Retirement planning is about setting aside money, investing or saving money to obtain a steady income at retirement. Everyone has to retire at some point after their working lives. Hence, you should consider retirement planning. The following are the reasons which convince that retirement planning is essential. Increasing life expectancy Rising inflation Increasing medical costs […]
Tag: personal finance
Know About Benefits of Retirement Plan
Retirement plan is about saving money for the future, i.e for life after retirement. These plans are defined in tax terms by the IRS code and are regulated under Employee Retirement Income Security Act, in U.S.A. If you are an employee, company must take care of your retirement, or if you are engaged in a […]
Common Mistakes While Doing Risk Mitigation in Personal Finance
A cover that reduces either the probability or consequence of threat to the financial safeguard of a person- that may ensue in the event of exigencies such as the demise of the individual in a road accident etc. is referred to as ‘risk mitigation’. The rising cost of healthcare has made it necessary for every […]
Treasury Inflation Protected Securities Mutual-fund
Treasury Inflation Protected Securities(TIPS) are a type of bonds and notes issued by the U.S Treasury. TIPS are unique due to their interest and principle payments are arranged to the rate of inflation as measured by Consumer Price Index. So TIPS offer explicit inflation protection not provided by the other nominal bonds. There are some […]
Saving Vs Checking Account
Saving and checking accounts have different characteristics that make them suitable for different uses. All saving and checking accounts have specific terms that are explained and established by the banks that offer them. Checking account features: Generally checking account don’t pay interest. In case bank offers interest on a special type of checking account then […]
How to Clear Credit Card Debts
Many Americans today are struggling with persistent heavy burden of credit card debt. According to the Federal Reserve, the outstanding consumer debt was $2.55 trillion, in March 2009 in America. Revolving debt, which mainly consists credit card debt stood at $945.9 billion. This can be the result of bad spending habits or poor money management […]