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Archive for April, 2011

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Tips for Future Financial Planning Portfolio for Retirement Employee

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April 7, 2011 at 7:48 am

Have you ever thought that how you should do future planning for your children? We are now discussing related to the opportunity that you should deploy your future planning. Opportunity means life insurance, mutual funds, equities and fixed deposit should all features are Financial Planning options for your children. And also you make plan for your retirement and other objectives, like as buying property, investment in various industries area and so on.

Mutual Fund:
Nowadays; mutual Fund is the most popular option. Mutual fund is the best option to make money from difference financial services. Investors can invest money in the different segments like gold, equities, debt and also property and various mutual fund schemes. Important thing is that investing and managing your money is need expertise skill. For example: The Fund Manager: Investors can get bunch of benefits by using experience of fund manager by paying a little fee at one time or annually.

Fixed Income:
Fixed income or Fixed Deposit, name itself suggests that fixed income, Get secure return on the maturity of the deposit. Positive point of Fixed Deposit is that investor will get fixed income at the time of maturity. This option is also very popular in different financial services. Fixed income has the capacity to convey a degree of constancy to the Objectives.

PPF:
Usually, Fixed Deposit by Banks has been well-known investment avenues in this part. Same, small investment schemes like PPF (Public Provident Fund) can also aspect in the group.

Life insurance is the one of the basic saving system of this type of portfolio. It is the essential requirement of Every Human being.

After retirement there are the most thing activities Financial Planning will acquire. If you dont know where the money is coming from once you have established working, you wont have a very pleasurable life.

Retirement from the any services which is makes considerable changes in employees life style. Different Occupations have different retirement ages. There are many reasons behind the employees leaving the jobs.

There are many person get so caught up in the hustle and bustle of their daily lives that they dont even consider having a retirement plan until it is too late. This is the main reason to lack of financial planning behind it.

Employees must need to start planning for this important thing. Now in these days, there are many finance company interested to help to employee for their retirement plan through different choices. And also they give much opportunity by conducting seminar for more information on this area. Because of financial companies have made research on the same and make database by gathering sophisticated data. These all companies have a lot of idea behind employees retirement planning.

And finally, we hope these article will give you more finance technique, more investment criteria and tips for financial planning. We hope your future after retirement is bright and your remaining golden year pass with enjoy.

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Why Should You Retire in Thailand?

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April 2, 2011 at 12:27 pm

Retiring in Thailand has been my dream for many, many years. My dream will come true in about 2 years and I am making some serious plans now. I can be anal when planning and there are numerous considerations when planning for the final chapter in your life. I intend to plan everything down to the nitty-gritty details.

Let me preface this by saying that I have been going to Thailand for the past 35 years. I have served there as a soldier and visited numerous times on vacation. I love the people, food, customs and culture and plan to live out my life there.

I have been doing my homework checking out my financial status and how much I will be getting when I hit retirement age. My situation is unusual in that I will get a small pension from my current government job, additional fund from a military retirement in about 4 years, and even more from social security in about 6 years. I also have a 401K and a government equivalent (Thrift Savings Plan) and will also profit from selling my house when I retire.

So, money is no problem. I plan to buy a house in Thailand. Well, actually, lease a house since foreigners cannot legally own land. I dont want to put the property in my girls name because she could potentially sell it and I would have no recourse. There is also a small loophole allowing foreigners to incorporate themselves and lease the property back. I dont trust this one and worry about laws changing and having my property taken out from under me. I will go with the lease or something called a usufruct.

The usufruct I dont entirely understand but I will be meeting with an English speaking lawyer during my trip in March, 2008 and will get all the details. All I know is that it is similar to the lease but has some benefits. I have gotten some email answers but prefer the face to face explanations.

I have had my girl looking for properties so that during my next 3week vacation I will only have to spend a short amount of time looking. So far, I have seen some pictures of nice properties for about $50,000 USD. This is for a 3-bedroom, 2 bath, 2-story place. Will be nice to see them in person and then make my purchase.

The monthly pension/retirement checks will easily take care of my day-to-day needs. Food and drink are cheap as are the utilities for the house. I will be able to have air conditioning and a satellite dish to receive English speaking programs along with the Thai TV shows.

Shopping is dirt cheap so clothes and other daily items will not be a burden. Going out will be very pleasant as a night on the town with dinner, drinks and going out to a club will be less than fifty dollars and that is living large.

Medical plans are available and care is comparable to US or European standards maybe even higher. Prescription drugs can be had over the counter and medical treatment is second to none.

Staying in Thailand legally has gotten easier with the loosening of visa requirements. Foreigners can now get one year visas that are easily renewable. All you have to do is check in every 3 months. Thailand likes expats money even though we cant own land.

Retiring in Thailand will make my life much easier than retiring in Hawaii even if my condo is paid for. The cost of living, the attitude of the Thai people, and the food and culture has me counting the days until April 4th, 2010.

Individual Savings | Tags: , , , , , , , , , , , , , , , , , , ,

The Truth About Direct Deposit- Survey Uncovers Payment Myths

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April 2, 2011 at 9:03 am

Despite 95 percent of Americans having heard or read about identity theft, a new survey reveals that many are unaware of the security differences between direct deposit and paper checks-placing them at greater risk for identity theft and fraud.

The survey, sponsored by the U.S. Department of the Treasury and the Federal Reserve Banks, is the latest public service initiative of the Go Direct campaign. Go Direct aims to motivate people who receive Social Security by paper check to switch to the safer, easier option of direct deposit.

Despite the fact that direct deposit has been around for more than two decades, the survey found that four out of 10 Americans (40 percent) do not use it.

According to the Treasury, direct deposit is simply the best way to receive federal benefits. Direct deposit eliminates the risk of lost or stolen checks, reduces fraud, protects against identity theft and gives people more control over their money. Plus, direct deposit provides people with immediate access to their money from virtually everywhere.

In addition, the survey found many Americans don’t know the facts about safeguarding their money and identity. Key myths about direct deposit and paper checks are:

• MYTH: Sixty-two percent of those surveyed said a paper check with your name on it can only be cashed if you sign or endorse it.

FACT: Checks can be forged-some more easily than others. Payments that come in the mail are especially vulnerable to theft and forgery.

• MYTH: Nearly half of those polled said direct deposit of payments such as wages, salary or government benefits go through the Internet to be deposited into your account.

FACT: Direct deposit works by transferring funds directly into your account through a highly secure electronic banking system-not the Internet. It is the same system used by the world’s leading financial institutions.

• MYTH: Nearly 40 percent of respondents replied false to the statement, “No direct deposit has ever been lost or stolen.”

FACT: The direct deposit system creates records of transactions so payments can be traced, and that means problems-although very rare-are quickly fixed. It’s also a fact that you are 30 times more likely to have a problem with a check than with direct deposit. In 2004, more than 70,000 checks issued by the Treasury fell prey to endorsement forg-eries. These checks totaled more than $61 million.

These are all reasons why the Treasury and the Federal Reserve Banks are encouraging people who receive Social Security and other federal benefits to use direct deposit-the safest, easiest way to get payments. With direct deposit, people can be confident their payment will be in their savings or checking account on their payment day-on time, every time.

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