December 29, 2011

Tune-in to Fixed Annuities to Stay Financially Strong and Safe after Retirement

Who does not want to have a safe and sound life, especially after retirement? Yes, after a long period of struggle, you will definitely love to pass a happy life after your retirement, but how it will be possible without proper amount of money in hands? Certainly, retirement retires you from your job and leaves you with small amount of pensions. Moreover, if you do not have sufficient amount of savings, will it be possible for you to manage your household expenses in this situation of economical crisis all around? How can you fulfill your grandchildren’s little demands? Or, how you can lead a stress free life? Well, the positive answer can be found applying to the fixed annuities.

Fixed Annuities
Yes, fixed annuities help you to stay relaxed in your post-retirement days because it realizes how important it is to be financially strong, when you get retired. After retirement, plenty of time remains in your hand and numerous unfulfilled dreams spark in your eyes. Without proper finance those unfilled dreams cannot be accomplished into reality. Here steps-in fixed annuity schemes to wipe-out all your post retirement financial troubles.
Whether it is your medical requirements or household requirements you can stay relaxed just by tuning-in to fixed annuities.

You can apply to this scheme, when you are getting retired or still working. A single premium is enough to make your future life secured. Not only this, but this annuity scheme helps you to stay comfortable in the days of credit crunch or recessions, because it offers you a fixed rate of interest throughout your life. No matter how low the financial condition is in the outer world, but the fixed interest will remain fixed forever.

If you die in between the repayment period, your loved ones will receive the money on your behalf. It also offers them a life insurance.

So, what are you waiting for? Apply to the fixed annuities now and have a secured post-retirement life because it makes your life a fun staying beside you all the time.
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5 Credit Card Mistakes to Put Behind You in 2012

Say it with me: My New Year’s resolution is to cut down the number of mistakes I make in managing my credit card account. Wow, sure comes off the tongue smoothly. To cut to the chase, everyone makes mistakes with their credit cards, and these mistakes can cost money and/or lead to credit score damage. So, instead of making an amorphous promise to lose weight or learn something new, why not concentrate on avoiding the following five common credit card mistakes in order to make 2012 a happier year for your wallet?

credit card mistakes
1. Opting for rewards despite other needs
Everyone wants rewards, but rewards aren’t for everyone. If you have at least good credit and you pay your bill in full every month, then by all means focus on finding a rewards card that fits your spending habits. On the other hand, if you don’t have the requisite credit standing, you may want to find a no annual fee credit card in order to build credit cost-effectively and reach the credit standing required to get truly lucrative rewards. Finally, if you don’t always pay your monthly bill in full, avoiding interest with a 0% credit card may actually save you more money than getting a rewards credit card.

2. Unwittingly using an NPSL Credit Card
World MasterCard credit cards, American Express charge cards, and Visa Signature credit cards have at least two things in common: 1) They’re some of the most popular credit cards for people with excellent credit; 2) They all have a feature called No Preset Spending Limit (NPSL).

Contrary to popular belief, NPSL does not mean that you won’t have a credit limit. Rather, it means that your credit limit will be determined each month, and you will never know exactly what it is. Neither will the major credit bureaus because credit card companies typically do not report accurate limits to the bureaus (most likely to maintain the myth of the unlimited credit card).

The fact that you won’t know your credit limit increases the chances of having a big-ticket purchase declined at the point of sale. The fact that the credit bureaus won’t know means your credit utilization ratio may be misleading, which could lead to undeserved credit score damage. In most cases, NPSL simply isn’t worth the risk, but cards with this feature could offer the most attractive terms. The choice is ultimately yours to make, but it’s important to know the risks going into your credit card search.

3. Overestimating your credit card company’s interest in interest revenue
Would it seem logical for a credit card company to report your usage to the credit bureaus in such a way as to improve your credit score in return for you revolving a small balance each month and thereby providing extra interest revenue? Perhaps, but it’s not how things work. You’re not going to get preferential treatment by carrying a balance, but you are going to cost yourself money, so if you have the cash to pay your credit card bill, do so.

4. Thinking inside the box when it comes to small business credit cards
They’re called business credit cards, so they’re the type of credit card one should use for small business spending, right? Yes and no. While business credit cards and general-use credit cards aren’t as different as you might think – most issuers hold business credit card users personally liable for debt, and report usage to their major personal credit reports –business credit cards do not fall under the jurisdiction of the CARD Act. The CARD Act improved transparency as well as consumer rights by instituting new rules, such as that which prevents credit card companies from increasing interest rates on debt held on general-use credit cards unless you are 60+ days delinquent. Therefore, you should have a general-use credit card for purchases you won’t be able to pay off in full before the end of the month and a business credit card for all others.

5. Opting-in for over-limit charges despite past history
Opting-in isn’t necessarily a mistake because the freedom to surpass your monthly credit limit can be useful in an emergency, and the new credit card law (the CARD Act) has made over-limit fees more reasonable. However, opting-in isn’t worth it if you do it all the time, as even modest fees can quickly add up, and you don’t want to waste money. So, if you went over limit more than a few times a year before the CARD Act took effect in February 2010, it’s probably a good idea to remove temptation and simply not opt-in.


This guest article is from the editorial department at Card Hub, a leading marketplace for credit cards, prepaid cards, and gift cards.
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December 4, 2011

Working after Retirement: 5 Jobs You Could Do

Attitudes towards retirement are changing in that many people who were looking forward to not having to go to work every day, find that once they actually get to this stage of life, they still have an urge to contribute to society in some way. As a result many take on voluntary work but a growing number are looking for something in which they can still earn an income in order to extend their enjoyment of financial independence for as long as they can.

                                    retirement 
The need to continue work in some manner is important in keeping your brain active but initially taking a prolonged vacation upon your retirement is as positive as it is refreshing. However if such a life is continued indefinitely it can become overly expensive with you finishing up living out your remaining years in near poverty.

Modern day living is expensive and it is important that you are able to live it to the full for as long as you can. You can achieve this buy supplementing any income you may have with money earned during your retirement years but it is important that you also leave enough time to yourself to enjoy life and avoid the stress that came with working full time as you had to do before retirement.

When considering what you can do to earn a little more to supplement your retirement income you should look back on your past to see what you have been best at and what you enjoyed most. It will be no good taking on some task during your retirement years that you hate doing simply to earn some extra money. It is a time of your life where you should enjoy living and this has to be extended to any part time job you might take on. With all this in mind here are five jobs you could think about doing to supplement your retirement income:

  1. Consultancy. After a lifetime at the one job who better to know all the ins and outs of the industry in which you worked, than yourself. The world is calling out for consultants in numerous fields. You could contract yourself out as a consultant on construction matters if you've been involved in building work. Or your consultancy business could equally apply to personal finance, sales, marketing or accountancy, the list is virtually endless and it is often very well paid. You could set up your own business and work whenever you wished. An ideal job if you have the necessary expertise in a certain field to assist others with your experience and knowledge.
  2. What is it you want to do? The best approach to a job in your retirement is doing a job you have always wanted to do but couldn't because it didn't pay enough, or some other valid reason at the time. It could be the running of a local fair, working part time in a museum, holding dance lessons or even singing, if you have the talent. Whatever you do decide, don't go to your grave without giving it a go. Now is the time to try. If you fall flat on your face as a result – who cares?
  3. eBay. With the advent of the internet a whole new world has opened up for retired people looking to earn an income during their retirement years and eBay is just one of these opportunities. You could have a lot of good times going around auctions and weekend markets buying up bits and pieces of interest and listing them on eBay. You will soon become an expert on what to buy and how much you will be able to ask for it. This kind of activity could lead you into starting your own online business if you come across a certain niche that nobody else has filled. You have the time now to try out various types of online businesses, until you find the one that suits you best.
  4. Blogging. While on the subject of on line businesses. Many people are now making money online by writing articles on the internet about various subjects they have special knowledge about. This could even mean telling people about a certain hobby you have an interest in. After a while you will get a number of like minded people visiting your blog on a regular basis, when this occurs you will be able to sell advertising space on your blog page that will bring you in an income. You could even sell your own products, if that was the type of blog you had built up. This may lead to you building your own website to list and display the products you have for sale. A link from your blog to your web page will then be a way of driving more traffic to your site.
  5. Freelance writer. The number of new websites is growing daily around the world and a big percentage of them are continuously calling out for updated content. Good content writers are in demand and if you happen to have a good imagination, an ability to carry out wide ranging research and be a stickler for accuracy, as well as being a proficient writer, you could find this to be an ideal way to bring in some extra funds while enjoying yourself at the same time.
These are just five ways you can go about earning money in your retirement years. They will give you an idea of what is available and may help you to think of more. By utilising the internet in whatever you decide on doing you will be able to take your work with you wherever you go and still enjoy being free at the same time.


Alban spends a lot of time blogging on personal development and life changes. When he is not blogging, he is a reviewer at PersonalLoanFinder
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