SMART NEW FINANCING TOOL FOR THE SMALL BUSINESS OWNER
Pressed for cash, many people will take money out of their individual retirement account (IRA) as a means to get quick access to capital. They do this even though they have to pay taxes and generally if they are younger than 59 ?, also pay a 10% penalty on the money they withdraw.Only as a last resort should one touch their retirement savings for anything other than retirement expenses. But, in those cases when you need to tap into your retirement savings, a way to get money out of your retirement account without paying the penalty and deferringthe tax was just made available beginning in 2002, as a result of a tax law change.Under the new law, those with a small business and no employees or only a spouse as an employee can establish Solo-Owner 401(k) plans and take a loan from those plans. The loan from the Solo-Owner 401(k) is not treated as a withdrawal. As such it is not subject to tax and the 10% penalty for early withdrawal as long as you repay the loan on time.You can roll over or transfer the funds you have in your IRAs, 401(k), 403(b), or other qualified retirement funds into your Solo-Owner 401(k) and then borrow from the balance in your Solo-Owner 401(k) plan.Employees of large corporations for the most part always had the ability to borrow from their 401(k).
Now small business owners, such as freelancers, consultants, and entrepreneurs, who have left the corporate world also have that choice. They can borrow up to the lesser of $50,000 or 50% of the balance in their 401(k). A Solo-Owner 401(k) plan gives small business owners the opportunity to defer up to $40,000 per year in a tax deferred retirement plan and the flexibility, should they ever need it, to borrow from their retirement funds. The Solo-Owner 401(k) plan goes under different names depending on the provider of the plan. Make sure you are aware in advance of the fees that may be associated with rolling over or transferring your money into or out of your Solo-Owner 401(k) plan.
For more information on the Solo-Owner 401(k) plan and other ways to get money out of your retirement plan while minimizing the taxes and penalties visit www.InvestSafe.com.
Growing Global 2005 to Feature Todd Buchholz, Former Director of White House Economic Policy
St. Louis (ContentDesk) August 10, 2005 -- Growing Global 2005, the region's premier international business luncheon, will feature Todd G. Buchholz, former White House economic advisor, network news analyst and best-selling author of the influential book "Market Shock" on Friday, September 23, 2005 in a special program at the Ritz-Carlton Hotel from 11:00 a.m.?1:30 p.m.World Trade Center Saint Louis will host Growing Global 2005, which is designed for top international executives, government officials and educators. The public is invited to attend this important annual event, which will focus on the U.S economy, overseas job outsourcing, international business and the impact of terrorism.Mr. Buchholz is a former director of economic policy at The White House who earned advanced degrees from Cambridge University and Harvard Law School.
He is a contributing editor for Worth magazine and contributes to The New York Times, The Wall Street Journal and Forbes.
Mr. Buchholz...
Hedge funds > Growing Global 2005 to Feature Todd Buchholz, Former Director of White House Economic Policy
An intriguing story about how a small group of ruined employees sought revenge against their former bosses. Based on recent Enron and WorldCom scandals.
(ContentDesk) May 27, 2004 -- Gotcha! is a fictitious story based on real events involving unethical business practices used by large American corporations to enhance the value of their publicly traded stock. The resulting collapse of entities such as Enron and WorldCom led to severe financial losses to public stockholders and the catastrophic loss of pension funds and health benefits to thousands of employees. The corporate executives responsible for the collapse of these companies, however, were rewarded for their mismanagement with "golden parachutes." Gotcha! is a story of a group of former managers of the bankrupt Whittaker Corporation who conspire to exact revenge against the corporate executives responsible for the company's demise. These vigilantes attempt to execute a series of illegal scams involving burglary, fraud, and prostitution intended to ruin the lives of the executives who destroyed the company. Retribution is sought under the principal of "an eye for an eye, a tooth...
An intriguing story about how a small group of ruined employees sought revenge against their former bosses. Based on recent Enron and WorldCom scandals.
Hedge funds > An intriguing story about how a small group of ruined employees sought revenge against their former bosses. Based on recent Enron and WorldCom scandals.
Park La Brea Apartments, The Park La Brea Arts Council Team Up for 8th Annual Art in the Park Benefiting Camp Ronald McDonald for Good Times
LOS ANGELES, CA (ContentDesk) August 29, 2004 -- Park La Brea Apartments and The Park La Brea Arts Council will be holding the 8th Annual Art in the Park from 11:00 a.m. to 5:00 p.m. on Saturday, September 11 and Sunday, September 12 at Park La Brea Apartments, 6200 West 3rd Street.
The event will benefit Camp Ronald McDonald for Good Times, a cost-free sleep-away camp for children with cancer and their families.
The two-day event will be filled with world-class artists, live entertainment, a food court, a children's art workshop and special appearance by Ronald McDonald.
Admission, parking and shuttle service are all free.
For more event information, please call 323-525-1908."We are thrilled to be able to sponsor this fantastic cultural event once again for the community of Los Angeles," said Barbara Barsi, marketing director, Park La Brea Apartments.
"Most importantly, we hope to raise even more funds for the kids and families that look forward...
Hedge funds > Park La Brea Apartments, The Park La Brea Arts Council Team Up for 8th Annual Art in the Park Benefiting Camp Ronald McDonald for Good Times
Faber, Coe & Gregg Selects Trintech?s ReconNET to Increase Efficiency, Reduce Costs and Improve Financial Controls
Trintech (NASDAQ: TTPA; Prime Standard: TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced that Faber, Coe & Gregg, a retailer of sundries, periodicals and paperbacks, has selected ReconNET to automate the verification and reconciliation of bank deposits for its 70 locations. The installation of ReconNET will enable the company to perform daily deposit verification and reconciliation to reduce costs and gain greater reporting and financial controls.Faber, Coe & Gregg, founded in 1848, operates shops offering news, gifts, books, and caf?s in airports, train stations, hotels, office buildings and highway rest stops. Faber specialty shops can be found from Chicago to Miami Beach.
"With ReconNET, we'll have daily verification of our deposits. We won't have to wait until the end of the month to reconcile our accounts," said Burt Friedman, CFO at Faber.
"This tightening of cash controls will reduce our exposure to theft...
Faber, Coe & Gregg Selects Trintech?s ReconNET to Increase Efficiency, Reduce Costs and Improve Financial Controls
Hedge funds > Faber, Coe & Gregg Selects Trintech?s ReconNET to Increase Efficiency, Reduce Costs and Improve Financial Controls
Hampshire Companies Acquires Park 80 East Office Building in Saddle Brook, NJ; Superbly Located Building Acquired on Behalf of Hampshire Generational Fund
(ContentDesk) July 28, 2005 -- The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1 billion, today announced the acquisition of the Park 80 East Office Building, strategically situated at the juncture of Interstate 80 and the Garden State Parkway in Saddle Brook, New Jersey.
The acquisition was made on behalf of The Hampshire Generational Fund, LLC.Park 80 East is an 83,049 square foot multi-tenanted office building and one of the most visible office properties in Northern New Jersey.
The building sits on approximately 4.3 acres in a major Bergen County sub-market.
Major tenants at closing included Sealed Air Corporation, Liberty Mutual Insurance Company, and the United States Government Services Administration (GSA).
"This is a premier acquisition," commented William A.
Scully, Executive Vice President of The Hampshire Companies.
The Hampshire Generational Fund,...
Hedge funds > Hampshire Companies Acquires Park 80 East Office Building in Saddle Brook, NJ; Superbly Located Building Acquired on Behalf of Hampshire Generational Fund
1ST DoGood T-Shirt-A-Thon - DoGoodTshirts Launches a Campaign to Fundraise U$ 5 Million in 30 Days by Selling T-shirts Online
On February 16, 2004, DoGoodTshirts launches the world's first DoGood T-shirt-a-thon.
A historic event to raise a minimum of US$5 million in 30 days, for one of the causes that DoGood T-shirts supports.: The reconstruction of a conflict torn region for the children and families of Montes de Maria in Colombia.By designing and producing fashionable quality t-shirts with high impact designs against violence, for the respect of human rights, and for the celebration of life, DoGood T-shirts shares U$20 of every U$25 t-shirt sold to invest in individuals and organizations that DO GOOD around the world. DGT is not a charity. DoGoodTshirts is a business idea set out to prove that the more you give, the more you receive. " I call this: Reverse Charity" says Felipe Herrera U.
creator of DoGoodTshirts."On September 4, 2004 about 2.5 million south Floridians evacuated and escaped hurricane Frances.
In 24 hours each one of us spent an average of US$100 dollars to save our...
Hedge funds > 1ST DoGood T-Shirt-A-Thon - DoGoodTshirts Launches a Campaign to Fundraise U$ 5 Million in 30 Days by Selling T-shirts Online