Water Well Journal
Issue link: http://read.dmtmag.com/i/728580
fore in our country's history has it been easier—or more important—to take control of your own retirement finances. Still, every one of these golden opportu- nities requires action from you to get the ball rolling. When officials at Sears, Roebuck and Company announced their new pension plan back in 1918, many observers viewed it as a radical idea. Instead of the traditional formula where the company invested money on behalf of the work- ers and then paid the retirees a set amount in retirement—Sears had a new idea. Their profit-sharing pension plan allowed both the company and the em- ployee to contribute a fixed percentage of each employee's wages into the em- ployee's individual retirement account. This was the first defined contribution retirement program. And only one com- pany offered it. Today, every business owner and every employee may choose from a va- riety of retirement programs authorized and monitored by the federal govern- ment. As with the Sears plan, though, nothing happens until the principal (you) takes action. Before you can enjoy the benefits of a good retirement program, you must take the first step by signing up for it. Information in this article is provided for educational and reference purposes only. It is not intended to provide spe- cific advice or individual recommenda- tions. Consult an accountant or tax adviser for advice regarding your particular situation. WWJ Twitter @WaterWellJournl WWJ October 2016 57 Bill Lynott is a management consultant, author, and lecturer who writes on business and financial topics for a number of publications. His book, Money: How to Make the Most of What You've Got, is available through any bookstore. You can reach him at wlynott@cs.com or through his website: www.blynott.com. 1-800-831-6962 O www.merrillmfg.com Multi-Size Wire Connector MWCO4124 Kit Control Switch Control Switch Save Time Save Money Splice Heavy Wire to Pump Cable (#4, #6, or #8) to (#10, #12 or #14) (1/2 HP Thru 1-1/2 HP - 3 Wire Pumps) Extra Heavy-Duty Pressure Switch and Control Box - ALL into ONE - US Warehouse: Dallas TX | Australasian Warehouse: Sydney, NSW kwik-ZIP® is a registered trademark of kwik-ZIP Pty Ltd Certifi ed to ISO 9001: 2000 CENTRALIZER & SPACER SYSTEMS FOR THE DRILLING & CIVIL CONSTRUCTION INDUSTRIES The COST-EFFICIENT and HASSLE-FREE way to centralize all your casing, screen and drop pipe applications. • Suits diameters 0.70" (18mm) up to 63" (1600mm) and above • Multiple bow heights-numerous ID-OD combinations • Curved profi le for easy insertion into borehole/casing • Integrated rubber pads (HD Series) to prevent slippage • Rapid and simple on-site assembly • No metal parts USA Sales Offi ce (Dallas TX) 972-790-0160 For product prices and ordering information please contact sales@kwikzip.com Or visit us online for details of your nearest distributor at: w w w . k w i k z i p . c o m "These centralizers have provided excellent centering capability and a resulting grout job that meets all specifications. …It's a good product and after recent failures with stainless centralizers, I am real happy to see a product with good strength properties available for contractors to use." Jim Frazee, Hydrogeologist Florida USA. Get Business Tools in the NGWA Bookstore Head to the NGWA Online Bookstore at the website of the National Ground Water Association when you're looking for your next business tool to aid your business. You can find cost calculators, contracts, best suggested practices, and more. The calculators are for water well drilling, pump installation, and geothermal drilling. Visit the Online Bookstore at www.NGWA.org when it's time to get your next business tool.