Review your plan According to Alan Glickstein, a senior retirement consultant with Towers Watson, when a pension plan is frozen, it becomes more urgent to either update the past retirement planning or do it for the first time. While benefits accrued at the time of the freeze are not reduced and employers often add additional 401(k) benefits when a pension is frozen, it is likely that the picture now looks worse than before, he further added. “And even if the overall picture is supportive of the desired retirement goals, the balance has now shifted more heavily toward resources that are subject to market risk both before and after retirement,” said Glickstein. “Moreover, it can be especially challenging to project 401(k) account balances given the market volatility since the recession and the historically low level of interest rates.” Warning! Save, save, save In other words, according a pension expert with Axis Capital Limited, a group of companies based in London who also offer also offer Pension Cash Release Service, it’s likely that you will need to increase your savings when your pension plan is frozen. “Workers whose defined-benefit plans are hard frozen should increase their savings rate for two reasons,” says one pension expert from another company. “First, it is reasonable to assume some efficiency losses in their self-directed retirement accounts compared with a defined-benefit plan through higher fees. More important, though, is their sudden loss of the longevity insurance inherent in a defined-benefit plan. The contribution dollars of employees were meant to last until the average life expectancy of the covered insurance pool. Now, employees have a 50% chance of running out of retirement funds before death. Lowering that probability means increasing the savings rate, possibly by a lot more than older workers can actually afford.” Review your annual benefit statements and payout options Besides that, experts also say that you should ask for your annual benefit statement. “If you do not ask, you may not get,” said Nick Paleveda, an adjunct professor in the Graduate Tax Program at Northeastern University and the CEO of National Pension Partners. The employer is required by law to furnish a statement known as the 204(h) notice, he said. Others agree with the advice. “Review your annual benefit statement to see how much you will be eligible for in retirement,” said Russell. “Even a small monthly amount can take some of the pressure off their monthly cash flow needs in retirement.” In addition, Russell recommends that you look at your summary plan document or what’s called the SPD and speak with your human resource and ask whether they can take a lump-sum payment at retirement and invest it themselves. “This might be a good option if the company providing the pension is having financial difficulties and may have too little money saved in the pension to pay a lifetime benefit,” she said. “It pays to be prepared for either option: retaining the monthly benefit as paid by the company, or taking the lump sum and investing it themselves.” Russell also suggests that you become familiar with the different periodic payment options available as a pension, such as a straight lifetime payment, or a joint and survivor payment. “This way when you get to retirement and want to create a monthly payment, you will know their options and what will work best for your monthly budget needs,” said Russell. source: http://rayfordjeffer.livejournal.com/607.html
Categories: Small Business,
Applications of Financial Modeling The purpose of Financial Modeling is to build a Financial Model which can enable a person to take better financial decision.The decision could be affected by future cash flow projections , debt structure for the company etc. All these factors may affect the viability for a project or investment in a company.The Applications of Financial Modeling mainly includes the followings : One applications of Financial Modeling may be Business Valuation that is deciding the fair value for a business . Financial Modeling will help participants to reach to a price they are willing to pay or accept for the selling business. Second applications of financial modeling is Organization’s decision making and scenario preparation .Financial Modeling is used by organizations for future planning their long term goals according to different situations that may arise. To decide the Cost of Capital – if a company is going to invest in a new project then Financial Modeling for it will give analysis for debt/equity structure and expectation in return by investors ,thus setting benchmarks for project to meet . Capital Budgeting -Financial Modeling helps companies determine alloting resources for major expenditure or investment etc.Purpose – increasing the value for the firm. Project Finance Financial Statement Analysis Basic Financial Analysis tools include Common size financial statements Analysis of Various Ratios Trend or Pattern analysis Industrial comparatives Best Practices in Financial Modeling In Financial Modeling it is desired that the working should be error less and should be easier to read and understand for audit purposes. By following these key principles, model will be easier to navigate and check, and reliable. For most obvious results we need to follow the Firms standard format Maintaining appropriate number of sheets Using page breaks wherever required Writing Executive Summary on top if desirable Maintain versions of documents if future up gradations are expected The following points should be kept in mind: Spreadsheet Design Using modular spreadsheet blocks will make changing each sheet easier without affecting others. Proper protection should be given to the sheets and workbooks from unauthorized usage. Labeling sheets, columns and rows with their applicable headings so that files will become easy to follow. Better Document your assumptions Assumptions documentation helps with validation & avoids misinterpretation. Listing assumptions will be helpful for easier and quicker understanding. Adding source data as well as calculations will provide a good map. Use Linking and not hard-coding Linking wherever required will be a good practice such that when the inputs change, the outputs will be changed automatically It will save lots of hassles at final stage or at working stage Facilitate Data entry at one place only Avoid retyping of data, entering it once as a source and referencing it will make good sense. It’s always better to link cell value rather than writing numeric value for calculations. Good Practice is using Consistent Formulas Using formulas and functions will be accurate and will save time. Do not copy formula from one sheet to another as it will create links in files. Avoid unnecessary blank columns and rows as this can be tedious at the time of making tables or other charts. Creating Templates will be beneficial Formatting Charts Be precise with chart axes scale Creating a VBA Style Guide containing rules and details about coding standards is good Format and Label Clearly It’s very important to format cells appropriately i.e. we should follow standard practices eg. we should use symbols for currency , percentages values etc. , which will make model easier for reading. In Financial Modeling clear labeling is very important to improve readability Try using different background colors for distinguishing input areas and calculation parts
This past week, I had to call my cable television provider (Cox Communications) to come out and replace for a 2nd time, my high end cable box called "Countour" by Cisco. First of all, I think the new Countour box is great, provides much richer UX and dramatically improves the overall viewing experience. I also want to add that this idea is in no way a knock on Cox, as they provide excellent customer service. The trouble is that after 45 minutes of watching this poor tech replace my box - have it not work - then go through process to try another cable box - I realized that this is just out-dated way of my cable company servicing their technology and me, the customer. My idea is that Dell should get into the business of creating an infrastructure for cable telivision providers that would be a combination of a cloud infrastructure that would host each cable customers account, including DVR, preferences, movie purchases, etc and a front end Dell Wyse thin client. If that were available today and I was a customer, my initial call to my cable provider would have never happened because the hardware in my home (cable box) would be highly reliable, energy efficient Dell Wyse thin client. Software glitches - no longer an issue because the image would be in one central location and maintained directly by my cable provider. The technology exists today and maybe this solution is already in the works. Just had to take moment to put this out there if there was a chance we all could avoid a call to the cable guy! Thanks for your consideration.
Hi Gentlemen, My idea is to Boot a Windows PC from a USB drive with windows and applications already installed on it,since only operating system I've seen using this method is the Bunet linex,( as my friend told me). It have many advantages no viruses can transfer to a cluster of computers in institutes , no software licensing issues is required, and the hosting PC resources will be limited no HD or. Small one no licensing for the PC and more advantages can be seen once starting the prototype.
Computers work with binary language, ie on and off. My idea is to make a computer with energy variation is computed, thereby besides of bits 0 and 1, with different add power range, more bits than only on and off is possible. A machine language more elaborate improving its performance. The problem of interaction between man and machine due to communication difficulties for both man and machine to because of the distance of both.
This has sparked debate over the wisdom or folly of Android laptops. Already, we using windows, linux, dos etc., in today market. Why we still don't try to use android laptop instead of others?
Hello Ideastorm,i,m a desktop user as well as laptop user too. Here in my country, laptop authorized serivce center is there all over the area in India. But, there is no Dell desktop authorised service center in India. In here lot of desktop user are there, and arising lot of problems under warranty and over warranty period.Dell providing desktop service through only by telephonic support. But, we need a desktop service show rooms center in all main cities in India.I request you to start the desktop service center in India as soon as earlier. Please, suggest your India dell desktop Team.
Categories: Service and Support,
Categories: Desktops and Laptops,
I'm using my laptop as a desktop computer with keyboard, mouse and monitor plugged on it.My idea is to put power button on a side of laptop and to make a vertical stand (power button on a side can give me an option to turn laptop on without opening).Vertical stand can be simple or with an options like docking station (extra HDMI will be great which can give me an option to use laptop as media center).With this I have:- a laptop when i need it- a fully functional desktop computer- with good solution of vertical stand, option for secundary display when needed- of course, no need for PC- all of my data with me all the time- quiet environment for my work- more space on my deskPlease exuse my bad English,Tomislav
Categories: Desktops and Laptops,
Dell, For the Laptop users the optical mouse is very easy to use than the trackpad. But carrying around the physical mouse is very cumbersome. New technolgies like Fin, Nod allow user to wear a ring like device that does the job of the mouse. This Fin, Nod device is so small, it can be placed in a slot in the laptop for charging and can be weared while using. This eliminates the need for optical mouse and gives better comfortable feeling than the trackpad. Similar to this Fin device there are other devices like Leap,Myo, Nod, etc, that are now being inducted into the computing devices. Fin and Nod, are much slim and smaller devices and only the WEARER can operate the computer unlike Leap Motion technology. The website to wearable Fin: http://www.wearfin.com/ The website to wearable Nod: https://www.hellonod.com/ Dell can induct these wearable technologies that replace physical mouse device. - voxmu
Categories: Accessories (Keyboards, etc.),