Archive for the ‘Financial Services’ Category

Marriage Financial Planning Needed Before The Wedding}

December 3rd, 2018 | No Comments »
Posted by PG4wp3 under Financial Services

Submitted by: Pam Trenchard

When you are thinking about getting married, it is also time to think about your financial plans. When you plan your wedding, you spend a lot of time deciding what you want in personalized wedding favors, wedding accessories, bridesmaid and groomsmen gifts, bridal apparel and even the honeymoon, but havent yet planned for the day to day finances after the marriage. Many couples go into marriage with no idea on how to manage their money. Conflicts over money are the number one problem reported by married couples.

Before the wedding, the couple should get together and work out a financial plan. First of all, they should decide which partner should handle the day to day financial affairs. It is common for one spouse to have a good aptitude for money management and organization, while the other spouse does not. It is important to recognize which one has the better skills, and let them keep track of the finances on a daily basis. This would include paying the bills, reconciling the bank statements, and working within a budget or spending plan.

There must always be open communication between both spouses on all financial matters. This is a key point that many couples miss. With the union of a marriage, what was once yours now becomes ours. A married couple needs to look at their total income, debts and savings as belonging to both of them. In a marriage relationship, two become one; this includes all aspects of your life. You become one in your emotional, physical, spiritual and financial relationships. There is no more mine, it becomes ours.

Many couples ask if one makes more money than the other, or has more assets than the other, whether those assets should be protected with a prenuptial agreement. It is good to think about how your assets should be distributed in the event of your death, and a prenuptial agreement could address that, but the purpose of a marriage is not for one spouse to be financially independent and the other one not. If you want to have financial peace in the household, then you must communicate together and share equally all financial matters. This does not mean that one spouse cannot spend more than the other spouse, such as on hobbies, if it is agreeable to both spouses.

There is no need to have separate saving or checking accounts. Separate accounts would be more like a roommate relationship. You are not roommates; you are in a committed, lifetime relationship when you get married. Do not keep secret accounts that your spouse does not know about, because sooner or later, the other spouse will find out about it. Putting your money in joint accounts is the best arrangement in most cases, and by having joint accounts with the right of survivorship (JWOS), there are other benefits as well. In the event of a death of one spouse, the ownership will pass directly to the surviving spouse, without having to go through probate and the cost, time, and public record required for probate. So, it is a good idea to have a joint owner or beneficiary on every account.

Working up a budget, or a spending plan, is a very necessary part of financial management. Too many couples have no idea how much they spend each month, compared to how much they earn in income each month. They then end up getting in trouble by running up credit card debt, and other debts that their income cannot pay for. If you have a budget or spending plan, this will help make sure that you are not going to spend more than you make, and will help you achieve financial success, and create the ability to save for things you want in the future, such as for college tuition or retirement. Your housing expenses, including your mortgage payment or rent, insurance, taxes, utilities and repairs and maintenance should be no more than 40% of your gross income. Then allocate your other expenses, such as food, clothing, medical, transportation, and entertainment among the remaining amount you have to spend. You need to build up an emergency saving fund equal to six months of income for emergencies that may arise, and then set up a long term saving and investment plan. Remember to include church and charitable contributions in the plan as well.

Couples must work together in managing their finances in an open, committed relationship so that the two become one in a lifetime, loving family unit.

About the Author: Pam is owner of

WeddingsAreFun.com

– Personalized Wedding Favors, Unity Candles, Bridesmaid Gifts and Groomsmen Gifts.

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6 Life Transition Points That Could Benefit From A Career Test

November 18th, 2018 | No Comments »
Posted by PG4wp3 under Financial Services

By Perry Maisin

Life is a series of transitions.

Childhood, Adolescence, Young Adult, Mid Life, Old Age are the common stages that we all will pass through. Although the age ranges have changed; weve all heard that 50 is the new 40; the stages of life are the same for each of us.

Your career follows a similar transition path.

There are several key times in your life when you will be faced with a major decision that affects the long term success or failure of your career.

Entering College

Graduating College

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Starting Your first Job

Changing Careers within your industry

Making a Career Transition

A life change – such as Marriage, Having Children or Retirement

At these junctures, you should consider career testing. There are four types of tests:

Aptitude Tests — These test measure your aptitude or propensity to succeed at a given occupation.

Personality Tests These tests measure your personality traits and based on your answers to specific questions;, develop a personality profile that is then linked to specific job clusters. The Personality test is based on the world famous Myers-Briggs personality model.

Note: The Personality Test can be used to evaluate your values, needs, and expectations in your personal life as well as career. A major life transition like Marriage is just as important as any career change you will make. Before you make a life decision, take as many tests as you can to develop[ a complete profile of your personality.

Occupational Interest Assessment These tests focus on specific job titles and ask pointed questions that a person in that job title should understand and answer correctly.

Entrepreneurial Index This test asks a unique group of questions created to measure your propensity to think like an entrepreneur.

Which Test is right for me?

Aptitude tests are perfect for high school graduates who want to find out where they fit. Sometimes the results on these tests support the results a student received on their SAT or ACT exams. Taking the Aptitude tests after college provides an interesting comparison to the SAT and ACT exam which is taken as a college entrance exam.

Personality tests can also be taken at any stage of the career cycle. As we age, our likes and dislikes change. More importantly, our values may change as well. Personality testing focuses closely on priorities, likes and dislikes. Many mid career employees would do well to take a personality test to determine if their beliefs have changed since college.

Occupational Interest tests can be useful for young people entering the workforce and mid career and older workers looking for a career transition or job change within a similar job family

The Entrepreneurial Index test is for anyone who thinks it may be time to go it alone and start their own business.

All of these tests can be taken by seniors who are making major life changes after retirement. The results of these tests can help people with new insights into their lives and careers.

Are you ready to take your test?

About the Author: Perry Maisin is a business communicator with 25 years of experience in resume writing, business process documentation, and technical staffing. Read informative articles on career testing, interviewing, and job tactics and strategy at

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Five Unique Ideas For Making A 65th Birthday Party More Meaningful

October 7th, 2018 | No Comments »
Posted by PG4wp3 under Financial Services

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By Douglas R. Williams

If you want to make a 65th birthday party more enjoyable, make a unique concept which the celebrant will like, arrange a musical lineup made up of the celebrant’s favorite songs, create an audio-visual demonstration that can be played throughout the celebration, create a scrapbook for the party attendees to write on, and create a tribute section.

Throwing an event is one of the best 65th birthday gifts you can provide to someone who has been endowed with 65 fruitful years. And there a variety of stuff you can explore to make the affair more memorable, interesting as well as special. Below are some tips you could do for the bday bash:

Think of a unique concept which the celebrant will love

Connect everything regarding the party with a distinctive concept. Ensure that the theme is a thing that the celebrant will enjoy or will revive fond reminiscences of his or her birthday celebration. The very first thing you can perform is to start out with a colour structure maybe applying the celebrant’s favorite color. And then you can imagine theme elements that you may build around that theme. One more fantastic idea will be to come up with a ‘period theme’ recreating the decade when the celebrant was born. For instance, if you need to recreate the nineteen fifties, visualize events, news, songs as well as movies that were well known throughout that moment and combine them for the occasion concept.

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Schedule a musical lineup consists of the celebrant’s favourite songs

Discover what genre of music the celebrant likes listening to and if he or she is an enthusiast of a certain artist. Some individuals hire bands and also artists to perform throughout the occasion. If this is the case for the celebration you are organizing, be sure to provide them with a lineup of the celebrant’s favourite music. If you’ll not be having a band, you can simply down load the birthday boy or girl’s faves and play them during the special event. An additional wonderful idea for the songs will be to play songs which were well-known through the celebrant’s life-time.

Create an audio-visual presentation that could be played through the occasion

Collect images of the celebrant over the years. Inquire his relatives and buddies to provide a photo that they have. Check out all these and make an audio-visual display. Utilize the celebrant’s favorite tunes as the background music. Request family and friends to write a birthday message for the celebrant and incorporate these in the presentation. You may rent an LCD projector and play the demonstration throughout the occasion.

Make a scrapbook for the event visitors to write on

Provide the celebrant a heartwarming keepsake from the event by making a scrapbook which visitors could write on. Get several photos of the birthday boy or girl and fill the scrapbook using these. Decorate the scrapbook using stickers or perhaps pretty embellishments. Pass the scrapbook around to the friends during the party so they can write their well wishes and hello to the celebrant on it.

Organize a tribute part

Throughout the celebrant’s lifetime, she or he might have been an inspiration and also friend to other individuals. The party will be a fantastic chance to let those individuals show their love and also appreciation. Incorporate a tribute part throughout the party where all of the attendees can stand up and also honour the celebrant with a bday wish. They could also present the bday boy or girl with a gift item and share the meaning behind the object.

There are several approaches to make a 65th birthday party more meaningful. Be creative when you make plans and be sure to ask for suggestions from the celebrant’s family and friends.

About the Author: Written by Douglas R. Williams. For more suggestions on what 65th birthday gifts you could offer, check out http://www.lifeonrecord.com/Meaningful/Birthday/Gift/65th/Meaningful-65th-Birthday-Gift.htm

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Basics Of Setting Up Annuity Payment Plans}

September 29th, 2018 | No Comments »
Posted by PG4wp3 under Financial Services

Submitted by: Simon Volkov

Annuity payment refers to earnings acquired through annuity investments or structured settlements. The later is a financial contract that supplies ongoing payments to individuals who have been awarded monetary compensation through personal injury law suits and jackpot lottery winnings.

Annuity payment agreements are governed under regulations established by the Structured Settlement Protection Act. Currently, all but 4 states follow SSPA regulations that also consist of regulations regarding factoring transactions. These regulations regulate the transfer or sale of future annuity payments.

Annuities are guaranteed by life insurance companies. Earnings are invested to increase Annuitant’s financial portfolio. Annuity payment plans are developed to provide adequate income for medical expenses and basic living costs.

Structured settlements can be developed to provide required income for a couple of years or for life. Individuals that receive annuity payments from personal injury lawsuits do not have to pay state or federal income tax against earnings. However, proceeds earned through investments will be taxed.

Individuals that enter into annuity plans to receive lottery winnings over an extended period of time are responsible for paying taxes associated with annuity payments and investment proceeds.

Annuity plans can be an excellent choice for lottery winners because this strategy allows them to take home more money than if they accept lump sum cash. Lottery winners are allowed to select upfront cash or spread payments out over the course of 20 years using a structured settlement. Winners that choose cash payments don’t receive the full jackpot because taxes are taken out before prizes are distributed.

Lottery sweepstakes winners that elect to defer payments will receive more money over time. Obtaining smaller installments usually doesn’t alter tax brackets the way lump sum cash does. Postponed payments are subject to taxes at a reduced rate and can supply extra income. Any person who is fortunate to win a lotto jackpot ought to get advice from a financial planner or tax attorney before selecting their payment method.

Annuity payment plans provide substantial flexibility while in the preliminary stage. Once the structured settlement is filed through the court the terms cannot be altered without authorization of the court. For that reason is it vital to hire a structured settlement company with a solid track record to make certain payments are sufficient and will take care of health-related expenses and living costs.

Annuitants are prohibited from taking early distribution of benefits. Neither are they allowed to withdraw money from their account or use forthcoming payments as collateral to acquire bank loans or working capital.

Depending on the state of residence, Annuitants could possibly trade or sell future annuities in exchange for upfront cash. This strategy is forbidden in most states, but if permitted the transfer or purchase must be approved by the court. Annuitants need to be ready to supply facts as to how the sale or transfer will enhance their lifestyle.

Judges hardly ever allow Annuitants to sell future annuities when money is supplied through injury lawsuits. Courts are a little more lax when annuity payments are furnished for jackpot lottery winnings.

When annuity payment sales and transfers are authorized, Annuitants assign their rights to future payments to the funding source. Transferring future annuities is a complex process that is best managed by a structured settlement broker or lawyer.

About the Author: Simon Volkov is a cash flow note and real estate investor that participates in structured settlement funding. He provides an exclusive investment and personal finance article library that covers topics of

annuity payment

plans, cash flow notes, and other investing practices at

SimonVolkov.com

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Bad Credit Lenders How To Bag A Bad Credit Personal Loan In 5 Steps

November 3rd, 2016 | No Comments »
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By Marie-Claire Smith

If you are like most people, when you think of bad credit lenders, the image that comes to mind is a loan shark-type character. You may think of shady backroom deals, hushed voices, and a big guy in the back who carries a club meant for those who fail to repay their loans on time.

While such underworld-type loan services no doubt still exist, the vast majority of bad credit personal lending companies these days are completely legitimate. They have honest dealings with their customers, they pay their federal taxes accurately and on time, and they stick by their word. In short, they are stand-up businesspeople just trying to make a living like everybody else.

Fortunately, these days finding a bad credit personal lender does not involve meeting someone at the dark table in the back of the pool hall and being forced to pay 300% interest on a loan. Instead, you can find a number of upstanding personal loan lending companies in most mid-size towns and large cities alike. You can also find them online.

In fact, there are so many personal loan lenders out there today that your biggest challenge will not be in finding an honest one, but rather in finding the one that will give you the best deal.

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Bad credit lenders specialize in working with folks who may not have a perfect credit history. This poor credit history is usually reflected in the borrower’s low credit, or FICO, score. However, these special personal loan lenders know how to work with people who have a low FICO score. They do this by reviewing other key details of that person’s credit history, then making a decision based on items other than just the score.

If you need a loan but are concerned about getting approved given your credit score, here is how to bag your own bad credit personal loan in 5 steps:

1. Figure out who the players are. After 20 minutes of Internet research or a quick drive around town, you should easily be able to build yourself a list of personal loan lenders who are ready to wheel and deal with you. Skip over any lenders who seem shady or who do not have an established business history.

2. Become familiar with your own credit history. This means having a look at your own credit reports. Prepare yourself for the kinds of questions you may be asked – and have some answers ready. For example, you may be asked about why you didn’t complete payments on that auto loan, or why you missed 3 months of your utility bill. Have honest, but well-thought-out, answers ready.

3. Play the lenders against each other. Once you are ready to take out a loan for $500, $1,000 or more, start applying to at least 4-5 bad credit personal lenders. Each lender is going to offer you a slightly different interest rate. You may find that one lender could save you hundreds of dollars in lower interest payments. If you get two similar loan offers, tell the one with the higher rate that you have a better offer in hand, and see if they’ll beat it.

4. Experiment with different loan amounts. For example, let’s say you apply for a loan of $2,000 but your application gets rejected or you don’t get approved for the interest rate you wanted. In that case, go back and ask for $1,500. See what works.

5. Finally, read the terms and conditions of every loan offer that comes across your desk. For example, you may not want to agree to any offers that require you to pay an early termination fee or other hidden fees. Ask the lender for a statement showing the total cost of the would-be loan, including all fees and interest.

Take these 5 steps to bag your bad credit personal loan faster than you had thought possible.

About the Author: Get access to more bad credit personal loan tips and lending resources at: My Bad Credit Personal Lender.

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