Analysis Topic: Personal FinanceThe analysis published under this topic are as follows.
Friday, May 22, 2015
Peter Krauth writes: The goal of a comfortable retirement is getting more challenging by the day.
That's overwhelmingly thanks to the Fed's Zero Interest Rate Policy (ZIRP).
A recent poll reveals Generation Xers, the next wave of retirees to follow the Baby Boomers, expect to be a whole lot more self-sufficient.Read full article... Read full article...
Tuesday, May 19, 2015
Inflation figures released today show that the Consumer Prices Index (CPI) fell from 0.0% to -0.1% during April, which is the first time the UK has fallen into deflation since the sixties.
Today, all 859 savings accounts on the market beat inflation, and of these, 666* (149 no notice, 78 notice, 231 fixed rate bonds and 208 ISAs) are without restrictive criteria*.Read full article... Read full article...
Saturday, May 16, 2015
War On Cash - Why the IRS Seized All the Money from a Country Store / Personal_Finance / Credit Crisis 2015
Another shot fired in the "War on Cash"
Editor's note: You'll find the text version of the story below the video.Read full article... Read full article...
Wednesday, April 29, 2015
Clint Siegner writes:
The War on Cash Escalates
The Federal Reserve bank and its owners, the largest banks on Wall Street, want badly to be able to charge you interest for the privilege of depositing your funds. The problem is getting you to stand for it.
Saturday, April 25, 2015
It's not on the front page...yet.
But it will be.
Some governments, central banks and mega-banks are waging a secret war on cash. They are even talking about outlawing the use of physical currency. This new reality might be closer than you think.Read full article... Read full article...
Thursday, April 23, 2015
Guy Christopher writes: There's a new front opening up in the war on your wealth. If you haven't heard yet of the “bail-in,” you will. Even if you have, you need to know the latest…
The bail-in is another weapon in the government's arsenal of capital controls meant to reward Wall Street cronies and separate you from your money.Read full article... Read full article...
Wednesday, April 22, 2015
Best Cash ISA 2015/16, Instant and Fixed Savings Interest Rates, New Flexible Withdrawal / Deposit Rule / Personal_Finance / ISA's
Good news, its a new tax year which means savers can deposit upto £15,240 into a tax free cash ISA savings account. Now for the bad news, the banking syndicate cash ISA rates remain at abysmally poor levels, despite some demand being siphoned off into the Coalition governments election bribe of the 4% paying Pensioner bonds against which no cash ISA can compete, though of course these bonds are only available to the over 65's.Read full article... Read full article...
Wednesday, April 15, 2015
Peter Krauth writes: With mid-generation baby boomers just entering the retirement wave, their ability to stop working is a hot topic that's getting hotter. Study after study questions the ability of public and private pensions to meet the needs of retirees.
Financial repression through the Fed's Zero Interest Rate Policy (ZIRP) has compounded the problems of underfunded plans and retirement accounts.Read full article... Read full article...
Tuesday, April 14, 2015
Inflation figures released today show that the Consumer Prices Index (CPI) stuck at 0.0% during March.
Today all 874 savings accounts on the market beat inflation, and out of these 681* (149 no notice, 79 notice, 243 fixed rate bonds and 210 ISAs) are without restrictive criteria*.Read full article... Read full article...
Friday, April 10, 2015
Don’t Get Sandbagged: Here’s Where the “New Credit Scorers” Are Watching You / Personal_Finance / Credit Cards & Scoring
Shah Gilani writes: In our talks here over the last week or so, we’ve been focusing our attention on so-called “Disruptors” – the catalysts of change that are impacting everything we do.
And one particular point that I made underscores just how wide-ranging these Disruptor-driven changes really are.
As I told you all last week, Disruptors are already changing how we communicate (smartphones), how we date (Match.com, eHarmony), how we mate (Tinder… or so I’ve heard), what we eat (genetically modified and so-called “super foods”), how we work (Monster.com, Jobr), how we get heat, cooling and light (fracking), how we get around (Uber and Tesla), how we get where we’re going (GPS) – and where we stay once we get there (Airbnb).Read full article... Read full article...
Thursday, April 09, 2015
Those of you in the US know that it’s the least wonderful time of the year: tax time.
Hopefully you haven’t filed your tax return just yet. Maybe you rushed it in because you feel ever so grateful to your government for letting you keep some of your hard-earned cash. Or maybe—like most of us—you wait 'til the very last day out of principle.
Either way, chances are you’re leaving money on the table. We want to show you how to get most of it back.Read full article... Read full article...
Sunday, April 05, 2015
Rachel Gearhart writes: Last week we looked at a chart showing how much annual income Americans think they need to be considered rich.
This week, we’re using the same Gallup Poll data to visualize the household net worth required to join the wealthy upper class. (This is, again, according to a group of randomly surveyed individuals.) The median number? $1 million.Read full article... Read full article...
Sunday, March 29, 2015
Andrew Snyder writes: It’s a tough subject. Nobody wants to admit they spent years of their lives - and thousands upon thousands of dollars - in an effort that may quite easily turn out to be detrimental to their financial well-being.
On Friday, I spoke to a small church group about what it takes to build lasting, liberating wealth. It was the second time we met and I knew going into the evening that it wouldn’t be easy.Read full article... Read full article...
Wednesday, March 25, 2015
Will Your Retirement Accounts Survive The Coming Tax Code "Revolution"? / Personal_Finance / Pensions & Retirement
Suppose that you live in a capital city under siege, that is surrounded by revolutionary armies. And while you don't know the exact timing or specifics, you do believe that the overthrow of the current regime is close to a 100 percent certainty. So you take your life savings and enter into a series of binding contracts with the current regime, under advantageous terms for you. The revolutionary armies enter the capital city, the current regime is ousted, the new regime repudiates the contracts of the previous regime – and you are left penniless.Read full article... Read full article...
Friday, March 20, 2015
Best Cash ISA vs Budget 2015 Scrapping Tax on Savings Interest on First £1,000 / Personal_Finance / ISA's
It's that time of the year again when many savers will be busy rushing to capitalise on their use it or lose it £15k cash ISA annual allowance, though having been raised in July 2014 from £5.5k to £15k does not make today's exercise as big a deal for most savers. Still up until this week it had been a case of ensuring cash is deposited in tax free ISA's than in taxed deposit accounts. However, now everything may be changing for many if not most savers following the Budget 2015 announcement to scrap tax on the first £1k of interest earned which with today's abysmal typical interest rates of 1.5% covers savings pots of as much as £65,000!Read full article... Read full article...