Category Archives: Financial Services

401k and the Contribution Limits Set by the U.S. Internal Revenue Code for 2013

A 401k plan is set under the U.S. Internal Revenue Code (IRC) to help its citizens save money for their retirement. Under this retirement plan, a portion of the employee’s salary is deducted by their employers and invests it

Pay taxes if I get food stamps?

United States of America may sound an affluent country to live in. But, like most countries across the America also face issues of poverty. There are many people in America, who don’t have the income to support their families. To deal with this, the food stamp program assisted by the federal and governed by agriculture … Continue reading

Is working in the pension allowed?

Different countries have different rules and regulations for people. With the help of these rules and regulations it is possible to monitor the routine activities. There is a specific age limit for working in many companies and countries. After that age limit the worker is not allowed to work. However there are many companies and … Continue reading

Tax for seniors in pension

The majority of the senior citizen population relies on their pension for survival and necessities. Some enjoy the benefits of being taken under the wing of their children. Others are put in nursing homes to await death in their beds. These were the logical

Rescue for Greece except view - euro falls for a short time less than 1.43 US dollars

The euro is on Wednesday in early trade…… for a short time under the brand of 1.4300 USD like. The communal currency was loaded by the wrangling around other financial assistances for Greece. Yesterday a crisis summit of the European Ministers of Finance failed because of the question whether there should be a participation of … Continue reading

Tips against overextension – consumer rights with loans

Who has got into debt by a loan, has not maybe reckoned on overdoing it financially. Sometimes this may be even right, because some financial crises are due only to the fact that one has not read the loan contract exactly enough or does not know the rights as an applicant for the credit. The … Continue reading

Tips against overextension – The consumer insolvency

An other possibility to free of debts itself offers the consumer insolvency procedure. This is subdivided into three parts. Firstly, the extrajudicial attempt at reconciliation also stands here. If this fails, a judicial debt settlement procedure joins. Moreover a suitable application is to be submitted at responsible insolvency court. This must contain

Tips against overextension – assurances

Test people have gone to 91 different branch banks and have asked for a rate loan of 5,000 euros. Expressly they have expressed the wish, the loan should run 60 months and not be secured with a rest debt assurance. The low month rate of a good 100 euros makes them renounceable. What happened afterwards … Continue reading

Loans often cost more than expected

The exact financial charges by the loan are not demonstrated, and it is often tried to turn on expensive loan assurances the customers who are not necessary and are not welcome. In a case the insurance costs would have raised the actual load on 23 percent of the loan sum. What helps against it: Several … Continue reading

Tips against overextension

Who wants to afford something, does not have sometimes in addition urge financial means. If one believes the promises of the loan institutes, all that is no problem. With a rate loan almost every wish seems attainable. It is right that rate loans can make easier bigger acquisitions or even only allow. Who lives constantly … Continue reading

The mega investors - Where a lot of money is earned part 3/3

The state funds search help. For example, with the inhabitant of New York finance professor Nassim Taleb and with Nouriel Roubini. For years both economists had warned about the real estate bubble and the huge bank dependence. Now Taleb carries on negotiations with CIC. The Chinese could entrust him according to “Wall Street Journal” up … Continue reading

The mega investors - Where a lot of money is earned part 2/3

Because of their renitents professional investors like so-called „alternative investments“. Under it exotic arrangements fall like halls of residence, parking bays­, mobile radio towers or railroad lines. Also the often scolded Hedgefonds are fed primarily on investment money from pension cashes like CalPERS. The pension fund for employees of the civil service in California

The mega investors - Where a lot of money is earned part 1/3

Pension funds, assurances and state funds influence the courses all around the globe with her millions. An excursion to the world of the big money. Bill Gross understates the case with pleasure. „It was my very first official invitation to Washington in 35 years“,

Consult like a millionnaire

Is the share rate right? Is the risk too high? About 40 famous property administrators make your depot weatherproof One work hard for her money, the others let her money work for themselves. Properly? Unfortunately, no! At least in an interest sphere, in the day money or fixed term deposits hardly brings more an inflation … Continue reading