Perhaps like many architects, you sometimes take a complacent attitude toward your retirement planning. “It’ll take care of itself,” you say or, “It’s too much of a hassle to change my plan or start a new one.” Finding time to plan for your future may be difficult while you’re busy running your firm, but it’s […]
The Quarterly eNewsletter of The AIA Trust —October 2018
Brace for Natural Disasters
Storms, especially hurricanes, can cause catastrophic damage along coasts and several hundred miles inland. They also trigger deadly floods, tornadoes, landslides and torrential rains. The tips below can help you, your family, and your firm prepare for a variety of natural disasters.
Top 10 List of Long-Term Care Policy Considerations
Long-term care insurance is a relatively new type of insurance coverage that transfers the risk of needing expensive, long-term care services to an insurance company. Although there are many things to consider when purchasing a long-term care policy, the following are the ten most important considerations:
Building Information Modeling and the Transition to Integrated Project Delivery
In its most basic form, building information modeling (BIM) is the move from analog to digital design and construction. It is a model-based technology linked with a database of project information. It is poised to fundamentally change the way projects are built and the way the project stakeholders communicate with each other. And while BIM […]
Protect Your Income: Disability Insurance
Disabilities happen every day. According to the 2007 Disability Status Report published by Cornell University, 36.9% of Americans between the age of 21 and 64 are disabled. While these are not things we like to hear and talk about, these are numbers we cannot and should not ignore.
Keeping Your Firm or Component Retirement Plan Manageable
The Department of Labor (DOL), Internal Revenue Service and the Pension Benefit Guaranty Corporation jointly developed the Form 5550 to satisfy annual reporting requirements on the financial condition, investments and operations of retirement plans. If you have a retirement plan for your practice or component, you may not be aware of new requirements.
Ensuring A Safe Vacation!
For the safety of everyone aboard, it is vital to keep up on routine car care—especially during the vacation season. Here are some basics that every driver should know. For more information, consult your owner’s manual.
Straightforward Advice on Preserving Cash Flow During a Recession
Professional service firms need to set appropriate fees for their services and collect those fees to stay profitable. Regular billing and follow-up will open communication about a client’s concerns that could otherwise lead to a fee dispute. Implementing billing controls can minimize the risks that come with trying to collect on an unpaid invoice.
