SYS-CON MEDIA Authors: Adine Deford, Cynthia Dunlop, Harry Trott, Xenia von Wedel, Peter Silva

News Feed Item

Obama's Retirement Plan: Can you vouch for a Comfortable Old age?

According to Obama, his starter savings plan myRA guarantees a decent return and protects against losses. He may be right about the losses. However, no one knows whether myRA offers a decent 'return'.

DURHAM, N.C., April 27, 2014 /PRNewswire-iReach/ -- In his State of Union address, President Obama unveiled his starter saving plan, naming it myRA. 'It guarantees a decent return with no risk of losing what you put in", President stated. However, there may be a problem with whether myRA offers a 'decent return' or not. Intended for roughly the half of US workers who don't have any employer-sponsored retirement plans, this government-run account will earn the same fluctuating interest rate as the Thrift Savings Plan Government Securities Investment Fund available to federal employees. The whole purpose of the plan is to get people started on lifetime savings as when an account reaches $15,000 it will be rolled over to private sector Roth IRA.

(Photo: http://photos.prnewswire.com/prnh/20140425/78349)

However, it may not be a path to riches. "A decent return is a rate of return that exceeds the rate of inflation", said Lance Roberts, chief economist and CEO of STA wealth management in Houston. He says this because if it had existed in 2012, it would have produced a return rate of 1.47 percent whereas the rate of inflation that year was 1.8 percent. Though the long-term returns sound bit more promising if compared to the rates in 2012, STA's Roberts notes that interest rates were falling continuously at that time and boosting fixed-income funds such as the G Fund.

The plan has good features no-doubt. For e.g. initial investments can be as small as $25 and contributions can start from $5 per paycheck with no administrative fees for account holders (the government picks tabs). However, two predominating reasons loom-up against it, saying it to be a terrible move. Firstly, experts say it can make you lose spending power. "These things are going to pay out at 1% to 1.5% at a time when real inflation is running at 2.5% - and that's only according to 'official' government figures", said Keith Fitz-Gerald, Chief Financial Strategist of Money Morning. He went on saying that this would not be a good deal for investors no matter how government honey-coats it. While he made this statement, he also said that he didn't even take interest rate risk into consideration when rates will start to rise a year or two in future. Secondly, Fitz said that no one should have a money manager with bad track record, and government especially has a bad track record. "The Government thinks Amtrak and United States Postal Office are viable businesses," Fitz exclaimed. "Do you really want it handling your investments?"

Expert speaker Rick Rodgers is presenting a live-webinar to review the changes being proposed and access the likelihood of the proposals being passed.  He'll also review strategies that will minimize the impact of changes.

Here's a Sneak-peek of the Conference:

Five Things to Do Now To Prepare For the Retirement Plan Changes

The session 'Five things to Do Now to Prepare for the Retirement Plan Changes' on Wednesday, May 14, 2014 will review the 7 retirement plan changes in President Obama's 2015 budget proposal.  Particular emphasis will be placed on specific strategies that can be implemented to properly plan for retirement.

Session highlights:

  • Five things to do now to prepare for the retirement plan changes
  • What will Social Security look like in the future
  • 8 Tips for safeguarding your pension
  • Does the IRS have a bulls-eye on your retirement account
  • Why tax deferral may not be the best strategy for retirement savings

For more information, visit http://www.audiosolutionz.com/banking/retirement.html

Other Conferences of the Week

Complying with PCI DSS Version 3.0

In this live webinar 'Comparing with PCI DSS Version 3.0' on Wednesday, May 28, 2014 expert speaker Tom Wills will explain:

  • What has changed in the new version?
  • Who is affected, and how?
  • The difference between strict compliance and effective risk management
  • Strategies to bring, and keep, your own organization into compliance with Version 3.0

Session Highlights:

  • Changes in the real-world threat landscape that are driving the new requirements
  • Moving past passwords: the danger in using out-of-date user authentication methods
  • The value of tokenization for keeping sensitive data out of criminal hands
  • Using data analytics to improve your threat detection and response capabilities
  • The human touch: how technical security controls alone are no longer adequate
  • How compliance and security are never the same thing
  • How to avoid being another "Target"

For more information, visit http://www.audiosolutionz.com/banking/pci-dss-version-30.html

Analyze Real Estate Proformas and the Importance of Net Operating Income (NOI)

There are generally three reasons why individuals own real estate — cash flows, taxes, and appreciation. Expert speaker Vincent A. DiCara in this conference 'Analyze Real Estate Proformas and the Importance of Net Operating Income (NOI) on Thursday, May 8, 2014 will explore all three of these reasons and provide information on how lenders and underwriters can distinguish between them by analyzing financial information provided by the borrower.     

Session Highlights:

  • The Five C's of credit and how they relate to real estate transactions
  • Tax incentives for owning real estate
  • Using appraisals and leases: what to look for
  • Analyzing real estate proformas:  the importance of Net Operating Income (NOI)
  • Important financial ratios

For more information, visit http://www.audiosolutionz.com/banking/real-estate-financing.html

AudioSolutionz is an online business-training platform that helps professionals of HR & Payroll, Banking and Finance, Construction and Housing, Transportation, Chemicals, Energy & Environment, Education, Leadership & Teamwork and Manufacturing  in building and enhancing their skills. We invite industry experts to share their knowledge and insights with industry professionals through audio and/or video conferences.

To learn more about other updates, events for banking, finance and construction, please visit Audiosolutionz.com . Use PR20 to get $20 Off, Applicable on all purchases.

Media Contact: Shivane K, Audio Solutionz, 1-800-223-8720, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Audio Solutionz

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We help companies that are using a lot of Software as a Service. We help companies manage and gain visibility into what people are using inside the company and decide to secure them or use standards to lock down or to embrace the adoption of SaaS inside the company," explained Scott Kriz, Co-founder and CEO of Bitium, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionalit...
Some developers believe that monitoring is a function of the operations team. Some operations teams firmly believe that monitoring the systems they maintain is sufficient to run the business successfully. Most of them are wrong. The complexity of today's applications have gone far and beyond the capabilities of "traditional" system-level monitoring tools and approaches and requires much broader knowledge of business and applications as a whole. The goal of DevOps is to connect all aspects of app...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
Want to enable self-service provisioning of application environments in minutes that mirror production? Can you automatically provide rich data with code-level detail back to the developers when issues occur in production? In his session at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how to accomplish this and more utilizing technologies such as Microsoft Azure, Visual Studio online, and Application Insights in this demo-heavy session.
When an enterprise builds a hybrid IaaS cloud connecting its data center to one or more public clouds, security is often a major topic along with the other challenges involved. Security is closely intertwined with the networking choices made for the hybrid cloud. Traditional networking approaches for building a hybrid cloud try to kludge together the enterprise infrastructure with the public cloud. Consequently this approach requires risky, deep "surgery" including changes to firewalls, subnets...
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water,...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!