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Many Americans are financially unprepared for retirement. According to the Economic Policy Institute’s latest
study, nearly 50 percent of working-age families have nothing saved in retirement accounts, and the median amount for the rest is only $5,000. Whether this describes your personal financial situation or not, it makes sense to save money where you can. For those over the age of 55, senior discounts are one way to do so.



You just spent an hour on the elliptical with your heart pounding and your body sweating up a storm. A quick glance at the machine’s display shows you burned an impressive 600 calories. “Wow, I deserve a post-workout donut,” you think to yourself. Unfortunately, your assessment could be wrong.

According to experts, while exercise equipment measurements of heart rate, distance and pace are usually pretty accurate, calorie counts can be off by as much as 30 percent—on the high side. That means if you rely on the machine’s calculations of your calories burned, you may think you’ve worked off 30 percent more than you actually have.

There are many reasons for these inaccuracies. These three are most common:



In 2008, U.S. small businesses paid
$105.4 billion in tort liability costs according to the U.S. Chamber Institute for Legal Reform.  It’s a number we can assume has continued to grow, with more than 100 million lawsuits filed in our nation’s courts every year. From loss of customers and blemished reputations to devastating financial hardship and bankruptcy, they can cause lasting damage. Fortunately, understanding recent lawsuit trends may help you protect your small business.



In 2015, the Employee Benefits Security Administration (EBSA), through its enforcement of the Employee Retirement Income Security Act (ERISA), recovered
$696.3 million for direct payment to plans, participants and beneficiaries. They closed 2,441 civil investigations, 275 criminal investigations and 201,000 inquiries through the informal complaint resolution process. The later resulted in $402.9 million restored to U.S. workers. To say the Department of Labor (DOL) and EBSA were busy would be an understatement.

If you’d like to avoid landing on their hit list in 2016, take these steps to avoid a DOL audit of your employer-sponsored 401(k) plan.