Important Tips for First Time Home Buyer

Buying your first home is an exciting time filled with anticipation and dreams of the happy days that lay ahead. But, don’t let your excitement cloud your vision. Thinking clearly now will save you unexpected headaches in the future.

How much house can you really afford? Your first step towards owning your own home is finding out exactly how much home you can afford. The National Foundation for Credit Counseling  (NFCC) recommends that you spend no more than 25 to 28 percent of your net monthly income on mortgage, property taxes and insurance.

Once you calculate this figure, you can quickly calculate a price range by using an online calculators such as Market Watch’s Home Buyers Worksheet.

Your Home’s Fair Market Value

Keep in mind that you will also need to pay closing costs that typically amount to 2 to 3 percent of the purchase price.

Decide on the type of home you want.

Sometimes new home buyers set out with the goal to buy a house without considering the kind of house that they really want or knowing what will really meet their needs. Sitting down with your spouse and/or family and discussing what features are important to you makes it easier to select a house when the time comes.

Make a list of the features you simply can’t live without – like a big backyard for the kids or a roomy laundry room; features you’d like to have – like that walk-in closet or cathedral ceilings,  but don’t need: and the dream features – like the full size greenhouse in the back or that in-ground pool. While dream items may seem out of your reach, adding them to the list gives you something to shoot for and you never know when a great opportunity may surface.

Shop Around:

Now that you have a price range to aim for and know what you want in a house, it’s time to begin shopping around to see what is available and how the prices compare to your price range. Keep in mind that property value varies and two similar houses in different neighborhoods may have significantly different price tags.   Also consult with various real estate agents to see the different pricing options that are being offered.  A quote from Century 21 may vary from a quote from a local company like Right Residential.

Consider the neighborhood: 

Take a drive through the neighborhood at varying times of day. What appears to be a tranquil haven during the day may suddenly turn into chaos after kids are home from school and people are out of work. A late night trip through the neighbor might reveal activity you don’t want your kids to be exposed to.

Explore Community Resources:

Check out the reputation of schools and explore neighborhood parks – again a late night trip might be a good idea. If possible, talk to neighbors or others whose kids attend the schools to get a personal opinion.

Check for libraries, museums, shopping areas, dry cleaners and any other services you use on a regular basis. Although having to travel across town to the cleaners may not be the deciding factor in the home you purchase, it will affect your life once you move in.

Watch for Red Flags:

Keeping your eyes open for potential problems with the house or property can prevent you from expensive repairs in the future. If any rooms are off limits during your initial walkthrough, do not sign anything until you’ve had a chance to explore all areas of the home – including the attic and basement. Hidden plumbing or structural problems can cost a fortune to repair. Watch for signs of water damage, structural damage or signs of recent repairs, as these may indicate an existing problem with the property.

Avoid Quick decisions:

Avoid making a decision before discussing it with your spouse and weighing the options. What seems like a great deal may have hidden costs such a longer commute to work, the need for landscaping or renovations to the home.  Weigh all you options before making a decision you will have to live with for years.

Avoid Settling:

Sometimes, new homebuyers are so eager to buy a place of their own that they choose a house that really isn’t what they wanted and end up living in a house that simply doesn’t meet their needs. Although you may not find your dream house, taking the time to find the house that is right for you will bring you years of happiness.


Not matter how you look at it, there are likely to be some areas of compromise when you are buying a new house. You will likely need to make some tough decisions, such as choosing between a great neighborhood with a higher price tag or living in a decent neighborhood and paying a lower mortgage.  The choices aren’t always easy, but entering the home buying arena with the expectation that some compromises will be necessary puts you in a position to make sound decisions that will last you a lifetime.

Things to Consider Before Lending Your Car – Think Twice

There are some things to consider before lending your car, your car is typically the next most valuable asset besides the home. The next time anyone asks to use your vehicle, think hard before simply saying ‘yes’. Just because they are a close friend or family might not all end well.

To lend your car to someone relies heavily on trust and a big decision to do so. Whether you are letting them to drive the car when you’re there or even for a few days, to go to the shops or to go on a road trip. It can be tough to say no – but Besides trust there are other rational factors you must consider.

Before Lending Your Car

Should I Lend My Car? – Things To Consider Before Lending Your Car

Their Driving Skills

This may come as a no-brainer but should naturally be the first thing you consider. How long have you known them? It would only be plausible that you ideally lend your car to those that drive safely, stick to the speed limits, obey the road rules and generally have not been in many incidents where they are at fault. This includes speeding fines and even parking tickets.

You should have already been in the car with them beforehand and have taken notice to their driving skills. You should not lend your car to anyone without a valid driver’s license and make sure that they are legally allowed to drive.

Are they able to drive your car specifically? Whether it be manual, auto, low, high, trailer, AWD, front-wheel or rear-wheel. And bluntly, is your car in good shape and even safe to lend? Make sure that the car service has been completed and that all lights are working along with tyres, automotive batteries and fluids.

Why Do They Need The Car?

If their driving skills are acceptable, consider why they need the car and what they will be using it for. How necessary is the reason, is it for going to the shops when they are lazy to to take the public transport or because they need to go somewhere that is inaccessible or visiting a sick relative.

Most definitely, you should also note if they would be up to no good with the car. As you may be charged as an accomplice to any offenses that may happen. You can also note the odometer reading before and after to be extra cautious.

Will they Pay Up?

Always consider that they may get into an accident, because you could be found financially responsible. Will they be able to afford the excess and pay up. Make sure that they know the insurance only covers the vehicle and not the actual driver if they were at fault. You might need to review your policy just to make sure. Some insurance companies like NRMA may cover any other driver even though they are not named on the policy of the vehicle as long as they cough up the excess. Make sure you ask them if they would be liable or would be able to use their personal insurance. But even if they say so at the time, there is no guarantee that they would make the payment afterwards. It is up to your discretion.

And if an unfortunate event does occur and they do pay up, even though you have a good record, your insurance premium would be going up.

More About Them

This isn’t such a heavy factor but you would ideally want your car to be returned the way it was when you lent it. So, are they tidy as a person? You wouldn’t want your car coming back with food scraps and rubbish, putting your own time to cleaning up their mess. Or do they have common courtesy, for petrol or whatever they may use, would they reimburse you?

These simple factors could also be deal breakers when lending your car.

Final Words

These are some of the most essential things to consider before lending your car. You have all the rights to say no if it is your vehicle and refuse anyone that may ask. Being lenient all the time can also make it a habit for the borrower, and with some insurance, any unnamed drivers are not covered and able to use the vehicle on a regular basis. Be careful on who gets permission and who does not get access to the car as this could change relationships whether it is family or friends. Make sure you agree clearly on who, when and how they would be using it. It would also be beneficial to have proof of the dates if anything were to arise.

How to Determine Your Home’s Fair Market Value?

The Fair Market Value of a home is the price at which reasonably well-informed buyers and sellers are willing to do business. It is based on a number of factors, including the house’s floor plan, location, and condition, as well as the local real estate market. It’s important for you and your agent to know the FMV because inaccurate pricing and appraisal issues are among the top reasons home sales fall through. Setting too high a price will limit interest and discourage buyers; too low a price can suggest there is something wrong with the house. An accurate listing price will get the most potential buyers to take a look, and the more who do, the more offers you are likely to get.
Your Home’s Fair Market Value

Methods for Determining FMV

One way, used less often and mostly for new homes, is the cost method. This method appraises the cost of land, building the house, renovations done, etc. and subtracts the depreciation to arrive at the fair market value. It can be a useful method in the absence of sales data from the neighborhood.
But the most common way to determine fair market value is the comparison method, sometimes called a Comparable Market Analysis. This method calculates FMV by comparing your house with similar ones sold recently in your immediate area. Despite what a seller may have invested in a house, a CMA will give you and your agent a realistic context for how to price your home for sale. Knowing the “highs” and “lows” in your neighborhood may allow you both to agree on a “golden spot” in the middle that will really attract buyers.

Pros and Cons of DIY Fair Market Value

There are several online tools that you can use to determine Fair Market Value. But be careful: although a good place to start for a “ballpark” figure, these tools may not be using the best and most updated information.
You can use websites such as RealtyTrac, the local tax assessor’s site, or even a newspaper to find the data for a CMA. Look at recent local sales for: the sale dates, the square footage, the number of bedrooms and baths, the total acreage, and the year the homes were built. But remember that real estate markets can change quickly, and your data can go out of date just as fast.
There are also websites that offer an AVM, or Automated Valuation Model. Analyzing a number of variables in millions of real estate transactions, they predict your estimated FMV. It’s surprising to think that such a vast quantity of information could still be limited, but AVMs have no way of factoring in the unique features of your particular house, such as the great view or extra bathroom you just installed.

Your Agent is Your Best FMV Source

To move beyond a “ballpark” fair market value, your best resource is your real estate agent, because she has experience with and the most complete information about home sales in your neighborhood. Not only is she right there to consider your view and new bathroom, she will know about specifics, like new city ordinances, and abstract factors like walkability. Her CMA is going to lead to the most accurate FMV.
Not only that, but your agent can help you increase the fair market value of your home by advising on repairs, quality low-cost updates, curb appeal, etc. He’s the one who will know whether insulating the attic is competitive in your area, or how much landscaping to do at the time of year you’re selling. And he will spot the mistakes to avoid, whether it’s that pale purple bedroom or just overgrown shrubs blocking your natural light.
A local agent with a great track record is your best source for getting an accurate fair market value, and for getting the interest and offers it leads to.

Top Reasons Why a Small Business Budget Might Fail

The number one reason that a small business budget might fail is that there, in fact, is no budget, at least not a proper one. There are some basic rules you must follow when creating your small business budget. Remember that a budget gives you the facts you need in order to make an informed decision when planning your next business venture. It is not set in stone. A budget is a learning tool.
There are times where a business may find its cash-flow dip or expenses. During those times a company could use immediate financing to help bridge liabilities. To help deal with these immediate funding needs, there are lenders that provide same day approved business loans.
Small Business Budget

Be Aware of Changes

The price of a certain item might rise or fall. Your bills are not the same each and every month. It is not easy to accurately estimate the cost of most things that you buy or pay for, unless they are equal monthly payments. Budgets can be adjusted to accommodate new payments, or money can be redistributed. Analyze not only last month’s budget, but historical data as well and see whether anything needs to be changed. Budgeting is not something that you can do once a year, it is a process that constantly needs to be reviewed and revised in order to give the best results.

Factor in Yearly Expenses

Another danger to the small business budget are forgotten expenses. Often we forget to include the little things such as meals. Other times they are bills which are not paid on a regular basis such as annual fees or memberships. When planning your budget, list your annual expenses as well as your monthly expenses. These payments could seriously affect your budget in the long run. You could wind up on top of it one month, and completely in the red the next.

Control Your Urge to Splurge

The more rigged the budget, the more likely we are to want to treat ourselves to something we simply cannot afford. Staying within budget is difficult and we deserve a reward. As obvious as it may sound, but only being realistic can help fight this urge. If you are used to spending a certain amount on an item, it is unlikely that you will be able to go cold-turkey. It is however realistic to lower the budget for that expenditure. If at the end of the month you have saved money on one expense, does it mean that you should invest in something new or unplanned? Sometimes it is better to practice self-control, better to stick to the rules, your business’ bank account will thank you later.

Plan For Emergencies

Surprise! Emergencies could be as simple as a technical malfunction that needs repair or as serious as a car wreck. The bottom line is that not only will you need funds allocated for the repair, but you may be unable to work for a period of time. You never know what could happen. You may find yourself out of business for a number of days. Sometimes we forget that accidents happen. You are going to need a rainy day fund just in case. Make sure your budget has some leeway in case of financial distress.

Get Some Sound Advice

Being the owner of a small business, your focus is primarily on your product or services and how to please your customers. Budgeting is not enjoyable, it is stressful, time consuming and prone to change. For most of us financial planning is a trip in uncharted waters. Despite our best efforts, life can be unpredictable. Sometimes it is best to consult professionals. If the situation is out of control, contact creditors voluntary liquidation experts. Get the professional advice you need to get your company back on its feet and under control.

Change Your Approach To Budgeting

If keeping track of the budget feels dreadful and like a heavy burden, it could be a good indicator it’s time to search for a new method of tracking your expenses. Many suggest that using the latest technology eases the process of keeping the budget on track, however, if you’re not tech savvy this could come as a punishment rather than as a help. Going back to basics and keeping old receipts in an envelope while noting down every expense in a budget journal could be a great alternative.

Invest In Software

Budgeting systems sometimes come with their own set of complications. Make sure that the one you have chosen is simple enough for all of your employees to have access and be able to update, instead of everything going though you. In the long run, the program should help you save energy, time, resources and help eliminate unforeseen expenses while streamlining the process of creating a budget.
Once you have created a sound budget, you should be satisfied with how you have chosen to spend your money. There will be some restrictions, but you are now in control. Have a system in place to help you identify any problems along the way and modify your budget accordingly.

What Not To Do With Your Credit Card When You Take A New One Out?

Getting a new credit card can create a nice feeling of accomplishment and opportunity. Maybe it’s your first card, which can feel especially gratifying. You’ve been approved by a credit card company and issued your new card. It probably has all sorts of benefits that make it better than previous cards you may have had, for one reason or another. Maybe there are bonus points for certain purchases like gas or groceries; or the new card could offer zero-interest for a certain period of time or on balance transfers. The advantageous could be numerable.
More than likely, the way you use your new credit card will vary based on the reasons you first applied. You may be planning some large expenses – like redoing a bathroom or refurbishing an apartment – which could make 0% interest for 15 or 20 months attractive.
You may have a new job that requires a lot of travel and a new card that will allow you to maximum benefits from airline purchases.
Credit Card
No matter why you got your new card, there are some things that should be almost universally avoided.

Balance transfers from previous cards.

Unless your new card has 0% APR and your intent is to stop using your old credit card, don’t transfer a balance from one card to another. Doing so doesn’t reflect responsible use of credit, unless transferring a balance significantly lowers your effective interest rate. It’s better for you to pay off balances. In fact, ideally, you shouldn’t be carrying a balance at all. You should be paying off every card in full at the end of each month.

Run up a large balance.

Nothing demonstrates to credit companies less ability to use credit responsibly than getting a new card and immediately accumulating a large balance. Very simply, don’t make charges to your card that you can’t afford to pay off at the end of the month. For some experienced credit card users with long credit histories, there are a couple of exceptions to this rule – including if you plan to take advantage of a low introductory interest rate to finance large expenses. Regardless, it’s a terrible idea to look at a new credit card as an excuse to go on a shopping spree.

Use a card for something other than its intended purpose.

Some people get a card to help finance large purchases, which can be beneficial in some instances for those who have demonstrated an ability to use credit responsibly. Various cards can offer 0% Introductory APR, which can be helpful for carrying a balance before later rolling any unpaid portions into line of credit or paying out of savings. If this is your intent, however, you shouldn’t spend money on a bunch of other things and not leave yourself enough credit for your intended purchases. Similarly, if you have cards that specifically provided benefits for airline purchases, groceries or gas, try to use cards in ways that match their intended benefits – that’s just a smart way to accumulate points or other rewards, and to be conscious of your spending.

Failing to pay the balance on a new card.

It’s not uncommon for people to carry a small balance on credit cards from month-to-month, but doing so is typically poor judgment. It demonstrates irresponsible use of credit, and can bring down your credit score if you carry a balance that’s too high relative to credit limit. Credit companies use this ratio, known as “credit utilization rate,” as one of the factors to establish your credit score. Always be sure to pay off your cards in full when you get a statement, especially for a new card. To keep from hurting your credit card score, you should never use more than about 30% of the credit available to you at any given time.

Cancel old cards right away.

Once you get a new card, don’t immediately cancel all your previous cards, as this can also hurt your credit score. By limiting the amount of credit available to you, you can indirectly raise your “credit utilization rate.” Besides, credit companies like to see a certain number of credit accounts open to know that you can responsibly handle credit.
Getting a new credit card, especially one with benefits that match your needs, can be an incredibly intelligent step. When used properly, credit cards can have tremendous advantages for facilitating transactions and improving your credit score over time, as well as numerous ancillary benefits. In order to make the most of any card, however, it’s important not only to use it when and how appropriate, but to specifically avoid many potential missteps including those listed above.

Three Common Financial Planning Mistakes to Avoid

Almost all individuals have dreams for the future, whether it is a 7-year-old wanting to be an astronaut or a 21-year-old wanting to be a judge.  We all have a desire to achieve a goal of some sort in our lives; however, reaching the goal is not a simple task.  Before a person can become an astronaut or judge, it is important to take note of the basic goals that need to be met such as purchasing a home.
Most people say that the best things in life are free, but The Flying Lizards were right when they said that they need money.  Money can assist in obtaining items to help achieve goals, and the right financial plan can contribute to making money “work for you.” Of course, financial planning is not a simple task, and various factors need to be taken into account.
Common Financial Planning Mistakes
This article will provide information on the top three financial planning mistakes to avoid, according to a top Los Angeles financial planner.

Not Working According To A Budget

Being aware of your financial situation is essential when developing a strong financial plan with a Los Angeles financial planner. A budget is a highly important factor to take into account when conducting any financial plan because it will help you have an idea of the amount of money you have at your disposal. Furthermore, reviewing and maintaining a budget can ensure that you will be able to set aside extra cash should any financial emergencies arise.
Unfortunately, the majority of young people do not maintain and adhere to budgets. This is due to various reasons, but primarily because they think it is not worth their time. Sadly, by avoiding a budget, it is not possible to “keep an eye” on income and expenses; therefore, it is not possible to learn how much is being spent on entertainment, food, and cable. Without an awareness of these costs, it is impossible to learn where to save and how to cut down on costs.

Using Savings for Non-Emergency Requirements

The majority of people will have a savings account, regardless of how small or large it may be. In many cases, this savings account will be considered a retirement account and beneficial financial planning promote placing small amounts of cash into the account on a monthly basis. Financial planners also advise that you do not use the money avoiding any use of this saving for your retirement years.
Unfortunately, there are emergency situations that may require the use of money in a savings account such as hospital visits or property repairs. In these circumstances, the use of savings can be justified; however, some individuals opt to use savings for non-emergency reasons without replacing the funds. This is a behavior that should be avoided if you are planning on creating a beneficial financial plan.

Setting and Forgetting Financial Investments

The third most common financial planning mistake to avoid is setting and forgetting financial investments.  Investing in financial investments can be beneficial, but it is important that you review the investments on a regular basis. This is due to life progresses influencing the investment and potentially minimizing investment potential. To deal with this issue effectively, it is recommended that you contact a certified financial planner.
Thanks to our friend and financial advisor in Los Angeles, Samuel Rad, for his insight on top three financial planning mistakes to avoid. Sam is a Certified Financial Planner in Los Angeles and has a wide range of knowledge about personal financial issues. He has helped many people meet their financial goals.

The True Worth of Frequent Flyer Miles

You may often wonder what is the actual worth of all the frequent flyer miles that you receive from different companies. The flying miles were important back in the day and this meant that free miles were always the right kind of award for loyal customers.
However, with many airlines opening up alliances and presenting the various categories of awards, the value of these programs has changed significantly.
Frequent Flyer Miles
As long as you use frequent flyer points it’s worth taking a look at how the modern frequent flyer miles are used and then discuss a few important elements that describe their actual value.

Modern Frequent Flyer Miles

Modern miles are not that easy to use in actual scenarios. Mileage programs can be difficult to use because with most flights being full, they can only be applied for journeys that have been planned in advance.

The Redeeming Process

The most important element is the redeeming process which may be different in different airlines and credit card programs. Points are often redeemed in terms of different cabin rewards and therefore you cannot compare them directly with the price of the actual airline tickets.
Only a person who is flexible and able to travel to a number of destinations can truly reap the benefits of frequent flyer miles. There is no rate of return in these programs, just like other investments; therefore you need to understand the actual value of the available offers. Moreover, there is also a risk of devaluing your points when you use them later.

Transfer Options

There are many frequent flyer programs that allow you to transfer your credits to different airlines. The best way to go about this is to select the airline where you can actually use the miles for the journey that you are going to make.
Frequent flyer miles are only worth their actual value if they are able to get transferred in a proper manner. These miles are truly valuable, if you are able to use them on any flight. If the airline forces you to only employ them on certain flights, then they lose their maximum potential.

Other Rewards

You can certainly be amazed to find that frequent flyer miles can easily convert to other rewards. Many programs allow you to set up a credit card and receive benefits in terms of being able to spend just like a cash back that you receive with credit card offers.
There are other awards, such as the ability to buy different online items. All these awards are delivered by creating a managing account and then transferring the points in order to buy items from different partners of the program.

Frequent Flyer Management

Most people are not aware of the ways to manage the flyer miles they are receiving under different credit card and airline programs. It can be overwhelming to understand and manage the values of different programs. However, there is an excellent solution to this problem.
You can use a special program, which allows you to manage your different frequent flyer miles. This program provides an advantage to get different deals.

A Secretive Policy to Grow Rich after Retirement

Are you on verge of retirement? Or, you are planning to retire early? Have you ever realized that if you keep on withdrawing from 5 – 7 percent of your savings every month, then you may fell short of funds even before your retirement? Well, this concern may have compelled to raise your eyebrows, but remember to become wealthy at the time of your retirement, what matters the most is how wisely you have optimized your investment portfolio and to what extent benefits you have estimated out of your investments.

Are you worried of outliving your income? Relax, that won’t happen unless you opt for any investment scheme haphazardly and focusing only on short term gains! It’s about the financial security of your old age, so investment should be absolutely worthwhile. Have you ever thought of investing in an annuity?

Grow Rich after Retirement

Indeed, Annuity can truly be a smart investment plan, provided you are purchasing the annuity from an insurance company who has proven track record of many satisfied clients. It’s always wise to approach an annuity providing company itself rather than opting for a scheme through an agent.

You can invest in accordance with your financial plan and current savings. If you have saved quite a huge amount over a quite a long time, it’s the time to earn some real value out of it. So, you can invest lump sum and start receiving returns almost immediately! Or, if you want to invest to over a certain period of time and opt for a fixed scale of return. Well, let’s delve a bit deeper into the types of annuity and you yourself can choose the right one for you:

Variable Annuity:

It is a type of annuity contract in which you choose the investment scheme and earn based on the performance of your investment. Not satisfactory? Well, before planning to invest, be sure that the company is providing you the prospectus with clarified scenario of risk factors and potential growth opportunities of the scheme. If you yourself find it to be bit undecipherable, then please consult some of your known investment consultants or discuss with your colleagues who have already been benefited from that scheme. Well, know let’s look at the pros and cons of variable annuity:

Pros: One of the most advantageous aspects of variable annuity over mutual funds is the guaranteed death benefit.  Irrespective of the performance of subaccounts, death benefit ensures that annuity owners’ beneficiaries are no less than the initial investment. Some variable annuity offers minimum rate guarantee return even if the subaccount suffers loss for a year.

Cons: Before deciding to invest in a variable annuity, think of it as a long term investment. Opt for this scheme, when your retirement year is still ample time away.  It has limitation of withdrawal; majority of the companies offers one time withdrawal in every year. There is a surrender period of contract, which may approximately last for 15 years. If you decide to withdraw some amount within that period, then surrender charge is applicable. Variable annuities are tax deferred investments, so withdrawals are taxed as ordinary income (earnings of a salaried person). Any amount of withdrawal prior to the age of 59 is subjected to 10% tax penalty.

Immediate Annuity:

An annuity scheme which begins with a bulk investment and earning starts almost immediately. This is perhaps most suitable for retired individuals who are afraid of outliving their savings! This scheme of annuity ensures a guaranteed return within almost no time of investment. Well, that seems to be an advantageous aspect, right? Okay, and then let’s look at the pros and cons of this annuity scheme:

Pros: Your investment gets converted into a guaranteed streamline of income and you really don’t have to wait! If you have enough of savings with matured policies along with provident fund and gratuity, then invest a smart proportion of it into this scheme and never ever you have to worry about outliving your savings.

Cons: This investment scheme is irrevocable, once you have invested. So, if an annuitant needs a lump sum amount to deal with an emergency, he/she may run short of fund.

Fixed Annuity:

This is the best investment scheme for those who are just about to retire or have already retired. In lieu of a bulk capital, the insurance companies offer a guaranteed fixed rate of interest guarantying the principal investment.

Let’s focus on the key features of fixed annuity:

  • Guaranteed Minimum Rates: No sooner the initial guarantee period expires, the rate is calculated on a specific formula (depends on the company) or the amount which is earned in the insurer’s account.
  • Tax Deferred Growth: Tax deferred accumulation of earnings.
  • Withdrawal: 1 withdrawal every year up to 10 percent of total account value.
  • Guaranteed Income: Fixed annuities can be converted into immediate annuity at anytime to generate a guaranteed income for a specified time span or lifetime.
  • Safety of Principal: The capital invested is guaranteed by the life insurance company.

Fixed Indexed:

This scheme offers returns on investment based on specified equity based index. It also provides a specified minimum, which the value mentioned in the contract will not fall below, irrespective of index performance. It’s not a stock market investment and does not participate in any stock or equity investment.

Do you need an annuity? Ask yourself few questions

  • What’s the crisis that’s troubling you and what amount you need to breathe easy
  • Do any of the annuity actually provides a solution to what you need
  • Is there any alternative to annuity
  • Consider the capital differences, time span , and what-if scenarios seriously

Retirement is worth of cherishing after tedious years of hustle and bustle, woes and worries! Take the right stride at right time and be ensured of a rejuvenating retired life.

How to Stay Afloat When You're Unemployed

If you’re recently unemployed, you’re probably feeling worried and fretting about expenses. It’s hard to say how long you’ll face unemployment, unless you were laid off with a clear return date. It could be a short-term or long-term period of job loss.
Most experts agree that you should plan for at least a six-month period of unemployment, unless you’re positive you’ll return to work sooner. This guide is designed to help ease the stress of unemployment by preparing you financially. Unemployment doesn’t have to financially cripple you; actually, it can be a positive time of renewal and reinvention if you’re prepared.
When You re Unemployed

Apply for Unemployment Benefits ASAP

Don’t wait to sign up for unemployment benefits. Even if you’re going to receive another check from your job, it takes time to get you into system, so apply for benefits asap. Plus, employment offices typically provide you with job search resources. GA unemployment lists job training, employment workshops, job expos, and resume assistance among the resources they offer.  
Unemployment benefits won’t start paying out until you stop receiving payroll checks; however, you can register the day you lose your job. This is going to help ensure there aren’t long gaps where you’re not receiving money.

Defer Your Debt

Oftentimes, loans and credit cards will allow you to participate in a deferment if you’re unexpectedly unemployed. These deferments may be complete or partial. A complete deferment would mean you pay nothing until you gain employment. A partial deferment will lower your payments until such a time as you can afford to pay more. Not all deferments work this way; some allow for a very specific time period, such as three months, which means you’ll want to work diligently to regain employment during this deferment period, or at least save enough money to make your payments when they resume.  

Slash Your Budget

The secret to building savings, even when you’re unemployed, is knowing where to cut back. If you don’t already have a budget built, use Excel to create one or The Daily Muse’s budget tool. You’re going to want to slash unnecessary expenses, such as dining out and premium cable channels. This isn’t a time for luxuries, which isn’t much fun, but if you’re diligent now you can resume extraneous spending when you’re employed later.

Adjust Your Health Care

If you have a family, you may not be able to reduce your medical insurance costs, but if you’re a healthy individual this is an area where you can definitely save. warns that COBRA is expensive, but it’s what it usually offered post-job loss. Instead of going the expensive route, consider a “bare-bones major medical plan… The Web sites (a Bankrate company), and offer good options.” Your state may also have a state or federally funded, such as Medicaid, program for low-income individuals.

Make a Plan For Your Job Search

The reporters at have some great advice for putting together a job search plan. They warn it won’t be easy to find a job, but with effort you’ll land something worthwhile. “…finding a new job is probably going to take at least a few weeks and maybe months.” It’s important that you’re realistic about this, so you can financially prepare yourself.
Unemployment will insist you apply for a certain amount of jobs per week or month, but they can’t tell you where to apply. If you apply to something you’re overqualified for, you may get the job, but will it be worth it? If you decline the job you could lose your benefits, so consider every application you submit very carefully.  
Overall, if you’re diligent and careful with your money, you’ll be okay. Try not to get bogged down by depression; most people face unemployment at least once in their life. Also, it may be a good idea to take advantage of this time by participating in job training or returning to college. You have options and resources, and you’re going to get through this.  

Discover Your Wells Fargo Routing Number When You'll Require It

The American Bankers Organization produced the bank routing number in 1910 as a method to refine paper checks and enable financial institutions and credit history unions to accurately send and get funds to and from various other monetary establishments. Some banks have different routing numbers for digital and paper purchases because cord transfer settlements and digital purchase identifiers are managed in a different way from paper checks.

Routing Number for Checking, Savings, and Loan

The routing number is based on where you initially opened your account. If you are looking for your account number, review your account statement, visit a Wells Fargo financial area, or look for the collection of numbers to the right of the routing number on your checks. Your bank routing number shows up on the reduced left-hand corner of your checks. The first two routing numbers suggest in which of 12 Federal Reserve Bank districts the bank is located. The next 2 numbers represent the Federal Reserve Bank area branch– or Federal Get check-processing center– appointed to your bank.
Wells Fargo Routing Number

How to find a routing number on a check

Both the routing number and account number are utilized to take out cash from your account. Do not share your account number with others unless you rely on the connection they make with your Wells Fargo Checking account. On checks, bank routing numbers are a multi-digit secret that comes right before your bank account number. Both numbers are detailed under the left corner of the check.
Take a look at the photo below and see the bottom left where you could find your financial institution routing number on a check. Wire transfers normally occur quicker compared to other financial institution deals. Because wire transfers are a top priority, they have separate routing numbers so they could be processed differently.

Exactly what is a routing number?

A Bank ABA “routing numbers” or “examine routing number” (ABA) is a 9 digit code utilized in the United States to ID the establishment where money is attracted. Routing numbers are also called “routing transit numbers” (RTN). They could be made use of for numerous transaction kinds including cable transfers, checks, and electronic (straight transferring/ automobile payments). It provides several services consisting of Monitoring and Interest-bearing accounts.

Exactly what is a wire number?

People could wire loan right into your wells fargo routing number if you supply them with your account number and wire transfer routing number which is supplied on this web page.  Worth Priced from $5.49 with Free Shipping! Wells Fargo Financial institution (also referred to as JP Morgan Wells Fargo) is an American bank founded in 1852 with head office in San Francisco. Wells Fargo Financial Institution Routing Figures provides routing numbers for Wells Fargo’s monitoring and interest-bearing accounts.

Listen to this episode to find out:

Style thinking methods utilized by Wells Fargo that spark imagination and creative problem-solving in staff members’ minds. Exactly how “integrated understandings” could create a psychological connection to clients and present diverse point of views. Why getting the most out of customer data needs storytelling and synthesis. The ninth digit stands for a mathematical computation made use of to confirm the precision of the routing number.