Pension Release, sometimes know as Pensions Unlocking, is the term used when people want to release funds from a pension early. It applies to both Occupational Pension Schemes (whether they are Defined Contribution or Defined Benefit) and Personal Pensions.There is an age restriction that applies, which means you must be aged 50 or over. In 2010 this minimum age is increasing to 55.Occupational pensions work in a different way from personal...more
The Directors are responsible for preparing financial statements for each financial year in accordance with the Financial Reporting Standards (FRSs) and general accounting practice. The statements must give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. This requires the faithful representation of the effects of transactions, other events and conditions in accordance with...more
Early retirement means different things to different people. In fact, the word "retirement may even have differing meanings depending on your age. Prior to the 1930s, there really was no such thing as retirement. Work was just a normal part of the day and people worked and worked and then, later in their years, would simply reduce the amount or strenuousness of their work as it become difficult for them. Ever since the Social Security system was put into place in the 1930s, we have been conditioned by our culture and our government to consider retirement much differently.We expect to work and save, work and save, and work and save, until we reach the magical age of 65 or 66 years old, when the government will begin paying you back on the Social Security funds that you paid into it all those years. Because of that, most people dont think of retirement as something thats even possible before that age.Why not consider this whole retirement thing differently? What if we thought of retirement as not having to go to work each day? Additionally, what if retirement meant no more commuting, office politics, corporate hierarchy, outsourcing, downsizing, layoffs, RIFs or any other of those...more
There are many reasons why homeowners choose to sell their property fast. Be it accumulating debts, repossession, the need to relocate, divorce, inheritance, or any other, finding a means to quick sale is what every seller wishes for. Undoubtedly, the most obvious reason why a homeowner would need to sell his or her property fast is financial...more
One of the most important tools that financial graduates need for professional success is computational finance. This study combines computer analysis, mathematics and financial knowledge to assess the total risk of specific types of investments. Computational finance is used a variety of situations in financing to increase information available to...more
Even though homeowners have always been able to get a home loan modification, recently the process has become a topic of conversation because of the downturn in the economy. Today renegotiating has become commonplace. However, there are still much confusion and misconceptions about home loan modification.Since the introduction of President Obama's Making Home Affordable Plan, there is now a clear set of steps lenders must follow to approve a home loan modification. Until December, 2012, homeowners can apply for a home loan modification and take advantage of the $75 billion initiatives. Lenders get a monetary incentive for modifying homeowners' loans. This new plan makes a modified loan a better alternative than foreclosure. Lenders are encouraged to work towards a solution that gives them a higher profit. Foreclosure is time and money consuming for the lender so if there is a reasonable alternative, such as the Making Home Affordable plan, lenders will choose to modify over foreclose.It is also commonly believed that Homeowner Stability Initiative funds are beneficial to short-term investors and speculators. This is also untrue. Only homeowners who are living in the home for which...more
If you are struggling to make your monthly payments, it is a relief to learn about the possibility of a loan modification. It is a terrible feeling to live in fear of defaulting on your mortgage and losing your house to foreclosure. A loan...more
Knitting should be an exceptionally relaxing and enjoyable craft. So long as you are able to hold two knitting needles and know your left from your right (most of the time) and read some quite simple instructions, you'll be able to...more
Blaming free market capitalism for our economic problems is accusing a ghost. It has been dead for a long time. It was first stabbed in the back in 1913 when the U.S. Congress passed the Federal Reserve Act and the United States Revenue Act (creating...more
Refinancing a mobile home is a little different than refinancing a regular home, but it can be done. First you need to determine what type of mobile home you have. Mobile homes, manufactured homes and modular homes are all commonly referred to as...more
Dubai is the city of choice for the rich and famous and is quickly becoming a favorite hotspot for celebrities ready to flash the cash. Holiday makers are lured here by the luxurious surroundings, white sandy beaches and glorious heat....more
When applying for a loan, you want it to be approved without undergoing much stress and enquiries, so that the loan may be in your hands on time. Fast loans can be availed on certain terms and conditions, if you want a hassle-free finance for variety...more