A large number of Americans intend to keep working past retirement age. For many, their reasons are financial. Some have a high level of debt while others are afraid if they retire too soon, they will run out of money.
Working longer offers several financial benefits; workers are able to:
- Accrue a higher Social Security benefit
- Grow a higher pension benefit
- Allow more time to save money and permit investments to grow
- Utilize company-paid insurance benefits
Uncover the Pros and Cons of Secured Financing versus Unsecured Financing
Understanding what types of financing exists and how these options can be applied to one’s business can be helpful when it becomes a necessity. Whether it’s secured financing through the U.S. Small Business Administration (backed with personal and business collateral) or unsecured types of financing through venture capital or angel investors, each type has its potential benefits and drawbacks.