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Defined Benefit vs. Defined Contribution Pension Plan
 
08:27
This video shows the difference between a defined-benefit pension plan and a defined-contribution plan. The core difference between these two types of plans boils down to what the employer is promising: with a defined-benefit pension plan, the employer is promising the employee a series of annuity payments after the employee retires. With the defined-contribution pension plan (e.g., a 401(k) plan), the employer is promising to make contributions to the employee's retirement account. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Просмотров: 49896 Edspira
Accounting for Pension Plans: Terminology, Characteristics, Valuing| Intermediate Accounting (older)
 
24:37
pension expense, pension liability, contributory, noncontributory, qualified pension plan, defined benefit plans, defined contribution plans, actuary, vested benefit obligation, accumulated benefit obligation, projected benefit obligation, overfunded pension plan, underfunded pension plan, service cost, prior service cost, amortization of prior service cost, years of service method, other comprehensive income, corridor amortization, cpa exam
Просмотров: 24107 Farhat's Accounting Lectures
How to Calculate Pension Expense for a Defined-Benefit Plan
 
05:04
This video shows how to calculate pension expense for a defined-benefit plan. A comprehensive example is provided to illustrate how (1) service cost, (2) interest cost, (3) expected return on plan assets, (4) amortization of gains or losses (corridor amortization), and (5) amortization of prior service cost are tallied to generate pension expense. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Просмотров: 26793 Edspira
Retirement Plans: Last Week Tonight with John Oliver (HBO)
 
21:30
Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Просмотров: 10157638 LastWeekTonight
IAS 19 Employee Benefits - Summary
 
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http://www.ifrsbox.com This is short executive summary of standard IAS 19 Employee Benefits. Get "Top 7 IFRS Mistakes" report and e-mail updates at http://www.ifrsbox.com
Просмотров: 102467 Silvia M. (of IFRSbox)
Accounting for Pension Plans: Gains and Losses | Intermediate Accounting (older)
 
42:28
pension expense, pension liability, contributory, noncontributory, qualified pension plan, defined benefit plans, defined contribution plans, actuary, vested benefit obligation, accumulated benefit obligation, projected benefit obligation, overfunded pension plan, underfunded pension plan, service cost, prior service cost, amortization of prior service cost, years of service method, other comprehensive income, corridor amortization, cpa exam
Просмотров: 14771 Farhat's Accounting Lectures
Accounting for Pension Plans: Components of Pension Expense | Intermediate Accounting (older)
 
41:54
pension expense, pension liability, contributory, noncontributory, qualified pension plan, defined benefit plans, defined contribution plans, actuary, vested benefit obligation, accumulated benefit obligation, projected benefit obligation, overfunded pension plan, underfunded pension plan, service cost, prior service cost, amortization of prior service cost, years of service method, other comprehensive income, corridor amortization, cpa exam
Просмотров: 24444 Farhat's Accounting Lectures
The 5 Components of Pension Expense (for a defined-benefit plan)
 
07:45
This video explains the components of pension expense for a defined-benefit plan: (1) Service Cost (2) Interest Cost (3) Expected Return on Plan Assets (4) Amortization of Gains or Losses (corridor amortization) (5) Amortization of Prior Service Cost Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/ To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Просмотров: 26232 Edspira
Pension Accounting (Using Worksheet Format, Projected Benefit Obligation, Plan Assets, J/E Accts.)
 
25:59
Accounting for pensions using a pension worksheet format approach, the accounts include (1) pension expense (annual expense), (2) cash pension contributions), (3) other comprehensive income (prior service cost), (4) pension asset/liability (increase/decrease), these accounts are for the journal entries required, the (5) projected benefit obligation & (6) plan assets are memo accounts which maintain balances (1) Projected Benefit Obligation (PBO): Present value of vested & nonvested benefits accrued to date, (2) Plan Assets: Investments in stocks, bonds, etc., the pension expense includes: (1) Service Cost: Increase in pension benefits payable, present value of new benefits earned, (2) Interest Cost: Interest expense accrued each year on discounted basis, (3)Actual Return On Plan Assets: Interest & dividends that accumulate within the fund & increases/decreases in market value, (4) Amortization of Prior Service Cost: Increase or decrease benefits for employee service provided in prior years, retroactive benefits to pension expense in the future, to determine pension asset or liability, Make comparison between PBO & Plan Assets To determine Pension Asset or Liability, PBO less than Plan Assets, then Pension Asset, PBO greater than Plan Assets, then Pension Liability, detailed accounting by Allen Mursau
Просмотров: 34816 Allen Mursau
Retirement Plans
 
04:33
In this course, we will discuss the basics of retirement plans. A retirement plan is a program established and funded by the employer and-or employees to fund employees’ retirement years. Organizations are not required to offer retirement plans to employees beyond contributions to Social Security. A defined benefit plan is a retirement program in which employees are promised a pension amount based on age and years of service. A small percentage of companies in the private sector offer defined benefit plans to their employees, while public-sector employers still provide them. A defined contribution plan is a retirement program in which the employer and/or employee makes an annual payment to an employee’s retirement account. The key to this plan is the contribution rate; employee retirement benefits depend on fixed contributions and investment earnings. Profit-sharing plans, employee stock ownership plans (ESOPs), and 401(k) plans are common defined contribution plans. Because of their portability and other features, these plans are sometimes preferred by younger, shorter-term employees. Some employers have changed traditional pension plans to hybrids based on ideas from both defined benefit and defined contribution plans. One such plan is a cash balance plan, a retirement program in which benefits are based on accumulated annual company contributions, expressed as a percentage of pay, plus interest credited each year. With these plans, retirement benefits accumulate at the same annual rate until an employee retires. Offering retirement plans are a staple of the total rewards mix in any organization, critical to attracting, retaining and motivating talent.
Просмотров: 29 Gregg Learning
A beginner's guide to pensions - MoneyWeek Investment Tutorials
 
11:50
As the government launches its new workplace pension, Tim Bennett explains the basics of pensions in jargon-free language, and why the new scheme is being rolled out.
Просмотров: 97106 MoneyWeek
401k VS Roth IRA
 
03:05
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Просмотров: 357686 The Dave Ramsey Show
How to Calculate the Projected Benefit Obligation
 
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This video shows how to calculate the Projected Benefit Obligation in the context of pension accounting. The PBO is the present value of vested and non-vested retirement benefits owed by a firm, based on its employees' projected future salaries. The PBO is affected by service cost, interest cost, plan amendments, actuarial gains or losses, and benefits paid to retirees. The video contains a comprehensive example and formula to demonstrate how to calculate the PBO. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Просмотров: 15398 Edspira
Why I Don't Do Retirement Plans While Teaching English Abroad (No Chance in Hell)
 
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I get questions from time to time about retirement accounts for English teachers working abroad. I'm not a financial advisor, but my honest take after having read the tax code and done thousands of hours of research is this: if you want to legally avoid taxes as an English teacher and expat working abroad, your first line of defense should be claiming non-residence for non-Americans and claiming the Form 2555 FEIE for Americans. There is no reason to put money you're earning teaching abroad into an account to avoid taxes if you're legally not paying tax on the income to begin with. Many people do this and tie up their money for no good reason. The one I hear most often is the fear of having access to a person's own money. If that's the case, I would consider instead focusing on self discipline or perhaps creating a revocable trust. Disclaimer: This is not legal or accounting advice. Do your own due diligence. *********** 🥇COACHING/MANUAL/RESUME SERVICE ▶︎http://www.benteachesenglishoverseas.com 📕 FREE BOOKLET "The Big 6" ▶︎http://www.benteachesenglishoverseas.com/blog 📰 BLOG: http://www.benteachesenglishoverseas.com/blog 🎥 YOUR PERSONALIZED SKYPE CONSULTATION http://www.rockstarESLteacher.com 🔻 FOLLOW ME ON SOCIAL MEDIA🔻 🔵 FACEBOOK | http://facbook.com/benteachesenglishoverseas ✅ INSTAGRAM | http://instagram.com/benteachesenglishoverseas 💙 TWITTER | http://twitter.com/benteachesESL
Просмотров: 956 BenTeachesEnglishOverseas
Withdrawing money from retirement accounts
 
05:46
Withdrawing money Now that we've covered how to put money into your retirement account, and how to manage it once it's in there, let's take a look at how to withdraw your money. The government gives up a lot of tax revenue by letting you save through retirement accounts. The government is offering you the carrot of tax deferred savings, but it also has the stick of penalties to deter you from raiding your account before retirement. Penalties for early withdrawal Generally, you cannot withdraw money in retirement accounts until you reach the age of 59.5. If you withdraw funds early, the amount you withdraw is treated as taxable income with taxes due immediately. You also must pay an additional penalty tax of 10 percent of the amount withdrawn. As always, however, there are exceptions and you actually have a good degree of access to your money. Borrowing against retirement account assets In the case of a 401(k), it depends on the plan, but you generally can borrow against your account balance for any reason. You don't have to show any kind of hardship. You normally can borrow up to half of your account balance, up to a maximum of $50,000. The term of the loan is normally five years, and longer if the loan is used to make a downpayment on a home. You generally pay a low interest rate on the loan, and best of all, you usually pay the interest to your own retirement account. 403(b) plans also normally allow borrowing against your account. IRA's are different, however. You can't use your IRA money as collateral for a loan. 401(k) hardship cases with penalty 401(k) plans also allow you to withdraw your money in so-called hardship cases. The definition of a hardship varies from plan to plan, but some acceptable hardships include making a downpayment on a home and paying for college tuition. In these cases you can withdraw your funds before age 59.5, but you still must pay the penalty tax of 10 percent, despite the hardship. 401(k) hardship cases without penalty There are also cases where you can withdraw money from your plan without paying the penalty tax, but these are more drastic cases. If you have large uninsured medical expenses or suffer a disability and cannot work, you can withdraw the money before age 59.5 and avoid paying the 10 percent penalty tax. Also, if you die before age 59.5, your beneficiaries can withdraw the money without paying the penalty. In both cases, however, regular income taxes must be paid. Withdrawing money as an annuity Finally, you can withdraw money before age 59.5 and avoid any penalty if you agree to withdraw the money in a series of roughly equal payments each year. Assume you're 50 and have enough money saved up to retire. You can stop working and receive roughly equal annual payments from your account as determined by IRS tables. You must continue these payments for five years or until age 59.5, whichever is later. You must pay normal income taxes on the annual distributions, but you won't have to pay a penalty. Withdrawing money after age 59.5 We've talked about how to manage money before you've retired, so now let's look at how to manage and withdraw money from your accounts after retirement. After age 59.5 you can tap into your accounts without penalty, but your retirement accounts should be the last place you'll want to look for money. If you have other savings outside of retirement accounts, you'll want to use these other savings first. You'll want to let your money in the retirement accounts grow tax-deferred as long as possible. Forced withdrawals after age 70.5 However, the day will come when you'll have to begin to withdraw money from your retirement accounts. In fact, after you reach age 70.5 you must begin making minimum withdrawals from your retirement accounts according to a set schedule. Unfortunately, you can't let the money grow tax deferred forever. But in most cases when you take the money out after age 59.5, you can take out almost any amount you want, whenever you want. You can take out a big chunk all at once, or you can have your mutual fund send you checks on a monthly basis. If you receive a lump sum from a pension, you can annuitize the lump sum by turning it into a stream of monthly payments for your lifetime. However, you will have to pay income taxes on almost all the distributions that you receive from your retirement accounts. About the only exceptions are if you make non-deductible contributions to your IRA or 401(k). At the end of the year your old employer or the mutual fund will send you a Form 1099-R. This form shows how much you received from your retirement account. The IRS uses this information to ensure that the amount listed on your tax return matches the amount distributed by your mutual fund. Copyright 1997 by David Luhman http://moneyhop.com/scripts/retirement-planning/150-withdrawing-money-from-retirement-accounts
Просмотров: 18567 MoneyHop.com
What is an IRA? Traditional IRA vs Roth IRA vs 401K - Pros and Cons and Tax Benefits
 
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http://www.subjectmoney.com http://www.subjectmoney.com/articledisplay.php?title=Saving%20for%20Retirement:%20Roth%20IRA%20vs%20Traditional%20IRA This is a video describe what an IRA (Individual Retirement Account) is. We cover the basics of a Roth IRA a traditional IRA and a 401k plan. In this video we go over the pros and cons of a roth ira and a traditional ira and compare them to each other. We explain the tax benefits or tax savings that can be taken advantage of by investing in an IRA (Individual Retirement Account)
Просмотров: 102800 Surfwtw
CCHMC Defined Benefit Pension Plan
 
03:21
Просмотров: 2674 CCHMC Human Resources
Retirement Planning Seminar - Dr. David Globig
 
56:06
Professor of Accounting and Financial mind Dr. David Globig presents to the staff organization, SAPA, at Spring Arbor University on April 22, 2015. Dr Globig address such topics as: - Insurance - TIAA/CREF - Individual Retirement Accounts - Roth Individual Retirement Accounts - Annuities - Social Security - Medicare - Savings/Investments
Просмотров: 990 SAUCommunity
What is a Defined Benefit pension?
 
02:33
Learn the basics of a Defined Benefit pension plan.
Просмотров: 15042 Money School
Retirement Plan Accounting: A Sponsor's Perspective
 
55:00
This webinar provided a 401(k) and pension plan accounting and auditing update for plan sponsors, including management, accountants, and Human Resource professionals. In addition, the presentation provided an update on recent Employee Retirement Income Security Act (ERISA) criminal cases, the outcomes of those cases, and the prosecution.
Просмотров: 47 McKonly & Asbury
Defined Benefit Pension
 
11:01
Defined Benefit Pension Business Career College is a national financial services education provider. See our insurance, financial planning and continuing education courses, including self-paced and instructor led options, at https://www.businesscareercollege.com For great industry articles, follow on Twitter (https://twitter.com/JasonWattBCC) or like on Facebook (https://www.facebook.com/BusinessCareerCollege/).
Просмотров: 16971 BCC Education
Retirement Plans & Best Practices for Small Businesses
 
04:28
Joe DeSilva, Senior VP and General Manager of ADP® Retirement Services, explains how accountants can help their small business clients set up a retirement plan, in an interview with Dan Hood of Accounting Today.
Просмотров: 761 ADP
Defined Benefit Pension: The Finance of Retirement and Pensions PREVIEW
 
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Go to http://goo.gl/9RRav8 to see Josh Rauh's new self-paced online course from the Stanford Graduate School of Business, Stocks and Bonds: Risk and Returns with Professor Josh Rauh. Instructional videos and exercises free online until April 2015.
Просмотров: 23133 Stanford Graduate School of Business
How to Record Pension Expense (journal entry)
 
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This video shows how to record the appropriate journal entry to record pension expense for a defined-benefit pension plan. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Просмотров: 17495 Edspira
Pension Plans
 
04:16
Просмотров: 1562 JFinancialHealthClub
Retirement Plan Audit Considerations - Accounting Webcast | Feeley & Driscoll, P.C.
 
03:40
From the Boston accounting firm of Feeley & Driscoll: http://www.fdcpa.com/ This 4 minute webcast discusses the keys to a successful and stress-free retirement plan audit including; understanding the focus of the audit process, performing procedures throughout the year to review and reconcile information provided by the retirement plan asset custodian, understanding and anticipating the financial information and documentation that your auditors will be asking for, and maintaining an awareness of the timeline for submission of the Form 5500. Please contact our Boston accounting and consulting firm with any questions at 888-875-9770 or on the web at www.fdcpa.com. IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
Просмотров: 112 Feeley Driscoll
ACCA P2 Employee benefits (IAS 19) - Pensions
 
26:30
ACCA P2 Employee benefits (IAS 19) - Pensions Free lectures for the ACCA P2 Corporate Reporting Exams
Просмотров: 26050 OpenTuition
How to Invest in Retirement Accounts
 
19:36
We will be discussing two types of retirement accounts; Employer-Sponsored Plans and Individual Accounts. The taxation of the different accounts, prioritizing contributions, and Investing mistakes to avoid. To download the FREE workbook that accompanies this video, click http://focusplanninggroup.net/retirement-planning For more information about our firm please visit our website http://www.focusplanninggroup.net View and subscribe to our Blog! http://focusplanninggroup.net/blog-small-image/ Please make sure your follow us on Social Media! Twitter: https://twitter.com/Focus_Planning Facebook: https://www.facebook.com/FPG.LLC Google Plus:http://google.com/+FocusPlanningGroupBayport LinkedIn: https://www.linkedin.com/in/josephcarbonejr/ Main Branch Office Address 982 Montauk Highway, Suite 4, Bayport, NY 11705 631-714-6044 ext. 302
Просмотров: 1226 Focus Planning Group
Understanding Defined Benefit and Defined Contribution Pension Plans
 
25:54
In this video, Shaun Humphries B. Admin, CFP, Senior Financial Planning Advisor with Assante Capital Management Ltd, reviews both Defined Benefit (DB) and Defined Contribution (DC) pension plans. How they work and the pros and cons of each type of plan. For more information visit http://www.shaunhumphries.com/
CFA-LII- Employee Compensation- Complete
 
01:21:20
This video tutorial provides information of the following : 1. Types of post-employment benefit plans and the implications for financial reports. 2. Measures of a defined benefit pension obligation (i.e., present value of the defined benefit obligation and projected benefit obligation) and net pension liability (or asset) 3. Components of a company's defined benefit pension costs. 4. Impact of a defined benefit plan's assumptions on the defined benefit obligation and periodic pension costs. 5. Effects on financial statements of adjusting for items of pension and other post-employment benefits that are reported in the notes to the financial statements. 6. Pension plan note disclosures including cash flow related information. 7. Issues involved in accounting for share-based compensation. 8. Impact on financial statements of accounting for stock grants and stock options, and the importance of companies' assumptions in valuing these grants and options.
Просмотров: 20754 FinTree
What is an IRA | by Wall Street Survivor
 
02:19
What is an IRA? Learn more at: https://www.wallstreetsurvivor.com/register IRAs, or Individual Retirement Accounts, are a great way to save for retirement and to receive a tax deduction. IRAs have the advantage of not being tied to a person’s employer so, if you quit your job, you won’t have to worry about moving your plan like you do with a 401(k). Like 401(k)s, IRAs have an immediate tax advantage, in that you may be eligible for a tax deduction. The amount of your deduction is based on your income, filing status and whether or not you have any 401(k)s. When you are ready to withdraw money, you will need to pay taxes but, because your income is likely lower in retirement than when you contributed, you will be in a lower tax bracket and will, as a result, pay less. The contribution limit for an IRA is $5,500 ($6,500 if you’re over 50) – the limit is shared with Roth IRAs – and the money grows tax-free in the plan. Learn more about IRAs with Wall Street Survivor's Building Your Nest Egg course pack: http://courses.wallstreetsurvivor.com/is/20-building-your-nest-egg/
Просмотров: 120942 Wall Street Survivor
#34, class 12 accounts(retirement: treatment of goodwill), chapter 5 retirement
 
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Class 12 accounts Retirement of a partner treatment of goodwill accounts adda video 34
Просмотров: 62218 Accounts Adda
Retirement Accounts
 
02:28
Join the course on introduction to investments on http://symynd.com/. Topic covered: Retirement accounts versus regular taxable account, note: don't confuse the types of accounts with the investments inside the accounts, retirement account (a.k.a. tax-qualified account, qualified account, tax-advantaged account), regular account (a.k.a. taxable account, non-qualified account), pre-tax retirement accounts, Individual Retirement Account (IRA) -- actual name is Individual Retirement Arrangement, 401(k), 403(b), 457, 401(a) plans -- (sometimes known as TSA for tax-sheltered account or tax-sheltered annuity), 401(k) is for private employees; 403(b) & 457 & 401(a) are for public and non-profit employees, TSP (Thrift Savings Plan) for Federal employees including military, SIMPLE IRA, SEP-IRA, Keogh, SAR SEP (discontinued), Simple 401(k) -- for self-employed or small business, post-tax retirement accounts, Roth IRA -- tax-free in retirement, "Roth 401(k)," "Roth 403(b)", generous "catch-up" provisions for those 50 years old and over, tax credits for low-income retirement savers, annuities -- compare fees and returns with other investments
Просмотров: 386 symynd
Pensions and Retirement Lecture
 
06:06
Pensions and Retirement Lecture
Просмотров: 767 gordonhensley
Pension Accounting (Actual Return On Plan Assets Based On Fair Value, Contributions, Benefits Paid)
 
14:14
Accounting for the actual return on pension plan assets, pension plan assets are usually investments in stocks, bonds, other securities held by company to earn a reasonable return, Actual Return On Plan Assets: (1) Interest & dividends that accumulate within the fund & increases/decreases in market value (FV), (2) Deducting (Contributions - Benefits Paid), Equation for Computing Actual Return Plan Assets, Actual Return = (fair value plan assets ending balance - fair value of plan assets beginning balance) - (contributions - benefits paid) - (contributions - benefits paid), detailed calculations by Allen Mursau
Просмотров: 5073 Allen Mursau
Series 7 Exam Session 9 - Customer Accounts
 
06:56
Session 9 in our Series 7 exam videos. Provides an overview of Customer Accounts covered in the exam. Get more answers at our forum for finance and accounting at passingscoreforum.com
Просмотров: 14793 Passing Score
Lies You've Been Told About Saving For Retirement (401k, IRA, House)
 
23:48
Free Training To A Brand New High-End Career (limited time only 2018) https://www.besthighendcareer.com/webinar You've been told to put money in a 401k, but do you know the average return? What's the difference between a 401k, IRA, and trading stocks? Is a home a better investment than 401k or IRA? Article that agrees that in real life, you'll get about a 5% return on 401k's http://www.interest.com/401k/news/kin... James Altucher says that you shouldn't buy a house at all: http://www.jamesaltucher.com/2011/03/... The #1 internship marketplace exclusively for college students and new grads ➡ http://www.wayup.com/refer/engineered... ⬅ https://Facebook.com/EngineeredTruth https://Twitter.com/EngineeredTruth https://www.instagram.com/EngineeredtTruth/
Просмотров: 337045 ENGINEERED TRUTH
Pension obligations | American civics | US government and civics | Khan Academy
 
10:07
Thinking about pensions, defined benefit plans, defined contribution plans and how pensions tend to get underfunded. Created by Sal Khan. View more lessons or practice this subject at https://www.khanacademy.org/humanities/us-government-and-civics/american-civics-parent/american-civics/v/pension-obligations?utm_source=youtube&utm_medium=desc&utm_campaign=usgovernmentandcivics Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today! Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
Просмотров: 44497 Khan Academy
PENSION SCHEDULES
 
08:10
Calculating Plan Assets, ABO and Pension Expense
Просмотров: 796 sepand jazzi
Example: Pension Expense Worksheet BE 20-9&10; E20-1&7| Intermediate Accounting|CPA Exam FAR| Chp 20
 
26:39
pension expense, pension liability, contributory, noncontributory, qualified pension plan, defined benefit plans, defined contribution plans, actuary, vested benefit obligation, accumulated benefit obligation, projected benefit obligation, overfunded pension plan, underfunded pension plan, service cost, prior service cost, amortization of prior service cost, years of service method, other comprehensive income, corridor amortization, cpa exam
Просмотров: 1579 Farhat's Accounting Lectures
Tips and Traps When Dividing Retirement Plans
 
01:05:14
In this web conference attorney Erwin Kratz discusses tips and traps family law attorneys should be aware of when negotiating the division of retirement plan assets, including solutions to the unique challenges presented by: *The type of retirement plan you are dealing with - whether a defined contribution plan, defined benefit plan, private or governmental, tax qualified or non-qualified plan *Accounting for pre-marital account/benefit accumulations *The effect of post marital service and compensation increases *Accounting for outstanding loans in defined contribution plans *Avoiding surprises caused by delayed distribution provisions *Awarding pre-retirement death benefits *Awarding post retirement survivor benefits *Allocating the cost of providing survivor benefits For more information visit www.qdroaz.com
Просмотров: 58 ERISA Benefits Law
"Retirement Planning Concerns & Solutions" Seminar
 
01:07:51
Coastal Credit Union is committed to helping its members plan for a secure retirement. That’s why we introduced “Coastal Retirement” in 2016, a complementary program provided by our Wealth Management Department. Watch as Drew Snider, Certified Financial Planner™ practitioner, reviews “Coastal Retirement” and how you can participate. He discusses primary concerns regarding retirement (running out of money, healthcare, Social Security, and more). Drew also uncovers strategies towards earning financial independence. Enjoy this full-length seminar by Coastal Wealth Management! Connect with an advisor today at: CoastalWealthManagement24.com If you have any questions about your Coastal account, please call us at (800) 868-4262.
Просмотров: 3850 COASTAL24TV
Defined Benefit Vs Defined Contribution
 
06:25
Pension Funds can be either a Defined Benefit Fund or a Defined Contribution Fund. This video gives a brief explanation of the two and compares which one is better.
Просмотров: 7297 MJ the Fellow Actuary
Simplistic Breakdown on Qualified vs Non Qualified Plans
 
03:01
FOR MORE INFORMATION VISIT OUR WEBSITE www.RetireSharp.com OR CALL OUR TOLL-FREE NUMBER 1-800-566-1002 TO SPEAK WITH A STRATEGY SPECIALIST AT NO COST!!!
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Contribute Early to Retirement Accounts for Best Returns
 
03:43
www.IRAhelp.com - Compound interest is one of the keys to a successful retirement. We talk about contributing to your retirement accounts early in your life AND early in the year. The numbers don't lie! Contributing early allows compound interest to do its work.
Просмотров: 1238 Ed Slott and Company IRAtv
SEP IRA Explained for Self Employed.
 
03:55
The SEP IRA is like the third child in the family. It tends to get overlooked and never really considered by the self employed investors. There are huge advantages to retirement investing with a SEP IRA and today I'll cover a few of them. We are a wealth management firm that specializes in improving on the traditional buy and hold approach. To use a simple analogy, we do this by treating ones retirement investments as if they were real estate. For more information call us at 727.492.0314 or visit www.JazzWealth.com Facebook https://www.facebook.com/JazzWealth/ Investment related questions 📧 Dustin@JazzWealth.com Business Affairs 📧Carolyn@JazzWealth.com
Просмотров: 5746 Jazz Wealth Managers
How to Invest with Multiple Retirement Accounts
 
03:58
Are your funds spread between different accounts? Learn how to own hard assets with this tip today. You can own real estate today! www.AmericanWealthBuilders.com Follow us on Instagram, Facebook, and more! @AmericanWealthBuilders
Просмотров: 332 American Wealth Builders
Use Tax Advantaged Accounts (IRA, 401k, etc.) To Save Wiser For Retirement, and Pay Less In Taxes!
 
15:15
Are you saving into (maxing out) Tax Advantaged Savings Accounts (for retirement)? What about for education and healthcare (which can also be used for retirement)? If you are not then you are likely paying too much in taxes. “Our favorite holding period is forever.” -- Warren Buffett Why? Why does one of the greatest investors ever want to hold investments forever. Probably because he understands the impact of taxes very well. So how can you not pay taxes...legally! Using tax advantaged accounts is the way to do it! For 2018 many wage earning Americans can contribute in total $27,450 each year before maxing out available options (more if you are married or older than 50). For most saving that much is a tall order...but...something they need to try to do each year! Retirement - IRA (Traditional or Roth) - $5,500 per person (an extra $1,000 if you are over 50). NOTE: Roth phases out at higher incomes. - 401k/403b - $18,500 (an extra $6,000 if you are over 50). - Employer Matching Contribution - If you receive a match from your employer you need to be sure to invest in the 401k or 403b plan first in order to get the full match. After you have received the full match you may choose to save in other types of retirement accounts. After all, you do not want to leave free money on the table. Healthcare/Retirement - HSA - $3,450 individual, $6,900 family (an extra $1,000 if you are over 55). We put this under retirement because if the amounts saved are not used for qualifying medical expenses they can be used in retirement. Education - Coverdell Education Savings Account (ESA) - $2,000 per year for each (phases out at higher incomes). - 529 - Anyone can contribute up to $15,000 per year before you incurring the federal gift tax. What does “tax advantaged” mean? It depends on the particular account type but it could mean contributions are tax deductible, investments grow tax deferred, withdrawal rates could be favorably taxed (or not taxed at all), and can include benefits to your estate/heirs! These benefits can add up to thousands and thousands of dollars over the course of your investing life. Sounds great, what is the disadvantage? You have to leave the money alone! Until you use it for the intended reason! HINT: This may not be a disadvantage! If not you’ll pay taxes and penalties! Don’t Do That! How Are You Doing? - Are you using all available tax advantaged accounts? - Are all of your tax advantaged accounts contributions being maxed out each year? - In taxable accounts is your investment portfolio made up of only index mutual funds and index ETFs? If you didn’t answer YES to each one of these we have work to do! #ira #retirement
Просмотров: 1344 MyMoneyTrainer
How to Calculate Corridor Amortization for Pension Accounting
 
06:29
This video shows how to calculate corridor amortization for pension accounting. A comprehensive example is provided to demonstrate how the corridor is calculated and then compared to the beginning balance in accumulated other comprehensive income for net actuarial gains and losses. The amount by which the latter balance exceeds the corridor is then amortized (thereby increasing or decreasing pension expense) over the average remaining service period of the employees. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Просмотров: 11560 Edspira
Retirement Planning has a BIG Problem
 
06:40
In this video, we outline the big retirement planning issue facing baby boomers and advisors. If you're near retirement you and your financial advisor have played the accumulation game for decades. Retirement changes all the rules. You go from accumulation to retirement and few are prepared for it. ++++++ Get retirement tips every Saturday in our 6-Shot Saturday e-mail https://rogerwhitney.com/6shot/ ++++++ Check out my new book, Rock Retirement https://rogerwhitney.com/book/ ++++++ Check out our weekly podcast on how to Rock Retirement https://apple.co/2JWZxuy This is for informational purposes only. Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by the WWK Wealth Advisors), or any non-investment related content, made reference to directly or indirectly in this webinar will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this webinar serves as the receipt of, or as a substitute for, personalized investment advice from the WWK Wealth Advisors. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. The WWK Wealth Advisors is neither a law firm nor a certified public accounting firm and no portion of the webinar content should be construed as legal or accounting advice. A copy of the the WWK Wealth Advisors’s current written disclosure statement discussing our advisory services and fees is available for review upon request.
Просмотров: 2531 Retirement Answer Man