Whether you call it “freelance,” “self-employed,” or “contractor”… there are some undeniably great things about working for yourself. You can set your own hours. You have the option of saying “no” to work that doesn’t interest you. And casual Friday takes on a whole new meaning.
Of course there are challenges, not the least of which is making sure you have enough clients and enough work to make freelancing worthwhile for you. But beyond business basics, there are challenges many don’t appreciate until they actually wade into the freelance world.
Read more at Mass Mutual: Freelance Finances: The Tax Challenge
There’s never been a better time to be your own boss. Really. But the freelance life does present some challenges on the benefits and insurance front.
While the days of full-time 9-5 jobs aren’t going away anytime soon, the freelance business is establishing a notable foothold in the U.S. In 2005, the number of people who had “alternate work arrangements” — which is to say freelancers, contract workers and the like — stood at 10.1 percent. By the end of last year, they made up 15.8 percent of the nation’s workforce, according to a joint study from Princeton and Harvard universities.
Read more at MassMutual: The freelancers benefit checklist
Can’t get your kids to quit playing video games? Good news: Depending on what they’re playing, they might actually be learning to be smarter about money.
Granted, games like “Mario Kart” or “Doom” aren’t going to do much to help increase anyone’s financial IQ, but a number of popular titles incorporate economic principles into their gameplay, which not only adds to a game’s immersive nature, but can impart a few lessons for younger players as well.
Source: Can Video Games Teach Kids Fiscal Responsibility
Any adoption of a child through a birth mother arrangement is a stressful process for the prospective parents.
Beyond the usual worries that accompany a pregnancy, there’s the looming chance that the birth mother, upon delivering the child, will have a change of heart — and decide that she’s unable to give the child up, a heart-wrenching decision for all parties. But for a small percentage of people looking to adopt, there’s an even worse scenario: Adoption fraud.
Read more at Mass Mutual: Adoption’s Nightmare Scenario: Fraud – MassMutual
Prince dies without leaving a will, showing the need for estate plan. Financial professionals can help with legacy planning, beneficiaries and asset management.
Read more: Estate Planning: Learning from Prince’s Untimely Passing – MassMutual
Adopting a child can be one of the biggest decisions of your life. It can also be one of the most expensive.
The reward of parenthood, of course, is worth so much more than any cost measured by dollars and cents. But adding to your family through adoption isn’t something you want to jump into unprepared. With initial expenses that, in some cases, can equal those you’d pay for a four-year college degree, there are a number of things prospective adoptive parents need to consider.
Source: Adoption: 5 Financial Considerations – MassMutual