A hard thing to swallow

A hard thing to swallow

Life can be tragically unpredictable, the good fortune and positive outcomes we anticipate can suddenly become dire circumstances. One man’s life story reveals a vivid example. His story shows that carefully developed plans and substantial assets are sometimes not enough. It also reveals that resources which we think can cover every contingency can still fall short. Finally, it demonstrates that an asset we think might be least helpful in the late stages of life can actually become a safety net. The asset is a life insurance policy that can be converted to a lump sum payment during the life of the insured. For additional local paper samples visit bestessaycheap. Continue reading

Why personal budget planning is important

Why personal budget planning is important

Personal budget planning is very important. Anyone who earns a paycheck needs to have a good budget. They need to know where their money is going and how much they spend on each item. The first thing someone should do for personal budget planning is figure out how much they bring in each month. This will be easy if they get a regular paycheck. It might be a little more difficult if they are paid on commission. They also need to make a list of every single expense they have. This will include any bills or credit card payments. It will also include how much they spend on food, going out to eat and any other extras they might have. Continue reading

What are annuities?

What are annuities

In its simplest form, or at least as simple as anything in the world of finance can be, annuity refers to a permanent income provided by a lender in exchange for a fixed sum of money or person to the pension fund issue. Until recently, it was possible for someone to buy your pension from the age of 50 and 75, but 2010 saw the bottom of the ladder over 55 years. Before removing an annuity, it is possible for a retiree to take up to 25% of its funds as a lump sum of retirement, while tax-free. Continue reading