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Category Archives: January 2013

Adding Exports to Growth Strategies

Adding Exports to Growth Strategies

The share of overall U.S. exports for companies with fewer than 500 employees rose steadily from 27% in 2002 to 34% in 2010. The number of small and midsize enterprises that export also reached a record high of 293,000, and roughly 70% of all exporting companies have 20 or fewer employees.1–2 A relatively weak dollar […]

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Understanding High-Deductible Medical Plans

Understanding High-Deductible Medical Plans

In 2012, total health-care costs for an American family of four covered by an employer-sponsored PPO insurance plan averaged $20,728. Employers contributed $12,144 of the total and employees were responsible for $8,584 (through payroll deductions and out-of-pocket expenditures).1 Rising health-care costs are the main reason that more Americans are finding medical plans with higher deductibles […]

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Having a Backup Plan

Having a Backup Plan

As people work longer, they often carry major financial responsibilities, such as mortgages and college loans, into their later years.1–3 Someone who has high medical expenses or a spouse who no longer works may have to shoulder a heavier load than a younger person. If you’re still working, have you considered what might happen if you […]

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Cost of Early Retirement Plan Withdrawal

Cost of Early Retirement Plan Withdrawal

It’s not a good sign when people raid their retirement plans to pay bills, college tuition, or auto repairs, but more workers have been borrowing from their accounts or taking hardship withdrawals in the past few years. At the end of 2010, 28% of active 401(k) participants had outstanding account loans, and another 7% took […]

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The Risk of a “Flight to Safety”

The Risk of a “Flight to Safety”

As the financial crisis grew in severity from 2006 to 2008, U.S. investors moved more than $1.5 trillion into money market mutual funds as a “flight to safety.” Over the next two years, cash flowed out of these funds almost as quickly as it flowed in when investors rushed to purchase growth-oriented securities in the […]

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Disastrous Sandy: The Financial Effects of a Historic Storm

Disastrous Sandy: The Financial Effects of a Historic Storm

Spanning more than 900 miles wide, Hurricane Sandy was the largest tropical weather system ever recorded in the Atlantic Ocean. The deadly storm devastated a number of communities when it came ashore along the heavily populated coastline of New Jersey and New York in late October.1 High winds and widespread flooding also shut down public […]

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