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Why Android Development is the Right Career Choice?

Android is the dominant mobile OS (Operating System) in India, with more than 94% market share. It is driven by a surge in smartphone and tablet users that leads the companies to build more feature-rich applications for their target audience.

If you want to pursue a career in Android development, read on, as here is an overview of the Android ecosystem along with the opportunities and future scope of mobile app development.

What Does an Android Developer Do?

Android developers perform a variety of tasks. From designing & building advanced applications to troubleshooting & fixing issues in the new and existing apps, their job role comprises of many such responsibilities.

For a smooth workflow, developers get proficiency in working with various tools & IDEs. It includes:

Android Software Development Kit (SDK)
Android Studio by Google (official IDE to develop apps)
IDEs such as NetBeans, Eclipse, and more
Delphi, CoronaSDK, Basic4Android, and other third-party tools
Programming languages like Java, Kotlin, C/C++, and more

Why Android Development as a Career is the Right Choice

Android is leading not only the Indian market but also the global mobile OS market, as above 72% of smartphones run on the Android operating system worldwide today.

Below are some of the potential advantages of choosing the profession in this field:

1. Open-Source

Android SDK is free to download and contains no licensing fees. Also, developers can use the source code available through the community platform for developing robust applications.

2. Developer Friendly

Android apps are highly adaptive and can have a plethora of options to customize UI/UX. It enables developers to create proposed apps for businesses while meeting deadlines and budgets.

3. Versatile Platform

Apart from smartphones, supported devices such as wearables, televisions, and more can run on the Android OS. That means apps are not limited to be developed for mobile users only, and a bright scope of penetrating other markets is present.
Android Helps Businesses to Grow Exponentially

Many smartphone brands across the globe have gained immense popularity after adopting Android as the mobile operating system.
For instance, soon after the launch of the first Android phone in 2009, Samsung generated huge revenues compared to other mobile giants, including Nokia, BlackBerry, and more.

Some of the main reasons behind the success of Android-powered businesses are:

Low investment & high ROI
Multiple sales channels
Intuitive user interface
Easy adoption, and more

Therefore, many brands are turning to build & launch Android-based smartphones in the market.

Job Opportunities for Android Developers

India is a huge IT hub for globally renowned companies. It includes Google, Facebook, Uber, and more. They continuously assess & select expert professionals for their various app development projects.

Besides, the magnified demand for mobile apps has led organizations to hire more and more developers to meet the requirement. Each app introduced on the Play Store gives stiff competition to others, which creates enormous opportunities for developers to implement their creative ideas in the app features.

Android developers can get handsome pay as well. According to Glassdoor, the average salary of an Android developer is ¹4.5L per annum in India as of April 2020. With the required talent and expertise, they can earn even higher income from diverse organizations.

Future Scope of Android Development

To conclude, the IT industry has offered a good career potential in Android development. And, it is likely to remain a favorable job profile for the mobile app developers for many years to come.

If you want to enhance the knowledge and skills for building efficient apps, you can join an Android app development course. It can help understand the technical know-how to address real-world industry challenges.

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Will my employer know if I take a 401k loan?

Yes, your employer will know if you take a 401(k) loan because they are usually involved in the administration of the loan process. When you take a loan from your 401(k) account.

What happens if I lose my job and I have a 401k loan?
If you have a 401(k) loan and you lose your job or leave your employer for any reason, there are several potential outcomes and considerations to be aware of:

Loan Repayment Deadline:
Typically, when you leave your job, the 401(k) loan becomes due immediately or within a short period, usually 60 to 90 days. The specific timeframe may vary depending on your plan’s rules and the terms of the loan. It’s crucial to check with your plan administrator to understand the repayment deadline.

Repayment Options:
If you can repay the loan balance by the deadline, you can do so to avoid any adverse tax consequences. You may need to contact your plan administrator or follow their instructions for repayment.

If you cannot repay the loan in full by the deadline, the outstanding loan balance may be treated as a distribution. This means it becomes taxable income, subject to federal and state income taxes. Additionally, if you are under the age of 59½, you may be subject to a 10% early withdrawal penalty.

Taxes and Penalties:
If the loan amount becomes taxable income, you’ll receive a Form 1099-R from your former employer or plan administrator, indicating the distribution. You’ll need to report this income on your tax return.

You may also be required to pay the 10% early withdrawal penalty if you’re under 59½ unless you meet an exception, such as being disabled or using the funds for certain qualified medical expenses.

Impact on Retirement Savings:
Losing a job and having a 401(k) loan treated as a distribution can significantly impact your retirement savings, as the distributed funds are no longer invested in your retirement account.

Consider Future Contributions:
If you find new employment, you may have the option to roll over the distributed funds into a new employer’s retirement plan or into an Individual Retirement Account (IRA) within 60 days to avoid immediate taxation and penalties. However, this depends on the rules of your new employer’s plan and IRS regulations.

Can you take a 401k loan from a previous employer?
You generally cannot take a 401(k) loan from a previous employer’s retirement plan if you are no longer employed by that company. Once you leave an employer, you typically lose the ability to take out a new loan from their 401(k) plan.

Who keeps track of 401k?

Several parties are involved in keeping track of your 401(k) account:

You, the Account Holder:
As the 401(k) account holder, you are responsible for keeping track of your contributions, investment choices, and overall account activity. You should receive regular statements and updates from your plan administrator or financial institution.

Plan Administrator:
Your employer typically selects a plan administrator to oversee the 401(k) plan. The plan administrator is responsible for managing the plan’s day-to-day operations, including processing contributions, investments, and distributions. They provide account statements, information about investment options, and other plan-related communications to participants.

Custodian or Financial Institution:
The assets within your 401(k) account are held and managed by a custodian or financial institution. They are responsible for executing investment transactions, maintaining records of your investments, and providing you with account statements.

Investment Providers:
Within your 401(k) plan, you have the option to choose from various investment options, such as mutual funds, index funds, or other investment vehicles. These investment providers manage the underlying investments you select and provide information on fund performance and options.

Government Agencies:
Regulatory bodies, such as the U.S. Department of Labor (DOL) and the Internal Revenue Service (IRS) in the United States, oversee and regulate 401(k) plans. They set rules and guidelines to ensure compliance with tax and retirement plan regulations.

Third-Party Administrators (TPAs):
Some employers use third-party administrators to help manage the administrative tasks of their 401(k) plans. TPAs may assist with record-keeping, compliance testing, and other administrative functions.

How long does it take for employer to approve 401k loan?
The processing time for the approval of a 401(k) loan can vary depending on your employer’s plan and the administrative procedures they have in place. In many cases, the approval process for a 401(k) loan can take anywhere from a few days to a few weeks. Here is a general overview of the typical timeline:

Application Submission: You will need to submit a loan application to your employer’s HR department or plan administrator. This application may include details such as the loan amount, purpose of the loan, and repayment terms.

Review and Verification: Your employer or plan administrator will review your loan application to ensure it complies with the plan’s rules and IRS regulations. They may also verify your account balance and employment status.

Approval: Once your application is reviewed and approved, your employer will typically provide you with loan documents specifying the terms and conditions of the loan, including the interest rate and repayment schedule.

Loan Disbursement: After you’ve signed the loan documents, the plan administrator will initiate the disbursement of the loan funds to you. This process can take a few days.

How soon can i take out a 401k loan after paying one off?
The rules regarding how soon you can take out a new 401(k) loan after paying off an existing one can vary depending on your employer’s plan. The Internal Revenue Service (IRS) doesn’t specify a waiting period for taking out a new 401(k) loan, but your employer’s plan may have its own policies and restrictions. Here are some factors to consider:

Plan Rules: Check with your employer or plan administrator to understand the specific rules of your 401(k) plan. Some plans may allow you to take out a new loan immediately after paying off an existing one, while others may have waiting periods.

Number of Loans: Some plans restrict the number of loans you can have outstanding at any given time. You may need to pay off your existing loan before you can take out a new one, regardless of the waiting period.

Repayment Period: If you’ve recently paid off a 401(k) loan, the plan may require you to wait a certain period before you can take out a new loan. This waiting period can vary from plan to plan and may range from a few days to several months.

Loan Amount: Plans often have rules about the maximum loan amount you can have outstanding at any time. If you’ve paid off a loan but still have a significant outstanding balance due to the plan’s limits, you may need to wait until your account balance increases before taking out a new loan.

Loan Purpose: The purpose of the loan may also affect your ability to take out a new one. Some plans may restrict loans for specific purposes or may have different rules for different types of loans.

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How Ionic Framework Is The Best Choice For Hybrid App Development?

Using the Ionic framework for hybrid app development is the first choice of many developers. Since its release in 2013, more than a million hybrid applications have been built with the help of Ionic framework. Today, because of this trend, a number of Ionic app development companies have emerged.

The dominance of mobile apps is well-understood by companies and they are discovering a number of ways to provide their customers the convenience of using their products/services and also approaching them effectively. However, the important decision for these companies is to choose the best app development framework to build their apps. Majority of Ionic development service providers suggest choosing the Ionic framework. Thus, it is important to have an understanding of Ionic app development framework before jumping straight to the topic.

What is Ionic App Development Framework?

An HTML5 SDK, Ionic has been created to be the foundation for hybrid mobile apps development. The Ionic framework is developed from a combination of Apache Cordova (ex-Phonegap), AngularJS, and SASS. The allows for the development of feature-rich mobile applications that exclusively make use of web technologies. The very first version of Ionic was built on top of Apache Cordova and AngularJS. The present version is using Angular. Ionic also provides support for PWA which works independent of platform on each drive. This makes Ionic stronger day by day.

This was all about the overview of Ionic framework which will help you to understand other things related to Ionic. So, let’s come to our main topic:

Reasons For Ionic Application Development Framework To Be The Best Choice

Ionic saves a lot of time and resources for businesses while creating cross-platform apps that represent most of the advantages of native alternatives. This is accomplished by platform adaptation being so convenient. Sometimes, using Ionic framework makes it possible to release one application for both iOS and Android with the same resources. Now, one can imagine how much beneficial Ionic can be for a business. Apart from the business benefits, it is absolutely worth discussing the benefits of an Ionic framework from the Ionic developers point of view.

Ionic is Open-Source and Completely Free
The one great thing about Ionic is that it is completely free and open source. When robust frameworks such as Ionic are provided entirely free of charge, it intensifies the playing field and enables almost anybody to build things that can modify their lives as well as that of others.

Popular web technologies are used in Ionic app development
Even the developers having quite less experience would be expected to have at least a basic knowledge of them.This makes their mastering of the Ionic framework a lot simpler.

Ionic has an attractive default UI that is easily customizable
There are various other good frameworks as well like that of Ionic, but they do not have explicit UI for easy customization. The default styles provided by Ionic are quite simple and smooth, and one can easily customize them by adding one of the pre-defined CSS classes to the element.

Ionic provides an array of Tools & Services
The wide range of tools and services provided by Ionic make it much amazing to use the framework. One can also replace blank with tabs or side menu to produce an application having those features built in already. One can also provide a link to a particular project on CodePen to include that as a template.
Wrapping Up:

All the above mentioned benefits make Ionic the perfect choice for hybrid app development. If you are looking to hire Ionic application developers, then you can connect with us via email.

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