breaking news! THIS JUST IN…Power couple Beyonce & Jay-Z are expecting baby #2 — reports say! Congrats to the happy couple! Children are a blessing! Share the luv fam! Shout outs welcome!!!

Written by kCAne MarkCO on . Posted in News

WHO’S PREGGO? THE HAPPY HIP HOP COUPLE SAY US US US!Jay-Z Celebrates the One-Year Anniversary of the 40/40 Club

Is Beyoncé with child?
Rumors of the superstar singer’s pregnancy reached a fever pitch today with E! News reporting that she is expecting her second child with husband Jay-Z.

The rumors began to circulate this week after the ESSENCE Festival suddenly canceled her first of two concerts in Antwerp, Belgium on Tuesday. She blamed her absence on dehydration and exhaustion. Shortly after the announcement, she posted a handwritten note saying she has never postponed a show in her life and promised to make it up to her fans.


She did just that the following night when she took the stage against doctors’ orders. She told thousands of screaming fans, “My doctors told me not to perform tonight, but there was no way in the world. I just have to say that you all have given me so much inspiration. And I just want to thank you guys.”

Beyoncé recently told ABC News that 15-month-old daughter Blue Ivy needs “more company.” “I definitely love being a big sister,” she added. “At some point… when it’s supposed to happen.”

The couple’s mogul friend Russell Simmons congratulated the couple via Twitter saying, “Congratulations Jay-Z & Beyoncé.”

Waka Flocka Flame Hosting An Anti-Violence Show In Chicago!

Written by kCAne MarkCO on . Posted in Blog, News

Waka Flocka Flame has been an unlikely advocate for peace, but an advocate nonetheless. After appearing in PETA ads to help fight violence against animals, Waka is now concentrating on people.


Flocka is set to host an anti-violence concert in Chicago, in conjunction with United In Peace INC. The concert’s aim is to help reduce the harrowing violence that Chicago has seen over the past few years.


“Senseless acts of violence are happening all over the world, but it starts with us acknowledging the acts now,” said Flocka. “Chicago is the first but not the last for me.”

Waka Flocka is donating all proceeds to the United In Peace, INC organization.



Written by kCAne MarkCO on . Posted in Blog, News


The elusive million dollar milestone…is it reachable? Well, in short, yes. But not without some careful planning and discipline. Time is a key factor, of course. It all depends on your age, when you plan to retire, what kinds of accounts you use, your investment costs, and your risk tolerance. The more you are able to save on a regular basis, the less risk you need to take and the less time it should take to hit that first million.


Start Saving Now


If you are 35 and starting from scratch, for example, you need to save around $735 per month to have $1 million by age 65, assuming an 8% average annual return. If you are 40, you need to save around $1,135 per month. If you were willing to take on more risk with your investments and managed to average a 10% annual return, you would only have to save around $506 per month from age 35, or around $850 each month from age 40. If you were more conservative, you would need to save more. You get the idea. (You can use the SEC’s calculator to plug in your age and determine monthly contributions.)


Keep in mind that these numbers do not take potential investment costs into account like management fees and fund expense ratios, which could decrease your annual returns by more than 2%. This means that you will likely need to contribute more and/or take on more risk to meet your goal. They also don’t take into account inflation and taxes (we’ll get to that in a minute).


Max Out Your Retirement Accounts


So, where is the best place to save this money for retirement? In tax-advantaged retirement accounts, of course! We’re talking about your 401(k), 403(b), traditional IRA and/or Roth IRA. These kinds of accounts allow you to avoid paying taxes on market growth (capital gains), which really makes a big difference in how much you can accumulate over the long run.


If your company has a plan available, the easiest thing to do is to save there through automatic payroll deductions. These types of plans have a 2013 contribution limit of $17,500 or $23,000 if you are over 50. If your company offers a matching contribution (a.k.a free money), you definitely want to put in at least as much as they will match.


If you have maxed out contributions to your company plan and still want to save more, you can put an additional total of $5,500 (or $6,500 if you are over 50) for 2013 in a traditional or Roth IRA. Remember that Roth IRAs — unlike their traditional counterparts — allow you to grow post-tax money that you can potentially pull out totally tax-free in retirement. Some companies even offer a Roth IRA option as well as a 401(k) within their company plan, which means that you could potentially save $23,000 per year of tax-free money (or more, if you’re over 50).


If you do not have a company plan available and are an entrepreneur, or even if you do have a company plan but also freelance part-time, you may be able to open a SEP IRA or Individual 401(k), two other types of traditional IRAs. These plans allow you to save as much as $51,000 (or $56,500 if you are over 50) on a tax-deferred basis, including any other potential savings in other retirement accounts.


Don’t Forget About Taxes and Inflation


It’s also important to remember that, while hitting that 7-figure mark is still a major milestone, $1 million today won’t be worth that much in 25 years. Assuming an average inflation rate of 3%, it would only be worth around $475,000 in 25 years. (Over the last decade, the average annual inflation rate was less than 2.5%, but over the last quarter-century, the average annual inflation rate has been a little over 3%.)


If you want an inflation and tax-adjusted balance of $1 million by age 65, you may need to save upwards of $2,600 per month from age 35, or $3,200 per month from age 40, assuming an 8% return, and not including investment fees or state taxes. (We know: GULP.) Of course, that’s also assuming that you’re starting from scratch and accounting for 3% annual inflation. (You can do your own calculations with Bankrate’s inflation calculator tool.)


We know that may seem daunting; most people aren’t in a position to save $2,600 or more per month. But it does highlight the importance of starting early, or retiring a little later, in order to reach your retirement savings goal. Hopefully, you don’t have to start from scratch and you can build upon some base savings. You will help yourself a lot by saving extra cash (e.g. bonuses, tax refunds, inheritances) in tax-advantaged retirement accounts whenever possible, opening no or low-fee IRAs at a discount brokerage firm, and choosing lower-cost investments like indexed mutual funds and exchange-traded funds. Whatever your goal, the most important step you can take is to start saving anything you can now so your money can start growing and you’ll be that much closer to reaching $1 million, or whatever your personal retirement savings goal may be.