Search results “American contractors pension plan”
Retirement Pension - Retirement Pensions Explained
What are the retirement pensions – What is a retirement pension? http://www.RetireSharp.com 1-800-566-1002. What are the best type of retirement pensions for retirement and learn how you can avoid the most common mistakes that individuals have made when looking to purchase a retirement pension. Retirement Pension Plans According to the 2nd edition of the Encyclopedia of Business, "the term pension plan is now used to describe a variety of retirement programs that companies establish as a benefit for their employees-including 401(k), profit-sharing, simplified employee pension (SEP) and Keogh plans. In the past, however, pension plans were differentiated from other types of retirement plans in that employers were committed to providing a certain monetary level of benefits to employees upon retirement." In the United States, a retirement scheme such as an employee pension plan is sponsored by a company for their employees with varying levels of employer-employee percentage contribution. As an employee, you have some say and rights as to the type of pension plans you and your employer will invest in. Every detail of your arrangement is guided by the employer's policies and procedures. Basic retirement pension plans usually refer to a choice of annuities and life insurance policies which can be whole life or universal life. Many insurance companies have come up with variations of these two basic types to inject some innovative features to edge out their competitors such as affordable premiums, disability, pre-termination, early withdrawals and cash loans provisions. Some people have independent pension plans such as Keogh plans for small business owners and independent contractors. Even employees are still getting supplemental personal pension plans as a backup for their retirement savings. A personal pension plan for retirement usually involves investing in one or more types of life insurance or annuities. The amount you pay is invested and earns dividends or interest. You should be aware of the tax benefits you get under this program. Your investment will continue to grow and compound and whatever is the agreed terms and conditions are stipulated in the policy or investment document issued to you. They have also the traditional retirement pension plan with their ICICI Pru Immediate Annuity which is a plan that gives lifetime income. It enables you to begin receiving your income annuity after payment of premium. You can avail of this plan at the minimum age of 45 and the maximum age of 80. You can choose a one-time lump sum policy with 5 payout options and modes. The annuity amount will be based on the applicable rate at time of purchase which is guaranteed for life. Whether you are employed or self employed, there are a variety of retirement pension plans available to you. The earlier you plan the type of retirement service plan to sustain your lifestyle in your golden years, the better for you and your loved ones. When you start contributions at an early age, you can rest assured that if you handle your retirement investment well, it will grow and be sufficient when your reach retirement age. With the rise in inflation, longer lifespan, bigger health maintenance budget and the desire for financial independence, you will need to calculate exactly and accurately how much you will need to live joyfully and comfortably! Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: Retirement pension annuities Retirement pensions for income Retirement pension explained Retirement pension reviews Retirement pensions review What is the best fixed indexed retirement pension vs the top immediate income retirement pension annuity https://www.youtube.com/watch?v=HxVVEGXViNM
Views: 4063 retiresharp
Contractor Pensions
http://www.tarpon-uk.com/ 0845 643 1580 Info@tarpon-uk.com Contractor Pensions What is a pension? A pension is a long-term investment to provide a source of regular income when you retire. Contributions are made into a pension fund while you are working which will then give you regular payments once you have retired based on the amount you have contributed. A pension is one of the most cost effective ways of saving for retirement as the government gives you tax relief on contributions made. For example, a basic rate taxpayer can contribute £78 to their pension scheme; this is then "topped up" by the tax man meaning you actually have £100 contributed to your fund. Less than half of people are currently saving enough for when they retire and nearly a quarter of people are not saving at all. When you retire, you'll still have bills to pay and will also want a regular income so that you can enjoy and make the most of your retirement years. Why do I need one? A lot of people may think that retirement is a long way off for them, and so put off setting up a pension fund. But people are living longer meaning your retirement years could equal a third of your life, so the earlier you begin making contributions to a pension fund the better. The State Pension gives a basic income when you retire, but it is wise to set up a private pension as well so that you can live the lifestyle you want. Types of pensions • The Basic State Pension How much you get will depend on how much you have paid in National Insurance Contributions during your working life. • The Additional State Pension Depending on your individual circumstances, you may be entitled to additional State Pension. • Occupational Pension This is an arrangement that an employer may make to provide its employees with a pension when they retire. These are also known as work or company pensions. Most employers who run these schemes make contributions to the pension on top of the employee's contribution. • Stakeholder Pension This is an individual pension. The money you contribute is invested and can be moved to wherever you are working. There are a number of government requirements -- low minimum investments, capped fees and flexibility. • Personal Pension This is an individual pension which is likely to have higher minimum investments and fees than a stakeholder pension, but there will often be greater investment choice and flexibility. • Self Invested Personal Pension A Self Invested Personal Pension (SIPP) can allow you to take a much more active role in the investment of your pension pot. You may be able to choose from a range of fund managers and you could invest directly in property. You should always seek financial advice before making any decisions about how to invest for your pension. Employee benefits, contractor expenses, employment status, contractor tax, employment benefits, employee payroll, ltd co set up, ,simply names, set up ltd co, contractor payroll, umbrella service, umbrella co, HMRC contractor, HMRC umbrella, HMRC employed, Salary sacrifice, freelance work, freelance payroll, contractor mortgage, contractor pension, Contracting, payroll, Umbrella Payroll, IR35, advice, compliant, compliance, PAYE, employee management company, dispensation, Saving money in contracting, Consultant Technologies, IR35 solutions, Benefits of being a contractor, Contractor payments, good net pay in contracting. umbrella company tarpon payroll tarponltd ltd paye advice salary pay tax employee benefits agency contractor contracting
Views: 2518 TarponLtd
What are the tax Benefits for contractor pensions
Tony Harris from Contractor Financials answers the question what are the tax benefits of Contractor Pensions. 
To what the full length video from this interview please visit http://ukcontracting.co.uk/contractor-pension Tony Harris can be reached at http://contractorfinancials.com Connect with Uk Contracting 
Twitter: https://twitter.com/gregdickson/ Facebook: https://www.facebook.com/UKContracting Linkedin: http://www.linkedin.com/groups/UK-Contracting-Freelancing-4708632
Views: 8074 Contractor Guides
Merit Contractors Association Benefit Plan
Merit Contractors Association's benefit plan details are described in this video.
Views: 699 MeritAlberta
Solo 401k Retirement Plans for Sole Proprietors and Contractors
Safeguard Financial - http://www.IRA123.com/solo-401k/ - A Solo 401k plan is tailor-made for sole proprietors and independent contractors such as consultants and real estate agents. This type of plan possesses the ability to invest in almost anything and is the most tax-advantageous, self employed plan available with very high annual contribution limits. You can set up this plan even if you're employed at a full-time job. Talk to a Self Directed IRA Advisor at Safeguard Financial or visit www.IRA123.com
Views: 4272 ira123safeguard
Maryland's State Workers' Pension Fund Kicking Retirees Off of Medicaid, Paying Wall Street Millions
TYT Contributor David Sirota discusses Maryland's use of Wall Street private equity managers to handle state workers' pension funds. Go to https://www.TYTNetwork.com/Investigates for original reporting from The Young Turks. Like us on Facebook: https://goo.gl/d8nzTi Follow us on Twitter: https://goo.gl/NFPVKm
Views: 1337 TYT Investigates
Simplified Employee Pension Plan SEP
Tax and accounting professionals TaxZonePlus.com - YourStateScoiety.com
Views: 815 Teresa Huber
How to Use a QRP for Investing in Real Estate
Tactics & Tips on using a QRP (Qualified Retirement Plan) for investing in real estate. * Ready To Take Your Business To The Next Level While Protecting Your Assets From Frivolous Lawsuits? ~*~ Get Your FREE 30 min Consultation & Wealth Planning Blueprint NOW https://AndersonAdvisors.com/youtube-register-strategy-session Check out https://AndersonAdvisors.com for financial strategies and details on upcoming workshops. 800.706.4741 ccoons@AndersonAdvisors.com https://AndersonAdvisors.com Twitter: @Clint_Coons Blog: https://ClintCoons.wordpress.com The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
How to Retire: Plan Your Retirement with a Defined Benefit Pension Plan
This video will give you an example of how to calculate your monthly income from your defined benefit pension plan if the company offers a 2% fixed benefit multiplier, and the employee retires after 30 years of service with a $40,000 earnings average or final average salary (Multiplier x Years of service x Average earnings) / 12. It will also give you a couple of tips to consider to get the most out of your plan.
Views: 363 MzWinnie11
Beneco—Pension 401k Retirement
Beneco is a nationwide leader in providing solutions for contractors throughout the US who perform projects that are subject to the Davis-Bacon Act, service contract, and/or state prevailing wage laws.
Views: 249 Ryan Amshoff
Retirement Planning For The Self-Employed !
Recent studies show that most self-employed Americans are saving little, if anything, for retirement. Why? Excuses include a lack of steady income, paying off major debt, healthcare, education, and business expenses. But when the future depends on you, making an investment in yourself is worth it. The retirement saving options most preferred by self-employed workers are solo 401(k)s, SEP IRAs and SIMPLE IRAs. The solo or individual 401(k) is like a traditional 401(k), but it’s for sole business proprietors with no employees other than a spouse who works for the business. It permits contributions as both the employee and employer, which means higher limits than many savings plans. In 2014, the employer could save $17,500; or $23,000 if over 50 years old, plus an additional 25% of net income up to a maximum of $52,000; or $57,500 if over 50. A simplified employee pension, or SEP IRA, suits individuals and businesses with employees. A SEP IRA can be opened at just about any bank or brokerage. The business owner can contribute up to 25% of each employee’s income, up to $52,000. When making a contribution, the owner must contribute for every employee. Since employees do not make contributions, the plan is most popular with one-person businesses. Savings incentive match plan for employees, or SIMPLE IRAs, are like SEP IRAs, but the employees can make contributions. The employer must contribute dollar-for-dollar up to 3% of each eligible employee’s contribution, and 2% for those who don’t contribute. In 2014, contribution limits of $12,000 -- $14,500 if over 50 -- and the matching requirement made SIMPLEs best for those with no employees and incomes of less than $45,000. Read more: Retirement Planning For The Self-Employed - Video | Investopedia http://www.investopedia.com/video/play/retirement-planning-selfemployed/#ixzz3tNDhtOTG Follow us: Investopedia on Facebook
Views: 5550 Investopedia
AGC: Working to Help Multi-Employer Pensions
AGC Director of Congressional Relations, James Young, talks about a series of pension reforms released today by the National Coordinating Committee for Multi-Employer Plans that are designed to protect plans that many member firms pay into. AGC played a key role in crafting the Committee's recommendations.
Views: 157 AGCofAmerica
How does IR35 affect Contractor Pensions?
Tony Harris from Contractor Financials tells us how IR35 affects your contractor pension 
To what the full length video from this interview please visit http://ukcontracting.co.uk/contractor-pension Tony Harris can be reached at http://contractorfinancials.com Connect with Uk Contracting 
Twitter: https://twitter.com/gregdickson/ Facebook: https://www.facebook.com/UKContracting Linkedin: http://www.linkedin.com/groups/UK-Contracting-Freelancing-4708632
Views: 9600 Contractor Guides
MCA's Monthly Residual Income Retirement Plan! JUST 3 SHALL SET YOU FREE!
Views: 912 Cherissa Parra
CA Lawmakers Threaten To Pull Pensions From Contractors If They Bid On Border Wall - Watters' World
CA Lawmakers Threaten To Pull Pensions From Contractors If They Bid On Border Wall - Watters' World ==============================­=========­=­=== **Please Click Below to SUBSCRIBE for More "Mass Tea Party" Videos: http://goo.gl/Z5ShLs ==============================­=========­=­===
Mitigating the Risk of Underfunded Pension Plan Withdrawal Liability
Douglas A. Darch, a partner of Baker & McKenzie LLP's Labor & Employment Practice, discusses the withdrawal liability embedded in multi-employer pension plans, the threat withdrawal liability poses to financial well-being, and the steps you can take to mitigate risk.
Views: 194 ISBAlawyer
China Prepares, Portugal Pension Theft, Gingrich's Geoengineering Plan
In the geo-political arena, China is preparing its Navy for war while Iran is reportedly positioning its long-range missiles for attack. In other news, UK Prime Minister David Cameron has announced that everyone will be a research patient under plans to share all NHS health records with private healthcare firms. More than a year after the Gulf oil spill, BP has accused Halliburton of intentionally destroying records that held damaging evidence about the blast that initiated the massive oil leak. Facing re-election in 2012, Obama has lost much of the support he enjoyed in 2008 from top Hollywood celebrities, while former President Bill Clinton has been accused of receiving $50,000 per month from the now-defunct MF Global for image & advisory work he did through a firm called Teneo. While former MF Global CEO awaits testimony before Congress, Portugal has announced that it will seize some 5.6 billion euro from state employee pension funds to meet budget shortfalls. Alex will also discuss accusation from a long-time Internet software guru that Facebook IS used for mass surveillance.
Views: 38138 The Alex Jones Channel
Free Solo 401k plan for self employed or 1099 contractors
visit http://sanjivcpa.com to learn more about 401k plan and tax deductions. In this video, we cover how you can open up a FREE 401k plan and how you save up for your retirement while reducing taxes for this year.
Views: 5050 Sanjiv Gupta
What is the best strategy for investing Contractor Pensions?
Tony Harris from Contractor Financials tells us how some of his suggestions in best way to invest your contractor pensions 
To watch the full length video from this interview please visit http://ukcontracting.co.uk/contractor-pension Tony Harris can be reached at http://contractorfinancials.com Connect with Uk Contracting 
Twitter: https://twitter.com/gregdickson/ Facebook: https://www.facebook.com/UKContracting Linkedin: http://www.linkedin.com/groups/UK-Contracting-Freelancing-4708632
Views: 5589 Contractor Guides
Toronto Mortgage Professional reveals 3 ways to supplement your pension plan
Ok, today we are going to talk about your retirement plan and how to make sure you have enough in savings to retire the way you want. Even if your employer offers a pension plan, it may not provide all the retirement income you’re hoping for. But there are ways to supplement a less-than-adequate pension. Here are 3 ways to supplement your pension plan. If you're looking for a top-notch mortgage professional in Oakville, call us at 866-492-4024 ext. 4 or visit www.thinkmortgage.ca.
Keoghs A Keogh plan is used by sole proprietors who show their income and expenses on Schedule C of their 1040 tax return. Although Keoghs also can be set up by partnerships and Subchapter S corporations, I'll focus on sole proprietors here. One of the key benefits to having a Keogh plan is the ability to save lots of money on a tax-deferred basis. If you're self-employed and net $50,000 after expenses, you can only save $2,000 in a tax-deferred Individual Retirement Account. However if you establish a Keogh plan, you can save more like $10,000 depending on how you set up your Keogh. There are various types of Keoghs which have tradeoffs between the maximum amount you can save and the flexibility of the program. More savings potential means less flexibility. Check on your Keogh plan's health And what should you do if you work for a small business that provides you with retirement benefits through a Keogh plan? To ensure that the plan remains a qualified plan your employer must make certain disclosures to you regarding any retirement benefits you may be eligible for. You can check on the assets in the plan by looking at the summary annual report, which must be given to you each year. This form outlines the plan's assets and where the money is invested. If you want more details, ask to see the plan's IRS Form 5500. You might want to ensure that the plan administrator isn't using the plan as a private piggy bank. The IRS has strict rules designed to prevent plan administrators from using plan assets for their personal benefit. A classic example is having the plan loan money to the business when the business faces a cash crunch. IRS and Department of Labor audits help prevent these things from happening in large pension plans, and all plans with more than 100 employees must be audited by third parties. But it's impossible for the government to check on the hundreds of thousands of small plans out there. To a large extent, you have to do the checking yourself. You don't have to come across as an investigative reporter, but maybe you should ask your boss about the pension plan. Just by letting your boss know that you're keeping an eye on the plan you'll discourage her from thinking about misusing the funds. Copyright 1997 by David Luhman http://moneyhop.com/scripts/retirement-planning/090-keoghs
Views: 985 MoneyHop.com
Best Retirement Plans for Small Business Owners (GoodFinancialCents.com)
http://www.goodfinancialcents.com/best-retirement-plan-for-small-businesses/ Are you a business owner that is finally starting to see some profits? You have been slugging away for several years and now you are finally in the black and you want to start thinking about retirement. You know that you need to save, but as a business owner you have a plethora of different retirement plan options that as an individual you didn't. If you are confused and bewildered and not sure what direction to go, I completely understand. I was in the exact same situation as you. I was a W2 employee, and then when I became a small business owner I now had many different options that I could choose from and initially it was overwhelming. It was easier doing it for the client, but now that I was actually on the business owner's side of things, the 1099 independent contractor side of things, I now wanted to make sure that I was doing the best retirement plan for me. If you are looking to see what retirement plan is best for you, here are a few options to consider: 1. A traditional or Roth IRA. Now I am sure you are probably wondering, "Well Jeff, I could do that when I was an individual. What is the benefit for me doing it as a business owner?" Well here's the thing; the beauty of doing a traditional or Roth IRA, if you are not putting money in those plans at all, and maybe you are profitable but you are not as profitable as you would like to be, under the age of 50 and under you can still put in $5,000 on either the traditional or Roth IRA. At least that is a good starting point. Now, if you can put in more than that 5,000 then we'll start looking at the other options coming up. 2. A simple IRA. The name is a little bit misleading because to me it is not quite that simple. Here is the general gist: You're able to put in up to $11,500 per year into the simple IRA. Over the age of 50 is allowed a $2,500 catch up. But if you have employees, here is where it gets a little bit trickier. To make it simple, just know that you're going to have to put in about 3% of your employees' wages as an employer contribution. That is how much, as a business owner, you're going to be out for each employee. There are certain rules that say you can dip below that 3% over a 2-out-of-the-5-year period, but I don't want to muddy the waters too much. Just know that for the most part you're going to have to put in about 3% of your employees' salary to be able to contribute the 3% for yourself as well. Now that might sound a little bit confusing and it kind of is, but if you go to the blog and do a Google search for "simple IRA rules", you'll find out more about the simple IRA and see if that applies to you.
Views: 5548 Jeff Rose
Contractors Making Bank Kenneling Migrant Kids
Read the full story here: https://tytnetwork.com/2018/05/28/trump-administration-using-contractors-accused-of-abuse-to-detain-undocumented-children/ TYT’s own Alex Kotch broke this story at TYT Investigates. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, discuss. To get even more TYT in your life, go to https://TYT.com/app and download our free app! "The U.S. government has paid at least four private companies that have been accused of physical or sexual abuse, or discrimination, to help transport or house undocumented children from Central and South America, federal contracts show. One case was fatal. Recent policy changes and statements by the administration have brought the government’s handling of these children into sharp focus. On Saturday, President Trump erroneously tweeted, “Put pressure on the Democrats to end the horrible law that separates children from there [sic] parents once they cross the Border.” It was not immediately clear to which law President Trump was referring, but on May 7, Attorney General Jeff Sessions announced a new prosecution policy that could lead to the separation of virtually all undocumented families arriving with children. “If you cross the border unlawfully, even a first offense, we’re going to prosecute you,” Sessions said. “If you’re smuggling a child, we’re going to prosecute you, and that child will be separated from you, probably, as required by law.””* Hosts: Cenk Uygur, Ana Kasparian Cast: Cenk Uygur, Ana Kasparian *** The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. http://www.tytnetwork.com/live Subscribe to The Young Turks on YouTube: http://www.youtube.com/subscription_center?add_user=theyoungturks Like The Young Turks on Facebook: http://facebook.com/theyoungturks Follow The Young Turks on Twitter: http://twitter.com/theyoungturks Buy TYT Merch: http://www.shoptyt.com Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at http://www.tytnetwork.com/join/. Your membership supports the day to day operations and is vital for our continued success and growth. Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
Views: 28116 The Young Turks
Self Employed Retirement Plans - Best Self Employed Retirement Plans
What are self employed retirement plans – What is a self employed retirement plan? 1-800-566-1002 http://www.RetireSharp.com. What are the best types of self employed retirement plans and learn how you can avoid the most common mistakes that individuals have made when looking to set up a self employed retirement plan. Benefits You Can Avail From Self Employed Retirement Plans Over the past few years, many companies all over the world have shed millions of jobs, affecting the economy. Others opted for self employment since the competition for landing a job has become tougher. In addition to that, self employed retirement plans has also started to become a trend for many individuals. One of the benefits of self employment is that you are your own boss and there are no subordinates to pull you down. You earn exactly what you worked for without the hassle of being under someone else. One of the most common self employed retirement plans include solo 401k plans. It is the newest among the most commonly used retirement funds. If you are under the age of 50, the contribution limit is $16,500 and $22,000 for those aged 50 or over. The tax benefits are better compared to SEP because the contributions that you will make are not restricted to a certain percentage of your pay. Another great deal with 401(k) plans is that you can contribute 20% of your earnings as an additional contribution. Another option for retirement funds is the simple IRA retirement plan. IRA stands for individual retirement account. $5,000 is the maximum contribution for those aged under 50, and $6,000 for those aged 50 and over. It is best that neither you nor your spouse (if you have one) is covered by another retirement fund such as 401(k) to avoid limitations in tax deductions and other conflicting issues. SEP IRA plans or simplified employee pension IRA is an upgraded version of the simple IRA, where you can contribute from 20 percent of your net earnings up to a maximum of $49,000. Nowadays, the SEP IRA is the most common type of retirement plan being used by self employed individuals. This type of plan does not require a mandatory contribution. For one year, you may choose to contribute the full amount or half or any desired amount for the succeeding year. One of the benefits of using the SEP IRA is that it is very easy to create an account and maintain it. The deadline for funding your account is the same as the deadline for filing your income tax returns which makes it convenient for all users. A disadvantage for this though is that loans are not permitted. With the Roth IRA retirement plan, there is no income tax deduction and the growth of your investment is tax free. It is the exact opposite of a traditional IRA plan where contributions have an income tax deduction and the money you take out in retirement is taxed. Other self employed retirement plans that are more expensive and difficult to maintain include the Defined benefit plan. The annual funding requirements are very rigid even though loans are permitted in this type of retirement fund. The annual contributions for this type of account can reach up to $100,000 or more, depending on the age and the average income of the owner. For more information about the various retirement plans for self employed individuals, there are many websites that let you use free retirement planning tools to get you started. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: self employed retirement plans annuities Self employed retirement plans for income Self employed retirement plans explained Self employed retirement plan reviews Self employed retirement plans review What is the best fixed indexed annuity for self employed retirement plans vs the best tax free income self employed retirement plan https://www.youtube.com/watch?v=URjGZoGKSwY
Views: 4396 retiresharp
Jesse Watters : CA Law Makers Threaten To Pull Pensions From Contractors If They Bid On Border Wall
Companies BIDDING to construct the proposed massive border wall between the United States and Mexico might have a financial problem in California. Three of the state’s Democratic lawmakers are threatening to divest from firms who work on the wall — just a few days after early PLANS for the highly contested structure were revealed. “Californians build bridges not walls,” Assemblyman Phil Ting said in a statement to local media. “This is a wall of shame, and we don’t want any part of it. Immigrant stories are the history of America, and this is a nightmare.” Ting and two California assembly colleagues are sponsoring a bill that force two of the state’s pension funds to liquidate investments in any companies working on the project, according to the Mercury News. The funds, California Public Employee Retirement System and California State TEACHERS Retirement System, have a combined $500 billion worth of investments, according to the newspaper, making them two of the largest in the country. The law would also require the funds to report a list of the companies it invests in, according to the Mercury News.
A True Pension Plan For Business Owners: Jean-Pierre Laporte | Tea At Taxevity #72
http://www.taxevity.com/tea | If you're a business owner in Canada, would you like a true pension plan? Maybe it's time to upgrade from your RRSP. Learn more from Jean-Pierre Laporte in Tea At Taxevity #72. Interview content: 0:47 What is a true pension plan? 1:22 RRSP limit for 2015 is $24,930 at $140,000 of earned income 2:04 Two ways to put aside more than an RRSP allows: 2:51 Comparing the contribution limits 3:25 Why the defined contribution (DC) limit is always higher than the RRSP limit 3:59 The contribution limits for a defined benefit (DB) plan 5:16 Why does an Individual Pension Plan (IPP) allow high limits 6:20 Are IPP contributions tax-deductible? Other tax benefits. 7:39 The ideal candidate for an IPP 7:59 Can a self-employed or salaried employee have an IPP? 9:31 Drawbacks of an IPP 12:04 The Personal Pension Plan (PPP): fixing the IPP by combining a DB plan and a DC plan 13:55 Where the idea for the PPP arose 14:35 What the government says about the PPP 15:10 The additional voluntary contribution sub-account 16:17 Creditor protection (unlike most RRSPs) 17:22 Tax deductions for investment management fees (unlike an RRSP) 18:33 Why didn't someone else invent the PPP? 20:43 Approval by CRA (Canada Revenue Agency) and FSCO (Financial Services Commission of Ontario) 21:17 Who manages the assets? 22:00 How to get a PPP 22:47 What could go wrong with a PPP? 25:01 What happens if investment returns are poor? 26:14 What if the government changes the rules? 27:12 The fees 28:28 The key message For more details, read "Self-employed? Here's a pension for you, too" in The Globe and Mail at https://t.co/py2RyJ1oVS Our guest is Jean-Pierre Laporte. You'll find more details by visiting - LinkedIn: http://bit.ly/TATjp - website: https://www.integris-mgt.com - Twitter: https://twitter.com/IntegrisMgt Tea At Taxevity brings you insights from insiders who make life better. The diverse interviews are recorded live in West Toronto and feature LinkedIn connections of your Taxevity team. Your host is actuary Promod Sharma (http://www.linkedin.com/in/promod). SUBSCRIBE TO GET MORE VIDEOS http://www.youtube.com/subscription_center?add_user=taxevity CONNECT TO STAY IN TOUCH Google+ ► http://bit.ly/taxevityG Facebook ► https://www.facebook.com/taxevity Twitter ► http://twitter.com/taxevity Linkedin ► https://www.linkedin.com/company/taxevity Taxevity ► http://taxevity.com SCHEDULE YOUR APPOINTMENT http://www.taxevity.com/appointment
Views: 795 Taxevity Insurance
Benefits of Contracting
NET 85% OF YOUR INCOME: http://www.tarpon-uk.com/contractor-salary-calculator/ 0845 643 1580 Tarpon Contractors/ Freelancers/ Consultants Before we go any further, perhaps we should say something about our own reputation? We're an employment benefits company known for making contracting substantially more rewarding. We're renowned both for our tax expertise and for providing contractors with their own personal business managers. By signing up with us, contractors are given the status of employees. This comes with numerous benefits. Not the least of which is that they can′t be challenged under IR35 rules. They also receive a regular salary; they enjoy the ability to claim 100% of business expenses tax-free, often without receipts (all HM Revenue & Customs-approved); they′re given a P60 at the end of the year; they can draw holiday and sick pay; and they may not need to fill in a tax return. Most vital for you, though, is the following fact: As far as HMRC are concerned, the buck stops with us. Not with you. Nor with your contractors. Your reputation, in other words, is safe with us. Business Expenses Claim back business expenses such as travel, accommodation, food and much more with our unique HMRC approved expenses policy. Tarpon will maximise your income, keep you legal and streamline all your admin. Tax. IR35. Confused about the implications? Or just confused about what it is? Leave it all to us. We're specialists in both tax and IR35 and can give you impartial, straightforward advice on both. With Tarpon, you'll have your own personal business manager to keep you tax-efficient and to reclaim up to 100% of your business expenses, tax-free. (Your business manager will even call you at a convenient time to take down the details of those expenses, which means you won't need to do this online each week.) And to ensure you maximise your tax and national insurance savings we also offer a childcare voucher scheme and a personal pension through salary sacrifice. If the taxman comes knocking, it won′t be on your door. As far as HM Revenue & Customs are concerned, the buck stops with us, not with our contractors. So, unlike some umbrella companies, we don′t need to provide legal fees to cover possible investigations. We′ll keep you IR35-compliant, supply you with a P60 and employ an expenses policy approved by HMRC themselves. https://www.tarpon-uk.com/employee-benefits/tax-expertise/?WT.mc_id=ON_V_YouTubeTop20 Benefits that Tarpon members enjoy: Get £25.00 for every night that you stay on a friends sofa You dont need receipts to claim lunch expenses Get back your travel expenses, tax-free. Get £20m indemnity cover, free. Get paid on time, everytime. Dont pay more tax than you have to. Employment benefits company. Tarpon have revolutionized the industry by being the first company to introduce an exclusive employment benefits package for contractors, coupled with, an over-arching employment contract that will ensure you remain IR35 and MSC compliant at all times. We pride ourselves with our unrivalled quality service through personal business managers who will make sure that you don't have to worry about any administration, tax returns or expensive accountants. We'll also give you £20million worth of professional insurances for total peace of mind. Calculate your salary: https://www.tarpon-uk.com/contractor-salary-calculator/?WT.mc_id=ON_V_YouTubeTop20 Tags Benefits Of Contracting Tax Advice Contractors Umbrella Company IT Contractor Payroll ir35 compliant tarpon tarpon-uk contractor hmrc compliance salary calculator
Views: 802 TarponLtd
Hearing on "Examining Reforms to Modernize the Multiemployer Pension System."
SUBCOMMITTEE ON HEALTH, EMPLOYMENT, LABOR, AND PENSIONS hearing originally scheduled at 1:00 p.m. will begin at 2:00 p.m. in room 2175 Rayburn House Office Building. Hearing on "Examining Reforms to Modernize the Multiemployer Pension System." Witnesses to be announced.
'Omnibus' spending bill leads to pension cut
AARP is asking that you check your pension plan after the so-called "omnibus" spending bill was signed into law last week. That's because the $1.1 trillion plan that was passed to prevent another government shutdown could mean some big changes: Roughly 100,000 New Yorkers could see their monthly checks slashed by more than 65 percent. "There was no opportunity to debate this provision. There was no opportunity to have hearings or hear from those who were going to be affected," AARP New York spokesperson Erik Kriss. Kriss says the cuts would be made to multi-employer pensions. "That's for the employee who worked for more than one employer. So as you can imagine a lot of union workers wind up working for different contractors over the course of a year," Kriss said. "It's not the typical employee who works for the same company for many, many years." The plans affected are ones the Federal Department of Labor has already said are running out of money. AARP says these pensions could be cut by as much as two thirds. That means the average monthly pension of about $558 would be slashed down to less than $200 dollars and the average yearly retirement income of $22,500 would be cut down to just under $18,000. "That's over a 20 percent cut. And $22,500 is not a lot to live on these days in the first place. It's a very modest retirement income. To cut 20 percent off of that, people are going to be struggling," Kriss said. Kriss says what's done is done but he's concerned that the affects of this legislation could lead to a slippery slope. "Our concern is that now that there is a precedent for being able to go in and reduce benefits of earned guaranteed pensions with this group, who's to say it won't happen with another group?" Kriss said. The people affected by these cuts are not state workers and not union members who worked for the same company for years and years. The people who may need to be concerned are union members who had several employers in the private sector. If you think you may be affected officials suggest to check with your pension plan.
Views: 263 CBS6 Albany
CWA District 4 2020 Vision
Randall Stephenson of AT&T announced several years ago his plan for employees in 2020. Members of CWA District 4 during 2018 Midwest Bargaining reveal their plans for 2020. Randall promises 7,000 hard hat jobs for every billion dollars invested with the new tax cuts. He tells his employees to prepare by obtaining degrees such as computer science courses. Our question to Randall, will contractors or off shore call center workers need those same degrees for those 7,000 jobs? CWA members have built AT&T into the successful company that it is today. AT&T reports additional earnings of 7 billion through the new corporate tax cuts. This brings the most recent earnings report posted and now up to 20 billion. I think the company can reward its employees by giving them access to jobs of the future and affordable healthcare along with solid pension plans! Invest in your employees Mr Stephenson, and invest in the communities those employees live in. You talk about corporate investment in America. Put those words to action and help our communities and families thrive.
Views: 192 cwa4900d2
KBR Seeks Sub-Contractors to Run FEMA Camps 2/3
KBR seeks sub-contractors to outfit "emergency environment" centers Paul Joseph Watson http://www.infowars.com/ http://www.prisonplanet.tv/ Wednesday, December 7, 2011 The revelation that Halliburton subsidiary KBR is seeking sub-contractors to staff and outfit "emergency environment" camps located in five regions of the United States follows preparations over the last three years to deal with riots inside the United States that have already spread throughout Europe, North Africa and the Middle East. As Infowars reported last night, a document sent to us by a state government employee confirms that Kellogg Brown & Root Services are looking to activate camps built for FEMA and the U.S. Army Corps of Engineers across the United States. This follows the Senate's passage of Section 1031 of the National Defense Authorization Act which allows American citizens to be snatched off the street and held in detention camps without trial. In 2006, KBR was contracted by Homeland Security to build detention centers designed to deal with "an emergency influx of immigrants into the U.S," or the rapid development of unspecified "new programs" that would require large numbers of people to be interned. Since 2006, the world has been beset by riots and civil unrest as a result of the fallout from the economic collapse. From the United Kingdom, to continental Europe, to the Middle East and North Africa, almost every corner of the globe has experienced social dislocation. Now U.S. authorities are preparing for such eventualities on home soil, with major police departments like the NYPD staging "mobilization exercises" to train police to prepare for civil disorder in the United States. Warnings and preparation for civil unrest coming to the United States have been voiced on a regular basis. Back in 2008, U.S. troops returning from Iraq were earmarked for "homeland patrols" with one of their roles including helping with "civil unrest and crowd control". In December 2008, the Washington Post reported on plans to station 20,000 more U.S. troops inside America for purposes of "domestic security" from September 2011 onwards, an expansion of Northcom's militarization of the country in preparation for potential civil unrest following a total economic collapse or a mass terror attack. A report produced that same year by the U.S. Army War College's Strategic Institute warned that the United States may experience massive civil unrest in the wake of a series of crises which it termed "strategic shock." "Widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security," stated the report, authored by [Ret.] Lt. Col. Nathan Freir, adding that the military may be needed to quell "purposeful domestic resistance". The United States has continuity of government plans in place should martial law be declared by the President. However, the details of those plans have been so tightly guarded that even Congressman and Homeland Security Committee member Peter DeFazio (D -- OR), who has the necessary security clearance, was denied access to view the material when he requested to do so back in July 2007. Under the terms of the the National Emergency Centers Act or HR 645, first introduced in January 2009 and still awaiting passage, emergency camps are to be made available to "meet other appropriate needs, as determined by the Secretary of Homeland Security," an open ended mandate which many fear could mean the forced detention of American citizens in the event of widespread rioting after a national emergency or total economic collapse. With many Americans now becoming "pre-revolutionary" as a result of their fury at the Obama administration and equally unpopular lawmakers in Washington, potential civil unrest could spring not just from a poverty-stricken underclass, but also the shrinking middle class. Indeed, top elitist Zbigniew Brzezinski warned earlier this year that middle class unrest caused by economic disenfranchisement would soon hit America. Perhaps that's why the Department of Homeland Security is increasingly focusing its anti-terror apparatus on white middle class Americans, portraying them as domestic terrorists in a series of PSA videos. In addition, 'Occupy' protesters are also now being characterized as terrorists. The fact that detention camps have been constructed inside America and are now being staffed and readied for "emergency" situations can no longer be ignored or ridiculed as a conspiracy theory. Kellogg Brown & Root need to be completely transparent and explain where the camps are located, what they contain, and during what type of "emergencies" are they planned to be used for. http://www.infowars.com/detention-camp-order-follows-preparations-for-civil-unrest/
Views: 11015 The Alex Jones Channel
Meet deadlines - Chandrababu to Rayalseema Project Contractors - TV9
Meet deadlines - Chandrababu to Rayalseema Project Contractors ► Download Tv9 Android App: http://goo.gl/T1ZHNJ ► Subscribe to Tv9 Telugu Live: https://goo.gl/lAjMru ► Circle us on G+: https://plus.google.com/+tv9 ► Like us on Facebook: https://www.facebook.com/tv9telugu ► Follow us on Twitter: https://twitter.com/Tv9Telugu ► Pin us on Pinterest: https://www.pinterest.com/Tv9telugu
Views: 718 TV9 Telugu
Private Pensions – the no-nonsense 90 second tour
Fewer women save into a private pension than men. If you’re in your early 40s, you can get going with just £1 a day – and that could add up to about £20 grand by the time you retire. Check out this straight-talking video for tips. Visit our special website - https://help.boringmoney.co.uk/ladieslosingout/
Views: 21407 Boring Money
Asm. Ciattarelli Proposes New Pension Plan
Assemblyman Jack Ciattarelli says that he has a solution to the state's pension problem, by proposing his own pension plan. Don’t forget to SUBSCRIBE for daily videos: http://bit.ly/1ERsYqw **More info & videos below** For full episodes, check out http://www.njtvnews.org/ Facebook: http://www.facebook.com/njtvonline/ Twitter: http://www.twitter.com/njtvnews/ ----------------- NJTV News with Mary Alice Williams is a week-nightly news program on NJTV covering local New Jersey news as well as a multi-platform, local information source for New Jersey. Be sure to share with us your story ideas, feedback and tips about news in your neighborhood here: http://bit.ly/1GnSEtn NJTV News with Mary Alice Williams airs every weeknight at 6, 7:30 and 11 p.m. ET on NJTV.
Views: 31 NJTV News
5 Investigates exposes insider deal boosting official’s pay, pension
The insider deal was quietly handed to a connected official which gave him a big pay hike and an even bigger boost to his pension. Subscribe to WCVB on YouTube for more: http://bit.ly/2526UpS Get more Boston news: http://www.wcvb.com Like us: https://www.facebook.com/wcvb5 Follow us: https://twitter.com/WCVB Google+: https://plus.google.com/+wcvb
Views: 10907 WCVB Channel 5 Boston
Dharma Yogi Full Movie - 2018 Telugu Full Movies - Dhanush, Trisha, Anupama Parameswaran
Watch Dharma Yogi Full Movie. Starring : Dhanush, Trisha, Anupama Parameswaran, SA Chandrasekhar, Saranya Ponvannan, Kaali Venkat, Singamuthu, Namo Narayana, G Marimuthu. Director: R. S. Durai Senthilkumar. Producer:Vetri Maaran, Grass Root Film Company. Music:Santhosh Narayanan. Subscribe Now: https://www.youtube.com/BhavaniHDMovies Like us on Facebook: https://www.facebook.com/BhavaniHDMovies Follow us on Twitter: https://twitter.com/BhavaniHDMovies Follow us on Instagram: https://www.instagram.com/bhavanihdmovies Follow us on Google+: https://plus.google.com/u/0/+BhavaniHDMovies
Views: 2494496 Bhavani HD Movies
government contractors win more projects and increase profits with bona fide benefits!
Are you a contractor that works with State, Federal, or local government projects that require prevailing wage with Davis Bacon or Service Contract Act requirements? Learn how to better manage prevailing wages compliantly, that enable you to operate more cost efficiently to win more public construction bids and improve your profit margin.
Views: 329 swalsh1313
Obama Promotes "MyRA" Retirement Plan At U.S. Steel
Speaking in West Mifflin, Pennsylvania at U.S. Steel, President Obama spells out the details for the "MyRA" retirement savings plan. "And we're calling it "MyRA." Not IRA -- MyRA. And what it is, it's a new type of savings bond that we can set up without legislation that encourages Americans to begin to build a nest egg. And it's simple. Workers can contribute through automatic deductions in their paychecks, just like those of you who have an employer-sponsored pension fund can do. They can keep the same account even if they change jobs, so they can carry it over. It's safe. These account balances will never go down in value. They're backed by the full faith and credit of the United States government. And it's affordable. So you can open an account with as little as $25. You can contribute as little as $5 at a time. But what that means is for those of you who don't have a 401(k) on the job, don't have a pension on the job, don't have a mechanism to start saving -- especially younger workers -- you can get started now. And in an emergency, you can withdraw contributions without paying a penalty. So it's a pretty good deal. (Applause.) And what I'm hoping is that working Americans will take a look, because I want more people to have the chance to save for retirement through their hard work. And this is just one step that we can take to help more people do that. "
Views: 1022 Michael McIntee
Free & Fast-Growing General Contractor Directory?
http://www.Contractor-Center.com is a FREE General Contractor Directory for American Contractors. www.Contractor-Center.ca is the version for local contractors in Canada.
Views: 256 contractorcenter
DSC Registration for PWD Contractor and PWD eTender l Hindi l Suraj Laghe
Digital signature certificate DSC is needed for PWD Contractor for applying PWD E tenders. #dscpwd require some documents which are discussed in this video. I hope as PWD Contractor this video will help you to get DSC for PWD eTender. Thank you so much for your love and support. ►Like Us on Facebook https://www.facebook.com/surajlaghe ►Follow us on Twitter https://twitter.com/surajlaghe ►Follow us on Instagram https://www.instagram.com/surajlaghe ►Follow us on Google+ https://plus.google.com/+SurajLaghe
Views: 1997 Suraj Laghe
"The Pension Benefit Guaranty Corporation May Not Be Able to Pay All Benefits!"
The Pension Benefit Guaranty Corporation's (PBGC) single- and multi-employer insurance programs insure the pension benefits of 44 million participants in more than 29,000 private defined benefit (DB) plans. GAO designated the single-employer program as a high risk area in July 2003 because of concern about the program's long-term net financial position. Other issues also contribute to the programs' being on the high-risk list: estimated underfunding of financially weak firms by about $161 billion — a figure that may worsen because of the financial crisis and recession; exposure of insurance programs to the threat of terminations of large underfunded plans sponsored by financially weak firms, particularly automobile industry plans; monitoring of changes in funding rules and premiums being phased in according to provisions in the Pension Protection Act of 2006 (PPA), and subsequent measures that have granted funding relief to DB sponsors; and governance and program management challenges.
Views: 240 cfini72
What is the Best Retirement Plan for Top Selling Real Estate Agents?
What is the perfect retirement program for a top notch Realtor? A SEP IRA? A Roth IRA? No, check out this video on how a Solo 401(k) can put you in the driver's seat to retirement freedom. Be your own Trustee, invest instantly as the Investment Manager. Defer up to $118,000 in income for you and your spouse. Learn more from the "Retirement Guy". Visit our website at http://www.CheckBookIRA.com Steve Sheppherd, the Founder of Check Book IRA www.CheckBookIRA.com Telephone 800-482-2760 Redmond OR | Cave Creek AZ | Minneapolis MN Transcript: The solo 401(k) can really be an asset to a top-producing real estate agent. If you get 1099-income, we can setup a solo 401(k) for you, either as a sole proprietor or an LLC. As long as you don’t have any other employees that are owners, you can include your spouse in that, that would be fine, you can write-off up to about $58,000-$59,000 a year. You would receive a certain amount of salary, and that can be deferred tax-free into your plan. And then your company, you as sole proprietor or your LLC from your commissions, that is company money, then that can be matched and go in there and be a write-off. So you can shelter a lot of money. And if you hire your spouse, you can actually double all of that. And then, you have the ability to immediately borrow back up to $50,000 or half of your plan’s worth. So it’s a really nimble way, inexpensively, an independent contractor, like a top-producer, can shelter a lot of money, have instant access to it as a plan administrator, run out and make investments, buy apartments, join ventures with some investors that you know, and really be able to ratchet up the returns in your retirement. Shelter the money you make on commissions, put it into real estate, or loans, or whatever you want to as the plan administrator. It’s a great program for a realtor.
Views: 505 CheckBookIRAWeb
5 Investigates: Pension windfall for former officer
Somerville's mayor insists he has nothing to do with the pension deal his cousin is getting. Subscribe to WCVB on YouTube for more: http://bit.ly/2526UpS Get more Boston news: http://www.wcvb.com Like us: https://www.facebook.com/wcvb5 Follow us: https://twitter.com/WCVB Google+: https://plus.google.com/+wcvb
How to get tax free benefits from my corporation?
Do you own a small corporation in Canada? Do you know you can receive tax free benefits from it? In this video, learn about some of the types of tax benefits that you can get such as, a company car, medical expenses and individual pension plan. 0:29 – Company Car 1:11 – Medical Expenses 1:59 – Individual Pension Plan 2:55– Here's the tip! Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharteredAccountant/ Instagram: https://www.instagram.com/madanaccounting/ Google+: https://plus.google.com/108551869453511666601/posts Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Views: 2458 Allan Madan
American Greed - Shawn Merriman: Mormon Bishop Mogul (Radioplay)
http://bit.ly/2-mins-ritual/ - The 2-minute Ritual Proven To Eliminate 1 Pound Per Day Of Dangerous Belly Fat. Title: Shawn Merriman: Mormon Bishop Mogul Serie: American Greed Shawn Merriman was a bishop in the Mormon Church, a family man and the head of a thriving investment business pulling in millions. But unbeknownst to investors, Merriman was living a lie and ripping off his neighbors, friends…even his own mother.
Views: 27520 iBiz
Bombardier's C Series Jet's Slapped with 220% duty by US -  YouTube
Oh dear, maybe Bombardier CEO's might not get a BIG raise... *****Bombardier’s senior executives saw their compensation rise by nearly 50 per cent last year at a time when it laid off thousands of workers, sought government aid and saw the first CSeries passenger jet take flight. Company has been bailed out by government - aka taxpayers, theys given big raises to CEO's and are already laying off thousands of workers - So should I care about the 220% duty? I don't. Struggling plane and train maker Bombardier Inc. has announced a second round of job cuts this year, with plans to eliminate 7,500 jobs – or 10 per cent of its workforce – including 2,000 in Canada. This comes on top of 7,000 jobs due to be eliminated by end of next year, first announced in February. In February, the Montreal-based plane and train maker announced plans to cut 7,000 positions by the end of 2017, including up to 2,000 contractors and 800 production development engineers. ****Bombardier has received a $1 billion (U.S.) investment in the CSeries from the Quebec government, sold a 30 per cent stake in Bombardier Transportation to Quebec’s pension fund manager, the Caisse de depot, and has requested a $1 billion (U.S.) infusion from the federal government.
Views: 1788 JCVdude
PPR 128: There is No One Size Fits All Retirement Plan
Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  Kraig's mission is help you build & protect your wealth and lifestyle today and generationally. Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities by themselves will not help you optimize your retirement income. You must have an integrated approach. DISCLOSURE:  KRAIG IS THE INCOME ENGINEER BUT HE IS NOT AN ATTORNEY OR A CPA. PLEASE DO NOT CONSIDER THINGS ON THIS SHOW AS ADVICE. PLEASE TALK WITH A QUALIFIED CERTIFIED FINANCIAL PLANNER BEFORE MAKING ANY FINANCIAL DECISIONS. Keywords Financial Dependence, Financial Solvency, Financial Stability, Debt Freedom, Financial Security, Financial Independence, Financial Freedom, Financial Abundance, retirement, pension, income, protect, rescue, help, money, savings, Certified Financial Planner (Job Title), Income Tax, Money, Finance (Industry), wealth, tips, Personal Finance,  financial podcast, infinite banking, Self-Directed IRA, Retirement Planning Tips, Retirement Planning, Individual Retirement Account, Investing 101