7 Essential Ingredients for Your Best Financial Recipe
Do you know the essential ingredients to create your well thought out financial plan? Learn the seven critical steps all financial plans require, and don’t make the same mistake my mother did.Will You Transition The Legacy You Intended To Transition?
When we die, we are going to pass to our loved ones a lasting legacy of who we are. Does your estate plan intentionally pass the legacy you have planned for? We can leave a legacy of angst and frustration, or one of information and understanding. Which one will your’s be?Write It Down As If Your Life Depended On It
Information is critical, especially when one is unable to convey it himself. By writing down your wishes, not only are you protecting your legacy, but you are giving peace to your family.My Solution For People’s Spending And Views On Negative Interest Rate Alternatives
Never Have Negative Interest Rates. Economic activity is not dependent on the decision of interest rate. The above statement has to be understood deeply by all the people across the world Economic activity is dependent on three dilute principlesHow to Protect Your Retirement Accounts
A new move by President Donald Trump which delays and reconsiders the Department of Labor’s fiduciary rule, scheduled to go into effect in April, may mean higher costs for individual investors and retirement plans, especially 401(k)s offered by small businesses. Fortunately, the threat of the regulation had already started to change the way financial institutions do business. Some firms have moved away from their higher-cost products and toward making their fees easier to explain to clients.How To Manage Personal Finances
Usually managing personal finances for many people is a very difficult and stressful thing and it leads many into deeper debts. One needs to understand his or her finances better. Know how to get and make money, how to prudently spend it and how to invest and save it better.5 Common Retirement Planning Mistakes And How To Avoid Them
At some point, each of us will wonder when we will be able to stop working. If we are smart and begin our retirement planning early and strategically, that day may come sooner than we would initially expect. Unfortunately, too many people commit major mistakes when it comes to planning for the future. Young folks are particularly short-sighted when it comes to setting money aside for the years down the road. There are a few common mistakes that serve as a good warning. Take a look at the following financial what-not-to-dos:How to Pay Off Your Home Loan Sooner
Are you looking for ways to save on your home loan? Following these simple tips will put you on the path to paying off your loan sooner or if your goal is to purchase an investment property, creating equity from which you can draw on.Federal Employees, Are You Financially Ready to Retire?
As a Federal Employee it is critical to know where you stand with your retirement. Do you know when you can retire, what age and years service you need to retire with full benefits? Do you know how to best position you Benefits? Are you contributing to much to your TSP? Are you paying to much into FEGLI? Have you compared your Retirement income to your current income?Planning Considerations for Those Close to Retirement
For those that are a few years away from retirement, the planning objectives start to shift away from accumulation and growth to income planning and capital preservation. There is simply not a “one size fits all” approach mainly because each set of facts and circumstances is different. For example – those that are bringing debt into retirement must consider ways to pay down that debt prior to retirement. Those that are planning to work part-time must consider the tax implications of their earnings and strategize the most efficient way to take social security benefits.The Main Advantages of Online Rent Collection
It Is Safer The Federal Trade Commission reveals that about 9 million people will be victimized by identity theft each year – that is about 18 people per minute. When the fraud takes place, the FTC estimates that it would take $500 and half an hour for an average victim to resolve each case of identity theft. Except if your tenant personally hands over the check on a monthly basis, the fastest way to fall prey to these types of crimes is by getting a rent check.Advantages of Collecting Rent Online
Due to very fast Wi-Fi and mobile apps available these days, people can go online to pay their bills and schedule their appointments. Renters also use such technology to pay on time and manage their funds. Handling payments from wherever you are (with no annoying paper checks) is the new standard.How To Turn Your Negative Cash Statement Into A Positive Cash Statement
Speaking of cash statements – it is not an impossible task to turn it from negative to positive. There are few tips that you always need to keep in mind to control your cash flow. One of the most important things is to cut down all your unwanted expenses.Are Your Finances Ready for Fun?
While the best things in life are free, as the saying goes, some of life’s great experiences do have a price tag. If you’re considering fulfilling your childhood dream of hiking the Appalachian Trail or you’re offered tickets to see your favorite team play in the championship game, you know these experiences can be costly. Yet these opportunities can be within financial reach if you have a plan and sufficient funds set aside.Later Life Mortgages
Later Life Mortgages (Equity Release) – allow older people, who otherwise would not be able to release equity – cash – from their homes, generally by way of a mortgage/remortgage, for whatever reason, to do so. Many (but by no means all) reasons for releasing cash from your property are listed below. The Equity Release market is growing massively as people realise that they may as well be enjoying the growth on the value of their properties, rather than leave all the equity tied up until the last partner passes away especially if they have no close relatives to leave it to – even if they do have relatives people are deciding more and more to enjoy the fruits of their labour – while they can.