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One sound approach would be to expand business tax deductions for future expenses and depreciation.
The oil companies' strategy of building up reserves to pay for future expenses is not uncommon.
But now that the economy is struggling, Mr. Sommer of the State Financial Control Board said it was becoming clear that the mayor's strategy of using surpluses to pay for future expenses helped "mask structural deficits".
The savings rate accounts for neither capital gains from investments nor improvement in home values, something which consumers may be counting on to pay for future expenses, like retirement.
PAGE A14 Bloomberg Projects Surplus Fed by the Real Estate Boom Mayor Bloomberg projected that New York City would have a $3.9 billion surplus to carry over into its budget for the next fiscal year, allowing him to cut taxes and set aside money for future expenses.
In any case, working on your retirement income now can help you plan for future expenses in advance and help you map out a game plan to retire and stay retired.
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If the government followed the accounting required of corporations, it would include as a liability the present value of future expenses for Social Security, Medicare and Medicaid.
Advantages to companies include increased morale and job engagement as well as cost-savings associated with retention of employees and avoidance of future expenses for rehiring and retraining.
A systematic approach protects against overlooking immediate payments, assists in allocating for planned future expenses, tightens overall cost analysis, maximizes profitability and helps build retirement accounts".
After spending $4,000 last summer just to set up her daughter Lauren with college needs like a computer, she decided to establish a simple savings account for such future expenses.
It's important to know your long-term care options and how you plan to pay for these future expenses if you need to.
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