Easy Retirement Calculator

If you have accumulated innumerable debts over a period of time and are not in a sound financial position, we can lend you a helping hand! We will show you how to get over the debt problems easily. Debt problems if not handled carefully in the initial stages can affect the credit history of the borrower negatively.

To start with, you should look out for a debt consolidation plan online which can help you get a loan at a lower rate of interest. Searching online will help you get the best deal on loans. Also, concentrate on paying back the debts in easy installments.

Most importantly, stop immediately using credit cards. Credit cards are a strict no-no for any debtor. Start paying by cash for whatever payments you have to make. This will help you be more responsible towards your payments and also keep a track of how much you can actually spend.

Consolidating debts helps you get a better rate of interest on the loan amount. Any borrower would take up the option of a lower rate of interest than a higher one on the previous one. You should also keep a track of the debts you owe to all your creditors. Start off with making payments by cash for the ones which you can afford to pay quickly.

Debt Management Solutions : Get Over Debt Worries!

Stop worrying now if you are overburdened with mounting debts. We will provide you alternatives to get over them easily. Opt for a debt management solution and reduce your debt burden. Debt management solutions can solve all your problems. Be it the debts, credit card debt, utility bills debt, medical bills debt, or any other debt, we have a solution for all.

You can choose from either a secured debt consolidation loan or an unsecured debt consolidation loan. A secured debt consolidation loan carries a lower rate of interest than an unsecured debt consolidation loan.

A borrower can greatly benefit from a debt consolidation loan. A debt consolidation loan is nothing but a substitute for numerous debts. A borrower can payback the creditor with one single loan fro all the debts and also get a lower monthly payment. He can also get a longer repayment period on the loan.

It is also one of the easiest ways to get over bad credit. A borrower with bad credit history too can benefit greatly by opting for a debt consolidation. It is also the easiest means of improving the financial situation.

Retirement Issues

Borrow money for your start up from friends, relatives, or life long associates. Don?t be shy to borrow money from family and friends. Did you know that the founder of Wal-Mart, Sam Walton borrowed $20,000 from his father-in-law?

How about Fred Deluca? A friend of the family loaned Fred $1,000. He started Subway with the money. Today there are almost 22,000 Subway Restaurants Worldwide. Mega corporations and small mom and pop stores have used this method. Don?t be shy, you?ll lose out.

First impressions are key to being successful in borrowing money from those you know. Make your initial approach a pleasantly surprising experience for the intended lender. Be business-like but warm in your dealings. Above all, be yourself, the person they know.

Your Initial Approach

Write down a list of people you think are potential lenders. Go through all of your various address lists. Think of very close relatives. Then list your distant relatives. You know, the ones you call twice a year, but hardly see. Yeah, Cousin Ethel.

Youll have better success with the following types:

1. Those that have money. The more, the better.

2. Do you have past issues with rich Uncle Harold? Don?t go there! Go where warmth and mutual respect for each other reigns supreme. Uncle Harold may treat your approach with disdain. Then he?ll talk about you to other relatives.

3. Business experience? Does your intended lender have any? This is not a requirement, but it would be good if they did. People who have been there understand what you?re going through when the pickings are lean.

4. There has to be some degree of trust between you and your intended lender. This may be last on the list but it certainly isn?t least. In order of importance, it should be at the top.

When your prospects have been whittled down to the top two or three, make the approach. Chose a mutually comfortable place. Have your plans written down. The business-minded lender will ask for that. Clearly record the amount you wish to borrow.

The closer your relationship, the more tentative your potential lender may be. Their primary concern is that the loan would hurt your relationship. Sure loosing the money is always in their thoughts. But I believe a money-damaged relationship is tops.

When you borrow money from friends you must consider a future money-damaged relationship. Take positive steps to allay their fears. Show them a solid all round business plan. Convince them that you have considerably lowered the risk of failure because your relationship with them is important to you also.

Retirement Saving Account

A personal loan takes at least a couple of days to be approved and sometimes people dont have that much time. This is true for example if cash for medicine is needed by a sudden accident or illness, a personal loan cannot solve this kind of problem but a payday loan can.

Few Requirements

Payday loans do not require thorough credit checks or collateral which makes them very attractive for those who have bad credit or do not own a property. In fact, requirements for a payday loan are minimal; you just need to have a bank account and a job. Compared with all the requirements needed for applying for a personal loan, especially at banks, payday loans are a far more accessible financial option.

When time is an issue

When you dont have enough time, nothing compares to payday loans. No bank or lender could ever approve up to $2000 in less than 24 hours, the time needed to fill and approve all the paperwork required for a personal loan takes far more than that. Payday loan lenders, on the other hand, are used to process loan request within hours. There are few requirements to check and before you know you get the money transferred to your account.

A payday loan is usually due by the time your next paycheck arrives. So you dont have much time for repaying, nor have you, except in certain situations, the possibility to extend the repayment program. This loans are intended for an emergency situation, that being said, if you wont be able to repay the loan you should use the time you gain to get approved for a more flexible personal loan, repayable in installments.

Interest rate

Payday loans carry a high interest rate; this is due to the fact that there is a very high risk involved for the lender. The truth is that the lender lacks almost any guarantee that the borrower will be able to repay what he owes. To compensate this, he charges a high interest rate, and offers a short period of time for repayment.

Loan Amounts

Loan amounts are not high, usually the loan amount offered ranges between $500 and $1000. However, in certain cases you may be able to find lenders willing to lend up to $2000. But if you need more money than that, you will have no choice but to wait to get approved for a personal loan.

Great for those with Bad Credit

When you apply for a payday loan your credit report wont be pulled, so it doesnt matter if you have low credit. You just will have to offer proof of a job and provide your bank account number in order for the lender to transfer the funds.

100% Online

There isnt much paperwork involved. In fact, there are fax-less payday loans offered on the net. The whole process is performed online. It isnt difficult to find these lenders, there are many sites offering access to lots of payday loan lenders so you can compare rates and see which lender best suits your needs.

Retirement Budget Worksheet

Before you rush to the lender it would immensely benefit if you compare secured loans. There are numerous lenders in the loan market and the competition amongst them to gain loan customers is growing. On comparing secured loans borrowers take advantage of the expanding loan market.

To take secured loans, borrowers are required to place a property like home with the lender as a collateral. The borrower is generally in a strong position in terms of the loan amount and interest rate because of the collateral. But on comparing secured loans of different loan providers, borrower can avail the loan almost at their terms.

When you as a borrower go for comparing secured loans it means you are searching for different interest rates and will choose the suitable rate for your budget. You will also be looking for the loan amount. So, you compare that which loan provider offers the required amount at the lowest interest rate to you. Of course the repayment term is included in the comparison.

Numerous companies are providing loans in the UK. They offer different APR Annual Percentage Rate to choose from. Lenders also use the term typical APR that states the average interest rate offered to borrowers.

For secured loans the typical APR varies from lender to lender and normally ranges from 7.9% to 12.7%. Under secured loans one can generally borrow $3000 to $75,000.Secured loans are available for a larger period ranging from 5 years to 30 years.

First of all you should decide about the loan amount. After that you should decide on the loan repayment term. Longer the repayment term, longer you will carry the debt burden. So better keep the repayment term shorter. Note that the APR decreases on a higher loan amount and increases on lower amount of loan. For example, if the APR of a loan provider on $50000 is 8.9% then on $5000, the rate could be as high as 11.9%. Clearly in case you are availing lower amount of loan then you should be prepared for higher interest rate. Monthly installment amount of the loan depends on the duration of the loan. Larger the duration, lower the installment amount. If you take loan of $50,000 at 8.9% then for a duration of 5 years you would be paying $1028.05 while for 25 years $405.72.

Interest rates on secured loans are mainly of two types—variable and fixed. A variable rate fluctuates and while at the time of taking the loan may be lower, but may rise sharply later. Thus total interest outgo may be higher than expected. Fixed interest rate remains the same, unaffected by the market, throughout the repayment duration.

Consult an expert on how much amount you should borrow keeping in view your budget and total financial capacity. This helps in comparing secured loans.

One should keep a tab on what is going on in the loan market so that the best loan deal can be availed.

401K Calculator Retirement

Are you beginning to think about your financial stability for you and your partners future? Perhaps youre beginning to wonder just how you can support yourself during your retirement years? If so, then perhaps its time you took a look at annuities and see if they are the answer to your concerns.

So what is an annuity and who do you buy them from? Well, annuities are typically sold by the insurance companies. There are many types of annuities available and knowing which the right one for you is can be difficult. With so many different annuity plans, its easy to feel confused and a little lost. Before committing yourself to any annuity contract, you should look to consult with your financial adviser, he will identify your personal circumstances and help you find the right annuity plan for you.

Ok, so what is an annuity you ask? Well, to put it simply, an annuity is basically a contract between yourself and the insurance company. You agree to pay the insurance company a lump sum of money and the insurance company invests that money and agrees to pay you interest on that sum over a number of years. To put it simply, an annuity is a loan. Of course, this is just a simple explanation and the details and terms will vary according to the type of annuity you do take out.

When choosing a type of annuity, you are also deciding on a certain level of risk which you are prepared to take. A fixed annuity is one of the safest to sign up for, but it isnt as rewarding as some of the other annuities. One of the more riskier ones available is the “variable” annuity. You can earn some excellent interest with these, but there is also the possible danger of losing all the money youve invested if the money is not invested wisely. Again, your financial adviser will help to explain the best options to you and advise you where you should look to invest your money.

When signing an annuity, you are signing a contract, a contract that usually isnt easy to get out of. So, be careful. Never sign an annuity without fully researching the annuity youre signing up for and also the insurance company that youre be dealing with. You should never feel pressured about signing an annuity contract straightaway. If they pressure you to do this, then just walk away. This is your long term future at stake. Take a few days, discuss it with your partner and also your financial adviser.

Annuities arent for everybody. They can be confusing and any annuity youre interested in, needs to be researched thoroughly. Whether an annuity is right for you depends on your personal circumstances. Many have found them beneficial and rewarding, but then again, many find themselves stuck in a contract that they are fighting to get out of. So speak with your adviser and see if an annuity is the answer for you.

How To Start Saving For Retirement

The best way to haggle for the best fair profit in car loans is to get one with low rates. Interest rates depend on several factors. If your lender charges you low rates, then that means that you have met the criteria needed in order to get good rates on car loans. So what factors can contribute to being charged low rates? Below are a few things you might want to consider if you want to get the best car loan deal available in the auto financing market.

Low Rates Car Loans: Obtain a copy of your credit report.

Approving applications for car loans is a rigorous process and involves a myriad of variables. One of the first things that your lender looks at when evaluating you for car loans is your credit report. If you have good credit, then your chances of getting low rates are high. However, if your credit is bad, theres every chance that you wont get low rates for your car loans. Borrowers with good credit usually get car loans for low rates that range from 1 to 1.9% APR.

If you want to improve your chances of getting approved for car loans with low rates, then it is always a good idea to obtain a copy of your credit report first. In this way, youll know beforehand what youre facing with when you apply for low rates car loans. You can get your credit report from online credit agencies, such as Experian, Equifax, TrueCredit, or ConsumerInfo.

Another thing that you need to remember with your credit report is that the more times your credit gets pulled out; the greater your chances that your credit rating will drop. With this in mind, it is never a good idea to go around the country applying for car loans here and there in an effort to get low rates. It is better if you get your own credit report and just simply fax a copy of that to a dealer. Any lender or dealer can pre-approve you for low rates car loans using the fax copy. Of course, before finalizing anything, they would perform one last check on your credit and they would have to pull out your file to do this. But this shouldnt be reason for panic. That is just one credit check on your record and the damage is considerably less.

Low Rates Car Loans: Get them from Prime Lenders.

A good way to get low rates is to get your car loans from prime lenders. Examples of prime lenders are banks, credit unions, and other large lending institutions. Banks often charge low rates for their car loans, thereby saving you thousands of money in monthly repayments. Credit unions also offer low rates for their car loans, lower even than those offered by banks. If youre a member of a credit union, you enjoy even more incentives, such as special low rates, additional features, and more.

Low Rates Car Loans: Look at Tiers.

If you want to get low rates for your car loans, then you should be prepared to do a good amount of research. If push comes to shove, you can always go to your bank and speak with any of their loan officers regarding their credit tiers. These are usually rated as follows: A, A-, et cetera.

Ira Roth Calculator

The Roth IRA was born on January 1, 1998 as a result of the Taxpayer Relief Act of 1997. Its named after former Senator William V. Roth, Jr. The Roth IRA provides no deduction for contributions, but instead provides a benefit that isnt available for any other form of retirement savings: if you meet certain requirements, all earnings are tax free when you or your beneficiary withdraws them. Other benefits include avoiding the early distribution penalty on certain Roth IRA withdrawals, and avoiding the need to take minimum distributions after age 70. Contributions to a Roth IRA are not tax-deductible, but earnings grow tax deferred and can be withdrawn tax-free in retirement after age 59 1/2 if the account has been in place for at least five years. In addition, the Roth IRA withdrawals may be permitted without penalty sets no maximum age limit for contributions and imposes no schedule for withdrawals. Roth IRA also incorporates a few other options. Both traditional and Roth IRAs allow withdrawals after age 59 1/2, but unlike the traditional IRA, a Roth will permit contributions after age 70 1/2 and does not require Roth IRA withdrawals on any particular schedule. After five years, a Roth IRA allows tax-free withdrawals for a first-time purchase (up to $10,000), disability or certain emergencies without penalty, up to the amount deposited.

Larger Roth IRA withdrawals, including some or all of the interest earned in the account will be subject to tax. There is also a loophole for early Roth IRA withdrawals know as the “72(t) exception”. Under current tax law, you can avoid the 10% penalty tax if you take “substantially equal periodic payments.” The Internal Revenue Service 1989 Cumulative Bulletin tells you how to calculate what it considers to be “substantially equal periodic payments”. IRS Revenue Ruling 2002-62 adds additional details and clarifies some issues pertaining to Roth IRA withdrawal early. All of these engrossing volumes are very likely available at your local law library. To take a series of “substantially equal periodic payments” from your IRA without penalty, you must withdraw money at least once a year, and you must keep taking withdrawals for five years or until you reach age 59, whichever is longer. So, a 35-year-old must take withdrawals for twenty-five years, while a 51-year-old must take them for eight-and-a-half years. A 57-year-old would have to take withdrawals for five years, until age 62. Also, you must let a minimum of 5 years plus 1 day elapse from the date of your first SEPP withdrawal before making “unlimited” withdrawals from your IRA, even if youve reached age 59 1/2. Otherwise, the IRS will hit you with the 10% penalty and retroactive interest charges. The amount of your withdrawal is calculated based on the balance of your retirement account on December 31 of the preceding year or any date in the current year prior to the first distribution using your age on December 31st of the year in which you make the withdrawal.

Retirement Calulators

Investing in the stock market has become more popular than ever. And especially since brokerage services now offer Internet transactions that can be placed from home, work, or from the local cyber caf; individuals have begun investing for themselves without the help of a full-service broker. But many find that they either dont have the time to properly research their stock picks, or they lack the expertise needed to successfully trade the market. For those who want professional help, there are both full and discount service brokers.

The traditional full service stockbroker does more than simply buy and sell stocks for clients. A qualified full service broker will also act as a financial adviser, to help clients choose stocks that are appropriate for their particular needs and investment goals. For example, a full service broker may recommend steady, dependable stocks that pay a quarterly dividend to someone who is on a fixed retirement income. To a younger person trying to grow savings into a nest egg, a broker might take a more aggressive approach, and recommend stocks that carry more risk but also have more upside potential, like small companies in new and revolutionary technical industries. The full service broker will evaluate a persons entire financial situation, and then help pick stocks to enhance ones portfolio. Each time a stock is bought or sold, the broker also handles every detail of the actual transaction, by calling in the order and following up to ensure that it was properly executed. A full service broker is in charge of the day-to-day technical details of buying and selling, but is also a professional who gives stock market advice and educates customers about stock market strategies.

The discount broker, on the other hand, may be equally qualified, but does not dispense any advice to customers. Even if the discount broker can see that a client could use some guidance and personal advice, he or she will refrain from playing that role and will only follow the clients orders to buy or sell specific stocks. In other words, these brokers will assist in doing the technical tasks involved in participating in the major stock exchanges something that ordinary consumers cant do because it requires training, licensing, and certification. But if you are confident that you can make your own stock market decisions without anyones oversight, a discount broker can execute your trades. Because they are not responsible for picking successful stocks for you, they dont charge as much money. A full service broker charges for doing research and giving professional advice, in addition to other brokerage duties. But a discount broker only charges for basic buying and selling services.

Discount brokers charge a fraction of what full service brokers charge, and they are a good and economical choice for those who prefer to do their own research and analysis of the stock market. But you dont have to limit yourself to one or the other. Many investors use both types of brokers. They may have part of their portfolio of investments under the care of a full service broker, and then trade other stocks on their own, through a discount broker.

Choose one or one of each for your own stock market transactions, and see which works best for you once all the fees are paid and you have a chance to evaluate the wisdom the stock picks made by your broker and by yourself.

What To Do In Retirement

Those with fixed incomes or living on their retirement savings are often looking for a safe, low risk place to invest their money. They will often turn to annuities, which are sold through insurance companies. Basically, an annuity is a contract between you and the insurance company that provided for tax-deferred earnings.

There are a number of insurance guarantees that come with annuities, including the option to “annuitize,” or turn the principal into a lifetime stream of income. However, the fees are often quite high, and the earnings are taxed as ordinary income, not long-term capital gain.

The FDIC does not insure annuities, even if they are sold through a bank. The safety of your principal depends on the financial strength of the annuity provider. If the company fails, you might have $100,000 of coverage by your states guaranty association. But these associations operate under state law, and vary on what they cover and how much they pay.

Fixed-rate annuities

With a fixed-rate annuity, you pay the insurance company a certain amount of money. The insurance company then guarantees you a certain periodic payment for the life of the annuity. This is often a way to use up a lifetime stream of income. The insurance companys goal is to invest your deposit and make more money than they have promised to pay you.

There are often higher interest rates on annuities than on CDs. But fixed-rate doesnt mean the same thing for annuities as it does for a CD. With a CD, the rate is fixed for the full term of the CD. Fixed-rate annuities do not have a maturity date. The rate is usually only guaranteed for the first year. The rate will then drop after the guaranteed period, and then be adjusted annually.

There may be penalties charged if you withdraw money during the penalty period. You may have to pay an 8% penalty if you withdraw money during the first year. After that, the penalty is usually decreased by 1% each year.

Annuities have tax-deferred features, so if you withdraw money before the age of 59, you may have to pay a hefty 10% penalty to the IRS. The earnings on annuities are taxed as ordinary income by the IRS no matter how long you have invested.

Variable annuities

Variable annuities offer investors unique features, but they are quite complicated. They combine the elements of life insurance, mutual funds and tax-deferred savings planes. When you invest in a variable annuity, you select from a list of mutual funds to place your investment dollars. Your options may include balanced mutual funds, money market funds and several international funds.

Variable annuities have tax-deferred benefits, and they have income guarantees that you dont find in other investments. For example, for a fee, your variable annuity will pay a death benefit.

Lets look at how this works. You invest $100,000 in a variable annuity. In a few years, the value of the mutual funds in your account has fallen to $75,000. If this was a straight mutual fund, your heirs would only receive the $75,000. With this annuity, your beneficiaries are guaranteed the $100,000 if you pass away. If you have opted for the death benefits, the market value of the annuity may be as much as $125,000. Your beneficiaries would receive this amount.

Taxes are imposed in the same manner as for fixed-rate annuities. The earnings are taxed as ordinary income. You do not want to use the annuities inside of your 401(k) or IRA. These plans are built for accumulating money on a tax-deferred basis. You dont want to pay the higher costs of an annuity when you can invest in a mutual fund that benefits you at less tax expense.

There are instances when variables are a good fit. If youve already reached the limit on your other retirement savings vehicles, you might look into a variable annuity. You arent limited in the amount you can invest in an annuity. Many allow you to convert your investment to an annual income stream, for a slight fee. The insurance company will guarantee that you will receive income payments for a certain period or for life.

CD-type annuities

A CD annuity is a fixed-rate annuity with a guaranteed rate that matches the penalty period. For example, you buy a five year CD annuity at 4%. If you hold the CD for five years then you will receive the 4% annually. If rates rise, you are already locked in at the lower rate.

Insurance companies developed CD annuities to help prevent insurers from making empty promises to continue to pay a high interest rate after the guaranteed period. Rates were falling, and customers were not getting what they expected. Customers began to pay a penalty to get out of the investment.

There are usually higher interest rates offered on CD annuities than on traditional CDs. The investment is tax-deferred, but if you cash out your five-year CD before the age of 59, you will pay a 10% penalty on the gain to the IRS. Many contracts will allow you to take up to 10% of the balance or up to 100% of the interest annually without any insurance company penalties charged.

The surrender charges for a CD-type annuity are similar to those of fixed-rate annuities. There is no FDIC coverage on the investment. Some CD annuities have escape clauses in which the company penalty is waived if the customer allows the payments to be made over a five-year period or longer.

Retirement Magazine

Remember the last time you bought a car? Remember how you sat in the dealership reading the same magazine over and over again waiting for your auto loan to be approved? Those days are gone, as are the pathetic wait times associated with conventional auto loans. Today, the World Wide Web has opened up an entirely new avenue by which to obtain an auto loan. Wouldnt it be great to travel to the dealership, paperwork in hand, knowing that you are already approved for an auto loan? Just think of all the time you will save by not having to get an auto loan after you pick out your new auto.

Thousands of people all over the world are taking advantage of auto loans online, why shouldnt you? Instead of filling out all of those boring application papers by hand, you can quickly type the information in via your computer, and have your approval in a matter of minutes instead of having to wait hours for your auto loan to be approved.

As long as you have access to a computer with an Internet connection, finding an online auto loan will not pose any problems. By using any of the major search engines available, you can search for auto loans online and compare what each different one offers. Some auto loans will offer you a lower rate, while other may offer you longer terms in which to pay the auto loan off. Examine your particular needs before deciding which auto loan will offer you the most benefit.

Auto loans found online are very much comparable in regards to rates and terms as those auto loans made available by dealers, credit unions and banks. In some instances, auto loans online will offer you special incentives that you just wont find at a brick and mortar bank.

Above all else, realize that when you are seeking an auto loan online, there are many online vendors waiting to answer your call. Save yourself a ton of time and log onto the World Wide Web to see what is offered to you when you take advantage of an auto loan online. You may just be surprised by what you find.

Auto loans online are becoming a popular way for people in todays hectic society to secure funding in order to make a new auto purchase, and save precious time while doing it.