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Wealth – Yahoo Finance
Top Tips for Small Business, Retirement, Taxes: Wealth!
On today’s episode of Yahoo Finance’s Wealth!, host Brad Smith breaks down important information for small business owners and how to best navigate some of the biggest challenges when it comes to personal finances. According to the U.S. Small Business Administration (SBA), more than 17 million small business applications have been filed under the Biden-Harris administration. BE Group Inc. Founder Suzanne Stantley explains, “The most important aspect of starting a business is really understanding the industry that the business owner is operating in,” highlighting the Small Business Administration as a great source of information and assistance for small business owners. KKOS Lawyers Founder and Senior Partner Mark Kohler presents key tax strategies for small businesses, detailing the differences between LLCs and S Corporations. Goldman Sachs Asset Management Senior Retirement Strategist Chris Ceder joins the show to explain the best ways to start planning for retirement, emphasizing the importance of starting early: “Time is basically our biggest friend when it comes to saving for retirement. The sooner you save, the better.” Meanwhile, Yahoo Finance’s Kerry Hannon explains how college graduates can take control of their finances and start saving money. CNET Money Editor Dashia Milden adds that Americans are struggling with high prices for items like groceries and gasoline, forcing them to cut back on savings as they try to manage essential purchases. Finally, Autoblog Editor-in-Chief Greg Migliore explains how electric vehicles can be a more affordable option as drivers make fewer trips to the gas pump and can receive incentives, like discounts and subsidies, for home chargers . This post was written by Melanie Riehl