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Is there retirement after self employment

Is there retirement after self employment

Finance
Isn’t everyone aiming toward some form of retirement? For the self-employed, the future might feel a little bit more uncertain. Does having no employer mean having no security? Not necessarily- but independent contractors have to plan (more) for the future. The economy is uncertain right now, and the future always is. Self-employed professionals who independently find their own jobs will not necessarily be provided a retirement plan by any employer or government. Is there retirement after self-employment? Yes- but the professionals, as was the case with their careers, must create this plan for themselves. Self Employment and Social Security The U.S. government provides, at least at present, social security for senior citizens (persons aged sixty-five or older). This is put in ...
How to save money with cookie jar

How to save money with cookie jar

Finance
A lot of people are watching their weight and don't need to eat cookies! So why not take that old cookie jar that's lying around and put it to good use? Take all the spare change that accumulates and drop it in that jar. In fact don't just put spare change in there, gather coins from anywhere and everywhere to go in the stash. Then by the end of the year, count it all out, and invest! The amount that savers will generate can be astounding. How to Save Money with a Cookie Jar First, take all the loose change from wallets, pockets, drawers around the house, and drop in that old cookie jar in the pantry. Then simply watch it grow for the next 12 months. But this is not just a passive activity! Take an active approach to collecting change. At the supermarket, dry cleaner, even the co...
Loan Tips for People with Bad Credit

Loan Tips for People with Bad Credit

Finance
When you are struggling financially, your credit is probably poor. It is tough to get back on top when you have poor credit. You won’t be able to take out any loans and other entities won’t trust you with assets. If you have bad credit, it doesn’t mean that you won’t be able to be financially strong and stable again. Whether you need to take out a loan or are behind on paying your loans back, below are some tips for people who have bad credit. Pay Back What You Owe Immediately It doesn’t matter what kind of loan you have taken out or how much it is for, paying back what you owe immediately is always necessary. Keep your due dates in mind. Never pay the minimum. While it is possible to pay loans back too fast, it will never negatively impact your credit score. Paying the money you bor...
Learn Forex and how to deal with currency trading losses

Learn Forex and how to deal with currency trading losses

Finance
Forex, the term for the worldwide over-the-counter foreign currency exchange market, is the most liquid of all markets. With over $5 trillion dollars in daily average turnover, forex is available for traders, investors, and hedgers 24 hours a day continuously from 5pm EST on Sundays until 4:30pm EST on Fridays, which is enticing to traders interested in using forex as a second or third source of income. Experienced traders are notorious for making forex their sole source of work-from-wherever income. Novice traders benefit greatly from perusing a few books on forex, taking in webinars, and testing out demo accounts on various trading platforms to get their toes sufficiently wet prior to commencing live trading. Before cannon-balling into the waters, new forex traders should have the follow...
Is Temporary Life Insurance Worth It?

Is Temporary Life Insurance Worth It?

Finance
Temporary life insurance, also known as a temporary insurance agreement (TIA), is a sort of short-term life insurance that is only available during the application process for life insurance. The interim coverage pays out to your beneficiaries if you pass away before your final application is accepted. Temporary coverage is only provided while you wait for your final insurance to take effect, and it is not offered separately. Term life insurance and temporary life insurance are frequently confused, and some people use the phrases interchangeably. Yet, temporary life insurance is the sort of coverage that allows you to remain insured while transitioning between life insurance policies. This policy is often provided as part of the overall underwriting procedure for your term or perman...
Productive and non-productive payroll earnings

Productive and non-productive payroll earnings

Finance
Payroll systems use different paycodes so that hours are classified differently based on how salaries are earned or paid. The reason to identify the type of hours paid in payroll is three-fold: to pay hours at a different rate, to keep time used against a paid time off bank, or to track time for a productivity system Productive Hours for Accounting Purposes Time that is worked is tracked as productive time, that is, when work is produced by employees as a normal course of their job. This can be broken down in separate categories based on the pay rate that is assigned to the employee. The most common pay code is for regular hours, which also could be called normal or standard hours. A person who is assigned a 40 hour work week that shows up, punches in on time and leaves a...