Home ownership is the dream of most people. It represents the pinnacle of your accomplishments and the fulfillment of “The Great Australian Dream”. But wanting a home and actually owning one is a decision that requires serious thought. Home ownership is a transformative experience. It’s a great feeling and a monumental accomplishment but it also carries tremendous responsibilities. Thus, there are things you have to do before and after buying a new house.
5 Things to do Before Buying a New House
5 Things to Do After Buying a New House
Felix works with the Flint buyer’s agent. He often blogs about real estate and businesses.
The numbers are staggering. An astounding $14 trillion retirement crisis is looming for millions of Americans. Nearly a third of the workforce does not own a single retirement account – not a 401(k), not an individual retirement account (IRA). Of those who do own a retirement account, the median account balance is a mere $3,000. Rising costs, longer lives and the very human tendency to not worry about it because it’ll all turn out OK in the end is driving the numbers. There are ways to fix the retirement savings crisis before it’s too late. Here’s how.
If you think your Social Security check will be enough to live on during retirement, think again. The Social Security board of trustees anticipates that by the year 2035, all excess cash reserves will be gone. Benefits could be cut as well. Even if neither of these events occur, Social Security benefits will barely touch your living expenses. You need more.
If you don’t participate in an employer-sponsored IRA or 401(k)plan, sign up if your company offers one. You have to start somewhere and automatic contributions are a great way to do just that.
One 401(k) or IRA is not enough to live a comfortable retirement. Investment portfolio management, retirement savings management and strategy development are all services a professional provides to help you achieve your financial goals. A professional looks at where you are now, what you have to do to live a comfortable retirement and develops a plan to get you there. Professionals recommend the investments that work best for you, no matter what your age or financial picture. A retirement manager creates a customized solution that may include mutual funds, ETFs, annuities and other types of investments. If you’re older and starting to save late in the game, you may be reluctant to seek the help of a professional. You may feel embarrassed or ashamed, but there’s no need. Retirement planners are there to help and many have successfully helped clients in your situation – or, at least the financial planner you work with should be experienced in helping others in your situation. In fact, if you’re starting late, you need the expert advice a professional retirement planner brings to the table.
One of the biggest reasons for the retirement savings crisis is the longer and overall healthier lives of today’s population. The amount of savings needed now far outpaces what used to be the norm. What’s a great way to improve your own retirement outlook? By working longer. There are potential problems with working harder, however. Economist David Neumark’s research indicates that employers tend to discriminate against older workers. And, there’s the problem of health issues as people age. Still, if at all possible, working longer ensures a more comfortable retirement when the time comes.
It’s much easier to do nothing and hope it all comes together in the end. But, the longer you put off, the less you’ll have later on. If you take steps now to increase your savings and reduce spending, you can avoid becoming part of the retirement savings crisis.
Gabby Revel, Founder, writer, editor & administrator at Fertile Content, is a freelance writer who specializes in lifestyle topics, as well as science and technology, investing, and personal finance. She also has a passion for adorable dogs of all kinds. She currently lives in the San Francisco Bay Area.
Brad Thor Changes His Mind:
This is not easy news (especially for a #NeverTrump stalwart) to deliver.America, you have cancer. And it’s bad – really bad. It’s aggressive. It has spread throughout most of your body and it’s continuing its march.
How much time do we have left? Less than three months.
Is there a cure? We’re not completely sure, but there are two alternatives:
The first is a decades-old generic, lacking any potency whatsoever. Studies have shown that Drug #1 not only won’t cure the cancer, but that it will actually strengthen it and speed our death. Drug #1 offers no upside whatsoever.
Drug #2 is being offered out of a clinic in Mexico. It claims to be a surefire, can’t lose, 100% guaranteed treatment. The clinic, though, is run by pockmarked, gold-toothed, oily-haired- men in bad suits with absolutely no medical backgrounds. They ogle your wife and daughter incessantly anytime you drop by for more information, and are constantly trying to upsell you into an oceanfront timeshare.
So, which drug should we choose?
Drug #1 will kill us – no question. Drug #2 might kill us, but it also might:
A) Slow the cancer, or even
B) Cure the cancer
It’s a lot to hope for, I know, but hope is all we have left. We have exhausted every other avenue. Make no mistake – I believe one hundred percent in standing on principle. Principle, in this case though, will not cure cancer.
Sadly, that crappy clinic south of the border is starting to look like our only option.
Print Length: 251 pages
Publication Date: April 27, 2016
Sold by: Amazon Digital Services LLC
Imagine you open your bank statement online and see $100,000 more in your account than the $1,000 you thought you had. Imagine checks rolling in to the point that you now have $500 Million and still it rolls in. And at the same time someone is sending checks out to needy recipients with a note that says “for your cancer treatment” and you didn’t know you had cancer…yet.
Where is the money coming from? Who is doing this to you? And why are all kinds of thugs after you?
“The Check” is a good story, about using computer technology and data mining to siphon funds from bank accounts of drug dealers, criminals, and corrupt government officials (is that redundant?).
I have some nits with the editing, but who finds a manuscript without a few typos? I liked the book, and if Harmony has another book in him, I would give it a go.
Right now, the earthquake swarm at Mt. Hood is centeredjust to the south of the main edifice (see below) and most of the earthquakes are between 3 and 5 kilometers below the surface. This is likely the zone where magma is being staged as it ascends from its source. Research by Adam Kent and others (including myself) has found that the magmatic system beneath Hood is likely dominated by a big pile of high silica crystals and magma (the crystal mush) that then interacts with new, hotter and less silica-rich magma that intrudes, producing a hybrid magma that compositionally is in between the two. These earthquakes may be a sign of new magma rising and stalling in that “crystal mush”—but very little of the time is the system in a state that it can erupt.
“Rosland Capital, a premier precious metals asset firm, is your go-to gold, silver, platinum and palladium resource. Founded on honesty, high-quality customer service and public education, Rosland Capital exists to educate you on the benefits of strengthening your assets and diversifying your portfolio.
Whether you are looking to safeguard your retirement savings, hedge against inflation or against potential stock market volatility, Rosland Capital offers precious metals in physical form, precious metal-backed IRAs, and the knowledge base you need to realize the benefits of precious metals.
The graphic below is an additional resource developed to help guide those who are seeking insight on the various savings and investment options for retirement.”
Cindy Yeap / The Edge Malaysia discusses “What does the new frontier of negative interest rates in the global arena mean for investors?”
“For RHB Research Institute executive chairman and chief economist Lim Chee Sing, NIRP “can only be seen as a temporary expedient to hold up financial markets”, albeit one that has little room to push for more economic growth in this relatively mature stage of the growth cycle.
“That means rising investment premiums and heightened market volatility will likely be the order of the day in the days ahead. Portfolio investors may have no choice but to build some degree of defensiveness into their portfolios to balance out the risks. This implies rising appetite for high-yield stocks,” Lim says.
“Even dividend stocks have caveats in the days ahead, largely due to their rich valuations vis-à-vis tougher conditions to grow at the same rate as before. For example, sin stocks might have to contend with higher taxes; the fees for telecommunications spectrum refarming have yet to be revealed; and consumer stocks have to contend with the possibility of a further tightening of consumer spending. Then, there is the higher labour cost.
“The focus should be on stocks with an improved business model, reasonable earnings visibility, strong cash flow, a dividend policy and, thus, sustainable dividend payments. Of course, one cannot ignore valuations but rich valuation stocks are still susceptible to a selldown should the global economy take a turn for the worse,” Lim adds.
“Gerald Ambrose, CEO of Aberdeen Islamic Asset Management Sdn Bhd, too, noted expensive valuations after a good run in recent years.
“We are keeping a close eye on notable high-yield companies, like the cellular phone companies, the brewers, tobacco companies and the REITs (real estate investment trusts). We’re currently about halfway though the 4Q2015 results season and to be honest, a lot of the better-managed companies have been able to find efficiencies to enable dividend payout to remain high. However, after outperforming for over a year, a lot of the high dividend yield companies are hardly cheap,” he says.”
BOTTOM LINE: Focus your strategy on yield and gold. Gold is an alternative when interest rates are negative adjusted for taxes and inflation.
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