Pension

Some Canadian employers have a private group insurance plans in place to provide their employees with an income in the event of an injury or illness that leaves them unable to work. These insurance plans protect both the employer and the employee, because by having them in place the employers are protected from being left without an income during a time of inability to work, and the employer is protected by not being sued. Disability insurance plans should not be confused with benefits overseen…

Photography is an essential occupation to society by sharing news, art, the world, advertisement, and memories. Photographers are known to be experts of their camera, know how to take a breathtaking photo, control lighting, and edit photos. Additionally, they obtain business skills, marketing, and artistic abilities; however, not every photographer is a master of his or her skills. The occupation takes years of practice even on the job the photographer is continuously learning. Photography is a…

Meta: Many Americans understand the rules pertaining to having a 401K retirement account. What seems to confuse them are the rules and regulations related to making withdrawals. As Americans became overly reliant on Social Security in the 1960s and 70s, it became clear they needed incentives to motivate them to save for their future. With this in mind, the IRS, under the direction of Congress, devised an employer sponsored savings plan called a 401K. This plan allowed employees to invest their…

Funeral insurance is a kind of insurance specifically designed to provide for the costs associated with burial and interment of a deceased loved one. It is also referred to as burial, final expense or pre-need insurance. For death is inevitable, it is a smart move to pre-plan this event. With a funeral insurance plan, not only does it make sure that one's funeral is arranged and paid for in advance but also it unburdens and helps ease the stress of the family members or beneficiaries left…

Is there an advantage of rolling 401k to IRA accounts? Read and find out! If you're wondering; what's the best way to roll over 401k to IRA accounts, you are probably changing jobs. During this time of transition, you need fewer headaches, not more. The information in this article will, at least, help you make the transition to a new retirement account, painlessly. The Easy Way to rollover 401K to IRA is to talk to a banker first. An understanding of both types of accounts and how they work will…

Your source of income, lifestyle, spending habits, current job, house location, cost of living, expenses and loans will all determine the level of your personal budgeting needs. High debt may mean you need to compromise in some areas. The following is how to prepare a budget with debt. List all of your monthly commitments such as housing costs (rent or mortgage), utility expenses, insurances, loans and other commitments that must be covered every month. These cannot be reduced and must be set as…

In addition to the medical package provided, employees have the option of adding dependents and spouses to their coverage plan. They are also eligible to register for life insurance if required. At this time, retirement packages are not available as our employee base will most likely be targeted towards youths and young adults. Holiday and Vacation pay Holidays and vacation pay will reflect the B.C Ministry of Labor legislation: Employees that have been working for the company for within a year…

Only 33% of parents actually sit down and teach their kids about saving money for retirement! It has been reported that 56% of students in high school have no idea about how to pay bills, why employers take out payroll taxes, or how to save money for big purchases or retirement. We need to start having these conversations now so your student will be prepared for their financial future. This could explain why there are so many American families that are struggling and making it pay check to…

Just maybe if I would have had fuller understanding of what the benefits of a 401K were in my mid 30s I would possibly have money saved up. It also would have been nice to have a full time job to help with saving for the future too. When I first heard anything about getting a 401K account with this credit union close to my job at City Hall, I was just getting myself back on to my feet with being clean and sober for a couple of years and I was 38 years old. My job with the city at that time was…

make a return on their initial investment, if they make any at all, “Many pension funds almost overnight found they could no longer count on issues such as auction rate securities or even money market funds.” (upenn.edu). Another issue is that the money may not even go back to the limited partners but might instead go into another investment that will take a long time to mature. In Pennsylvania, specifically, the public pension fund has poured billions into venture capital firms and has seen…