Saturday, April 28, 2012

The 401k Contribution Limits Increased in 2012

A 401k is a powerful investment tool to help you plan your retirement, but the government has set limits on how much you can contribute to their plan each year. A 401k plan allows employees to invest their retirement savings in a mutual fund or similar investment. Often, employers will match employee contributions to the plan, making it an attractive way to fund their retirement, because it's already doubled its money going to sweeten the deal is that taxes are normally applied to these investments are deferred.

There is a limit to what employees can invest each year in their 401k plan. The federal government sets limits on the amount that can be provided by tax-exempt employees. This limit has been raised recently, however.

In 2009, the limit of 401k contribution of workers under age 50 increased to $ 15,500. This is the $ 1,000 limit for 2008 401k plan of $ 14,500.

There is another limit for workers over 50 years. This limit is set for workers over 50 can "recover" their safety by pumping more tax money in their 401k plans. The limit for 2009 401k annual contribution for workers over 50 years is $ 22,000.

Because employers often contribute to their employees '401k plan, there are limits on the amount of tax money can be pumped into plans for their employees. For 2009, an employer can contribute six percent of the remuneration of an employee of a 401k plan. For example, if you make $ 100,000 per year, the employer can contribute up to $ 6,000 for the plan without paying taxes on it.

401k Many states also allow employees to make contributions to their plans on the cap is not taxed. Contributions over the limit will be imposed without paying taxes. The government has set a ceiling on the total amount of contributions tax and tax-free can be made to a 401K plan. 2009 The total of all contributions to a 401k plan is $ 49,000 or 100 percent of your payment, whichever is less. After 2009, total 401k limit will be indexed to inflation and will be able to raise up to $ 1,000 per year.

The 401k plan is an attractive option panel in an increasingly uncertain world. Optimizing relief contributions to these plans is a great way to ensure you have a prosperous retirement.

We knew it would happen. The limits of your 401k contributions increased in 2009. For many, this does not mean much, because who wants to put more money in their 401k, right? I'm sure many have seen the 401k as one of the traps more money for 2008. But for those who see this as a buying opportunity in the market by increasing the 401k contribution limit for 2009 could be the right time. With S & P 500 closed 38% for the year, all contributions in 2009 could be investing in the bottom of the market (thankfully).

New 401k contribution limits for 2009

Skip 401k contribution limits of $ 16,500 for 2009. This is a $ 1,000 bond limit of $ 15,500 in 2008 (6.5% for all people who share there). If you are in economic conditions, being able to middle distance $ 16,500 before taxes is a sure way to get the focus on the fast track to retirement. If you are young, you might also consider the Roth 401k for some serious tax free at retirement. However, for latecomers?

Reaching the contribution limits for 2009 has also increased

For those who delay saving for retirement, 401k contribution limits for 2009 have increased the "catch up" provision as well. For over 50 years, is allowed $ 16,500 as a "recovery" of $ 5,500 for a total contribution of $ 22,000. For newcomers there to grow give them a chance to retire to a respectable level.

How can I change the amount of your contribution?

For those who already have filled their 401k contributions, you should double check with the service of their profits to ensure that you continue. You may need to increase manually to ensure this happens. If this is your plan, go ahead and change immediately to ensure no delay too long in the new year.

No doubt the rules of qualified retirement plans such as 401k plans are complex. The plan administrator must provide documentation that explains the rules that apply to the particular plan of his employer. This document should explain these limitations and other laws or regulations that may apply.

Leasing Retail Space - The True Costs Of Leasing Space

Occupancy Cost

After obtaining information regarding the cost of tenant improvements, you should be able to estimate the cost of occupancy for your retail space. This will include rent, CAM charges, utilities and the amortized cost of tenant improvements.

CAM

CAM charges referred to comment area maintenance. Practice may vary from area to area, but in most areas this includes not only maintenance expenses but also the cost of taxes and insurance. Most leases for retail space include a partial or complete pass through for basic operating expenses, insurance, management, and property taxes. The landlord or leasing agent should be held to provide an estimate of these charges for your space.

Amortized TI

The amortized cost of your tenant improvements will be the cost over the term of your lease. To keep matters simple, if you are spending ,000 to renovate your space, and your lease is for five years (60 months), include 00 per month for the cost of tenant improvements.

Are You Paying Too Much?

Next research the occupancy cost compared to what others in your industry are spending. You may want to review occupancy cost on a dollars per square foot basis, percentage of sales basis and a dollars per month per location basis. If possible, determine what other similar businesses in your area are spending monthly for their total cost of occupancy.

Occupancy Cost Data Sources

Research the information available from industry associations and related publications for information on occupancy costs. It is sometimes referred to based upon dollars per square foot per year. It is more often referred to as a percentage of sales. If this is your first store, it will be difficult to estimate your sales. If you have other locations, you should be able to make an educated guess regarding the probable level of sales for this location.

Dollars per Month per Store?

In some cases, it may also make sense to review the cost of occupancy on a dollars per month basis. For example, if your existing stores tend to have a similar level of revenue, focus on locating retail spaces which meet minimal criteria and have the lowest monthly occupancy cost. Conversely, perhaps any store will have an excess amount of space for your real needs.

Rent per Month Example

For example, perhaps you operate a seasonal income tax business. During the peak of the season, there'll only be two people in the store (you and your assistant). Based on previous experience, there are no locations which will provide the minimal amount of space you truly need. Further, since you are only leasing a modest amount of retail space for 4 months per year, landlords have not been particularly accommodating. Hence, a location which meets minimal criteria and has the lowest cost for the tax season may be your best option.

Criminal Activity?

Finally, research criminal activity in the area for the retail space you are considering. In many cases, it is apparent whether an area is likely on the low crime rate or high crime rate end of the spectrum. However, considering the investment of time and capital necessary to open a store, it would be very disappointing to learn your retail space was near a hotbed for criminal or gang activity shortly after opening.

Example

Consider the following example. A retail center in north Houston had been a prosperous shopping center on a major thoroughfare for 15 years. Shortly after hurricane Katrina devastated New Orleans, many evacuees from New Orleans settled in Houston. For whatever reason, a large number of New Orleans residents who were criminals located in the adjacent apartment complex. During the next 12 months, there were three murders on the retail center property. Occupancy fell from 80% to 30% because of the problems.

Crime Data Sources

Options for researching criminal activity within an area include online crime reports, discussions with tenants at the property, and discussions with police officers who are active in the area.

Online

In most cases, the information from the services will adequately address the issue of criminal activity near the retail space you're considering. However, the most current and contextual data you'll be able to obtain is from tenants at the property and local police officers.

Speak to Tenants

Tenants at the property where you're considering leasing retail space can be a wonderful resource. They can provide information regarding crime in the area, tenants who have left the center, problems with traffic, problems with ingress and egress, problems with parking, and the trend in the center. Retailers within a retail center typically trade notes or visit with each other. Ask if business has been getting better, or is business declining for the businesses within the center?

Area and Property Criminal Reports

Area police officers are another excellent resource regarding criminal activity in the area. In most cities, you can obtain information regarding criminal records for any address. The records are public information. All you have to do is request the information and pay for the cost of copies.

Speak to the Source

In addition, in most cities the police are willing to visit with you if you are considering opening a business. Expect them to be very direct regarding criminal activity and trends in the area. It is possible they will discourage you from opening a store in a location you're considering. However, is much better to not open a store in a poor location then to open the store and have to close the business.

The Market Research and Consulting division of O'Connor & Associates provides information necessary to make decision to commercial real estate professionals. Occupancy and Rental Data, ownership and management information are routinely gathered for four major land uses multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance.

Friday, April 27, 2012

Payday loans: Ensuring financial satisfaction at ease

The waves of the recession are becoming hard to bear and on top of that the prior commitments would further make surely knot us in certain obligations. Here in this context, commitments can even be directly proportional to huge expenses. But, keeping in mind the global financial turmoil things might not be in your favour. Therefore, it can be assumed that perhaps you are also a prey to financial crisis. In order to crawl out of such a situation in a dignified manner, one has to lay his or her hands on the best alternative option. But, you can understand in such a situation, your senses refuse to give response and you fail to jump into a constructive solution. So, now what to plead in front of your relatives and friends or to find some other way out. The first option has to be driven out, as they are also the prey to the global financial turmoil and you can't afford to put them in more problem. Thus, the second option has to be looked at. In such cases, the loans can be referred to as the best options for enjoying the sigh of relief. Furthermore, loans of every type have been formulated by the loan fraternity to ensure total satisfaction to the customers.

In this case, the payday loans would be the best option, which can be considered without any second thought at ease. Quite interestingly, this category of loans has further been enhanced under the banner of no faxing payday loans. This has been done basically to meet the requirements of the busy people who rarely find time to spare. These type of loans would further permit you to get your required loan amount without any hassles. You can even search the loan related websites to enjoy the Online application process. In such a process you can easily apply for the loan that appropriately suits all your requirements and that too without stepping out of your house. As a matter of fact, you can enjoy the facility from the comfort of your living or office room. Moreover, being faxless in nature all the complicated process of documentation can be ignored.

The faxless payday loans can be availed both by the bad and the good credit holders. In fact, if you are a bad credit holder, you can comfortably enhance your credit ratings by paying back the repayment amount within the specific period of time. Thus, this shows that credit ratings would not be a matter of hurdle in getting such payday loans. Most importantly, you can get such loans when you need money urgently and that too at a very steady pace. However, you are required to fulfil certain criterion to get these loans approved. The first and the foremost criteria would be, you must be or above 18 years of age. Secondly, you must possess a valid current saving/running bank account. You must also show a valid proof that you have regular source of income to establish the fact that you have the repayment capability. The repayment options are also quite flexible and at the same time very affordable. The terms and conditions of these loans would also never bother you, as they are obviously very comfortably affordable. However, one thing should be borne in mind and that is you must be cautious before getting involved in any type of loan. Act smartly so that you can easily reap benefits of no faxing payday loans in the long run.

Thursday, April 26, 2012

The Advantages And Disadvantages Of Refund Anticipation Loans

Advantages:

1. Instant Cash
If you are low on cash and cannot wait for your refund to pay off some bills, a refund anticipation loan could certainly fill that role. While cash advances on a paycheck could pay for small bills that are due very soon, if you have a larger sum to pay off and no other way to do so, a refund advance loan could be very helpful.

2. Short Processing
As opposed to other large loans, a refund anticipation loan has a short application and approval process. Normally processing will take no more than a day, and the loan can be distributed within 24-48 hours. In comparison, traditional loans can take weeks to be approved and distributed.

3. No Tax Prep Fees
Usually if you decide to get a refund anticipation loan the tax preparer will deduct the cost of their services from your refund. This can be a great option for those who might not otherwise be able to afford the fees associated with professional tax preparation.

Disadvantages:

1. Interest and Fees
Unfortunately, the interest ad fees associated with these types of loans can be quite high. This is mostly due to the fact that the loan itself does not come from the preparers handling your taxes. Although you typically apply for and receive the loan through at a tax preparer's office, they almost always outsource to third party lending banks.

2. Payment Responsibility
Like with any loan, you are ultimately responsible for repaying the bank for the money they lent you. Therefore, if for any reason the lending bank does not receive the amount the full amount of your refund from the IRS then you will be held responsible for the difference.

3. Lack of Loan Education
Unfortunately, hundreds of people take advantage of refund anticipation loans every year without fully understanding their options. As with any major financial transaction you always want to carefully consider the pros and cons before making a decision, and when it comes to refund anticipation loans if you do not need the funds right away then you would probably be better off waiting for a check from the IRS.

Wednesday, April 25, 2012

Business Loans For Women- Boost Up Your Venture

Be it a man or a woman, no one lacks ambition and determination. If you are a woman and looking for monetary resources to give rise to your business venture, to run your business successfully or start a new one, business loans for women are perfect solution for you to opt for. These loans have been specially crafted for those women who either want to start up their own business or expend the existing one. Approval against these loans will let you get enough cash within hours of applying that you can use up for any business related purpose.

Many essential business requirements can be easily executed with the help of these loans for women. When applying for these loans you will need to submit details of your business plans so that you can calculate the loan amount you need. Keeping your requirements in mind will help you get these loans in a trouble free way. Doing so will also help the lenders to calculate the risk involved in giving you fiscal aid to invest in your business.

You can find loans for women in two forms- secured and unsecured. Pledging of collateral is inescapable when you apply for the secured form. Home, real estate and automobile are the types of assets that can be pledged as collateral against the secured form. Backed by security lowers the interest rates of these loans and offer you with flexible repayment option. On the other hand, you need not have to pledge any collateral when applying for the secured form. Absence of security makes the approval procedure fast but you may have to pay higher rate of interest compared to secured form. Non-existence of collateral makes the unsecured form an ideal option for tenants and non-homeowners. Once you have gained approval against these loans, you can make use of the approved money for any business related purpose. Lenders will never bother about how you utilise the approved money. It does not matter if your credit record is not favourable, you can still qualify for these loans. Making timely repayment of the borrowed money will help you to get your credit record repaired with time.

Apply for business loans for women and boost up your business.

Monday, April 23, 2012

Top tips on how to get a contractor mortgage

With low interest rates and lenders offering great deals getting a contractor mortgage doesn't have to be tricky. If you are looking for a contractor mortgage there are things that you can do to put yourself, and your finances, in the best position possible.

Here are some top tips on getting a contractor mortgage:

1. A healthy deposit

As a contractor looking to secure a contractor mortgage, having a healthy deposit will get you a step or two closer. 100% contractor mortgages are a thing of the past now so having at least a 10% deposit will really put you in good stead. By having a substantial deposit you will find that getting a lower rate contractor mortgage will be far easier.

2. Get your credit rating in order

Contractor mortgage lenders love to see a sparkling credit history. If you don't have a healthy credit rating then a contractor mortgage lender could refuse you. Make sure that you are up-to-date on your credit card bills and payments, keep them all in check. You can also help yourself by making sure you are on things such as the electoral roll.

3. Have an up-to-date contract

As a contractor making sure your contract is up-to-date will help your contractor mortgage plight. Your contract will need to state the length of your contract and the amount of your current contract. That way a contractor mortgage lender can clearly see how much you can borrow. It will also save you having to produce three years of accounts.

4. Working within your means

Mortgages for contractors are widely available at the moment but knowing your limits is key. Don't push yourself further than you can or you could end up putting yourself in financial difficulty. As a contractor looking for a contractor mortgage make sure you work within your means. Be honest and realistic. That way keeping up with your contractor mortgage repayments will be easy.

5. Speak to a contractor mortgage expert

One of the most important tools in getting a mortgage as a contractor is to speak to a contractor mortgage specialist. High street lenders don't have the experience or understanding of contractor mortgages in the same way that an expert contractor mortgage adviser does. By using a contractor mortgage broker you will be able to make sure that you get the best advice and contractor mortgage deal available to you.

The right contractor mortgage company

Our Experts at the Contractor Mortgage Company, are well aware that buying a home or remortgaging can be intimidating and at times very confusing. Alongside the worries of working as a contractor, trying to prove your income to the appropriate lender, can be quite difficult.

That's why we specialize and are dedicated in assisting contractors with securing mortgages. We have professional knowledge of contractor mortgages and the lenders who are prepared to offer mortgages to you. We understand the world of contracting too, and the various ways that you may be remunerated.

Saturday, April 21, 2012

Paris Hilton's Fortune, How Much is She Worth?

If you are not an individual who has been living under a rock then you won't need any backgroun information about the Hollywood hottie Paris Hilton, who is eminent for being a "femme fatale" rather than a self made star with charismatic acting talents. Though she used to be a role model before stepping into prominence, most people didn't even know her face until her sleazy sex video released . It seemed like she is just another little monster with a lots of money to live up the twisted and reckless life as she wanted.

There exist two kinds of people when it comes down to a matter of celeb exposure. In case of a talentless performer like Paris Hilton, it seemed that the exact cause of her celebrity was the fact she was the Hilton heiress but released that sex video. The other way people find celebrity exposure is by simply being talented and becoming famous. The query arises - how much cash is Paris actually worth, how much has the sex tape earned her, and how much of her cash was made by her (and not simply her families money)? The amount of money Paris and where she made it might in fact suprise some people.

When it comes down to business and money the name of Hilton family tree always gets attached. Before getting the answer to the question how much Paris Hilton worth you must go through the wealth she is going to inherit from Hilton household i.e. her grandfather and her parents as well. Barron Hilton, who is worth more than .3 billion was intending to give the money to his grandchild. As stated by Paris Hilton herself, a will worth 0 million was written for the family and obviously her parents contribution is going to add up to the total family money too.

But the real twist in the play occurred when Barron Hilton announced that he would like to donate 97% of his estate for charity associations which will reduce the money supposed to inherit by Paris Hilton was going to inherit to a mere figure of -3 million US dollars. Well it's quite obvious that would have come as a shock to Paris and with her lifestyle that meagre lump of cash wouldn't have lasted her too long.

So after hearing the truth about what Paris Hilton is actually going to get from her family the amount may disappoint you. But that doesn't really answer the question how much she worth. Well, she is smart enough to use her name and fame to continue the business successfully. Her clothing lines, perfumes, designer dogs and tons of other products are bring an approximate amount of million US dollars to her every year according to the rumors spread online. It also includes the money she gets from her guest appearance in TV shows and singing events. With that level of cash coming in yearly, estimates for her personal wealth are between 0 and 0 million dollars. Even Paris Hilton haters must admit that Paris must have a certain amount of business savvy to create a small business empire from her own name successfully as brand. With such a financial empire built from her celebrity, we really have to reconsider the common perception of Paris as an space cadet and start thinking of her as an astute business woman who manipulates the media to make money.

Source(s) -

Paris Hilton's Fortune, How Much is She Worth?

If you are not an individual who has been living under a rock then you won't need any backgroun information about the Hollywood hottie Paris Hilton, who is eminent for being a "femme fatale" rather than a self made star with charismatic acting talents. Though she used to be a role model before stepping into prominence, most people didn't even know her face until her sleazy sex video released . It seemed like she is just another little monster with a lots of money to live up the twisted and reckless life as she wanted.

There exist two kinds of people when it comes down to a matter of celeb exposure. In case of a talentless performer like Paris Hilton, it seemed that the exact cause of her celebrity was the fact she was the Hilton heiress but released that sex video. The other way people find celebrity exposure is by simply being talented and becoming famous. The query arises - how much cash is Paris actually worth, how much has the sex tape earned her, and how much of her cash was made by her (and not simply her families money)? The amount of money Paris and where she made it might in fact suprise some people.

When it comes down to business and money the name of Hilton family tree always gets attached. Before getting the answer to the question how much Paris Hilton worth you must go through the wealth she is going to inherit from Hilton household i.e. her grandfather and her parents as well. Barron Hilton, who is worth more than .3 billion was intending to give the money to his grandchild. As stated by Paris Hilton herself, a will worth 0 million was written for the family and obviously her parents contribution is going to add up to the total family money too.

But the real twist in the play occurred when Barron Hilton announced that he would like to donate 97% of his estate for charity associations which will reduce the money supposed to inherit by Paris Hilton was going to inherit to a mere figure of -3 million US dollars. Well it's quite obvious that would have come as a shock to Paris and with her lifestyle that meagre lump of cash wouldn't have lasted her too long.

So after hearing the truth about what Paris Hilton is actually going to get from her family the amount may disappoint you. But that doesn't really answer the question how much she worth. Well, she is smart enough to use her name and fame to continue the business successfully. Her clothing lines, perfumes, designer dogs and tons of other products are bring an approximate amount of million US dollars to her every year according to the rumors spread online. It also includes the money she gets from her guest appearance in TV shows and singing events. With that level of cash coming in yearly, estimates for her personal wealth are between 0 and 0 million dollars. Even Paris Hilton haters must admit that Paris must have a certain amount of business savvy to create a small business empire from her own name successfully as brand. With such a financial empire built from her celebrity, we really have to reconsider the common perception of Paris as an space cadet and start thinking of her as an astute business woman who manipulates the media to make money.

Source(s) -