|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
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 29, 2016 05:15 PM EDT Reads: 2,841
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Sep. 29, 2016 04:45 PM EDT Reads: 3,414
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Sep. 29, 2016 04:45 PM EDT Reads: 2,767
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Sep. 29, 2016 04:30 PM EDT Reads: 1,336
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Sep. 29, 2016 04:00 PM EDT Reads: 458
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
Sep. 29, 2016 04:00 PM EDT Reads: 2,370
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Sep. 29, 2016 03:45 PM EDT Reads: 2,182
In his session at @ThingsExpo, Kausik Sridharabalan, founder and CTO of Pulzze Systems, Inc., will focus on key challenges in building an Internet of Things solution infrastructure. He will shed light on efficient ways of defining interactions within IoT solutions, leading to cost and time reduction. He will also introduce ways to handle data and how one can develop IoT solutions that are lean, flexible and configurable, thus making IoT infrastructure agile and scalable.
Sep. 29, 2016 03:30 PM EDT Reads: 1,616
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 29, 2016 03:15 PM EDT Reads: 1,779
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 29, 2016 03:00 PM EDT Reads: 2,964
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Sep. 29, 2016 03:00 PM EDT Reads: 2,775
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Sep. 29, 2016 02:00 PM EDT Reads: 4,183
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Sep. 29, 2016 02:00 PM EDT Reads: 3,942
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your...
Sep. 29, 2016 02:00 PM EDT Reads: 1,165
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Sep. 29, 2016 02:00 PM EDT Reads: 3,615
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Sep. 29, 2016 01:45 PM EDT Reads: 1,121
19th Cloud Expo, taking place November 1-3, 2016, 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. Meanwhile, 94% of enterpri...
Sep. 29, 2016 01:30 PM EDT Reads: 4,454
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
Sep. 29, 2016 01:15 PM EDT Reads: 359
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Sep. 29, 2016 01:15 PM EDT Reads: 2,936
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Sep. 29, 2016 01:15 PM EDT Reads: 3,022