Knowledge and Insights: Newsletters

Does Your Audit Committee Have What It Takes?

For-profit companies are always searching for ways to improve their efficiency and productivity—otherwise known as the “bottom line.” Nonprofit organizations have the same needs. Similar to public corporations, the board members plays an integral role in achieving these goals. That is why great care must be taken when selecting members. Members must possess the skill…

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Would Your Nonprofit Benefit From an Alliance or Merger?

Nonprofits are finding it increasingly difficult to operate under the continued financial uncertainty and regulatory pressures of the last several years. Many have reached the point where they have begun to assess, or already take advantage of, alliance or merger opportunities. As happens in most situations, those that proactively plan, for either an evaluation or…

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Strengthen Your Municipal Management and Credit Rating

Ratings agencies track the financial condition of bond issuers and update their ratings if and when necessary. Many credit ratings are upgraded or downgraded by these agencies each year. Such changes directly affect the cost of interest municipalities and taxpayers pay on their debt. Since the financial crisis of 2008, credit spreads, or the cost…

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The Importance of Succession Planning in Government

According to the U.S. Census Bureau’s Census of Governments report, the number of state and local government employees decreased 0.2% and 1.5%, respectively, from 2010 to 2011, the latest available data years. This decrease, seemingly a continuing trend, stems from many factors, such as early retirement incentives, government downsizing, and private sector opportunities. Today, with…

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National ‘America Saves’ Week – February 25th to March 1st

Looking to achieve a financial goal? Whether it is something small like the latest new gadget, large like a down payment for a house, or ongoing like retirement, saving is the best ways to get there.

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Life Isn’t Short

The following is an excerpt from Mr. Kamen’s highly-acclaimed book, “Reclaim Your Nest Egg: Take Control of your Financial Future,” published by Bloomberg Press. We all know how hard it is to deal with the idea of your own mortality. But it appears that conceiving of your own potential longevity is equally difficult. According to…

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Holiday Financial Hangover Cures

Through February, you may dread every trip to the mailbox. How did I manage to run up my credit card balances so high? Why did I open those new store card accounts? Were the discounts I got worth the interest I am going to pay? If financial overindulgence this past holiday season has you feeling…

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Should I Consider Long-Term-Care Insurance?

As the first baby boomers approach their 70s in a healthier state than any prior generation, and as medical expertise and technology improve, it is vital that they address the possibility of needing long-term care. According to a recent study by Bankers Life and Casualty Center for a Secure Retirement, 70% of all Americans between…

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