What Are 401k Audit Requirements

As a business owner, you know that a 401k plan helps you retain your top employees. However, with the expansion of your business comes increased obligations. So, you may have wondered:

Does my company 401k plan need to be audited?

As your company grows, the number of retirement plan participants will increase as well, and your company 401k plan may require an audit as part of your Form 5500 tax return obligations. Read on to find out if your company 401k plan needs an audit.

The Hidden Costs of Buying A Bigger House

After calculating energy costs, property taxes, home furnishings and home maintenance, those extra 500 square feet can end up costing you thousands of dollars more than you realize.
AVERAGE ONE-TIME COSTS WHEN BUYING A NEW HOUSE
Purchase price of a average new house: $84/sq ft
Closing costs: 3.5% of the home price
Costs to fully furnish a new home: 20% of the home price
AVERAGE ANNUAL COSTS OF HOME OWNERSHIP
Energy costs: $1.03/sq ft
Maintenance: 1% of the home price
Property taxes: 1.3% of the home price
Over a 30 year mortgage, each additional 500 square feet of space will cost you an extra-
$42,000 in initial purchase costs
$1,470 in closing costs
$8,400 in furnishing
$24,148 in mortgage interest
$16,506 in property taxes
$15, 450 in energy costs
$12,600 in maintenance
HOW MUCH THAT BIGGER HOME WILL REALLY COST YOU OVER 30 YEARS ASSUMING YOU HAVE A 30-YEAR MORTGAGE AT 4%
A 1000 sq ft house will cost you an extra $241,148
A 1500 sq ft house will cost you an extra $361,722
A 2000 sq ft house will cost you an extra $482,297
A 2500 sq ft house will cost you an extra $602,871
So before buying that bigger house, ask yourself:
Is it truly worth the extra cost?

Infographic by http://www.investmentzen.com/news/the-hidden-costs-of-buying-a-bigger-house/

The True Cost Of Car Commuting To Work (Hint: It’s A Lot More Than You Think)

Each extra mile you add to your drive to and from work can cost you thousands of dollars over a thirty year career. What are the true costs of your drive to work when you add up all those hidden expenses? Based on number crunching by Mr. Money Mustache, each mile in your commute costs $795 per year. But that cost goes up drastically when you factor in lost opportunity. Taking alternative modes of transport doesn’t have to take more time either. Public transport might take longer than driving, but you can read, rest, or check email. Biking is also a chance to exercise. Rethinking your commute can open you up to a whole new world of possibilities.

Infographic by http://www.investmentzen.com/news/the-true-cost-of-car-commuting-to-work-hint-its-a-lot-more-than-you-think/

How to Pick the Best Life Insurance Company

This infographic is designed to help the consumer pick the best life insurance company. There are 1000’s of life insurers but only about 60 that are worth getting. Idea is to show the consumer what to look for in order to pick an appropriate carrier. It starts with analyzing their needs, reading company reviews, compare quotes and finally applying for coverage.

Infographic by best life insurance companies

How to Claim Insurance for Fire Damage

Fire Accidents causes extreme damages to the property and wealth. Fire Accidents are mostly happens unfortunately by some issues. But whenever it happens, it drastically changes one’s life that they can’t be able overcome the losses caused by fire and smoke. Sometimes it takes life too while destroying the properties in the way. Most of the people have applied an insurance Policy for the property to secure and also have an additional endurance when a mishap happens. By claiming that insurance money, one can accommodate their losses occurred by fire and smoke damage. Claiming insurance from the Insurance Company is not an easy process. To get help in this condition, one can take help from a Public Adjusters.

Finance Goals By Decade

Everyone knows goals are important, but how many of us actually have them, especially regarding how we manage our money? It can be a confronting subject to think about, especially if you’re nowhere near where you’re supposed to be! But don’t worry too much about it – firstly, many (most?) people don’t have it figured out either. Secondly, it’s never to late to get started! Even if you’re not as young as you used to be, there are still steps you can take to ensure that your finances are rock solid for life’s eventualities. Check out our “Finance Goals by Decade” infographic to guide yourself back to the path of financial success.

Infographic by Finance goals by decade infographic

Tips to Save Money this Winter

As soon as the winter season approaches, people start to find ways to reduce their heating bills. Of course, in order to stay warm and conformable during the cold months, we’re going to install insulators or buy insulator equipment to fight off the cold. However, there are other ways also to stay warm but still save money during winter.

 

Just remember always to keep the drafts from getting inside your house and do your best to prevent warm air from leaking out. To do this, install draft fixtures, plastic wrap windows, tune up your heating equipment and turning down the thermostat when nobody is using.

How to Hire the Right Mold Removal Company

Mold is a serious issue that generally develops after water flooding in homes and other buildings. Mold appears on walls with black spots and cause serious health disorders. In that way respiratory way problem is one form caused by mold which is considered to be more dangerous. It not only impacts the health of your family but also your house. It depletes aesthetic of your house and may even damage your costly furniture. It is important to remove the mold as soon as possible with help of professional mold remediation experts. Before hiring a mold removal company just check whether, that the contractor of the company is licensed and having years of experience in this field. For More details, about hiring right mold Removal Company, visit http://pslrepairs.com/mold-removal-remediation-port-st-lucie-contractor/