Welcome!

News Feed Item

Obama's Retirement Plan: Can you vouch for a Comfortable Old age?

According to Obama, his starter savings plan myRA guarantees a decent return and protects against losses. He may be right about the losses. However, no one knows whether myRA offers a decent 'return'.

DURHAM, N.C., April 27, 2014 /PRNewswire-iReach/ -- In his State of Union address, President Obama unveiled his starter saving plan, naming it myRA. 'It guarantees a decent return with no risk of losing what you put in", President stated. However, there may be a problem with whether myRA offers a 'decent return' or not. Intended for roughly the half of US workers who don't have any employer-sponsored retirement plans, this government-run account will earn the same fluctuating interest rate as the Thrift Savings Plan Government Securities Investment Fund available to federal employees. The whole purpose of the plan is to get people started on lifetime savings as when an account reaches $15,000 it will be rolled over to private sector Roth IRA.

(Photo: http://photos.prnewswire.com/prnh/20140425/78349)

However, it may not be a path to riches. "A decent return is a rate of return that exceeds the rate of inflation", said Lance Roberts, chief economist and CEO of STA wealth management in Houston. He says this because if it had existed in 2012, it would have produced a return rate of 1.47 percent whereas the rate of inflation that year was 1.8 percent. Though the long-term returns sound bit more promising if compared to the rates in 2012, STA's Roberts notes that interest rates were falling continuously at that time and boosting fixed-income funds such as the G Fund.

The plan has good features no-doubt. For e.g. initial investments can be as small as $25 and contributions can start from $5 per paycheck with no administrative fees for account holders (the government picks tabs). However, two predominating reasons loom-up against it, saying it to be a terrible move. Firstly, experts say it can make you lose spending power. "These things are going to pay out at 1% to 1.5% at a time when real inflation is running at 2.5% - and that's only according to 'official' government figures", said Keith Fitz-Gerald, Chief Financial Strategist of Money Morning. He went on saying that this would not be a good deal for investors no matter how government honey-coats it. While he made this statement, he also said that he didn't even take interest rate risk into consideration when rates will start to rise a year or two in future. Secondly, Fitz said that no one should have a money manager with bad track record, and government especially has a bad track record. "The Government thinks Amtrak and United States Postal Office are viable businesses," Fitz exclaimed. "Do you really want it handling your investments?"

Expert speaker Rick Rodgers is presenting a live-webinar to review the changes being proposed and access the likelihood of the proposals being passed.  He'll also review strategies that will minimize the impact of changes.

Here's a Sneak-peek of the Conference:

Five Things to Do Now To Prepare For the Retirement Plan Changes

The session 'Five things to Do Now to Prepare for the Retirement Plan Changes' on Wednesday, May 14, 2014 will review the 7 retirement plan changes in President Obama's 2015 budget proposal.  Particular emphasis will be placed on specific strategies that can be implemented to properly plan for retirement.

Session highlights:

  • Five things to do now to prepare for the retirement plan changes
  • What will Social Security look like in the future
  • 8 Tips for safeguarding your pension
  • Does the IRS have a bulls-eye on your retirement account
  • Why tax deferral may not be the best strategy for retirement savings

For more information, visit http://www.audiosolutionz.com/banking/retirement.html

Other Conferences of the Week

Complying with PCI DSS Version 3.0

In this live webinar 'Comparing with PCI DSS Version 3.0' on Wednesday, May 28, 2014 expert speaker Tom Wills will explain:

  • What has changed in the new version?
  • Who is affected, and how?
  • The difference between strict compliance and effective risk management
  • Strategies to bring, and keep, your own organization into compliance with Version 3.0

Session Highlights:

  • Changes in the real-world threat landscape that are driving the new requirements
  • Moving past passwords: the danger in using out-of-date user authentication methods
  • The value of tokenization for keeping sensitive data out of criminal hands
  • Using data analytics to improve your threat detection and response capabilities
  • The human touch: how technical security controls alone are no longer adequate
  • How compliance and security are never the same thing
  • How to avoid being another "Target"

For more information, visit http://www.audiosolutionz.com/banking/pci-dss-version-30.html

Analyze Real Estate Proformas and the Importance of Net Operating Income (NOI)

There are generally three reasons why individuals own real estate — cash flows, taxes, and appreciation. Expert speaker Vincent A. DiCara in this conference 'Analyze Real Estate Proformas and the Importance of Net Operating Income (NOI) on Thursday, May 8, 2014 will explore all three of these reasons and provide information on how lenders and underwriters can distinguish between them by analyzing financial information provided by the borrower.     

Session Highlights:

  • The Five C's of credit and how they relate to real estate transactions
  • Tax incentives for owning real estate
  • Using appraisals and leases: what to look for
  • Analyzing real estate proformas:  the importance of Net Operating Income (NOI)
  • Important financial ratios

For more information, visit http://www.audiosolutionz.com/banking/real-estate-financing.html

AudioSolutionz is an online business-training platform that helps professionals of HR & Payroll, Banking and Finance, Construction and Housing, Transportation, Chemicals, Energy & Environment, Education, Leadership & Teamwork and Manufacturing  in building and enhancing their skills. We invite industry experts to share their knowledge and insights with industry professionals through audio and/or video conferences.

To learn more about other updates, events for banking, finance and construction, please visit Audiosolutionz.com . Use PR20 to get $20 Off, Applicable on all purchases.

Media Contact: Shivane K, Audio Solutionz, 1-800-223-8720, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Audio Solutionz

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, discussed the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insights from the vast t...
Any startup has to have a clear go –to-market strategy from the beginning. Similarly, any data science project has to have a go to production strategy from its first days, so it could go beyond proof-of-concept. Machine learning and artificial intelligence in production would result in hundreds of training pipelines and machine learning models that are continuously revised by teams of data scientists and seamlessly connected with web applications for tenants and users.
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single-threaded, you can effectively identify hot spots in your serverless code. In his session at @DevOpsSummit at 21st Cloud Expo, Dave Martin, Product owner at CA Technologies, will give a live demonstration and code walkthrough, showing how ...
CollabNet and VersionOne have announced the two companies have merged. The combined company will offer complete Enterprise Agile, ALM Collaboration, Version Control and DevOps solutions that power application development and delivery for businesses and government institutions. The combined company, which will maintain the CollabNet name, will be headquartered in Atlanta. CollabNet CEO Flint Brenton will serve as CEO of the combined company, and VersionOne CEO Robert Holler will serve as chief s...
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
IT organizations are moving to the cloud in hopes to approve efficiency, increase agility and save money. Migrating workloads might seem like a simple task, but what many businesses don’t realize is that application migration criteria differs across organizations, making it difficult for architects to arrive at an accurate TCO number. In his session at 21st Cloud Expo, Joe Kinsella, CTO of CloudHealth Technologies, will offer a systematic approach to understanding the TCO of a cloud application...
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his session at @ThingsExpo, Sudarshan Krishnamurthi, a Senior Manager, Business Strategy, at Cisco Systems, discussed how IT and operational technology (OT) work together, as opposed to being in separate siloes as once was traditional. Attendees learned how to fully leverage the power of IoT in their organization by bringing the two sides together and bridging the communication gap. He also looked at what good leadership must entail in order to accomplish this, and how IT managers can be the ...