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| IN TIME OF ECONOMIC UNCERTAINTY, Money Crisis: United States FINANCIAL SYSTEM IN TROUBLE, BAIL-OUT PACKAGE. Americans React... Real people across the country answer the question: what are you doing with your money in the wake of the financial crisis? NO PANIC, NO EMOTION, NO WRONG DECISION! READ BELOW----- HERE ARE THE SAFEST PLACES WHERE YOU CAN PUT YOUR MONEY AND HAVE PEACE OF MIND. READ BELOW! LEARN MORE... ! |
YOUR MONEY CAN BE IN, AND BE SAFE AT:
FDIC Deposit Insurance Coverage
The Federal Deposit Insurance Corporation (FDIC) is an independent
agency of the United States government that protects against the loss
of insured deposits if an FDIC-insured bank or savings association fails.
FDIC deposit insurance is backed by the full faith and credit of the
United States government. Since the FDIC was established, no
depositor has ever lost a single penny of FDIC-insured funds.
FDIC insurance covers funds in deposit accounts, including checking
and savings accounts, money market deposit accounts and
certificates of deposit (CDs). FDIC insurance does not, however, cover
other financial products and services that insured banks may offer,
such as stocks, bonds, mutual fund shares, life insurance policies,
annuities or municipal securities.
There is no need for depositors to apply for FDIC insurance or even to
request it. Coverage is automatic.
To ensure funds are fully protected, depositors should understand
their deposit insurance coverage limits. The FDIC provides separate
insurance coverage for deposits held in different ownership categories
such as single accounts, joint accounts, Individual Retirement
Accounts (IRAs) and trust accounts.
Basic FDIC Deposit Insurance Coverage Limits*
Single Accounts (owned by one person) $250,000 per owner**
Joint Accounts (two or more persons) $250,000 per co-owner**
IRAs and certain other retirement accounts $250,000 per owner
Trust Accounts $250,000 per owner per beneficiary subject to
specific limitations and requirements**
These deposit insurance coverage limits refer to the
total of all deposits that an accountholder (or
accountholders) has at each FDIC-insured bank. The
listing above shows only the most common ownership
categories that apply to individual and family deposits,
and assumes that all FDIC requirements are met.
** The legislation authorizing the increase in deposit
insurance coverage limits makes the change effective
October 3, 2008, through December 31, 2009.
FDIC Deposit Insurance Coverage
The Federal Deposit Insurance Corporation (FDIC) is an independent
agency of the United States government that protects against the loss
of insured deposits if an FDIC-insured bank or savings association fails.
FDIC deposit insurance is backed by the full faith and credit of the
United States government. Since the FDIC was established, no
depositor has ever lost a single penny of FDIC-insured funds.
FDIC insurance covers funds in deposit accounts, including checking
and savings accounts, money market deposit accounts and
certificates of deposit (CDs). FDIC insurance does not, however, cover
other financial products and services that insured banks may offer,
such as stocks, bonds, mutual fund shares, life insurance policies,
annuities or municipal securities.
There is no need for depositors to apply for FDIC insurance or even to
request it. Coverage is automatic.
To ensure funds are fully protected, depositors should understand
their deposit insurance coverage limits. The FDIC provides separate
insurance coverage for deposits held in different ownership categories
such as single accounts, joint accounts, Individual Retirement
Accounts (IRAs) and trust accounts.
Basic FDIC Deposit Insurance Coverage Limits*
Single Accounts (owned by one person) $250,000 per owner**
Joint Accounts (two or more persons) $250,000 per co-owner**
IRAs and certain other retirement accounts $250,000 per owner
Trust Accounts $250,000 per owner per beneficiary subject to
specific limitations and requirements**
These deposit insurance coverage limits refer to the
total of all deposits that an accountholder (or
accountholders) has at each FDIC-insured bank. The
listing above shows only the most common ownership
categories that apply to individual and family deposits,
and assumes that all FDIC requirements are met.
** The legislation authorizing the increase in deposit
insurance coverage limits makes the change effective
October 3, 2008, through December 31, 2009.
How do money market accounts work?
A money market account is a type of savings account offered by banks and
credit unions just like regular savings accounts.
The difference is that they usually pay higher interest, have higher minimum
balance requirements (sometimes $1000-$2500), and only allow three to six
withdrawals per month. Another difference is that, similar to a checking
account, many money market accounts will let you write up to three checks
each month.
YOUR MONEY CAN BE IN, AND BE SAFE AT:
Money Market Account Interest
When you put your money into a money market savings account it earns interest
just like in a regular savings account. Interest is money the bank pays you so
that they can use your money to fund loans to other people. That doesn't mean
you can't have your money whenever you want it, though. That's just how banks
make money -- by selling money! Basically, it works like this:
You open a money market account at the bank.
The bank pays you interest on the money that you deposit and leave in that
account.
The bank then loans that money out to other people, only they charge a slightly
higher interest for the loan than what they pay you for your account.
The difference in interest they pay you verses the interest they charge others is
part of how they stay in business. We'll take a look at how the interest on money
market accounts works in the next section.
Interest on money market accounts is usually compounded daily and paid
monthly. The cool thing about compounded interest is that the bank is paying you
interest on the money they've paid you in interest.
Interest rates paid by money market accounts can vary quite a bit from bank to
bank. That's because some banks are trying harder to get people to open an
account with them than others -- so they offer higher rates.
Operational Details of Money Market Mutual Funds!
How Do I Buy Bonds?
How the Federal Deposit Insurance Corporation Works?
What's the difference between a recession and a
depression?
Bond Basics: Different Types Of Bonds
A money market account is a type of savings account offered by banks and
credit unions just like regular savings accounts.
The difference is that they usually pay higher interest, have higher minimum
balance requirements (sometimes $1000-$2500), and only allow three to six
withdrawals per month. Another difference is that, similar to a checking
account, many money market accounts will let you write up to three checks
each month.
YOUR MONEY CAN BE IN, AND BE SAFE AT:
Money Market Account Interest
When you put your money into a money market savings account it earns interest
just like in a regular savings account. Interest is money the bank pays you so
that they can use your money to fund loans to other people. That doesn't mean
you can't have your money whenever you want it, though. That's just how banks
make money -- by selling money! Basically, it works like this:
You open a money market account at the bank.
The bank pays you interest on the money that you deposit and leave in that
account.
The bank then loans that money out to other people, only they charge a slightly
higher interest for the loan than what they pay you for your account.
The difference in interest they pay you verses the interest they charge others is
part of how they stay in business. We'll take a look at how the interest on money
market accounts works in the next section.
Interest on money market accounts is usually compounded daily and paid
monthly. The cool thing about compounded interest is that the bank is paying you
interest on the money they've paid you in interest.
Interest rates paid by money market accounts can vary quite a bit from bank to
bank. That's because some banks are trying harder to get people to open an
account with them than others -- so they offer higher rates.
Operational Details of Money Market Mutual Funds!
How Do I Buy Bonds?
How the Federal Deposit Insurance Corporation Works?
What's the difference between a recession and a
depression?
Bond Basics: Different Types Of Bonds
YOUR MONEY CAN BE IN...
INSURED CREDIT UNION
Congress established the NCUSIF in 1970 to insure member share
accounts at all federally chartered credit unions and most state
chartered credit unions. NCUSIF insurance is similar to the deposit
insurance protection offered by the Federal Deposit Insurance
Corporation (FDIC). The NCUSIF is managed by NCUA under the
direction of the three-person NCUA Board appointed by the
President of the United States.
The National Credit Union Administration (NCUA) is an independent
agency of the United States Government. NCUA regulates, charters,
and insures the nation's federal credit unions. In addition, NCUA
insures state-chartered credit unions that desire and qualify for
federal insurance. In some states, state-chartered credit unions are
required by state law to be federally insured
How does NCUSIF share insurance protect credit union members
against loss?
Each credit union approved for NCUSIF share insurance must meet
high standards of safety and soundness in its operation. Adherence
to these standards is determined regularly through credit union
examinations by federal and state examiners. If an insured credit
union gets into financial difficulties and must be closed, the NCUSIF
acts immediately to protect each member’s share account.
INSURED CREDIT UNION
Congress established the NCUSIF in 1970 to insure member share
accounts at all federally chartered credit unions and most state
chartered credit unions. NCUSIF insurance is similar to the deposit
insurance protection offered by the Federal Deposit Insurance
Corporation (FDIC). The NCUSIF is managed by NCUA under the
direction of the three-person NCUA Board appointed by the
President of the United States.
The National Credit Union Administration (NCUA) is an independent
agency of the United States Government. NCUA regulates, charters,
and insures the nation's federal credit unions. In addition, NCUA
insures state-chartered credit unions that desire and qualify for
federal insurance. In some states, state-chartered credit unions are
required by state law to be federally insured
How does NCUSIF share insurance protect credit union members
against loss?
Each credit union approved for NCUSIF share insurance must meet
high standards of safety and soundness in its operation. Adherence
to these standards is determined regularly through credit union
examinations by federal and state examiners. If an insured credit
union gets into financial difficulties and must be closed, the NCUSIF
acts immediately to protect each member’s share account.
YOUR MONEY CAN IN...
Treasury Bill - T-Bill
A short-term debt obligation backed by the U.S. government with a
maturity of less than one year. T-bills are sold in denominations of
$1,000 up to a maximum purchase of $5 million and commonly
have maturities of one month (four weeks), three months (13
weeks) or six months (26 weeks).
T-bills are issued through a competitive bidding process at a
discount from par, which means that rather than paying fixed
interest payments like conventional bonds, the appreciation of the
bond provides the return to the holder. For example, let's say you
buy a 13-week T-bill priced at $9,800.
Essentially, the U.S. government (and its nearly bulletproof credit
rating) writes you an IOU for $10,000 that it agrees to pay back in
three months. You will not receive regular payments as you would
with a coupon bond, for example. Instead, the appreciation - and,
therefore, the value to you - comes from the difference between
the discounted value you originally paid and the amount you
receive back ($10,000). In this case, the T-bill pays a 2.04% interest
rate ($200/$9,800 = 2.04%) over a three-month period.
Treasury Bill - T-Bill
A short-term debt obligation backed by the U.S. government with a
maturity of less than one year. T-bills are sold in denominations of
$1,000 up to a maximum purchase of $5 million and commonly
have maturities of one month (four weeks), three months (13
weeks) or six months (26 weeks).
T-bills are issued through a competitive bidding process at a
discount from par, which means that rather than paying fixed
interest payments like conventional bonds, the appreciation of the
bond provides the return to the holder. For example, let's say you
buy a 13-week T-bill priced at $9,800.
Essentially, the U.S. government (and its nearly bulletproof credit
rating) writes you an IOU for $10,000 that it agrees to pay back in
three months. You will not receive regular payments as you would
with a coupon bond, for example. Instead, the appreciation - and,
therefore, the value to you - comes from the difference between
the discounted value you originally paid and the amount you
receive back ($10,000). In this case, the T-bill pays a 2.04% interest
rate ($200/$9,800 = 2.04%) over a three-month period.
| YOUR MONEY CAN BE IN... Treasury Bond - T-Bond A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest payments semi-annually and the income that holders receive is only taxed at the federal level. Treasury bonds are issued with a minimum denomination of $1,000. The bonds are initially sold through auction in which the maximum purchase amount is $5 million if the bid is non- competitive or 35% of the offering if the bid is competitive. A competitive bid states the rate that the bidder is willing to accept; it will be accepted depending on how it compares to the set rate of the bond. A non-competitive bid ensures that the bidder will get the bond but he or she will have to accept the set rate. After the auction, the bonds can be sold in the secondary market. Knowledge Financial Group.Blogspot.com Facebook.com/knowledgefinancialgroup Twitter.com/financialschool |
YOUR MONEY CAN BE IN...
Treasury note
Treasury notes (or T-Notes) mature in two to ten years. They have a coupon
payment every six months, and are commonly issued with maturities dates
of 2, 5 or 10 years, for denominations from $100 to $1,000,000.
T-Notes and T-Bonds are quoted on the secondary market at percentage of
par in thirty-seconds of a point. Thus, for example, a quote of 95:07 on a note
indicates that it is trading at a discount: $952.19 (i.e. 95 7/32%) for a $1,000
bond. (Several different notations may be used for bond price quotes. The
example of 95 and 7/32 points may be written as 95:07, or 95-07, or 95'07, or
decimalized as 95.21875.) Other notation includes a +, which indicates 1/64
points and a third digit may be specified to represent 1/256 points. Examples
include 95:07+ which equates to (95 + 7/32 + 1/64) and 95:073 which equates
to (95 + 7/32 + 3/256). Notation such as 95:073+ is unusual and not typically
used.
The 10-year Treasury note has become the security most frequently quoted
when discussing the performance of the U.S. government-bond market and
is used to convey the market's take on longer-term macroeconomic
expectations.
Treasury note
Treasury notes (or T-Notes) mature in two to ten years. They have a coupon
payment every six months, and are commonly issued with maturities dates
of 2, 5 or 10 years, for denominations from $100 to $1,000,000.
T-Notes and T-Bonds are quoted on the secondary market at percentage of
par in thirty-seconds of a point. Thus, for example, a quote of 95:07 on a note
indicates that it is trading at a discount: $952.19 (i.e. 95 7/32%) for a $1,000
bond. (Several different notations may be used for bond price quotes. The
example of 95 and 7/32 points may be written as 95:07, or 95-07, or 95'07, or
decimalized as 95.21875.) Other notation includes a +, which indicates 1/64
points and a third digit may be specified to represent 1/256 points. Examples
include 95:07+ which equates to (95 + 7/32 + 1/64) and 95:073 which equates
to (95 + 7/32 + 3/256). Notation such as 95:073+ is unusual and not typically
used.
The 10-year Treasury note has become the security most frequently quoted
when discussing the performance of the U.S. government-bond market and
is used to convey the market's take on longer-term macroeconomic
expectations.
Operational Details of Money Market Mutual Funds!
How Do I Buy Bonds?
How the Federal Deposit Insurance Corporation
Works?
What's the difference between a recession and a
depression?
Bond Basics: Different Types Of Bonds
How Do I Buy Bonds?
How the Federal Deposit Insurance Corporation
Works?
What's the difference between a recession and a
depression?
Bond Basics: Different Types Of Bonds
FINANCIAL FREEDOM: A SMARTEST WAY TO PREPARE A BETTER FUTURE. YOUR PATH TO WEALTH STARTS RIGHT NOW. It's a fact: today, anyone can become a millionaire – In the history of the world, there has never been a better time to create wealth than right here, right now in real estate. THE 16 DAYS THAT SHOOCK THE US ECONOMY IN SEPTEMBER, 2008. AMERICA’S MONEY CRISIS / Bailout 101: What new law says. What it is about? What's included in it? Here's a rundown of key provisions of the financial rescue plan that United State Senate voted, Wednesday October 1; and the house voted Friday October 3, 2008. SMALL BUSINESS, METHODS, TECHNIQUES, AND STRATEGIES. Business structures 101 LLP, LLC, S-corp and C-corp: It's not just alphabet soup! A breakdown of what you need to know, in layman's terms. SOCIAL SECURITY; THE ULTIMATE RETIREMENT GUIDE. HOW DOES SOCIAL SECURITY WORK? |
Operational Details of
Money Market Mutual
Funds! How Do I Buy
Bonds?
How the Federal
Deposit Insurance
Corporation Works?
What's the difference
between a recession
and a depression?
Bond Basics: Different
Types Of Bonds
Money Market Mutual
Funds! How Do I Buy
Bonds?
How the Federal
Deposit Insurance
Corporation Works?
What's the difference
between a recession
and a depression?
Bond Basics: Different
Types Of Bonds
 | |  | |  | |  | |  | |  | |  | |  |
Custom Search
The 7 New Rules of Financial
Security
In a world turned upside down, you must re-examine some basic
assumptions. A good place to start: understanding the true nature of risk.
Rule No. 1: Risk
Old thinking: If you can stomach the ups and downs that come with risk,
you'll be rewarded.
New rule: Risk isn't about your stomach. It's about making or missing an
important goal.
You know you have to consider risk. But what is risk? Many of us have
learned to think of risk as synonymous with volatility. For years, what came
down reliably bounced back even higher. You could easily conclude that
risk tolerance was just a matter of taste. As long as you had the fortitude to
see the occasional loss on your 401(k) statement and not panic, you would
capture superior returns over time.
What to do: You shouldn't run from risky investments just because they lost
money - that train has left the station. But the old buy-on-the-dips advice isn't
quite right either. This bear market's lesson is that how much risk you can
take is a matter of how much you can lose and still meet your basic goals.
That may mean scaling back on stocks, even if you miss some of the next
market rebound.
Rule No. 2: Cash
Old thinking: Keep enough money in ultrasafe accounts to cover life's
emergencies, but no more.
New rule: Relying more on cash can rescue you in an "asset emergency."
For most of your career you'll want to set aside about six months' worth of
living expenses in the bank. That money covers the mortgage and puts food
on the table should you lose your job. The fact that you'll earn only about 2%
is beside the point. You can't take the risk.
The simultaneous crash in stocks and houses has taught us that we need to
redefine "emergency."Rande Spiegelman, vice president of financial
planning for the Schwab Center for Financial Research, recommends
looking at the next one to three years and adding up any big-ticket stuff you
see coming: tuition, a wedding, a down payment on a house. Once you
have your total, aim to hold that much in a cash account or a low-risk
investment such as a high-quality short-term bond fund.
What to do: It's not easy to build cash savings and a retirement fund at the
same time. If you have to make choices, build up that emergency fund first
because you can't expect to lean on your home equity or stocks if you lose
your job. And see if you have some flexibility on the big-ticket obligations.
Maybe you plan for a state school rather than a private college, or downsize
the wedding. If all your assets are in a 401(k), move some of that balance to
low-risk investment options as you build your cash funds. That will
preserve more to tap via a 401(k) loan in a pinch. Not a terrific option, but it
can beat the alternatives.
In the years just before and after retirement, cash becomes even more
important. You don't want to sell stocks during a bear market to buy
groceries. Aim for two to four years' worth of living expenses in low-risk
assets as you near retirement.
Rule No. 3: Human Capital
Old thinking: The longer your time horizon, the more stocks you should own.
New rule: Time isn't everything. You must also consider your earnings
potential.
It's one of the basic rules of thumb: The more years you have to recoup
losses, the more aggressive you can be. Unfortunately, the math isn't so
clear-cut.
Here's a better way to think about how aggressive your portfolio should be:
Imagine that it includes not only stocks and bonds but also your human
capital, meaning your ability to earn income by working. The safer it is, the
more chances you can afford to take with your other assets - that is, your
portfolio.
This doesn't mean that time no longer matters. As you age, the value of your
human capital declines, and you'll need to secure more of your savings. So
the conventional advice to hold a lot in stocks when you are young and
gradually trim back can still make sense.
But not for everyone. The nature of your career may make your human
capital more bond-like or more stock-like, says finance professor Moshe
Milevsky of York University in Toronto. Tenured professors like Milevsky
have human capital that resembles a triple-A-rated bond, especially when
they have a solid pension plan. Those lucky souls can dive aggressively
into stocks and even stay there as they approach retirement, he says. The
human capital of a commission-based mortgage broker, on the other hand,
is pretty clearly a stock - and it's not a blue chip. That person should own a
fair amount of bonds, even when young.
What to do: Assess your human capital. A typical worker's income is about
70% like a bond and 30% like a stock, says Thomas Idzorek, chief
investment officer for Ibbotson Associates. Use that as your baseline and
then think about how long you'll be working, the stability of your current job,
and your ability to change careers if you have to. You've probably realized
in the past few months that your human capital is not as secure as you once
thought. If you've been an aggressive investor, that alone may be a reason
to shift more of your assets to safer ground.
Security
In a world turned upside down, you must re-examine some basic
assumptions. A good place to start: understanding the true nature of risk.
Rule No. 1: Risk
Old thinking: If you can stomach the ups and downs that come with risk,
you'll be rewarded.
New rule: Risk isn't about your stomach. It's about making or missing an
important goal.
You know you have to consider risk. But what is risk? Many of us have
learned to think of risk as synonymous with volatility. For years, what came
down reliably bounced back even higher. You could easily conclude that
risk tolerance was just a matter of taste. As long as you had the fortitude to
see the occasional loss on your 401(k) statement and not panic, you would
capture superior returns over time.
What to do: You shouldn't run from risky investments just because they lost
money - that train has left the station. But the old buy-on-the-dips advice isn't
quite right either. This bear market's lesson is that how much risk you can
take is a matter of how much you can lose and still meet your basic goals.
That may mean scaling back on stocks, even if you miss some of the next
market rebound.
Rule No. 2: Cash
Old thinking: Keep enough money in ultrasafe accounts to cover life's
emergencies, but no more.
New rule: Relying more on cash can rescue you in an "asset emergency."
For most of your career you'll want to set aside about six months' worth of
living expenses in the bank. That money covers the mortgage and puts food
on the table should you lose your job. The fact that you'll earn only about 2%
is beside the point. You can't take the risk.
The simultaneous crash in stocks and houses has taught us that we need to
redefine "emergency."Rande Spiegelman, vice president of financial
planning for the Schwab Center for Financial Research, recommends
looking at the next one to three years and adding up any big-ticket stuff you
see coming: tuition, a wedding, a down payment on a house. Once you
have your total, aim to hold that much in a cash account or a low-risk
investment such as a high-quality short-term bond fund.
What to do: It's not easy to build cash savings and a retirement fund at the
same time. If you have to make choices, build up that emergency fund first
because you can't expect to lean on your home equity or stocks if you lose
your job. And see if you have some flexibility on the big-ticket obligations.
Maybe you plan for a state school rather than a private college, or downsize
the wedding. If all your assets are in a 401(k), move some of that balance to
low-risk investment options as you build your cash funds. That will
preserve more to tap via a 401(k) loan in a pinch. Not a terrific option, but it
can beat the alternatives.
In the years just before and after retirement, cash becomes even more
important. You don't want to sell stocks during a bear market to buy
groceries. Aim for two to four years' worth of living expenses in low-risk
assets as you near retirement.
Rule No. 3: Human Capital
Old thinking: The longer your time horizon, the more stocks you should own.
New rule: Time isn't everything. You must also consider your earnings
potential.
It's one of the basic rules of thumb: The more years you have to recoup
losses, the more aggressive you can be. Unfortunately, the math isn't so
clear-cut.
Here's a better way to think about how aggressive your portfolio should be:
Imagine that it includes not only stocks and bonds but also your human
capital, meaning your ability to earn income by working. The safer it is, the
more chances you can afford to take with your other assets - that is, your
portfolio.
This doesn't mean that time no longer matters. As you age, the value of your
human capital declines, and you'll need to secure more of your savings. So
the conventional advice to hold a lot in stocks when you are young and
gradually trim back can still make sense.
But not for everyone. The nature of your career may make your human
capital more bond-like or more stock-like, says finance professor Moshe
Milevsky of York University in Toronto. Tenured professors like Milevsky
have human capital that resembles a triple-A-rated bond, especially when
they have a solid pension plan. Those lucky souls can dive aggressively
into stocks and even stay there as they approach retirement, he says. The
human capital of a commission-based mortgage broker, on the other hand,
is pretty clearly a stock - and it's not a blue chip. That person should own a
fair amount of bonds, even when young.
What to do: Assess your human capital. A typical worker's income is about
70% like a bond and 30% like a stock, says Thomas Idzorek, chief
investment officer for Ibbotson Associates. Use that as your baseline and
then think about how long you'll be working, the stability of your current job,
and your ability to change careers if you have to. You've probably realized
in the past few months that your human capital is not as secure as you once
thought. If you've been an aggressive investor, that alone may be a reason
to shift more of your assets to safer ground.
| MONEY, FINANCE. ECONONY & BUSINESS 6 Ways to Save Money on Vacation May 28, 2008 Even though I knew my vacation to Belize last week wouldn't be cheap, I tried to keep it from getting out of hand with money-saving travel techniques I've developed by trial and error. (Spending a dinner's worth of money on ATM fees isn't the kind of thing you easily forget.) Here are my top six frugal tips that won't interfere with any vacation fun: • Rent. If you're going somewhere for more than a couple of days, look into renting an apartment instead of staying at a hotel. (Websites for specific destinations can be easily found through Internet searches.) When you have a kitchen, you can make breakfast and sometimes lunch and dinner on your own, which easily adds up to over $40 a day. • Buy your own beer. If you like a daily beer or cocktail on vacation, finding a local liquor store and mixing your own drinks can save up to $10 a person each day. • Use comparison websites. Travel sites such as Tripadvisor.com help vacationers find good deals and avoid wasting money on poor-quality hotels and resorts. Users leave helpful descriptions about their experiences along with photos. • Stick with plastic. By charging as much as possible to credit cards (and paying them off when you get the bill), you can avoid hefty international ATM fees, as well as the risk of losing a wad of cash. Credit card statements also make it easy to review all the charges once you get home so you know where your money went. • Bring snacks. By keeping a few granola bars and a refillable water bottle in my backpack, I avoid shelling out money on pricey food at the airport or at kiosks surrounding tourist destinations. (Added benefit: keeping blood sugar high enough to enjoy the sites.) • Ask for deals. Hotels often run specials, especially during off-season. Ask if breakfast or dinner can be included in your room rate. (Asking this question by E-mail when we made one of our bookings for last week got us free dinners and breakfasts for four days.) I'd love to hear everyone else's savvy traveling ideas; please share them below. And check out other bloggers' tips here, here, and here. Knowledge Financial Group.Blogspot.com Facebook.com/knowledgefinancialgroup Twitter.com/financialschool |
TOUGH TIMES AHEAD! ---- KNOWLEDGEFINANCIALGROUP.COM
First and foremost, it’s about your passion and commitment to your
dream. Ask yourself, would you be doing what you are doing if times
were great and there was a myriad of opportunities at your fingertips?
If the answer is yes, then you can truly say that you should continue
on the path you’re on. You truly believe in your dream, and that is
often more than 90% of the battle. Remember: No one said it would be
easy or hard. It’s about your intention.
--------------------------------------------------
Difficult times: ----- KNOWLEDGEFINANCIALGROUP.COM
Difficult times simply mean you have to be even more thoughtful as to
how to go to market. In, “Growing a Business,” the success or
failure of one’s business is not a function of having a lot of money to
invest in its development.
In fact he states that having too much money at your disposal often
discourages you from using your imagination.
Yes, it’s more than money that makes a business a success or not.
When thinking about the viability of your business, you need to get to
whether or not you can fill a void in the marketplace for your potential
buyer.
-----------------------------------------------------------------------
Transformation: ----- KNOWLEDGEFINANCIALGROUP.COM
Transforming your dream into reality is the role of marketing. This is
where the “rubber meets the road.” Think about why marketing is so
important. It’s about your ability to apply an understanding of current
market conditions and how the consumer may react to them. While
some may say that marketing is a science, I would say that it is an
art. And those who are most successful at it recognize that they need
to create a curious mixture of instinct and knowledge of consumer
behavior in order to succeed.
-------------------------------------------------------------
Don’t be Afraid of Change
Irrespective of what you may feel politically, the election of Barack
Obama does signal that we need to make changes in order to turn
things around. And like generations before us, for the adept marketer
there are numerous opportunities. There will be so many different
needs that a consumer will have, and that’s what makes capitalism
so enduring. So don’t despair, look at the New Year as an opportunity
to re-dedicate yourself to your business and, by doing so, make your
dreams come true.
KNOWLEDGEFINANCIALGROUP.COM
First and foremost, it’s about your passion and commitment to your
dream. Ask yourself, would you be doing what you are doing if times
were great and there was a myriad of opportunities at your fingertips?
If the answer is yes, then you can truly say that you should continue
on the path you’re on. You truly believe in your dream, and that is
often more than 90% of the battle. Remember: No one said it would be
easy or hard. It’s about your intention.
--------------------------------------------------
Difficult times: ----- KNOWLEDGEFINANCIALGROUP.COM
Difficult times simply mean you have to be even more thoughtful as to
how to go to market. In, “Growing a Business,” the success or
failure of one’s business is not a function of having a lot of money to
invest in its development.
In fact he states that having too much money at your disposal often
discourages you from using your imagination.
Yes, it’s more than money that makes a business a success or not.
When thinking about the viability of your business, you need to get to
whether or not you can fill a void in the marketplace for your potential
buyer.
-----------------------------------------------------------------------
Transformation: ----- KNOWLEDGEFINANCIALGROUP.COM
Transforming your dream into reality is the role of marketing. This is
where the “rubber meets the road.” Think about why marketing is so
important. It’s about your ability to apply an understanding of current
market conditions and how the consumer may react to them. While
some may say that marketing is a science, I would say that it is an
art. And those who are most successful at it recognize that they need
to create a curious mixture of instinct and knowledge of consumer
behavior in order to succeed.
-------------------------------------------------------------
Don’t be Afraid of Change
Irrespective of what you may feel politically, the election of Barack
Obama does signal that we need to make changes in order to turn
things around. And like generations before us, for the adept marketer
there are numerous opportunities. There will be so many different
needs that a consumer will have, and that’s what makes capitalism
so enduring. So don’t despair, look at the New Year as an opportunity
to re-dedicate yourself to your business and, by doing so, make your
dreams come true.
KNOWLEDGEFINANCIALGROUP.COM
| ...REAL ESTATE MARKET: TODAY'S GREAT DEALS FOR FIRST-TIME HOME- BUYERS & FOR EVERYONE AS NEVER SEEN BEFORE! WONDERFUL OPPORTUNITY TO CREATE TREMENDOUS AMOUNT OF WEALTH... ..RICH GUIDE, WHY AREN'T RICH? BUILDING FINANCIAL WEALTH, OBTAIN FINANCIAL FREEDOM, BECOME A RICH PERSON; YES YOU CAN... ..RULE OF 72: The compound interest and financial success. Rule Of 72 is the most important and simple rule of financial success. ..MILLIONAIRE: How To Make Your First $1 Million? The Millionaire's Mindset ..FORTUNE: BEFORE INVESTING IN THE STOCK MARKET LEARN THIS FIRST!... ..GOVERNMENT: Government's general information; Local, State, and Federal. Housing Finance Authority of Miami dade, Monroe, Broward, and Palm Beach County ..EMPIRE: THE ABC's OF INVESTMENTS, Ways to Save. THE TRIANGLE OF SUCCESS... ..INVESTORS: CREATIVE FINANCING: TOP 10 CREATIVE FINANCING TECHNIQUES AND STRATEGIES TO FIND MONEY TO INVEST! The Five C’s of Credit: LEARN MORE.. CREATIVE FINANCE CAN AND WILL MAKE ALL THE DIFFERENCE WHEN AN INVESTOR DECIDES TO INVEST IN REAL ESTATE... ..HOME INSPECTION: HOW TO GET THE BEST OUT OF IT.. Top 10 home-buying mistakes to avoid! HOW TO USE HOME INSPECTION REPORTS TO NEGOTIATE SALE PRICE?... ...ACCOUNTING: The Basics of Accounting... ...TAXES: THE FUNDAMENTAL OF TAXES. THE MORE YOU KNOW, THE LESS YOU PAY... ...ANALYTICS: Top 9 Real Estate Financial Calculator Problems every investors should know about... ...REAL ESTATE MARKET: TODAY'S GREAT DEALS FOR FIRST- TIME HOME-BUYERS & FOR EVERYONE AS NEVER SEEN BEFORE! WONDERFUL OPPORTUNITY TO CREATE TREMENDOUS AMOUNT OF WEALTH... ..FINANCIAL SYSTEM: THE UNITED STATES FINANCIAL SYSTEM AND THE ENTIRE WORLD. LEARN MORE... ..MONEY MANAGEMENT: Ten Resolutions to Make Your Financial Life, Three Ways to Put Your Budget On on Auto Pilot Easier, 10 Ways to Avoid Overdraft and Bounced Check Fees... .. ..SAVING MONEY: THE SECRETS TO SAVE MONEY, 66 WAYS TO SAVE MONEY, WAYS TO SAVE MONEY ON GAS... ..FINANCE: THE BANKING AND THE AMERICAN FINANCIAL SYSTEM HISTORY, SUCCESS AND FAILURE... .. BANKING SYSTEM, BANKING HISTORY: FINANCIAL KNOWLEDGE, GREAT THINGS TO KNOW ABOUT THE AMERICAN BANKING HISTORY. Knowledge Financial Group.Blogspot.com Facebook.com/knowledgefinancialgroup Twitter.com/financialschool |
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Mortgage Loans Learning Center: Everything About Mortgage
Home Loans. What You Need to Know Before & After Taking a
Mortgage Loan..
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value of your home? Find-out Now.. IT'S FREE.
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how much it worths. What's the exact or approximate value of it?
FIND-OUT NOW!..
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negotiate sale price? How to Identify a Qualified and Reliable Home
Inspector? How to Interpret Home Inspection Reports?
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US...
riches, it’s one of the best way to build wealth. Search For, & Buy
Property in Any City; Anywhere. Click Here...
FREE SERVICE: Real Estate Assistance Program For Home-Buyers &
sellers. FREE MONEY: EARN CASH BACK UP TO $2,500.00. LEARN
MORE HERE!...
REAL ESTATE GENERAL INFORMATION CENTER: Money-Making
Information You'll Need to Succeed in Real Estate...
Mortgage Loans Learning Center: Everything About Mortgage
Home Loans. What You Need to Know Before & After Taking a
Mortgage Loan..
FREE Home Value Report, {CMA - Home Appraisal} What is the
value of your home? Find-out Now.. IT'S FREE.
HOME-BUYERS FREE SERVICE: Before you buy it, you must know
how much it worths. What's the exact or approximate value of it?
FIND-OUT NOW!..
HOME INSPECTION: How to use home inspection reports report to
negotiate sale price? How to Identify a Qualified and Reliable Home
Inspector? How to Interpret Home Inspection Reports?
FREE HOME ADVERTISEMENT FOR {FSBO}: For Sale By Owner;
Let us put your property on the market For Sale. IT'S FREE -- Your
listing will be available to thousands of buyers & investors...
REAL ESTATE WANTED: Private Investors Want Commercial
Properties. Will Look at all income producing properties. CONTACT
US...
AMERICA'S WAY OF LIFE: UNITED STATES Government Most
Important Websites to know About!...
UNITED STATES CONSTITUTION: "CHARTERS OF FREEDOM"
Unknowm Information to learn about!...
GOVERNMENT INFORMATION CENTER: Federal. State, Counties &
Cities...
FREE CREDIT REPORT: Get a Free Credit Report From all 3 Credit
Bureaus
Banking & Finance: The more you know the closer you are to
accomplish great success. Business, Financial, Commercial News &
Commentary...
FREE FINANCIAL ADVICE: WAYS TO SAVE MONEY, TO MAKE
MONEY, AND GET OUT OF DEBT
FREE CREDIT HELP, CREDIT INFO: SAVE YOUR CREDIT, RESCUE IT,
FIX IT, PROTECT IT, INCREASE YOUR SCORE...
INSURANCE 101: How to save money on your insurance?
5 INSURANCE POLICIES EVERYONE SHOULD HAVE, AND 15
INSURANCE POLICIES YOU MAY NOT NEED.
FORTUNE: National Association Of Securities Dealers -{ NASDD /
FINRA}. BEFORE YOU START INVESTING ANY MONEY; LEARN THIS
FIRST!...
FREE SERVICE, LICENSING HELP: Make a Professional License,
Renew a License, Check Status of a License, Register a Business...
A Florida Real Estate Investment company is looking for:
Foreclosure Properties to buy. CASH OR TERMS. CONTACT US...
Important Websites to know About!...
UNITED STATES CONSTITUTION: "CHARTERS OF FREEDOM"
Unknowm Information to learn about!...
GOVERNMENT INFORMATION CENTER: Federal. State, Counties &
Cities...
FREE CREDIT REPORT: Get a Free Credit Report From all 3 Credit
Bureaus
Banking & Finance: The more you know the closer you are to
accomplish great success. Business, Financial, Commercial News &
Commentary...
FREE FINANCIAL ADVICE: WAYS TO SAVE MONEY, TO MAKE
MONEY, AND GET OUT OF DEBT
FREE CREDIT HELP, CREDIT INFO: SAVE YOUR CREDIT, RESCUE IT,
FIX IT, PROTECT IT, INCREASE YOUR SCORE...
INSURANCE 101: How to save money on your insurance?
5 INSURANCE POLICIES EVERYONE SHOULD HAVE, AND 15
INSURANCE POLICIES YOU MAY NOT NEED.
FORTUNE: National Association Of Securities Dealers -{ NASDD /
FINRA}. BEFORE YOU START INVESTING ANY MONEY; LEARN THIS
FIRST!...
FREE SERVICE, LICENSING HELP: Make a Professional License,
Renew a License, Check Status of a License, Register a Business...
A Florida Real Estate Investment company is looking for:
Foreclosure Properties to buy. CASH OR TERMS. CONTACT US...
Rule No. 4: Borrowing
Old thinking: Borrowing sensibly is a good way to build wealth.
New rule: Borrow cautiously. You have to worry about the other guy's
debt too.
The quarter-century leading up to 2007 wasn't simply a golden age for
stocks. It was also a bull market for leverage. (That's Wall
Streetspeak for debt.) Since 1982, mortgage rates have fallen from
16% to below 6%. The levy on college loans dropped to around 3%.
Americans responded to easy credit in a predictable way. The
personal savings rate fell from over 12% to zilch, and household debt
payments as a percentage of disposable income rose by a third as
families "put it on the card" and paid for lavish kitchen upgrades with
home-equity loans.
Looking back, America's borrowing binge was nuts. Families were
leaning on housing wealth, and that wealth was shaky.
The obvious moral here is to be conservative. There are always good
reasons to borrow, even today. You need a mortgage to buy a house,
and a college education provides enough of a lifetime payoff to justify
a loan. But you ought to stretch less.
There's a subtler lesson too. David Ellison, president of the FBR
Funds, says that you have more exposure to leverage than you think,
especially now that everyone is trying to unload debt. Perhaps your
employer borrowed a lot over the past decade and now needs to
conserve cash, so it's laying off staff. Suddenly that HELOC you could
easily handle on your salary doesn't look like such a super idea. You
can't lean on your investments for help, because many of the
companies you owned used leverage to pump up profits, and now
they can't borrow, so their earnings and stock prices are falling. And
it's harder to shore up your own balance sheet by selling your house
when banks are reining in lending and potential buyers are scared to
borrow for an asset that may decline further.
What to do: Be conservative about debt? Make that very
conservative. Especially when your neighbors aren't. Get a mortgage
you can afford for the life of the loan, and put at least 20% down.
Rule No. 5: Housing
Old thinking: You can expect your house to appreciate handsomely
over the long run.
New rule: Your home won't make you rich. But it is an important
savings tool.
If you live on one of the coasts, you probably guessed sometime
around 2005 that home prices couldn't keep rising the way they were.
But the severity of the crash was still a shock: You heard a lot about
how the market would have to "cool off" or "get back to normal" - the
implication being that slow but steady appreciation was the future.
But the long-run data always told a different story. Yale University
economist Robert Shiller looked closely in 2005 at the history of home
prices since 1890, using a database he constructed. What he found
was surprising. Except for two spectacular booms - the first after
World War II and the second starting in 1998 - real estate appreciation
has been unimpressive after figuring in inflation. As Shiller wrote in
"Irrational Exuberance," technology has allowed builders to nail up
more houses faster, ensuring that supply never gets too far behind
demand (and often gets ahead of it).
Even when prices are rising, gains on real estate aren't as dazzling
as they look, once you account for expenses. Maintenance costs
typically run at about 1% of a home's value annually, in addition to
insurance and taxes. If you remodel, the most you can expect to
recoup is about 80%. You have to pay steep fees when you buy (up to
3% in closing costs) and sell (up to 6% for realtor fees).
What to do: This doesn't mean you have to rent, just that you should
have modest expectations for your house as a wealth builder. There
are still financial pluses. First, owning a house gives you a hedge
against rising values in your own community so that you don't risk
being priced out as rents go up. (Ask a New Yorker about that.)
Second, a traditional 30-year mortgage acts as what economists call
a "commitment device," or a tool that forces you to save. Instead of
writing a check to a landlord, you gradually pay off principal. At the
end, you own a house. Aside from your 401(k), no other asset
enforces such discipline.
Rule No. 6: Diversification
Old thinking: A diversified portfolio lowers your risk.
New rule: Diversification won't always save you - and you need more
of it than you think.
Diversification hasn't stopped you from getting hurt in this downturn.
Both U.S. and foreign stocks are deep in the red. Holding bonds did
cushion your losses, but most kinds of bonds still declined. What
happened?
Jeremy Grantham, chief investment strategist at GMO, observed
back in 2007 that we had a bubble not just in one or two kinds of
assets, but in risk. Investors around the world were so confident, and
so hungry for even a little extra return, that they were throwing money
at anything that might deliver. Now that the risk bubble has burst, all
those investors want now is the safety of U.S. Treasuries. So
everything has moved roughly in sync, both up and down, for a few
years.
Bear in mind, though, that these times are, to say the least, unusual.
Over a longer period - as little as a decade - diversification still looks
effective. While large U.S. stocks are down the past 10 years, U.S.
corporate bonds earned 4.6% a year for the same period.
But in a global economy where money moves quickly, you have to
work harder at diversification than before.
What to do: To ensure you are diversified, you don't have to go out
and buy 16 new mutual funds. First, look under the hood of the funds
you have to see if you already own some of those assets. An easy
way to do so is to plug your holdings into Morningstar.com's Instant
X-Ray tool. And buy funds that kill two birds with one stone. The T.
Rowe Price International Bond fund, for example, invests up to 20%
of its assets in emerging markets and the rest in developed
countries. Put that together with a high-yield fund and a broad U.S.
bond fund, and you'll own most of the bond universe.
Rule No. 7: Retirement
Old thinking: Retiring early is a prize.
New rule: Retiring early is a problem.
Ever since Uncle Sam set 65 as the age you could retire and collect
full Social Security benefits (it's 66 or 67 for boomers today), workers
have been trying to beat that bogey by quitting early. And that seemed
well within reach earlier in this decade after a bull market that gave
workers confidence that their money could work for them rather than
the other way around.
But the reality of early retirement, even before the stock market's
sickening plunge, was never quite that rosy. More than half of early
retirees leave work before they intended, and of those, nine in 10
depart because they get sick or are downsized.
And now the financial prospects for those who had a shot at a secure
early retirement have dimmed: Long-tenured workers nearing
retirement have seen their 401(k) accounts shrink an average of 30%
over the past 14 months, according to EBRI. There's no way around it:
The numbers require you to rethink your plans.
What to do: "By delaying retirement just one year you could increase
your annual retirement income by 9%," says Richard Johnson, senior
fellow at the Urban Institute. If you can hang on to your current
high-paying post, great. The reality, of course, is that in an era of
harsh cost cutting, well-paid older workers are more vulnerable. And
you might not want to stick it out any longer anyway if the severance
is decent. But there's much to be gained from finding another job,
even if it's a lower-paid or part-time position. If you can earn enough
to avoid collecting Social Security benefits early or dipping into your
retirement accounts, research by T. Rowe Price shows, you'll barely
feel a hit to your income when you do retire. If your new job comes
with health benefits, so much the better. The average health-care tab
for an early retiree before he is eligible for Medicare runs to $8,500 a
year, says an AARP study.
Despite all those benefits, if you are still many years away from the
retire-or-work decision, you should think of working longer as Plan B.
As we noted, you won't have complete control over your ability to
work - your health or the job market could make it difficult. That
means you can't afford to assume that you'll just work a few more
years if things go wrong. You will still have to stick to rules 1 through
6.
Old thinking: Borrowing sensibly is a good way to build wealth.
New rule: Borrow cautiously. You have to worry about the other guy's
debt too.
The quarter-century leading up to 2007 wasn't simply a golden age for
stocks. It was also a bull market for leverage. (That's Wall
Streetspeak for debt.) Since 1982, mortgage rates have fallen from
16% to below 6%. The levy on college loans dropped to around 3%.
Americans responded to easy credit in a predictable way. The
personal savings rate fell from over 12% to zilch, and household debt
payments as a percentage of disposable income rose by a third as
families "put it on the card" and paid for lavish kitchen upgrades with
home-equity loans.
Looking back, America's borrowing binge was nuts. Families were
leaning on housing wealth, and that wealth was shaky.
The obvious moral here is to be conservative. There are always good
reasons to borrow, even today. You need a mortgage to buy a house,
and a college education provides enough of a lifetime payoff to justify
a loan. But you ought to stretch less.
There's a subtler lesson too. David Ellison, president of the FBR
Funds, says that you have more exposure to leverage than you think,
especially now that everyone is trying to unload debt. Perhaps your
employer borrowed a lot over the past decade and now needs to
conserve cash, so it's laying off staff. Suddenly that HELOC you could
easily handle on your salary doesn't look like such a super idea. You
can't lean on your investments for help, because many of the
companies you owned used leverage to pump up profits, and now
they can't borrow, so their earnings and stock prices are falling. And
it's harder to shore up your own balance sheet by selling your house
when banks are reining in lending and potential buyers are scared to
borrow for an asset that may decline further.
What to do: Be conservative about debt? Make that very
conservative. Especially when your neighbors aren't. Get a mortgage
you can afford for the life of the loan, and put at least 20% down.
Rule No. 5: Housing
Old thinking: You can expect your house to appreciate handsomely
over the long run.
New rule: Your home won't make you rich. But it is an important
savings tool.
If you live on one of the coasts, you probably guessed sometime
around 2005 that home prices couldn't keep rising the way they were.
But the severity of the crash was still a shock: You heard a lot about
how the market would have to "cool off" or "get back to normal" - the
implication being that slow but steady appreciation was the future.
But the long-run data always told a different story. Yale University
economist Robert Shiller looked closely in 2005 at the history of home
prices since 1890, using a database he constructed. What he found
was surprising. Except for two spectacular booms - the first after
World War II and the second starting in 1998 - real estate appreciation
has been unimpressive after figuring in inflation. As Shiller wrote in
"Irrational Exuberance," technology has allowed builders to nail up
more houses faster, ensuring that supply never gets too far behind
demand (and often gets ahead of it).
Even when prices are rising, gains on real estate aren't as dazzling
as they look, once you account for expenses. Maintenance costs
typically run at about 1% of a home's value annually, in addition to
insurance and taxes. If you remodel, the most you can expect to
recoup is about 80%. You have to pay steep fees when you buy (up to
3% in closing costs) and sell (up to 6% for realtor fees).
What to do: This doesn't mean you have to rent, just that you should
have modest expectations for your house as a wealth builder. There
are still financial pluses. First, owning a house gives you a hedge
against rising values in your own community so that you don't risk
being priced out as rents go up. (Ask a New Yorker about that.)
Second, a traditional 30-year mortgage acts as what economists call
a "commitment device," or a tool that forces you to save. Instead of
writing a check to a landlord, you gradually pay off principal. At the
end, you own a house. Aside from your 401(k), no other asset
enforces such discipline.
Rule No. 6: Diversification
Old thinking: A diversified portfolio lowers your risk.
New rule: Diversification won't always save you - and you need more
of it than you think.
Diversification hasn't stopped you from getting hurt in this downturn.
Both U.S. and foreign stocks are deep in the red. Holding bonds did
cushion your losses, but most kinds of bonds still declined. What
happened?
Jeremy Grantham, chief investment strategist at GMO, observed
back in 2007 that we had a bubble not just in one or two kinds of
assets, but in risk. Investors around the world were so confident, and
so hungry for even a little extra return, that they were throwing money
at anything that might deliver. Now that the risk bubble has burst, all
those investors want now is the safety of U.S. Treasuries. So
everything has moved roughly in sync, both up and down, for a few
years.
Bear in mind, though, that these times are, to say the least, unusual.
Over a longer period - as little as a decade - diversification still looks
effective. While large U.S. stocks are down the past 10 years, U.S.
corporate bonds earned 4.6% a year for the same period.
But in a global economy where money moves quickly, you have to
work harder at diversification than before.
What to do: To ensure you are diversified, you don't have to go out
and buy 16 new mutual funds. First, look under the hood of the funds
you have to see if you already own some of those assets. An easy
way to do so is to plug your holdings into Morningstar.com's Instant
X-Ray tool. And buy funds that kill two birds with one stone. The T.
Rowe Price International Bond fund, for example, invests up to 20%
of its assets in emerging markets and the rest in developed
countries. Put that together with a high-yield fund and a broad U.S.
bond fund, and you'll own most of the bond universe.
Rule No. 7: Retirement
Old thinking: Retiring early is a prize.
New rule: Retiring early is a problem.
Ever since Uncle Sam set 65 as the age you could retire and collect
full Social Security benefits (it's 66 or 67 for boomers today), workers
have been trying to beat that bogey by quitting early. And that seemed
well within reach earlier in this decade after a bull market that gave
workers confidence that their money could work for them rather than
the other way around.
But the reality of early retirement, even before the stock market's
sickening plunge, was never quite that rosy. More than half of early
retirees leave work before they intended, and of those, nine in 10
depart because they get sick or are downsized.
And now the financial prospects for those who had a shot at a secure
early retirement have dimmed: Long-tenured workers nearing
retirement have seen their 401(k) accounts shrink an average of 30%
over the past 14 months, according to EBRI. There's no way around it:
The numbers require you to rethink your plans.
What to do: "By delaying retirement just one year you could increase
your annual retirement income by 9%," says Richard Johnson, senior
fellow at the Urban Institute. If you can hang on to your current
high-paying post, great. The reality, of course, is that in an era of
harsh cost cutting, well-paid older workers are more vulnerable. And
you might not want to stick it out any longer anyway if the severance
is decent. But there's much to be gained from finding another job,
even if it's a lower-paid or part-time position. If you can earn enough
to avoid collecting Social Security benefits early or dipping into your
retirement accounts, research by T. Rowe Price shows, you'll barely
feel a hit to your income when you do retire. If your new job comes
with health benefits, so much the better. The average health-care tab
for an early retiree before he is eligible for Medicare runs to $8,500 a
year, says an AARP study.
Despite all those benefits, if you are still many years away from the
retire-or-work decision, you should think of working longer as Plan B.
As we noted, you won't have complete control over your ability to
work - your health or the job market could make it difficult. That
means you can't afford to assume that you'll just work a few more
years if things go wrong. You will still have to stick to rules 1 through
6.
| HOW TO BUY A BUSINESS? THE BEST GIFT YOU CAN EVER PROVIDE FOR YOURSELF: IS BUYING, CREATING, OWNING A BUSINESS IN YOUR OWN. METHODS, TECHNIQUES, AND STRATEGIES. TO ESTABLISH A SOLID BUSINESS. HOW TO BUY A FRANCHISE? Buying a Franchise a Consumer Guide: Investments and Business Opportunities / Franchise & Business Opportunities for all. The Benefits and Responsibilities of Franchise Ownership .How to Register Your Business with the Secretary of State.?. State Business Entity Registration.. State Licenses and Permits . Steps to Registering a Business. FINANCIAL KNOWLEDGE: Investments, and Insurance knowledge to help you start your own business. Be your own boss, make extra money, secure your financial future, obtain financial freedom. LEARN MORE.. |
| ..State Insurance Departments for all 50 States.. REQUEST INSURANCE INFORMATION, PLACE A COMPLAINT, CHECK ON AN INSURANCE COMPANY, CHECK INSURANCE LICENSES, FIND QUALIFIED AGENTS, FIND LOCATION ETC. -- Free Insurance Quotes: Auto, Business, Health, Long-Term-care Insurance, and Life. Shop For Insurance and Compare Insurance Quotes. Business Registration: State Business Entity Registration.. State Licenses and Permits . Steps to Registering a Business. INSURANCE 101: EVERYTHING YOU NEED TO KNOW ABOUT INSURANCE. NOW IS YOUR CHANCE TO KNOW HOW WIN THE INSURANCE GAME... HOW TO SAVE MONEY ON YOUR INSURANC, And How to Understand Your Insurance Contract? |
| '' Sexology, Sexomania , Sleep Sex, Sex Pain, G-Spot, " Female Ejaculation, Pansexual, LGBT or GLBT, Homophobia'''' LEARN MORE HERE'' '' How to achieve simultaneous orgasm?-- How to have your first or your hundred and first orgasm? How to stop faking orgasms?... Sex Tips & Techniques for Better Sex... '' Sex Therapy, What Is It? How Does It Work? '' Open Relationship, Friendship, Love - Romance; How to maintain all together correctly? '' Everythin About: Open marriage- open relationship - Swinging - Polygamy - Casual sex = |
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| '' OUR MISSION // '' OUR VISION // '' OUR VALUE // '' OUR EXPECTATION // '' SUCCESS STATEMENT // |
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| Welcome to our site & blogs, Knowledge Financial Group – knowledgefinancialgroup.com where you’ll find a wealth of information which is very educative, instructive and informative in the form of newsletter articles, blogs, audio videos, research reports and much more. We hope your visit will help you understand the opportunities and potential rewards that are available when you take a proactive approach to your personal financial situation. We have created this Web site to help you gain a better understanding of the financial concepts behind insurance, annuity, investing, saving, retirement, real estate, wealth management, estate planning, and wealth preservation. KNOWLEDGE FINANCIAL GROUP Most importantly, we hope you see the value of working with skilled professionals to pursue your financial goals. We hope you take advantage of these resources and visit us often. We update our site and blogs also the social media pages regularly. Be sure to add our site to your list of "favorites" in your Internet browser. We frequently update our information, and we wouldn’t want you to miss any developments in the area of personal finance. Plan Your Prosperity with Knowledge Financial Group – Knowledgefinancialgroup.com |
| Improve your financial skills at Knowledge Financial Group – knowledgefinancialgroup.com Whether you just started your first job, own a successful business, or are approaching retirement, or in the middle of all; the process to maximize to protect and to preserve your wealth is still the same: |
| Good financial advice is hard to find, but luckily you found us. Knowledge Financial Group Life is full of important decisions that will impact your future, your family, and your retirement. With so many options to choose from, working with the right financial planner is crucial to achieving the lifestyle you want. We only have one shot at life, so make sure you take full advantage of your options. |
| Life Insurance There’s nothing more important than family, and for longtime, Anthony Jeanty has been helping families like yours protecting their financial future with Life insurance. So let us help you, let us help your friends, your church members, your Relatives. Count On Us For The Best Service, Excellent Plan, Good Price, Great Company. Contact Anthony Jeanty, The South Florida Finest Insurance Agent. |
| Life insurance is a great way to prepare for life’s unexpected moments. With Life insurance, you can know that no matter what tomorrow may bring, your family’s financial future is ensured. Knowledge Financial Group.Blogspot.com Facebook.com/knowledgefinancialgroup Twitter.com/financialschool |
| Interested in protecting your loved ones, but not sure where to begin? We’ve put our many years of experience at your disposal. With Knowledge Financial Group – knowledgefinancial.com we’ll help you understand: •When is the best time to apply for Life insurance? •How much coverage do I need? •What types of coverage are available? •How do I talk to my family about Life insurance? Explore our Life insurance resource center at Knowledge Financial Group – knowledgefinancial.com to learn how to get started, and help you better understand your own Life insurance needs. Knowledge Financial Group.Blogspot.com Facebook.com/knowledgefinancialgroup Twitter.com/financialschool |
| We understand that Life insurance is a personal decision, and not one to make lightly. That’s why we have knowledgeable agents always ready to help you with the information you may need to guide you through the Life insurance process. Let’s Get Smarter About Insurance Questions about your policy? Not sure if you have enough coverage? Wondering what your policy covers? We at knowledge financial group – knowledgefinancial. com we can help answer your most pressing questions. Buying Insurance Everything You Need to Know... The best thing to do in order to ensure you have purchased the right insurance is to first visit Knowledge Financial Group – Knowledgefinancial. com // you’ll learn how to make the informed decisions that will help you purchase exactly the coverage you need – not too much, not too little. ====== |
| Knowledge Financial Group: Build your knowledge about all possible relevant topics and subjects at knowledge financial group - We Inspire, Educate, Inform, Motivate And Lead.. We at Knowledge Financial Group; We're delighted to bring very helpful information for everyone who's interested. ------------ Knowledge Financial Group - Knowledgefinancial.blogspot.com is to provide to people and, or investors with investment information which they can hopefully use to become more educated investors. =============== While You're In Charge - We're here to help you take control of your financial future. ---------------------- Financial Independence This is retirement. It’s important to take steps now to ensure that we can retire comfortably when we want to. There are three retirement issues that must be dealt with. They are taxes, health care and loss of purchasing power. ------------ Financial Independence is having enough assets to produce the money you need to pay all your bills. Or Financial Independent is having enough money working for you so you can live on the interest, on the dividends of your money. ================== Creating a financial strategy that reflects your personality... An approach that’s built around your life’s priorities ...Knowledge Financial Group.Blogspot.com --------------- Finance - Need Of Everyone Finance means to provide funds for business or it is a branch of economics which deals with study of money and other assets. In a Business management, finance is a most important characteristic as business and finance are interrelated. One can achieve its goal through the use of suited financial instruments. Financial planning is essential to ensure a secure future, both for the individual and an organization. Personal finance: Personal finance may be required for education, insurance policies, and income tax management, investing, savings accounts. Personal loan is an effective source of personal finance. To avoid burden and life become enjoyable personal finance may be used as if getting it from a right source at minimum cost --------------- Our purpose is to help you reach your goals at each stage of life with the right information - VISIONAIRE BUSINESS CENTER - VISIONAIREBIZ.BLOGSPOT.COM Adapting the approach as life changes and goals are reached ... BUYHEREMARKET ENTERPRISE - Buyheremarket.blogspot.com --------------- ----------------- Your life’s priorities. It’s time for a financial strategy that puts your needs and priorities front and center. VISIONONE HOLDING COMPANY -VISIONONEHOLDING.BLOGSPOT.COM =-------------- The path to freedom in fulfilling goals requires a collaborative approach where decisions are made and strategies are determined from a holistic perspective. ============= Major changes in life can have a powerful impact on your financial future, you can navigate and plan for the moments that matter most. Knowledge Financial Group is there to help you navigate. |
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'' OUR MISSION // '' OUR VISION // '' OUR VALUE // = '' OUR EXPECTATION // '' SUCCESS STATEMENT //
==== // =========
''// Visionaire Business Center - Visionairebiz = Youtube.com/visionairebiz //'' Visionairebiz blog // '' //'' Long-Term Care Insurance Blog
- //
Life Insurance Blog //- Health Care Insurance Blog - // Financial Knowledge Blog - //
// ' Mortgage & Loans Blog - // Career Opportunity Blog - // Real Estate Blog - // Financial Academy School Blog - // Nursing Blog - //
// ' Millionaire's Blog - // World Class Service Blog - // Money Making Network's Blog - // Insurance Of America - // Alliance Business Blog -
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'' OUR MISSION // '' OUR VISION // '' OUR VALUE // = '' OUR EXPECTATION // '' SUCCESS STATEMENT //
==== // =========
''// Visionaire Business Center - Visionairebiz = Youtube.com/visionairebiz //'' Visionairebiz blog // '' //'' Long-Term Care Insurance Blog
- //
Life Insurance Blog //- Health Care Insurance Blog - // Financial Knowledge Blog - //
// ' Mortgage & Loans Blog - // Career Opportunity Blog - // Real Estate Blog - // Financial Academy School Blog - // Nursing Blog - //
// ' Millionaire's Blog - // World Class Service Blog - // Money Making Network's Blog - // Insurance Of America - // Alliance Business Blog -
=========
| Use our online resources to keep your portfolio balanced and aligned with your objectives Explore a full range of investment options at Knowledge Financial Group - TWITTER.COM/FINANCIALSCHOOL Build a diversified portfolio that's right for you ----------------- How to pursue growth and manage risk See why regularly adjusting your portfolio could be a key step toward pursuing your goals. Visionone Holding Company - VISIONONEHOLDING.BLOGSPOT.COM --------------- At Knowledge Financial Group, Learn about the powerful market shifts and demographics that are shaping the global investment landscape—and creating new opportunities ------------ Help when you need it Pursue your investment goals with help from Knowledge Financial Group - youtube.com/user/knowledgefinancial You'll have access to easy-to-use tools, helpful resources ---------------- Retirement plan. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth, roll over to an employer sponsored plan from a prior employer to an employer sponsored plan at your new employer, take a distribution or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment and provide different protection from creditors and legal judgments. .These are complex choices and should be considered with care. Visit: Knowledge Financial Group -// ------------------- Neither Knowledge Financial Group nor any of its affiliates or the staff members provide legal, tax or accounting advice. You should consult your legal and/or tax professionals, like CPA's, or Lawyers for legal advice before making any financial decisions. --------------- Before investing consider carefully the investment objectives, risks, and charges and expenses of the fund, including management fees, other expenses and special risks. This and other information may be found in each fund's prospectus or summary prospectus, if available. Always read the prospectus or summary prospectus carefully before you invest or send money. Prospectuses can be obtained |
| ''Insurance Blog // Real Estate Blog // Business Blog // Networkmarketing Blog // Entrepreneurship Blog // Nursing Blog // Financial Blog // Social Media Blog // Academy Blog // Knowledge Financial Group Blog // Visionone Holding Blog // Vision-Goals&Dreams - |
'' ' ''Real Estate Investing: Here are more than 15 ways to start investing in real estate to make money...''
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'' Investment Properties Knowledge And Useful Information... Everything To Know About Rental Property For Monthly Cash-flow From A To Z. ...
LEARN MORE...
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''Types of Property Ownership: There are a variety of forms of ownership of
property people need to know about...
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''Find 55+ Communities and Senior Living. Affordable Retirement
Communities. Resort Properties For Seniors...
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''How to Make Money in Real Estate? Types of Real Estate to Invest in... Real Estate Invesing, Active vs Passive??
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'' Ways To Invest In Real Estate Without Buying Property... How to Better Investing in Real Estate With No MORTGAGE?
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How to Make Money in Real Estate: 10 basic Ways ...
There are many ways to make money in real estate / Investors can realize attractive
returns from multiple income streams in real estate investments'''
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'' Ways to Value a Real Estate Rental Property
Determining the cost of and the return on an investment property are just as important as figuring out its value.''
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'' Income Property - Everything People Need To Know About Rental Property. What are the
best ways to make money in real estate? LEARN MORE..
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'' Types of Property Ownership...
There are a variety of forms of ownership of property.----
'' How to Invest In Real Estate without Having to Buy Houses?
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'' Home Warranties, Why Many People Need Them?
Owning a home is a pricey endeavor. It requires attention and upkeep simply because things get old a need to be
replaced...
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'' How to invest and Make Money in Real Estate?…
''Making Money On These Major Types of Properties''
There are many different property types that you can use to make money...
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''General Knowledge For Investing in Commercial Real Estate:
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'' Residential Vs. Commercial'' LEARN MORE...
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'' How To Make Money In Real Estate When Buying Investments
It’s often said “You make your money when you buy.” There are many
different strategies you can use to ensure profitability... LEARN MORE''
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'' How To Make Money In These Real Estate Related Careers...
You don’t need to invest in real estate to begin making money from
it...''LEARN MORE...
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'' Invest In Real Estate With less than $1,000 To Start With. Get Your
Fair Share. Easy And Simple To Build Your Portfolio / Real Estate
Investment Trust Can Help..
Personal Finance: Where are the safe places to put your money in time of financial crises, economic turmoil?
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Finance: Fixed Income Security Investment: Types Of Fixed Income Investments..
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Preferred Stocks vs. Common Stocks. = // Types of Preferred Stocks... Why Do Companies Issue Preferred Stock? =
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'' How the Fed Keeps Track of Our Money Supply? // INVESTMENT'S SECRETS REVEALED, THE ABC's OF INVESTMENTS...
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Femkonsa Capital: Best Index Funds vs Best ETF"s = Exchange Traded Funds.
LEARN MORE HERE...
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Millionaire Portfolio: Passive Income - Residual Income - Earned Income - Portfolio Income. HERE ARE MUCH MORE... =
Research & Learning -/
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Dividend Stocks: List Of Dividend Paying Companies. Quarterly monthly cash-flow = Return On Investment... LEARN MUCH
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Knowledge Center: 101 Ways to Make Money Online We often recommend earning some extra income on the side .
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Entrepreneur: Business Ideas And Opportunities.
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Economic: Different Types Of Market To Invest in...
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Freeknowledge: Things to Know About Government Bonds & Municipal Bonds...
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Resource Center: Different ways to protect your money…
What to do when we have a market panic, or economic uncertainty...
Last Will And Testament...
What Not to Include When Making a Will...
Ways to Avoid Probate... LEARN MORE HERE...
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Finance: Fixed Income Security Investment: Types Of Fixed Income Investments..
---------------
Preferred Stocks vs. Common Stocks. = // Types of Preferred Stocks... Why Do Companies Issue Preferred Stock? =
LEARN MORE HERE...
--------------
'' How the Fed Keeps Track of Our Money Supply? // INVESTMENT'S SECRETS REVEALED, THE ABC's OF INVESTMENTS...
-----------------
Femkonsa Capital: Best Index Funds vs Best ETF"s = Exchange Traded Funds.
LEARN MORE HERE...
-------------------
Millionaire Portfolio: Passive Income - Residual Income - Earned Income - Portfolio Income. HERE ARE MUCH MORE... =
Research & Learning -/
-----------------
Dividend Stocks: List Of Dividend Paying Companies. Quarterly monthly cash-flow = Return On Investment... LEARN MUCH
MORE HERE...
-----------------
Knowledge Center: 101 Ways to Make Money Online We often recommend earning some extra income on the side .
---------------
Entrepreneur: Business Ideas And Opportunities.
---------------
Economic: Different Types Of Market To Invest in...
--------------
Freeknowledge: Things to Know About Government Bonds & Municipal Bonds...
-------------
Resource Center: Different ways to protect your money…
What to do when we have a market panic, or economic uncertainty...
Last Will And Testament...
What Not to Include When Making a Will...
Ways to Avoid Probate... LEARN MORE HERE...