The Prepaid name itself is self explanatory. Basically this is a payment method for any service which you pay in advance before using it. Where as in post-paid you pay for the service after using it. The services could be anything but mostly Mobile, broadband, TV subscription, calling cards (mostly prepaid only), call termination rates, …
Bookkeeping and accounting are two different departments dealing with the accounts of company. Bookkeeping is the initial stage, in which we keep the record of income and expenditure, whereas in Accounting department accountants analyze the company’s financial activity and prepare reports. Both are very important for the proper management and financial success of a business. …
There is no age consideration when you are planning to take a retirement plan. Planning should be done at the early stages of the carrier but if you have overlooked it then it can be done at any stage of your carrier. A person who is planning for the retirement should be well aware of …
Both 401k and annuities being instruments of saving for your retirement, knowing the differences between them is important. Annuities are generally offered by life insurance companies while 401k is a retirement plan offered by an employer to his employees in U.S. Annuity refers to an agreement that you have with an insurance company wherein you …
Incorporation is the forming of a new corporation. A corporation on the other hand is a formal business association with a publicly registered charter recognizing it as a separate legal entity. The corporation may be a non-profit organization, a business, sports club, or a government of a new city or town. It is interesting to …
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There are many retirement plans in U.S., and while majority of the population is aware of 401k, there are also 403b and 457, which are similar to 401k. While 401k is available to all private sector employees, 403b is available to non profit employees, and 457 is applicable to government employees. There are many differences …
Both 403b and IRA are targeted towards retirement planning. While Individual Retirement Account, or IRA, as it is generally known, is available for all to save for future, 403b, which gets its name from being listed in section 403(b) of US tax code is for specific categories of people mentioned 403(b). 403b is also referred …
Gambling and Speculation are popular among those who are interested in making easy money. One cannot deny that money runs the world today. People always thrive to profit, and the easier it is to earn money, the better. With that mindset comes the popularity of gambling and speculation. However, what one might overlook is the …
Gambling and Investing have few things in common. Both these activities involve money and are considered as commercial activities. There are many ways in which to spend one’s money to earn more. Therefore, taking a closer look at these two activities allows the reader to see that there are many differences between gambling and investing, …
There are many saving plans when it comes to retirement. IRA and CD are two very popular plans to save money for the future. Both the plans envisage putting tax free money into savings account which grows till retirement and taxes are applied when the distribution begins. Individual Retirement Account or the IRA is like …