Posts Tagged ‘Growing’

Growing Number of People Using Solo 401(k) Plan Loan To Pay Off Credit Card Debt, According To IRA Financial Group Survey

Self-employed 401(k) Plan $ 50,000 loan feature allowing small business owners to fund their new business without seeking high interest rate loan options

New York, NY (PRWEB) March 24, 2015

IRA Financial Group, the leading provider of self-directed solo 401(k) plans for self-employed and small business owners with no full-time employees, announces the results of its internal survey which showed a large number of people looking to use the solo 401(k) plan loan feature as a means for paying off their credit card debt.

“Due to very high interest rates surrounding most credit card debt and the heavy financial burden it has on the individuals, more people are turning to the solo 401(k) plan loan feature as a way of paying off the credit card debt with a lower interest rate, “ stated Susan Glass, a tax specialist with the IRA Financial Group. “People are so excited when they lean that they can access up to $ 50,000 tax-free and penalty free from their 401(k) plan and use the solo 401(k) plan loan as a way of replace a high interest rate credit card loan with a low interest rate solo 401(k) plan loan, “ stated Ms. Glass. “The best part of the solo 401(k) plan loan is that you can get tax-free and penalty free access to your retirement funds and use them to pay off the credit card debt and at the same time pay your plan back, which in-turn increases the value of the loan, “ stated Ms. Glass.

Internal Revenue Code Section 72(p) allows a Solo 401K Plan participant to take a loan from his or her 401K Plan so as long as it is permitted pursuant to the business’s 401K Plan documents.

A solo 401k loan is permitted at any time using the accumulated balance of the solo 401k as collateral for the loan. A Solo 401(k) participant can borrow up to either $ 50,000 or 50% of their account value – whichever is less. This loan has to be repaid over an amortization schedule of 5 years or less with payment frequency no less than quarterly. The lowest interest rate that can be used is Prime as per the Wall Street Journal, which is currently 3.25%.

With IRA Financial Group’s Solo 401K plan loan feature, a self-employed individual or small business owner with no employees can borrow up to $ 50,000 tax-free and penalty free and use those funds to pay off student loan debt. There are no penalties or taxes due provided loan payments are paid on time. “The Solo 401(k) Plan loan has proved to be an appealing financing option to paying off high interest rate credit card debt and secure cheaper self- financing”, stated Ms. Glass.

IRA Financial Group’s Solo 401k Plan documents will allow a self-employed individual to use a loan from your Solo 401k for any purpose, including paying off debt, such as a mortgage, personal loan, or student debt. “In 2015, we have already helped hundreds of individuals use the Solo 401(k) Plan loan feature as a way to access at least $ 50,000 of retirement funds without tax or penalty to use for any purpose, including for use in paying off personal debt, such as credit card and student loans, “ stated Adam Bergman, a tax partner with the IRA Financial Group.

The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.

IRA Financial Group is the leading provider of Solo 401(k) Plan solutions. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate and private business investments without custodian consent.

To learn more about the IRA Financial Group please visit our website at or call 800-472-0646.


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LeaseQ Offers Leasing To One Of The Fastest Growing Industries Today – The Construction Equipment Industry

Boston, MA (PRWEB) September 24, 2014

According to a study done by Association of Equipment Manufacturers (AEM), the construction industry is recovering from the recession at a rapid pace. This trend has had a significantly positive impact on the U.S economy given that the industry now supports hundreds of thousands of high paying jobs and billions in economic activity.

The study was conducted in order to determine how the construction industry weathered the recent economic recession as well as its overall performance over the past ten years. The study was also meant to clarify the construction equipment industry’s economic footprint.

Infrastructure project growth could be the reason behind the continued progress in the construction industry. In addition, mining activities have also increased – which has positively impacted the industry in the recent past.

Additionally, the use of advanced machinery over traditional construction machinery has increased over the past few years due to technological development. Acquisition of this advanced machinery through options such as leasing is expected to fuel market growth over the next few years because of its cost effectiveness.

For more information on leasing construction equipment, visit:

However, a major challenge facing the construction industry right now is meeting the stringent fuel emitting standards set by regulatory authorities. Heavy construction equipment is known to emit toxic gases such as carbon dioxide and nitrous oxide.

New machinery technology enhances construction productivity. Vernon Tirey, CEO and Founder of LeaseQ was quoted as saying; “Most construction activities have moved from hand tools to electric powered tools    and some technologies even provide new capabilities to construction equipment. However, many construction companies may not have sufficient capital to fund acquisition of this equipment. This is why we offer equipment leasing through our online platform.”

LeaseQ Is Now Offering Construction Equipment Leasing

New equipment technologies and advances in building materials have helped mitigate the rising costs of construction. There is plenty of good news for companies trying to decide which type of construction equipment meets their needs. LeaseQ leases equipment such as dump trailers, skid loaders, cement trucks, concrete pumps, compactors, specialty pumps and ditch witches among other types of equipment – making those item cost effective for the growing construction industry.

Through their online platform, interested lessees can find construction equipment financing and construction equipment leasing options that suit their current financial situation. LeaseQ connects hundreds of independent equipment leasing companies, regional and local banks and international financial services companies with potential lessees.

Leasing at LeaseQ is quite easy. Lessees only have to fill in basic company and personal information. Once they hit the “get quote” button, LeaseQ will run a soft credit inquiry, which has zero impact on, an applicant’s credit score. The entire process is free and it takes less than two minutes to get a pre-qualified quote.

About LeaseQ

Based in Woburn, MA, LeaseQ is a source of instant leasing quotes from leading finance companies. Their online platform provides a safe and fast way to lease equipment from preferred companies. Visit them at

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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Growing Popularity of Soundbars & Wireless Speakers Drive the Global Loudspeakers Market, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) June 13, 2013

Follow us on LinkedIn – As a component of music systems, loudspeakers assume significant importance as the quality of the sound reproduced depends on the technological sophistication of the speaker system. Demand for loudspeakers primarily depends on consumer spending on audio entertainment devices. Penetration levels of audio equipment such as DVD/CD Players, Blu-Ray Devices, MP3 players, Home Theater Systems, PCs, LCDs, LEDs, and other multimedia devices therefore dictate market prospects for speakers.

The market is poised to benefit from the growing consumer preference for in-home entertainment systems. Indicating change in consumer lifestyle and choice of entertainment, the trend towards At-Home Entertainment is fast gaining strength. Against the backdrop of volatile economic conditions, watching movies, listening to favorite music, or playing games at home is proving to be an economical option in comparison to expensive leisure pursuits such as vacations, dining out or watching movie screenings. The trend directly boosts demand for sophisticated loudspeakers that can enhance audio from TV shows, digital movies or games. Also encouraging growth in the market is the rising adoption of high-end home theater systems, which creates significant opportunities for satellite/subwoofer systems, in-wall speakers and soundbars. Huge demand for home automation solutions among luxury homeowners also creates demand for strategically placed outdoor speakers.

The market also stands to benefit from the robust pace of technology developments. Loudspeakers, over the years, have undergone immense transformation to incorporate the latest technologies and innovations. Among the various developments is the wireless technology that is gaining widespread adoption the world over. Changing consumer preferences, lifestyles, and media consumption habits are driving the acceptance of a range of new, innovative and non-traditional solutions for media playback. Growing demand for mobility, increasing proliferation of connected devices and rising penetration of Wi-Fi networks is making wireless connectivity a standard feature in urban households. While ‘audio quality’ has long been the only product feature influencing consumer purchase decisions, the future will witness the speakers’ ability to wirelessly connect with mobile devices as a key deciding factor. Wi-Fi and Bluetooth enabled speakers are therefore growing in popularity and are boosting market prospects for the overall market. Growing preference for wireless connectivity can be put to perspective by the fact that almost all speaker categories, including soundbars, mobile docking speakers, and even in-wall units are now being re-designed to incorporate wireless connectivity.

As stated by the new market research report on Loudspeakers, Europe represents the largest market worldwide both in terms of volume and dollar sales. The United States represents the fastest growing market with volume sales in the country projected to grow at a CAGR of 9.5% over the analysis period. Given their cost of ownership, satellite/subwoofer speakers continue to remain the largest speaker category in terms of dollar sales, while soundbars represent the fastest growing market with dollar sales waxing at a CAGR of 21% over the analysis period.

Key players covered in the report include Altec Lansing LLC, Amaoto Industrial Co., Ltd., B&W Group Ltd., Bose Corporation, Boston Acoustics Inc., Cerwin-Vega!, Creative Technology Ltd., Cambridge SoundWorks, DEI Holdings Inc., First Audio Manufacturing (H.K.) Ltd., Focal JM-Lab, Focus Audio Inc., German Physiks, Harbeth Audio Ltd., Harman International Industries Inc., Jean-Marie Reynaud, Mårten, Maxxsonics USA Inc., Nortek Inc., Niles Audio Corporation, SpeakerCraft Inc., Opera Loudspeakers, Pioneer Corporation, QLN AB, Quadral GmbH & Co. KG, Sammi Sound Tech Co Ltd., Scandyna A/S, Sonance, Inc., Velodyne Acoustics Inc., VOXX International Corporation, Klipsch Group Inc., and Yamaha Corporation, among others.

The research report titled “Loudspeakers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in value (US$ ) as well as in volume (Units) for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East and Latin America (Brazil and Rest of Latin America). Product markets analyzed include Pair Speakers, Satellite/Subwoofer Speakers, Subwoofer Speakers, Soundbars, In-Wall Speakers, and Outdoor Speakers, among others.

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

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Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Related International Business Press Releases

Imagine Software Adds GF Securities to Growing Asia-Pacific Client Base

Guangzhou, China (PRWEB) November 19, 2012

GF Securities, one of the five largest securities firms in mainland China, selected Imagine Software’s award-winning, cloud-based solution to satisfy its need for an integrated portfolio and risk management system. Following a successful pilot program, GF, an internal fund trading in equities, bonds, futures, and mutual funds, deployed Imagine throughout its risk management department.

Kong Wei Cheng, Vice General Manager of GF, said, “Imagine came highly recommended by a pioneer of the mainland financial services industry and, after using the system, it is clear why. Imagine’s highly flexible and extensible risk management system is years ahead of what is offered by most local vendors. This ability to scale is an essential element for us, along with Imagine’s capacity to support risk analysis and valuations encompassing the global derivatives market. We also continue to be impressed by the firm’s rich practical experience, particularly that of CEO Dr. Lance Smith.”

With the adoption of Imagine’s sophisticated solution, GF can now execute 24/7 real-time stress tests and VaR calculations. The ability to conduct simulations—historical and user-defined—is also heavily utilized, along with the system’s solid reporting engine. From an operational standpoint, GF fully expects to realize significant human resource cost savings by leveraging Imagine’s cloud-based system.

Angus Johnston, Head of Asia-Pacific Sales at Imagine, said, “With the addition of GF Securities, Imagine now serves two of the top five securities firms in mainland China. We are honored by GF’s selection and recognition of Imagine as an industry-leading risk management solution. We are delighted to help GF improve its operational efficiencies by providing a scalable solution that can be extended firm-wide and can grow with the fund.”

# # #

About Imagine Software

For nearly 20 years Imagine Software has been a leading provider of real-time investment management solutions to the global financial community. Since launching the first cloud-based integrated portfolio and risk management offering—the Imagine Trading System—in 2000, the company has continued to guide the industry in innovation. The company’s robust suite of products also includes the Imagine Financial Platform, an environment that extends Imagine’s capabilities through Imagine Apps; the Imagine Marketplace, an online community to distribute and obtain Imagine Apps; and the Imagine Risk Aggregator, a web portal providing greater transparency into investments.

Headquartered in New York City with additional offices in Cleveland, Hong Kong, London, Sydney, and Istanbul, Imagine Software is the trusted solution for thousands of users at the world’s largest hedge funds, funds of funds, brokerage firms, and investment banks.

For more information, visit, contact us at +1 212-317-7600, or follow us on Twitter and LinkedIn.

About GF Securities

GF Securities is a leading full-service securities firm in China. Its business encompasses underwriting, M&A, brokerage, proprietary trading, and asset management. GF Securities upholds its core value of “practicality and realism, and development through professional knowledge and experience.” As a commitment to its clients, GF Securities endeavors to provide the most creative and professional services in the market. GF Securities has a registered capital of RMB 5.9 billion and a staff of over 9,470. With 199 branches throughout China, it is one of the three largest banks in the country.

Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Article by Sonu Parashar

In the ever competitive marketplace need for management leadership has felt from the organizational experts. Nowadays the need is massively felt for good managers and the people who can manage the increasing stress levels across the organizations. Successful management leadership requires an innovative and skilful manager who can assign tasks to the team. The whole set of assignment is done by a leader who can inspire the team members with full of its potential. A person who has perfect management leadership qualities opens up all the dimensions of his style of management.

The leadership skills that the person shows enable him to employ a 360 degree approach where he is able to receive feedback from his peers and subordinates. If you want to check your leadership skills, find out the scenario to know what other people in the dimension think about you. This could be a real trendsetter to append the changes in the leadership style and an opportunity to manage your leadership persona with perfection. You are said to be good manager and leader if you speak and communicate with your peers and subordinates with empathy, courtesy and team spirit.

A right communication with onlookers, clients and business associates is quite a beneficial process in the management leadership scenario. You should take the responsibilities about everything you say or act. Putting across the leading messages to your subordinates is a fine art of communication. When we talk about the integral part of management leadership, leadership is all about respecting others with worth and values. Leadership is all about integrity and leadership management signifies the way in which it spreads its wings in the corporate world.

Management leadership executive education involves a great bit of adaptability during the execution of business process. It simply initiates a process to streamline changing circumstances occurred in your business environment. Every organization has its own take to deal with the organizational changes and handle the resolution issues with utmost care. Being the leader you should also be open to challenges and create a comprehensive action plan to carry your leadership skills to the new level. In today’s environment where difference are inevitable everywhere, opening up the mind set to conserve that changes is the task of utmost gravity. Differences don’t employ a problem but pave a pathway to instigate the anticipated task of specification handling and creating the phenomenal changes during leadership management.

If you design and develop your work style in strict accordance to a pre-defined business plan, your management leadership skill will help you lot. Your skills provide a comprehensive range of adaptability options with better support and leadership strategies. You’ll be the only person in an organization who could face the feedback of customers if sustain every quality that a leader and manager contains as the professionals. Open-minded and flexible approach will discover more opportunities for you Effective communication are the key for the professionals who want to put management leadership towards business success.

About the Author

Sign up for the Learning Leadership programs Executive /Masters /Doctoral Program at PennCLO (from UPenn GSE) . These programs are designed to prepare the Chief Learning Officer CLO and other executives for success as Learning and Talent Development leaders .

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