401(k) Plans
There are many economic issues facing the nation today. While some are
extremely important in determining how the economy is balanced, others are not.
Although this is true, that does not necessarily make these lesser important
issues obsolete. Take, for example, the recent issue of corporate leaders
matching contributors to the 401(k) plan with company stock, instead of with
cash. Though this is a relatively National issue, it still greatly affects a
large number of people in foreign areas as well as you and me. Because of this
effect on such a large number of people, it is necessary that this issue be
discussed, as will happen within the next few paragraphs.
In the way that a 401(k) stock matching plan is set up; timing is
everything. In a basic 401(k) plan employees put forth a set amount of dollars
(usually pre-determined personally by the employee) before taxes are withheld
This portion of the employee's paycheck is put toward his or her retirement.
What some companies prefer to do in order to make the 401(k) plan more
attractive for employees, is to match each employee's investment in the plan by
a certain percent. Here is where the problem comes in. Though some companies
match contributors either with cash or with a direct credit to the plan, other
companies match with corporate stock. According to Richard Sasanow, a former
assistant of public communications at Ernst and Young, "many experts consider
this to be one of the riskiest investments for a 401 (k)-but may be worth it if
you think your company has a great future." (Sasanow, 45) A recent survey shows
that 18 percent of all companies made their matching contributions this way.
Now for small, fast-growing businesses this would not seem as much of a risk
since these companies' stock are generally on the increase. But for some large
corporations, this is a great risk for employees since a lot of their
retirement money is now based on how well the company does.
Some say that because contribution matching is now based on how well the
company does, then employees will strive to do a more efficient job in order to
increase the overall stock price of the company, which, in turn, will increase
the amount of retirement they will receive. Now the problem of timing comes in
again. Mr. Jim Davenport, a Staff Writer for The State Newspaper uses a good
example: "An imaginary worker for an oil company was looking forward to
retiring at the end of the week. His 401(k) is fat and has been getting fatter
thanks to company stock.
This paper explores the characteristics of traditional and Roth IRAs, as well as the similarities and differences between both. The main characteristic of both IRAs is that both are considered tax shelters—a way for individuals to receive reduced tax liability by decreasing one’s taxable income. Traditional IRA’s are called “deductible” because contributions made with earned income, up to specified limits, are fully or partially deductible from income depending upon factors such as adjusted gross income and filing status. Upon withdrawal, the money is then taxed as ordinary income. Roth IRAs are the antithesis—the money that you contribute here is already taxed at your marginal tax rate and the withdrawals are generally not taxed. Only money that is considered investment income is taxed. Because of the income limits of Roth IRAs, some individuals choose first to contribute to traditional IRAs or employer-sponsored programs and subsequently convert to a Roth IRA. For younger individuals with lower incomes, Roth IRAs seem to be the better choice based on the below research. The money is taxed at a lower rate and then contributed. As one ages, tax rates are probable to rise and the cost of contributing increases as a result. Saving in full measure, below the legal limit and beginning this process at a young age seems the best option for a enjoyable retirement in years to come.
Larry Rohter was a journalist in Brazil for 14 years and from his experiences he offers in this book some unique insights into Brazilian history, politics, culture and more. In 10 topical chapters Rohter’s easy-to-read book provides a look at Brazilian history and the extraordinary changes the country has undergone -- and is still undergoing. Rother covers many significant issues, but several stand out more than others. Namely: the country’s history, culture, politics, and finally its economy/natural wealth.
Aging American must now secure other streams of income for retirement to secure their lifestyle.
important problem. This problem must be focused on and dealt with or the world is going
Child labor refers to work that is mentally, physically, socially or morally dangerous and harmful to children; interferes with their schooling by depriving them of the opportunity to attend school; obliging them to leave school prematurely or by requiring them to attempt to combine school attendance with excessively long and heavy work (International Labor Organization). Child labor has been a big problem ever since the Victorian Era. Many counties worldwide have used and still to this day use child labor. Though there are many laws that have been implemented against using children to work, many countries tend to ignore them. In my paper I will be discussing countries where child labor is present, push to stop child labor, companies that use child labor, the effects on children, and the reasons for child labor.
Imagine you and I with such limited opportunities. Imagine if children like us did not know the joys of school life but rather the life of hard physical labor. Imagine if we had to struggle miles for water, work several hours a day to earn a few scraps of food that kept us barely alive. Unimaginable, yet the life of 215 million kids around the world today – child laborers. Children are engaged in the worst forms of child labor, many of them in agriculture. They use potentially dangerous machinery and tools, carry heavy loads, work long hours in extreme heat a...
to health systems and to society is enormous. Yet no other major problem has been so widely
Where does all of this money come from to pay these superstar athletes? It comes from the fans. The same fans that cry when their team loses, celebrates when they win and pay six dollars for a beer and seven dollars for a deluxe hot dog at their team’s game. Ticket prices continue to go up every year. How fair is it for the fans to pay at least $100 to go see a game and watch their favorite player jog out a ground ball or not play their hardest, or a player misses a game because they are “sick or injured.” If a hard working person missed a couple days a month because they were sick or hurt, they would be fired without a doubt. In the case of athletes, they go on a two week paid vacation, otherwise known as the 15-day disabled list.
So if you ask yourself these questions you will be able to decide what you should do. At the same time as long as you do your best everything should work out fin for you.
Attending college provides life time benefits. However, the rising prices of tuition is making people second guess if college is worth going to. In the article “Is College Worth it? Clearly, new data say” Leonhardt claims the significance of going to college, and the advantages it holds. Later stating, “The decision not to attend college for fear that it’s a bad deal is among the most economically irrational decisions anybody could make in 2014.” I agree with Leonhardt 's claim, college is a smart choice, and fear or money should ncot stop you from attending. By going to college there are more job options, more opportunities, in the long run it saves you more money, and at the very least you have a degree to fall back on.
addressing on a wide scale because of its implications for the future life of humans and other
Socrates is a Greek philosopher who lived in Athens from 469 to 399 B.C. He was one of the greatest philosophers of his time, raising many new ideas about life. One of the many arguments that Socrates made was his case against writing, which can be found in Plato’s except, Phaedrus. When writing was first introduced, it was presented as a technology that would help build knowledge and memory. However, as a strong believer in spoken rhetoric, Socrates thought that writing would only inhibit the ability to communicate persuasive arguments verbally. He believed that true knowledge can only be obtained during verbal exchange of ideas. He also argued that humans would build reliance towards writing, grow over dependent on it, which would ultimately destroy the human capability of memory. Furthermore, writing, to So...
... will create and increase work efficiency. When more projects are getting completed at faster rates and in the right way they company will be able to take on new tasks. Whenever a company can take on more tasks, of course, it will increase its revenue. As revenue increase everyone part of the institution will benefit.
so by raising the pay or accolade employees verbally can show a significant increase in the company’s productivity.
...erybody's need, thus making the job for the manager harder to comply with his entire employee.