Info On Money

The Reverse Mortgage Industry as looked at by IOM

Thu, 03 Dec 2009 15:05:06 +0000

As you know, my job here is to provide you as much information on the reverse mortgages industry as possible so you can make an informed decision and avoid all the pitfalls and troughs of regulated financial industries. One important point never to forget in this industry is that taking any money from your home can cause the inheritance received by your heirs to be smaller. Of course if you are tapping into the equity in your home, there will be less left for those you want to leave the house to.

There are plenty more pros and cons to remember. One of the pros is that the money that you receive from the reverse mortgage is tax-free as the money is already yours and thus is not taxable. Think about what you could do with an extra $30,000 tax-free from a reverse mortgage?

Manage your retirement – pensions or equity release

Tue, 04 Aug 2009 23:02:38 +0000

One of the biggest issues facing the retired community today is the serious concern over the eradication of pension funds and mutual funds. This is going to be a big shock to those coming up to retirement in the coming years. It is not a joke and something that the government has to jump in to address. Some critics are calling for the head of the english PM whilst the Obama revolution has only just started, with critics no doubt waiting in the bushes to come out at the first sign of a mistake.

One thing is for sure and that is pensioners need extra finance to continue their life smooth as they were living till their retirement. They may need to pay the bills like car insurance bills, etc. Where will this come from? Baroness Hollis puts forward equity release as an option but not many are taking to it. It will come in time, as soon as SHIP begin to regulate equity release a bit better. Until then, we wait with baited breath to see what the American’s are doing when it comes to reverse mortgages. Keep checking back as this is an important subject that needs to be monitored on a close basis.

Beware – there are misfit personal loans out there!

Mon, 27 Jul 2009 14:58:37 +0000

Never hurry when trying to get a personal loan. It is not advised to take personal loan that is not in tune with your repayment abilities. There are a number of personal loans available but you should consider the one that is best suited to you. Try catching up for information in detail before choosing one for yourself. Personal loans that may sound ideal for others may not be the best for you. Be smart and try to compare the service and rates of personal loan service. Make a comparative study and then choose the best personal loan company. If the company is good then it may always provide you with all the details that you may require. You have to understand the interest rate and repayment options before picking up one personal loan for your self.

The Money Site

Sat, 18 Jul 2009 02:17:55 +0000

Everybody has money, right?

If not lots then at least some. What is the important thing is the ability to manage money as best you can. Some simply can’t do it. Others like to think they can keep on top of their finances but as soon as a curveball comes, they bury their head in the sand.

Well, my entire life has been dedicated to managing money as I, in my previous life, was a financial accountant.

Let me walk you through various tips on how best to manage your cash and keep your finances in check.