Analysis Topic: Personal Finance
The analysis published under this topic are as follows.
Thursday, August 13, 2015
Student Finance Bank Accounts - Choose Wisely / Personal_Finance / Student Finances
By: MoneyFacts
Within the next month, many students will be heading to university, and for some this could be the first time they will live away from home and be solely in charge of their money.
As a new chapter in their lives begins, students need to make sure they learn how to manage their finances throughout their further education, and one of the best starting points is picking a good student bank account.
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Tuesday, August 11, 2015
Game Theory and Retirement Choices / Personal_Finance / Pensions & Retirement
By: Dan_Amerman
Game theory is a hot topic in many fields right now and for good reason - it can uncover better ways of making decisions, that are often otherwise missed. A particularly good example is the uncommon insights that game theory can deliver for us when it comes to making better retirement decisions.
For our decision-making "game", let's say there is a $1 million pool of money to be split between you and nine other people. If you wait until the end of ten years to cash out - you and everyone else are promised that you'll be equally entitled to $250,000 each.
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Tuesday, August 04, 2015
Cutthroat Competition for UK One-year Fixed Rate Savings Bond / Personal_Finance / Savings Accounts
By: MoneyFacts
Over the past few years savers have had little to be cheerful about; however, research form Moneyfacts.co.uk can reveal that the savings market is once again showing signs of life.
Now that new banks are stepping onto the scene and competing for savers’ cash, Moneyfacts.co.uk has seen rates for one-year fixed rate bonds increase for one of the first times since the Funding for Lending scheme was introduced.
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Wednesday, July 29, 2015
Regular Saving Accounts to the Rescue of Savers / Personal_Finance / Savings Accounts
By: MoneyFacts
Research by Moneyfacts.co.uk reveals that savvy savers who use regular savings accounts for their short-term savings goals are reaping the rewards, earning more interest than with any other standard savings account.
Savings rates have been obliterated in recent years, but regular savers have remained relatively unscathed; Best Buy deals have stayed on top for the last two years and average rates have resisted a dramatic downward spiral.
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Wednesday, July 29, 2015
How Much Cash Should You Hold? / Personal_Finance / Credit Crisis 2015
By: DailyWealth
Dr. Steve Sjuggerud writes: "How much cash do you have at home?" I once asked a friend who is an extremely smart investor and businessman.
(The question wasn't too personal... He's a good friend and we talk about money. I had dinner with him at his home earlier this month in California.)
"I keep six figures at home," he replied.
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Tuesday, July 21, 2015
Bank Current Account Overdraft Fees Hit a High, Attacking Careful Customers / Personal_Finance / Current Accounts
By: MoneyFacts
Research by Moneyfacts.co.uk reveals that considerate customers who plan their authorised overdraft are being rewarded with higher fees, while those who fall into an unauthorised overdraft are seeing their costs reduce.
Providers traditionally charged interest on the amount customers borrowed in their overdraft, but in recent years other fees, such as usage fees, have been introduced. These fees sit either alongside the usual interest rate or in its place, and are designed to make bank charges clearer.
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Tuesday, July 21, 2015
RCI Bank UK’s Freedom Savings Account / Personal_Finance / Savings Accounts
By: MoneyFacts
RCI Bank UK is bound to shake up the easy access market yet again with an increase to its Freedom Savings Account, which now pays 1.65% from a minimum investment of £100.
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Monday, July 20, 2015
NISAs – Not that Nice After All / Personal_Finance / ISA's
By: MoneyFacts
A year ago George Osborne increased the ISA allowance to a whopping £15,000, enabling savers to stash more money away tax-free.
However, a year on and the ISA market is just as disappointing. In fact, since the launch of the NISA, rates have fallen ever further, with the average ISA rate dropping from 1.57% in July 2014 to just 1.44% today.
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Thursday, July 09, 2015
Are Roth IRA Owners Likely To Be Subject To Double Taxation? / Personal_Finance / Pensions & Retirement
By: Dan_Amerman
Roth Individual Retirement Accounts are an uncommonly attractive and powerful method of creating wealth for retirement when viewed from the usual financial perspective. What sets them apart is that contributions are made with after-tax dollars, but withdrawals are made on a tax-free basis – which is the reverse of most other retirement accounts.
This is among the reasons why Roth IRAs are enormously popular with many millions of retirement investors in the United States and why they are so widely recommended by financial planners, CPAs and many other financial professionals.
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Thursday, July 09, 2015
Budget 2015 - New 7.5% Tax on Dividends, Government Targets Small Limited Company Owners / Personal_Finance / UK Tax & Budget
By: Nadeem_Walayat
Whilst most eyes are on the deep tax credits cuts that amount to an average of £2k for 4 million households from April 2016 onwards. The Chancellor also announced changes to the taxation of dividends which will impact on small company owners who through limited companies currently are able to vastly reduced their tax bills through by a minimal salary so as to soak up the annual £10k tax free allowance and then pay the reminder of upto an additional £30k in dividends without paying any extra tax, due to the 10% dividend tax credit rule i.e. that for basic rate tax payers no additional tax is due on dividend income.
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Thursday, July 09, 2015
Working Child Tax Credit Cuts Average £2k per Household From 2016-17 / Personal_Finance / UK Tax & Budget
By: Nadeem_Walayat
As expected the Chancellor George Osborne took a hatchet to the Labour legacy Working and Child Tax Credits system that had mushroomed from an initial budget of £2 billion a year to £30 billion today, succeeding in creating a pool of some 4 million vested interest families and acting as a huge inducement for a 15 year long mass immigration trend into Britain which remains out of control as illustrated by the most recent immigration statistics (+318k).
Tuesday, July 07, 2015
Current Accounts Become a Salvation for UK Savers / Personal_Finance / Current Accounts
By: MoneyFacts
Rachel Springall, Finance Expert at Moneyfacts.co.uk, comments:
“In the past, current accounts paid less favourable rates of credit interest than standard savings accounts, but today, things couldn’t be more different.
“Savers can earn over three times more interest using a current account compared with the best easy access account on the market.* For this reason, it wouldn’t be surprising if savers flock to these accounts and abandon standard savings accounts altogether.
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Thursday, July 02, 2015
The Student Loan Bubble: Gambling with America’s Future / Personal_Finance / Student Finances
By: Peter_Schiff
Addison Quale writes: The federal government can't seem to help itself. After overseeing the inflating and bursting of the dot-com bubble in the 1990s and the subprime mortgage bubble in the 2000s, the United States government is at it again - this time in the area of student loans.
Student loan debt now stands at a record $1.2 trillion, which represents the second largest category of consumer debt after home mortgages. It has grown by leaps and bounds since the financial crisis of 2008 and now surpasses even car loans and credit card debt.
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Tuesday, June 23, 2015
How to Preserve Your Family’s Wealth / Personal_Finance / Taxes
By: Investment_U
I remember the scene well. It was the middle of drizzly, cool morning when the hum of the floatplane’s engine echoed through the mountains. The plane circled overhead once and landed on the strip of saltwater in front of us.
Monday, June 22, 2015
What You Need Instead of Income / Personal_Finance / Money Making
By: Investment_U
Alexander Green writes: The conventional wisdom is that everyone needs income .
If you’re like most Americans, you have mortgage payments, car payments, insurance payments, utility payments, credit card payments and perhaps even student loan payments.
You wouldn’t survive long in our modern world without income. At least, that’s what most people believe.
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Monday, June 22, 2015
If You Have Money in a US Bank Account Be Aware! / Personal_Finance / Credit Crisis 2015
By: Chris_Vermeulen
The Wall Street Reform and Consumer Protection Act of 2010 is better known as “The Dodd-Frank Act” to the American public. What the American public does not know about, is that it codifies a “bail-in” provision that ensures that the United States can conduct the type of bail-in that we saw in Cyprus.
The bank bailouts of 2008 and 2009 will now be history as Dodd-Frank authorizes the Federal Deposit Insurance Corp. to recapitalize failed financial institutions by confiscating customers’ deposits.
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Friday, June 19, 2015
Tax Havens the Worlds Last Economic Alamo / Personal_Finance / Taxes
By: Casey_Research
Jeff Thomas writes: “And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.” – Luke 2:1, New Testament
“Since the beginning of recorded history, the business of government has been wealth confiscation.” – Ron Holland
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Thursday, June 18, 2015
How to Make Tough Decisions Easy / Personal_Finance / SME
By: DailyWealth
Mark Ford writes: About 20 years ago, a professor of philosophy introduced me to an idea I have used to clarify my thinking, cut through confusion, and make business decisions time and again. You may find it as useful as I do.
We were having lunch, and the conversation turned to Nietzsche, the German philosopher and poet. I knew a little bit about Nietzsche. I knew he was anti-religion (as we say today) and believed man could perfect himself by self-assertion – an idea that made its way into the rhetoric of the Third Reich.
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Wednesday, June 10, 2015
Invest to Protect Your "Money in the Bank" / Personal_Finance / Credit Crisis 2015
By: ...
MoneyMorning.com Peter Krauth writes: "Like money in the bank" was once a phrase for something safe, predictable, and reliable.
Like holding money in the bank.
Lawmakers worldwide at the highest levels are currently transforming banking laws, and depositors are footing the bill for their ill-advised monetary maneuvering.
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Tuesday, June 09, 2015
How Technology is Revolutionizing Personal Finance / Personal_Finance / Technology
By: Boris_Dzhingarov
Unquestionably, especially in the last few years, the financial services industry has changed beyond all recognition from the days of bank opening times and hire purchase. Essentially, today's financial market place – for consumers at least – revolves around credit and credit ratings.
Some people bask in the glow of a robust credit rating but these days even mentioning it can be a worrying issue for some; yet they may be unnecessarily concerned. Some finance companies can help when it comes to a less than perfect rating. Decisions are made on a case-by-case basis so a poor credit score need not be an impediment to, say, a loan.
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