October 21st, 2011 
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We study. We attain a degree. We earn. We spend. We save. Not necessarily in that order but there comes a time when you think now what? Worries about life after retirement seep in. They begin first as glimpses and manifest into nightmares. Given the spendthrift nature of an average person in this contemporary world and the ever expanding needs of man, retirement plans are a force to be reckoned with. Once this thought occurs, cometh the Herculean task of choosing the right plan. Read more…
Archive for the ‘Financial Team’ Category
Roth Ira – the better choice
Tags: Roth IraLinks for 2011-10-23
Dave Altig and Patrick Higgins at the Federal Reserve Bank of Atlanta have raised their estimate of 2011:Q3 real GDP growth from 1.4% as of the beginning of September to 3.2% currently.
Enterprise Products Partners and Enbridge Inc. announced plans to build a new pipeline from oversupplied Cushing, Oklahoma to the Gulf Coast (hat tip: Jim Brown).
New York Combative Sports Bond
New York legislators have implemented a new bill concerning combative sports. The new bill, which is titled SB 2811, requires individuals conducting combative sports matches to acquire a surety bond to guarantee that they follow state regulations. The specific bond amount is not yet established.
After The Hype
Loic Le Meur has a great post up where he talks about what happens after the initial wave of hype wears off. He wrote it in response to some negative posts about G+ but the situation Loic describes is something we see in almost all of our portfolio companies.
The shiny new toy syndrome lasts a month or two at best these days and then the hot new app crowd moves on. In the wake of that you will have built a base of loyal users who will be a fraction of your total users. 30% is a good number. If you kept more than that, you are doing great. If you kept 10% or less, you’ve got serious problems. In between those numbers is where most entrepreneurs land after the hype is over.
The thing to do is focus on those who remain, service them incredibly well, and start building from there.
Tags: HypeAmerican Express offers free online job search tools
American Express may have found a way to create new customers by investing in tools that help young professionals find jobs. The credit card issuer released a statement to reporters this month, announcing partnerships with two online services that officials hope will assist 20-somethings with their employment searches. Both online initiatives are free and open to the public, and don’t require existing American Express cardmember status for participation.
AmEx career “bootcamps:” 10 days of success planning
In partnership with LearnVest, American Express launched a pair of online financial management “bootcamps” designed to help 20-somethings manage their money and their careers.
What you need to know about debt management for managing your debt
Today credit is a necessity. A person needs credit to be able to do almost everything, buying a car to a turning on an utility. Bad credit can be very expensive. This is why debt management is so necessary. Debt management is how you acquire and manage your debt so that you can afford it.
The key to debt management is realizing your finances. You must have a budget and you need to understand what you can and can not afford. Read more…
Tags: Debt ManagementWhere can America find more income and jobs?
In January 2008, ExxonMobil and Norway’s Statoil announced a promising discovery in the Julia Field in the Gulf of Mexico that may contain a billion barrels of oil. In October of that year, Exxon applied for a 5-year extension of the lease for time to develop a suitable development plan. To the company’s surprise, the U.S. Department of Interior denied the request in February 2009, and has continued to turn down subsequent appeals. The company has filed a lawsuit to have the decision overturned.
The Wall Street Journal reports:
Exxon’s lawsuit said the government has granted “thousands” of extensions over time.
Online, Local or National: Which Bank is Right for You?
Banking has come a long way from the single branch brick-and-mortar offices that used to be in every town and community. ATMs, online banking, and direct deposit are all innovations that old time banks could never have imagined. On one hand, the growth of national (and global) banks has opened up many opportunities for the average checking account holder. However, small local banks is still a solid option – it just depends on what you need from a bank. If you’re looking to open a new account, it can be tough to decide whether to work with an internet only bank, a small local operation, or a behemoth national bank. Here are some of the pros and cons of each type of institution:
With the popularity of such online banks as Ally Bank, internet-only banking can seem like the wave of the future. And