One of the reasons Aaron Patzer founded personal finance site Mint.com was because of his frustrations with Intuit’s financial management software Quicken. Quicken, says Patzer wasn’t user-friendly, and in Patzer’s own words “felt like a product from 1996.” Flash forward two years, and Patzer’s Mint.com (which was also a TechCrunch50 winner) was bought by Intuit for $170 million in the Fall of 2009. Clearly, Intuit perhaps agreed with Patzer, who is now vice president and general manager of Intuit’s personal finance group, that its own financial products needed a a makeover. Today, Quicken 2011 is debuting its software for Windows that includes more features from Mint.com.
This is the first version of Quicken to reflect the collaboration of the Quicken Desktop and Mint.com product and engineering teams since last fall. The new version for Windows users includes 360-degree financial view that brings together all accounts, including bank, credit card, investment and retirement. Intuit has also added support for 7,000 more banks and now lists 12,000 banks and credit union in the U.S.
Quicken’s new automated engine categorizes transactions (i.e. business, clothes, groceries, etc.) Credit card payments are automatically matched to transfers from checking or savings, to ensure they’re not double-counted. You can also create budgets within the software based on an individual’s historical spending and the software will include expense alerts and a graph to project cash flow help users avoid late fees and penalties. Pricing for Quicken 2011 ranges from $29.99 to $89.99.
Patzer says of the new version: “It combines the best of Quicken with what we built into Mint.com to help ease the burden on people trying to manage their money…The product is customizable and intuitive, two things that people have come to expect from modern software.”
One feature that is clearly lacking between Quicken and Mint is the ability to sync your Quicken desktop software with your Mint.com web account, and integrate the data (Quicken Online users are being merged to Mint.com). But Patzer says that this will soon be added to the suite of products. His goal is for Quicken and Mint to work seamlessly across all platforms, including mobile.
On another note, the Intuit acquisition doesn’t seem to have stunted Mint.com’s growth. Patzer says that the platform has grown from 1.7 million users in September of 2009 to 4.2 million users currently.
Ontario’s
recipe for improving Canada’s pension retirement system includes both
modest improvements to the Canada Pension Plan and new pension
innovations from the private sector, Finance Minister Dwight Duncan
says in a new report.
The province issued a consultation paper Friday,
asking for public input on proposals to improve pensions for Ontarians
as part of a national initiative to find solutions to boost retirement
incomes across Canada.
In a letter accompanying the report, Mr.
Duncan continued to support a proposal he endorsed at a national
finance minister’s meeting in June calling for an expansion of CPP
benefits for Canadians. The proposal has faced opposition from Alberta
and is expected to be debated again at a finance minister’s meeting in
December.
“A modest enhancement to the CPP now would provide a
significant benefit to these workers when they retire,” Mr. Duncan
said. “I believe such an enhancement is affordable if contribution
rates are phased in gradually, particularly in light of the over
$8-billion in annual tax relief Ontario will be providing to businesses
as part of its tax plan.”
The report does not back any specific
model for achieving that goal, however, only outlining different
options and asking for comment on the choices.
Currently,
CPP benefits are structured to replace 25 per cent of an individual’s
career average earnings up to an annual limit currently set at $47,200,
although most retirees do not qualify for the maximum amount.
One
reform option is to increase the maximum income replacement rate from
25 per cent currently to a higher rate, such as 35 per cent, the report
said. Another option is to increase the maximum earnings ceiling, the
report said, noting that a 50 per cent or 100 per cent increase would
move it from $47,200 a year to $70,800 or $94,400.
The report also
asks for comments on potential implementation issues with expanding
the CPP, including how to phase in the increases and how extra money in
the fund should be managed. It also questions whether an increase
would have an impact on other retirement savings by inducing employers
to reduce their pension benefits or inducing individuals to save less
on their own.
Mr. Duncan also said governments should make regulatory changes that will provide better private-sector pension options.
In
his letter accompanying the report, he said current rules only allow
pension plans to be offered by an employer to an employee. This limits
options for people who are self-employed or who work for small companies
that cannot afford to offer a pension plan.
The report asks for
input on proposals to allow financial institutions to offer pension
plans with participation from multiple employers, allowing more
companies to offer retirement benefits to workers and reducing
administration costs by creating large pools of funds.
The report
said one goal of such plans would be to allow individuals to hold their
own accounts in the pension plans, so they could transfer them if they
switch jobs. The money would also be portable nationally, the report
suggested.
“By changing these laws, we can expand the range of
institutions that can set up pension plans, and the range of people who
can access them,” Mr. Duncan said.
The report also asked for
comments for reforms to make it easier for companies to offer “target”
benefit plans, which are similar to traditional defined benefit plans,
but allow the employer to reduce payouts if the pension plan does not
have sufficient assets to maintain coverage.
Employers and pension
experts have argued such plans would be more flexible for sponsors and
could be a solution to declining pension coverage in the private
sector, where many traditional plans are being abandoned.
You can download Ontario's new report, Securing Our Retirement Future: Consulting with Ontarians on Canada's Retirement Income System.
I think it's a step in the right direction, but much more needs to be
done. What really worries me is what's going on in Britain, and how long
before we see the same trends on this side of the Atlantic (probably
already happening).
eric seiger
<b>News</b> - Dad: How Demi Lovato Is Holding Up - Celebrity <b>News</b> <b>...</b>
"I want her to be happy," Patrick Lovato tells Us.
Fox <b>News</b> Beats USA Network For Top Cable Network On Night After <b>...</b>
Fox News was the top cable network during prime time on Wednesday night, the day after the midterm election, ahead of USA Network's highly-rated NCIS re-runs. Bill O'Reilly had the most-watched show on all of cable, while Sean Hannity ...
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
One of the reasons Aaron Patzer founded personal finance site Mint.com was because of his frustrations with Intuit’s financial management software Quicken. Quicken, says Patzer wasn’t user-friendly, and in Patzer’s own words “felt like a product from 1996.” Flash forward two years, and Patzer’s Mint.com (which was also a TechCrunch50 winner) was bought by Intuit for $170 million in the Fall of 2009. Clearly, Intuit perhaps agreed with Patzer, who is now vice president and general manager of Intuit’s personal finance group, that its own financial products needed a a makeover. Today, Quicken 2011 is debuting its software for Windows that includes more features from Mint.com.
This is the first version of Quicken to reflect the collaboration of the Quicken Desktop and Mint.com product and engineering teams since last fall. The new version for Windows users includes 360-degree financial view that brings together all accounts, including bank, credit card, investment and retirement. Intuit has also added support for 7,000 more banks and now lists 12,000 banks and credit union in the U.S.
Quicken’s new automated engine categorizes transactions (i.e. business, clothes, groceries, etc.) Credit card payments are automatically matched to transfers from checking or savings, to ensure they’re not double-counted. You can also create budgets within the software based on an individual’s historical spending and the software will include expense alerts and a graph to project cash flow help users avoid late fees and penalties. Pricing for Quicken 2011 ranges from $29.99 to $89.99.
Patzer says of the new version: “It combines the best of Quicken with what we built into Mint.com to help ease the burden on people trying to manage their money…The product is customizable and intuitive, two things that people have come to expect from modern software.”
One feature that is clearly lacking between Quicken and Mint is the ability to sync your Quicken desktop software with your Mint.com web account, and integrate the data (Quicken Online users are being merged to Mint.com). But Patzer says that this will soon be added to the suite of products. His goal is for Quicken and Mint to work seamlessly across all platforms, including mobile.
On another note, the Intuit acquisition doesn’t seem to have stunted Mint.com’s growth. Patzer says that the platform has grown from 1.7 million users in September of 2009 to 4.2 million users currently.
Ontario’s
recipe for improving Canada’s pension retirement system includes both
modest improvements to the Canada Pension Plan and new pension
innovations from the private sector, Finance Minister Dwight Duncan
says in a new report.
The province issued a consultation paper Friday,
asking for public input on proposals to improve pensions for Ontarians
as part of a national initiative to find solutions to boost retirement
incomes across Canada.
In a letter accompanying the report, Mr.
Duncan continued to support a proposal he endorsed at a national
finance minister’s meeting in June calling for an expansion of CPP
benefits for Canadians. The proposal has faced opposition from Alberta
and is expected to be debated again at a finance minister’s meeting in
December.
“A modest enhancement to the CPP now would provide a
significant benefit to these workers when they retire,” Mr. Duncan
said. “I believe such an enhancement is affordable if contribution
rates are phased in gradually, particularly in light of the over
$8-billion in annual tax relief Ontario will be providing to businesses
as part of its tax plan.”
The report does not back any specific
model for achieving that goal, however, only outlining different
options and asking for comment on the choices.
Currently,
CPP benefits are structured to replace 25 per cent of an individual’s
career average earnings up to an annual limit currently set at $47,200,
although most retirees do not qualify for the maximum amount.
One
reform option is to increase the maximum income replacement rate from
25 per cent currently to a higher rate, such as 35 per cent, the report
said. Another option is to increase the maximum earnings ceiling, the
report said, noting that a 50 per cent or 100 per cent increase would
move it from $47,200 a year to $70,800 or $94,400.
The report also
asks for comments on potential implementation issues with expanding
the CPP, including how to phase in the increases and how extra money in
the fund should be managed. It also questions whether an increase
would have an impact on other retirement savings by inducing employers
to reduce their pension benefits or inducing individuals to save less
on their own.
Mr. Duncan also said governments should make regulatory changes that will provide better private-sector pension options.
In
his letter accompanying the report, he said current rules only allow
pension plans to be offered by an employer to an employee. This limits
options for people who are self-employed or who work for small companies
that cannot afford to offer a pension plan.
The report asks for
input on proposals to allow financial institutions to offer pension
plans with participation from multiple employers, allowing more
companies to offer retirement benefits to workers and reducing
administration costs by creating large pools of funds.
The report
said one goal of such plans would be to allow individuals to hold their
own accounts in the pension plans, so they could transfer them if they
switch jobs. The money would also be portable nationally, the report
suggested.
“By changing these laws, we can expand the range of
institutions that can set up pension plans, and the range of people who
can access them,” Mr. Duncan said.
The report also asked for
comments for reforms to make it easier for companies to offer “target”
benefit plans, which are similar to traditional defined benefit plans,
but allow the employer to reduce payouts if the pension plan does not
have sufficient assets to maintain coverage.
Employers and pension
experts have argued such plans would be more flexible for sponsors and
could be a solution to declining pension coverage in the private
sector, where many traditional plans are being abandoned.
You can download Ontario's new report, Securing Our Retirement Future: Consulting with Ontarians on Canada's Retirement Income System.
I think it's a step in the right direction, but much more needs to be
done. What really worries me is what's going on in Britain, and how long
before we see the same trends on this side of the Atlantic (probably
already happening).
eric seiger
<b>News</b> - Dad: How Demi Lovato Is Holding Up - Celebrity <b>News</b> <b>...</b>
"I want her to be happy," Patrick Lovato tells Us.
Fox <b>News</b> Beats USA Network For Top Cable Network On Night After <b>...</b>
Fox News was the top cable network during prime time on Wednesday night, the day after the midterm election, ahead of USA Network's highly-rated NCIS re-runs. Bill O'Reilly had the most-watched show on all of cable, while Sean Hannity ...
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
eric seiger
eric seiger
<b>News</b> - Dad: How Demi Lovato Is Holding Up - Celebrity <b>News</b> <b>...</b>
"I want her to be happy," Patrick Lovato tells Us.
Fox <b>News</b> Beats USA Network For Top Cable Network On Night After <b>...</b>
Fox News was the top cable network during prime time on Wednesday night, the day after the midterm election, ahead of USA Network's highly-rated NCIS re-runs. Bill O'Reilly had the most-watched show on all of cable, while Sean Hannity ...
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
One of the reasons Aaron Patzer founded personal finance site Mint.com was because of his frustrations with Intuit’s financial management software Quicken. Quicken, says Patzer wasn’t user-friendly, and in Patzer’s own words “felt like a product from 1996.” Flash forward two years, and Patzer’s Mint.com (which was also a TechCrunch50 winner) was bought by Intuit for $170 million in the Fall of 2009. Clearly, Intuit perhaps agreed with Patzer, who is now vice president and general manager of Intuit’s personal finance group, that its own financial products needed a a makeover. Today, Quicken 2011 is debuting its software for Windows that includes more features from Mint.com.
This is the first version of Quicken to reflect the collaboration of the Quicken Desktop and Mint.com product and engineering teams since last fall. The new version for Windows users includes 360-degree financial view that brings together all accounts, including bank, credit card, investment and retirement. Intuit has also added support for 7,000 more banks and now lists 12,000 banks and credit union in the U.S.
Quicken’s new automated engine categorizes transactions (i.e. business, clothes, groceries, etc.) Credit card payments are automatically matched to transfers from checking or savings, to ensure they’re not double-counted. You can also create budgets within the software based on an individual’s historical spending and the software will include expense alerts and a graph to project cash flow help users avoid late fees and penalties. Pricing for Quicken 2011 ranges from $29.99 to $89.99.
Patzer says of the new version: “It combines the best of Quicken with what we built into Mint.com to help ease the burden on people trying to manage their money…The product is customizable and intuitive, two things that people have come to expect from modern software.”
One feature that is clearly lacking between Quicken and Mint is the ability to sync your Quicken desktop software with your Mint.com web account, and integrate the data (Quicken Online users are being merged to Mint.com). But Patzer says that this will soon be added to the suite of products. His goal is for Quicken and Mint to work seamlessly across all platforms, including mobile.
On another note, the Intuit acquisition doesn’t seem to have stunted Mint.com’s growth. Patzer says that the platform has grown from 1.7 million users in September of 2009 to 4.2 million users currently.
Ontario’s
recipe for improving Canada’s pension retirement system includes both
modest improvements to the Canada Pension Plan and new pension
innovations from the private sector, Finance Minister Dwight Duncan
says in a new report.
The province issued a consultation paper Friday,
asking for public input on proposals to improve pensions for Ontarians
as part of a national initiative to find solutions to boost retirement
incomes across Canada.
In a letter accompanying the report, Mr.
Duncan continued to support a proposal he endorsed at a national
finance minister’s meeting in June calling for an expansion of CPP
benefits for Canadians. The proposal has faced opposition from Alberta
and is expected to be debated again at a finance minister’s meeting in
December.
“A modest enhancement to the CPP now would provide a
significant benefit to these workers when they retire,” Mr. Duncan
said. “I believe such an enhancement is affordable if contribution
rates are phased in gradually, particularly in light of the over
$8-billion in annual tax relief Ontario will be providing to businesses
as part of its tax plan.”
The report does not back any specific
model for achieving that goal, however, only outlining different
options and asking for comment on the choices.
Currently,
CPP benefits are structured to replace 25 per cent of an individual’s
career average earnings up to an annual limit currently set at $47,200,
although most retirees do not qualify for the maximum amount.
One
reform option is to increase the maximum income replacement rate from
25 per cent currently to a higher rate, such as 35 per cent, the report
said. Another option is to increase the maximum earnings ceiling, the
report said, noting that a 50 per cent or 100 per cent increase would
move it from $47,200 a year to $70,800 or $94,400.
The report also
asks for comments on potential implementation issues with expanding
the CPP, including how to phase in the increases and how extra money in
the fund should be managed. It also questions whether an increase
would have an impact on other retirement savings by inducing employers
to reduce their pension benefits or inducing individuals to save less
on their own.
Mr. Duncan also said governments should make regulatory changes that will provide better private-sector pension options.
In
his letter accompanying the report, he said current rules only allow
pension plans to be offered by an employer to an employee. This limits
options for people who are self-employed or who work for small companies
that cannot afford to offer a pension plan.
The report asks for
input on proposals to allow financial institutions to offer pension
plans with participation from multiple employers, allowing more
companies to offer retirement benefits to workers and reducing
administration costs by creating large pools of funds.
The report
said one goal of such plans would be to allow individuals to hold their
own accounts in the pension plans, so they could transfer them if they
switch jobs. The money would also be portable nationally, the report
suggested.
“By changing these laws, we can expand the range of
institutions that can set up pension plans, and the range of people who
can access them,” Mr. Duncan said.
The report also asked for
comments for reforms to make it easier for companies to offer “target”
benefit plans, which are similar to traditional defined benefit plans,
but allow the employer to reduce payouts if the pension plan does not
have sufficient assets to maintain coverage.
Employers and pension
experts have argued such plans would be more flexible for sponsors and
could be a solution to declining pension coverage in the private
sector, where many traditional plans are being abandoned.
You can download Ontario's new report, Securing Our Retirement Future: Consulting with Ontarians on Canada's Retirement Income System.
I think it's a step in the right direction, but much more needs to be
done. What really worries me is what's going on in Britain, and how long
before we see the same trends on this side of the Atlantic (probably
already happening).
eric seiger
eric seiger
<b>News</b> - Dad: How Demi Lovato Is Holding Up - Celebrity <b>News</b> <b>...</b>
"I want her to be happy," Patrick Lovato tells Us.
Fox <b>News</b> Beats USA Network For Top Cable Network On Night After <b>...</b>
Fox News was the top cable network during prime time on Wednesday night, the day after the midterm election, ahead of USA Network's highly-rated NCIS re-runs. Bill O'Reilly had the most-watched show on all of cable, while Sean Hannity ...
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
eric seiger
<b>News</b> - Dad: How Demi Lovato Is Holding Up - Celebrity <b>News</b> <b>...</b>
"I want her to be happy," Patrick Lovato tells Us.
Fox <b>News</b> Beats USA Network For Top Cable Network On Night After <b>...</b>
Fox News was the top cable network during prime time on Wednesday night, the day after the midterm election, ahead of USA Network's highly-rated NCIS re-runs. Bill O'Reilly had the most-watched show on all of cable, while Sean Hannity ...
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
<b>News</b> - Dad: How Demi Lovato Is Holding Up - Celebrity <b>News</b> <b>...</b>
"I want her to be happy," Patrick Lovato tells Us.
Fox <b>News</b> Beats USA Network For Top Cable Network On Night After <b>...</b>
Fox News was the top cable network during prime time on Wednesday night, the day after the midterm election, ahead of USA Network's highly-rated NCIS re-runs. Bill O'Reilly had the most-watched show on all of cable, while Sean Hannity ...
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
<b>News</b> - Dad: How Demi Lovato Is Holding Up - Celebrity <b>News</b> <b>...</b>
"I want her to be happy," Patrick Lovato tells Us.
Fox <b>News</b> Beats USA Network For Top Cable Network On Night After <b>...</b>
Fox News was the top cable network during prime time on Wednesday night, the day after the midterm election, ahead of USA Network's highly-rated NCIS re-runs. Bill O'Reilly had the most-watched show on all of cable, while Sean Hannity ...
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger eric seiger
eric seiger
eric seiger
eric seiger
<b>News</b> - Dad: How Demi Lovato Is Holding Up - Celebrity <b>News</b> <b>...</b>
"I want her to be happy," Patrick Lovato tells Us.
Fox <b>News</b> Beats USA Network For Top Cable Network On Night After <b>...</b>
Fox News was the top cable network during prime time on Wednesday night, the day after the midterm election, ahead of USA Network's highly-rated NCIS re-runs. Bill O'Reilly had the most-watched show on all of cable, while Sean Hannity ...
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
big seminar 14
There are hundreds of books, and a thousand times more websites online that will try to teach you how to be rich. To be wealthy beyond your wildest dreams. While you can attribute the failure of many to achieve these goals to the books and sites being scams, even the legitimate ones will not teach you what you need to know to attain the level of financial security that you wish to obtain by being "rich."
This is largely because they do not aim to teach you what you need to know, rather focusing on the mechanics of how to build wealth. The mechanics are easy enough, if you were a computer or some otherwise emotionless being, but humans have emotions, and life brings emotional events around us all the time, including in the arena of money. It's this side of finances that people usually learn early growing up in life, or must face as an adult, struggling to get their finances in order.
The definitions of rich and poor contrast each other, as you would think about having and not having money, but being "rich" or "poor" actually has nothing to do with money. To be rich is to have an abundance of something, and to be poor is to lack it.
Even when dealing with money and personal finances, to be rich or poor does not talk about your abundance are lack of cash, but more of your understanding and mindset toward wealth.
For instance, in debt reduction, someone can teach you the mechanics of making a budget, because it's a step by step process. However, they cannot teach you the mindset of how to stick to it. To forgo the instant gratification pleasures that probably put you into debt in the first place.
Dave Ramsey, the famous Christian financial counselor and best selling author says that sound money management is 20 percent knowledge, and 80 percent behavior. The 20 percent knowledge doesn't get any more difficult than about 4th grade math, however the 80 percent behavior can take you a lifetime to learn. The sooner the better.
So in your pursuit of financial wealth, learn the mechanics of it, but do not neglect to set aside the time necessary to learn the behavior of a wealthy person. Remember, a wealthy persons planning with a poor persons execution will still leave you poor.
eric seiger
<b>News</b> - Dad: How Demi Lovato Is Holding Up - Celebrity <b>News</b> <b>...</b>
"I want her to be happy," Patrick Lovato tells Us.
Fox <b>News</b> Beats USA Network For Top Cable Network On Night After <b>...</b>
Fox News was the top cable network during prime time on Wednesday night, the day after the midterm election, ahead of USA Network's highly-rated NCIS re-runs. Bill O'Reilly had the most-watched show on all of cable, while Sean Hannity ...
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
<b>News</b> - Dad: How Demi Lovato Is Holding Up - Celebrity <b>News</b> <b>...</b>
"I want her to be happy," Patrick Lovato tells Us.
Fox <b>News</b> Beats USA Network For Top Cable Network On Night After <b>...</b>
Fox News was the top cable network during prime time on Wednesday night, the day after the midterm election, ahead of USA Network's highly-rated NCIS re-runs. Bill O'Reilly had the most-watched show on all of cable, while Sean Hannity ...
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
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