Key Considerations for Smooth Wealth Transfer Planning
By Tim McMahon |
Transferring Money Between Currencies
There are two different reasons for participating in foreign currency exchange. The first is as a speculative investment strategy. If you have reason to believe that one currency will appreciate against another you can sell the currency you think will decrease and buy the currency that you believe will appreciate. It is even possible to borrow […]
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The Risks of “Insurance Fronting” for Young Drivers
Your teen has just gotten her driver’s license. There’s a problem: even though she passed, she doesn’t earn the best rates from the insurer and if you have a son the rates may be even worse. What are you to do? Well, some parents engage in a process called “fronting.” This is when the parent […]
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Family Lending: What are your Options?
Lending between family members, can benefit both sides. It’s a way to access needed money without the time, fees and high interest rates of official bank borrowing, plus in these times of low interest rates it can provide the family member who has the spare cash a way of earning a bit more interest. This can be a […]
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Frugal living with Ease
If you’ve just moved in to a new home or had to pay out more than you expected this month and now need to cut down the bills as much as possible…  Here are some easy and creative ways to economize. You may have to juggle your budgets for a while, but once you start to save […]
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Using An IVA to Reorganise Debt
When you’re in debt, the guilt and stress that goes with it can be all-consuming. It can affect your sleep, your health, and your relationship and family life. The worst thing you can do when in debt is to ignore the problem. Even if it feels like you will never be free of debt, the […]
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Is Real Estate a Wise Investment for Retirees?
I have often said that rental property if done properly is a great way to build a retirement income. You buy houses let the tenants pay off the mortgage and then once they are paid off you still receive the income but now it can go in your pocket rather than in the Bank’s pocket. […]
Read More5 Things to Consider Before Filing for Bankruptcy
Before making the decision to file for bankruptcy, take a credit counseling class to see the other options. Often, there are ways to deal with financial issues without having to involve the federal court. Counseling sessions can be had within a day, providing a lot of information most people don’t think of when frustrated about […]
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7 Reasons to Go Back to School
Most Americans support the idea of going back to school in order to expand their career choices. Whether it is a certificate, a bachelor’s degree, or even a Master’s degree getting an education improves one’s skills and knowledge and is often the only way to enter a profession and yes, even get a chance at earning more. […]
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Planning For A Financially Secure Retirement
After spending decades working day in and day out 30% of retireees consider Social Security to be their primary source of income. If you want to avoid that fate it’s important to begin planning as soon as possible…
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Family Run Non-Profit
Do you have a cause you are passionate about? Are you so enthralled with the idea that it keeps you awake at night? Have you ever considered setting up a non-profit entity so you can pursue your passion? It isn’t that far-fetched. Recently a teenager in New Jersey created  Mahwah Environmental Volunteers Organization to promote […]
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The Good, Bad and Ugly of Financial Advice
Financial regulations are usually created with the intention of protecting the consumer and adding transparency to the decision making processes. However, the final results do not always match the initial vision. Although qualified investment advice may help investors avoid financial pitfalls, many individuals are now distancing themselves from this prepaid and often self-serving arena. The end result is that […]
Read MoreUnderstanding Your Family’s Spending Behaviors
If your family is like most families today, you may be finding it difficult to make ends meet from one paycheck to the next. Or, you may have found yourself trying to find ways to balance your family budget in order to boost your savings. Regardless of what your current situation may be, it’s important to […]
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