Archive for the ‘Business News’ Category

Get 6 Months of Line2 Service for Free!

Posted by Christina Lopez on December 14th, 2010

Get 6 Months of Line2 service for free! Toktumi CEO Peter Sisson is giving away Line2 subscriptions Wednesday December 15th at 3pm at the Ferry Building in San Francisco. Just answer a Line2 trivia question and get free service!  Look for the three guys in Santa hats – one of them is Peter Sisson in the Holiday giving mood.

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2010 Tax Planning: In-Plan Roth Rollovers

Posted by Christina Lopez on December 12th, 2010

The Small Business Jobs Act of 2010 permits in-plan rollovers to a Roth account effective for all distributions made after Sept. 27, 2010. Prior to this law, Participants had to roll money out of their retirement plan to a Roth IRA to invest after-tax.

In 2010 only, a one-time special tax rule allows a rollover from a taxable account to a Roth Account completed in 2010 can be included in income in 2011 and 2012.

Because of this unique opportunity, it was necessary for the IRS to release some guidance on questions that were not answered in the Small Business Jobs Act.

Notice 2010-84 (issued Friday November 26th) clarifies a number of issues regarding in-plan conversions to a Roth account (in-plan Roth rollovers) including:

  • Clarifying that 401(k) and 403(b) plans may retroactively amend plans for in-plan Roth rollovers;
  • 402(f) notices need to be modified to add in-plan Roth rollover information (although safe harbor notices do not require modification for 2010 and 2011); and
  • Clarifying several taxation and distribution issues.

What Can Be Rolled Over

Any taxable, eligible rollover distribution can be rolled over (in-service or after termination distributions).

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You Spoke and We Listened – Major Changes Coming to Customer Support

Posted by Christina Lopez on December 8th, 2010

Our goal is to design products and provide service that makes our customers so happy that you want to tell all their friends about us. Unfortunately with all new technology there are occasional bumps in the road, and when there are you want fast, clear answers from customer support.

In order to provide the most complete customer support this year we’ve tried to augument our core San Francisco based team with outsourced customer service centers available via live chat.Regrettably the live chat solution has been a big disappointment. We’ve heard your stories of long waits in cue. Worse yet we’ve heard you speak of the confusing or at times outright incorrect information that you receive from the chat reps. After

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This Blog’s For You: The Reason I Write Erica.Biz

Posted by Christina Lopez on December 7th, 2010

Happy third birthday, erica.biz! It seems like yesterday that I decided to change my little personal blog into a powerhouse business blog with a real community behind it. When I launched erica.biz on December 4, 2007, I wasn’t sure where it would go. A lot of people held the opinion that the blogosphere was “saturated.” What I learned was that a new perspective–if it’s fresh and interesting–is always welcomed.

The first heartfelt blog post I wrote after I launched erica.biz was called “Hitting the jackpot doesn’t mean instantly becoming happy.” In it, I emphasized an issue I see with all too many people: Thinking that once you win the lottery, sell your business, or meet some other huge goal that everything will be okay.

The reality is that it doesn’t change much. You’re still you. A

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How to Make Money on the Internet

Posted by Christina Lopez on December 2nd, 2010

The truth about how to make money on the Internet–minus the hype and BS. I can’t stand this any more. I’ve had enough. Something needs to be said:

Too many of us have completely forgotten how to work for a living.

I can’t count how many emails I’ve received that say something along the following lines: “Erica, I need to know how to make money on the Internet. But I need make at least $100,000 in my first year or it won’t be worth it for me. Can you suggest something that would help me do that?”

You–yes, you, the person who writes that–do you know what you’re called in the Internet marketing world by all the “gurus”?

They call you a “buyer”. And it’s not a good title to have.

How They Rope You In

Here’s what happens. You send an email like that to a

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Participant procrastination perils proper pension planning

Posted by Christina Lopez on November 29th, 2010

And that part of it, I could never understand. But I now have a little more insight thanks to an article written by Steve Martin in the November 9, 2010 issue of Inside Influence Report. Mr. Martin alliteratively writes about the persuasive pull of procrastination.

Mr. Martin looks at recent research that explains why many people find it easy to come up with excuses that put off things for some time in the future. Not just unpleasant tasks, mind you, but things like saving money.

The research he cites is the article Procrastination of Enjoyable Experiences, Journal of Marketing Research (2010 in press), written by Suzanne Shu from the Anderson School of Management at UCLA and Ayelet Gneezy from the University of California in San Diego.

Here’s what their study was about. They offered participants a gift certificate good for coffee and cake at a high-end local bakery. S

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New iOS 4.2.1 Golden Master Fixes VoIP Ringing Issue

Posted by Christina Lopez on November 26th, 2010

We are thrilled to report that Golden Master 4.2.1, which Apple released yesterday http://www.engadget.com/2010/11/18/apple-posts-ios-4-2-1-gm-seed-ipads-salivate-in-wait/, fixed the bug that caused an issue with the ringing function in Line2 as well as other VoIP calling applications.  As part of our commitment to service, we sent out an email alert on Nov 17 advising that you should avoid upgrading to iOS 4.2 because it caused Line2 and other apps to function improperly. Thanks to Apple quickly fixing this iOS bug we are happy to announce that that Line2 has no known issues with iOS 4.2, so feel free to upgrade your device.

One extra bit of good news for iPad Line2 users is that iOS 4.2 now supports backgrounding on iPads. Read more…

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