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Tag: plans

Think twice before choosing any employee benefit plans and perks

Think twice before choosing any employee benefit plans and perks

Finance
Just because your company offers you a brand-new employee benefit, doesn't mean that you have to take it. October kicks off the beginning of benefits enrollment season for many employees, as they sign up for next year's health care plan and life insurance coverage. But the list of potential perks — known as voluntary and fringe benefits — goes beyond the core suite of life and health insurance coverage and 401(k) plans. A June survey by the National Business Group on Health found that about 9 out of 10 large employers offered accidental de...
Why these teachers' retirement plans aren't making the grade

Why these teachers' retirement plans aren't making the grade

Finance
Andrea Viudez, 37, followed all the rules of retirement savings when she started her career as a middle school math teacher in Hudson County, New Jersey. She joined the school's 403(b) plan, purchasing an annuity from an insurance company representative who hosted a presentation in the teachers' lounge. With every paycheck, Viudez made a faithful contribution of $ 215. In an annuity, savings accumulate on a tax-deferred basis that pay out a monthly stream of income for life once you retire. Annuity contract holders can invest their money in underlying investments that are similar to mutual funds. These are known as subaccount...
Saudi Arabia quietly plans to increase oil output by 500,000 barrels per day

Saudi Arabia quietly plans to increase oil output by 500,000 barrels per day

Business
Sept. 28 (UPI) -- Saudi Arabia is poised to steadily increase production to compensate for the Iranian oil that will be subject to U.S. sanctions starting Nov. 5. Saudi Arabia hasn't said anything publicly, and seemed to tow the OPEC line following Sunday's meeting with other major oil producers. But Commerzbank said Friday that Saudi Arabia could pump another 500,000 barrels of crude oil per day. "Saudi Arabia apparently plans to quietly increase the oil supply in the short term to compensate for the shortfall in Iranian oil," analysts from Commerzbank said Friday. President Donald Trump has been at odds with the Organization of the Petroleum Exporting Countries since he tweeted last week demanding increases in production to lower prices. It's turned into a game of chicken between the tw...
SpaceX changes plans to send tourists around the moon

SpaceX changes plans to send tourists around the moon

Technology
SpaceX said it has signed the first private moon traveler, with some changes to its original game plan. The big reveal on who it is — and when the flight to the moon will be — will be announced Monday at the company's headquarters in Hawthorne, California. It's not the same mission SpaceX founder Elon Musk outlined last year. The original plan called for two paying passengers to fly around the moon this year, using a Falcon Heavy rocket and a Dragon crew capsule. At the time, Musk said the pair approached SpaceX about sending them on a weeklong flight and paid a "significant" deposit for the trip. The new strategy is to still fly around the moon, but using an even bigger SpaceX rocket still in development that has its own dedicated passenger ship. And now, it appears there wi...
Texan says he's selling 3D-printed gun plans after ruling

Texan says he's selling 3D-printed gun plans after ruling

Technology
The owner of a Texas company that makes untraceable 3D-printed guns said Tuesday that he has begun selling the blueprints through his website to anyone who wants to make one, after a federal court order barred him from posting the plans online.  Cody Wilson said at a news conference that he started selling the plans Tuesday morning and that he had already received nearly 400 orders. He said he'll sell the plans for as little as a penny to anyone in the U.S. who wants them. "Anyone who wants to get these files is going to get them," Wilson said, noting he can only sell to U.S. customers. "They can name their own price." Wilson said that blueprints purchased through his company's website could be downloaded on a thumb drive and shipped to buyers by standard mail, sent by email or sent...