News

[ad_1] The semiconductor shortage issue and supply chain constraints that have plagued the auto industry are unlikely to be resolved this year and the situation may improve only in 2023, according to Mercedes-Benz India Managing Director and CEO Martin Schwenk. While demand for the company’s products continues to be buoyant with order book size increasing, he said there is a concern over the global economic uncertainties and geopolitical crisis having an impact on India, thus putting a question mark over how things would be in the next six to 12 months.”The supply situation, unfortunately, has not improved. We still have shortages of semiconductors. We have congestion in the shipments and harbours. We have missing components in our production. So I would say unfortunately, the future remains very hard to predict as well,” Schwenk told PTI in an interview. Elaborating on the impact of the issue, he said, “We have significant supply constraints still in our entire chain, which limits us in delivering as many cars as we would have wanted at the moment. It still puts us into long waiting periods for most of our models. That’s the unfortunate situation at the moment.” Stressing that this will not change during the year, Schwenk said, “I don’t see that improving. If anything, then maybe next year, but not this year. I don’t foresee any improvement.” Commenting on the global economic uncertainties and geopolitical crisis, he said, “The level of instability has not improved. Things have even gotten more volatile, even compared to say, three, four months ago.” Citing hiking of interest rates by many central banks, Schwenk said this raises a lot of questions regarding the economic situation in the short-to-medium term and how it could impact business.” I think in that sense, there is a lot of uncertainty in the global picture…Of course, the Ukraine-Russia war has increased that uncertainty as well. Stock markets have reacted…There’s a lot of uncertainty and it’s actually worse than it was three, four or five months ago,” he said.In India also there is a similar trend in the stock market and the RBI too has raised interest rates, he added.” So the global situation to some level, (is) trickling down to India but I cannot see it at the moment in our actual operations. However, it creates a couple of question marks now for the next six to 12 months,” he said.So far, he said, Mercedes-Benz India has not not seen that trickling down to consumer behaviour, at least not in the luxury segment. On the demand side, he said the company continues to witness its order book increase, including in June compared to the previous month and it has over 5,000 open orders.”The consumer climate has not shifted to the question mark yet at this stage. So we see very strong demand for our products,” he added.When asked if there is a fear that the global uncertainties and external factors might impact consumer sentiments here in India too, he said, “We have to monitor what’s happening…We have inflation topics, we have pricing topics. So we were forced several times to increase prices, mostly because input cost was going up. So we had to some extent, pass that on. Pricing has suffered in that sense.” He further said, “I would hope that we have enough growth momentum to offset that, because there is a demand, and there is a strong positivity in the business community itself, which is, to a large extent, based on the successful couple of last months and quarters.” [ad_2] Source link

[ad_1] Building wealth takes time and patience, but it also requires you to take real, actionable steps with your money. After all, you won’t get rich by keeping your extra cash under your mattress and hoping for the best. You have to invest your money if you want it to start growing to its full potential. But, how do you do that if you only have $100 to get started? That’s not a lot of capital, but it’s definitely better than nothing. Also know that most “regular people” who’ve built real wealth started with small sums, kept on investing, and watched as their money snowballed from there. Not only that, but the act of learning how to invest is often all it takes to change someone’s mindset about money, and to get them on a path to earning more cash in other ways. Having $100 in the bank might not seem like a lot, but it may be all you need to change your future for the better. If you’re wondering how to invest $100, how to flip $100, and how to invest and make money daily, you’re in the right place. #ap37236-ww{padding-top:20px;position:relative;text-align:center;font-size:12px;font-family:Archivo, sans-serif}#ap37236-ww #ap37236-ww-indicator{text-align:right;color:#4a4a4a}#ap37236-ww #ap37236-ww-indicator-wrapper{display:inline-flex;align-items:center;justify-content:flex-end;margin-bottom:8px}#ap37236-ww #ap37236-ww-indicator-wrapper:hover #ap37236-ww-text{display:block}#ap37236-ww #ap37236-ww-indicator-wrapper:hover #ap37236-ww-label{display:none}#ap37236-ww #ap37236-ww-text{margin:auto 3px auto auto}#ap37236-ww #ap37236-ww-label{margin-left:4px;margin-right:3px}#ap37236-ww #ap37236-ww-icon{margin:auto;display:inline-block;width:16px;height:16px;min-width:16px;min-height:16px;cursor:pointer}#ap37236-ww #ap37236-ww-icon img{vertical-align:middle;width:16px;height:16px;min-width:16px;min-height:16px}#ap37236-ww #ap37236-ww-text-bottom{margin:5px}#ap37236-ww #ap37236-ww-text{display:none}#ap37236-ww #ap37236-ww-icon img{text-indent:-9999px;color:transparent} Ads by Money. We may be compensated if you click this ad.Ad #ap37236-w-map{max-width:600px;padding:20px 0 10px;margin:0 auto;text-align:center;font-family:”Lato”, Arial, Roboto, sans-serif}#ap37236-w-map #ap37236-w-map-title{color:#212529;font-size:18px;font-weight:700;line-height:27px}#ap37236-w-map #ap37236-w-map-subtitle{color:#9b9b9b;font-size:16px;font-style:italic;line-height:24px}#ap37236-w-map #ap37236-w-disclosure{margin-top:10px;font-size:12px;color:#9b9b9b}#ap37236-w-map #ap37236-w-map-map{max-width:98%;width:100%;height:0;padding-bottom:65%;margin-bottom:20px;position:relative}#ap37236-w-map #ap37236-w-map-map svg{position:absolute;left:0;top:0}#ap37236-w-map #ap37236-w-map-map svg path{fill:#e3efff;stroke:#9b9b9b;pointer-events:all;transition:fill 0.6s ease-in, stroke 0.6s ease-in, stroke-width 0.6s ease-in}#ap37236-w-map #ap37236-w-map-map svg path:hover{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9;cursor:pointer}#ap37236-w-map #ap37236-w-map-map svg g rect{fill:#e3efff;stroke:#9b9b9b;pointer-events:all;transition:fill 0.6s ease-in, stroke 0.6s ease-in, stroke-width 0.6s ease-in}#ap37236-w-map #ap37236-w-map-map svg g text{fill:#000;text-anchor:middle;font:10px Arial;transition:fill 0.6s ease-in}#ap37236-w-map #ap37236-w-map-map svg g .ap00646-w-map-state{display:none}#ap37236-w-map #ap37236-w-map-map svg g .ap00646-w-map-state rect{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9}#ap37236-w-map #ap37236-w-map-map svg g .ap00646-w-map-state text{fill:#fff;font:19px Arial;font-weight:bold}#ap37236-w-map #ap37236-w-map-map svg g:hover{cursor:pointer}#ap37236-w-map #ap37236-w-map-map svg g:hover rect{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9}#ap37236-w-map #ap37236-w-map-map svg g:hover text{fill:#fff}#ap37236-w-map #ap37236-w-map-map svg g:hover .ap00646-w-map-state{display:initial}#ap37236-w-map #ap37236-w-map-btn{padding:9px 41px;display:inline-block;color:#fff;font-size:16px;line-height:1.25;text-decoration:none;background-color:#1261c9;border-radius:2px}#ap37236-w-map #ap37236-w-map-btn:hover{color:#fff;background-color:#508fc9} If you are a beginner stock trader or investor, choosing the right stockbroker is super important. Online Stockbrokers will guide you with their vast knowledge, so you can wisely invest your hard-earned dollars. Don't give it a second thought and click on your state today. HawaiiAlaskaFloridaSouth CarolinaGeorgiaAlabamaNorth CarolinaTennesseeRIRhode IslandCTConnecticutMAMassachusettsMaineNHNew HampshireVTVermontNew YorkNJNew JerseyDEDelawareMDMarylandWest VirginiaOhioMichiganArizonaNevadaUtahColoradoNew MexicoSouth DakotaIowaIndianaIllinoisMinnesotaWisconsinMissouriLouisianaVirginiaDCWashington DCIdahoCaliforniaNorth DakotaWashingtonOregonMontanaWyomingNebraskaKansasOklahomaPennsylvaniaKentuckyMississippiArkansasTexas View Results Can $100 Really Make a Difference? Learning how to invest can feel like you’re playing a game of “catch-up” at first, and that’s especially true when you only have small sums of cash to start the process. After all, we’ve all heard of people who have made millions of dollars investing in the right stocks, crypto, or non-fungible tokens (NFTs) at the right time, or coming up with an awesome business idea nobody had ever thought of before. However, you really do have to change your mindset if you want to flip $100 and turn it into substantial sums of money. The reality is, there are plenty of situations where you could have turned $100 into thousands, tens of thousands or even hundreds of thousands had you invested at the right time. Don’t believe me? The chart below shows how much $100 would be worth today if you invested approximately 10 years ago: Company/Stock Invested 10 Years Ago Investment Value Today Google (GOOG) $100 $685 Tesla (TSLA) $100 $12,081 Amazon (AMZN) $100 $1,190 Bitcoin (BTC) $100 $380,692 Investing $100 into Bitcoin a decade ago would have seemed crazy at the time, yet a single Bitcoin purchased in 2012 would have set you back just $5.29. If you were forward-thinking enough to get in the game early on, imagine how many Bitcoins you could have purchased and what they might be worth today. Remember the 12-year-old who made NFTs and used them to build a crypto wallet worth over $1 million dollars? How about the teenager who made millions on Bitcoin after investing what he had at the time ($1,000) in 2011? These stories are absolutely real, and they happened to real people who had the courage and foresight to create something or invest at just the right time. #ap46181-ww{padding-top:20px;position:relative;text-align:center;font-size:12px;font-family:Archivo, sans-serif}#ap46181-ww #ap46181-ww-indicator{text-align:right;color:#4a4a4a}#ap46181-ww #ap46181-ww-indicator-wrapper{display:inline-flex;align-items:center;justify-content:flex-end;margin-bottom:8px}#ap46181-ww #ap46181-ww-indicator-wrapper:hover #ap46181-ww-text{display:block}#ap46181-ww #ap46181-ww-indicator-wrapper:hover #ap46181-ww-label{display:none}#ap46181-ww #ap46181-ww-text{margin:auto 3px auto auto}#ap46181-ww #ap46181-ww-label{margin-left:4px;margin-right:3px}#ap46181-ww #ap46181-ww-icon{margin:auto;display:inline-block;width:16px;height:16px;min-width:16px;min-height:16px;cursor:pointer}#ap46181-ww #ap46181-ww-icon img{vertical-align:middle;width:16px;height:16px;min-width:16px;min-height:16px}#ap46181-ww #ap46181-ww-text-bottom{margin:5px}#ap46181-ww #ap46181-ww-text{display:none}#ap46181-ww #ap46181-ww-icon img{text-indent:-9999px;color:transparent} Ads by Money. We may be compensated if you click this ad.Ad #ap46181-w-text{padding:20px 0 10px;margin:0 auto;text-align:center;font-family:”Lato”, Arial, Roboto, sans-serif}#ap46181-w-text #ap46181-w-text-title{color:#212529;font-size:20px;font-weight:700;line-height:30px}#ap46181-w-text #ap46181-w-text-subtitle{color:#9b9b9b;font-size:16px;font-style:italic;line-height:24px}#ap46181-w-text #ap46181-w-disclosure{color:#9b9b9b;margin-top:10px;font-size:12px}#ap46181-w-text #ap46181-w-text-btn{margin-top:25px;padding:9px 13px;display:inline-block;color:#fff;font-size:16px;line-height:20px;text-decoration:none;background-color:#1261c9;border-radius:2px}#ap46181-w-text #ap46181-w-text-btn:hover{color:#fff;background-color:#508fc9} Want to grow as an investor, no matter your level? Public.com is the investing platform that helps people become better investors. Build your portfolio alongside over a million other community members. Download Now Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures. Can You Really Become a Millionaire with $100? If you don’t want to make risky bets that may or may not pay off, you can still become a millionaire by investing relatively small sums of money over time. The key to winning at this game is investing in assets that can provide a fairly steady return you can count on, and making sure your contributions are consistent and automatic. For example, it’s totally possible to invest $100 per month into a combination of index funds, ETFs, and individual stocks and then turn the money into more than $1 million dollars over the long term. You may have to wait decades to become a millionaire, but it’s still totally possible. The chart below shows how long you would have to invest and the type of return you’ll need to hit the $1 million mark during your lifetime. Monthly Investment % Earned 10 Years 20 Years 30 Years 40 Years $100 6% $15,816.95 $44,142.71 $94,869.82 $185,714.36 $100 8% $17,383.87 $54,914.36 $135,939.85 $310,867.82 $100 10% $19,124.91 $68,730 $197,392.83 $531,111.07 $100 12% $21,058.48 $86,462.93 $289,599.22 $920,509.70 $100 14% $23,304.75 $109,229.91 $428,144.22 $1,610.430.12 What Should You Do With $100? What it really boils down to is this: How do you want to spend the $100 you have right now, as well as the hundreds (or thousands) of extra dollars you’ll have over the next few years? For the most part, you have three main options

[ad_1] The post Best Mint Alternatives to Explore in 2022 appeared first on Millennial Money. When it comes to personal finance tools, it’s hard to top Mint.com, which is a free app that comes with powerful features. But while Mint is undoubtedly a great product, there are other financial management apps available for Android and iPhone that can help you stay on top of your various accounts. That being the case, it makes sense to shop around to find a program that meets your exact needs and specifications. With that in mind, let’s take a closer look at some of the best Mint alternatives for 2022. Table of contents Best Mint Alternatives for Personal Finance Personal Capital You Need a Budget (YNAB)  Quicken  Tiller Money  Spendee PocketGuard Mobills Digit Zeta Honeydue Banktivity Prism Goodbudget Splitwise  Wally Microsoft Excel Mint: A Basic Overview  Budgeting Credit Monitoring  Portfolio Tracker  Bill Payment Tracker Frequently Asked Questions (FAQs) Are Budgeting Apps Safe? Is Powerwallet Still a Company? Do I Need to Use an App to Budget? Should I Pay Money for a Personal Finance App? The Bottom Line Best Mint Alternatives for Personal Finance Personal Capital Personal Capital is a popular app that offers three types of financial services: cash management, wealth management, and free personal finance tools. Personal Capital Cash offers unlimited money transfers and direct deposits for paychecks. It has no fees, and you can access it over any mobile device. The app’s wealth management service is for customers who have over $100,000 in the bank. It offers planning assistance and unlimited financial advice. Most investors tend to use Personal Capital for its free financial tools, which include a net worth tracker, a savings planner, a retirement planner, a fee analyzer, and an investment checkup service. These helpful tools can help shed light on your overall financial situation and make sure your accounts are moving in the right direction. You Need a Budget (YNAB)  YNAB offers a handy app that’s purely for budgeting. This platform makes budgeting fun and straightforward, using helpful visuals and educational resources to give you more control over your financial situation. With YNAB, you can set goals and budgets with other people in your network. The app also provides budgeting reports and personal support, giving you even more help on your journey to financial independence. YNAB costs $11.99 per month, or $84 per year—a drop in the bucket compared to how much you could potentially save. You Need A Budget FREE Start budgeting the right way with You Need a Budget. Get Started with YNAB Quicken  Quicken is one of the biggest names in personal finance software. The company makes it fast and easy to take control of your finances and view your entire financial portfolio from one user-friendly program. With Quicken, you can manage spending, create budgets, view and manage bills, set goals, and track investments. The company also offers the Quicken Companion app, which works with the Quicken desktop service, and Simplifi, which is a standalone mobile app. One of the best parts about working with Quicken is that you get access to excellent support. As a big brand name, Quicken offers a fantastic help center, expert community, and a friendly technical support team. The company also offers several different plans, including Quicken Starter, Deluxe, Premier, and Home & Business. Of note, Quicken is one of the best programs for small business management. So, if you work for yourself, it’s worth checking out. Tiller Money  Tiller Money is another popular app that you can use to centralize your finances and gain more clarity into your financial situation. The solution is interesting in that it combines traditional spreadsheet-style reporting with a modern app, providing enhanced security and a user-friendly interface. There are also custom templates available for advanced functions like tracking net worth and paying off debt. Tiller gives customers the option to pay $6.58 per month or $79 annually. There’s currently a free 30-day trial available, so you don’t have to worry about paying any money until you’re sure you like it. Spendee Spendee lets you see all of your cash expenses, e-wallets, crypto wallets, and bank accounts together over a single app. This app makes it easy to get a quick overview of your total income and expenses. Plus, you can create budgets to save for specific items. Spendee is an excellent option if you want to better understand your financial habits and track spending. The app also has a shared wallets feature for families, couples, and roommates. Spendee offers a free basic plan along with two premium options that cost $14.99 and $22.99 annually. My advice is to start with the free version, see how it goes, and decide whether it’s worth upgrading. PocketGuard PocketGuard is another app that brings multiple accounts together into one location so you can see how much disposable income you have. By using PocketGuard, you can optimize spending and put more money away for long-term growth. The app also provides personalized reports and comes with a debt payoff component. One of the best features of PocketGuard is a tool that lets you track and lower your bills. The app even negotiates better rates with cell phone and cable providers on your behalf, helping you keep more of the money you worked so hard to earn. PocketGuard offers three pricing options. There’s a monthly plan at $7.99, an annual plan at $79.99, and a lifetime membership at $99.99. Mobills Mobills delivers a powerful personal finance app that tracks money and assists with budgeting. The app makes it easy to see all your finances from one screen and understand where your money is going on a daily basis. It lets you create categories for various expenses and income streams, receive bill reminders, and access charts with spending data. One of the nice features of Mobills is its credit card manager. This tool can make it easier to pay off cards in full each month and avoid penalties and high interest

[ad_1] In previous years, I’ve picked a long list and big stack of books I want to read that year. I’ve found that I struggle to stick with that list because I always find so many other books I want to read and that initial list makes me feel kind of guilty that I’m not following through. Instead of trying that approach again, I’m experimenting with something different in 2022: I’m going to set monthly reading goals. At the beginning of the month, I’ll pick a stack of books I want to read that month and I’ll focus on reading those books throughout the month. This way, I can make room for the many new or new-to-me titles I discover throughout the year. Plus, I can pick fewer books to read on the months that I know there is a lot going on. A few of these are titles I had planned to read in previous months and didn’t get finished, so they are on my stack again — and I’m hoping to finish them this month! Social Sanity in an Insta World This book looked like it had some great encouragement when it came to using social media in a wise manner. When Making Others Happy is Making You Miserable I am a few chapters into this book and have heard from many that it’s a book they are very interested in and wanted me to read and review. Raising Emotionally Strong Boys I’m a big fan of Sissy Goff’s book, Raising Worry-Free Girls, so I’m excited that there’s finally a counterpart book by her podcast co-host and counseling center co-director, David Thomas. I got to meet him when I recently did a podcast interview for their podcast, so I’m really excited to read this pre-release copy. Together is a Beautiful Place This looked like a helpful book on friendship. I’m always looking for good books on friendship as it’s a question I’m often asked for resources on. Becoming Elisabeth Elliot So many people have told me I *must* read this book. I’ve so appreciated Elisabeth Elliot’s writings over the years so I’m looking forward to learning more about her life. Slow Growth Equals Strong Roots One of my fellow leaders at youth group got this book for me and thought it would not only be encouraging to me but helpful as I lead teen girls. Resilient I loved John Eldredge’s last book, so I put this on my stack as soon as I was sent a pre-release copy. Embrace Your Almost This book has been highly recommended by people I respect, so I can’t wait to dig into it. Beneath a Scarlet Sky So many of you have highly recommended this book and it’s high time I finally read it. I’m about a third of the way through it. Forgiving Paris This fiction book was highly recommended to me by multiple people. I’ve really enjoyed other Karen Kingsbury books in the past, so I can’t wait to dive into this. What are you reading in July? [ad_2] Source link

[ad_1] Recently Parle Products, the maker of the popular Parle-G biscuit, announced the launch of its Parle-G oats and berries offering, and extended the Parle-G brand to Kismi cinnamon. For a brand not known to take impulsive decisions, these extensions beg two questions: Why? And why now? Mayank Shah, senior category head, Parle Products, explains that the new oats and berries variant is in response to consumers today seeking out healthier options. The Kismi cinnamon biscuit is aimed at coffee-drinkers, given the compatibility in flavour. “Parle-G has always been viewed as a healthy biscuit option, and our new launch reinforces that perception. Given that Parle-G and Kismi are legacy brands that have been part of everyone’s lives, the idea was to expand the offerings in response to specific consumer needs,” he says. Parle is targeting consumers in the 15-25 age bracket with these new launches. Parle-G is the most recent of several brands that are reinventing themselves in response to changing consumer preferences. Beyond cosmetic changes Life insurance brand Bajaj Allianz may be just over 20 years old and hence a relatively young brand, but it operates in a category that is seen as highfalutin, and dominated by a behemoth like LIC. Just before Covid struck, the brand underwent an overhaul with a new tagline and communication aimed at demystifying the category while talking directly to millennial consumers. An in-house survey revealed that young consumers today seek to achieve their life goals faster than their parents. “We anchored our identity on the premise of being a life-goal enabling brand. Our strategy hinges on three pillars – simplification, being purposeful and digitalisation,” says Chandramohan Mehra, chief marketing officer at Bajaj Allianz Life Insurance. Reinventing a brand’s image is no mean feat, especially when the challenges involve keeping it relevant and relatable. Neeraj Sharma, senior VP, planning, L&K Saatchi & Saatchi, notes some brands opt to do this the easy way by roping in a young celebrity or through cool imagery or a rap song. However, brands need to go beyond superficial modifications when repositioning themselves. “Companies can do this by finding insights about their audience and letting their lives reflect in the brand communication. For example, Airtel created the ‘Har ek friend zaruri hota hai’ campaign, which kept the brand pillars of human connection intact while reinterpreting them for younger consumers,” he says. Dialling up engagement Personal care brand Cinthol, from the Godrej Consumer Products (GCPL) stable is another example. It may have been launched 70 years ago, but has continued to thrive in an increasingly fragmented market. The secret? Occasional brand rejuvenation. Somasree Bose Awasthi, CMO, GCPL, notes that Cinthol has managed to stay relevant by associating with the youth icons of its time. “For our last re-launch, we reimagined the bathing experience and extended it to an outdoorsy experience. This resonated with the youth, especially those who enjoy travel and adventure. We have been communicating more on digital too,” she says. Cinthol’s portfolio has also been expanded to include products like deodorant sprays, talc and body washes. During the pandemic, Cinthol’s digital initiatives saw engagement as high as 30%-35%, way above the average 5%. For Bajaj Allianz, the share of digital in the media mix is almost 60% now. “Nearly half of our customers today are under 35 years. Our brand transformation, which broke away from the traditional concept of life insurance, has definitely spoken to young consumers,” says Mehra. Net net, brand rejuvenation is an ongoing exercise. And here is a word of advice from a brand that has been there, done that, over and over again: “Listen to consumers regularly because you never know when your cheese may be moved. And don’t lose sight of your brand’s core strengths but rather evaluate regularly how they can be evolved to meet a consumer’s changing needs,” as Awasthi puts it. Read Also: Seasonality and sports apps: What it means for mobile marketers in 2022 Follow us on Twitter, Instagram, LinkedIn, Facebook [ad_2] Source link

[ad_1] It’s a sad fact, but we’re all mortal and one day we will all die. This is true whether we have retired or not and there’s a 100% chance of that happening. According to Vanguard, over 25% of all Americans have a 401k plan. This means 1 out of every 4 Americans will be forced to deal with a 401k plan after someone passes away. That brings us to the all-important question: What happens to our 401k when we die? Generally speaking, what happens to your 401k when you die depends on a few things: whether you have any beneficiaries designated, what type of 401k plan you have, and what the rules of that particular plan are. If you have designated beneficiaries for your 401k, then they will receive the money in the account after you die. The money will be distributed according to the terms of the 401k plan. If you do not have any designated beneficiaries, then the money in your 401k will become part of your estate and will be distributed according to the terms of your will. If you have a traditional 401k plan, the money in the account will be taxed as income when it is distributed to your beneficiaries. If you have a Roth 401k plan, the money in the account will not be taxed when it is allocated to your beneficiaries. #ap37422-ww{padding-top:20px;position:relative;text-align:center;font-size:12px;font-family:Archivo, sans-serif}#ap37422-ww #ap37422-ww-indicator{text-align:right;color:#4a4a4a}#ap37422-ww #ap37422-ww-indicator-wrapper{display:inline-flex;align-items:center;justify-content:flex-end;margin-bottom:8px}#ap37422-ww #ap37422-ww-indicator-wrapper:hover #ap37422-ww-text{display:block}#ap37422-ww #ap37422-ww-indicator-wrapper:hover #ap37422-ww-label{display:none}#ap37422-ww #ap37422-ww-text{margin:auto 3px auto auto}#ap37422-ww #ap37422-ww-label{margin-left:4px;margin-right:3px}#ap37422-ww #ap37422-ww-icon{margin:auto;display:inline-block;width:16px;height:16px;min-width:16px;min-height:16px;cursor:pointer}#ap37422-ww #ap37422-ww-icon img{vertical-align:middle;width:16px;height:16px;min-width:16px;min-height:16px}#ap37422-ww #ap37422-ww-text-bottom{margin:5px}#ap37422-ww #ap37422-ww-text{display:none}#ap37422-ww #ap37422-ww-icon img{text-indent:-9999px;color:transparent} Ads by Money. We may be compensated if you click this ad.Ad #ap37422-w-map{max-width:600px;padding:20px 0 10px;margin:0 auto;text-align:center;font-family:”Lato”, Arial, Roboto, sans-serif}#ap37422-w-map #ap37422-w-map-title{color:#212529;font-size:18px;font-weight:700;line-height:27px}#ap37422-w-map #ap37422-w-map-subtitle{color:#9b9b9b;font-size:16px;font-style:italic;line-height:24px}#ap37422-w-map #ap37422-w-disclosure{margin-top:10px;font-size:12px;color:#9b9b9b}#ap37422-w-map #ap37422-w-map-map{max-width:98%;width:100%;height:0;padding-bottom:65%;margin-bottom:20px;position:relative}#ap37422-w-map #ap37422-w-map-map svg{position:absolute;left:0;top:0}#ap37422-w-map #ap37422-w-map-map svg path{fill:#e3efff;stroke:#9b9b9b;pointer-events:all;transition:fill 0.6s ease-in, stroke 0.6s ease-in, stroke-width 0.6s ease-in}#ap37422-w-map #ap37422-w-map-map svg path:hover{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9;cursor:pointer}#ap37422-w-map #ap37422-w-map-map svg g rect{fill:#e3efff;stroke:#9b9b9b;pointer-events:all;transition:fill 0.6s ease-in, stroke 0.6s ease-in, stroke-width 0.6s ease-in}#ap37422-w-map #ap37422-w-map-map svg g text{fill:#000;text-anchor:middle;font:10px Arial;transition:fill 0.6s ease-in}#ap37422-w-map #ap37422-w-map-map svg g .ap00646-w-map-state{display:none}#ap37422-w-map #ap37422-w-map-map svg g .ap00646-w-map-state rect{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9}#ap37422-w-map #ap37422-w-map-map svg g .ap00646-w-map-state text{fill:#fff;font:19px Arial;font-weight:bold}#ap37422-w-map #ap37422-w-map-map svg g:hover{cursor:pointer}#ap37422-w-map #ap37422-w-map-map svg g:hover rect{stroke:#1261C9;stroke-width:2px;stroke-linejoin:round;fill:#1261C9}#ap37422-w-map #ap37422-w-map-map svg g:hover text{fill:#fff}#ap37422-w-map #ap37422-w-map-map svg g:hover .ap00646-w-map-state{display:initial}#ap37422-w-map #ap37422-w-map-btn{padding:9px 41px;display:inline-block;color:#fff;font-size:16px;line-height:1.25;text-decoration:none;background-color:#1261c9;border-radius:2px}#ap37422-w-map #ap37422-w-map-btn:hover{color:#fff;background-color:#508fc9} If you're concerned about your family's wellbeing, Life Insurance can give you some peace of mind. Should anything happen to you, you'll want to leave your loved ones a financial nest egg for their wellbeing. Click on your state to find out more. HawaiiAlaskaFloridaSouth CarolinaGeorgiaAlabamaNorth CarolinaTennesseeRIRhode IslandCTConnecticutMAMassachusettsMaineNHNew HampshireVTVermontNew YorkNJNew JerseyDEDelawareMDMarylandWest VirginiaOhioMichiganArizonaNevadaUtahColoradoNew MexicoSouth DakotaIowaIndianaIllinoisMinnesotaWisconsinMissouriLouisianaVirginiaDCWashington DCIdahoCaliforniaNorth DakotaWashingtonOregonMontanaWyomingNebraskaKansasOklahomaPennsylvaniaKentuckyMississippiArkansasTexas Get a Free Quote What Happens to 401 K When you Die Before Retirement? If you die before retirement, the money in your 401k will be distributed to your beneficiaries according to the terms of the plan. If you have a traditional 401k plan, then the money in the account will be taxed as income when it is distributed to your beneficiaries. The same rules apply if you have a Roth 401k. They also could initiate a rollover of the 401k assets into an Inherited IRA. According to Fidelity, “An inherited IRA allows the designated beneficiary to keep the money in the account and take required minimum distributions (RMDs) based on his or her own life expectancy.” It is important to note that if you die before retirement, your beneficiaries will not be able to continue contributing to the account. Nor will they be able to take advantage of any employer matching contributions that may have been available to you. #ap58411-ww{padding-top:20px;position:relative;text-align:center;font-size:12px;font-family:Archivo, sans-serif}#ap58411-ww #ap58411-ww-indicator{text-align:right;color:#4a4a4a}#ap58411-ww #ap58411-ww-indicator-wrapper{display:inline-flex;align-items:center;justify-content:flex-end;margin-bottom:8px}#ap58411-ww #ap58411-ww-indicator-wrapper:hover #ap58411-ww-text{display:block}#ap58411-ww #ap58411-ww-indicator-wrapper:hover #ap58411-ww-label{display:none}#ap58411-ww #ap58411-ww-text{margin:auto 3px auto auto}#ap58411-ww #ap58411-ww-label{margin-left:4px;margin-right:3px}#ap58411-ww #ap58411-ww-icon{margin:auto;display:inline-block;width:16px;height:16px;min-width:16px;min-height:16px;cursor:pointer}#ap58411-ww #ap58411-ww-icon img{vertical-align:middle;width:16px;height:16px;min-width:16px;min-height:16px}#ap58411-ww #ap58411-ww-text-bottom{margin:5px}#ap58411-ww #ap58411-ww-text{display:none}#ap58411-ww #ap58411-ww-icon img{text-indent:-9999px;color:transparent} Ads by Money. We may be compensated if you click this ad.Ad #ap58411-w-text{padding:20px 0 10px;margin:0 auto;text-align:center;font-family:”Lato”, Arial, Roboto, sans-serif}#ap58411-w-text #ap58411-w-text-title{color:#212529;font-size:20px;font-weight:700;line-height:30px}#ap58411-w-text #ap58411-w-text-subtitle{color:#9b9b9b;font-size:16px;font-style:italic;line-height:24px}#ap58411-w-text #ap58411-w-disclosure{color:#9b9b9b;margin-top:10px;font-size:12px}#ap58411-w-text #ap58411-w-text-btn{margin-top:25px;padding:9px 13px;display:inline-block;color:#fff;font-size:16px;line-height:20px;text-decoration:none;background-color:#1261c9;border-radius:2px}#ap58411-w-text #ap58411-w-text-btn:hover{color:#fff;background-color:#508fc9} Online Financial Advisors are ready to provide you with quality economic planning and investment management. Have your finances undergone a big change? An advisor can put crucial information within your reach for better financial health. Click below today! Get Started Understanding 401(k) Beneficiaries A beneficiary is someone who you designate to receive the assets in your 401k after you die. You can name more than one beneficiary, and you can change your beneficiaries at any time. Typically your spouse is the primary beneficiary and your children are the contingent beneficiaries, but this is not always the case. You can name anyone as a beneficiary, including your parents, siblings, friends, or a charitable organization. The rules for 401k beneficiaries are set by the Internal Revenue Service (IRS). According to the IRS, “If you die before your entire interest is paid out to you, your named beneficiary or beneficiaries will receive what is left according to the terms of your plan.” How Your 401(k) is Distributed After Death The money in your 401k will be distributed to your beneficiaries according to the terms of the plan. If you have a traditional 401k plan, then the money in the account will be taxed as income when it is distributed to your beneficiaries. If you have a Roth 401k plan, then the money in your account will not be taxed when it is distributed to your beneficiaries. The beneficiaries will need to provide the financial institution with a death certificate to begin the process of transferring the assets into their names. You’ll need to complete and submit the proper paperwork to the administrator of your 401k plan. Tip: Be sure to double-check you’ve completed all the paperwork correctly and you’ve submitted everything they’ve requested to avoid any delays. How Long Does it Take to Transfer the 401k Plan? The timing of the distribution will depend on the rules of the particular 401k plan and also the financial institution you’re dealing with. For example, I’ve had clients whose 401k plans were with Fidelity or Vanguard and the process was seamless. In contrast, I’ve had other clients whose 401k plan was through their employer and it took much longer to get the money transferred – in one case, it took over 6 months! What You Need to Do It’s a good idea to designate a primary and secondary beneficiary for your 401k (and all your

[ad_1] The post How to Invest during Inflation for Financial Freedom appeared first on Millennial Money. Investing during rising inflation comes with challenges for any investor. As inflation rises, it’s important to prepare for detours on your financial freedom journey. Your purchasing power may fall, but your profits don’t have to. Expectations for 2023’s inflation forecast are that inflation will be decreasing. Estimates are said to “still be above a long-term baseline of 2.3%,” according to the Congressional Budget Office. But what does that mean for your investment strategy? If you focus on strengthening your financial plan, you can alleviate the fear and uncertainty that comes with a downturn in the stock market and rising inflation.  Keep reading to learn how to invest during inflation. Immediate and Long-Term Effects of Inflation Lower cyclical unemployment Increased wages Increased spending Market downturn Price increases Higher demand Lower supply Layoffs Rising interest rates Increasing demand for goods and services Scarcity of materials for in-demand goods Lowered supply and increased wages Price hikes by companies during spending increases Although several effects of inflation are immediate, those same effects can be long-term as well.  Higher inflation today means you’re probably not saving as much for retirement. Does your financial plan assume interest rates of 2% or 3%? Does your financial plan still work during 10% or higher inflation rates? Saving $500 per month during periods of 2% inflation may not be the same $500 per month savings during periods of 10% inflation. That $500 savings may be split between groceries, rent, mortgage payments, transportation costs, home repairs, or other expenses. That $500 savings may only really be $300 or $250 or even less as compared to before rising inflation.  To better understand investments during inflation look at the causes of inflation.  How Does Inflation Cause Stock Volatility? Stock prices often go down during times of high inflation. With lower unemployment, high inflation, and demand for labor, the labor market demands an increase in wages. Increases in wages and material costs can lead to a market downturn. Struggling and failing businesses can add to a market downturn.  According to MarketWatch, “rampant inflation and the Federal Reserve’s plan to sharply raise interest rates in response are acting as drags on the economy.” Slower economic growth due to inflation and lowering demand lead to drops in the S&P 500.  How to Profit from Inflation Surges Some businesses thrive during inflation. Lower overhead costs and high-profit margins, coupled with necessary expenses, create a recession-proof business model. Look to invest in these types of businesses during rising inflation. Try looking at sectors like energy and housing. The Federal Reserve increasing the interest rate isn’t enough to battle inflation. Investors need to tip the scales in their favor. A few ways to profit from inflation are real estate investing, value stocks, and commodities. What Are Inflation Hedge Investments? In financial terms, a hedge is protection or defense against a loss. Diversification is one type of hedge. Inflation hedge investments protect your portfolio from rising inflation. Inflation hedge investments can include:  Treasury Inflation-Protected Securities (TIPS) Stocks Real Estate Commodities Don’t be afraid to add inflation hedges into a small percentage of your portfolio. Extra returns can compound over time into larger gains. What Industries Tend to Do Well During Inflation Surges? Think of what industry goods and services you use daily. Utilities are essential. Food is another daily essential. Work from home is changing the need for transportation to work. However, daily or weekly transport is still necessary for some suburban and rural areas. Food, utilities, and basic expenses require income. Banks tend to do well during inflation. People still need to store or borrow money during times of high inflation.  What Should You Look For in an Investment Opportunity During Inflation Surges? It’s inflation-proof It scales It’s a necessary expense Look for investments in goods and services that people still purchase or use during times of moderate inflation to high inflation. Investments that have high economies of scale and are daily expenses for most people can help you profit during rising inflation. Look for these investments in industries that profit in times of high inflation as well as moderate inflation.  Real Estate Investing During Inflation Surges During times of rising inflation, rents and mortgages still need to be paid, even by those living on a fixed income. Mortgage rates may increase. If property management and mortgages deter you from real estate, invest in Real Estate Investment Trusts (REITs). Don’t forget about crowdfunding or lending sites that allow you to invest in real estate as well.  Learn more: How To Invest in REITS (Real Estate Investment Trusts) Are REITs a Good Investment? 3 REITS for Monthly Passive Income Value Stocks Investing During Inflation Surges In addition to real estate, value stocks can be a solid inflation hedge. One example of a value stock is JPMorgan Chase. Banks still lend during rising inflation. Value stocks appear to be priced lower, considering earnings, sales, dividends, etc. Appearing at a lower price is what makes value stocks appealing to value investors.  Commodities Investing During Inflation Surges Like real estate and some value stocks, some commodities are essential even when the inflation rate is rising. Coffee is a good example of a commodity, as it’s one of the few luxuries most people can afford. Along with coffee, even during inflation, everyone still eats food.  Our food system is dependent on wheat and corn. Homes need heat and vehicles need gas. Oil and natural gas are necessities during inflation for most. Electric vehicles increasing in popularity, however, means the utility sector shouldn’t be ignored. WeBull Webull has built lots of momentum lately due to its zero-commission structure, fractional shares, attractive sign-up incentives, robust trading tools, and sleek user-friendly design. Start Investing with Webull Investments That Protect Against Inflation As you can see so far, a financial plan allows you to focus on optimizing your purchasing power during inflation. Instead of worrying about the stock market and

[ad_1] Yum! Get a free mini cup of Dippin’ Dots next week! Stop by your local Dippin’ Dots on July 17, 2022 to score a free mini cup of Dippin Dots! This freebie will only be available during a two hour window, so be sure to check with your local store to see when the giveaway will be. Find your nearest location here. Thanks, Free Stuff Finder! [ad_2] Source link

[ad_1] According to the World Health Organisation, cancer accounted for nearly one in six deaths in 2020. Cancer can occur due to mutations in oncogenes or tumour suppressor genes or both. However, not all mutations result in cancer. Therefore, it is important to identify the genes causing cancer to devise personalised treatment strategies. IIT Madras researchers have developed an artificial intelligence-based tool, ‘PIVOT’, that can predict cancer-causing genes in an individual. The prediction is based on a model that utilises information on mutations, expression of genes, and copy number variation in genes and perturbations in the biological network due to an altered gene expression. The research was led by Raghunathan Rengaswamy, Dean (Global Engagement), and professor, department of chemical engineering, IIT Madras; Karthik Raman, associate professor, Bhupat and Jyoti Mehta School of Biosciences, and a core member, Robert Bosch Centre for Data Science and Artificial Intelligence (RBCDSAI), IIT Madras; and Malvika Sudhakar, a research scholar at IIT Madras. Raman said, “Cancer, being a complex disease, cannot be dealt with in a one-treatment-fits-all fashion. As cancer treatment increasingly shifts towards personalised care, such models that help pinpoint differences between patients can be very useful.” Current cancer treatments are known to be detrimental to the overall health of the patient. Knowledge of the genes responsible for the initiation and progression of cancer can help determine the combination of drugs and therapy most suitable for a patient’s recovery. Although there are tools available to identify personalised cancer genes, they use unsupervised learning and make predictions based on the presence and absence of mutations in cancer-related genes. This study is the first one to use supervised learning and takes into account the functional impact of mutations while making predictions. The researchers have built AI prediction models for three types of cancer: Breast Invasive Carcinoma, Colon Adenocarcinoma and Lung Adenocarcinoma. They plan to extend the tool’s use to many more cancer types. The team is also working on a list of personalised cancer-causing genes that can help identify the most suitable drugs for individual patients. [ad_2] Source link

[ad_1] This week’s HW+ member spotlight features Rogers Healy, Owner and CEO, at Rogers Healy and Associates. Below, Healy answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? Rogers Healy: This is my favorite article because it accurately outlines how the housing market is not the only factor in a recession. It seems people believe that the entire economy revolves around the housing market, when there are many other key factors such as job growth. I also loved this article because I am excited to see the job market recover from the pandemic. We are currently hiring at The Rogers Healy Companies for all sorts of leadership positions!  HousingWire: When do you feel success in your job? Rogers Healy: I give the gift of confidence. I work every day to foster the growth of everyone from new real estate agents to young professionals in all sectors of business. I feel like I have struck gold when somebody discovers their potential and learns how to accurately maximize it. When I inspire others to work hard, it makes me so proud when they realize what is possible for them to achieve. Maintaining motivation and encouragement is my absolute favorite way to influence and help others. In my opinion, helping people reach independence and milestones is the ultimate form of personal success. Whether it be closing the sale of their first home, representing their first buyer, or presenting a captivating marketing pitch, it is my job to encourage them every step of the way. It’s my mission to be the best leader I can be, so everyone around me gets to find the best version of themself. Being the best version of yourself leads to discovering your talents. Fostering growth is so important to both me individually and the culture of The Rogers Healy Companies. It’s a true joy leading the next generation of leaders, and watching their futures unfold. HousingWire: What is the best piece of advice you’ve ever received? Rogers Healy: Oscar Wilde once said, “Be Yourself – Everyone Else Is Taken.” This quote resonated with me at a very young age when my grandmother gave me this piece of advice. I still think of it all the time, and continuously spread the wisdom by telling it to others. I learned that if you are not being yourself, you are only hurting yourself. There is no harm in being goofy, but there is harm in being too reserved. Giving the world the most authentic version of yourself will help you build the confidence that you need to succeed. In most situations, including mine, not everyone is going to like you. With success comes trials and tribulations. In my experience, there is always going to be somebody that wants to tear down your success. It is important to not value your self worth based on other people’s opinions. I believe that you must give the world your truest version of yourself in order to make the biggest impact on both the world and your potential.  HousingWire: If you could change or implement one piece of housing regulation, what would it be and why? Rogers Healy: I wish there was a universal MLS. I wish people would have the ability to study markets outside of their little sub market and become more familiar with different trends and architectural styles. This would also allow agents to operate in other neighborhoods and cities. I believe being able to expand outside of your city would allow real estate agents to better serve their clients. Especially with today’s market experiencing such low inventory, I believe this could be really beneficial. Real estate agents would have the opportunity to not only operate in other cities and suburbs, but also learn more about places they are unfamiliar with. Certain architectural styles are specific to certain neighborhoods. Say a client is considering several different cities and suburbs, in most cases their realtor will only be able to operate in one and have to refer them to someone else if they’d like to make an offer on a property outside of their designated MLS system.  HousingWire: What do you think will be the big themes for the housing market in 2022? Rogers Healy: They’re heading back to their roots.  Many millennials fled to the big cities after college graduation, and it’s time to come home and settle down. They are ready to move into homes where they can start a family, create equity, and be closer to their parents. Moving into the Baby Boomers’ abodes  Nearly 10,000 Baby Boomers are turning 65 years old everyday. Which in turn means retirement, downsizing, moving to a condo in the Bahamas –  whatever it may be. Millennials now have the opportunity to purchase these generational homes and ditch their leases.  Rises Rent + Parental Guidance Many parents of the millennial generation see rental prices rising and want to lend a helping hand to their beloved children for them to own property, much like they did back in the day. 25% of homebuyers ages 23-31 received down payment help from their family, considering it an investment gift.  To become an HW+ member, click here. For more information on HW+ benefits, click here. To view past issues of our HW+ exclusive HousingWire Magazine, go here. The post HW+ Member Spotlight: Rogers Healy appeared first on HousingWire. [ad_2] Source link