You can have a pension and still contribute to a 401(k)—and an IRA—to take charge of your retirement. If you have a defined benefit pension plan at work, you have nothing to worry about, right? Maybe not. While pensions used to be a staple ingredient in the recipe of retirement planning, fewer companies today offer them. What's more, the benefits aren't as reliable as they used to be . Now is a good time to start thinking about where your pension fits into your overall plan for retirement. It’s dangerous to rely on any pension—even a generous one—to cover all your retirement needs. Key Takeaways A pension provides a fixed monthly benefit upon retirement for the rest of your life. 401(k)s and IRAs provide income in retirement, too. But the amount depends on how much you contribute and how well your investments perform. A good retirement strategy is to contribute to a variety of retirement investments, including 401(k)s and IRAs—even if you already have a pension. … [Read more...] about Can You Have a Pension and a 401(k)?
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What to Expect for the Markets in February
The January effect was in full effect for the first month of 2019. After a punishing December, stocks rebounded in the first few weeks of January as signs of progress in the U.S.-China trade war appeared, the Federal Reserve adopted a more dovish tone on interest rates, and earnings season revealed that some companies and sectors have more-positive outlooks than expected. It was a month to remember: The S&P 500, up 7.8%, had its best January performance since 1987, and its biggest monthly gain since October 2015. The DJIA rose 7.17% in January, its largest one-month rise since 2015 and biggest January gain in 30 years. Crude oil prices had their best month on record, surging more than 19% after three straight months of losses. Output cuts and the chaos in Venezuela, had a lot to do with that performance. The U.S. added 304,000 jobs in January, blowing out expectations despite the shutdown. While stocks have rebounded, notably for U.S. companies and indexes, risks … [Read more...] about What to Expect for the Markets in February
Najib’s new lawyer changes mind on filing fresh submissions
Datuk Seri Najib Razak's newly appointed lead counsel Hisyam Teh Poh Teik - A + A PUTRAJAYA (Aug 18): At the tail-end of Datuk Seri Najib Razak’s final SRC International Sdn Bhd appeal hearing on Thursday, the former premier’s newly appointed lead counsel Hisyam Teh Poh Teik reversed his position on filing fresh submissions. "I will not file the submissions. That is my position," he told the Federal Court. Chief Justice Tun Tengku Maimun Tuan Mat — who leads the five-member quorum in the appeal hearing — noted that Hisyam was contradicting what he had said a few hours earlier when the court reconvened following lunch. She reminded Hisyam that he had informed the court that the defence was planning to file fresh submissions and warned him: “If you choose not to participate then that is your position. The court will not repeat itself.” Hisyam clarified that his position is that he would only file fresh submissions if the defence is provided with an … [Read more...] about Najib’s new lawyer changes mind on filing fresh submissions
Singapore food delivery firms join up to draft worker welfare guidelines
- A + A SINGAPORE (Aug 18): Singapore's main food delivery platforms said on Thursday they had formed an association to draft industry guidelines for the welfare of their workers, an unprededented partnership that comes amid heightened concern for the well-being of gig workers. Grab Holdings, Delivery Hero's Foodpanda and Deliveroo said in a statement the new body would develop a code of practice to improve health and safety standards of their delivery riders and merchants. The move comes as rights groups and governments around the world have voiced concern about the rights of these contract workers, who flourished during Covid-19 lockdowns but are not typically given welfare packages like full-time employees. Last September, the Singapore government, labour industry, and others formed an advisory group to look ito strengthening protections for gig workers in online platforms, specifically delivery persons, private-hire car drivers, and taxi drivers. Healthcare … [Read more...] about Singapore food delivery firms join up to draft worker welfare guidelines
US jobless claims unexpectedly dip for first time in three weeks
- A + A NEW YORK (Aug 18): Applications for US unemployment insurance fell for the first time in three weeks, suggesting demand for labour remains healthy. Initial unemployment claims decreased by 2,000 to 250,000 in the week ended Aug 13, Labor Department data showed on Thursday. The date is particularly scrutinised because it corresponds with the reference period for the government's August employment report, which will be released early next month. The median estimate in a ^Bloomberg survey of economists called for 264,000 applications. Continuing claims for state benefits climbed to 1.44 million in the week ended Aug 6, the highest since early April. The drop in jobless claims points to still-healthy labour demand as companies try to attract and retain employees amid lingering worker shortages. Even so, several employers have been laying off staff or freezing hiring amid economic uncertainty, which could continue as the Federal Reserve (Fed) pursues an … [Read more...] about US jobless claims unexpectedly dip for first time in three weeks
You probably won’t ace a job interview without doing this one thing
If you want the job, you’ve got to demonstrate your passion and intelligence in an interview. advertisement advertisement But it’s not just about showcasing your enthusiasm, or writing a compelling script to explain your accomplishments. Acing this task also requires careful research about the company and open position. Hiring managers love hearing about how much you’ve looked into the company and why you think you’d be a great fit for this specific role. “In my experience, very few candidates do any company research before interviewing,” says Donna Svei, a résumé writer for executives and a Fast Company contributor. “[It’s a way to] stand out from other candidates.” Here’s how to make it clear that you’ve done your prep work during your next big interview: advertisement Emphasize values The best way to show you feel a connection to a company is by citing the firm’s values. These tenets are the baseline and the heartbeat of an … [Read more...] about You probably won’t ace a job interview without doing this one thing
Who is Drew Findling? #BillionDollarLawyer defends Trump in Georgia election probe
It’s hard to keep track of all Donald Trump’s legal woes, both in and out of office, not to mention the cast of characters who’ve been hired to defend the former president. In Georgia, a grand jury is inquiring into Trump’s seeming attempt to change the outcome of the state’s 2020 election results, including the infamous call in which he requested the secretary of state “find 11,780 votes.” In this particular legal battle, instead of turning to another haphazard right-wing media pundit to defend him, Trump has tapped the famed #BillionDollarLawyer, Drew Findling. Here’s what we know about Trump’s new lawyer: advertisement Trump and Findling are polar opposites. According to Findling’s social media presence , he is a pro-choice, anti-mass-incarceration advocate who gives speeches on defending battered woman syndrome cases. Findling and his new conservative client do have one thing in common: They’ve been regulars on Fox News. Findling has shared … [Read more...] about Who is Drew Findling? #BillionDollarLawyer defends Trump in Georgia election probe
Nicholas Evans, author of ‘The Horse Whisperer’, dies at 72
Nicholas Evans was also a screenwriter and journalist. (Image: nicholasevans.com) British writer Nicholas Evans, who authored the international best-selling novel "The Horse Whisperer", has died at the age of 72, his literary agent announced on Monday. A screenwriter and journalist as well as a novelist, Evans died on Tuesday last week following a heart attack. His death was only made public on Monday. "United Agents are very sad to announce the sudden death of the celebrated best-selling author Nicholas Evans who died suddenly on Tuesday ... following a heart attack, aged 72," a statement said. "The Horse Whisperer", published in 1995, was Evans' debut novel and earned him widespread global acclaim. It chronicles the story of a trainer hired to help an injured teenager and her horse back to health after an injury and sold more than 15 million copies worldwide becoming a number one bestseller in 20 countries. Close The book was turned into a movie in 1998 … [Read more...] about Nicholas Evans, author of ‘The Horse Whisperer’, dies at 72
5 Tips to Fund Your Company Without Asking Family or Friends for Money
If you're in the process of bootstrapping a company, chances are you've read content online on how to do it. In nearly every piece of content on bootstrapping, it's recommended that the business owner ask friends and family for money in the beginning. While this is certainly not intended to be exclusive, it does alienate entrepreneurs who may not have access to such resources. For the people out there who don't have wealthy relatives or friends, here are some alternatives to consider. 1. Keep your day job and save up. "I would get a job, 9 to 5, that pays you the most but that you have to do the least. And then I would build your business in the two hours during work because you can do that, and then from 6PM to 3AM in the morning. Do that until your business provides you enough revenue where you can just work on your own thing." -Gary Vaynerchuk on the topic. If you aren't fortunate enough to secure outside funding for your business, keeping your day job … [Read more...] about 5 Tips to Fund Your Company Without Asking Family or Friends for Money
What Rob McElhenney And Ryan Reynolds Learned After Buying A Soccer Team
Share to Twitter Share to Linkedin Actors Rob McElhenney ( Always Sunny in Philadelphi a) and Ryan Reynolds ( Deadpool ) knew they were in over their heads when they purchased the Welsh soccer club Wrexham A.F.C. in early 2021, especially since they hadn’t even met in person before becoming co-owners of the fifth tier Red Dragons, but their hearts were in the right place. With little to no Wrexham or general soccer knowledge, the duo’s desire to help the third oldest pro soccer team in the world get promoted to a better league trumped their lack of knowledge with the sport, city, and team. McElhenney and Reynolds’ journey with the North Wales football organization and working-class diehard fans, as well as their first in-person meeting, is chronicled in the compelling and heartfelt docuseries Welcome to Wrexham , premiering with two episodes on Wednesday , August 24 on FX at 10 p.m. ET, streaming the next day on Hulu. Subsequent episodes will roll … [Read more...] about What Rob McElhenney And Ryan Reynolds Learned After Buying A Soccer Team