An estate consists of all the property you own or control. There are two kinds of property – the real property and personal property. Real property is the real estate itself and everything attached to it, like company which you own and your house with the barn. Personal property is everything else – automobiles, the [...]
What is a budget? It is a plan on how you are going to spend your money before you get the money. Everyone should have a plan for your money. If you don’t, your money will soon be gone with nothing to show for it. What is the easiest way to create a budget? 1. [...]
One of the great mysteries of personal finance is: How are social security retirement benefits calculated? The computation itself is something of a mystery. It’s so complex that I’m not sure who could have dreamed it up. I am sure that most in Congress don’t understand it. In this article we’ll take an abbreviated look [...]
An annual credit report contains information regarding your loans and repayment history. It also contains information about your employment and registered residential address. Any names that you have used in the past will be included in this annual credit report, as well as any loans you applied for and been denied. Most importantly, your annual [...]
We are all guilty of putting off making time to plan our financial future. It is hard, that is why, particularly finding the discipline to do it in today is consumer culture. However, you cannot underestimate the importance of financial planning. Everyone retires eventually, and there’s also retrenchment, redundancy, and accidents happen. Planning your finances [...]
What were you taught about money as you were growing up? Something like “money doesn’t grow on trees”, or “money is the root of all evil”, or maybe “all rich people are greedy”? Well, how do you expect to become a success financially if you believe these things? First of all, believing that “money doesn’t [...]
If you’re considering a pension transfer, then these tips could help you in the transfer process. 1.Find an Independent Pensions Transfer Advisor Pensions law and regulation is so complex and changes so rapidly, that you really do need good advice when it comes to transferring your pension. An independent advisor isn’t tied to any particular [...]
When are checks potentially loans and not benefits? Why, when you have “excess earnings” of course. In today’s economy, many senior citizens still work during their “retirement” either because they want to or, all too often, because they must to make ends meet. Retirees who want to work as well as collect retirement benefits must [...]
Inflation is defined as: “A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.” To simplify matters a bit, it means the government has been deliberately debasing the value [...]
The most important criteria in picking pensions or investments to deposit your funds in, is their performance. Many investors are disappointed in their pensions and investments performance, as the majority of fund mangers cannot even beat the index! In recent years, this has led to a huge growth in index tracker funds. Pensions and Investments [...]