|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
"We have a tagline - "Power in the API Economy." What that means is everything that is built in applications and connected applications is done through APIs," explained Roberto Medrano, Executive Vice President at Akana, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 1, 2015 03:45 PM EDT Reads: 648
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Jul. 1, 2015 03:30 PM EDT Reads: 1,007
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
Jul. 1, 2015 02:21 PM EDT Reads: 416
To many people, IoT is a buzzword whose value is not understood. Many people think IoT is all about wearables and home automation. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed some incredible game-changing use cases and how they are transforming industries like agriculture, manufacturing, health care, and smart cities. He will discuss cool technologies like smart dust, robotics, smart labels, and much more. Prepare to be blown away with a glimpse of the future.
Jul. 1, 2015 11:30 AM EDT Reads: 744
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
Jul. 1, 2015 11:30 AM EDT Reads: 2,230
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Jul. 1, 2015 10:30 AM EDT Reads: 2,117
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at the same time reduce Time to Market (TTM) by using plug and play capabilities offered by a robust IoT ...
Jul. 1, 2015 09:45 AM EDT Reads: 1,923
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driving this change including privacy controls, data transparency and integration of real time context wi...
Jul. 1, 2015 08:00 AM EDT Reads: 883
SYS-CON Events announced today that BMC will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust IT industrialization – allowing customers to provide amazing user experiences with optimized IT per...
Jun. 29, 2015 12:15 PM EDT Reads: 2,684
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
Jun. 29, 2015 11:00 AM EDT Reads: 2,185
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will addresses this very serious issue of profound change in the industry.
Jun. 29, 2015 09:45 AM EDT Reads: 2,532
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
Jun. 28, 2015 11:00 AM EDT Reads: 2,231
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Jun. 27, 2015 10:00 AM EDT Reads: 2,256
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem fillin...
Jun. 26, 2015 12:00 PM EDT Reads: 2,241
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
Jun. 26, 2015 10:00 AM EDT Reads: 2,118
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
Jun. 25, 2015 02:00 PM EDT Reads: 2,033
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
Jun. 25, 2015 01:30 PM EDT Reads: 2,190
SYS-CON Events announced today that the "Second Containers & Microservices Conference" will take place November 3-5, 2015, at the Santa Clara Convention Center, Santa Clara, CA, and the “Third Containers & Microservices Conference” will take place June 7-9, 2016, at Javits Center in New York City. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Jun. 22, 2015 02:15 PM EDT Reads: 2,823
SYS-CON Events announced today that the "First Containers & Microservices Conference" will take place June 9-11, 2015, at the Javits Center in New York City. The “Second Containers & Microservices Conference” will take place November 3-5, 2015, at Santa Clara Convention Center, Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Jun. 20, 2015 12:00 PM EDT Reads: 3,896
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in 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 and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...
Jun. 15, 2015 08:45 PM EDT Reads: 4,141