Hi, everyone, and happy Friday. At the end of the week we look at Amazon’s $700 Million training pledge, and what that means for their employees. Trump comments on cryptocurrencies and how he believes Facebook should be required to have a charter for their Libra currency. Ted Benna, father of the 401(k) is helping small business employees save for retirement. Check out our feature article on how to talk about money in your family. And when it comes to economic indicators, you might be surprised to hear about the importance of the ‘Big Mac Index’ for evaluating the strength of a currency.
The retail giant may end up spending less per employee than the average organization.
U.S. President Donald Trump on Thursday said he’s “not a fan” of cryptocurrencies, and suggested that Facebook may need a banking charter if the company wants to launch Libra.
About 40 years ago, he created a savings plan with employee pre-tax and employer matching contributions. Benna, a retirement benefits consultant at the time, based it off a provision in the Tax Revenue Act of 1978 — paragraph k of section 401.
At some point, you’re going to have to have a conversation about money — with a spouse, a roommate, your kids, your aging parents — but did anyone ever teach you how to talk about money?
The Economist’s Big Mac Index — a lighthearted way to make the value of currencies more tangible — showed that nearly all currencies in the index are undervalued against the dollar.