Weekend reads: vacation, cybercrime, and freelancer retirement
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This week we take a look at one of our favorite topics: insurance! Plus some arguments on why your boss should give you more vacation time, how being a yoga teacher might not be the zen it's cracked up to be, and tips on setting yourself up for retirement with the right financial advisor and savings plan.
We have to wait a little longer for computers to become self-aware and start dispensing digital justice, so until then it’s up to us to police cybercrime ourselves. We consumers are (sadly) used to security breaches, but even more cybercrime goes on behind the scenes, where hackers use computer know-how and social engineering to steal a lot of money and data from businesses. What can companies do about it? Besides basic network security (hint: your password should not be "password"), the burgeoning new industry of cybercrime insurance can help mitigate the risks of doing business in the digital age.
Yoga is all about being at peace and getting centered and finding spiritual and literal balance, right? Right, unless you’re a yoga instructor, apparently. In reality it’s a game of running from studio to studio, fitting in as many classes as you can to make ends meet. But some are finding celebrity in a place you might not associate with the meditative world of yoga: the Internet. Swiping through Tinder probably doesn’t get you the same results as a downward-facing dog, but you can hop on Instagram and take a look at yoga poses if you want to get inspired.
We like to ask the tough questions here at PolicyGenius, and a few weeks ago we asked if America was ready for a four day workweek. The answer is "no," according to our CEO, but it did bring up an interesting point about work-life balance. Most of us don’t use our allotted vacation time, and when we do we have a Pavlovian response each time our phone lets loose an email chime. But vacations are good for us – and for our careers – so if you’re a business owner, take a look at how you can encourage your employees to take time off and recharge (and then get back to work. They’ll be relieved to know they still have a job).
Finding a financial advisor is sort of a scary ordeal. You want someone else to handle your money? And not just any someone, but a stranger? Sounds like a scam. And sometimes it is. That’s why it’s important to do your homework and pick the right person for the job. Of course, that’s easier said than done; maybe to you, someone who knows what "EFT" stands for is qualified. But you should set the bar a little higher than that, like knowing what credentials a financial advisor should have or what the right questions to ask are. If you’re thinking of getting a financial advisor, take a look at this worksheet so you don’t find yourself as another block in a pyramid scheme.
Those 9-to-5 salaried employees have it so easy, don’t they? With their paid vacation and breakroom snacks and contribution-matching 401(k)s. But you’re a freelancer and things are tougher for you; you’re more worried about doing your taxes and finding your next client than prepping for retirement. Luckily, there’s a freelancer retirement option available for you entrepreneurial risk takers: a Simplified Employee Pension, SEP-IRA. Find out what it can mean for your retirement savings and how to start investing. And if you need more help, let that financial advisor you were able to find talk you through the finer points.
Image: Dennis Skley
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