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Entries posted by rebecca.tonn
Rebecca Tonn has been writing for the Colorado Springs Business Journal, covering banking, finance, small business, entrepreneurialism and other subjects, since October 2007. Rebecca has a Bachelor of Arts in English from the University of Colorado at Colorado Springs, and has lived in gorgeous Colorado since 1986. When she’s not calling financial advisers, entrepreneurs or bankers for quotes, she enjoys hiking Barr Trail and the Incline, mountain biking, yoga, reading, and hanging out with her children, family and friends.

Roll it, take it, leave it or move it. Those are the options — if you’re part of the 8.1 percent of people in El Paso and Teller counties (as of June) who are unemployed, or if you’re changing jobs. In the interests of being linear — much like no one in his or her… Continue Reading Don’t ignore retirement plan when career path changes

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Credit Card Act provisions take effect today

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Two provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009 take effect today. Creditors must now provide written notice 45 days prior to the effective date of: (1) any increase in an annual percentage rate; and (2) any significant change, as determined by rule of the Federal Reserve Board, in the terms of the… Continue Reading Credit Card Act provisions take effect today

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Nearly half the nation’s top executives surveyed by Office Team are “uncomfortable” being “friended” by an employee they manage or by their bosses. However, being friended by coworkers was ranked “somewhat comfortable” by 38 percent of respondents. Senior executives at the nation’s 1,000 largest companies weighed in on the survey. Office Team offered the following… Continue Reading Don’t even think about “friending” your boss on Facebook

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Job seekers can skip the job fairs, but need to brush up on social skills and networking, say researchers from the job-placement firm Challenger, Gray & Christmas. Networking is the most valuable tool for job seekers, their most recent survey said, followed by social/professional networking sites, such as Twitter, Facebook and LinkedIn. The survey of… Continue Reading Looking for a job? Network, skip job fairs

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Nonprofits on the clock

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Only 4 months left to comply with changes affecting 403(b) plans Time is running out for nonprofit organizations that sponsor 403(b) plans to adopt a formal defined contribution plan document. Two years ago, the Internal Revenue Service revised Form 5500, subjecting 403(b) plans to the same audit and reporting requirements as Employee Retirement Income Security… Continue Reading Nonprofits on the clock

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People want to know what’s going on with the economy — it’s as unpredictable as the walnut-sized hail was Monday night, just north of Garden of the Gods (vicious horizontal projectiles, in case you’re wondering). As a sign of the times, a crowd of more than 500 people attended Integrity Bank & Trust’s Second Annual… Continue Reading Even a Fed president can joke about the economy

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Despite advances in gender equality in the work force and in education, the gender gap in financial literacy and planning remains. Women lag men in saving, investing and retirement planning. Nearly one-third of women, surveyed last year by Transamerica Center for Retirement Studies, did not start saving for retirement until age 40 or later. And… Continue Reading Gender gap alive, but not well, in financial literacy, planning

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Tax extension deadline change

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The Internal Revenue Service has moved up the tax extension deadline for partnerships, trusts and estates from Oct. 15 to Sept. 15, beginning with 2008 tax returns. Partnership returns are due April 15, but extensions historically were due six months later. “This will give tax preparers and individuals time to prepare their returns,” said Bernard… Continue Reading Tax extension deadline change

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One hundred years ago, insurance probably was one of the last things business owners thought about. But technology, litigation and the Internet have permanently changed the cultural and business landscape of America, not to mention the world. And insurance has evolved. “Insurance mimics society — it’s ever-changing, based on the way people do business,” said… Continue Reading Business and personal insurance: Don’t leave home without it

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When homeowners are confronted with impending foreclosure, they often will file for bankruptcy. The act of filing for bankruptcy causes an “automatic stay,” which stops creditors from taking action, thus preventing a foreclosure, said Michael Sousa, assistant professor at Denver University’s Sturm College of Law. Sousa said that if homeowners have unsuccessfully tried other means… Continue Reading Bankruptcy, foreclosures and living the life thereafter

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