You may have heard that people spend more time planning their annual vacations than they do planning for retirement. Whether you start your retirement planning years or weeks before that glorious day, you will follow similar steps to determine the lifestyle you can expect in retirement.
While you may or may not be happy with the presidential election outcome, one thing is certain: Donald Trump is going to serve as the 45th president of the United States. While it would be nice to have a crystal ball so that we could tell you exactly what this means for your wallet, unfortunately, we don’t. We can, however, give you a general idea of what could happen in 2017 based on President-elect Trump’s tax plan and his talking points during the campaign.
Getting one’s financial house in order is usually at the top of annual New Year’s resolutions, but far too often, we overlook and even neglect making critical decisions during the last few months of the year that can impact our personal financial situations for this year, next year, and for years to come.
Many employees receive mixed signals about taking time off for the holidays. For example, in one recent company event, it had been relayed to me that the CEO told his employees to “Have a great Holiday … but make your numbers,” then turned to his head of HR, and asked, “Is that what you wanted me to say?” This CEO is a notorious non-stop work machine. Throughout the room, you could hear people murmuring, agitated by the words they just heard. The general takeaway from this audience was a question of whether or not taking time off from work for the holidays would be acceptable, or would it be perceived as taking their eyes off the ball. Knowing the CEO never stops working, people were unsure if this was expected of them, too.
In recent weeks, I have had been in discussion with an HR colleague telling me about a work situation that is likely just a small example of what we will encounter as political opinions become even more pronounced. In her situation, she is working through a concern regarding an employee of Sikh religious beliefs that suffers from a hygiene issue. The employee has been with the company for almost six years, and during this time, there have been just a few conversations to address the issue, nothing documented. Unfortunately, the hygiene issue is bad enough that coworkers and clients have raised their concerns. When discussing the issue with a senior manager in the organization, she was appalled by the reaction, specifically hearing these words, “Well, the issue will not go away. He isn’t going to change what he eats.”
REACHING OUT TO THE GAY AND LESBIAN COMMUNITY?
ADVERTISE IN BALTIMORE OUTLOUD WITH PRIDE!
We are an award winning independent free news publication published every-other Friday, distributed free in Maryland surrounding Baltimore, parts of Southern PA, and Rehoboth Beach, DE. Contact us at email@example.com