Tag Archives: IRA

Business, Finance, Occupation & Industry

An Investor's Guide to Master Limited Partnerships: MLPs and IRAs

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By Tyler Crowe, The Motley Fool

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Master limited partnerships have become a darling for investors. As high-yielding investments, they can be a great addition to an income-seeking portfolio. The Alerian MLP ETF , which is one gauge of the broader MLP industry, has a trailing-12-month dividend yield of 5.95% compared with the S&P 500 average of 2.16%.

MLPs have been around for several years, but only in recent years have they taken off in the energy space.  The tricky part about MLPs is that they aren’t like investing in a regular C-corporation. I’ve gone over some of the basics of investing in MLPs, but there are still some questions left unanswered. Today, let’s look at how an MLP works in your IRA.

Pass the (taxable) buck
One of the largest reasons for a company to set up as an MLP is the preferential tax status. An MLP passes all tax obligations for the company along to the unitholders, who pay based on their personal marginal tax rate. A C-corporation, in contrast, would pay a corporate tax rate and then pay out a dividend, which is subsequently taxed as a capital gain for the individual. By passing along the tax obligation to the individual, not only does it generate more income for the individual, but it also takes money away from the IRS that would normally be collected if it was a C-corp.

And that’s one of the primary reasons the government adjusted MLP laws back in the 1980s to limit them to companies that engaged in certain types of business. Before that ruling, several companies were setting up as MLPs only to avoid paying corporate taxes, so the government had to step in to ensure the continuation of tax revenues. 

On the other side of the coin, we have IRAs. Traditional IRAs are taxed as the money comes out as income, and Roth IRAs contain after-tax investments. Either way, any earnings or gains that occur in the account aren’t taxed at the time they’re earned, giving individual investors a great method to plan for retirement without worrying about having taxes take out big chunks along the way.  

The Unrelated Business Income Tax
As good as both IRAs and MLPs sound, don’t expect to completely skip paying taxes if you buy MLPs in an IRA. A section of the tax code imposes what’s called the Unrelated Business Income Tax, or UBIT, on IRAs with MLP income exceeding $1,000 annually.

Those who have worked with non-profit organizations may be more familiar with the UBIT. The tax code stipulates that if a non-profit entity receives income from a source not directly related to its tax-exempt function, then it’s taxed on that revenue. The rule also applies to your IRA.  

The IRA is considered a non-profit entity with the goal of providing individuals with a source of income when they retire through investments. Whenever you realize a gain in your IRA from more traditional methods, such as interest, dividends, or royalties, they’re considered “investment income” and are thus …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Your Best Defense Against the IRS

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By Dan Caplinger, The Motley Fool

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Nobody likes to pay taxes. Luckily, Congress has given you a way to avoid paying taxes for the rest of your life — and it’s perfectly legal.

Before you decide that a lifetime ticket to tax-free profits is too good to be true, let me point out one thing: There is a catch. Yet even though you have to give up something now in order to gain access to this completely legitimate tax-avoidance mechanism, the payoff down the road could make what you pay now look inconsequential by comparison. Let’s take a closer look at this strategy to see how it can work for you.

Say sayonara to the IRS
In order to give you the latest information on this money-saving financial planning technique, I turned to the experts at the Fool’s Motley Fool ONE Tax Center. Providing your email address will get you a free copy of our recently released guide on cutting your taxes in 2013 and beyond, letting you read for yourself about how Roth accounts can be your best defense against the IRS and the changing whims of lawmakers and the tax code.

Roth accounts come in two flavors, one for IRA investors and the other for workers who have Roth options in their 401(k) plans. But both Roth accounts share one key benefit in common: Once you contribute to a Roth, as long as you meet its guidelines, the income that you generate inside the Roth is entirely free of tax. Even when you withdraw money from your Roth account after you retire, you still don’t have to pay tax on the proceeds — and if your heirs are fortunate enough to receive inherited Roth proceeds, they won’t have to pay taxes either when they’re required to make withdrawals.

So why don’t more people take advantage of Roth accounts? One reason is that contribution limits are relatively low — $5,500 this year for a Roth IRA, with an extra $1,000 if you’re 50 or older. Roth 401(k) accounts have higher limits of $17,500 for everyone plus $5,500 for those age 50 or over, but Roth 401(k)s are relatively new, and so not every employee has access to such an account even if their employer offers a regular 401(k).

But the main reason why Roth accounts haven’t taken off is that you have to give up something when you choose a Roth. Regular traditional IRAs and 401(k)s give you a tax break now on your contributions, letting you reduce your taxable income by whatever you put into your retirement account. By using a Roth instead, you forego those benefits, which can cost you thousands more in current-year taxes.

Moreover, there are income limits that prevent many high income people from making Roth contributions. Yet that hasn’t stopped several smart entrepreneurs from taking full advantage of Roth IRAs to produce profits of millions of dollars. Consider:

News, Politics, Government

Taxes From A To Z (2013): I Is For IRA Rollover

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By Kelly Phillips Erb, Contributor

I is for IRA Rollover. An individual retirement account (IRA) is type of retirement plan that allows you to set aside money for later use. Depending on the kind of IRA you establish (traditional versus Roth), you can rely on tax-free withdrawals or tax-deferred growth in the future. (Quick caveat: since this topic can be complicated, this particular post focuses on rollovers to and from traditional IRAs. In some instances, these rules may be a little different for a Roth and other retirement plans so consult with your tax professional and financial advisor for more information.) Since IRAs offer certain tax advantages, there are restrictions on withdrawals and transfers to and from the accounts. Generally, if you pull money out of an IRA before you reach age 59-1/2, you must include the funds in income (subject to certain rules and limitations) for the year in which you make the withdrawal. However, if you pull out funds in order to put them in another retirement plan, it’s referred to as a rollover and if done properly, is considered a tax-free distribution. Taxpayers will often rollover an IRA when they change employers; with a termination, voluntary or otherwise, of employment; or an IRA is inherited from a spouse (different rules apply for inherited IRAs from decedents other than spouses). …read more
Source: FULL ARTICLE at Forbes Latest

Science & Technology

Violence returns to the streets of Northern Ireland

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In 1998, the Real Irish Republican Army, an IRA splinter group, detonated a car bomb in a shopping area of Omagh, Northern Ireland, that killed 29 people. Since then, violent Irish Republican groups have re-emerged as amajor security threat to Northern Ireland, according to a Penn State terrorism expert. …read more
Source: FULL ARTICLE at Phys.org

Business, Finance, Occupation & Industry

Ask a Fool: Did I Make a Huge IRA Mistake?

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By Robert Brokamp, CFP, The Motley Fool

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In the following video, Robert Brokamp, senior advisor for The Motley Fool’s Rule Your Retirement service, takes a question from a Fool reader, who writes, “Did I make a substantial error when taking money out of my IRA?”

Making the right financial decisions today makes a world of difference in your golden years, but with most people chronically undersaving for retirement it’s clear not enough is being done. Don’t make the same mistakes as the masses. Learn about The Shocking Can’t-Miss Truth About Your Retirement. It won’t cost you a thing, but don’t wait because your free report won’t be available forever.

The article Ask a Fool: Did I Make a Huge IRA Mistake? originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Business, Finance, Occupation & Industry

Ask a Fool: 401(k), IRA, and Beyond

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By Robert Brokamp, CFP, The Motley Fool

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In the following video, Robert Brokamp, senior advisor for The Motley Fool’s Rule Your Retirement service, takes a question from a Fool reader, who asks, “After saving in an emergency fund, 401(k), and IRA, what other investments should I make as a beginner?”

Making the right financial decisions today makes a world of difference in your golden years, but with most people chronically undersaving for retirement, it’s clear not enough is being done. Don’t make the same mistakes as the masses. Learn about The Shocking Can’t-Miss Truth About Your Retirement. It won’t cost you a thing, but don’t wait because your free report won’t be available forever.

The article Ask a Fool: 401(k), IRA, and Beyond originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Business, Finance, Occupation & Industry

The Tax Help You Need to Finish Your Return Now

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By Dan Caplinger, The Motley Fool

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With just over a month to go before you need to file your 2012 return, you might find yourself among millions of taxpayers who have started to realize that they’ll need more tax help than usual. As the experts behind the exclusive Motley Fool ONE Tax Center have noted, because of complicated end-of-year legislative changes, many of which applied retroactively to the entire 2012 calendar year, it’s tougher than ever to figure out which changes you have to make for the return you’re working on now, versus what you’ll need to worry about next tax season.

To give you the tax help you need, we’ve put together a list of provisions that got changed for the 2012 tax year and separated them out from the new tax laws applying in 2013. Let’s look first at the list of new things you do need now in order to get your returns filed pronto.

What changed in 2012
The biggest change from the fiscal-cliff legislation extended favorable treatment on the alternative minimum tax. Going beyond the usual annual “patch,” the new law permanently indexes a higher exemption amount to inflation, saving as many as 30 million people from having to pay AMT.

But a number of other important provisions technically expired at the end of 2011, calling into question whether they’d be renewed for 2012. The compromise reached by lawmakers renewed the following tax breaks retroactively for the 2012 tax year:

  • Teachers and other educational professionals can still deduct up to $250 for money they spend on classroom expenses.
  • You won’t have to include as much as $240 in mass transit or vanpool benefits if your employer provides them for you.
  • Mortgage insurance premiums remain deductible as long as you earn less than the phase-out amount.
  • The $500 tax credit for home-energy improvements was brought back for 2012 as well.
  • If you live in a state where sales taxes are higher than state income taxes, you can still choose to take the sales taxes you pay as an itemized deduction.
  • For those who are age 70 1/2 or older and want to make donations to charity from your IRA, you can still do so on a tax-free basis for gifts up to $100,000.

In addition, the higher $500,000 maximum deduction for expensing business property and several lucrative business-related credits were extended retroactively throughout 2012.

For all these provisions, your return should look like business as usual, so you shouldn’t need any new tax help beyond what you’d ordinarily get to figure these benefits out.

Looking ahead to 2013
By contrast, a number of changes won’t have any impact on your 2012 return but definitely will have a far-reaching impact this year. With implications for your current withholding or estimated quarterly payments to the IRS, you won’t want to procrastinate too long getting the tax help you need to deal with them.

Among these changes are most of the best-known provisions of the new law. The return of the …read more
Source: FULL ARTICLE at DailyFinance

News, Politics, Government

How to give your 401(k) a quick check-up to put you in better position for a strong retirement

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By Stuart Robertson, Contributor Many of us get busy and forget to check-in on our 401(k) plan on a semi-regular basis.  And when we do, we’re often unsure of what adjustments to make to put ourselves in a better position for a well-funded retirement.  Fortunately, there are some sound moves that only require about 15 minutes and that will help you maximize your retirement savings from your 401(k): Give your 401(k) a raise when you receive a raise at work.  Most experts suggest putting in 10%-15% of your paycheck toward retirement.  Yet most people don’t.  A smart way to increase your retirement savings is to give another percent or two of your salary to your 401(k) each time you get a raise so that you still receive more take-home pay and also put away more for retirement. How much you put in stocks, bonds, cash and the like (your “asset allocation”) is a big determining factor on how much you’ll have in retirement.  Because different assets will grow at different rates each year, it’s good to rebalance your retirement account(s) at least once a year so you are not over-exposed in any area.  There are of course no guarantees on gains or preventing losses of your portfolio, but maintaining your preferred allocation can help spread the risks of your investments more in line with your risk tolerance and lower the levels of swings you might see in your account over time.  Most plans have a rebalance feature to help guide and automate this for investors.  The rule of thumb is to use your age as a percentage of your savings to allocate to fixed income based funds (cash and bond funds) and the rest in stock funds (e.g. if you are 35, you might put 35% in bonds, 65% in stocks).  If you’re unsure of which funds to select, start with a suggested model portfolio that many plans offer that best fits your goals, risk tolerance and stage in life. If you feel comfortable selecting your own investments from your company’s 401(k) fund roster, look for the low-expense options and index funds.  Historically, low-expense funds have out-performed high expense funds over time.  Check the five- and 10-year performance numbers as another checkpoint.  Over a 30- or 40- year career, even paying one percent less in expenses can add up to hundreds of thousands of dollars more in savings. Extra Credit Move:  If you left behind a 401(k) at another company, or have rolled one over to an IRA, it often makes sense to consolidate them in your current 401(k) account. Having one log-in, one phone number, and one account to manage can offer greater ease and simplicity. It also helps ensure you don’t lose sight of any of your retirement savings and makes it much easier to manage your asset allocation versus trying to do it across multiple providers and accounts. Of course, check your 401(k) plan to ensure it has the diversification and low-expense options you’re looking for.  If not, an IRA may be the …read more
Source: FULL ARTICLE at Forbes Latest

Business, Finance, Occupation & Industry

Affluent Americans May Be Underestimating Their Needs in Retirement Says New Schwab Survey

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By Business Wirevia The Motley Fool

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Affluent Americans May Be Underestimating Their Needs in Retirement Says New Schwab Survey

SAN FRANCISCO–(BUSINESS WIRE)– Despite a general sense of confidence in their financial readiness for retirement, affluent Americans might be overlooking critical tenets of retirement planning, according to a new Schwab survey of approximately 1,800 investors across nine major U.S. markets. More than eight in 10 (84 percent) investors say they have a retirement plan in place, and 80 percent of these respondents say they are confident about their financial readiness for retirement.

However, when it comes to estimating how much money they’ll need once they actually retire, respondents say they’ll need on average around $66,000 in income annually, far lower than their current average income that is approximately $115,000.

“Everyone’s retirement saving and investing plan is going to be unique, but each plan needs to start with a realistic assessment of personal situation and goals,” says Carrie Schwab-Pomerantz, Charles Schwab & Co., Inc. senior vice president, CFP®. “In many cases, we tell clients to assume they’ll need roughly the same annual income in retirement as they had beforehand unless they anticipate a significant lifestyle change, and to take into account longevity risk when planning how much money they might need.”

The survey also finds that, on average, respondents plan to work until they are 67 years old and expect to live to the age of 86, suggesting that they anticipate living off their retirement savings for less than 20 years. When asked directly how many years they anticipate living off of their savings in retirement, people say 21 years, on average.

Retirement Confidence High

Although there appears to be room for improvement in how realistically people are planning for their financial needs in retirement, the story isn’t all bad. Thirty-three percent of people feel they are completely prepared for retirement, and another 51 percent feel at least moderately prepared.

Schwab-Pomerantz notes that even people who have a financial plan in place would be well-served to give it a second look to ensure they are on track to meet their retirement goals. “Especially for those looking to catch up on savings, we recommend maximizing contributions in a 401(k) at least up to the employer match, considering other tax-advantaged retirement accounts such as an IRA, and finding ways to automate savings,” she says. “We’re also having retirement planning discussions with an increasing number of clients who want to be more engaged in …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Do You Know Where Your Assets Are?

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By Amanda B., Kish,, The Motley Fool

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Just in case you aren’t facing enough pressure deciding which stocks, bonds, and mutual funds to buy, there’s another angle to the whole investing process. If you want to avoid adverse tax consequences, you also need to ensure that you put those investments in the right type of account. This is the art of asset location — distributing your assets among different savings vehicles so as to minimize your tax burden. Don’t worry. It’s not as onerous as it sounds. Just keep a few tips in mind when dealing with the two different types of accounts.

Tax-deferred accounts
With the decline of traditional pension plans, more and more Americans are using 401(k) or IRA accounts as their primary retirement savings tool. Obviously, the main benefit of accounts like these is that your money is not taxed until you withdraw it — ideally in retirement. Dividend and interest income generated by your investments is also tax deferred. So if you want to put off paying the taxman as long as possible (and who doesn’t), you want to stick your high income-producing investments in tax-deferred accounts.

That means bond funds and REITs are key candidates for inclusion here. Both types of investments throw off meaningful income on an ongoing basis, so you’ll want to shelter that income from taxes. So think about picking an inexpensive, well-diversified fund like Vanguard Total Bond Market ETF or Vanguard REIT ETF to take care of your bond or real estate exposure within your 401(k) or IRA.

The same thinking applies to high-yielding stock funds — if you’ve got a fund that makes frequent, sizable dividend payments, owning that fund in a tax-favored account will cut down on your current tax liability. High-turnover stock funds are also a good choice for tax-deferred accounts since lots of churn can end up generating short-term taxable gains that are distributed back to fundholders.

These rules also apply to Roth IRAs and 401(k)s — since you’ll have already paid taxes on your contributions and can withdraw that money tax-free in the future, consider stashing tax-inefficient, high-growth, and high-income investments in accounts like this.

Taxable accounts
If you have a non-tax-advantaged account, you are responsible for paying taxes on any “taxable events” that occur during the year, such as dividend or interest payouts. So the key with taxable accounts is to load up on low-turnover investments that don’t produce much in the way of income and that you intend to hold for long periods of time. One of the best examples of investments that fit the bill in this category are equity index funds. These funds typically have low turnover since index constituents don’t change all that often, keeping realized capital gains to a minimum. So funds such as Vanguard Total Stock Market ETF or SPDR S&P 500 ETF are great choices for taxable investors, with annual turnover of 5% and 4%, respectively. Other low-turnover, …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Investment • Brown Harris Wealth Management – Weekly Feb 11, 2013

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By Gary Triplett

Image

This Week: Signs of Strength in U.S. and International Trade

Welcome to Brown Harris Wealth Management

We at Brown Harris take a personal approach to wealth management. Not simply an investment firm, Brown Harris works to help build and protect one's wealth through a variety of proven investment methods. Brown Harris clients may be saving for retirement, receiving retirement income, protecting an estate from taxes or perhaps providing for a grandchild's college education.

We specialize in the following:

  • IRA & 401(k) Rollovers
  • Retirement Income Strategies
  • Early Retirement Structuring
  • Mutual Funds
  • Annuities
  • Tax Free Bonds
  • Long Term Care Insurance

We are interested in serious, longer term investment clients. For this reason, folks who prefer quick returns need not inquire into our services. If you are serious about your wealth management, come interview us, we would love the opportunity to earn your trust.

Vision Statement – To be the trusted financial services firm that creates an atmosphere where our clients and employees have one common goal: the clients financial well-being.

Mission Statement – To help our clients achieve their financial dreams by providing consistently superior service utilizing the most effective wealth management tools available.

Securities offered through LPL Financial, Member FINRA / SIPC
The LPL Financial registered representatives associated with this site may only discuss and/or transact securities business with residents of the following states:
AL, AR, AZ, CA ,CO, CT, DE, FL, GA, IL, IN, KY, MA, MD, MI, MO, NC, NE, NY, OH, PA, SC,TN, TX, VA, WA, WI, WV and the District of Columbia.
Brown Harris Wealth Management • 311 S. East Street, Suite 100 – Culpeper, VA 22701 • (540) 825-1588 – (877) 825-1588 • fax (540) 727-8701

Newsletter : 

iframe

Todd began his investment brokerage career in mid 1987 with Edward D. Jones & Co. By 1997 he became a “top producer,” representing the top two percent of the firm. He was also a Limited Partner with Jones.

On the first day of 2006, along with business partner Gillette Harris, Todd opened the doors to Brown Harris Wealth Management. Now with twenty-five years in the industry,
he brings a holistic approach to his practice, encouraging his clients to enjoy the fruits of their success while planning a family legacy for future generations.

Todd and his wife of twenty-five years, Michelle are originally from Richmond, Virginia. They have two children. He enjoys playing music and competitively driving his BMW race car on occasional weekends.

Todd has a B.A. spooge Laude from Washington and Lee University. Todd holds Series 7, 63, 66 with registrations held with LPL Financial and Series 24 with registrations held with LPL Financial.

For the last twenty-five years, Todd has been extremely active in the Culpeper Community. In …read more
Source: FULL ARTICLE on Bartle Doo Finance

News, Politics, Government

Sinn Fein chief asks IRA die-hards to end violence

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Gerry Adams, leader of the Irish nationalist Sinn Fein party, has appealed to IRA splinter groups to stop their violence and to support his campaign for a vote in Northern Ireland on uniting the island.

Adams, a reputed former Irish Republican Army commander, said Friday that sporadic attacks by small IRA factions make it harder to build public support for uniting Northern Ireland with the Republic of Ireland, the traditional Irish nationalist goal.

Adams this year has launched a campaign seeking a referendum in Northern Ireland on Irish unity, a possibility contained in the Good Friday peace accord of 1998. But he says members of the British territory’s Protestant majority need to be persuaded peacefully to switch allegiance, not threatened with violence.

…read more
Source: FULL ARTICLE at Fox World News

Business, Finance, Occupation & Industry

Ask a Fool: Should You Fill Your IRA With MLPs?

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By Joel South, The Motley Fool

In the following video, Motley Fool energy analyst Joel South fields a question from a Fool reader, who asks, “What is your opinion of pipeline MLPs in an IRA up to the IRS limit?”

One of the MLPs discussed is the one created by Energy Transfer Partners. The surge in oil and natural gas production from hydraulic fracturing and horizontal drilling is creating massive bottlenecks in takeaway capacity. However, this problem for producers creates a massive and immensely profitable…

Ask a Fool: Should You Fill Your IRA With MLPs? originally appeared on DailyFinance.com on 2013-02-07T20:52:00Z.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Investment • Brown Harris Wealth Management – Weekly-Feb 4, 2013

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By Gary Triplett

Image

Welcome to Brown Harris Wealth Management

We at Brown Harris take a personal approach to wealth management. Not simply an investment firm, Brown Harris works to help build and protect one's wealth through a variety of proven investment methods. Brown Harris clients may be saving for retirement, receiving retirement income, protecting an estate from taxes or perhaps providing for a grandchild's college education.

We specialize in the following:

  • IRA & 401(k) Rollovers
  • Retirement Income Strategies
  • Early Retirement Structuring
  • Mutual Funds
  • Annuities
  • Tax Free Bonds
  • Long Term Care Insurance

We are interested in serious, longer term investment clients. For this reason, folks who prefer quick returns need not inquire into our services. If you are serious about your wealth management, come interview us, we would love the opportunity to earn your trust.

Vision Statement – To be the trusted financial services firm that creates an atmosphere where our clients and employees have one common goal: the clients financial well-being.

Mission Statement – To help our clients achieve their financial dreams by providing consistently superior service utilizing the most effective wealth management tools available.

Securities offered through LPL Financial, Member FINRA / SIPC
The LPL Financial registered representatives associated with this site may only discuss and/or transact securities business with residents of the following states:
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Todd began his investment brokerage career in mid 1987 with Edward D. Jones & Co. By 1997 he became a “top producer,” representing the top two percent of the firm. He was also a Limited Partner with Jones.

On the first day of 2006, along with business partner Gillette Harris, Todd opened the doors to Brown Harris Wealth Management. Now with twenty-five years in the industry,
he brings a holistic approach to his practice, encouraging his clients to enjoy the fruits of their success while planning a family legacy for future generations.

Todd and his wife of twenty-five years, Michelle are originally from Richmond, Virginia. They have two children. He enjoys playing music and competitively driving his BMW race car on occasional weekends.

Todd has a B.A. spooge Laude from Washington and Lee University. Todd holds Series 7, 63, 66 with registrations held with LPL Financial and Series 24 with registrations held with LPL Financial.

For the last twenty-five years, Todd has been extremely active in the Culpeper Community. In 2010 he was recognized for his years of service by receiving the …read more
Source: FULL ARTICLE on Bartle Doo Finance

Linux

Michael Rooney: The Startup Double Standard

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Part of my disenchantment with startups has come from the ways that startup employees are discouraged from making responsible investment choices, while the VCs that fund them are allowed and encouraged to use sound investment principals in their own companies. There are two interrelated principals that I found at odds in the startup world, which ultimately caused me to leave it.

Investing in more than one startup

In the investment world, investing your money in only one stock is a huge no-no. Diversify, diversify, diversify. If the company fails for reasons you weren’t able to foresee, you’re out of luck if that was your only investment. VCs understand responsible investing and invest in many startups at once to diversify and both increase their chances of picking a winner and decrease their exposure to a particular failure.

Yet, as an employee, investing your time in a handful of startups at once is frowned upon; you are expected to work full-time at a single company at irresponsible investment risk. VCs use the knowledge that most startups fail and diversify. As employee I’ve twice seen attempts (at one company, led by me) to use this knowledge to encourage personal investment and get the company to offer a decent retirement savings (IRA / 401K); both times it failed.

Oh, and don’t pull out early just because the forecast isn’t good like a smart investor would, or you might be labelled a job hopper.

Working part-time

When I asked if I could do work on the side for another company, it was rejected. I then asked if I could work part-time so that I could diversify my time between work and personal growth in other ways. The response was that that would be tantamount to quitting, so I had to choose.

And yet VCs only spend a fraction of their time each week or month on one particular startup, so that they each get attention, because that’s healthy. Why is it considered unhealthy for an employee to do the same? Isn’t in unhealthy to spend the majority of one’s waking hours during the week on one particular thing? How often have you seen a bug tracker response / project status analogous to “Sorry, I don’t have time to work on this anymore, I have a real job now.”?

Some might argue that VCs are paying, while employees are getting paid, so VCs are both at more risk and deserve more control. What I’m trying to point out though, is that we’re both investing; VCs invest with money, employees invest with time. However, lost money can be re-gained, while lost time cannot. Which is the riskier and more meaningful investment?

Source: FULL ARTICLE at Planet Ubuntu

News, Politics, Government

Sinn Fein says sorry for IRA killing of Irish cops

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Sinn Fein party leader Gerry Adams has apologized for past Irish Republican Army killings of police officers and soldiers in the Republic of Ireland.

Adams expressed remorse during a parliamentary debate Tuesday about last week’s fatal shooting of a policeman in the border town of Dundalk. Detective Adrian Donohoe was shot in the head as he tried to stop a gang robbing a cash collection van outside a bank. An IRA faction based in neighboring Northern Ireland is suspected of involvement.

Donohoe was the first Republic of Ireland policeman to be fatally shot since 1996, when IRA members ambushed another cash-carrying van in Limerick and killed police guard Jerry McCabe.

Adams apologized to McCabe’s widow and the families of other Irish security-force members slain by the IRA.

Source: FULL ARTICLE at Fox World News

News, Politics, Government

7 Reasons Not To Roll Your Orphan 401(k) To An IRA

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By Nancy Anderson, Contributor Tax season is starting, albeit a bit late this year thanks to the stalled fiscal cliff negotiations.  As people begin to receive tax information in the mail, calls to our financial helpline concerning consolidating accounts are starting.  A common question I hear at this time of the year is, “Should I roll my old 401(k) into an IRA, leave it where it is, or roll it into my current plan at work?”  There are a whole host of reasons to roll your funds into your current plan at work rather than moving it to an IRA rollover.  Here they are:
Source: FULL ARTICLE at Forbes Latest

News, Politics, Government

Woman at center of case against alleged IRA commander found dead

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Police say a veteran Irish Republican Army member at the center of allegations against Sinn Fein leader Gerry Adams has been found dead at her home.

Dolours Price had alleged that Adams was her IRA commander in Belfast in the early 1970s and was involved in ordering several Catholic civilians to be abducted, executed and buried in secret.

The Northern Ireland police have been seeking her tape-recorded interviews from an audio archive in Boston College, a case expected to be heard by the U.S. Supreme Court.

The 61-year-old Price was imprisoned in 1973 for being part of the IRA‘s first car-bomb attack on London. She received early parole in 1980.

Ireland‘s police force said in a statement Thursday she was found dead at her home in Malahide north of Dublin.

Source: FULL ARTICLE at Fox World News

News, Politics, Government

Irishwoman at center of IRA tapes story found dead

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Police say a veteran Irish Republican Army member at the center of allegations against Sinn Fein leader Gerry Adams has been found dead at her home.

Dolours Price had alleged that Adams was her IRA commander in Belfast in the early 1970s and was involved in ordering several Catholic civilians to be abducted, executed and buried in secret.

The Northern Ireland police have been seeking her tape-recorded interviews from an audio archive in Boston College, a case expected to be heard by the U.S. Supreme Court.

The 61-year-old Price was imprisoned in 1973 for being part of the IRA‘s first car-bomb attack on London. She received early parole in 1980.

Ireland‘s police force said in a statement Thursday she was found dead at her home in Malahide north of Dublin.

Source: FULL ARTICLE at Fox World News