- Created on Wednesday, 11 December 2013 09:43
In a survey of workers who participate in an employer-sponsored retirement plan, 71 percent said they wanted their employers to increase their savings rate automatically by 1 percent each year. Some plans have auto-escalation features that increase workers' contributions by a percentage point on an annual basis.
Regardless of whether you save by default or by choice, increasing your retirement contributions could make a big difference in the amount you accumulate during your working years.
Although there's nothing magical about a 1 percent annual increase, it may be a manageable way to get closer to an appropriate contribution level for your age and personal situation. Industry estimates suggest that workers need to save 13 percent to 15 percent of salary throughout their careers to fund a retirement lifestyle equivalent to their pre-retirement standards of living. People who don't start saving until later in life may have to save a higher percentage.
- Created on Wednesday, 11 December 2013 09:38
The fact that businesses come and go is no surprise to anyone. Taking the current economy into consideration, many businesses are suffering. As business owners, we are trained to hang in there and ride out the storm. We are taught to sacrifice and put everything into the business.
To an owner, the business is like a child that was birthed. A failing business is a painful thing to endure because it is no longer fun. Both the owner and employees dread coming to work.
Win by any means necessary is the motto for many owners. Unfortunately, the conversation involving when to shut the business down is all too rare. Few want to admit failure or defeat. They do not even want to think about closing down.
- Created on Monday, 09 December 2013 08:14
Top Ten DVD List for December 10, 2013
"Fast & Furious 6"
- Created on Friday, 06 December 2013 11:17
Traditionally, in America, if you were just a teeny-weeny bit black, you'd always been considered black. This arbitrary color line was even codified by the Supreme Court decision in Plessy v. Ferguson, an 1896 case brought by an octoroon light enough to pass who sued for the right to sit in the "white only" section of a segregated train traveling through the South.
Much to Homer Plessy's chagrin, the Court sided with the State of Louisiana, taking judicial notice of the "one-drop rule," ruling that "a Negro or black is any person with any black ancestry." In other words, you could be black without looking black.
Fast-forward to the present, the arguably post-racial age of Obama, a time when the country has a biracial president, who nevertheless refers to himself to African-American. The nation's population has more mixed ancestry than ever nowadays, which is reflected in the latest census offering over a dozen race options to check off, as well as "Other," if none of the above is to your liking.
- Created on Friday, 06 December 2013 10:20
For movies opening Dec. 6, 2013
BIG BUDGET FILMS
"Inside Llewyn Davis" (R for profanity and some sexual references) Oscar Issac plays the title character in this Coen Bros musical dramedy, set in Greenwich Village in 1961, chronicling a week in the life of a struggling folk singer. With Justin Timberlake, Carey Mulligan and Max Casella.
"Out of the Furnace" (R for profanity, drug use and graphic violence) Vigilante crime thriller revolving around a just-paroled ex-con (Christian Bale) who ventures from the Rust Belt to the Northeast to rescue a younger brother (Case Affleck) who's gotten mixed up with mobsters. Ensemble cast includes Forest Whitaker, Woody Harrelson, Zoe Saldana, Willem Dafoe and Sam Shepard.