-induced downturn to the economy. Macy’s has released the preliminary financial results for its fiscal Q1, and its forecast shows just how badly the iconic department store chain has been hit by the coronavirus crisis, reports CNBC. The company said it expects a first-quarter operating loss of between $905 million and $1.1 billion. That’s compared to $203 million in net income for the same quarter a year ago. Read Full Story

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