But then a path was cleared for her. There was a man on TV, a man of faith, talking to her about InventHelp. Here was a Pennsylvania-based company operating for 30 years that had helped thousands of inventors turn their ideas into profitable reality. There, standing before her, was George Foreman, the two-time heavyweight champion and Olympic gold medalist who’d gone on to George Foreman’s Grill renown and was now reaching out to help others just as he’d been helped to fame and fortune. And above all, George Foreman was an ordained Christian minister. Who better to believe in? “I really trusted him. I really believed that it was on the up-and-up because his face was on it.” A friend of hers had just invested in InventHelp, also drawn in by the George Foreman spots. So in 2012 Calhoun called InventHelp and was assured she had a winning idea in “The Word of God Bedding.” She really liked the person she talked with; she was so enthusiastic. … [Read more...] about Inventors Suing InventHelp Want to Know Why George Foreman Represents the Company
Using 401k to pay off student loans
Mike Turner always knew he was going to be a farmer.He learned to drive a tractor at age five — joined at the hip of his grandfather and father on the family farm.“I’ve been doing it a long time,” Turner said. “I’m 31 now.”He’s the fourth generation on the farm. Turner recalls riding on the fender of a tractor with his grandfather, cutting hay. The farming life is all he’s ever known.“I like working with equipment,” Turner said. “I’m a natural with technology. And I love tractors. One of my big hobbies is tractor pulls.”He also loves the freedom of working outdoors and being his own boss.The world is changing for farmers. As more grow older, there aren’t enough young ones to take their place.Wisconsin lost 500 dairy farms over the last year, according to the most recent data from the state Department of Agriculture, Trade and Consumer Protection. There were 8,801 dairy herds licensed in Wisconsin … [Read more...] about Farmers grow older as obstacles for young farmers grow
Is it ever OK to raid your 401(k) before you reach retirement age? It's almost never a good idea to withdraw money from a 401(k) plan early. The costs of dipping into that fund before it matures can set the stage for later retirement -- or no retirement at all. For that reason, most 401(k) accounts have a series of penalties in place to make it extremely difficult to take out money early: Employers want you to leave the balance untouched as long as possible, allowing it to grow so that you can benefit from it in retirement. But despite built-in disincentives, more than one-third of 401(k) participants dipped into their retirement early, according to a major study, often to cover surprise expenses. Here are some factors to weigh if you find yourself in that situation. Taxes and penalties Any money withdrawn from a 401(k) plan is taxed at your regular income rate. Withdrawing before the IRS-mandated age of "59½" usually means that money is subject to an … [Read more...] about Is it ever OK to raid your 401(k)?
Last Updated Feb 18, 2011 6:12 PM EST "Should I pay off my credit card debt or use the money to save for retirement?" I hear this question frequently from people in their 20s and 30s, and it's a good follow-up question to my earlier post, Retirement Planning Advice for My 20-Something Son. Some people even have a budget for their savings: "I can save $5,000 this year, so how should I prioritize my savings goals?" My first thought is, if you think you can save $5,000 per year, figure out how to save $6,000! I contend that most people can save more than they think they can by taking a hard look at their spending habits. Most people don't have enough money to meet all their savings needs, so you'll meet your goals faster if you can figure out how to save more. guidelines for prioritizing your savings depending on the choices you might face.First, save enough to build up an emergency fund that equals your living expenses for three to six months. This is just in case you get laid off from … [Read more...] about Should You Save for Retirement or Pay Off Credit Card Debt?
Q: I work in HR, and recently I’ve been reading about an emerging trend in company benefits—student loan payment matching. I understand that millennials and Gen Z are entering the workforce saddled with debt, so it could be a huge way to attract young talent. Should I expect this—and other alternative benefits—to become mainstream? Are health insurance and 401k matching no longer enough? A: No, health insurance and 401k matching are not enough anymore. Millennials are in a significantly different situation than previous generations entering the workforce. The costs of living, housing, and higher education are astronomical and the amount of student debt this generation is graduating with is much higher than any generation before them. Employers who are eager to hire talented younger workers need to pay more competitive bases and recognize what other types of monetary support these new employees can benefit from. Many recent surveys have revealed that young people … [Read more...] about Elaine Varelas Weighs in on Student Loan Reimbursement Benefits