Business

Social security COLA: Seniors will soon get a big increase in cost of living benefits

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CNN — Senior citizens and other Social Security recipients will start getting a heavier monthly benefit next month due to an 8.7% annual cost-of-living adjustment aimed at helping them cope with high inflation. The increase, the largest in more than 40 years, will boost retirees’ monthly payments by more than $140 to an estimated average … Read more

The biggest mistakes owners make when selling their business

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Robert Daly | Getty Images For many entrepreneurs, the sale or transfer of a business is like giving up a baby they have raised from infancy. Certainly, there’s a lot at stake economically, given that 80% to 90% of owners have their financial wealth locked up in their companies, according to estimates from the Exit … Read more