World Of Financing

If you are retired, or you are on a disability pension of some kind, you may be on a fixed income and think it will be difficult getting approved for even a modest personal loan. This is not true – in fact most lenders see that you have a fixed income which is guaranteed to [...]

Interesting article over at PF Blog on retiring early. There has been a few good posts on this subject over there, and here is the short outline on his personal retirement scenario. “……………. We probably need $110k (adjusted annually for inflation) to maintain the household if I bid farewell to the corporate life. The earning [...]

Participant directed 401K retirement plans are plans in which the employee can direct a portion of their invested money goes, whether it be in bonds, money market funds, mutual funds, or stocks. The participant directed retirement funds are preferred because of the ability to control your financial future. See also Trustee Directed 401K plans.

The biggest mistake Americans make in this topsy-turvy world is cashing in their IRA or retirement savings bonds when they move from one employer to another. This sounds like it’s hard to believe (I know) but many people cash in their retirement funds when they are laid off by their employers. They’ll actually cash it [...]

We at the World Of Financing would like to recommend a web site for planning your retirement with. The site is http://www.choosetosave.org/ and they have a fantastic resource for finding the information you need to plan your retirement wisely. Here is a small quote from their site, and it briefly explains what they provide. Financial [...]

Never touch your retirement savings money no matter what. Try to think of your retirement funds and accounts as lost money. Pretend that all the money you have invested is simply not there. Try to lock your money up in your IRA, or mutual fund, so that you cannot easily access those funds. At the [...]

This sounds like obvious comment, but it’s really not that simple. You are likely like most Americans in that you may not be able to understand all the small print of your employer’s retirement plan. There is a way around this kind of confusion, and it also avoids having to pay a financial consultant to [...]

To touch a little more on residual income, I want to stress the power of this type of income stream. I’m not taking about Amway (although that has worked in the past) but I’m talking about any product or service you can provide people now that will create income later. Some of the Internet methods [...]

I want to state again the importance of using a self-employment model for your retirement work. If you can run a small business that is related to one of your passions or hobbies, you may be able write off a lot of your costs when doing your hobbies. For example, if you were passionate about [...]

I believe that your later years in life should be launching years and not retirement years. The same way you launched your career as a young man, should be the ay you LAUNCH into retirement. Think of the values you hold dear, and the work you most like to do, and then DO IT. Don’t [...]

When we stop working, we stagnate, and that is what we need to avoid. People often dream of what they will do when they retire, and they crunch pennies, buy mutual funds, invest in money markets, or buy real estate, all in the name of early retirement. They talk with the friends, family, peers, and [...]

Planning for retirement is something that is so critical, but the majority of Americans do not adequately prepare for retirement. The sad irony is that preparing for retirement is not difficult in the slightest – it only requires a small amount of discipline to be successful preparing for later years. In the next series of [...]