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Intel Execs Take a Pay Cut: CEO Gelsinger to Reduce Base Pay by 25%

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CEO Pat Gelsinger and mid-level managers will be impacted, with Gelsinger seeing his base salary slashed by a quarter, or roughly $312,000 of his $1.25 This comes in the wake of Intel spending $489 million in 2022 to match employee contributions to qualified retirement plans, according to their annual report. million base pay.

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Why You Should Start Your Own Business Today

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Since joining the company eight years earlier, he had worked his way up to a solid position in middle management with a decent salary and great benefits. According to the Bureau of Labor Statistics , the number of “job losers and persons who completed temporary jobs” remained at about 2,800 in March, April and May 2022.

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3 Financial Tips to Consider Before Pursuing Your Passion Full Time

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By 2020, we’d both become full-time entrepreneurs and today, we’re well on track to fully replace our old job salaries by 2022 if not sooner. Most conversations about investing tend to focus on retirement planning and thus a lot of attention is paid to 401(k) and IRA accounts. Open and start funding a brokerage account.

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Have a Strategic Plan So You Can Cash Out On Your Terms

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Listen to this week’s episode of the rich & REGULAR podcast about our new book, Cashing Out , available on June 14, 2022, and keep reading for some thoughts about developing a strategic plan to cash out of your job on your terms. Include balances of your non-retirement accounts and other assets. Think strategically.

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Lessons From Past Recessions

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As of August 2022, the economy has already seen two months of negative GDP growth, but the National Bureau of Economic Research (NBER) hasn’t officially declared one yet. Am I anticipating any major life events with significant expenses attached (like a new baby or retirement)? Beef up your emergency fund.

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5 Different Types of Retirement Plans You Need to Know About

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You’re probably familiar with terms like 401(k) or Roth IRA, which are types of retirement plans. You might be less sure about the particular characteristics of these accounts or how they follow specific rules laid out by the Internal Revenue Service (IRS) to protect your retirement funds. Employers can match contributions.

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Hearth: A Writer Explores the Concept of Home During Her Early Career as a Writer in Delhi, Mumbai and the U.S.

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A twist of fate post-retirement put his hard-earned savings at stake, leading him to rally to get a stretch of land for a new residential area in Delhi. I got a job as a junior features writer with the Indian edition of a teen magazine on a monthly salary of Rs 6,000 (approximately $80), more than half of which went into rent.

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