Knowing when to withdraw from a 401K account is extremely important knowledge for your retirement plan. The real short answer to this question is not until you reach retirement age, which is 59 years and 6 months of age, however, there is really more that you should know than that. First of all, you can start to take payments when you reach retirement age (59 and 1/2 years old) and you have to start taking payments before you are seventy years...more
Once you retire from your job, you need to think about retirement plans and pension schemes. One of the alternatives may be withdrawal of income which is referred to as income drawdown. When you take on an drawdown in income, you are actually taking the benefits straightaway from your SIPP or self invested personal pension, instead of going for an annuity purchase. This is why, it is ideal to note the assets that you are required to take as your...more
Quizzes and Calculators - Personal Finance HelpI think it's time to go back to school. Okay, you don't literally need to hop on the school bus, get a new school bag, lug around a few pounds of books/binders and highlighters and hide your lunch money, but I think it is time for us to get some personal finance help. I've created a short quiz for you to zip through to find out how well you understand your finances.1. It's always better to choose the longest amortization period with your mortgage because you will have a lower monthly payment.a: Trueb: False2. There is very little difference on how much interest you pay over the term of your mortgage if you pay monthly or bi-monthly.a. Trueb. False3. Do you know what a dividend is?a. A cash rebate distributed between lendersb. A payment of additional shares of stock to stockholdersc. A monetary bonus to government workersd. A division of an international corporation4. What is the most important financial tool you should use?a. Planning a household budgetb. Using tax preparation softwarec. Always keep your checkbook in balanced. Locating personal finance help from a professional5. What is an Asset?a. A automobile, computer or clothingb....more
The current unsettled economy, with its disastrous unemplyment rates and unusually high levels of consumer debt, has many homeowners now being threatened with foreclosure on their homes. You might find yourself in this situation due to loss of your job, unexpected repair expenses on your home or car, illness in the family, or some other financial...more
Has your banker been hounding you over house payments that are in arrears? You may only be 2 or 3 months behind, but your mortgage lender has already made threats of foreclosure. You are by no means alone in this predicament. In today's recessionary economy, many homeowners are in the same boat.You may have gotten into this situation because of an...more
Who doesn't love a good sale, especially in today's economy? When it comes to my own checkbook, I want the most bang for my buck, and you probably want that too. I used to spend a lot of money reorder my checks from the bank. It was crazy! It may surprise you to find out that you can get a huge variety of discount checks over the Internet (even custom-ordered), and pay only half of what the bank will charge you!If you desire to get cool looking personal checks that you can use anywhere, while saving money on ordering new ones, check out discount personal checks. Now, I understand why you might be cautious about giving an online company that sells cheap checks my financial information.The people who run check printing websites are as security conscious as their customers. Most use secure ordering systems just like your bank. The company's website will usually contain seals of approval and various certifications that can show you that it's a legitimate and trusted business. You can easily click on the link of the verification symbol to reach the security or verification website.A few times throughout the year you may get an e-mail message from your online check printer promoting...more
When the requirement to buy new equipment arises, equipment financing is an alternative every industrialist and business owner should consider. There are many aspects that make equipment financing a more useful and attractive options for your...more
Fixed Annuity insurance is a good way to create a great deal of income these days. If you are searching for annuity insurance leads, then this article is just meant for you.Fixed Annuity is an insurance contract that comes into existence when an...more
Only a handful of people enjoy poring over documents and receipts and noting down financial figures to create a balance among them. This is why there are not many accountants and people pay a premium for their professional services and advice. For...more
To achieve financial goals, the first recourse people often take is mapping out a budget plan that outlines all their financial activities, from fund resources, to expenses, to loan payments, to bills, to contingency savings accounts, and a host of...more
Achieving your financial goals means balancing your assets and liabilities and finding that you still have money left to spend for leisure or for other un-urgent endeavors. If you're finding yourself up to your neck in debt and payments right now,...more
If you are searching for information related to tax on tools or any other such as claiming tax back student, tax thresholds 2008, mechanics tools tax or tax relief tools you have come to the right article. This piece will provide you with not just...more