Unless you have a finance degree, the topics of a 401l(k) and investing are generally tedious topics for most folks. Learning about some of the key terms can make the topic a little easier to digest. While I am not a financial advisor and do not aim to give financial advice for investing in a 401(k), the only qualifying tip that I can give is that the earlier you start investing, the more prepared for retirement you’ll be.
What is a 401(k)? The name 401(k) is derived from the Internal Revenue Code, section 401, subsection k, which talks about qualified pension plans. A 401 (k) is a pre-tax account that allows you to set aside money on a tax-free basis. Though note you will have to pay taxes on the money once you take the money out. In 2017, the IRS set the contribution limits to $18,000 per year and those age 50 or older may contribute an additional $6,00 per year.
Chris McLoughlin recently joined AgCareers.com as an Inside Sales Representative for Western Canada, Australia, and New Zealand. He works from the Guelph, Ontario office.
What do you do on a day-to-day basis in your role with AgCareers.com?
I reach out to current and perspective customers by both phone and email to make sure that they understand the benefits and value they get when posting jobs with us and I drink a lot of coffee.
What do you enjoy about working with AgCareers.com?
The people I work with are amazing and make coming into work each day a breeze. Being a small part of helping people reach their potential in their chosen careers is a great feeling.
What advice would you give to job seekers using AgCareers.com for the first time?
Upload your resume!! It is great to use the Website to look for jobs but if your resume is on the system employers can search you out and you never know what great opportunities that can open for you.
Sometimes the simplest of gestures can have huge impact. That certainly can be said for a thank you and follow-up after an interview. While most would think saying thank you is standard, in today’s world it often gets overlooked. However, employers are watching and in a tight candidate search, the time writing a quick interview thank you can put you above the competition.
Obviously, start with a nice thank you. You can thank them for their time, their insight about the opportunity, and for considering you for the role. Be genuine and sincere in whatever you choose to thank them for.
If you’re already in a job interview situation, chances are you aren’t crazy about your current job. You’re anxiously waiting for the interviewer to ask you that inevitable question, “Why do you want to leave your current position?”
How can you eloquently discuss your current job, boss, and why you are leaving?
You know the saying “Keep your mouth shut if you don’t have anything good to say!” While it’s true, silence is not an option in a job interview. There are a few very basic reasons that can be simply explained, such as an employer going out of business, a long commute or relocating with a family member. Beyond that, it’s important to stay clear of negativity regarding your current job. If you spew hatred for your current supervisor or employer, it only makes the interviewer think you will do the same with their organization someday.
As you got older while growing up on a family farm, you might have been itching to leave the farm, so you decided to pursue a degree and find a job off the farm and gain an education. Although at the time it felt right, you might feel like climbing the corporate ladder didn’t seem to quite fit what you were after. There might be a little voice in the back of your head telling you where your true passion lies. Ultimately, your goals are to return to the farm where you grew up and first fell in love with agriculture.
Now hold on… just because you are longing to farm doesn’t mean you can’t and it doesn’t mean getting an education was the wrong choice. Education is absolutely vital to help advance the agricultural industry due to the rapidly changing way of life.
So, let’s develop a plan and start thinking long term! Maybe you decided you want to return to the farm someday, whether it’s family owned or maybe it’s not. But your goal is to farm. Look at some things listed below that you’ll need to do to reach your goal.