Aug
25
So the new job offers employees
SEP IRA Plans for retirement. I have no idea how they work. They look a bit more flexible than 401ks at first glance, but I don’t know for sure.
I’ve been coming the net for info on How To Set Up A Sep Ira, but it’s been slow. This stuff just makes my eyes glaze over.
I’m hoping I’ll be able to set things up once and be done with it. Use dollar-cost averaging to smooth things out over time.
Let me know what you think about all this.
Aug
22
You know, those big marble halls at big banks may look impressive, but the fact is that they’re paid for by the customers. They just aren’t necessary anymore. You’re much better off with online checking accounts nowadays. I mean after all, it’s my money, and I’m lending it to them. They should pay for the privilege. And why should I have to pay fees to them? It’s not like I get to charge them fees when I borrow money from them. Specifically, captalone bank on line banking is a great deal. They pay good rates, and don’t charge all of those hidden fees that the big boys are always hitting you with. I know some people have issues with not being able to meet their bankers in person, but honestly I don’t really care about that. More people should check out internet banks instead of big banks. More on this soon.
Aug
12
My Experiences With Selling Structured Settlements
Filed Under Finance :: Wealth-Building | Leave a Comment
I’ve been noticing a new crop of companies focusing on Selling Structured Settlements these kinds of services can provide value for people who need a lump-sum of cash right away, but folks should read the fine print carefully.
My inquiries into Annuity Loans on the Internet have done little to bring me closer to a decision. It’s been frustrating - there aren’t very many unbiased sources of information.
It’s frustrating, but I’m going to have to make a decision one way or another at some point.
Alright - that’s all for now.
May
27
I’ve been banking at Wells Fargo for years, but I’m fed up with the lousy rates they pay for their deposit accounts. I’ve decided to look into internet banks instead. There are much better deals to be had there, It’s your money, after all, and the banks make money off it just by virtue of having it. It hardly seems right that they would nickel and dime you to death with fees on top of it. Check out ING Electric Orange Checking Accounts for example. Their rates are way higher than anything you can get at the big corporate banks. And banking online is easier than dealing with lines at tellers anyway. I mean, who wants to wait in line at a bank branch when you can get your business done in a few seconds online? If you’re not earning a good return, you might want to check them out as well.
May
22
The dollar has taken a beating in recent years, as we all know. I think it’s time to check out
International Bank Accounts. Perhaps get a bit more diversification from our ailing currency
From what I have read about choices for an International Bank Account In the USA, there is good potential there to protect myself from a collapse in our currency.
The worst case is that the dollar recovers, and my other holdings bounce back.
Your comments are welcome as always.
May
22
My company is offering
SEP IRA Retirement Plans as its primary retirement benefit. I’m thinking that signing up is a good idea, but I don’t know how the whole process works.
I’ve been coming the net for info on Sep Ira Contribution Limits, but it’s been slow. This stuff just makes my eyes glaze over.
Hopefully I’ll be able to set things up and just let them coast after that. I don’t like micro-managing financial stuff.
May
17
Online Bank Accounts
Filed Under Finance :: Wealth-Building | Leave a Comment
I’m firing Citibank. They just aren’t a great deal anymore for my money. I’m looking at Washington Mutual instead, and some of the other internet savings accounts as well. Much better deals to be had. I mean after all, it’s my money, and I’m lending it to them. They should pay for the privilege. And why should I have to pay fees to them? It’s not like I get to charge them fees when I borrow money from them. I’ve been checking out WaMu Online Personal Checking. They’re a pretty good deal. Low fees, good rates, good access. And I can use any bank’s ATM. Who cares if the big banks have more ATMs when they will refund your ATM fees from any other Bank? Now I can use any ATM in town. More people should check out internet banks instead of big banks.
Mar
22
There are some risks related to structured settlement sales. The main thing is that a large amount of money must be correctly invested and managed when you sell structured settlements, while not everyone is capable of it. Unless the victim or their family has experience investing large amounts of money, they will have to hire a financial advisor to handle the sum. Also, while the monthly payments from a structured settlement are not taxable, the returns on the invested money received from a structured settlement sale are taxable, and there is always the risk of handing the investment to the wrong person and having the money simply disappear due to theft or mismanagement. A structured settlement can prevent this. Because the money is handed out in smaller increments, there is less need for a financial advisor. And with no financial advisor, there is less of a chance of theft or loss of the funds, which would leave the victim without financial aid or income.
Jan
25
Online Banking
Filed Under Finance :: Wealth-Building | Leave a Comment
I’m firing Citibank. They just aren’t a great deal anymore for my money. I’m looking at Washington Mutual instead, and some of the other online banks as well. Much better deals to be had. I mean after all, it’s my money, and I’m lending it to them. They should pay for the privilege. And why should I have to pay fees to them? It’s not like I get to charge them fees when I borrow money from them. I’ve been checking out WT Direct. They’re a pretty good deal. Low fees, good rates, good access. And I can use any bank’s ATM. Frankly, I couldn’t care less about meeting a banker in person. I’d much rather do my banking online with a click or two than wait in line at the branch. In fact, I think most people would be better off switching to an online bank.