Personal Finance

The Ins And Outs Of Self Directed Investing

Self directed investing can be risky but many traders find it to be very rewarding as well. The proliferation of the Internet and other forms of communications technology has made it easier than ever to engage in this practice. There are many ways to approach this increasingly popular form of trading, but curious investors should review the advantages and disadvantages of investing without the guidance of a broker. It is also necessary to have achieved a certain level of investment sophistication to make this a worthwhile endeavor. What Is Self Directed Investing About? The average, non-institutional investor makes his or …

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Should You Convert Your Term Life Insurance Policy?

If you have a spouse or children and currently have a Term Life Insurance Policy, you may need to reconsider your options. Maybe you want to ensure that your partner or spouse isn’t burdened with mortgage payments, or that your children are left with substantial college loans in the chance something happened to you. Or perhaps, you simply want the comfort in knowing that your family will remain financially stable long after you are gone. Most Common Type The single most common retirement mistakes for most are not planning early enough and not having enough life insurance. There are some key differences …

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Rules of Investing Into Self Directed IRA’s

Self Directed IRAs allow the account owner to make all of their own investment decisions. Regulations for self directed IRA’s require that a custodian or qualified trustee holds the IRA assets, keep records pertaining to the IRA transactions, file IRS reports and send statements to the account owner.  With recent declines of the stock market, many investors are considering using self directed IRA’s to invest into alternative type investments.   But many are still confused on the rules and what you’re really allowed to invest into.   Here’s a closer look on the rules of investing into self directed IRA’s. What Can …

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Should You Do A Life Settlement With Your Life Insurance Policy

If you haven’t heard about them by now, you might be in a position to consider whether making a life settlement with your life insurance policy is really a good idea? Okay, but what is a life settlement, you ask. Well, here it is in a nutshell. Imagine you find yourself short on money. Say you have life insurance policy that you no longer need. One option available to you is to sell the policy to a third party for cash. These transactions are called life settlements. At present, a whole life insurance business has grown up around the practice of conducting …

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Should You Invest in Oil and Gas Royalties?

Crude oil prices have fluctuated more than market could ever hope or want to in the past 24 months. Crude oil prices rose 77.94% across 2009. As amazing as that seems, gasoline futures rose 93.27%. Diesel fuels was up 49.16% for 2009 and the heating oil rose 46.92%. With great gains like this, high net worth baby boom investors are taking a serious look at a special class of income producing investments, oil, gas, coal and share royalties. How do you get into the oil and gas royalty market? Well, oil and gas royalty interest may be bought and sold …

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Should You Get a Whole Life Insurance Policy or Term Life Insurance?

Life insurance is a must if you want to provide for your loved ones and protect them from financial problems after you are gone. There are two basic types of life insurance: whole life insurance and term life insurance. Whole life insurance protects you for your whole life. Term life insurance provides coverage for a specific period of time, such as five, ten, or twenty years.  Many people wonder which one is the best insurance and whether if they should get whole life or term life insurance. The Basics of a Whole Life Policy Whole life insurance policies, also known …

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Should You Invest Into Preferred Stocks?

Dividends are an essential part of a Boomer’s income stream in retirement.  Unfortunately, many stocks that used to pay handsome dividends have either dropped significantly or have been eliminated all together.  One solution as an alternative is investing into preferred stocks.   What exactly are preferred stocks?  Preferred stock are typically considered to be “hybrid” investments.   No, we’re not talking about a more fuel efficient stock.  Hybrid in that they have characteristics of stocks and bonds.   Let’s look at what the pros and cons of preferred stock. Preferred Stocks and Dividends As the “preferred” adjective implies, these shares are a step …

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Selling Your Home In Retirement

Retiring With Money Retirement is the time in life everyone has been waiting for. The time when you can finally kick back and relax, perhaps finally getting that beach home you’ve always dreamed of, and spending your days doing what you love. But you don’t quite have the funds to do all of that yet, and you’re not sure what you can do. The answer is easy, sell your home. It’s not uncommon for people that have retired or are about to retire to sell their homes and jump start their retirement funds. In fact, there are some retirement plans …

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Senior Citizen Dental Plans – Keep Smiling!

For senior citizens, having the right dental plan can be the difference between getting the dental care they need or not. There are four major plans for seniors that offer different benefits at different prices. Finding the right one can be difficult, selecting the plan that’s right for you never is, but a little help and some information can be all that’s needed to make a proper, informed decision. Lack of information shouldn’t keep anyone from getting the right plan for them, more so for senior citizens, and knowing exactly what you’re getting into is the first step to securing …

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Small Business Debt Relief Options

Unfortunately it is all too common for businesses to find themselves struggling with debt. It can be incredibly stressful to deal with a failing business at the same time that creditors, suppliers, and vendors are demanding to be paid. In order to save their businesses and get creditors off their backs, business owners often seek relief, either through help from the government or by filing for bankruptcy. Government Bailout Government bailout is typically not a debt relief option for small business owners. The government generally only steps in to help a company should its success or failure have a large …

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