Q. As a salaried exempt supervisor, I have been given more than 40 hours of work per week, had pay cuts, and not been treated well in general. Now my employer is requiring all the salaried exempt employees to use the time clock. My understanding is that when you punch a timecard, you become an hourly employee. Is that true?A. Use of a time clock does not make a job nonexempt. A job's exemption from the Fair Labor Standards Act (FLSA) is based on a number of criteria, such as job content, scope and responsibility, latitude, and the job's impact on the organization.Before a job changes exemption... view article details

Q: I have been an estimator for a plumbing and mechanical company for two years. I am also a project manager. I have produced about $747,000 in sales this year and am managing about $1 million in construction projects. My salary is $32,800 per year. Should I be outraged?A: Maybe a little outraged.Let's assume that when you were hired, you were not expected to bring in sales. But perhaps your job has changed a great deal since then. I recommend that you ask your supervisor to review your current job responsibilities.Bringing in $747,000 is a significant amount of revenue. Typically, people resp... view article details

Q: Dear Heather,I am an African-American female who is working for a company who only seems to want to mentor and promote Caucasian people (especially Caucasian females). After putting in maximum effort for this company and even recreating their company newsletter they previously let fall to the ground, they continued to promote one white person after the other, some with high qualifications and others with only previous fast food experience.All of us African-Americans slowly deflated and realized this company did not want anyone with my ethnic background in leadership. We watched while one Af... view article details

Stock Market Indexed CDs  'For those who have amassed substantial savings but don't want to risk a penny - no way, no how - there are a few securities that provide access to the market without jeopardizing the original sum invested.'     People work hard for their money, so risky investments often make them think twice. A volatile stock market means higher risks, even for people who have been investing for years. For those who have amassed substantial savings but don't want to risk a penny - no way, no how - there are a few securities that provide access to the market without jeopardizing the ... view article details

Ways to Gain Negotiating Leverage Even When the Salary is Fixed Is it fair for a company to offer a job with a non-negotiable salary? Sometimes life isn’t fair. This is especially true in the job market, where one person might quickly land their dream job and increase their salary by $10,000, while the next person might be unemployed for months, be forced to tap into their savings, before finally taking an unfulfilling job at a low salary. I recently came across the following question: “How fair is it for a company to offer a job with a non-negotiable salary? It is considered an entry-lev... view article details

Types of Medical Insurance  Since health benefits were introduced in the U.S. marketplace in the 1940s, they have been both a blessing and a curse. No one wants to be without them, but few of us can afford to pay full freight either. Most people get health insurance through their jobs or are covered through a family member's insurance. This is called group insurance. Group insurance is generally the least expensive kind. In many cases, the employer pays part or all of the cost. Some organizations offer only one health insurance plan and others offer a choice of plans: a fee-for-service or inde... view article details

How Will Expiring Tax Cuts Affect You? It has been just a few blessed weeks since April 15, when we all emerged from stacks of 1099s and W-2s and declared ourselves ready to forget about taxes for another year. Not so fast. The tax cuts put in place during the previous administration are heading for expiration at the end of this year if Congress doesn't act. Almost everyone agrees that at least some of the cuts should be extended, but the right and the left have profound disagreements about how to proceed. So what does this mean for you? While you should always rely on a tax professio... view article details

Dear Heather,My husband is a firefighter. His dad and uncle are firefighters too, and it’s all he’s ever wanted to do. He was up for captain and had a good shot at it we thought, but he got passed over in favor of a guy with a little more seniority. My husband is devastated. I’ve never seen him like this. He can barely drag himself out the door to be at the station, and those guys are his buddies. He doesn’t want to do anything. Just comes home and watches TV on his off days. He said he’s not sure he’s cut out for the job anymore. What can I do??Katie Dear Katie,Watching a loved one struggle f... view article details

Who has the time, interest, or confidence to pick and track individual stocks (unless, of course, it's what you do for a living)? For those of us who don't, there are index funds. Every self-help guide on investing champions index funds as the safest gateway into the stock market. As portfolios of securities, indices are designed to match the performance of the market as a whole. They are essentially mutual funds that track the market, allowing even the least savvy investor to benefit from an expanding economy in a hands-off, lower-risk way. Most people have heard of the more famous indices su... view article details

Be an Ant, Not a Grasshopper  How to Invest in a 401(k) or Other Retirement Plan   How to Roll Over Your Retirement Accounts       How to Roll Over Your Retirement Accounts  What happens to your retirement accounts if you change jobs? First of all, it's your money and no one can take it from you. Initially your best option is to do nothing and leave your 401(k) or other retirement money where it is. Then, after you've made more concrete plans, you can act accordingly.If you find another job with a company 401(k), just roll the money over into the new plan. But be careful how you do this. Make ... view article details