|By PR Newswire||
|April 27, 2014 06:00 AM EDT||
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.
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.
- 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
- 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.
- 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
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Nov. 28, 2015 01:00 PM EST Reads: 470
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Nov. 28, 2015 12:00 PM EST Reads: 332
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
Nov. 28, 2015 12:00 PM EST Reads: 547
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company Logz.io. In the past, he was co-founder of social-trading platform Currensee, which...
Nov. 28, 2015 12:00 PM EST Reads: 228
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
Nov. 28, 2015 11:45 AM EST Reads: 399
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Nov. 28, 2015 11:15 AM EST Reads: 411
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Nov. 28, 2015 11:00 AM EST Reads: 511
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Nov. 28, 2015 10:30 AM EST Reads: 308
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Nov. 28, 2015 10:15 AM EST Reads: 244
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
Nov. 28, 2015 10:00 AM EST Reads: 190
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Nov. 28, 2015 10:00 AM EST Reads: 395
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
Nov. 28, 2015 09:00 AM EST Reads: 179
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and t...
Nov. 28, 2015 08:45 AM EST Reads: 433
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
Nov. 28, 2015 08:45 AM EST Reads: 331
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
Nov. 28, 2015 07:45 AM EST Reads: 208