POSTS TAGGED : personal finance

Steps The Self-Employed Need to Take To Save for Retirement

There are tons of perks to being self-employed, but they come at the cost of certain benefits others take for granted. One thing that people working for a boss have is a 401(k). This does not relieve them of the need to think about saving for retirement, but it does give them a foundation. When self-employed, you need to take all your own steps to save for retirement.

Retirement savings

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If you’re not yet saving for retirement, now is the time to start. The longer you put it off, the more at risk your retirement becomes. To help you get going on your retirement savings plan, here are some steps you should take as soon as possible.…

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Different Types of Insurances You May Need

An insurance policy is a contract that indemnifies organizations and individuals if they suffer any losses. The most obvious benefit of having insurance is the payment of losses. Moreover, it helps you face an uncertain situation by protecting your interest and taking care of the financial aspects.

Insurance policy

However, there are many intricacies of an insurance contract when it comes to the paperwork, making it difficult for a layman to make a proper decision. In addition, one can get into a contract wherein the conditions are not favorable for them. So, it is highly advised that you must reach out to the best insurance consultant agencies if you plan to buy insurance of any kind.…

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Gold 401k Rollover Guide

The charm and value of precious metals are almost impossible to resist, particularly in the case of gold. According to many, it’s the greatest investment in the world owing to the lucrative returns it provides to investment portfolios.

Gold bullion

While approaching retirement, many people become aware of the benefit of investing in precious metals. Nevertheless, most 401k retirement plans don’t allow employees to become direct owners of physical gold.

There are, fortunately, other indirect ways to make this happen.

The basics

A 401k plan refers to a specific self-directed retirement savings plan sponsored by employers. It’s offered by a multitude of employers, allowing Americans to enjoy their retirement years by relying on the tax advantages of this investment plan.…

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How to Financially Plan Before You Move to a New Place

Moving from one place to another is a part of life, be it due to job or education. Even if you have to move to a new place within your city, this is a hectic activity and can be financially straining. Indeed, your finances matter when moving. Therefore, understanding the costs upfront helps avoiding ‘surprises’ along the way.

Moving to a new place

While some costs may be very clear to you while you are pondering over your move to your new home, some are not so obvious. The rent is one of the clearest expense you will have, but there are others too. If your calculations are not right, you might end up regretting your decision to switch places.…

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Has Covid-19 Highlighted The Value Of Having A ULIP Plan?

There is no better gift for your loved ones than the gift of financial security during the ongoing pandemic. Going straight for an insurance policy covering COVID-19 may appear to be one of your best bets, but there are a slew of pre-existing financial products that can provide you with the benefits you need to stay secure during and after this time. The unit linked insurance plans are one such financial product.

ULIP plan

What Is ULIP?

Before investing in a ULIP Plan, it is important to understand what is ULIP?

ULIP is the short form for Unit Linked Insurance Plan. A ULIP is a product that combines investment and insurance.…

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3 Finance Options That Are Better Than Saving

Having enough money to achieve your financial goals requires patience for many people. Putting away what you can afford to save each month and keeping track of any growth. However, whilst many people will focus on a savings account alongside their pension pot, other finance options could help boost your savings much more quickly and provide a different approach.

Developing smart financial habits

Here are 3 different options to consider if regular savings aren’t working for you.

Short Term Borrowing

Saving can take time, especially if you need money quickly and you can only put aside a small amount each month. If you have been saving for a while, you may have built an emergency savings fund just to cover any unexpected expenses when they crop up.…

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How Much Money Should I Save Before Looking to Rent?

Looking to get your own place for the first time? While you’re probably excited to reach this major goal that you’ve been thinking about for much of your life, to enjoy quiet, freedom, and no one telling you what to do, if you aren’t prepared you could find yourself having to move back in with your parents before you’ve even unpacked all the boxes.

Rental costs

Just because you have enough cash in your bank account to pay the rent on one of those enticing Dallas apartments or an apartment anywhere else doesn’t mean you have enough to move out. Of course, you probably know that already which is why you’re asking how much money you should save first.…

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What Can Credit Saint Do for My Credit?

Credit Saint is a distinguished name in the credit fixing industry. The company promises to boost your score by challenging reporting mistakes. It can improve the borrowing histories compiled by three national bureaus — TransUnion, Equifax, and Experian. But what methods does it use, and how effective are its services? Find out in our guide.

Credit repair

This is one of the first companies of this kind — you can learn more about its background in this Credit Saint review. Today, this 17-year-old provider has a stellar A+ rating from the Better Business Bureau, which is a rarity for the industry. Feedback from customers is also predominantly positive.…

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7 Smart Financial Habits That You Should Adopt

One of the main factors for generating wealth from your small enterprises is being financially informed. Generally, most wealthy individuals have some solid money and financial habits to help them maintain their wealth.

Developing smart financial habits

If you are looking for smart ways to manage your money, it would be wise to consider Infinity wealth management. Infinityinvesting.com is a site where you may find solid financial resources and advice to help you with money matters. Here are some other helpful tips to help you in being smart with your money.

1. Invest

Investing will help you attain and exceed your financial goals. Always bear in mind that one of the most effective ways to generate wealth is through finding ways to invest your hard-earned money.…

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6 Best Life Insurance Plans in India You Probably Never Heard Of

When you hear the word ‘insurance’, your mind often thinks about products such as home, car, health, and term insurance. However, being an integral part of financial planning, insurance is way beyond these surface-level solutions that can be easily found with a little bit of research.

Life insurance plans

On purchasing a life insurance plan, you gain a payout in case of any unforeseen incident based on the conditions offered in the contract by the company. Therefore, you need to make sure that you know everything about the insurance plan you’re willing to purchase.

If you haven’t researched any insurance plans till now, here’s a good starting point for you.…

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