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Rolling Over Funds from an Employer Retirement Savings Plan: What You Need to Know
Rolling Over Funds from an Employer Retirement Savings Plan: What You Need to Know Why consider a rollover? When you roll over a distribution from a 401(k), 403(b), or governmental 457(b) plan, you generally don’t pay any taxes until you receive a distribution from the new plan or IRA. If… Read More
Leaving Your Job? Your Retirement Savings Plan Options
Are you leaving your job and considering whether to take a distribution from your 401(k), 403(b), or governmental 457(b) plan? if so, make sure you’ve considered all your options. In general, you have the following four options when you’re eligible to receive a distribution from your employer retirement savings plan.1… Read More
Nuts and Bolts: How to Roll Over Your Employer Retirement Plan Assets
Nuts and Bolts: How to Roll Over Your Employer Retirement Plan Assets There are two types of rollovers: direct and indirect. A direct rollover is paid from your plan directly to your IRA or to your new employer’s retirement plan. The funds are never payable to you. An indirect (60-day) rollover is a… Read More
Choosing a Name for Your Business or Product
Choosing a Name for Your Business or Product What is it? Naming your business or product is an important marketing decision. The name you choose will position your business or product in people’s minds, affect the image you project, and have a major impact on your success. Your corporation must… Read More
The Business Plan
The Business Plan What is a business plan? Essentially, a business plan is the management and financial blueprint of your company. It is meant to serve as both your business guide and as a tool to help you attract investors. The plan should be comprehensive yet concise. It should explain… Read More
Starting a Business – Research the Competition
Researching the Competition Why should you research the competition? It’s better to know what you’re up against Experienced runners try to avoid looking back so they won’t see the competition gaining on them. As a prospective business owner, however, it’s better to know what you’re up against. You must understand… Read More
Starting or Buying a Business
Starting or Buying a Business Planning for your own business Before you start your own business or buy an existing business, you should do some initial planning. You may have already decided what type of business you want–your own restaurant, retail outlet, service, or manufacturing plant. You need to choose… Read More
How to Cut Costs if You’re Spending Too Much
How to Cut Costs if You’re Spending Too Much How do you cut costs if you’re spending too much? No matter how tightly you try to control your spending or how strictly you follow your spending plan, at some point you are likely to wonder how you can cut… Read More
Understanding Your Paycheck
Understanding Your Paycheck Congratulations! You’ve just landed a new job. Here are some important things to be aware of before you receive your first paycheck. When will I receive my paycheck? How often will you be paid? Typically, your payday will depend on the company you work for… Read More
Cash Reserve – A Good Idea
Cash Reserve What is a cash reserve? A cash reserve is a pool of funds (and sometimes credit) that you hold in a readily available form to meet emergency and other highly urgent, short-term needs. Sometimes, it is referred to as an emergency or contingency fund. Terminology is important here… Read More