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I am glad that our small quarterly magazine "Life-A Promise" has published on time. The extraordinary achievements of the children always motivated me. I am proud to be able to highlight the achievements of some of the children of Shillong in this issue.. Everbloom K. Nongrum, Miss Bipasha Dhar, Master Arman Sharma, Master Saruya Kanuar, Miss Debashmita Chakraborty these five little children has done extraordinary jobs in their respective field. This issue is the witness of their achievements. Our Best Wishes to these little kids. Gopinath Sir's wonderful article is like a gift to us. We must read again and again "Why Discipline savings is always ahead than financial intelligence". With your good wishes and love, I will go ahead with something new again. Thank you all.
Whether you want to teach your children or grandchildren smart money-management strategies, help them pay for university or set them up for financial success as adults, it’s important to jump-start saving and investing for them early on. For more information visit https://www.tudorfranklin.co.uk
I am glad that our small quarterly magazine "Life-A Promise" has published on time. The extraordinary achievements of the children always motivated me. I am proud to be able to highlight the achievements of some of the children of Shillong in this issue.. Everbloom K. Nongrum, Miss Bipasha Dhar, Master Arman Sharma, Master Saruya Kanuar, Miss Debashmita Chakraborty these five little children has done extraordinary jobs in their respective field. This issue is the witness of their achievements. Our Best Wishes to these little kids. Gopinath Sir's wonderful article is like a gift to us. We must read again and again "Why Discipline savings is always ahead than financial intelligence". With your good wishes and love, I will go ahead with something new again. Thank you all.
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Moneycation april 2015 newsletter; volume #3, issue #9A.W. Berry
Investing is a life-long process. People invest in themselves, in their careers and in other things. Financially speaking, investing in financial instruments helps prepare people for the future whether it be for retirement, a home or additional investments. Knowing what to invest in at different stages of life is a part of that process.
Value can have many different meanings. However, the idea of maximizing value is particularly relevant to personal finances. Considering value when making personal finance
decisions will have a positive effect on your finances. Not only will your wealth increase, you’ll also receive greater enjoyment and utility from the money you spend.
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The reality is there is no link between what you earn and how well you manage your money. That is good news for everybody. It simply means that regardless of our earning levels, we can all learn good money management habits and we can all aspire to a good level of financial security. Indeed, we can do more than just aspire; we can actually do something to achieve that financial security during our lifetimes.
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Какие проекты бывают и чем они отличаются?
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Edit, Record and Create Beautiful Videos Instantly + Host, Play & Market Your Own or CLIENT Videos For Evergreen Income WITHOUT Any Special Skills, Experience, Or Learning Curve
Moneycation april 2015 newsletter; volume #3, issue #9A.W. Berry
Investing is a life-long process. People invest in themselves, in their careers and in other things. Financially speaking, investing in financial instruments helps prepare people for the future whether it be for retirement, a home or additional investments. Knowing what to invest in at different stages of life is a part of that process.
Value can have many different meanings. However, the idea of maximizing value is particularly relevant to personal finances. Considering value when making personal finance
decisions will have a positive effect on your finances. Not only will your wealth increase, you’ll also receive greater enjoyment and utility from the money you spend.
Get WHITELABEL Rights to BOTH Creaite
And Our Plugin And Put YOUR Branding On
Our PREMIUM Web-App
So That You Can Keep The Secret Power Of Creaite
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The reality is there is no link between what you earn and how well you manage your money. That is good news for everybody. It simply means that regardless of our earning levels, we can all learn good money management habits and we can all aspire to a good level of financial security. Indeed, we can do more than just aspire; we can actually do something to achieve that financial security during our lifetimes.
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Что такое волонтерский проект?
Какие проекты бывают и чем они отличаются?
Где их искать и как в них попасть?
Сколько это всё стоит?
Какие плюсы и минусы?
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Professor Jamie Hopkins, co-director of The American College New York Life Center for Retirement Income, asked 12 leading financial planners and professors at The American College of Financial Services to give their tips for helping your clients secure an optimal financial outlook.
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3. AUGUST 2016 Columbus monthly 131
This is the time for a continually renewed
commitment to future goals.
“You should have 20 high-income years to
go until retirement, so maxing out all eligible
retirement plans is paramount,” Martin says.
Make regular assessments of investments
with your planner to keep progressing toward
future goals.
In your 50s
In this decade, goals will begin to come to
fruition, but you should continue contributing
diligently to savings and monitor progress.
“Like it or not, at this point your income is
most likely as high as it is ever going to be, so
make adjustments to your plan accordingly,”
Martin says.
By now, your own college costs likely are
in the rearview mirror, so all of the focus can
shift to retirement.
“If you are on track, build up as big a sur-
plus as you can,” Martin says. Because retire-
ment is looming ever nearer, this is a wise time
to assess risk and perhaps make changes.
“Pull back the risk in your portfolio, as you
don’t have as much time to recover,” Martin
says. “Stress test your portfolio to make sure
your chances of success are reasonable,
and look at different scenarios for yourself to
know your options. Plan for every negative
scenario that can occur, from both the vari-
ables that are within your control and those
that are not.”
This also is the time to purchase long-term
care insurance to ward against unexpected
depletion of your wealth and to pay close
attention to your parents’ finances to make
sure they are well taken care of.
In your 60s and Beyond
That dream of traveling the world or spend-
ing more time with family is upon you, but
there is still much to do. This decade repre-
sents a time of both freedom and responsi-
bility, and a new learning curve as you plan
for future expenses.
“The decisions you make in your 60s will
impact your lifestyle for the rest of your life,”
Martin says. This is the time to get familiar
with Social Security and Medicare to ensure
that all eventualities are covered. Keep tabs
on your portfolio and consider reducing risk
even further, with an eye to the future.
“It may make sense to fund an annuity to
mitigate longevity and market risk,” Martin
says. An annuity can provide a welcome
hedge against potentially outliving your retire-
ment savings.
This also is the time to consider leav-
ing a financial legacy. “Assuming that you
have taken care of yourself, determine the
excess capital available to you and make sure
your heirs are taken care of,” Martin says.
Once retirement funds are assured, Martin
recommends funding irrevocable trusts to
avoid estate taxes and thinking about leaving
endowments to special charitable causes.
“Most of all, enjoy yourself,” he says. “A
lifetime of hard work and careful planning has
gotten you this far, so now is the time to travel
and hopefully spend time with grandchildren.”
PAYING FOR EDUCATION
The cost of living typically increases 3 per-
cent annually. Savings accounts earn roughly
1.5 percent interest, and college costs are
increasing at 6 percent, says Adam Hill,
certified financial planner and president of
Maxwell Financial Management.
Those numbers clash in a most uncomfort-
able way for anyone looking to fund a college
education.
“Obviously, a savings account is not going
to be the best tool,” he says. The best choice
is to invest in a 529 Plan, a tool dedicated
solely to funding college costs.
“Most states offer tax deductions for funding
529 plans, and the investments grow tax-
free if they are used for qualified education
expenses,” says Certified Financial Planner
Ric Martin of Bluestone Wealth Partners.
“If you want to contribute beyond the maxi-
mum you can deduct, fund a 529 plan for
yourself and your spouse to take advantage
of an even greater deduction,” he says. “The
beneficiary can be changed at any time
without penalty, so you can adjust or change
beneficiaries later.”
Clients also can transfer ownership of certain
assets to their minor children through the
Uniform Transfer to Minors Act.
“Once in the UTMA, you can take advantage
of the ‘kiddie tax’ provision, in which the first
$1,900 of income is tax-free,” Martin says.
“Liquidate the shares and then move the
account to an UTMA 529. This accumulates
tax-free like a 529, but reverts to the child’s
control at the age of majority.”
Highly appreciated assets could include items
like company stock or other assets that have
grown in value over time, Martin says. “By
passing along the highly appreciated assets,
you could be reducing or redirecting the taxes
you will ultimately owe on the gains,” he says.
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