Analysis Topic: Personal FinanceThe analysis published under this topic are as follows.
Wednesday, April 15, 2015
Peter Krauth writes: With mid-generation baby boomers just entering the retirement wave, their ability to stop working is a hot topic that's getting hotter. Study after study questions the ability of public and private pensions to meet the needs of retirees.
Financial repression through the Fed's Zero Interest Rate Policy (ZIRP) has compounded the problems of underfunded plans and retirement accounts.Read full article... Read full article...
Tuesday, April 14, 2015
Inflation figures released today show that the Consumer Prices Index (CPI) stuck at 0.0% during March.
Today all 874 savings accounts on the market beat inflation, and out of these 681* (149 no notice, 79 notice, 243 fixed rate bonds and 210 ISAs) are without restrictive criteria*.Read full article... Read full article...
Friday, April 10, 2015
Don’t Get Sandbagged: Here’s Where the “New Credit Scorers” Are Watching You / Personal_Finance / Credit Cards & Scoring
Shah Gilani writes: In our talks here over the last week or so, we’ve been focusing our attention on so-called “Disruptors” – the catalysts of change that are impacting everything we do.
And one particular point that I made underscores just how wide-ranging these Disruptor-driven changes really are.
As I told you all last week, Disruptors are already changing how we communicate (smartphones), how we date (Match.com, eHarmony), how we mate (Tinder… or so I’ve heard), what we eat (genetically modified and so-called “super foods”), how we work (Monster.com, Jobr), how we get heat, cooling and light (fracking), how we get around (Uber and Tesla), how we get where we’re going (GPS) – and where we stay once we get there (Airbnb).Read full article... Read full article...
Thursday, April 09, 2015
Those of you in the US know that it’s the least wonderful time of the year: tax time.
Hopefully you haven’t filed your tax return just yet. Maybe you rushed it in because you feel ever so grateful to your government for letting you keep some of your hard-earned cash. Or maybe—like most of us—you wait 'til the very last day out of principle.
Either way, chances are you’re leaving money on the table. We want to show you how to get most of it back.Read full article... Read full article...
Sunday, April 05, 2015
Rachel Gearhart writes: Last week we looked at a chart showing how much annual income Americans think they need to be considered rich.
This week, we’re using the same Gallup Poll data to visualize the household net worth required to join the wealthy upper class. (This is, again, according to a group of randomly surveyed individuals.) The median number? $1 million.Read full article... Read full article...
Sunday, March 29, 2015
Andrew Snyder writes: It’s a tough subject. Nobody wants to admit they spent years of their lives - and thousands upon thousands of dollars - in an effort that may quite easily turn out to be detrimental to their financial well-being.
On Friday, I spoke to a small church group about what it takes to build lasting, liberating wealth. It was the second time we met and I knew going into the evening that it wouldn’t be easy.Read full article... Read full article...
Wednesday, March 25, 2015
Will Your Retirement Accounts Survive The Coming Tax Code "Revolution"? / Personal_Finance / Pensions & Retirement
Suppose that you live in a capital city under siege, that is surrounded by revolutionary armies. And while you don't know the exact timing or specifics, you do believe that the overthrow of the current regime is close to a 100 percent certainty. So you take your life savings and enter into a series of binding contracts with the current regime, under advantageous terms for you. The revolutionary armies enter the capital city, the current regime is ousted, the new regime repudiates the contracts of the previous regime – and you are left penniless.Read full article... Read full article...
Friday, March 20, 2015
Best Cash ISA vs Budget 2015 Scrapping Tax on Savings Interest on First £1,000 / Personal_Finance / ISA's
It's that time of the year again when many savers will be busy rushing to capitalise on their use it or lose it £15k cash ISA annual allowance, though having been raised in July 2014 from £5.5k to £15k does not make today's exercise as big a deal for most savers. Still up until this week it had been a case of ensuring cash is deposited in tax free ISA's than in taxed deposit accounts. However, now everything may be changing for many if not most savers following the Budget 2015 announcement to scrap tax on the first £1k of interest earned which with today's abysmal typical interest rates of 1.5% covers savings pots of as much as £65,000!Read full article... Read full article...
Wednesday, March 18, 2015
Keith Fitz-Gerald writes: The other day I saw an ad for a mattress store that offered financing, so you can “sleep in peace” on your brand-spanking-new $7,000 mattress set. (Talk about irony!)
Debt is the American way. It makes the impossible possible. It’s seen as benign or even good.
It’s not.Read full article... Read full article...
Wednesday, March 18, 2015
MONEYFACTS on Budget 2015 - Help to Buy ISA, £1000 Savings Allowance, Pensions Freedom... / Personal_Finance / UK Tax & Budget
Sylvia Waycot, Editor at Moneyfacts.co.uk, comments:
“This is a great budget for savers. After years of being left out of the cold they can finally enjoy the warmth of being under the Chancellor’s new roof.”Read full article... Read full article...
Tuesday, March 17, 2015
How to Grow Tomatoes Indoors From Seed, Germination, Pruning, Over 1 Year - Money Saving Guide / Personal_Finance / Money Saving
In this comprehensive guide spanning a whole year, I will show how literally anyone, even a 9 year old child can easily grow tomatoes indoors from seed germination, planting, pollination, pruning and then enjoying the fruits of a whole year of crops of hundreds of healthy fresh organically grown tomatoes that in addition to self satisfaction will save you lots of money!Read full article... Read full article...
Monday, March 02, 2015
On 4 November 2014, to an almost national sigh of relief, the Government published draft regulation changes that will finally allow transfers from Child Trust Funds (CTFs) to Junior ISAs (JISA). The changes are expected to take effect from 6 April 2015.
Moneyfacts has compared the remaining cash versions of CTFs with equivalent JISAs to see if it is worth transferring…Read full article... Read full article...
Monday, March 02, 2015
Students Getting a PhD in Subprime Debt - U.S. Debt Breaking Bad Part 3 / Personal_Finance / Student Finances
In Part One of this three part article I laid out the groundwork of how the Federal Reserve is responsible for the excessive level of debt in our society and how it has warped the thinking of the American people, while creating a tremendous level of mal-investment. In Part Two I focused on the Federal Reserve/Federal Government scheme to artificially boost the economy through the issuance of subprime debt to create a false auto boom. In this final episode, I’ll address the disastrous student loan debacle and the dreadful global implications of $200 trillion of debt destroying the lives of citizens around the world.Read full article... Read full article...
Wednesday, February 25, 2015
By Nick Giambruno
Money represents your energy and your time: the days, the weeks, the months, the years it takes you to earn it, and all the things you hope to do with it.
In short, money is like stored life.
Taxation, inflation, and artificially low interest rates are therefore similar to a needle and syringe tapped directly into your vein, sucking the life right out of you.Read full article... Read full article...
Monday, February 16, 2015
Mamas, Don’t Let Your Babies Grow Up to Be Pension Fund Managers / Personal_Finance / Pensions & Retirement
We do not have to look to Greece to find massively underfunded obligations. Here in the US we can find hundreds of examples, willingly created by politicians and businessmen who proclaim they are working for the public good. We call them pension funds, but they’re just another form of unfunded debt. A sovereign bond is a promise to pay a certain amount of money over time. A defined-benefit pension fund is a promise to pay a certain amount of income over time. The value of either is determined by the ability of the government or the pension fund (or its sponsor) to pay.Read full article... Read full article...