Archive for October, 2008

Is Online Banking Easy To Use?

Monday, October 27th, 2008

I am trying to find a better way to deal with my banking since it has been taking up a lot of my time. It seems like I am always going to the bank to deposit checks, so I have been thinking that I will take advantage of the direct deposit service that they offer at work. That way I can save myself some trips. I was thinking that I might also try the online banking services that are offered by my bank. Does anyone know if online banking is easy to use? I will love to be able to check my balance from home!

Consider Withdrawing From Your IRA To Pay For Medical Insurance

Friday, October 24th, 2008

If there is an upside to the financial woes many people are facing, it’s knowing that you can withdraw money from your simple IRA in order to pay for medical insurance. There are, however, certain conditions which must be met to avoid penalties for early withdrawals. The plan participant must have lost his or her job and has received unemployment compensation for 12 consecutive weeks. Additionally, the distribution must be received either during the year that unemployment compensation was received, or during the following year. Another requirement is that the distribution cannot be received beyond 60 days after you have begun working again.

Learning About Event Liability Insurance

Sunday, October 19th, 2008

It’s time to get serious about Event Liability Insurance.
Much as I’d like to trust my customers, liability insurance is necessary when running any business.
From what I’ve learned about Commercial Umbrella Insurance, I should be able to afford the coverage I need, so that’s good.
The trouble is I’ve got no idea how much coverage to get. I mean, I suppose it’s a matter of imagining what could go wrong.
Maybe you can help settle the matter - feel free to comment.

Inexpensive Life Insurance or Whole Term Life Insurance?

Tuesday, October 14th, 2008

 

Do you want inexpensive life insurance or do you want whole life insurance?  You can’t have both.  Inexpensive life insurance is usually term life insurance, which is life insurance that lasts for a specified amount of time, cannot be cashed in before death or at the end of the term, and does not earn any interest.  It is what it is.

 

Whole term life insurance is lifelong life insurance if you want it to be.  It is more expensive because of this and also because a part of your monthly premium goes into long term investment products to earn you money.  The policy can be cashed in prior to death and many people use it as an extra retirement savings.

 

Credit recovery

Friday, October 10th, 2008

The moment that I dreaded for the last three years had finally come. My old truck had finally gone passed the stage that it could be repaired and I would need to look around to find a new one. Why I feared the moment was that a few years ago my business had gone through a really bad patch, work was very thin, and my cash flow was a disaster. It didn’t take long before the bank was calling me up and checks were being returned. I knew that I had seriously dented my credit score and it would take a long time to make it right. Things in the business picked up and as if sensing our vulnerability, the old truck seemed to potter on for ever, from running repair to running repair, till one day it just seemed to seize up and die. I told myself, “What have I got to lose” and gave a local credit repair company a call. I was delighted to discover a couple of day later that that my credit was good for a loan to buy a used truck. I spoke to my bank manager, and he was happy to see me and to set me up with finance.

The worst

Tuesday, October 7th, 2008

idea in the last decade besides the Iraq War, is to not only allow the government to use OUR money to purchase the failing AIG (how is this even legal…is the government allowed to buy companies, what about monopoly or conflict of interest, or the fact that it is to serve the needs of the general public and private companies are by their very existence specialized and private?) but also to allow least efficient organization in the country to manage the efficient use of it? It’s the height of ridiculous.  At least I feel blessed that my sep ira is 30% bonds, so as to cushion the blow of the recent market downturn.

Wondering About How To Become A Financial Planner

Saturday, October 4th, 2008

%HEADER%
I’ve checked out some information on exactly How Do I Become A Certified Financial Planner, and it looks doable from my perspective.
I’d much rather help people find financial independence than keep working for bit corporations suing each other.
Your comments are welcome as always.

Thoughts On Financial Planning Careers

Thursday, October 2nd, 2008

It seems to me that
Financial Planning Careers would be a good fit for me. I like learning about money and finance in general, and would love to help people get their financial houses in order.
From what I can tell after reading up on
the Institute Of Certified Financial Planners, it should be too hard for me to get registered and get started.
I can’t think of any better way to earn a living than to help people achieve financial independence.
Let me know what you think about all this.

What Rules Affect The Amount Of Contributions To An Ira?

Thursday, October 2nd, 2008

There are several limits and rules that must be followed when it comes to the Ira contributions that a person can make. These limits and rules include community property laws, brokers commissions, trustees fees, and qualified reservist repayments. The community property laws is when a the holder and the spouse needs to figure their assets separately to find out their own contribution. The brokers commissions could possibly be used as a deduction and are subject to the contribution limit but this has to checked out per state. The trustees fees could also possibly be a deduction but they are not subject to any of the contributions.