7 Creative and Quick Dining Room Updates

With so many dining rooms being converted into part of the living room or kitchen these days, dining room design has kind of fallen by the wayside. But if you’re one of the lucky homeowners to have hung on to a formal dining space, you’ve got an opportunity to make some amazing modern updates. Here are 7 affordable ways to breathe new life into an old dining room:

#1 Perk things up with paint.
Are your dining room walls still the same color they were when you moved into your house 10 years ago? If so, there’s a good chance the color’s a little past its prime. In fact, it may also be doing an injustice to your furniture and the updates you’ve made in adjoining rooms as well. Refresh the walls with a paint shade that makes you feel comfortable and cozy. The room will reflect that feeling.

#2 Modernize the lighting.
Are outdated chandeliers and lamps gathering dust in your dining room? Consider sending them packing and installing some recessed lighting and pendants in their place. Pendant lights, in particular, come in a wide variety of styles and colors sure to add some new pizzazz to your space.

#3 Repurpose another room.
If your dining room is located in an undesirable space — a cramped corner of the house away from the kitchen, for example — pick a new place for your table and chairs. Put them in the kitchen, if you have the the space. Or, place the dining table somewhere right in your living room, where there’s easy access to the TV and stereo. You should always feel comfortable during a meal, and being confined to an area you don’t enjoy doesn’t contribute to that feeling.

#4 Add some visual appeal.
Visual appeal doesn’t stop at paint and lighting. It’s also important to consider how wall decor may increase the interest and comfort of the room. Blank walls may make it easy to zone out and focus on your meals, but your guests will surely enjoy looking at something a little more interesting. Depending on your budget and the size of your dining room, consider hanging potted plants and colorful pieces of art. Just be sure to balance wall decor with other elements in the room so your space doesn’t feel like it’s cluttered with stuff.

#5 Throw in a rug.
One of the worst sounds to hear is a chair scratching against the floor as you go to get up from the dining table. So fix the issue. Add a rug underneath the table and chairs to make things soft and cozy. Choose a rug that isn’t too thick with fibers. Otherwise, your chairs can get stuck and twisted. Of course, you’ll also want to make sure that the style and color of your rug complement the rest of the room.

#6 Use dividers.
Many newer homes combine kitchen and dining spaces. If you want to create a dedicated dining space, think about incorporating a room divider. It’s much cheaper than installing a wall — and you can add shelves, plants or a sliding door to further divide the two spaces. Plus, the flexibility of the divider allows to revert back to the bigger space any time you like.

#7 Build in.
How’s your dining room designed? Do you have a table that sits in the middle with four chairs around it? If you want to make the room more functional — and create more storage in the process — think about ditching the clunky furniture and opting instead for built-ins like bench seating, china cabinets and buffets. A professional can create custom built-ins to suit any style.

The post 7 Creative and Quick Dining Room Updates first appeared on Century 21®.

Source: century21.com

How to Create Your Own Retirement Plan

One of the good things of working for a company is that they create a retirement plan for you. As an employee, you don’t have to do anything else but to participate in the plan. However, when you’re self-employed or a small business owner, you’re responsible of setting up your own retirement plan.

When it comes to operating your own business, time is of the essence. However, even if you’re crazy busy, saving for retirement should be a priority. Indeed, a retirement account allows you to contribute pre-tax money, which lowers your taxable income.

Luckily, a financial advisor can help you save time and help you choose the right plan that is best for you. Below are four retirement saving options you can create as a self-employer individual.

1. Solo 401k

A solo 401k is for small businesses or sole proprietors who don’t have any employees other than a spouse working for the business. The solo 401k mirrors a typical 401k plan that most companies offer. The main difference is that you can contribute as an employee and employer.

In other words, because you’re both the boss and the worker, you get to contribute in each capacity. That in turn allows you to contribute a higher amount each year. However, your total yearly contributions cannot exceed $58,000 or $64,000 for individuals age 50 or older as of 2021. To set up a solo 401k, you have to get in touch with a financial institution.

2. SEP IRA

If you’re an independent contractor, self-employed, or has a small business with 25 employees or less you can set up a SEP (Simplified Employee Pension). It’s very easy to establish and don’t even require you to incorporate your business to qualify.

In a SEP IRA, the employer alone contributes to the fund, not the employees. You can contribute up to 25% of your annual salary or $58,000 in 2021, whichever is less.

3. Keogh Plan

Keogh plans are available to self-employed people, including sole proprietors who file Schedule C or a partnership whose members file Schedule E. This type of plan is preferable among those who have a high and stable income.

But the main advantage the Keogh has is the high maximum contribution you can make. In 2021, you can contribute up to $58,000. To set up, you will need to work with a financial institution such as Charles Schwab. 

4. Simple IRA

The Simple IRA was created by the Small Business Protection Act to help those who work at small companies to save for retirement. The small business can offer the plan if it has 100 or fewer employees.

Both the employer and the employee can contribute up to $13,000 in 2021, plus an additional catch-up amount of $3,000 if you’re 50 or older. If a company offers a Simple IRA, it must match an employee’s contribution dollar for dollar, up to 3% of each participant’s annual salary or make a nonelective 2% contribution to all employees.

Where to Invest Your Keogh, SEP IRA, Solo 401k, Simple IRA

As a small business owner, there is always an investment program that suits your needs for your IRA, SEP, Keogh and solo 401k. Places such as banks, brokerage firms and mutual funds institutions such as Vanguard, Fidelity, Charles Schwab are great options. But before opening account, make sure you consider how much money you have, your appetite for risks, the annual fee, etc.

The Bottom Line

If you’re a small business owner or self employed, you should take advantage of the tax benefits offered by these plans mentioned above. Creating a retirement plan is important, because not only will you be able to grow your retirement savings faster but also no one is going to do it for you. 

Related:

  • 4 Simple Ways to Accelerate Your Retirement Savings
  • How to Retire at 50:10 Easy Steps to Consider

Tips on Retirement Planning

Retirement planning can be a major challenge, but you don’t have to go in it alone. Speak with a financial advisor who can help you come up with a unique plan based on your circumstances and situations. Use SmartAsset advisor matching tool to get matched with fiduciary financial advisors in just 5 minutes.

 

The post How to Create Your Own Retirement Plan appeared first on GrowthRapidly.

Source: growthrapidly.com

6 Essentials for an In-Home Movie Theater

While winter weather can make going outside seem less than inviting, you can entertain your family indoors with your favorite movies and shows in a home theater. With a little help, your theater setup might make the cold a little more bearable. Here are six must-haves for your home theater.

1. Theater Seating
Comfortable leather recliners with cushy armrests are a staple of any home theater. The amount of seats is reliant on the size of your space; viewers shouldn’t feel too cramped. Also, the distance you place them from your screen depends on the screen’s size. An easy way to determine seat distance is to take the horizontal length of your screen and multiply it by two to get the minimum distance. Multiply it by five to get the maximum distance. For example: A 60-inch screen would have a minimum distance of 120 inches, or ten feet, and a maximum distance of 300 inches, or 25 feet.

2. Video Projector
Installing a quality video projector can ensure that you and your viewers enjoy the best picture possible. Pay attention to the projector’s throw distance, or the distance at which it should be placed away from your screen. Also, consider how far down you should hang your projector and at what angle to tilt it. Most projectors have vertical lens shift, which allows you to adjust the projection regardless of how you mount your projector. For those that don’t, hang your projector with an extension pipe so that you can adjust the hanging distance to perfect the projected image.

3. Projector Screen and Lighting
For screen placement, pick a wall where light does not fall on it directly. You can even paint your walls a dark color to avoid glare. Mount the screen on your wall so the bottom is between two or three feet off the ground. This helps every seat in your theater achieve the perfect view. Try adding dimmable overhead lights to add an authentic cinema feeling.

4. Surround Sound
The most common speaker system for home theaters is 5.1 surround sound. This six-speaker system is comprised of five full-range speakers and one low-range speaker known as the woofer. The ideal setup for 5.1 surround sound is three speakers and the woofer toward the front of the room, with the remaining two on either side of the back end of the room. Place each speaker at least 20 inches from the wall. If six speakers seem excessive, try a simple three speaker setup with a speaker in front of your screen and two others to the left and right.

5. Sound Paneling and Acoustics
Rectangular windowless rooms generally have better acoustics than square ones, but you might not be able to remodel just for your home theater. Sound absorption panels to prevent echoes, although standard dry wall paneling is usually adequate acoustic material for home theaters. Installing carpeting may also improve the acoustics of your in-home theater and add a level of comfort for viewers.

6. Mini Fridge
Keep a small refrigerator in your home theater and stock it with refreshments that are easily accessible. After all, you won’t have to stand in line and worry about missing your movie when you’re home! You may also want to stock old movie favorites like popcorn and candy in a non-refrigerated unit in the theater. Just don’t eat too loudly during the movie.

With these home theater features, being snowed in this winter might not seem so bad!

The post 6 Essentials for an In-Home Movie Theater first appeared on Century 21®.

Source: century21.com