Retirement – выход в отставку, уход на пенсию, отход от дел
Permanently – перманентно, надолго, постоянно
Income – доход, приход, прибыль, заработок
Pension – пенсия пособие
Kin – родня, родственники, родство
Pensioner – пенсионер
Monetary bonus – денежное вознаграждение
Eligible – приемлемый, имеющий право
Benefit – выгода, польза
To inherit – наследовать, унаследовать, быть/стать наследником
To retire – уходить в отставку, на пенсию
To force – оказывать давление, заставлять, принуждать, вынуждать
To provide – давать, предоставлять, обеспечивать
To sponsor – субсидировать, финансировать, спонсировать
To invest – инвестировать, вкладывать деньги, капитал
To save – откладывать, копить (деньги)
To promote – способствовать, содействовать
To deduct – вычитать, удерживать, сбавлять
To contribute – делать вклад
To stop working – перестать работать
1. Pension – money that someone regularly receives after they have stopped working because of their age, paid either by their company or by the government.
2. Eligible – allowed by rules or laws to do something or to receive something.
3. Force – to make someone do something that they do not want to do, for example by using or threatening to use violence.
4. To promote – support or actively encourage.
5. Kin – all the people in your family.
6. He is living happily in retirement , with his retirement pension.
7. He inherited a fortune from an uncle.
8. A lot of them are sponsoring these concerts now, which are being broadcast regularly with the names of the sponsors.
9. They live beyond their income.
10. He retired when he was 65.
Best Retirement Plans for Small Business Owners
This is Jeff Rose from goodfinancialcents.com. Are you a business owner that is finally starting to see some profits? You have been slugging away for several years and now you are finally in the black and you want to start thinking about retirement. You know that you need to save, but as a business owner you have a plethora of different retirement plan options that as an individual you didn't. If you are confused and bewildered and not sure what direction to go, I completely understand. I was in the exact same situation as you. I was a W2 employee, and then when I became a small business owner I now had many different options that I could choose from and initially it was overwhelming. It was easier doing it for the client, but now that I was actually on the business owner's side of things, the 1099 independent contractor side of things, I now wanted to make sure that I was doing the best retirement plan for me. If you are looking to see what retirement plan is best for you, here are a few options to consider: 1. A traditional or Roth IRA. Now I am sure you are probably wondering, "Well Jeff, I could do that when I was an individual. What is the benefit for me doing it as a business owner ?" Well here's the thing; the beauty of doing a traditional or Roth IRA, if you are not putting money in those plans at all, and maybe you are profitable but you are not as profitable as you would like to be, under the age of 50 and under you can still put in $5,000 on either the traditional or Roth IRA. At least that is a good starting point. Now, if you can put in more than that 5,000 then we'll start looking at the other options coming up. 2. A simple IRA. The name is a little bit misleading because to me it is not quite that simple. Here is the general gist: You're able to put in up to $11,500 per year into the simple IRA. Over the age of 50 is allowed a $2,500 catch up. But if you have employees, here is where it gets a little bit trickier. To make it simple, just know that you're going to have to put in about 3% of your employees' wages as an employer contribution. That is how much, as a business owner, you're going to be out for each employee. There are certain rules that say you can dip below that 3% over a 2-out-of-the-5-year period, but I don't want to muddy the waters too much. Just know that for the most part you're going to have to put in about 3% of your employees' salary to be able to contribute the 3% for yourself as well. Now that might sound a little bit confusing and it kind of is, but if you go to the blog and do a Google search for "simple IRA rules", you'll find out more about the simple IRA and see if that applies to you. If you have more than $11,500 to put in, the next option you might want to consider is what is called the SEP IRA. Now SEP IRA stands for Simplified Employee Pension Plan. A SEP IRA allows you to put in either 25% if you’re a C corporation, or 20% if you're self employed of your gross annual income. Now that is a pretty good net clip that you can put away. You're going to cap out at $49,000 to put in the SEP. For me, as a business owner, that is the actual direction that I went. The one thing I like about the SEP, especially for a business owner when you compare it to the simple and the traditional, is that they are very cheap to set up. To set up any of those plans you're going to pay your annual IRA custodial fee, which is going to be somewhere in the neighborhood of $25-50 per year and that is it. You will have to pay the cost associated with the investments inside that plan, but to actually get that set up it is very cheap. There is no IRS filing documents. There are no annual filing fees that you have to do with those plans, so that is why it is very popular. Just so you know SEP IRA is the direction I went with my business and have done so for the last two and going on three years. The only downfall with the SEP is that you can only do a percentage of your income, so you can't just put in some arbitrary amount. The other downside is if you have employees. If, say, you're going to do 20% of your income then you have to do 20% of all your employees' incomes that qualify for that plan. There are certain discriminating rules that you can do that can leave certain employees out, but if they qualify then know whatever you do for yourself you're going to be doing for them as well. That can get fairly expensive for a business owner. If you have several employees and you're looking to put more in and you don't want to be held to that 20% standard, then the next step is looking at a traditional 401K. The traditional 401K allows you to put in up to $16,500 and you can just put that in. It doesn't have to be a percentage of your income. The basic 401K plan you don't have to match for your employees. If you want to do the $16,500 and that is all you want to put in and you don't want to match for your employees, then that's fine, you can do that. If you want to start matching for yourself, then that is where it can get a little bit more complicated. You can have what is called a profit sharing plan or a safe harbor 401K. Basically what that means is if you want to be able to put more than that $16,500 per year doing employer contribution, then you have to follow certain testing rules to where what you put in for yourself has to be some type of prorated portion for your employees too. If you want more information on that, you can also head to the blog and type in "traditional 401K rules" to see how that works. If you are an owner-only business , an individual that is just self employed, you have another option that is called the solo 401K. What makes this neat as opposed to the SEP IRA is this: You get to put in the $15,500 immediately, so right off the bat you're not held to that percentage of income that you are with the SEP. Furthermore, not only can you do the $16,500 in the 401K, but you can also do it in employer matching contribution, which then falls under that same 25% and 20% whether you are a C corporation or self-employed self proprietor of the net income. So immediately you do the $16,500 in the owner only 401K, the solo 401K, and then you can add a matching contribution based off your net income. All of the sudden, Bam! You are putting that much more away in that solo 401K. If there are any down sides to the traditional 401K or the safe harbor 401K or the solo 401K that I have mentioned, the one thing that I would say is probably cost. With those you will have to file some type of IRS filing fee. With the traditional 401K you have the form 5500 because it is an ERISA-powered plan, so therefore you will be held to different standards. The cost will vary. I have seen anywhere from $250 on up to $1500 depending on how big the plan is, how many different options you want to have and all that sort. If that is something you are considering, I definitely encourage you to sit down with a financial advisor or a CPA that is skilled at setting up business retirement plans for you because you just want to make sure that you get it set up right. If you are a business owner and you are looking to adopt some type of business retirement plan, those are a few of the options that you have and those are probably the most popular options that you are going to see. If you have any more questions, feel free to come by the site, www.goodfinacialcents.com. I have tons of information there, more on all those different type of retirement accounts for you. I hope you enjoyed the video, and I look forward to seeing you again. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.
Be creative: The best ad
Be motivated: I must at least try
In June 1985, two British mountaineers Joe Simpson and Simon Yates made the first-ever climb of the West Face of the 21,000 foot snow-covered Siula Grande mountain in Peru. It was an exceptionally tough assault – but nothing compared to what was to come. Early in the descent, Simpson fell and smashed his right knee. Yates could have abandoned him but managed to find a way of lowering him down the mountain in a series of difficult drops blinded by snow and cold. Then Simpson fell into a crevasse and Yates eventually had no choice but to cut the rope, utterly convinced that his friend was now dead.
In his subsequent book on the climb entitled "Touching The Void", Joe Simpson wrote:
"As I gazed at the distant moraines, I knew that I must at least try. I would probably die out there amid those boulders. The thought didn't alarm me. It seemed reasonable, matter-of-fact. That was how it was. I could aim for something. If I died, well, that wasn't so surprising, but I wouldn't have just waited for it to happen. The horror of dying no longer affected me as it had in the crevasse. I now had the chance to confront it and struggle against it. It wasn't a bleak dark terror any more, just fact, like my broken leg and frostbitten fingers, and I couldn't be afraid of things like that. My leg would hurt when I fell and when I couldn't get up I would die."
The survival of Yates himself was extraordinary. That Simpson somehow found a way of climbing out of the crevasse after 12 hours and then literally crawled and dragged himself six miles back to camp, going three days and nights without food or drink, losing three stones, and contracting ketoacidosis in the process, would be the stuff of heroic fiction if it was not so true. Indeed, six operations and two years later, he was even back climbing. All because, against all the odds, he tried ...
Source: "Touching The Void" by Joe Simpson
List of questions for discussion
1. What comes to mind when you hear the word "retirement"?
2. Are you looking forward to your retirement?
3. What do you think you’ll do in your retirement?
4. Do you think people who retire miss working?
5. What’s the best age for retirement?
6. What do you think of famous people who come out of retirement?
7. Would you like to aim for an early retirement?
8. What do you think of the idea of living on a retirement home?
9. "A retired husband is often a wife's full-time job." (Ella Harris) What do you think?
10. Do you think the challenge of retirement is how to spend time without spending money?
11. What problems does a country have if too many of its citizens are in retirement?
12. Are you putting money away for your retirement?
13. Is retirement the end of useful life or a new beginning?
14. Do you think retirement is when you stop living at work and begin working at living?
15. "Retirement is wonderful. It's doing nothing without worrying about getting caught at it." (Gene Perret) Do you agree?
Для обсуждения данной темы присоединяйтесь к разговорным клубам. Студентам индивидуального курса разговорные клубы предоставляются бесплатно. А если вы предпочитаете обучение в формате разговорных клубов, записывайтесь на групповые занятия.