Your retirement accounts: Include your 401k and your IRA, if you have them.
401(k) plan assets are not considered an asset to the company itself. They are never recorded as an asset on your company financial statements and, in fact, the only impact that they have on corporate financials relates to recording employer contributions through the income statement.
Retirement account: Retirement accounts include 401(k) plans, 403(b) plans, IRAs and pension plans, to name a few. These are important asset accounts to grow, and they're held in a financial institution. There may be penalties for removing funds from these accounts before a certain time.
NOTE 1: Retirement funds should be listed in the space for IRA/Keogh/SEP or the space for Vested Interest in Pension Plans/401k/403b, as appropriate. NOTE 2: If you own your business, do not put the value here. It is not a publicly traded stock.
Location. Your property must be located in a state served by Unlock: Arizona, California, Florida, Michigan, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Virginia or Washington state.
Taking equity out of your home can be risky because it involves borrowing against the value of your property. This means you are increasing your debt and potentially putting your home at risk if you are unable to repay the borrowed amount.
What is the purpose? The purpose of the FDS is to provide transparency about the private interests and activities of public officials and their relatives which could, among other things, help identify potential conflicts of interest.
Disclosure involves providing detailed and transparent information about an organization's performance and position. It is often required to ensure transparency, enable investors and stakeholders to make informed decisions, and maintain trust in financial markets.
The Financial Disclosure Statement (FDS) is a document about certain state employee's financial interests and must be filed annually (digitally or by hardcopy) with the OIG. Only the following persons must make this filing: State officers and candidates for state offices.
The purpose of a disclosure statement is to provide individuals with relevant information that may impact their decision-making process or their understanding of a particular transaction or agreement. It helps to ensure transparency and allows parties to make informed choices.