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ANOTHER WAY?: Arnold Bromberg, right, former co-owner of Benny's Inc. and the grandson of the chain's founder, helps a customer at the Providence store in 2016. The family-owned business closed the following year, in part because there was not another generation of the family ready to take over. Lt. Gov. Sabina Matos says employee ownership might have offered another solution. / PBN FILE PHOTO/MICHAEL SALERNO

Matos: Task force to offer guidance, not dictate business succession

Lt. Gov. Sabina Matos is seeking to encourage employee ownership as a succession plan for small-business owners, but collaboration with the business community and...

Aged and experienced?

Which generation makes up the majority of your workforce? Generation X (born 1965-1979): 80% Baby boomers (born 1946-1964): 20% Millennials (born 1980-2000): 0% Generation Z (born 2001): 0% How...

Author to share ideas on managing millennials at next business forum

Not sure how to bridge the divide between boomers and millennials at your company? Author of “The Millennial Whisperer,” Chris Tuff will share his insights...

Young workers prize balance

Douglas H. Sherman | New England Institute of Technology senior vice president and provost There has been a lot of discussion about the “Great Resignation,” which includes baby...

Fidelity: Student loan debt tied to 401(k) loans

PROVIDENCE – From 20-somethings to those at the end of their careers, student debt is a problem across generations that also spells trouble for...

Fidelity: Pandemic affected retirement savings for 82% of Americans

PROVIDENCE – Retirement savings have taken a hit during the COVID-19 pandemic, with more than a third of Americans estimating it will take several...

Social Security isn’t doomed for younger generations

I have good news for younger generations worried that they won’t be able to claim their Social Security benefits because we older generations have...

Millennials suffer because of economy

As the age profile of Republican voters has risen, a certain note of complaint about young people has become a more prominent part of...

Survey: Millennials don’t feel good about homeownership

PROVIDENCE – Millennials are much less likely to feel good about owning a home than baby boomers, according to a recent survey of 1,000...
HYBRID PRODUCT: Geraldine B. Cunningham, president and CEO of First Financial Advisory Services, with Matthew Cunningham, left, and Peter Robinson, at her Westerly office. Cunningham said her business has seen more interest in a hybrid long-term care insurance product that allows people to pay over a 10-year period while they are still working and includes a death benefit if the person dies before using the long-term care services.  
 / PBN PHOTO/RUPERT WHITELEY

Insurance policies target long-term care

Baby boomers are planning for end of life, transforming a relatively new insurance option that combines long-term care and life insurance into a $4...
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