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Business

Lawyers of Color 2014 Hot List has a Memphis element

baptist
Ahsaki Baptist, an attorney with Wyatt, Tarrant & Combs, LLP, has been named to the Lawyers of Color 2014 Hot List, which recognizes minority attorneys that excel in the legal field.  
 
Lawyers of Color, a Washington D.C.-based media and research group that promotes the causes and contributions of the nation’s minority attorneys, annually selects honorees that excel in the legal field and are involved in initiatives that promote diversity.

Be careful about cashing out

money matters
Since the recession, Americans have been keeping their jobs longer. In 2012, the average tenure for U.S. workers was 4.6 years, up from 3.7 years in 2002. Even so, there’s a good chance you may move on to a new job in the not-too-distant future, and when you do you could face a decision about how to handle any funds you have accumulated in your employer-sponsored retirement plan.
 
Typically, you have four choices, depending on the situation:

Fall and winter businesses

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The time for summer vacations, parties and lounging by the pool is coming to a close.  As the kids begin school, seasonal summer businesses of lawns and pool cleaning will soon come to an end.  But have no fear, fall and winter bring additional opportunities for entrepreneurs to earn income.
 
There are a number of seasonal fall and winter businesses that have a low cost of entry.  These businesses do not necessarily require major startup capital or years of training to pursue.
 

What investment risks should I know about?

money matters
Taken by itself, the word "risk" sounds negative. But broken down into what it really stands for in terms of investing, it begins to be a little more manageable. By understanding the different types of risk and keeping an eye on your investments, you may be able to manage your money more effectively. Remember, strategic investing doesn’t mean "taking chances" so much as "making decisions." Long-term investing and diversification may be some of the most effective strategies you can use to help manage investment risk; however, neither guarantees against investment loss.

Made In Rural America

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“Only the Serious Need Attend” could have been the slogan for the Made In Rural America forum held at Southwest Tennessee Community College – Macon Cove Campus last week (July 17th).
 
In a small amount of time a tremendous amount of information was shared with those serious enough to consider doing business outside of their perceived comfort zone. The context was this: While most businesses focus on a local market and a few become national, there are some that have their business so together that they can pursue business on an international level.

Naturals in the City Hair & Wellness Expo – Year III

natural hair expo
 
There is an empowering ring to the thought that natural beauty has an inside presence just waiting for the embrace of women, men and children. In that sense, TaKeisha Berry-Brooks is an empowering person.
 
 
The founder of the Naturals in the City Hair & Wellness Expo, Berry-Brooks was an organizer in motion this past weekend as the third annual event unfolded, drawing a lively crowd to Minglewood Hall on Saturday.

What are SEP IRAs?

money matters
A simplified employee pension plan (SEP) is a deferred-compensation arrangement that is similar to a profit-sharing plan. It can be set up by employers and self-employed individuals, as well as sole proprietorships and partnerships. Employers receive tax deductions for plan contributions made to employees’ accounts, and employees do not pay taxes on SEP contributions until they begin taking distributions (generally, in retirement).
 
Thus, SEPs can be attractive to both the employer and the employee.

Why do people buy annuities?

money matters
Annuities are insurance-based financial vehicles that can provide many benefits sought by retirement-minded investors. There are a number of reasons why people buy annuities.
 
Deferral of taxes is a big benefit, and so is the ability to put large sums of money into an annuity — more than is allowed annually in a 401(k) plan or an IRA — all at once or over a period of time. Annuities offer flexible payout options that can help retirees meet their cash-flow needs. They also offer a death benefit; generally, if the contract owner or annuitant dies before the annuitization stage, the beneficiary will receive a death benefit at least equal to the net premiums paid.