A 401k retirement savings plan is a type of workplace benefit that allows employees to contribute to their accounts. It provides them with a tax break on the money they save. The annual contribution limit for a standard 401k is $20,500 in 2022. For those over 50, the limit is $27,000. The term “401k” comes from a section of the… Read more →
Tag: Swiss Finance
4 Tips for Strengthening Your NFT Assets
NFTs, or Non-Fungible Tokens, are a new digital asset that can be used in various ways. They are often traded on the Ethereum blockchain, and they have many uses. NFT assets are unique because each one is different from all others like it. This means that you cannot simply copy someone else’s token to make your own. We will discuss… Read more →
7 Countries That Don’t Accept Cryptocurrency
Being a cryptocurrency enthusiast can be hard. Some people don’t know what it is, and there are places that flat out won’t accept it as payment for goods or services. It might seem like an uphill battle to convince some of these countries to start accepting crypto payments, but the following list should give you hope. These seven countries have… Read more →
Cryptocurrency Scams to Watch Out For
People should watch out for these four cryptocurrency scams. Fake websites Investors buy bitcoin by using a cryptocurrency exchange. There are scammers out there who try to replicate these websites as much as possible. They create imposter websites with the same colors and fonts. The website address may just be one letter off from the original. Scammers collect… Read more →
Building Your 2020 Budget
Creating a budget is an important financial strategy for building a future nest egg. One way to conquer the temptation to spend too much money during and after the holiday season is to establish a sound 2020 budget and stick with the plan. The following tips offer helpful suggestions for devising a workable budget: Think About Future Expenses … Read more →
How to Max Out Your 401K
One of the more common investment vehicles available to workers is the 401(k) plan. As of 2019, employees can invest up to $19,000 in a 401(k) plan. Those who have reached at least 50 years of age can contribute $6,000 in catch-up contributions for a total of $25,000. This is admittedly a pretty high figure for many families to hit.… Read more →
What to Know about Switzerland’s Cryptocurrency Platform
The Emergence of Digital Currency Systems Once you begin to understand the applications of cryptocurrencies and the underlying blockchain technology, you can see the power this technology has. The people behind SIX Digital Exchange (SDX) believe in the future of the crypto space and foresee it redefining the future of the financial industry. SIX looks to bridge the gap inhibiting digital… Read more →
Finance Museum Opens in Zurich
When people plan to visit a museum, they likely expect to see artifacts, pieces of art, or a glance into history. Museums tend to highlight specific facets of life, past and present. With exhibits for a wide range of audiences, the people of Zurich have decided to open a completely unique museum for those who love the number game.… Read more →
How Stable is the Swiss Economy?
The economy of Switzerland is one of the most stable economies in the world. This is mainly attributed to the highly developed service sector. Its prestigious banks have played a vital role in giving the country an impressive reputation in the financial sector. That combined with political stability has made Switzerland a safe haven for investors, thus leading to… Read more →
Top Swiss Financial Institutions of 2016
Financial crisis has triggered a wave of new regulations in Switzerland in the recent past. Besides stability for the overall economic system and customer protection, the ongoing reforms are a reaction to harmonize Swiss regulations with existing and future EU regulations and international restrictions. These changes in the regulatory framework have been coupled with a variety of legal developments, especially… Read more →