All service industry employees who earn tips should know they have rights to a fair and minimum wage. In St. Louis and throughout Missouri, employers are permitted to implement a process called tip pooling which can affect your paycheck. Unfortunately, employees are sometimes paid improperly. The good news is that there are very specific rules…
COVID-19 has impacted everyday life in unimaginable ways. It has caused or contributed to many Americans losing their jobs. The coming weeks and months may be some of the most financially difficult for individuals and families. For many, this could mean taking on credit card debt or deciding which bills get paid. Others may be…
Taking time off work after the birth or adoption of a child, serious injury, or serious injury to a close family member can be stressful. Whether or not you will be able to keep your job and health insurance are among many of the questions you may ask yourself. The Family and Medical Leave Act…
The emergence of COVID-19, also known as the “coronavirus,” has affected the workplace in unprecedented ways. As a result, Congress passed the Families First Coronavirus Response Act (“FFCRA”), which modifies the Family and Medical Leave Act (“FMLA”) and the Fair Labor Standards Act “FLSA”), among other things. Importantly, under FFRCA, employees who were previously not…
Do you earn tips at your job? Plenty of employees in Missouri do, including those who wait tables, mix drinks, carry luggage, and clean hotel rooms. For many hourly wage earners, tips can make the difference between a living wage and financial stress. Although a portion of gratuities may be counted as wages by employers,…
Do you have a high-risk tolerance when investing your money? Or do you prefer a more conservative path? If your financial advisor does not understand your risk tolerance and makes poor decisions on your behalf, you may be able to recover your investment losses. To know your risk tolerance, your answer may be affected by…
When you hire a financial advisor, you’re trusting them with your investment future. Financial advisors and brokers sometimes earn a commission on the trades and purchases conducted on your behalf. There may also be other fees charged to your investment account. Know When and Why You Are Paying Commissions It’s important to understand how broker…
You’ve likely heard it a dozen times – diversify your portfolio for maximum gains and protection against major market fluctuations. But what does that really mean? Diversity in your financial portfolio refers to spreading your investments throughout multiple assets so that your exposure to any one type is limited and minimized. This process is designed…
You work hard for your money. So, when you experience problems with your paycheck, it can be stressful and cause difficulties that affect you and your family. In Missouri, wage laws are governed by the Fair Labor Standards Act (FLSA) and the Missouri Wage and Hour laws. These policies cover a wide range of issues…
Many individuals who invested in the stock market in 2019 experienced unparalleled success and high growth in their portfolio. In fact, the S&P 500 was up 28.9% for 2019. There were some people, however, who were not so fortunate. Instead of reaping the benefits of the booming market, some sustained losses as a result of…