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i need to make my teeshirt business work for me . plus i need to find an investment for financial security. i am a widow. needto retire with security. can you advise ?
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Great site, with lots of information. My best advice is to purchase ltc insurance. Stat's are that over 70% of people who have it actually use it! What other insurance can you say that about? I've gone all my life and not used a dime of my homeowners fire insurance!
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I am seeking to find a person or group of people to become investment partners with me.I own a home improvement buisness.I want to buy distressed properties in good areas fix them up and reselling them for large profits.I will do all the work to the properties to get a maximum profit off of the sale.All I need is the money to buy them and for the materials needed to repair them.Keep the properties in your name for your protection ! when the property sells , we split the profit 50/50 ! Its a no lose situation for all involved !You get your money back right off the top of the sale and we split what is left on profit.I guarentee more than tripling the money that any bank could or ever would give you in intrest.
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seeking a retired couple to invest in equity participation in establishing a 14 room lodge in arusha tanzania. The retirees should relocate to Africa to manage the lodge.
investmentReply to this Comment
seeking a retired couple to invest in equity participation in establishing a 14 room lodge in arusha tanzania. The retirees should relocate to Africa to manage the lodge.
houseReply to this Comment
My husband and I would like to buy a house to fix up and resell. The problem is we don't have the money to do so. We would like to make enough profit to eventually buy our own house and have it paid for. Any advice would be helpfu and appreciated.
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The Pension TrapReply to this Comment
The Pension Trap
by Susan Himes, Mutual of Omaha Office: 402.399.9300 / Cell: 712.310.4240 / E-mail: susan.himes@mutualofomaha.com
Are you looking forward to a comfortable retirement, one that you and your spouse can enjoy? Like many people, you’re probably counting on your employer’s pension plan to play an important role in your overall retirement plans.
If your employer does provide a pension plan, you’ll need to make some important decisions about your pension as you near retirement. Federal law enacted in 1974 requires pension plans to have options that provide for the continuation of all or a portion of the retiree’s pension to their spouse upon the death of the retiree. In fact, to opt out of this “joint and survivor” option (which can reduce your pension by 10%-30%), the signature of both the retiree and the spouse is required.
You’ll choose your pension option just prior to retirement, and it can impact both you and your spouse for many years. Normally, once this decision is made it cannot be changed regardless of how your situation has changed. This is the “pension trap!”
• Payouts cannot be changed and “lump sums” are not available
• If the spouse dies first, the reduced “joint and survivor” payouts still apply
One popular alternative to the “pension trap” is using life insurance to provide the surviving spouse’s income, replacing the income that the pension plan would have provided. With life insurance in place, the spouse could waive their rights to survivor benefits, allowing the retiree to elect the maximum monthly pension.
Life insurance benefits give the spouse more flexibility for income needs than would have been provided with the survivor benefit from the pension.
• A lump sum can be taken to pay off debt and the balance used for income purposes
• The income amount can be increased if the situation requires it
• At the surviving spouse’s death there may be funds remaining for the benefit of the children, the grandchildren or a favorite charity
• If the spouse should die before the retiree, the life insurance cash values could be used to augment the retiree’s pension income, and the beneficiary changed to include the children, grandchildren or a favorite charity.
Despite the advantages and flexibility provided by life insurance, it may not be the solution for everyone. In order to qualify you need to be in good health. It’s a good idea to check before making a decision regarding your pension. In fact, it may be a good idea to make that check now, while you have good health. It’s always smart to plan ahead, especially if you don’t want to find yourself in that “pension trap.”
Borrowing Money--Know the RisksReply to this Comment
Borrowing Money — Know the Risks by: Susan Himes, Mutual of Omaha
Office:402.399.9300 /Cell: 712.310.4240 / E-mail: susan.himes@mutualofomaha.com
Many people don’t hesitate to borrow money when it’s time to make a major purchase, take a vacation, or improve their homes. Loans are often easy to obtain, and low interest rates can add to the allure. Be careful. Before you borrow money, be sure you’re comfortable with your ability to repay and you fully understand the risks.
Retirement Plan Loans
If you participate in a retirement plan at work, you may be able to borrow money from your account. The interest rate may be reasonable, and you may be able to repay the loan conveniently through payroll deduction. These are all positives. But also consider the negatives. If you borrow from your account, you’ll have to repay the loan (both principal and interest) with after-tax money. In a 35% tax bracket, for example, you’d need $15,385 of taxable income to repay $10,000. And most plans require participants who leave their employers to repay the loan in full. Amounts you don’t pay back would be considered distributed — increasing your taxable income that year.
Home Loans
When you meet all tax law requirements, you can deduct home mortgage and home equity interest (within limits) if you itemize your deductions. So far, so good. But also consider the risks. This type of debt is secured by your home. You shouldn’t take on more debt than you can comfortably handle. Then consider the possibility that you may want to — or have to — sell your home some day. You’d have to pay off the balance(s) of your loan(s) at that time. In a declining real estate market, it’s possible your sales proceeds might be less than your loan balance(s). And, before agreeing to a variable rate loan, consider the potential effect of rising interest rates on your payments.
Credit Cards
What could be easier than pulling out the plastic when you want to buy something? But, once again, know the risks. Overspending is never a good idea, especially when it means carrying a balance on your credit card for long periods. Even if the rate is highly competitive, consumer interest can really add up.
need an investor(s)Reply to this Comment
I am a healthy 60 year old man with a lot of experience in home improvement(38 yrs.) I have the equipment to do any home improvement or rehab, all paid for. I would like to find someone interested in making some money other than the crummmy interest rates banks give. I am DEAD SERIOUS so only sincere replies will be answered. I am not interested in the average "BS" about buying into any programs, or buying "GET RICH QUICK" schemes. I am a hard working man whose only interest is in making enough money to pay off my bills and retire someday.
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As we approach the senior years of our lives we are often called upon to teach others and to help others. Now there is something out there to help us earn income so easy it is unbelieveable! Like you I have entered the latter season of my life and like you I need additional income to buy that present for the grandchild, and money to take that trip to Las Vegas or Hawaii. Maybe you would like to have a winter home in Arizona, and keep your home where you are at now for the summer.
This is no gimmick, or fly by night deal, or scam.
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Hope this helps...Reply to this Comment
Like many of you, I was worried about my retirement. My son told me about this site and the best thing I ever did was check it out. It wasn't complicated at all and they didn't ask me any personal questions about health, income, etc. For the past 7 months I have been receiving monthly checks of $1000. Check this out: www.socialassurance.com
Retirement Income?Reply to this Comment
How about a line of credit that grows over 7 percent? There's not a bank that can come close to that. The HUD/FHA HECM Reverse Mortgage may be very useful in your retirement portfolio.
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Cash For Seniors - Life Insurance Policies are worth money!Reply to this Comment
If you are sixty five years or older and have an existing term life insurance policy or whole life insurance policy, you may be in a position to take advantage of the rapidly growing Life Settlements Industry. Increasingly, large institutional investors are offering to purchase these policies at prices considerably higher then their cash value.
If you do not have any life insurance at this time you may still qualify for our funding programs if you are in relatively good health. We can arrange to provide you with a new life insurance policy which you would immediately sell to one of our institutional investors for a significant lump sum.
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