#retirement plan for self employed

[pensiondeduction]

Retirement Planning 101: A Guide to Defined Benefit Plans and More.

Retirement planning is an essential part of financial planning. It involves making decisions about your future finances, including how much money you will need to retire comfortably and how to save enough to meet those needs. There are many retirement plans available, but in this guide, we will focus on defined benefit plans.

A defined benefit plan is a type of retirement plan that guarantees a specific amount of income to retirees, usually based on their salary and years of service with their employer. These plans are also known as pension plans, and they're typically offered by government agencies and large corporations.

To participate in a defined benefit plan, an employee typically needs to work for the employer for a certain number of years. The amount of the retirement benefit is usually based on a formula that takes into account the employee's salary, years of service, and other factors such as age at retirement.

Defined benefit plans offer several advantages over other retirement plans, such as defined contribution plans like 401(k) . One of the biggest advantages is the guaranteed income stream in retirement, which can provide a sense of security and peace of mind. Defined benefit plans also frequently have higher contribution limits than defined contribution plans, allowing employees to save more for retirement.

However, there are also some disadvantages to defined benefit plans. They can be precious for employers to maintain, and numerous companies have been moving down from offering them in recent times. Also, the formula used to calculate the withdrawal benefit may be complex and delicate to understand.

However, it's important to understand the details of the plan and how it fits into your overall retirement planning strategy, If you're considering a defined benefit plan. You should also consider other retirement savings options, similar as individual retirement accounts( IRAs) and 401( k) s, to insure that you're saving enough to meet your retirement requirements. In conclusion, retirement planning is a critical aspect of financial planning, and defined benefit plans are one option for providing a guaranteed income stream in retirement.However, be sure to understand the details of the plan and how it fits into your overall retirement savings strategy, If you're considering a defined benefit plan.

[alishaboetaxplanningexpert]

Financial Future: Retirement Planning For The Self-Employed

Retirement planning is crucial for self-employed individuals, who lack access to employer-sponsored retirement benefits like 401(k) plans. Building a secure financial future requires proactive saving, investment, and strategic planning. Here's a comprehensive guide to retirement planning for the self-employed:

1. Start Early: Begin saving for retirement as soon as possible to take advantage of compound interest and maximize your savings potential. Even small contributions made early in your career can grow significantly over time. Set clear retirement goals and establish a timeline for achieving them, considering factors like desired retirement age, lifestyle preferences, and anticipated expenses.

2. Establish a Retirement Account: Explore retirement account options tailored to self-employed individuals, such as Individual Retirement Accounts (IRAs) or Solo 401(k) plans. Traditional IRAs offer tax-deferred growth, allowing you to deduct contributions from your taxable income, while Roth IRAs provide tax-free withdrawals in retirement. Solo 401(k) plans, also known as Individual 401(k) or Self-Employed 401(k) plans, allow higher contribution limits and may offer additional tax benefits.

3. Maximize Contributions: Contribute the maximum allowable amount to your retirement accounts each year to accelerate your savings and minimize current tax liabilities. For 2024, individuals can contribute up to $20,500 to a Solo 401(k) plan (or $27,000 if age 50 or older) and up to $7,000 to an IRA (or $8,000 if age 50 or older). Take advantage of catch-up contributions if you're over 50 to boost your retirement savings.

4. Consider a SEP-IRA or SIMPLE IRA: If you have employees or expect to hire in the future, consider Simplified Employee Pension (SEP) IRAs or Savings Incentive Match Plan for Employees (SIMPLE) IRAs. These retirement plans allow contributions for both self-employed individuals and their employees, providing a valuable employee benefit while offering tax advantages for the business owner.

5. Diversify Investments: Build a diversified investment portfolio aligned with your risk tolerance, time horizon, and retirement goals. Spread your investments across various asset classes, such as stocks, bonds, mutual funds, and real estate, to mitigate risk and maximize long-term growth potential. Regularly review and adjust your investment strategy based on market conditions and changes in your financial situation.

6. Plan for Health Care Costs: Factor healthcare expenses into your retirement planning, as medical costs can significantly impact your financial security in retirement. Consider purchasing health insurance coverage, exploring Health Savings Accounts (HSAs) for tax-advantaged savings, and estimating potential out-of-pocket expenses for healthcare services and long-term care needs.

7. Continuously Monitor and Adjust: Regularly review your retirement plan to track progress towards your goals and make necessary adjustments. Reassess your investment allocations, contribution levels, and retirement timeline as your financial situation evolves or external factors change. Stay informed about tax laws, investment trends, and retirement planning strategies to optimize your savings and adapt to new opportunities.

8. Seek Professional Guidance: Consult with a financial advisor offering services of tax planning for self-employed in Mayfield Heights OH to develop a personalized retirement strategy tailored to your unique needs and circumstances. A professional can help you navigate complex financial decisions, maximize tax advantages, and address any challenges or concerns along the way.

In conclusion, retirement planning is essential for self-employed individuals to secure their financial future and enjoy a comfortable retirement. By starting early, establishing retirement accounts, maximizing contributions, diversifying investments, planning for healthcare costs, and seeking professional guidance, you can build a robust retirement nest egg and achieve your long-term financial goals. Be proactive, stay informed, and take the necessary steps to ensure a prosperous retirement journey.

[bitchesgetriches]

Everything You Need to Know about How to Increase Your Income

Make more money at the job you have

One of the simplest ways to increase your income is to just make your current employer pay you more. But while it may be simple, it ain’t always easy.

Santa Isn’t Coming and Neither Is Your Promotion: How To Get Promoted

How I Chessmastered Myself Into a Promotion at Work

The First Time I Asked for a Raise

You Need To Ask for a Fucking Raise

Ask the Bitches: “Can I Quit With Unvested Funds? Or Am I Walking Away From Too Much Money?” 

The Ultimate Guide to Growing Your Salary

Make more money at your next job

All that said, you’re statistically more likely to increase your income faster by job hopping! So if your current employer doesn’t want to pay you more, leave that sinking ship behind in pursuit of a higher salary.

Job Hopping vs. Career Loyalty by the Numbers

The Fascinating Results of Our Job Hopping vs. Career Loyalty Poll

How NOT to Determine Your Salary

When It Comes to Salary Negotiations, Are You Asking for Enough?

What To Do When You’re Asked About Your Salary Requirements in a Job Interview

If Your Employer Refuses To Negotiate Salary, Try These 11 Creative Counteroffers

Season 4, Episode 9: “I’m on the Wrong Career Path. How Do I Convince a New Industry To Take a Chance on Me?” 

Invest your way to more money

Of course there are some who say the true path to wealth is passive income: when you stop working for your money and instead let your money work for you. And they’re not wrong! Here’s how we recommend you increase your income passively.

When Money in the Bank Is a Bad Thing: Understanding Inflation and Depreciation

Investing Deathmatch: Investing in the Stock Market vs. Just… Not 

What’s the REAL Rate of Return on the Stock Market?

Dafuq Is a Retirement Plan and Why Do You Need One? 

Procrastinating on Opening a Retirement Account? Here’s 3 Ways That’ll Fuck You Over.

Season 4, Episode 1: “Index Funds Include Unethical Companies. Can I Still Invest in Them, or Does That Make Me a Monster?” 

Small Business Investing: A Kinder, Gentler Alternative to the Stock Market 

The Dark Magic of Financial Horcruxes: How and Why to Diversify Your Assets 

Make more money through side hustles

When it comes to side hustles, we have traditionally advocated caution. The last thing you want to do is burn out in pursuit of a second income stream. But with enough wits and fortitude, a side hustle could help you increase your income by leaps and bounds.

Romanticizing the Side Hustle: When 1 Job Isn’t Enough

Season 2, Episode 9: “I Use My Free Time to Volunteer. Should I Focus on Making Money Instead?”

Stop Undervaluing Your Freelance Work, You Darling Fool

Freelancer, Protect Thyself… With a Fair Contract 

Season 4, Episode 10: “I’m a Freelance Artist. How Do I Price My Work Fairly Without Losing Clients?”

Ask the Bitches: My Boss Won’t Give Me a Contract and I’m Freaking Out 

“Independent Contractor” My Ass: How to Stop Wage Theft Through Worker Misclassification 

Becoming a Millennial Entrepreneur (In the Midst of a Pandemic) With Katelyn Magnuson 

11 Awful Mistakes I Made as a Self-employed Freelancer, and How You Can Avoid Them

The Magic of Unclaimed Property: How I Made $1,900 in 10 Minutes by Being a Disorganized Mess

I Am a Craigslist Samurai and so Can You: How to Sell Used Stuff Online

What to do when you make more money

Once you increase your income, you might find yourself… not quite bored, but finding you have a little more bandwidth to handle the stuff that matters. It can be a jarring transition! Here are our thoughts on the matter.

Season 3, Episode 7: “I’m Finished With the Basic Shit. What Are the Advanced Financial Steps That Only Rich People Know?” 

Season 3, Episode 4: “The More Money I Save, the More I’m Scared To Lose It. Can I Break the Cycle of Financial Anxiety?” 

How to Avoid Lifestyle Inflation … and When to Embrace It

Ask the Bitches: I Know How to Struggle and Fight, but I Don’t Know How to Succeed

Update: I Know How to Struggle and Fight, but I Don’t Know How to Succeed 

The FIRE Movement, Explained 

I Was Happy to Marry a Poor Man. Then Things Changed.

I Have Become the Rich Relative I Always Wanted 

Believing in Miracles: A Conversation with Chris Dane Owens on Money, Creativity, and Self-Funding Art 

I Now Make More Money Than My Husband, and It’s Great for Our Marriage 

Season 2, Episode 1: “I’m Financially Stable, but My Friends Aren’t. The Guilt Is Crushing!”

The Resignation Checklist: 25 Sneaky Ways To Bleed Your Employer Dry Before Quitting

Advocate for systemic change

We don’t endorse an attitude of “I got mine.” So once you increase your income, there are lots of ways to use your newfound financial breathing room for good! Lift as you climb, my friend. Here are a few ways to do so:

Wallet Activism: Using Your Money for Good with Author Tanja Hester 

Woke at Work: How to Inject Your Values into Your Boring, Lame-Ass Job 

Raising the Minimum Wage Would Make All Our Lives Better

Post a Salary Range in the Job Description, You Fucking Cowards

1 Easy Way All Allies Can Help Close the Gender and Racial Pay Gap

The Truth About Unions: What Has Organized Labor Done for You? 

How To Support a Labor Strike with 3 Simple Steps

Everything in moderation

One last thing, my lambs: don’t crush your spirit while chasing the goal of a higher income. Working hard is hard work. If you find these tactics are leaving you exhausted and demoralized, you might be on the road to burnout. And that road leads nowhere good!

That’s why we just released our glorious new Burnout Workshop. Click the button below to take a peek!

Get the Burnout Workshop Here!

[heartfucksmouth]

so my mil def overheard my meltdown yesterday and she's been quiet and meek and I can tell she had been emotional. before she left for work this morning she mentioned it and said if she can do anything to help me be happy living here she'll do it. but like... you wont?? how you act 99% of the time makes me unhappy and uncomfortable and like I'm being judged??

my mom said maybe it's good bc she needs the reminder... but it's exhausting bc my mil needs a reminder every 2 months to stop being a miserable asshole bc she's insecure af (and super trashy conservative White Woman) and it's not my goddamn job to be her mirror or her life coach or whatever the fuck this is

I don't *want* to dislike her, I don't want the stereotypical shitty mil relationship, I don't want to be uncooperative or hard to live with, but I also can't deny the feeling she gives me in my gut. Shea a fucking asshole and she doesn't even know it (or denies it bc she can't confront herself) and like. if she's spent 50 years this way, I'm not holding my breath that she'll change.

she's everything I despise.

she's racist, sexist, ableist, hypocritical, she's inauthentic always, fragile af, she lives her life in fear and speaks incredibly confidently about things she knows nothing about,

shes a hoarder of toilet paper among other things, shes a terrible cook and thinks salting food will give you a heart attack and she cooks meat while it isnt completely thawed so its dry af, she complains about everything and does nothing to change it,

shes self employed and has no financial plan for retirement besides relying on her husband (and son?). she charges us ridiculous rent so we'll never save up and leave, she yells and swears at her dog for doing dog things and uses intimidation to make him behave, she refuses to clean her house "unless someone pays" bc shes a house cleaner for other people,

she moves my shit and we essentially dont have evidence that we exist in the house except in our room (me and myles would have to bring our shower stuff into the bathroom every time until i bought a shower caddy and hung it up without asking), she once threw away myles toothbrush bc she "was sick of looking at it," if anything is wrong or broken or missing its ALWAYS myles fault, she expects myles to bring in the groceries every day even if its one bag,

she'll do all the dishes but leave aidans bottles for me to do, she insists aidan will die if he doesnt wear socks, she sits him in front of the tv and leaves him there, she lets him cry and tells him hes fine while refusing to pick him up to comfort him, she only knows how to make him fall asleep with a bottle and once hes asleep she puts him down, but she's pro-life and tried to use Aidan being born as further proof supporting her belief ..

she's a Trump supporter. STILL. I should have just lead with that. I could go on for a while longer but I'm exhausted.

idk. idk what to do. I'm just going the way I did with my dad and trying to feel nothing for her. I get that she's human and flawed and has her own shit and she's fucked up and insecure but like. I don't care? I don't want to cater to it or live with it or expose my child to it. I feel guilt for it, but I'm not going sacrifice myself to make others comfortable anymore.

I really hate this.

[positivexpectedvalue]

Museums / Cultural Centers No: 164 Toronto Reference Library Location: Toronto, ON, Canada Year: 1977 Architect: Raymond Moriyama ‌ The Toronto Reference Library (TRL) is the flagship of the world’s busiest urban library system. Occupying over 416,000 sqf, it is a centrally located landmark which opened its doors in 1977. Designed by architect Raymond Moriyama, the robust five-storey building was clad in red brick, its mass scaled back by terracing the façade along the diagonal. Bands of mirrored glass suggested an inner world within. The narrow corner entrance, flanked on two sides by a colonnade, drew patrons into the building’s soaring interior. With escalating demands on the library system, the TRL recently completed an extensive five-year phased revitalization led by Moriyama & Teshima Architects, though its cofounder Raymond has since retired. The building buzzes from top to bottom. It is centred on a vast tiered atrium inspired by the Hanging Gardens of Babylon. The interiors are bright, airy and uncluttered. A double-height rotunda dedicated to special collections reinterprets the romantic feel of old libraries with a distinctly modern material palette of concrete, titanium and dark wood. The building employs concealed mezzanines to maximize overall storage capability, amplified through the use of space-saving compact shelves. Open-plan layouts were rezoned for easier self-navigation; stacks were reconfigured to facilitate research. The library continues to explore and adopt emerging technological tools to better monitor collections and support learning and discovery.

[cazort]

I see a disturbing number of people, mostly millennials, these days, who have significant incomes and are starting to amass significant savings, who have terrible financial management skills. People who live at home with parents and get a full time job can accumulate money really fast. A lot of people are letting huge amounts of money, like sometimes as much as $20,000 or more, accumulate in checking accounts where it is earning either no interest or negligible interest.

Because inflation is high (over 3% these days), you are effectively losing money when it sits there. Also you're allowing the bank to profit off it; it's lending your money out to other people, often at interest rates as high as 6-7% or more, and it's not paying you for it.

If you have more than maybe around $3000 dollars in an account, you want that money earning interest. Here are things you can do to earn more from your money:

Open a savings account at a higher yield. Go to a different bank if necessary. CIT Bank has rates around 5% these days.

Pay off high interest rate debt but not low-interest rate debt. If the interest rate is above about 7-8% definitely make it a priority to pay it off ASAP. If it is above 5% it is still better to pay it off than to sit on your money. If it is much below 5%, pay it off as slowly as possible (minimum payment only) because there are risk-free ways to earn more interest on your money.

If you don't need the money in the short-term, consider a CD (Certificate of Deposit) which offers a fixed interest rate over a certain time. Often you can get a slightly higher rate by tying your money up for 3 months or 6 months or sometimes even longer. These are good options if you have a specific expenditure in your future, like perhaps moving or buying a home, but you know it won't happen until after a certain date.

Open a brokerage account. Brokerage accounts allow you to buy and sell investments such as stocks, mutual funds, or bonds, which include CD's from banks as well as treasury and municipal bonds and corporate bonds. You get more options for buying CD's (i.e. you can compare many different banks side-by-side, buy CD with the best rate, and manage multiple CD's within a single interface.) Most brokerage accounts have no fees and typically no or very low minimum investments. There is no reason not to have one if you have a few thousand dollars.

In a brokerage account, buy a money market mutual fund. Look for one with no load and no transaction fee, a high yield, and a low expense ratio, and a fixed share price of $1 per share. My two favorite are SWVXX and SNSXX. SWVXX has a higher yield (about 5.19%) whereas SNSXX has a lower yield (just over 5%) but is non-taxable on state income taxes, so SNSXX is a better choice if you have a high state tax rate, otherwise SWVXX is better.

Consider opening a Roth IRA if you haven't, and then, if able, contribute the maximum amount each year. You are allowed to make a contribution that counts towards the previous year, up until the tax filing deadline of the current year. So for example today it is Mar. 14th, 2024, so you can open a Roth IRA today and contribute the max ($6,500) for the 2023 year and also the max ($7,000) for 2024, for a total of $13,500. The main advantage of a Roth IRA is that the money in them can grow tax-free. Roth IRA's benefit anyone able to have one (the richest people are not allowed to contribute to them) and are especially important for people who are self-employed, change jobs a lot, or never work full-time, so they don't have a consistent employee-provided retirement plan.

Consider investing in stocks. Stocks are riskier (in that their price changes, and you can lose money when investing in them), but tend to have a higher yield than savings and money market accounts and funds. The simplest way to buy stocks is to buy an ETF (exchange-traded-fund). I recommend buying one that follows the S&P 500 and has a low expense ratio like SPY or VOO. Whatever you buy, reinvest the dividends and let it grow, contribute a little money every year so are putting in money even in years the market is down. On average you get about a 10% return in the market but it is unpredictable and you will lose in some years, but that's okay, you're not retiring for many decades and the money will have grown a lot by then.

There are options regardless of your risk profile. It is throwing your money away to let a lot of money sit in a checking account. At a bare minimum, go for a high-yield savings account, CD, or better yet get a brokerage account, put it in high-yield money market funds like SWVXX, shop around for CD's or other bonds with the highest rates, and if you are able to tolerate some risk and want a higher return, consider putting some money in more aggressive investments like stocks.

I am 100% for tax reform and other reform to curb the extreme concentration of wealth in the hands of a few, but it's also important to take your financial situation into your own hands. Get financially comfortable. Get a stake in the US economy. Empower yourself so you can live better and help your family, friends, and the causes you care about.

[spiderh0rse]

freeman's mind notes part 3, e11-15.

e11

would derail the alien attack to call about bad chips

"I GUESS I'LL HAVE TO TAKE THE ELEVATOR." pit.

has seen Indiana Jones and the Last Crusade

wants a grappling hook foe swinging/climbing purposes

admits he keeps doing stupid things. Love a man with self awareness

has a passing understanding of spiderman

does Not try to save the guy in the elevator shaft

has seen willy wonka and the chocolate factory

whistling count three

would love to scare people by crashing through the roof

doesn't feel like climbing anymore! Gasp!

willing to touch a possible death laser. Seems only mildly confused when it doesn't hurt

turret bullets are worse than paintballs

breaks alarm clocks

up to 800 problems a minute solvable with dead man's gun

limbo... TWO

Admires the HEV suit construction

his roommate in college used to intrude on his half of the room. Implies he'd have liked to kill him

"hope, love, and submachine guns"

Tarzan yell :> simian instincts yet to subside

finds the turrets redundant

does a silly lil jump on the slippery floor

no longer cares about the donuts

e12

does at least know the origin of zombies

gman sighting.

willing to own an undead servant

though i can't recognize it by sound alone, I can only assume the language he speaks here is Haitian Creole.

wishes he couldn't care about living or dying

Slur count: three.

wants other people to die for him

fully expects the HECU to pin the blame for the murder on the victim

given the way gordon frequently runs his mouth when scared he genuinely does seem scared here. He was all set to have a rescue team, and now he's left hanging. Ground swept out from under him!

rambles about how he definitely isn't going to think about having killed a guy

stresses to the soldiers that he has a DOCTOR'S DEGREE

limbo mention

seems somewhat bothered by murdering people. Only somewhat but he clearly isn't just brushing it off immediately

climbs some stuff :>

delighted to find surface access

ah yeah the law he references about murder being legal in texas under absurd circumstances? No clue about that. Cool though if at all true

e13

plans to get drunk that night. This of course does not happen

implies he gets drunk every night

...you can't tell people you're on their side by killing them, Gordon

"I JUST WANT TO GO HOME" i getcha, buddy

keeps saying inane things when panicking

"Ehhh," nervous lil noise

repeats "fast climb" or "climb fast" until they blur into each other

just wants to LEAVE

detours to kill another bug. With bullets this time.

saga of impact damage continues

first generation morlok... Says he'll hold off on the cannibalism until the vending machines run dry. Cannibalism lose

thinks you really can't have too many guns

bugged by making the proper choices leading to more danger

FHE SYLLABLE COUNT WAS OFF MY MAN KNOWS RHYME SCHEMES. he's so smart. So snark. If you'll excuse me being a little incoherent for fun

fifteen counts of self defense with an automatic weapon. Of course.

accepts he'll have to get a new job

wants cheetos :'(

he HATES daylight savings time. It's employed by The Man.

expects to be polygraphed at another company

wouldn't mind being a corporate spy and selling out Black Mesa

wants to retire early

oh dude don't pay any mind to freud

string theory crowd includes one Steve and Richard, who may or may not be sacrificing goats, possibly for use in their cookouts. String theory crowd are cultists.

Steve and Richard have called the cops on Gordon. Rude. Probably warranted.

would LOVE to scare people in their offices from the vents. Especially to get the office for himself.

e14

gives up on dying in a hole to get food. this seems to be the only reason he leaves, because he'd get hungry. Is. Is he okay

considers putting an alligator in the air ducts

does NOT like the accusation that he's responsible for the mess

lead can't lie to you

"do you know if leptons are really compound particles?" They are Not! It's a very nerdy way of saying "No!"

"beep" as he presses a button

apologizes repeatedly to some guy he almost shoots

wants to own a water park but considers this far-fetched enough to require a wish

more guns = higher qol

cthulu dogssss makes me wanna pet em

yes the coverup is impractical that's correct. It's happening anyways

"beep beep beep" :)

likes the red lights telling him of the doom ahead

hums AGAIN. first reminds me of a shitty imperial march

he wants to build a house, have a fast elevator, servants.

happy to have a vehicle

doesn't WANT to be fighting nonstop

keeps repeating the alarm beeps

shocked at the giant radioactive PUDDLE i love to launch myself into in game

does seem unconcerned at the thought of going to the doctor. Just resigned.

e15

worst case scenario brain cancer. Cancer mentions up to two

cthulu dogs now named SNOT MONSTER

ticks off all the near death experiences he's had today. clearly thinking about em

contemplates that the spill from the trams is the same one as with the giant tubes

slaps himself TWICE. SIR.

always wished he could ride pneumatic tubes everywhere

he is a gopher! :D

doesn't think dog catchers get given shotguns. They have to bring their own.

would like to prank call a dog catcher with a SNOT MONSTER. and tape the results

knows better than to get bit by a radioactive animal

further analysis and hate on spiderman science

hates awkward pauses

laughs at sending houndeyes flying with shotgun blasts

physics still has priority over shooting stuff

doesn't want to join the military for Two (2) reasons. They'd order him around. They'd make him shave his beard.

"COMBO PLATTER" goof.

very good at hide and seek.

has never tried or wanted to kill the president

wasnt worried about missing a jump, but the catwalk collapsing as he hit it

doesn't know Morse code. Loser.

noise music hater. Incorrect.

grossed out by meat yet again

buddy your grenade won't do shit here

"that's not a rope" sick hlvra- (shot dead)

soooooooo irritated at his blood shell

wants earplugs

[sleepyandtiredandbored]

Keyleth to Vax in C1E54:

"Yeah, no, this is pretty bad. You know, I've actually been wanting to talk to you. I wasn't entirely planning on now. I know you've been struggling. I know you feel like you're drowning, and I'm sorry that the Raven Queen chose you, but she did choose you. You know, as druids, I was raised to have an interesting perspective on the gods. We are taught that nature is the one true powerful force. I have yet to see a god control the sunrise and the sunset, so therefore it's hard for me to sometimes have the same faith in these gods. Personally, I believe that just because you're immortal doesn't make you infallible. These gods can be great ambassadors of their virtues and what they represent, or they can be horrible disgraces to their domains. And just because some self-proclaimed person or deity decides that they want control? Doesn't mean that they have to have control over me. Now, this does not mean that I do not respect the gods and the power that they wield, but, I mean, for the love of Sarenrae, we have seen Pike do many a powerful thing. So, therefore, I do not respect the gods any more than I respect the living people who are standing beside me at this moment. So I've also been coming to terms with the fact that it seems that, whether we like it or not, we are going to have to employ their services. Looks like we're going to have to be working with them in some way or another, myself included, if we are going to overcome this. So maybe you should start rethinking the way you look at your relationship to the Raven Queen. Maybe this can be a fine partnership. A fine endeavor to do with her, and then once we save the world and we retire and some other young prodigies come forward to save the world again, then we can thank her for her services and move on. I don't think we'll always need her. I don't think you will always need her. And, keep in mind, the one true thing that gives these gods their power are their worshipers. So I guess I'll let you choose what you want to be."

Y'all, they make me so crazy!

[fierce-sims]

I need to go to bed aka introducing my starter families

I just want to preface this by saying that this took way too much time to put together, and I'm not even done yet, lol.

The Escarlata Family:

Davyd Escarlata | Scorpio | Vampire | Bisexual | Fortune/Knowledge | LTW Earn Lots of Money

7/10 Neat

5/10 Outgoing

6/10 Active

5/10 Playful

3/10 Nice

When push comes to shove, Davyd is a man who will get the job done. With his new fangs and blood lust, he must balance his thirst with the demands of his rap career.

Riley Escarlata | Taurus | Human | Straight | Pleasure/Popularity | LTW Became Celebrity Chef

5/10 Neat

7/10 Outgoing

2/10 Active

7/10 Playful

5/10 Nice

Riley has her eyes set on the kitchen, but she lacks organization and the discipline to succeed in the culinary business.

Christopher Escarlata | Capricorn | Human | Straight | Family/Knowledge | LTW Spent 200 Hours Teaching Others

7/10 Neat

5/10 Outgoing

2/10 Active

6/10 Playful

5/10 Nice

Christopher is a wise and well-travelled retiree who used to be a real family man until his wife refused to retire and his son became a vampire. But now, his biggest problem lies with his unmotivated daughter.

Yolanda Escarlata | Scorpio | Human | Straight | Fortune | LTW Self-Employed Talent

6/10 Neat

5/10 Outgoing

6/10 Active

3/10 Playful

5/10 Nice

Despite her advanced age, Yolanda has a sharp mind and a love for writing. She has no plans of retiring, and continues to pursue her true passion of culinary journalism.

The Chi Family

Yogi Chi | Scorpio | Human | Aro-Ace | Knowledge | LTW Became Cult Leader

8/10 Neat

7/10 Outgoing

10/10 Active

3/10 Playful

7/10 Nice

Yogi's young, handsome, and has a smile that draws people in. A friendly yoga instructor by day, nobody knows that once they're in his clutches, he will use his persuasive powers to convince them to do his bidding.

The Roomie Family

Greta Green | Cancer | Human | Bisexual | Knowledge/Family | LTW Became Ecological Guru

7/10 Neat

1/10 Outgoing

5/10 Active

5/10 Playful

7/10 Nice

Greta is a shy but passionate botanist who is determined to make a difference in her own quirky way. When she's not poring over environmental data, she enjoys spending time with her fashionable roommate, Janey. However, Greta can't help but wonder if her feelings for her gal pal go beyond just friendship.

Janey Styles | Taurus | Human | Gay | Popularity | LTW Self-Employed Talent

5/10 Neat

5/10 Outgoing

3/10 Active

6/10 Playful

6/10 Nice

Janey values style, fashion, sophistication, and has a passion for all things high-end and exclusive. Although she can be a bit bossy, her heart is in the right place.

The Silver Lining Family

On the left: Luna Wilde | Libra | Human | Gay | Popularity/Pleasure | LTW Become Rock God

2/10 Neat

8/10 Outgoing

6/10 Active

7/10 Playful

6/10 Nice

Fun loving and spontaneous, Luna is just one of those people who exudes energy and positivity no matter what.

On the right: Ella Elite | Aquarius | Human | Bi | Knowledge/Popularity | LTW Gain 5 Gold Badges

2/10 Neat

5/10 Outgoing

7/10 Active

6/10 Playful

5/10 Nice

Ella is trendy and always on the lookout for the next big thing. When she's not performing, she can usually be found protesting.

On the left: Aiden Spade | Virgo | Human | Straight | Knowledge/Fortune | Became Game Designer

6/10 Neat

4/10 Outgoing

6/10 Active

4/10 Playful

5/10 Nice

Aiden is as comfortable with a comic book as he is a guitar, and enjoys delving into the unknown. He's a self-proclaimed ghost hunter and is always up for a game of trivia.

On the right: Reid Stifled | Aquarius | Human | Gay | Family | LTW Graduate Children From College

5/10 Neat

1/10 Outgoing

6/10 Active

8/10 Playful

5/10 Nice

Reid is part of a band, but struggles to connect with his more social bandmates, who always seem to hog the spotlight. While he may be the unassuming one in the group, Reid has a playful personality that is a stark contrast to his shy demeanor.

And that's all for now! My god, that was too much. I hope to add more supernatural sims as well as some proper traditional families in the future to tie everything together. I'm sorry for any mistakes or missing context, I am exhausted, and some of this information I haven't gotten around to yet.

[pensiondeduction]

Best retirement pension plans in the USA | Pension Deductions

When it comes to retirement planning, there are a lot of different pension plans out there such as Defined Benefit Plans, 401k plans. Profit sharing plan and others. It can be difficult to know which one is the best for you. To help you make the right decision, our pension specialists can help you. Visit: https://www.pensiondeductions.com/

[onlinemarketingjuice]

Harnessing Reddit to Build Your Clientele as a Financial Advisor: A Guide to Compliance and Engagement

In the dynamic digital world, staying ahead in the financial advisory business requires excellent financial acumen and proficiency in digital marketing. With various social media platforms at your disposal, knowing how to utilize each one’s unique capabilities can bring prospective clients your way. One such platform is Reddit, often dubbed “the front page of the internet.” Despite being overlooked by many financial advisors, this platform provides a wealth of opportunities for interaction, engagement, and promotion of advisory services.

Understanding Reddit’s Landscape

Reddit is not your average social media platform. It’s a community building and engagement hub, hosting countless “subreddits” or communities around specific topics, including personal finance, investing, retirement planning, and wealth management. By actively participating in these communities, you can position yourself as a trusted industry expert, attracting clients who value your expertise and insights.

Identify Relevant Subreddits

Your first move should be to pinpoint subreddits that align with your niche. Subreddits, such as r/personalfinance, r/investing, and r/financialindependence, are filled with members discussing a broad range of finance-related topics. Regular participation in these discussions will allow you to understand the common queries, concerns, and insights that members share.

Share Valuable Content

On Reddit, content truly is king. Users appreciate content that educates, informs, or entertains. Once you’ve identified common concerns and issues, you can start sharing high-quality content that addresses these needs. Whether it’s blog posts, infographics, insightful videos, or insightful comments on existing threads, your goal should be showcasing your expertise and value, not blatant self-promotion.

Interact and Engage

Reddit thrives on genuine interaction and engagement. Respond proactively to queries, ask thought-provoking questions, and offer valuable insights. Such actions will make you a valued member of the community and highlight your expertise and commitment, making potential clients more likely to trust you with their financial needs.

Staying Compliant with SEC and FINRA Regulations

As a Certified Financial Planner (CFP), it’s paramount to remain compliant with the regulations set by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). These guidelines emphasize transparency, integrity, and investor protection from misleading or fraudulent activities. Here are a few key principles to keep in mind:

Transparency and Honesty: Never misrepresent your qualifications, services, or products. Any advice you provide should be honest, realistic, and based on your professional expertise.

Avoid Personalized Financial Advice: To stay compliant, avoid offering specific financial advice. Instead, share general financial information and strategies that are educational in nature.

Adhere to Advertising and Testimonial Rules: Be mindful of SEC and FINRA rules governing advertising. Avoid misleading statements or false claims about your services. Be careful with using upvotes, as they can be seen as testimonials, which are strictly regulated.

Maintain Archival Records: All communications related to your business on Reddit should be archived as per SEC and FINRA regulations. Consider using archiving tools or software for this.

Frequent Monitoring and Review: Regularly review your Reddit activities to ensure compliance. Many firms employ a dedicated compliance officer for this purpose.

Use Reddit’s Advertising Platform

Beyond organic growth and engagement, consider using Reddit’s advertising platform. With precise targeting capabilities, you can create targeted ads for specific subreddits, reaching a highly relevant audience (leads).

Follow-up

Ensure you follow up promptly when users show interest or ask for more details. Whether they message you privately or comment on your posts, a timely, informative response can turn a potential lead into a client.

When used effectively, Reddit can be a powerful tool for financial advisors. The platform presents an opportunity to showcase your expertise, build trust, and connect with prospective clients. Consistency, genuineness, and compliance are your allies in this process. Happy Redditing!

[zumpietoo]

OML....It;s Getting OLLLLDDDD....

Umm.....by all accounts, including PP's own admission, Cole's known, across multiple industries for having an impeccable work ethic. And even if that was "all he's doing" (BTW, it was last hiatus, when PP's power couple plans fizzled, so SHE did nothing but mope, now she's having to hustle on D-list scabbing, buuuutt), so?

PP "owns" a hobby biz so she can buy her way onto shitty flops. She is distinctly not a "brand" (unless that "brand" is "hasbeen"), but, again, even if she were, so fucking what?

She's been scrambling to scab because she's broke, entirely different. Cole's also the dude with a plethora of projects in the works, attending A-list events PP will never get to go to again and lead a successful theatrical already, no doubt his next "low budget movie" will also make lots of $$$.....PP can't even approach claims to that.

AND all her projects have been pure shit artistically, so you don't even get that one....

From the "ground up" she did a pointless hobby biz? Ooohh, how impressive, same as every "self employed" person out there, honestly...

Again, he's the guy with soon to be two successful theatricals he's led, followed by a successful career as a photographer (what he really cares about) and going to all A-list events....can't imagine how PP is "moar successful" as she careens to Hallmark movies, but even if yes?

Cole wouldn't remotely GAF, could retire any time he so desires---and Cole LOVES Ari and is really happy with her, why would he be "traumatized" by that? Plus her head isn't square (but how shallow, yet again) and for "low IQ", Ari's bilingual (at least), seems pretty insightful/sensitive and doesn't endlessly put her foot in HER mouth.

The idea that PP is somehow this great intellectual or even remotely intelligent is fucking laughable. She's a stoned dumbass in a cult.

Ummm.....so Cole choosing to be with somebody who's only marginally "famous", because he loves her is now a bad thing? Again, I see we have the "dating up" narrative going....then what about PP, first with a failure/patterned using his partners for fame, now with a Z-lister TikToker?? Hmmmm????

OML.....now you're obsessing about when Cole stayed in KokeJ's house almost 4 years ago? A house KokeJ can no longer afford and Cole owns TWO, moar expensive ones?

And over events that happened over 3 years ago, too. Again.....Cole is now with his real friends and, it would appear, still has plenty of "nepo baby" friends in the mix (Zelda, for example)...and you previously bagged on him hanging with all of them.

It's as if the truth/reality (a bunch of girls vying for his newly single attention, while he was still recovering, sad and lonely) isn't obvious enough....and, again, ALMOST FOUR YEARS AGO AND YOU BAGGED ON IT AT THE TIME.....

And I still don't get how it's "sunk so low", to have moved past that and now be fully settled with somebody (for almost 3 years), owning two houses (since you keep blathering about that), able to relax a bit, while still being very much an A-lister....but even if it were? So?? He has plenty of $$$ and can live his life as he chooses...

[bitchesgetriches]

Getting a job:

How to Write a Resume so You Actually Have a Prayer of Getting Hired

How to Write a Cover Letter like You Actually Want the Job

Ask the Bitches: What the Hell Else Can I Do to Get a Job?

How to Frame Volunteering on Your Resume When You’ve Never Had a Job

How To Get Ready For a Job Interview: Prep Yourself Before You Wreck Yourself

Common Job Interview Questions and How to Answer Them with the Confidence of a Mediocre White Dude

10 Questions You Should Never Be Asked in a Job Interview

What to Wear (and What Not to Wear) to a Job Interview

What to Do When You’re Asked About Your Salary Requirements in a Job Interview

How NOT to Determine Your Salary

How to Find Remote Work: On Getting the Elusive Work-From-Home Job

High School Students Have No Way of Knowing What Career to Choose. Why Do We Make Them Do It Anyway?

The Actually Helpful, Nuanced, Non-Bullshit Way to Choose a Future Career

Myers-Briggs Personalities and Income: What Your Type Says About Your Salary

I Just Applied for a Job. How (And When) Should I Follow Up?

Our Best Secrets for a Successful, Strategic, and SHORT Job Search

Season 2, Episode 11: “I Tripped and Fell into a Career I Don’t like. How Do I Reinvent Myself?”

Freelancing and side jobs:

Should Artists Ever Work for Free?

Stop Undervaluing Your Freelance Work, You Darling Fool

Romanticizing the Side Hustle: When 1 Job Isn’t Enough

The Ugly Truth About Unpaid Internships

Freelancer, Protect Thyself… With a Fair Contract

Ask the Bitches: My Boss Won’t Give Me a Contract and I’m Freaking Out

I Lost My Job and It Might Be the Best Worst Thing That’s Ever Happened to Me

Becoming a Millennial Entrepreneur (in the Midst of a Pandemic) with Katelyn Magnuson

11 Awful Mistakes I Made as a Self-Employed Freelancer, and How YOU Can Avoid Them

Workplace benefits:

Workplace Benefits and Other Cool Side Effects of Employment

Your School or Workplace Benefits Might Include Cool Free Stuff

Your Yearly Free Medical Care Checklist

Dafuq Is a Retirement Plan and Why Do You Need One?

How to Save for Retirement When You Make Less Than $30,000 a Year

Season 2, Episode 6: “Someone Offered to Mentor Me! How Do I Be a Non-Sucky Mentee?”

Navigating the workplace:

My Secret Weapon for Preparing for Awkward Boss Confrontations

Are You Working on the Next Fyre Festival?: Identifying a Toxic Workplace

Woke at Work: How to Inject Your Values into Your Boring, Lame-Ass Job

Can Looking Weird at Work Be Good for Your Career?

Why Is Short Hair Controversial? An Examination of Expensive, Annoying Beauty Standards

Season 1, Episode 1: “Should I Tell My Boss I’m Looking for Another Job?”

You WILL Regret Accepting Your Coworker’s Social Media Friend Request

Season 1, Episode 5: “I Don’t Love My Job, but It Pays Well. Should I Quit—or Tough It Out?”

Season 2, Episode 7: “How Do I Throw My Incompetent Coworkers under the Bus?”

Sexual Harassment: How to Identify and Fight It in the Workplace

Getting a raise:

Salary Range: Are You Asking for Enough?

A Millennial’s Guide to Growing Your Salary

The First Time I Asked for a Raise

You Need to Ask for a Fucking Raise

Should You Increase Your Salary or Decrease Your Spending?

Getting a promotion:

Santa Isn’t Coming and Neither Is Your Promotion: How To Get Promoted

How I Chessmastered Myself Into a Promotion at Work

Job Hopping vs. Career Loyalty by the Numbers

The Fascinating Results of Our Job Hopping vs. Career Loyalty Poll

I Hate My Job and I Don’t Know How To Leave It: A Confession

A New Job, a New Day, a New Life, and I’m Feeling Good

Season 1, Episode 9: “I’ve Given up on My Dream Career. Where Do I Go From Here?”

Working remotely

How to Successfully Work from Home Without Losing Your Goddamn Mind (Or Your Job)

How to Find Remote Work: On Getting the Elusive Work-From-Home Job

8 Genres of Productivity Music (Plus Our Secret Stash of Personal Favorites)

My 25 Secrets to Successfully Working from Home with ADHD

[geek-fashionista]

856

It’s the season of Thanksgiving, and before I get wrapped up in and carried away by life, I want to stop and acknowledge what God has been doing in my life for the past decade.

To recap:

In 2011, I went through a terrible breakup with the guy I’d been planning to marry, which derailed my entire future.

Two semesters later, I graduated with a degree in a field I didn’t want to pursue.

I spent the next three years at home, unemployed for all but four months of that time. Jobs were hard to come by. My self-esteem plummeted. I started having manic episodes. 

In 2015, I was accepted into graduate school in the field I loved.

In 2017, I graduated but still couldn’t find a job. I had another breakdown, during which God woke me up to the fact that I hadn’t been relying on Him.

In 2018, I got a part-time job and started saving for a trip to Seattle for novel research.

Six months later, I got a job interview for a school in Japan which flew me up to Seattle for free.

In 2019, I moved to Japan, a country I’d always wanted to visit, where my job paid well enough that I was able to throw most of my earnings into savings.

In 2020, when the pandemic hit, I remained employed full-time and didn’t take a pay cut. Japan did not lock down. I got stimulus checks from two countries, and I was able to travel all over the north with friends.

In March of this year, I finally left Japan with ten times the amount of savings most Americans have.

In April, I was able to buy a new car during the new car shortage.

In May, I felt God prompting me to move to Colorado to figure things out with my ex.

In July, I got offered a job in Colorado and had enough in my savings to move here and buy everything I needed.

Since August, I’ve been working full-time in a non-abusive job with insurance and a retirement plan.

In September, I got back together with my ex after eleven years of best friendship, transparency, and healing.

I’m not saying all this to brag about my own achievements, because ten years ago, I didn’t have a plan. I didn’t have hope. I had good intentions and crippling executive dysfunction. (I still do!)

But God. God knew, even as He told me to let my boyfriend and my future go, where I was going to end up. All I had to do was trust Him.

I have picked up a lot of trauma along the road, but I have done much. I have learned much. I have seen much. And now I am in a place that I am falling in love with, being loved unconditionally and healing with the person who hurt me the most. It’s not easy, and it’s not perfect.

But it makes one heck of a story. 

[mygoalseekj]

Types of Individual Retirement Account

IRA is an investment account with tax advantages for retirement. Anybody earning a wage, salary, or income can open an IRA account and enjoy the tax incentives. Additionally, unemployed spouses of salaried employees are eligible for an IRA. You can open an account through a personal broker, investment company, bank, or online broker. IRAs can be investments such as stocks, mutual funds, bank deposit accounts, or bonds. In 2022, the annual IRA contribution limit is $6,000 and $7,000 for individuals 50 years and above.

There are seven basic types of IRA. Read on to get the one that will give you the most financial advantages.

1. Roth IRA:

This individual account offers tax-saving growth and withdrawals for you to pay taxes before saving.

Key Features:

👉 Contributions are not deductible.

👉 Earnings and withdrawals in retirement are tax-free.

👉 The maximum contribution is $6,000 and $7,000 if you are 50+.

👉 Penalties and taxes only apply if you make withdrawals before retirement.

Suitable for: Individuals in a lower tax bracket who think they will be in a higher one in retirement.

2. Traditional IRA:

Traditional IRA is an individual retirement account that offers tax savings. It is the most popular retirement savings account.

Key Features:

👉 Contributions may be partially or fully deductible depending on your income and filing status.

👉 A tax break for a maximum of $6,000 or $7,000 if you are 50+.

👉 Earnings are not taxed as long as they are in the account.

👉 Withdrawals are taxable at the tax rate during a transaction.

Suitable for: Individuals in high tax bracket than they’ll be in the future and those without a work-based plan.

3. Non-deductible IRA:

It is a retirement plan made with contributions from after-tax income. In this plan, your contributions grow tax-free.

Key Features:

👉 Contributions are made from taxed income and are non-deductible.

👉 Taxes in retirement are on interests but not the principal amount.

Suitable for: Individuals who are not eligible for Roth and deductible IRA.

4. SEP IRA:

SEP stands for Simplified Employee Pension. This retirement plan is similar to a traditional IRA. However, in SEP IRA, contributions are made by the employer for the employee. Within SEP IRA, earnings are not taxable, but distributions during retirement are taxable.

Key Features:

👉 The employer should contribute an equal percentage to all employees.

👉 Contributions may vary every year, but employers to maintain an equal percentage for every employee.

👉 The employee must have worked with the employer for at least three in the last five years.

👉 The employee must have earned a minimum of $600 during the year of eligibility.

👉 Sole proprietors are eligible for SEP IRA contributions.

👉 Employees cannot contribute via salary deferral.

👉 In 2022, the annual contributions are the lesser of; $61,000 or a limit of 25% of employee compensation.

Suitable for: Small entrepreneurs who want; to avoid expenses of a retirement plan or a tax deduction on the contributions they make for employees.

5. SIMPLE IRA:

The Savings Incentive Match Plan for Employees is for self-employed and small companies. It is similar to 401k plan. Some SIMPLE IRA plans allow you to choose a financial institution to hold an account.

Key Features:

👉 Contribution limits for 2021 and 2022 are $13,500 and $14,000 respectively.

👉 Employers must make a 2% fixed contribution or a 3% matching contribution for each employee.

👉 Catch-up contributions are allowed if you are 50 and older (an additional $3,000).

👉Early withdrawals within the first two years attract a 25% penalty.

👉 To qualify for a SIMPLE IRA plan, an employee should have earned a minimum of $5,000 in any two years before the current one and should expect to make at least the same amount in the current year.

Suitable for: Companies with less than 100 employees or self-employed individuals.

6. Spousal IRA:

To be eligible for IRA, the Internal Revenue Service rules that one must be an income earner. However, there is an exception for married taxpayers; If one of the partners is not working, both of you can contribute to your separate IRA (Traditional or Roth).

Key Features:

👉 Contributions are the same as in Roth or traditional IRA.

👉 The account must be in the non-working spouse’s name, but either spouse can fund the account.

👉 The couple must have taxable compensation and file joint returns.

Suitable for: Non-working or low working spouses of working individuals

7. Self-directed IRA:

Self-directed IRAs are governed by the rules in Roth and traditional IRAs but without limitations on investments. In this plan, an individual can own hard assets, real estate, or private companies.

Key Features:

👉 You cannot set this retirement account without a custodian or trustee specializing in the investments you want to hold in the account.

👉 The plan has many prohibited transactions that may attract penalties and taxes.

👉 You cannot hold things like life insurance or collectibles in this account.

Suitable for: Investors who want to invest in other investments such as real estate.

Best Fit Retirement Plan: Investing in IRAs ensures that you have a retirement nest set aside, especially if your employer does not have a 401(k) plan for the employees. After reviewing the above features for each plan and the contributions to make, you know which plan is the best fit.