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Here’s How Boomer Women Are Thriving In Retirement

Article by Kerry Hannon | Found on Forbes

Should I stay or should I go? It’s a conundrum for many boomer women. You’ve spent your adult life building a long and fulfilling career, but the time gradually arrives when your friends start retiring and your financial planner begins that probing discussion about how you visualize your lifestyle in your 60s, 70s and beyond.

To plenty of female boomer professionals — who spent their careers breaking through barriers to achieve success and independence — retirement is practically an anathema. Read more

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5 Financial Rules to Live By

Article by Christy Bieber | Found on CNN

Are you among the 65% of Americans being kept up at night by money worries? Managing your money can definitely be overwhelming, especially with so much conflicting advice out there.

The good news is, you don’t actually have to do much to get your finances under control. You just have to follow a few simple rules to streamline your spending and tackle all of your biggest money issues.

Here are five basic financial rules to live by that will change your life and put you on the path toward a more prosperous future. Read more

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How Should I Invest My Inheritance Money?

Article Written by Katie Lobosco | Found on CNN

What are the best ways for 20-somethings to invest inheritance money? — Jason

Staring at a new big balance in your bank account can be exciting. It can also freak you out.

On one hand, an inheritance could open up new financial opportunities: paying off your student debt once and for all, buying a home, going on a big vacation, starting a business.

You’re not alone if your first inclination is to buy a boat, throw a lavish party, or put it all into the stock market. People often don’t treat the money received through some kind of windfall the same way they do their regular income. Read more

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Big Businesses Are Struggling to Fill Open Positions This Holiday Season

Article by Emily Canal | Found on INC.COM

The holidays are upon us, but not everyone is ready for the festivities to begin. Many companies are having a hard time finding seasonal workers this year.

That’s according to a new report from USA Today, which says that retail, food services, delivery and many other industries are struggling from the falling unemployment rate (a 17-year low of 4.1 percent) and can’t find enough people to fill open positions. Businesses are trying new ways to entice prospective workers this season, including offering them cash, benefits, and perks. Read more

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5 money moves you need to make by 30

Article by Maurie Backman | Found on CNN

Turning 30 is a pretty significant milestone.

If you’re coming up on 30, now’s a good time to take stock of your finances and get yourself on a responsible path. Here’s how. Read more


7 Things Every Business Continuity Plan Should Contain

From EBRP Solutions:

Regardless of the type or intent of a Business Continuity Plan (and there are many), the following seven components should be incorporated in every Plan:

1.       Initial Response

When something disrupts day-to-day operations, everyone should understand what – if anything – they should do immediately.  By planning for that – and exercising it – no one will be running in circles muttering “What’ll we do?  What’ll we do?

Whoever notices the ‘event’ should know what to do (like calling 911, alerting Security, pulling the fire alarm, etc.).  Protocols for alerting the proper decision-makers should be planned (along with contact information for those decisions-makers).

The Initial Response should also include a clear plan for who will be ‘in charge’.  Whether that’s locally, regionally, or corporately, making it clear to all participants will understand – and the chance of an Alexander Haig  incident will be alleviated.

2.       Stabilization

Every disruption – regardless of cause – needs the same treatment: Containment– to prevent the situation from getting worse.

This involves understanding what happened, the cause of the event – and its potential impact if left unchecked.  Like containing wildfires, containment needs to be a simple procedure; there’s no time to get caught up in analysis/paralysis, or to delay decisions while awaiting more detailed information.

Assess the impact, determine how to stop the bleeding and figure out what short-term and medium-term goals are appropriate to the situation.

3.       Activation

Once an Impact Assessment has been conducted, what services need to be restored will become evident.

Linking the plan to the services/assets it is designed to recover (or continue) enables the Incident Management Team (IMT) to determine which Plans to activate.

Who is responsible for the Plan?  Who will be contacted by the IMT?  What will they do, where will they do it, and with whom?

4.       Communication

In response to an incident, multiple stakeholders might initiate various actions to stabilize and or restore services. This could be a diverse group of responders coordinating across multiple geographically dispersed locations.  Timely communication between the various respondents is critical to effective incident response.

Communications during an incident response may be to

  • Alert potential stakeholders,
  • Notify management,
  • Invoke responders,
  • Update current state of restoration activities,
  • Report to senior management
  • Facilitate collaboration among responders.

Every Plan should ensure that communication is emphasized and protocols are defined as to when in the recovery process  is it appropriate, who is responsible for initiation and who is the target of the notification.

5.       Planned Response

After the Initial Response activities and completion of initial Assessment, Incident managers might ‘declare a disaster’ and invoke Business Continuity Plans – The Planned Response. The scope of The Planned Response should include:

  • What is the incident scenario or is it a combination of scenarios?
  • What are the true impacts and the causality / downstream impacts?
  • What are the available response strategies?
  • Are Resources (Work areas, people, technology, supplies …) available to deliver the planned response.
  • Protocols to monitor, measure & manage the recovery efforts

6.       Extended Response

While you may plan for a specific RTO, actual recovery may take longer; perhaps days, perhaps weeks, or even months longer.

Be prepared for an extended response – even though you don’t expect it (after all, isn’t a Business Continuity Plan supposed to be about preparing for the unexpected?).

What resources (facilities, people, supplies, suppliers, technology, equipment … ) will you need to sustain a lengthy recovery?  Also plan for rotating staff, roles & responsibilities and task hand-offs for extended response.

Be prepared to work with – or under the direction of – others outside your organization.  In an event that impacts more than your organization, local, regional or federal authorities may assume command of the response.  A simple acknowledgement of that possibility – and how you’ll deal with it – should be included in your plan.

7.       Return to Normal

When a disruptive event ends, it’s not like a football game.  There’s no final whistle and there are questions that will need to be answered:

  •  Is the return to ‘normal’ or a ‘new normal’?
  • How will back-logs of work be reduced?
  • How will work be divided between ‘normal’ operations and post-event catch-up tasks?
  • How will information – for insurance and regulatory purposes – be collected?

No two Business Continuity Plans are alike, but all can benefit from considering these seven components.  In many cases, smaller plans –containing only some of these components – may be rolled up into a larger Plan that, with their inclusion, contains them all.

Isler Northwest LLC is a firm of certified public accountants and business advisors based in Portland, Oregon. Our local, regional, and global resources, our expertise, and our emphasis on innovative solutions and continuity create value for our clients. Our service goals at Isler NW is to earn our clientsí trust as their primary business and financial advisors.

Isler Northwest

(503) 224-5321

1300 SW 5th Avenue
Suite 2900
Portland, Oregon 97201

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Millennials: Are Your Hobbies And Interests The Secret To Career Success?

Article by Marissa Peretz | Found on Forbes

We already know that reducing stress with interests outside of work can help your career. Numerous studies show this, such as the study on the correlation between hobbies and job performance by San Francisco State University organizational psychologist Kevin Eschleman and colleagues. However, what if we take this line of thinking a step further? Can interests you pursue outside of your 9 to 5 have a direct, positive impact on your career? Read more

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8 money mistakes new parents should avoid

Article by Kathryn Vassel | Found on CNN

It’s a thought many new and soon-to-be parents have: How can something so tiny require so much stuff?

While you might not need all the gear you’ve stocked up on, there’s no getting around the fact that having a baby will bring changes to your budget. Read more

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Unproductive Day? Here’s How to Make Tomorrow Better

Article by Kat Boogard | Featured on INC.COM

We’ve all had those days — when no matter how much you try to focus on the task at hand, you just can’t seem to make any progress.

You type just one sentence of that important email, only to spend the next five minutes perusing one of your social media accounts. After just a little bit of work, you find yourself sidetracked by a friendly, yet lengthy, conversation with a colleague. Read more

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IRS Plans Further Steps to Curb Identity Theft

Articel by Michael Kohn | Found on AccountingToday

The Internal Revenue Service, working in partnership with state tax authorities and the tax preparation industry as part of their Security Summit initiative, reported significant progress Tuesday in the battle against tax-related identity theft, with new steps planned for next tax season. Read more