Mens Treatments Nottingham

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For more infomation about Pensions pop by the authurs blog

Homemakers, do you know what you are worth? Do you know how much you owe? In other words, do you know your assets and your debts? These two equal your net worth. How do you go about knowing your financial status?

Choose a quiet time, or a time when both of you are in a good mood and pop the question. Very few couples talk about their present financial situation and their future financial goals. I did not ask my husband about money before we got married, nor did I ask 10 years later. However; due to an illness, the time had come for me to pop the question. He was reluctant to share, given this was his second marriage, but with gentle prying over time I became to understand our debts and assets, in other words, our net worth. You decide how to approach your spouse, because most people do not know their net worth (again the difference between all the things of value that you own, and all the debts you owe.) until there is a crisis. Crisis could mean death of a spouse, a debilitating illness or in most cases, divorce. I have met many older women, who do not have a clue or do not care to know about their finances. Suddenly, her husband dies and she is shocked to find out their house they have lived in for 40 years is not paid off and that he took out a second mortgage for reasons unknown to you. This is so common with young and old couples. It happens and no women, should be victimized twice, first the shock and grief of the break-up and then the shock of finding out there is no savings, but loads of debt. Homemakers, who choose to stay at home are especially vulnerable, given they are so busy with the daily living of raising a family. As mothers, we rely, to heavily on our spouses to be the financial wizards. I know of friends and relatives who are left in the financial dark after a death or divorce. Don’t let this happen to you. Here are some general guidelines with web links to help motivate you to start talking to your spouse about your assets and debts.

1. Homemakers need to have their own bank account.

2. Whether you are planning to get married, have been married for 1 or 40 years, talk to your spouse about your assets and your debts. DO NOT think that because he loves you till death do you part, that he alone, should be the one, who keeps track of your assets and debts. You have to gain some financial control. This does not diminish your role as a mother or a wife; gaining control of your money will only make you stronger. You will feel better, knowing that you can take care of your family. Most articles I found on the web are about gaining financial freedom after a divorce or death. Do not wait, act now for your families future.

3. You may be surprised, your husband may like the idea you are taking some of the financial burden away from him. I invest in Roth’s IRAs for myself and my husband. I look out for banks with good Certificate of Deposit rates. I have my own bank account and I have invested in companies that offer DRIPS or Dividend re-investment programs, like P@G. One can go online and invest a minimum of $250.00. It just takes a push to get your self-confidence up. Again, it is easy to start by opening your own account.

4. Check out investment companies, such as Vanguard. Their site is easy to follow and you can start learning about investing.

5. Best advise, is don’t be afraid, don’t wait for a crisis.

6. About.com with Deborah Fowls and Jean Chats from NBC news financial editor, who has appeared on Oprah many times talking to women about being aware of their financial situation are two places you can start.

7. I like Deborah Fowls lists of assets and debts that you can print out and take to your spouse as a way of getting the communication going. Another great site dedicated to the entire family is http://www.womens-finance.com/index.shtml. The web site has print-outs, quizzes to test your financial knowledge, advice to teach preschoolers to teenagers about money. It is easy to understand, a web site I refer to about the difference between traditional IRAs and Roth IRAs.

The list available at http://financialplan.about.com/library/n_blnetworth.html looks like this:

Assets/ Current Value

Cash in savings accounts

Cash in checking accounts

Certificates of Deposits

Cash on hand

Money Market Acct.

Money owed to me (rent etc.)

Cash value of life insurance

Savings Bonds

Stocks

Bonds

Mutual Funds

Vested value of stock options

other investments

Individual Retirement Acct (IRAs)

Keogh Accounts

401(K) or 403(b)

other retirement plans

Market value of your home

Market value of other real estate

Blue Book Value of Cars/Trucks

Boats, Planes, other vehicles

Jewelry

Collectibles

Furnishings and other personal property

other

TOTAL ASSETS=?

Now take a sheet or print one off of Deborah Fowls site and list total liabilities.

LIABILITIES include:

Mortgages

Car loans

Bank loans

Student loans

Home equity loans

other loans

Credit Card Balances

/Real Estate taxes owed

Income taxes owed

other taxes owed

premiums owed on life insurance

college tuitions/expenses

other debts
TOTAL YOUR LIABILITIES =?
Using these sheets may provide a bridge to get you and your partner engaged in a financial conversation. *Remember to choose an appropriate time to talk, not after an argument over not spending enough time with the kids.

Another tool that is available as a print out is called the Debt to Income Ratio Calculation. Don’t be afraid of these math terms, it simply means, how much debt you have compared to how much money you and or your spouse earn. Mortgage lenders use this formula. To calculate you need the following information:

Monthly mortgage payment(including property taxes and insurance)or rent

Monthly home equity line of credit or loan payment

Monthly car payments

Monthly revolving credit payments(furniture,appliance loans etc.)

Monthly student loans

Monthly minimum credit card payments times two(making only minimum payments on your credit card will never get you out of debt)

other monthly loans

Monthly child support

Monthly medical/dental payments

Monthly utilities (cell phone, land line phone, heat, electricity, cable etc.

NOW TOTAL YOUR DEBT PAYMENTS

Jot down your monthly (take home) pay, annual bonuses and overtime, divided by 12 and other annual income, divided by 12, give you your monthly income. Take your total monthly debt payments divided by total monthly income which will equal Debt to Income Ratio.

Lenders will tell you that a 36% or lower debt to income ratio is good. But, you have to look at your personal situation, 36% does not fit all people. You may have more dependents, an elderly parent, a special needs child etc and you may spend more.

This whole exercise may be an eye-opener for both partners. You may realize you are living day to day without giving thought for your families future. Your husband may be grateful and realize that you both have work to do to get your financial house in order. Life is unpredictable and inevitably change will happen in your life. Be financially prepared for your sake and for the sake of your dependents.

The following is a list of documents that you need to organize and store in a safe, fire-proof box.

• your wills
• social security benefits (the government sends out a yearly breakdown of your social security benefits)
• stocks, bonds, securities
• important records(kids social security numbers, passports, birth certificates, health records, stock certificates etc.)
• Banking statements
• loans and other debts
• life insurance policies
• medical insurance
• pension plans from present and past employers
• real estate records(deeds)
• personal property
• safety deposit box information
• business/employment details(current boss, phone contact list etc.)
• tax records

Take the time to educate yourself about your financial situation, your family, including your husband or partner will appreciate your efforts, which will lead to a healthier financial future.

I recently ordered from Amazon.com for under $6.00, First Wives’ Tool Kit(paperback) by Carol REIT. It is a kit geared to help divorce woman get their finances in order, but I thought it would be appropriate for all persons who are in any relationship that require making financial decisions.

Have a great link you’d like me to review? Drop me an email. Bloggers: you can install a Larwyn’s Linx blog widget!

Nation

A Fling With the Welfare State: Emerie
We Are The Undefeated: Why Sarah Palin should run: Hayward
Opposition to McConnell plan grows among GOP senators: Hill

House Freshmen not on-board for any deals?: RS
Partisan Justice Under Eric Holder: Federale
Ex-Rezko Partner Told Feds Of Payments To Obama: AdvIn

Sheriff Joe Arpaio Punks ICE HSI: Federale
Perry: I’m feeling a call: Hot Air
Every Dem voted against lifting debt ceiling in ’06: GWP

Economy

Can’t Buy Love? Try Obama’s Corporate Dating Website: Dewey
California’s Pay Day Loan: BG
Scott praises Cantor’s walkout from debt negotiations: Hill

GOP Govs Prove Conservative Economic Principles Work: GWP
Unemployment uh-oh: 9.2% may be the low-water mark: IHTM
True origins of financial crisis: Power Line

Climate & Energy

Globaloney: The Statist Push Continues: Blumer
The War on Copper: Exam
Why Nothing Is “Shovel Ready” Anymore: Mead

Media

Review: Left Turn: How Liberal Media Bias Distorts the American Mind: Power Line
Marco Rubio schools CBS’ Bob Schieffer: GWP
‘Murdoch Hacking Scandal’ vs. NY Times National Security Leaks: TAB

The Slow, Painful Coming Death Of The Independent, Conservative Blogosphere: RWN
How Network News Helped Bring About the Crash: Klavan
Hollywood Hasn’t Lost ‘Hope’: Malkin

Big Demand For The Undefeated Drives Broader Release: Riehl
Gray Lady Gets Yet Another Case of Depression Lust: Driscoll
Keith Olbermann: The Lost Months: MB

World

Al-Qaeda Is Down but Not Out: Foundry
Cain: Voters Should Have Right To Prevent Mosque Construction If Community Opposes It: WZ
Obama Accused Of Crimes Against Humanity Over Bin Laden Killing At International Criminal Court: WZ

Islamic Teacher: Bring Back Slave Girls!: Big Peace
Trichet Repeats Nuclear Threat to Reject Greek Bonds as Collateral; Verbal Discipline or Big Bluff?: Mish
Indonesia: Veiled teen girls send mock bomb to police officer: JihadWatch

Sci-Tech

Make It So: Hands-On With Official Star Trek iPad App: Wired
Orphiro’s electric motorcycle: like a Harley, just not obnoxiously loud: Engadget
A beginner’s guide to telecom jargon: CNet

Cornucopia

Celebutards from 50 of our 57 states: MOTUS
Casey Anthony: Spokeswoman for Planned Parenthood: RWN
Sunken 19th Century Schooner Found Intact In Lake Ontario: Irish Weather

Image: The Looking Spoon
Sponsored by: URGENT: Tell your Congressman to vote YES on the ‘Cut Cap Balance’ Act

QOTD: “When Roosevelt signed Social Security into law, it was meant to start coverage at age 65 at a time when 58 was the average life span of male Americans. (Roosevelt himself died at 63 ten years later.) When President Johnson signed Medicare, life spans were still well below today’s standards, and most major medical breakthroughs were still in the future. (Johnson also would die in his 60s.) Neither imagined a world in which people routinely lived into their 80s and 90s, with knee replacements and heart transplants and home dialysis machines. Roosevelt opposed public employee unions, whose pension demands and early retirements are now driving some of our states and cities into bankruptcy. It’s easier to think of goods as rights when the costs are low, and they therefore take little from others. It’s when the costs rise—as in medical treatments—that the political trade-offs rise, too.” –Noemie Emery

“There have been many significant accomplishments on the operational and financial front to date this year,” Kloet said in a release before stock markets opened Friday.

“Among the successes in this past quarter was renewed momentum in our listings business. On a combined basis, new listings on Toronto Stock Exchange and TSX Venture Exchange were up 33 per cent and the value of new equity financings on TSX Venture Exchange increased 84 per cent. We are also proud that Toronto Stock Exchange reached over 200 exchange traded products listed in June.

“We continue to see strong growth in derivatives as volumes on the Montreal Exchange reached another new quarterly record with 16.3 million contracts traded.”

TMX Group is in the midst of an intense takeover battle that recently saw one of it suitors, the London Stock Exchange Group, drop out of the competition after the deal failed to gain enough shareholder support.

The remaining bidder, Maple Group Acquisition Corp., a group of financial institutions and pension funds said Wednesday it will give investors more time to decide whether they want to tender their shares under the $3.8-billion offer.

It will give TMX Group shareholders until Sept. 30 to tender their shares, extending the deadline initially set for next Monday.

Maple said that during the extension period it will continue trying to receive the required approvals for the acquisition from securities regulators and the federal Competition Bureau.

Maple has said previously that it expected to receive approvals in the fall.

The offer is to acquire between 70 and 80 per cent of the shares of TMX Group — part of an integrated acquisition transaction to acquire 100 per cent of TMX shares.

The TMX has said it will continue its expansion plan, whether it comes to an agreement with Maple, or moves forward on its own.

Also on Wednesday, TMX Group announced the purchase of Atrium Network, a provider of capital markets data in Europe and North America.

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For more infomation about Pensions pop by the authurs blog

Ladies, gentlemen, and all others reading this piece of rant, please, be forewarned. Sometimes you find out that you really were happier not knowing the truth. The truth about pensions, government or otherwise, is about to be revealed to you, if, you have the courage to learn the truth about how things really work.
I will apologize upfront, as always is my moniker, for any digressing or ranting which I shall strive to maintain to the bare minimum. And I must say that in order to truly understand this article, you will have to read some of my other articles, or immerse yourself into a world of google searches and teach yourself about how government, business (big and small), and budgeting and accounting works. And often doesn’t work. In that spirit, I have decided to write seperate articles, addressing each issue seperately.

Now, before I lay down my wisdom, or lack thereof, on the line, I’d like to place my credentials on the table so that you, the educated reader that you are, can decide upon it’s worth. First, I am a retired military man drawing a Federal pension for which I risked my life and the well being of my family. Second, I am a state government worker, trying to secure a second retirement. Third, I managed several multi-million dollar government budgets and I was accountable, answerable, but could find no sense in the way government accounted for our dollars. Hard earned, blood, sweat toil, dollars. That my kids will never see. Nor will yours.

What seems hidden by the media in this matter is the truth of the other side of the story. No news network seems to be willing to address any fact other than to stir the masses on this issue. So I issue this challenge: any news media agency, please publish an article on your pension plans for your employees. I’ll publish mine. I scampered around to interview some people from different walks of life and found this.

Bank of Nashville employees apparently enjoy a pension plan, a 401k match program and have sufferred pay raises of only 3% for a few years. Manheim Nashville Auto Auction employees enjoy roughly the same benefit as do employees of Bridgestone North America. Wal-Mart employees were long offered profit sharing and many small businesses offer their employees pension options as well. Who are these companies? All the smart ones who want to obtain wealth. Cash. Moola. Gold. See, Uncle Sam, a.k.a. uncle sugar, actually does try to look out for us. In so doing, the tax laws are written so that any business that wants to establish a pension, or 401k, etc, must make it available to all employees. So when the doctor, dentist, lawyer, alarm company, plumber, etc., wants to stash some cash in stocks and 401k plans, they must share the wealth. They must make it available to all employees.

Now, let me try my best to explain briefly how these plans work, and, how your government makes them fail.
First, there are several pension plans, but let’s talk about the two most prevelant. Contributory, where employees put in a portion, and non-contributory, where employees don’t contribute any money. Most governments and companies originally attracted employees by offering a contributory pension plan. Now, under this plan, an employee automatically has a small portion of their wages taken to put into this pension fund. But before these funds are deducted from the paycheck, taxes (aka Social Security) are deducted. By switching to a non-contributory pension plan, employers are able to contribute the same amount of money to the pension fund, while avoiding having to pay the federal government any money on those funds in social security taxes. How? Because these are now classified as funds that are defferred. So the state, or business, robs the fed, and us, of taxes. But it saves the local government, and you, money. Why did we allow this? My only guess is that the government was trying to teach us to save for retirement and not rely on social security. Now, while this business of moving money around was going on, local governments began the idea of “borrowing” against the pension funds or avoiding making payments to the pension fund. Even when the approved budget allocated funds to the pension fund.

Well, the federal government began doing it. They borrowed from social security money to pay the bills. Why? Maybe it was to fund a school or a bridge or anything else they thought might get them through the next election. Yeah, we’ll pay our obligations to our employees and our people (you) next year. That’s right. The federal government took your social security money and went on a shopping spree. Many shopping sprees. And then the next. And so on. So, would you work for a company like that? Didn’t think so. Now we have cities and states, run by the people that the people elected, trying to lay blame upon the servants of the people for the budgets that now have come due. So here’s how it works, or rather, how it all goes to crud. Your government decides to buy a bridge, a road, a whatever, and decides NOT to pay any money into the fund that they are contractually bound to. Just like they robbed social security and handed out “I OWE YOU’S”. Yeah, the same thing that happened to many peoples retirement fund was an act of plagiarism. State and local government acted just like the federal government. Rape the fund, worry about it later. When I’m no longer in office and enjoying my lavish retirement check. Then comes the day of reckoning. For all of us. Meanwhile, they still hide money in the budget to fund their pet projects. I’ll explain that one in another article.

Look for “How government budgets work” and “don’t work”. Now what do I cost you? Nothing, nada zilch. My job brings funds into the state coffers that totally blows away what I ever get paid. So do the judges, court clerks, police writing speeding tickets, and on and on. Yet they present a budget that shows only what they pay us, not what we bring in, in terms of dollars. My pension will never cost you a dime………ever.How many business offer a pension plan? Way more that you think.