Financial
401kzone.com Wants to Know:
Are You Prepared for Retirement? 45% of American Workers have saved less than $25,000 for retirement and 26% have saved less than $1,000. Source: Employee Benefit Research Institute, 2018 In 2019 employees were more confident that they would have enough for retirement, but less than half had actually calculated how much they would need. In…
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401(k)s Change How Americans Face Retirement
Out of all US households surveyed, 77 percent are confident 401(k)s can help reach retirement goals. That includes a lot of people since over 55 million Americans participate in 401(k) plans. Those plans are estimated to contain $5.67 trillion in assets at the end of first quarter 2019 according to the investment research and advocacy…
Read MoreTuesday Tax Tip – Distribution Checks
Tuesday Tax Tip – Distribution Checks The IRS released a ruling that retirement plan distribution checks must be taxed even if the check hasn’t been cashed. An individual’s failure to cash the distribution check received in 2019 does not permit one to exclude the amount of the designated distribution from gross income for that year…
Read MoreU.S. Economy Stress Cracks Widening?
Everything is not like a Hollywood movie in America. The economy of the United States is beginning to show stress from the enormous debt carried by the average citizen. That pressure was seen this week as the American stock markets experienced huge losses which drove investors values down around 3% in a single day. Warning…
Read MoreFlooding in US Challenging Farmers
If you think the heavy rains and flooding in the United States isn’t your problem, think again. Farmers have been late or unable to plant crops; and that will affect not only prices, but foods availability as well and eventually, the economy. Check out this article from Forbes for the update.
Read MoreAnother Signs the Giving Pledge
Mackenzie Bezos, following her divorce from Amazon’s founder and CEO, Jeff Bezos, has joined a list of wealthiest people who have agreed to participate in the giving pledge. Mackenzie Bezos, who ranks 22nd on the Bloomberg’s Billionaires Index, said she left Jeff Bezos with 75% of their Amazon stock, as well as all of their…
Read MoreThoma Bravo Acquires Ellie Mae – 10% Staff Laid Off in Restructure
Ellie Mae laid off around 10 percent of its staff in a team restructure plan after being acquired in April by Thoma Bravo for an all cash $3.7 billion purchase. Ellie Mae, Inc. is a cloud based software company that electronically processes 35% of all U.S. mortgage applications through its streamlined mortgage origination process. Ellie…
Read More4 Consistently High Paying Dividend Stocks With Growth Potential
Updated by Nate Parsh on May 17th, 2019 The ‘holy grail’ of dividend growth investing is to find businesses that offer: Growth potential High dividend yields Consistent and safe operations This article takes a look at 4 businesses that have: High dividend yields above 4% Above average total return potential Consistent operations backed by a…
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