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Here are some tips you'll want to follow when enrolling in a 401(k) or other employer-sponsored retirement plan. 1. Contribute. The first thing you need to do is contribute, period - especially if your company offers a match. If you don't, you're literally turning down free money. The most common employer-sponsored plan is a 401(k), in which pre-tax money is deducted from each paycheck based on a percentage you choose, with an annual max of $17,500. 2. Be sure to contribute enough. Contributing a default percentage (on average 3%) simply isn't enough. A bump in your contribution percentage could mean thousands of dollars in retirement income down the road. 3. Roll over your plan from your previous job. With all the excitement of getting a new job, it's easy to forget (or dread) rolling over your old retirement plan into a new one. But failing to do so could cost you. 4. Increase your contribution over time. Early in your career, it's common for your initial contributions to start off low. 5. Be mindful of your portfolio. Stocks and bonds fluctuate, a lot. "Setting it and forgetting it" isn't a viable savings strategy. 6. Wait until retirement to cash out. While this seems like an obvious piece of advice, a lot of people look at their 401(k) as a reserve fund. 7. Resist the temptation to borrow from your plan. Borrowing against your account is far better than cashing out early, but you still face numerous risks.

Axis Capital Business Funding Group in Jakarta Review - Jakarta, Indonesia - You have finally been granted a loan for your dream business. Having that ample amount of money gives you a lot of ideas and makes you plan exciting concepts. The opportunities are limitless. The only problem is you don't know where to start. You may deem yourself capable and expert when it comes to the nature of your business, the ins and outs in the market and what niche and audience to target but bookkeeping is something you are not trained for. The good thing is, you have already been able to estimate the cost and inclusions, the liabilities and possible profits. The only issue is to maintain the cash flow and regulate it, be able to pay off loans and still get a good ROI. According to Axis Capital Business Funding, a credit loan source for small business owners in America, most businesses suffer bankruptcy because of improper handling of budget. As there are more pressure for start-ups and small companies, management administration is a big factor in determining the success of the business. Monthly statements come afterwards that is why some business owners have no idea that they have already spent more than what the budget provided for. With the business up and running, you may already have the idea on the trend in your profit by reviewing the consistent operational system. For start-ups, the assumptions can be based on the trends through geographical location, average competition costs and revenues and ratio of the market to the local businesses. Planning the budget ahead of its execution is to prevent over spending. Here are some of things you can do: 1. Learn about the Industry standards Although businesses are different in nature, they are still bound by some similarities. Do some research on lo