Even if you’ve socked plenty of money away in your 401k plan and invested it carefully, some of your toughest decisions lie ahead. And don’t expect much help or clarity from the government or your employer. Strategies for drawing down lump-sum accounts in retirement — more important than ever in the 401k era — have received little attention from policy makers. For retirees, choices about how to spend a life’s worth of savings are fraught with tricky calculations about financial risk, taxes and death.
Author: knjohn
e-Edge Newsletter | LAEDC.org
v.18 n. 39 – Released October 7, 2014
This Week’s Headlines:
- The U.S. Economy Adds 248,000 Jobs in September
- U.S. Trade Deficit Moves Sideways in August
- Stronger Consumer Spending in August
- U.S. Car and Light Truck Sales in September
- California State Tax Revenues Up by 3.7% in 2Q14
- Events of Interest
- October 8, 2014: LAEDC Economic Forecast
- October 9-10, 2014: Southern California Energy Summit
- October 30, 2014: 26th Annual Southern California Visitor Industry Outlook Conference
- November 13, 2014: 19th Annual Eddy Awards Gala
Howdy Partner Part 2 | Peter Mehit
Becky, a consultant, was telling us about a proposal she made a few years ago. The project was big and she needed help so she partnered with company that she had worked with before. They agreed to work as one company to reduce customer concerns about managing multiple contractors. At deal time the partner broke ranks trying to make a separate agreement. The customer declined to work with either company.
Trouble in partnerships generally comes from three things: Poor due diligence by the partners, mismanaged expectations and lack of defined roles and responsibilities.
When picking another company to partner with, you need to decide if they are a good fit with you. For example, a firm that is fastidious about quality will be driven crazy by a sloppy partner. If the firms have different ideas about client relations, there can be mixed messages that cause trouble and false crisis. You’ve decided the partner firm is qualified and shares a compatible management approach, but you also want to check for a cultural fit. Are the work methods compatible? If your company likes slow, steady progress will you be able to work with one that pulls all nighters to deliver a last minute product?
6 Small Business Financial Pitfalls | AllBusiness.com
Many factors go into making a small business a success. Some factors, however, can be more challenging than others, especially when it involves financial management. Whether it’s securing equity capital, borrowing money, separating personal finances from business finances, or managing cash flow, there are a number of “potential landmines” that many small business owners are not adequately prepared to handle. Following are six financial pitfalls for small businesses to avoid and important tips to consider when dealing with business finances:
4 Ways to Protect Your Identity Online | Businessnewsdaily
When you’re self-employed, getting work depends heavily on how well you advertise yourself. This often means posting your personal information — full name, email address, phone number, geographic location, work history, etc. — on multiple websites and social media accounts.
Building an online personal brand as a freelancer, consultant or other self-employed professional is a great way to grow your business, but by putting yourself out there, you’re inviting more than just prospective clients to find you. Between the personal details you can post on public websites and the sensitive banking and tax information you can transmit back and forth to your clients, you may become a target for hackers and cybercriminals.
California Makes Strides in Energy Use Awareness | greenpacks.org
Nationwide, we are seeking alternative energy sources in any means possible. Every state is seeking alternative sources of collecting energy, whether that be wind, solar, hydroelectric, biofuel, or any other means available. As a country, we are well aware that fossil fuels are depleting and if action isn’t taken to find other fuel sources immediately, we will face various problems in the near future.
While many states have instituted environmentally friendly programs for new construction, building rehabilitation, and general energy consumption, these programs are most effective on a homeowner consumer level. This isn’t to devalue these programs, as they have effectively impacted decisions for these consumers, however California is thinking on a larger scale.
Facebook Won’t Stop Experimenting on You. It’s Just Too Lucrative | WIRED
Did you hear the one about Facebook charging $2.99 per month for access?
Recently, the Facebook fee hoax started circulating on, yes, Facebook, and you didn’t have to be an investigative journalist to debunk the thing. You just had to look at the company’s revenue numbers. Facebook’s 1.3 billion users are so valuable as advertising targets, the company would never run the risk of cutting any of them off with a paywall.
But, as it turns out, Facebook is willing to risk alienating its users in other ways. It also sees tremendous value in using its social network to experiment on those 1.3 billion souls—so much value that it’s still worth losing a few here and there.
If anything in recent memory comes close to validating off-repeated conspiracy theories about the motives of Facebook, it was the company’s now infamous “emotional contagion” study published over the summer. In the study, Facebook researchers tweaked the News Feeds of nearly 700,000 users—without their knowledge—to see if more positive or negative updates from friends induced the same emotions in the users themselves. The outcry was swift and loud, and now, several months later, Facebook says it’s being more careful in how it conducts its research. But there’s no sign that it’s stopping.
It’s like TurboTax — for immigrant visas | Money.cnn.com
Bridge US, an immigration software platform, launched a new service called Bridge US for Business on Thursday.
The application process for work visas and green cards is known to be cumbersome and costly for companies. Recognizing this, Bridge US’s new product is designed to streamline the process.
Founded by Harvard Business School Graduate Romish Badani in 2012, Bridge US offers what it refers to as a “TurboTax”-like solution for visa processing. Essentially, it’s a software that automates the immigration processes.
Based in San Francisco, the company already offers products for individual immigration needs like naturalization and family green cards. Now, it will add business offerings to its platform, including work visas and green cards.
Being Curious Can Boost Your Memory | livescience.com
Everyone knows it’s easier to learn about a topic you’re curious about. Now, a new study reveals what’s going on in the brain during that process, revealing that such curiosity may give a person a memory boost.
When participants in the study were feeling curious, they were better at remembering information even about unrelated topics, and brain scans showed activity in areas linked to reward and memory.
The results, detailed yesterday Oct. 2 in the journal Neuron, hint at ways to improve learning and memory in both healthy people and those with neurological disorders.
Why the Perfect Modern Creative Is Fierce, Fearless and Female | Adweek
The perfect modern creative is a woman.
Because we have enough men, and men like it the way it is right now.
She will seek change.
And her finest qualities will be frustration and discontent.
The perfect creative presumes that the people around her are talented and want to contribute. And accepts that without meaning to, the company, the process and even she is stifling the work and its ability to be brilliant in some way.
She won’t have come from a school that teaches advertising, and she certainly won’t understand why we structure companies like we do.






