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5 Different Types of Retirement Plans You Need to Know About

Success

You’re probably familiar with terms like 401(k) or Roth IRA, which are types of retirement plans. You might be less sure about the particular characteristics of these accounts or how they follow specific rules laid out by the Internal Revenue Service (IRS) to protect your retirement funds. Employers can match contributions.

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4 Ways To Financially Support Your Employees (Other Than Raises)

Allwork

Employee financial stability dropped almost 10 percentage points in 2022; more than half of the country’s workers are living paycheck to paycheck. According to Betterment’s 2022 Financial Wellness Barometer , 64% of respondents claim that financial wellness isn’t about saving for the future or planning for unsuspected situations.

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Intel Execs Take a Pay Cut: CEO Gelsinger to Reduce Base Pay by 25%

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CEO Pat Gelsinger and mid-level managers will be impacted, with Gelsinger seeing his base salary slashed by a quarter, or roughly $312,000 of his $1.25 This comes in the wake of Intel spending $489 million in 2022 to match employee contributions to qualified retirement plans, according to their annual report.

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3 Financial Tips to Consider Before Pursuing Your Passion Full Time

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By 2020, we’d both become full-time entrepreneurs and today, we’re well on track to fully replace our old job salaries by 2022 if not sooner. Most conversations about investing tend to focus on retirement planning and thus a lot of attention is paid to 401(k) and IRA accounts. Open and start funding a brokerage account.

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Why You Should Start Your Own Business Today

Success

Since joining the company eight years earlier, he had worked his way up to a solid position in middle management with a decent salary and great benefits. According to the Bureau of Labor Statistics , the number of “job losers and persons who completed temporary jobs” remained at about 2,800 in March, April and May 2022.

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During a Recession, Entrepreneurs Are in the Driver’s Seat

Success

During another event in April 2022, after the passing of the American Rescue Plan, President Biden expanded on the benefit of small businesses. Executives, middle managers, administrative employees and blue-collar workers were all at risk. Even the healthcare industry, often considered a safe zone, trimmed areas of its workforce.

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Hearth: A Writer Explores the Concept of Home During Her Early Career as a Writer in Delhi, Mumbai and the U.S.

Success

A twist of fate post-retirement put his hard-earned savings at stake, leading him to rally to get a stretch of land for a new residential area in Delhi. But his perseverance as the president of the new managing committee prevailed. This article originally appeared in the July/August 2022 Issue of SUCCESS magazine.

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