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Tag: plan

Here are the biggest reasons every entrepreneur should have a financial plan

Here are the biggest reasons every entrepreneur should have a financial plan

Finance
I understand the attraction and challenges of entrepreneurship. I am also acutely aware of how financial planning for entrepreneurs is different. In college I went to Mexico to study Spanish and paid for most of the cost by buying American candy in bulk and selling it to other students. In my working career I've spent more time working for myself than working in a corporation.Financial planning for entrepreneurs can be more difficult. But being an entrepreneur has many payoffs. Retiring years before "normal" retirement age, starting another business or only working on things that are really interesting to them personally are all things clients who have entrepreneurial goals can achieve. But you need a financial plan to attain those payoffs.Planning in the early stage of an entrepreneurial ...
New York gives the green light to retirement plan for workers without one

New York gives the green light to retirement plan for workers without one

Finance
New York has become the latest state to give the nod to a retirement savings program for workers who lack access to one where they work.Endorsed by the state legislature on Saturday via approval of its fiscal 2019 budget, the program would be similar to others cropping up around the country that provide private sector workers with a tax-advantaged retirement account if their employer does not offer one.The budget authorizes the creation of the New York Secure Choice Savings Program. While details are slim — a state board would be charged with working out the specifics — participation would be voluntary for both businesses and workers. Employees who choose to enroll would be able to direct part of their paycheck to a Roth IRA.While contributions to Roth IRAs are not tax-deductible, the asse
If you received a 401(k) plan refund check, here’s what to do

If you received a 401(k) plan refund check, here’s what to do

Finance
If you contributed to a 401(k) plan at work and received a refund for a portion of your contributions, then chances are your plan failed Internal Revenue Service compliance testing.IRS guidelines require 401(k) plans to meet certain criteria known as "annual contribution percentage" and "annual deferral percentage" to determine the amount participants are able to contribute.The reason a person receives a 401(k) refund check is most likely that the employer's plan has failed one or both of these tests, which prevents the employee from contributing above a certain amount. And that occurs when eligible participants in the company's 401(k) plan are not contributing enough of their income, and employers are not contributing a significant enough amount on the employees' behalf, either.The reason...
PM's plan to turn closed-down shops into houses

PM's plan to turn closed-down shops into houses

Business
The Government will make it easier for shops to be turned into houses as the Prime Minister insisted she is "determined" to tackle Britain's housing crisis.Following a speech setting out how ministers hope to boost house-building, Theresa May revealed closed-down high street retail units could be converted into residential properties.Although the Prime Minister pointed to "protection" for UK high streets among Government action, she highlighted how "retailing is changing as more and more people buy goods online"."One of the elements of the new planning rules we are setting out is to make it easier for shops to be turned into housing, if that's appropriate, but also for development above retail units to take place," Mrs May added."Often, there's a very good argument for having homes being d...
Before feeding, Risso's dolphins plan their dives

Before feeding, Risso's dolphins plan their dives

Science
March 1 (UPI) -- Risso's dolphins are planners. According to new research, the unique dolphin species coordinate their dives, using learned information to inform their next dive strategy.Because dolphins are mammals and breathe oxygen, they have a finite amount of time underwater tracking down something to eat. Therefore, they must be efficient. Luckily, they boast impressive cognitive abilities in addition to their speed and agility."Lab experiments that test the memory of animals for the location of food show that they have a similar ability to that of humans," Patricia Arranz, a research biologist at the University of St. Andrews in Scotland, said in a news release.Given their social nature and advanced cognition, scientists hypothesized that dolphins boost the efficiency of their forag...