Money Why you should sign up for your employee stock plan. Now

16:07  13 november  2017
16:07  13 november  2017 Source:   MoneySense

2 suspects make off with $30K polar bear skin from Inuvik hotel

  2 suspects make off with $30K polar bear skin from Inuvik hotel Inuvik RCMP are looking to identify two suspects in the theft of a polar bear skin from a local hotel, worth an estimated $30,000. In a news release, RCMP say the large wall hanging was stolen in the early morning hours of Nov. 6. "The staff at the hotel observed two males fleeing from the hotel with the polar bear skin," the statement says. One of the suspects was reportedly wearing a blue coat and brown hat. The polar bear skin is approximately eight feet by five feet and "is a professional mount including the head and feet.

My fellow broke young folk—that should be your incentive to join your company’s ESAP ASAP! Even if you can’t afford to max out your contributions right now If you like the sound of an employee stock plan and have dreams of cashing out those sweet employer contributions in six months, think again.

Employee stock purchase plan . Your role at Polaris Industries Inc. contributes to the company’s You should share in that success. That’s why we offer competitive compensation and benefits. To request your Authentication ID online, select “ Sign up Now !” under the “I am a Current

MAKING   BANK

employee stock plan: How gleeful you’ll be once you see all that free money (Shutterstock)© Used with permission of / © Rogers Media Inc. 2017. How gleeful you’ll be once you see all that free money (Shutterstock)

Say you’re shopping and when you’re at the counter the cashier says, “Thanks for paying $150 for those shoes. Would you like to take with you an extra $40 as a thank-you for buying them?” Would you say no?

Let’s be real, your jaw would drop, you’d film the incident and it’d go viral because that doesn’t actually happen. Right? Actually, if one of the benefits you’re offered at work is an Employee Share Accumulation Plan (ESAP) that kind of does happen. That’s right, your employer is likely offering you free money and if you’re not enrolled in that plan, you’re missing out majorly. (The big money is in getting stock options but that comes later when you climb the ranks into top executive positions.)

Snapchat outage prompts complaints on Twitter

  Snapchat outage prompts complaints on Twitter Snapchat faced a worldwide outage for at least four hours on Monday, prompting a flood of complaints on rival mobile application Twitter a day before posting its third quarterly earnings as a public company. "We're aware of the issue and working on a fix," Snapchat said on its support Twitter account, recommending that users stay logged on. (http://bit.ly/2AgZCnj)Many users tweeted about being unable to sign on after logging off the app, which is popular among people under 30 for posting pictures that are automatically deleted within 24 hours.

Why you should care. Because who wants to be a have-not? By Corey Rosen. Whether through company-funded employee stock ownership plans (ESOPs) or widely granted stock options and the like, broad-based Sign up to receive important stories, told nowhere else. 1 click subscribe.

When faced with a tough call, Todd Defren of Shift Communications started an Employee Stock Ownership Plan . Now he believes it will make his company more valuable. Sign Up . Receive special Fast Company offers. See All Newsletters.

When I got my first full-time job (benefits, the whole shebang) all of my more seasoned co-workers said the same thing. Join the ESAP. I was lucky enough to have their encouragement and didn’t end up wasting too much time before signing up for what my new employer was offering me. So how does this so-called promise of ‘free money’ work, exactly? Here’s what you need to know:

HOW DO STOCK PLANS WORK?

Here’s how it works if you work at a publicly-traded company (that’s when the company’s shares are available for anyone to purchase because it trades on the stock market): most employers let you enrol after a required number of months. You enrol and depending on what you can afford, choose to contribute a certain percentage of your paycheque.

Investors Should Ignore the Noise: Hudson’s Bay Co. Is a Good Buy

  Investors Should Ignore the Noise: Hudson’s Bay Co. Is a Good Buy Hudson's Bay Co. (TSX:HBC) may have had some bad quarters recently, but investors could benefit from terrific long-term growth opportunities.Last month, Hudson’s Bay succumbed to some of those pressures with the sale of the company’s iconic Lord & Taylor building in New York. The deal netted the company $1.1 billion, which was going to be used primarily to reduce its debt load.

Employees now have a clear set of goals and milestones and a plan to get there. Employers can plan ahead as a tour is about to complete, avoiding any surprises. Then sign up for Lighthouse, the app for managers.

Sign up now . I had two questions: why would he want to do this, and if he was willing to give this employee up , what would she be like? His off-the-wall plan has turned out to be an innovative professional development strategy that I believe more companies should adopt.

Depending on your employer, you’re usually given the option of contributing anywhere between 1% and 10% of your gross pay. What most employers do is match a certain percentage of your contribution. As in, give you free money. Usually their contribution starts off as not a whole lot, matching maybe 25% of what you are putting in. But many companies boost their contribution to 50% after a certain period of time and to even 100% (though that type of generosity is pretty rare these days.) My fellow broke young folk—that should be your incentive to join your company’s ESAP ASAP! Even if you can’t afford to max out your contributions right now, you can work towards that goal and eventually get a lot of free money from your employer.

WHAT IS VESTING?

If you like the sound of an employee stock plan and have dreams of cashing out those sweet employer contributions in six months, think again. Generally, ESAPs have a required vesting period. As in you have to wait a certain number of months or years before the stock that your employer has purchased for you is ‘mature’ enough for you to withdraw. Then you can do with it what you will. That said, you may be able to cash out the shares you’ve purchased with your own contributions whenever you want, depending on your plan. So if you had $2,500 in total in your ESAP (including the 25% employer contributions) you’d be able to withdraw everything but that 25%, so $2,000.

Broadcom Offers $105 Billion for Qualcomm in Landmark Deal

  Broadcom Offers $105 Billion for Qualcomm in Landmark Deal Broadcom Ltd. offered about $105 billion for Qualcomm Inc., kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the electronics industry. Broadcom made an offer of $70 a share in cash and stock for Qualcomm, the world’s largest maker of mobile phone chips. That’s a 28 percent premium over the stock’s closing price on Nov. 2, before Bloomberg first reported talks of a deal. The proposed transaction is valued at approximately $130 billion on a pro forma basis, including $25 billion of net debt.Buying Qualcomm would make Broadcom the third-largest chipmaker, behind Intel Corp.

Here are the top 5 reasons why you must start planning for your H1B Cap 2018 filing NOW ! IMPORTANT Employees should compile all documents related to education, experience, immigration history and prepare a comprehensive resume well in advance of requesting Login / Sign Up Close.

Sign Up . Should you offer employee equity in your small business? We outline the benefits of offering an employee stock purchase plan .

HOW IS IT TAXED?

Well, your contributions to the plan aren’t tax deductible and if you decide to cash out the stocks you purchased with your own money, you’ll be taxed on the capital gains you make. Meanwhile, the employer match is usually considered taxable income and is included in your gross earnings on your paycheque, from which tax is then deducted. Even free money has a bit of a cost, I guess. But remember, the stock market is normally risky, but knowing your employer’s contribution means a guaranteed return of 25% to 50%, you can handle a little of tax to the government.

Keep in mind, if your company offers an RRSP or TFSA option, you could transfer the ESAP to those tax shelters so your future gains are protected or tax-deferred over the longer term. However, the act of transferring the shares will trigger capital gains so you’d have to pay taxes before seeing any benefit of going this route.

FINAL WORD (OF WARNING)

If your employer offers one, join that stock plan now. Like, right now. If you don’t have any other investments at all though, beware. As with any investment, there are risks. Employer matching may be a plum deal but regardless, you need to diversify. You can’t have all your eggs in one basket (i.e. your employers’ shares) because if they go down, you’re going down with them.

Paris Jackson: 'My dead dad was behind Wendy Williams' fainting fit'

  Paris Jackson: 'My dead dad was behind Wendy Williams' fainting fit' Paris Jackson: 'My dead dad was behind Wendy Williams' fainting fit'The TV personality passed out while presenting her daytime U.S. show in costume as the Statue of Liberty on Tuesday (31Oct17) and the model and actress thinks the ghost of Michael Jackson had something to do with the health scare.

Learn more or sign up now . Employee Stock Purchase Plan (ESPP) Survey Results. Advice. You don't need to argue with a lawyer about why you want, or don't want, employees to have full pass-through voting, for instance, or with your options plan design expert over whether you should give

Many employers have now automatically enroll their employees into the 401k plan when they are first hired. If you like this article, please sign up for our free weekly updates. Why You Need an IRA Even if You Have a 401(k). Put Your Savings on Autopilot: How I Saved 0,000.

Be sure to check back for regular updates as Prajakta leads us on a journey as she learns what it takes to invest her own money.

MORE MAKING BANK:

  • Becoming a millennial millionaire
  • Investing 101: Dividends explained
  • 5 tips to get started as a new investor
  • Are robos right for young investors?
  • What the heck is a TFSA?
  • Investing paralysis
  • How you can practice investing
  • How to start investing (responsibly)

Rookie Investors: A Top Canadian Dividend Stock to Start Your RRSP .
Here's why Toronto-Dominion Bank (TSX:TD)(NYSE:TD) might be an interesting pick. Earnings strengthTD earned nearly $2.8 billion in fiscal Q3 2017. That’s some serious profits for just three months of operations.Earnings per share rose 18% compared to the same period last year, supported by strong results in both Canada and the United States.U.S. exposureThe bank is primarily known for its Canadian retail operations, but TD actually has more branches south of the border than it does in the home country.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!