Category Financial Planning

Getting maximum income drawdown through suitable Qrops plans

by

chris millor

Suitable retirement planning made in advance and careful implementation of the same may enable one to meet ones future needs and unforeseen contingencies in a better way than having no plans in place. Retirement planning therefore forms an important part of overall financial planning which takes care of various factors such as age, current financial needs, total value of assets and wealth, future needs, size of the family and other important things. It is commonly advised to employees to make proper planning in advance and channelize their savings and expenditure in the right way which would open up new doors for financial prosperity and success.

An employee in UK contributing to the UK pension Fund may plan to move to the overseas for better job prospects as well as better conditions for living. However he may feel himself restricted and may be unduly worried of his UK pension funds. The UK government has clearly laid down policies for enabling such employees to transfer their pension funds to their overseas accounts through proper QROPS Schemes. The pensioner must avail the services of certified qrops providers who are well recognized with Financial Services Authority of UK and HMRC Qrops. There are literally hundreds and thousands of Qrops schemes and the experts can help one to select the right plan based on ones needs and future expectations and projections.

Some Qrops Providers also allows the facility of suitable income drawdown from the pension fund depending on the pension fund or corpus. Also the pensioner may need to withdraw income from their pension fund to meet urgent demands in the present. Only suitable and recognized financial experts can guide the person to select the suitable timing and amount of income drawdown which will help one to achieve the balance between the withdrawn amount and the saved money in the pension fund which remains invested and grow accordingly.

According to the new Income drawdown rules which have been modified recently, pensioners may leave the fund untouched till the desired period. No minimum limit of Income drawdown has been set by HMRC. An employee can withdraw the maximum amount from pension fund equivalent to the single life annuity amount which an employee of same sex and age can purchase. The qrops providers calculate this amount using income drawdown calculator. They are well aware of the income drawdown rates

as set by the Government Actuary Department. Thus they can enable the pensioners to get the maximum income drawdown using the

income drawdown calculator

based on the latest income drawdown rates.

Chris Millor writes for Gerard Associates LTD, for more information on

income drawdown rates

, click on

income drawdown calculator

.

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By Debbie Pettitt

FBI statistics reveal that identity theft is one of the fastest-growing crimes in the United States, with about 1 in 5 families in the U.S. being a victim of identity theft. Identity theft is obtaining another person’s personal information (e.g., name, social security number, credit card number, passport) without that person’s knowledge and using that information fraudulently. For someone who discovers they are a victim of identity theft, it is important to act fast. Here are some immediate steps to take in order to stop further misuse and to restore your good credit:

1. Contact the fraud departments of any one of the 3 credit reporting companies to place a fraud alert on your credit report. When a fraud alert is placed on your credit reports, creditors will contact you before opening any new accounts or making any changes to your existing accounts. You only need to contact one of the three companies to place an alert, and they are required to contact the other two, which will place an alert on their versions of your report, too. Once you place the fraud alert in your file, you’re entitled to order free copies of your credit reports. When you receive them, check them over carefully for any new accounts that may have been opened without your authorization. Also be aware of any new inquiries by banks, lenders and credit card companies that you were not familiar with.

2. Report the crime to your local police or sheriff’s department and request a police report.

3. Contact your creditors, banks, phone companies, and utility companies and have them freeze your accounts. Banks, credit card companies and other creditors may require a copy of your police report. You may be liable for a small sum of the fraudulent charges; check with each of your card issuers for their policies. Most creditors promptly issue replacement cards with new account numbers.

4. File a complaint with the Federal Trade Commission.

5. Monitor all bank and credit card statements and other bills carefully to ensure there are no fraudulent charges. If you find fraudulent checks or withdrawals on your bank account, notify the fraud department of your bank in writing immediately.

Stop payment on any missing checks and/or close your existing account. You can also notify the check verification companies not to accept further checks under the account number that was stolen. To find out if the identity thief has been passing bad checks in your name, contact SCAN @ 1800-262-7771.

If unauthorized credit card charges appear, notify your credit card company in writing without delay.

6. If you believe the theft involved your social security number, contact the Social Security Administration. They may re-issue a lost or stolen social security card or may, under some circumstances, give you a new social security number.

As you know, your credit rating is all important. Every precaution should be taken to protect your credit rating. Once you have your identity straightened out, you might consider registering with Equifax Credit Watch. Equifax Credit Watch makes monitoring your report easy by automatically alerting you within 24 hours of key changes in your Equifax Credit Report – like when someone tries to get credit in your name or there are sudden changes in your credit card balances. – so you can act before serious damage is done.

Below are important phone numbers you will need for reporting your identity theft:

Credit Reporting Agencies:

Equifax 1800-525-6285

Experian 1888-397-3742

TransUnion 1800-680-7209

Federal Trade Commission Hotline:

FTC Hotline 1877-438-4338

Check Verification Companies:

Telecheck 1800-710-9898

Certegy 1800-437-5120

To find out if the identity thief has been passing bad checks in your name:

SCAN 1800-262-7771

About the Author: Copyright 2006 by Debbie Pettitt who is the webmaster for Understanding Identity Theft, providing essential information on identity theft, it’s prevention and what to do if you’re a victim. If you’ve been a victim of identity theft, this page may be helpful:

understandingidentitytheft.com/identitytheftreporting/

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By Jerbob Johnson

We have all seen it in the movies or TV where the bad guy gets this red dot on their chest or between the eyes. We know it is curtains for the villain. A Busnell trophy red dot sight utilizes either a refractive or reflective optical collimators to generate the famous red dot image. The shooter gets to see the target and the red dot area. These sightmark red dot scopes and laser sights are rugged and provide relief to your eyes.

What is the definition of reticle? When researching red dot scopes or a discount rimfire rifle scope, you are going to come across the word reticle. A reticle or better known simply as the crosshair is a shape superimposed on an image that allows for the precise alignment of a weaver rimfire rifle scope or a customized rifle scope including red dot scopes. One can find more information on the web concerning aimpoint red dot reviews.

The red laser beam will project the red laser dot onto any object with an effectual and precise range of approximately 164 feet. Easily with the flick of a switch the fred or green dot can be viewed through the sight easily. If you are shooting bright and sunny conditions, you will still be able to see the dot.. You can easily adjust the laser sights since they are fully adjustable, up, down, left & right for ideal sighting.

Pistol scopes have become very popular especially on the firing range. The red dot sight is possibly the greatest thing since slice bread in pistol shooting. With the event of laser red dot scopes for pistols, shooting at firing ranges have become even more popular. The red dot will help you become a better shot. The precision and simplicity of use with these red dot scopes doesn’t exist with the old iron sights. Bottom-line, it is pretty cool.

We need to mention there are also green dot scopes available. What is the difference between a red or green dot scopes? The green dot scope is for shooting in low light while the red dot can handle the brightness of sunlight. Many of the scopes have both built in to them.

Red dot laser scopes are not just for the firing range. They can be mounted not only on pistols but on rifles and even shotguns. Some sport enthusiasts even use them on paint rifles or pistols. The use of a red dot or green dot laser scope when hunting will offer you the opportunity for a reliable clean score.

If you are ready to add a red dot scope to your collection, where do you find them? You can find them at your local sporting store. The World Wide Web can offer some significant savings on brand name laser scopes. Before you buy, understand how you plan to use this gadget. Is it for sport or hunting? Find the right red dot or green dot laser scope that will meet your needs. The acquisition of a laser scope opens a whole new world of enjoyment whether you are hunting or using it in competitive shooting on the firing range.

About the Author: Jerbob Johnsen owns the

“Red Dot Laser Scope”

specializing in bargains on red dot, green dot and laser scopes and supplies. Visit http://www.RedDotLaserScope.com to browse through our huge inventory of red dot laser scopes for sport or hunting.

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By Kurt Lehmann

If you’ve ever written a bad check (whether it was on purpose or accidental) or have had problems with banks, there’s a pretty good chance that you’re on a list maintained by ChexSystems. This list can cause you a lot of problems when it comes to getting a new bank account or doing other banking tasks. ChexSystems is a Consumer Reporting Agency, like TransUnion, Experian, and others. It provides a list of customers that it considers to be high risk to banks across the country.

Not everyone on this list really is a big risk, though. Some people end up on it because of errors in data, theft of their identities, and many other mistakes. Once you’re on the list, however, it becomes very hard to get a new bank account. Most banks use ChexSystems data to decide whether or not you’ll be allowed to open an account, whether or not that data is accurate. If you’ve been trying to find a bank that doesn’t use the ChexSystems database in your area, you might have gotten frustrated, and resigned to going through life without an account. However, don’t give up hope yet. Debit cards and Internet bank accounts are still an option.

If you’re tired of constantly carrying cash, getting money orders, and using check cashing services, getting a debit card account could be the answer you’re looking for. You can use these cards just like regular credit cards – at bookstores, gas stations, the grocery store, restaurants and online. Anywhere a Visa or MasterCard is accepted, you can use your debit card, including for getting cash from the ATM.

A debit card automatically deducts the amount of the purchase from your account, meaning that you don’t have to pay interest or deal with credit. Since the transactions show up on your bank statement, you’ll be able to track your spending. If you want, you can choose to have your paycheck deposited directly into your debit card account. That way, you won’t have to use check cashing stores to get your money.

The biggest difference between a regular checking account and a debit account is that you normally don’t get a checkbook with your debit card. You’ll be able to pay your bills online via Echeck, or automatic debit. Many people prefer to use online banking services (such as those provided by debit card accounts), because they are free — you don’t even need to pay for a stamp and an envelope! Further, using online banking makes it even easier to keep your account balanced, so you avoid further banking problems.

This means that you still get most of the advantages of an ordinary checking account. There are still plenty of banks that permit opening a debit card account for people who are on the ChexSystems list. That makes this an excellent option if you’re on the list and can’t find a local bank that doesn’t use it. A debit card account is a great alternative to an ordinary bank account.

About the Author: Kurt Lehmann is a financial services expert, researching and writing about topics including

ChexSystems

,

Payday Loans

, and

Second Chance Checking

.

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By Dennis Jarvis

When you run a search on google for anything Term life insurance related, the websites start coming out of the woodworks. Every linguistic take on “term life” is out there and our own etermlifeinsurancequote.com isn’t exactly winning any awards on succinct and catchy names. The “Amazon”‘s and “Ebay”‘s were all taken. We decided that there were other things more important than the name such as providing instant quotes to all the major carriers fast, easy, and for free. We felt this combined with a focus on impartial guidance would out-weigh our lengthy name. Judging by our customer response, we guessed right. So back to our term life insurance search. Lots of sites pop up. We wanted to pass on what is probably the biggest advise we can come up with. It’s probably in a consumer’s interest to avoid a 1 brand shop. Let’s talk a little further about why that’s true.

When you scan through the various sites, take a look at the URL or the actual website…ie. www.etermlifeinsurancequote.com See, the title doesn’t tell you too much since they all basically say term life insurance quote with they cursory additions of “affordable” and the like. The URL actually tells you more of who is behind the website. Some are brokers like us but others are the actual carrier themselves. If their millions of dollars in marketing (advertising, tv spots, even superbowl ads) have worked and we’re sure they have, then you’ll recognize the big life insurance carriers. They’re all there, scattered throughout the first couple of Google pages since after all, they are gigantic companies…usually Fortune 500 behemoths with big buildings in New York, Chicago, or San Francisco.

This is the problem. When you click on their site and run a quote, it’s safe to say that they will only show you their term life insurance rates and benefits. Maybe I’m naive and a purist about the power of the internet but doesn’t that defeat the purpose of the last 15 years? How is that different than the old school situation where a guy in a3 piece suit sits across from you in the dining room with reams of brochures, rates, and a little protractor thrown in to impress you. The point of the internet was to bring all the information to you. To erase the barriers that use to exist, separating you from your hard earned cash. Well, to some extent, if you are going to 1 pony show directly to the carrier, you’re back in the Stone Ages. Watch out for the protractor…it’s SHARP!

Look, the carriers will have a range of options and there’s something that feels good about the name of a large company but today, you can have it both way. When you go to our site to run term life insurance quotes, guess what. All those big companies are there…all under one tent and here’s a little secret…the rate is IDENTICAL to what you would get if you went directly to their site. As independent brokers, we offer the same plans and same rates that the carriers or any other broker for matter, can offer. More importantly, there are subtle (and not so subtle) difference in benefits, options, and rates between the carriers. You really need to see them side by side for your particular information to make sure you get the absolute best term life insurance plan and rate. Why pay extra for a 1 pony show when there’s free zoo right next door.

About the Author: Dennis Jarvis is a licensed insurance agent concentrating on getting the best

term life insurance quote

. Shop, compare, and instantly quote multiple carriers with over 150 articles to help you understand the market.

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By Charles Phelan

“Legally terminate credit card debt! You can be debt-free in 4-6 months!” Advertisements like this are for a new type of program that has spread via the Internet over the past few years. It’s called “Credit Card Debt Termination,” and victims are paying up to $3,500 for this bogus service. In this article, I’ll review the principles behind this program and explain exactly why it’s a scam to be avoided.

First, let’s get our definitions straight. The scheme I’m describing here should not be confused with Debt Consolidation or Debt Settlement (also known as Debt Negotiation), both of which are legitimate and ethical methods for debt resolution. The easiest way to distinguish the Credit Card Debt Termination scam from other valid programs is based on the central claim that you really don’t owe any money!

With Debt Consolidation, you pay back all of your debt balances. With Debt Settlement, you pay back a lower amount (usually around 50%) while the creditor agrees to forgive the remaining balance. However, with the bogus Credit Card Debt Termination program, promoters claim that you won’t need to pay anything at all (except their outrageous fees, naturally). They make the surprising claim that you can legally wipe away your debts simply by using their super-duper magic documents. Based on some legal mumbo-jumbo, the claim is made that you really didn’t borrow any money from your creditors!

In order to understand this scam, a little background is necessary. Remember the tax protest movement back in the 1970s? People were claiming that the IRS tax collection system was unconstitutional, and based on their misinterpretation of the tax code, they refused to pay taxes. The IRS came down hard on the tax protest movement, and through the court system, they blew holes in all the legal arguments put forth by the protesters. The Credit Card Debt Termination scam is a lot like the tax protest movement. In fact, among collection professionals, it’s called the “monetary protest movement.”

Just like the tax protest movement, there is a common theme that runs through all of the promotional materials issued by the monetary protestors. The basic idea is that our Federal Reserve monetary system and generally accepted accounting principles (GAAP) do not permit banks to loan out their own money. Therefore, according to their interpretation, the credit card banks are the ones running the scam on the American public.

Stay with me here, because the logic is pretty strange. If a bank cannot lend its own money, how does a credit card bank extend credit? The claim here is that your credit card agreement itself becomes a form of money (known as a promissory note) the moment you sign it. The idea is that the bank “deposits” your agreement as an asset on their books, and then any credit you use is offset as a liability against that asset. In other words, the core concept here is that you literally borrowed your own money from the credit card bank.

So let’s say your balance with ABC Credit Card Bank is $10,000, which you borrowed against the card to make everyday purchases. The scam promoters say all you need to do is notify the bank that you want your original “deposit” back. However, you will permit the bank to offset the amount you borrowed against the amount you have on “deposit.” Presto! You don’t owe the balance anymore!

Now, as you can imagine, the banks don’t take kindly to such tactics. Many of the consumers using this technique are getting sued by their creditors. But the scammers have more tricks available, as if the “smoke and mirrors” financial nonsense wasn’t enough. One of their techniques is the use of bogus “arbitration” forums. Arbitration is of course a legitimate system that allows businesses and individuals to resolve disputes without going to court. What do the scammers do? They coach people on how to set up a fake arbitration forum, for the express purpose of making a dispute against their creditors! Naturally, the creditors will not send representatives to some non-existent arbitration forum, so the consumer gets to rubber-stamp their own arbitration award. If they get sued in a regular court, they present their bogus award to the judge in the hopes that the creditor’s lawsuit will be dismissed.

There are other techniques used by promoters of this scheme, but the key point to remember is the central claim that your credit card debt does not really exist. Of course, it’s all nonsense based on a misinterpretation of our monetary system, and if you step back and think about for a minute, the truth seems pretty obvious. What these scammers are saying is that the entire $700 billion credit card industry is operating on an illegal basis! Even if the legal theory used by the promoters were true (which it isn’t), do you think for a moment the government would allow this giant industry to go under? That’s exactly what would happen if the promoter’s claims were proven true and used on a widespread basis.

The Federal Trade Commission, which has jurisdiction here, hasn’t stomped on these con artists yet, but it’s only a matter of time. Unfortunately, in the meanwhile, consumers are being bilked out of millions of dollars for a worthless program that will only get them into deep trouble with their creditors. If you are approached by someone offering to wipe away your debts using this system, I strongly recommend you run in the other direction while you hold on tightly to your wallet or purse.

Remember, you can eliminate your debts if you take a disciplined approach to your finances, make a budget and stick to it, and don’t use your credit cards unless you can pay off new balances in full each month.

Good luck in your financial future!

About the Author: Charles J. Phelan has been helping people become debt-free without bankruptcy since 1997. A former executive in the debt settlement industry, he teaches the do-it-yourself method of debt negotiation. Audio-CD material plus expert personal coaching helps consumers achieve professional results at a fraction of the cost.

zipdebt.com

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By Amanda Thompson

Basically for starting a business, two things are required that are – productive plan and sufficient finances. And, if you are sure that your business plan is productive and will do the best; however, you are just lacking sufficient finances, then don’t worry, as financial market will support you financially by means of secured business loan.

Secured business loan forms a part of secured personal loan, in which, there is a need to place asset as collateral against the loan amount. Here, collateral can be anything such as car, house or any fixed asset.

Secured business loan enables the borrower to procure larger amounts on low rates. This is also a reason that, why secured business loan are getting popular in the financial market.

This can be used for either of the following purposes:

— starting a new business or venture

— buying another business

— purchasing machinery and equipments

— consolidating business debts

— expanding an existing business

Secured business loan is considered as the fastest way of arranging funds for business. The borrower has an option to choose from the various type of interest rate being offered. Usually, two types of interest rate are offered, that are fixed rate of interest and flexible rate of interest. In fixed rates, the rate doesn’t fluctuate and remains same till the last payment of installment. And, flexible rate of interest fluctuates with the change in the market forces or any other factor. It has been observed that flexible rates are generally low in the beginning, but after that they totally depend on the market. So, they are considered as bit riskier than fixed rates.

While availing secured business loan, the borrower should make sure that he can easily meet all repayments. Since, failure of making timely repayments can put an asset, on risk of repossession.

In today’s scenario, even a bad credit scorer can avail secured business loan, but on little high interest rate. However, if they want to avail secured business loan on competitive rates, then, they must try to place collateral with high equity. Using co-signer is another way for bad credit scorers for availing secured business loan on competitive rates. Co-signer, act as assurance that, if the borrower fails to make repayments, then he will be liable for it.

Secured business loan is provided by majority of the lenders in the physical market. Other than lenders in the physical market, there are online lenders also, who offer secured business loan on low and better rates.

Thus, secured business loan converts your dreams in reality by supporting you financially.

About the Author: Amanda Thompson holds a Bachelor’s degree in Commerce from CPIT and has completed her master’s in Business Administration from IGNOU. She is working for chance for loans . To find a Secured business loan, Cheap rates, Unsecured personal loans, Personal loans visit

chanceforloans.co.uk

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