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Explore: Habits for Entrepreneurship

Habits for Entrepreneurship

Habits for Entrepreneurship

Virgin Group founder and self-made billionaire Richard Branson dropped out of school at the age of 16 to start Student Magazine, and later founded Virgin Records—and a few other businesses along the way.  Over time and various blog posts, he has recorded some thoughts on how to be successful in business and in life, apparently without taking himself too seriously.

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The Closing Donut Hole

The Closing Donut Hole

If you haven’t been really, really sick in the last few years, you may not have ever heard of the “donut hole” in Medicare Part D prescription drug plans.  This is the common name in the medical field for a quirky coverage gap where, if you incurred $3,750 worth of drug costs in any given year, you would suddenly be paying for a significant portion of your drug expenses out-of-pocket.  Last year, patients who breached that threshold would have to pay 35% of the cost of brand-name drugs and 44% of generic drugs until their out-of-pocket spending reached $5,000.  After that, they would pay no more than 5% of their drug costs for the rest of the year.  Of course, not everybody knew about the donut hole until they suddenly had to pay a significant fraction of the high cost of rare prescription drugs, and their expenses skyrocketed.

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Tax Scams to Watch Out For

Tax Scams to Watch Out For

While tax scams are especially prevalent during tax season, they can take place any time during the year. As a result, it’s in your best interest to always be vigilant so you don’t end up becoming the victim of a fraudulent tax scheme.

Here are some of the more common scams to watch out for.

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