BMO Retirement Tips of the Day: Don't Rely Too Heavily on Your Company Pension Plan and Choose Wisely With Your Defined Benefit Plan Feb 12, 2012 08:00AM

TORONTO, ONTARIO -- (MARKET WIRE) -- 02/12/12 -- As the February 29th deadline approaches to make a contribution to a Registered Retirement Savings Plan (RRSP) and as part of its ongoing commitment to improving financial literacy, BMO Financial Group will be providing daily retirement tips during the month of February from BMO Retirement Institute Head Tina Di Vito's new book 52 Ways To Wreck Your Retirement...And How To Rescue It.

Tip Number 23:

Have other retirement income options in addition to your company pension plan

In today's uncertain economy, even employer pension plans do not guarantee retirement security. Workplace pensions rarely provide all the income you will need in retirement. Having a clear picture of how much income your pension will provide will help you determine how much additional personal savings you will need to fill any gap between your anticipated retirement lifestyle expenses and your pension plan income. There are a few factors to consider to avoid under-saving for retirement, including:


--  Understand what kind of plan you have (is it a Defined Benefit (DB)
    pension plan; Defined Contribution (DC) pension plan; or group RRSP?)
--  Join your workplace plan as soon as you are eligible and contribute as
    much as possible to the plan
--  Consider contributing to an individual RRSP or a group RRSP if it is
    offered by your employer and take advantage of any contribution matching
    opportunities

Tip Number 24:

Choose wisely with your Defined Benefit pension plan

If you leave your employer before your retirement date, you may have a decision to make regarding the money you've accumulated in your defined benefit (DB) pension plan. With a DB plan, you may be given the choice between receiving a lifetime monthly pension or taking a one-time lump sum and investing it yourself. It is important to make the right choice - this decision is likely irrevocable. So, ask yourself: would you rather have a guaranteed amount of income during retirement or would you prefer to assume full responsibility for investing your money? There are several questions to consider:


--  Are you prepared to manage the investments yourself?
--  What are the survivor benefits in the event of your death?
--  What is the certainty that your company will still be around to make
    payments?
--  Are there post-retirement benefits (such as medical and dental
    benefits)?
--  Does your monthly pension have a cost of living adjustment to keep up
    with inflation?

For more information on retirement: www.bmo.com/retirement.

Get the latest BMO press releases via Twitter by following @BMOmedia.

Contacts:
For all news media enquiries please contact:
Rachael Mckay, Toronto
416-867-3996
rachael.mckay@bmo.com

Sarah Bensadoun, Montreal
514-877-8224
sarah.bensadoun@bmo.com

Laurie Grant, Vancouver
604-665-7596
laurie.grant@bmo.com

Source: BMO Financial Group and BMO Bank of Montreal


Serial Entrepreneur Asks for Entrepreneurial Education to Be Added to Core Curriculum during recent White House Speech Feb 12, 2012 08:00AM

WASHINGTON, Feb. 12, 2012 /PRNewswire/ -- Anthony Delmedico, founder and CEO of Del Visionaries, LLC gave a speech titled E2 at the White House during the recent Future of Entrepreneurship Education (FEE) Summit.  E2 =  Entrepreneurship Education as core curriculum in our K-12 schools.  Anthony is demanding that Congress, state governor boards, President Barack Obama and Secretary of Education Arne Duncan mandate entrepreneurship education as part of core curriculum for all public schools.

(Photo:  http://photos.prnewswire.com/prnh/20120212/NY51937 )

Fueled by the speech he gave at the Future Entrepreneurship Education Summit, Delmedico says he is launching an online digital petition to create awareness to the plight of America's future and garnish the support of millions to the importance of entrepreneurship to empower the next generation of America's youth to become entrepreneurs that is job creators versus job seekers. 

During Delmedico's speech, he gave factual statistics to highlight on how the lack of an entrepreneurial education has a negative effect on America's youth and the American economy. "While the nation's unemployment rate wavers close to 10%, for young adults 16 to 30, the unemployment is closer to 26 percent, and in some cities in our nation close to 40%," said Delmedico. "For those fortunate enough to earn a high school or college degree, very few are prepared for today's new economy, and the job market of today.  Currently there are 2.4M college graduates whom cannot find jobs in their fields of study, that's 80%.  They are in debt up to their eyeballs and they are disappointed," says Delmedico. "According to a recent report by the McKinsley Global Institute, America will need to create a net 21M new jobs by 2020 in order to return to full employment.  Currently we have a job deficit in this country.  75% of all new jobs come from entrepreneurs, not large corporations.  So if we are serious about creating 21M new jobs in the next 8 years, we need to create an army of entrepreneurs. This Army is sitting in our K-12 school system today.  We must launch E2 (entrepreneurship education) as required core curriculum in our schools, starting in the 4th grade and advancing to the 12th grade.  And we must do this by 2013.  This will create an army of job creators versus job seekers and change the face of the American economy within 8 years," says Delmedico.In 2009, Delmedico authored an interactive workbook, Kids in business around the World, that teaches kids (8 to 14) how to start their own business.  Knowing that kids would need more than just a book or academic experience he also invented a mobile business stand branded the Little Green Money Machine™.  Kids pick a kid business template from the book, design their own advertising banners, and sell products/services in their neighborhoods and communities. This revolutionary interactive learning system is now helping kids, tweens, and teens learn how to set goals, set-up their first business, and lays the foundation of financial literacy and social entrepreneurship.    

"If Entrepreneurship is the engine of the American economy, why isn't the same emphasis placed on it in our K-12 schools as Math, English, and Science?  If we are serious about creating jobs, and putting the American economy back on track, this is a no brainer.  We need to create an army of entrepreneurs!  We need to teach it in our schools!" Delmedico demands passionately during his speech to his DC audience. 

The E2 Petition is scheduled to go live on February 17th and will be located online at www.Delvisionaries.com/Petition.  This petition will also support the Learn to Earn Act, supported by the Network for Teaching Entrepreneurship.

About Del VisionariesDel Visionaries, LLC is a community and a movement whose goal is to educate and help our youth as well as adults in learning and experiencing entrepreneurship. Their goal is to help people become more self-reliant, self-confident and financially independent. The launch of products such as The Little Green Money Machine is a part of this goal.To watch Anthony Delmedico's entire speech at the Future Entrepreneurship Education Summit, visit: http://www.youtube.com/watch?v=xf1LJRGp2VwFor more information, visit: www.LittleGreenMoneyMachine.com and www.DelVisionaries.com

 

SOURCE Del Visionaries


Spin Master Launches La Dee Da™ Feb 12, 2012 08:00AM

TORONTO and LOS ANGELES, Feb. 12, 2012 /PRNewswire/ -- Spin Master Ltd. is turning the fashion doll aisle from ordinary into extraordinary this fall, with its Rowdy, Shouty, Chic fashion doll line, La Dee Da™, a stunning fashion doll line where everyday things inspire unexpected fashions.

La Dee Da™ is an outrageous fashion label created by a talented New York City teen named Dee and her three best friends, Tylie, Cyanne and Sloane. While attending design school in the city, these over-the-top designers always go for the bold, whether its shakeup makeup, fierce outfits, or crazy purple curls, La Dee Da™ invites real girls to create, imagine, and express themselves through a new kind of fashion play that is "Dee-lightful!"

Targeted to girls aged six to ten, La Dee Da™, delivers a unique new combination of fearless fashions, fabulous accessories and activity booklets complete with the girls' back story and "do it yourself" activities.

"We are thrilled to launch our exciting new fashion doll line, La Dee Da. La Dee Da is about a teenage fashion designer Dee and her super talented BFF's. You will be blown away by their incredible imaginations and over-the-top looks", says Nicole Perez, VP of Marketing, Spin Master. "La Dee Da encourages all girls to design their world and turn ordinary to extraordinary."

In addition to the retail launch of La Dee Da, the brand will extend into the digital space with interactive content on LaDeeDaGirls.com and innovative apps for the iOS platform. Girls can participate in the adventures of Dee and her friends with e-Stories for the iPad. The website invites them to follow the stories and design ideas of the La Dee Da girls, create designs of their own, play games, and more. Games will also be available on iPhone and iPod Touch so you can play them wherever you go!

Line extensions and accessories include DEE Signature Doll, Sweet Party Collection and World Trip Collection and Fashion Design Sketchbook, Le Bun's Closet and Studio Fashions will all be available in August at leading retailers and specialty stores throughout the U.S. and Canada, and online at www.LaDeeDaGirls.com. Dolls retail at $19.99 MSRP ($24.99 MSRP in Canada); accessory items range from $5.49 to $12.99 MSRP.

About Spin Master Ltd.

A multi-category children's entertainment company since 1994, Spin Master has been designing, developing, manufacturing and marketing consumer products for children around the world and is recognized as a global growth leader within the toy industry. Spin Master is best known for such popular brands as boy's action phenomena and 2010 Boys Toy of the Year winner Bakugan Battle Brawlers™, and award-winning brands Air Hogs®, Aquadoodle™, Tech Deck™, Moon Sand™, Liv™, and Zoobles™. The company has also marked an entry into children's media with the launch of Spin Master Entertainment, a subsidiary focusing on the design, development and production of television and other media properties. Spin Master employs 900 people worldwide with offices in Toronto, Los Angeles, London, Paris, Hong Kong, Mexico, Munich, Italy and central Europe. For additional information please visit: www.spinmaster.com.

 

SOURCE Spin Master Ltd.


Dickey's Barbecue Pit Heading to Broken Arrow Feb 12, 2012 08:00AM

BROKEN ARROW, Okla., Feb. 12, 2012 /PRNewswire/ --  Dickey's Barbecue Pit is coming soon to Broken Arrow.

"Dickey's offers high quality food, a family friendly environment and excellent customer service," said franchise owner Mark Woeppel.

This new location is at 820 North Aspen. The store phone number is 918.615.9819. Woeppel also owns and operates the Dickey's in Tulsa.

"Broken Arrow needed authentic barbecue and I am glad to be the one bringing it," said Woeppel. "I can't wait to be open." According to Woeppel, he will be open around the first week in March.

Dickey's Barbecue Pit opened its first location in Dallas in 1941. Dickey's began franchising in 1994 and has continued to grow across the country. Dickey's currently has more than 200 locations in 36 states nationwide.

Dickey's Barbecue offers a quality selection of signature meats, home style sides and tangy barbecue sauce. All meats are slow smoked on-site in each restaurant. Kids eat free every day at all participating Dickey's locations until February 29th. For more information, including a full menu, other restaurant locations and franchising opportunities, please visit www.dickeys.com.

About Dickey's Barbecue RestaurantsFounded in 1941, Dickey's Barbecue Restaurants began in Dallas, Texas. More than 70 years later, Dickey's is now the leader of fast-casual barbecue in the country. Beginning with an aggressive growth strategy and proven business model, and since implementing its proprietary five revenue streams for business growth, Dickey's Barbecue Restaurants can now be found in 36 states and more than 200 locations nationwide. For more information on partnering with Dickey's Barbecue Restaurants in any location, call (866) 340-6188 or visit www.dickeys.com. Also visit our corporate Facebook page at www.facebook.com/dickeysbarbecuepit. Dickey's: Passionate about the Art of Great Barbecue.

Media Contact:Kate Morganelli972.248.9899kmorganelli@dickeys.com

 

 

 

SOURCE Dickey's Barbecue


BMO Retirement Tips of the Day: Don't Rely Too Heavily on Your Company Pension Plan and Choose Wisely With Your Defined Benefit Plan Feb 12, 2012 08:00AM

TORONTO, ONTARIO--(Marketwire - Feb. 12, 2012) - As the February 29th deadline approaches to make a contribution to a Registered Retirement Savings Plan (RRSP) and as part of its ongoing commitment to improving financial literacy, BMO Financial Group will be providing daily retirement tips during the month of February from BMO Retirement Institute Head Tina Di Vito's new book 52 Ways To Wreck Your Retirement...And How To Rescue It.

Tip Number 23:

Have other retirement income options in addition to your company pension plan

In today's uncertain economy, even employer pension plans do not guarantee retirement security. Workplace pensions rarely provide all the income you will need in retirement. Having a clear picture of how much income your pension will provide will help you determine how much additional personal savings you will need to fill any gap between your anticipated retirement lifestyle expenses and your pension plan income. There are a few factors to consider to avoid under-saving for retirement, including:



--  Understand what kind of plan you have (is it a Defined Benefit (DB)
    pension plan; Defined Contribution (DC) pension plan; or group RRSP?)
--  Join your workplace plan as soon as you are eligible and contribute as
    much as possible to the plan
--  Consider contributing to an individual RRSP or a group RRSP if it is

offered by your employer and take advantage of any contribution matching

    opportunities



Tip Number 24:

Choose wisely with your Defined Benefit pension plan

If you leave your employer before your retirement date, you may have a decision to make regarding the money you've accumulated in your defined benefit (DB) pension plan. With a DB plan, you may be given the choice between receiving a lifetime monthly pension or taking a one-time lump sum and investing it yourself. It is important to make the right choice - this decision is likely irrevocable. So, ask yourself: would you rather have a guaranteed amount of income during retirement or would you prefer to assume full responsibility for investing your money? There are several questions to consider:

-- Are you prepared to manage the investments yourself? -- What are the survivor benefits in the event of your death? -- What is the certainty that your company will still be around to make

payments?

-- Are there post-retirement benefits (such as medical and dental

benefits)?

-- Does your monthly pension have a cost of living adjustment to keep up

with inflation?

For more information on retirement: www.bmo.com/retirement.

Get the latest BMO press releases via Twitter by following @BMOmedia.

FOR FURTHER INFORMATION PLEASE CONTACT:
        For all news media enquiries please contact:
        Rachael Mckay, Toronto
        416-867-3996
        rachael.mckay@bmo.com

        Sarah Bensadoun, Montreal
        514-877-8224
        sarah.bensadoun@bmo.com

        Laurie Grant, Vancouver
        604-665-7596
        laurie.grant@bmo.com

Source: BMO Bank of Montreal


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