Healthier, Happier, And Safer: Improving Our Family Lives

  • March 21, 2019

Improving Our Family Lives

As parents, we have numerous concerns about our family as a whole, whether it's family finances or ensuring that our children are getting the most out of life, but we can feel that this concern spills over into our lives in other ways. As a result, we could feel that we’re being too protective, but it's essential that we help our family lived a safer life in general. What does this entail, and what can we do to make sure that we are living a safer life without over-egging the pudding?

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Money Talk For Brits Retiring In America

  • March 21, 2019

Money Talk For Brits Retiring In America

More and more Brits are taking the plunge and moving overseas. America has become a popular choice for a lot of them, and it’s not hard to see why. After all, our vast country has so much to offer! When moving abroad, there is a lot that needs to be considered, and money is one of the key areas of discussion. With that being said, read on to discover some key pieces of advice for those retiring in the USA specifically.

Transferring your pension

QROPS stands for Qualifying Recognised Overseas Pension Scheme. This pension has been designed for British expats and international workers who are based offshore yet have pension rights in the United Kingdom. The whole purpose of QROPS is to essentially give anyone who has British pension rights much easier access to their retirement savings in the instance that they were to move abroad on a permanent basis. This type of UK pensions transfer is extremely beneficial. Let’s assess some of the key advantages.

  • One of the main attractions to a QROPS is the ability to bypass the continual government interventions occurring in regards to pensions in the UK. This includes everything from changing lifetime allowances, to scrapping allowances, to moving back retirement dates.
  • Another advantage of opting for QROPS is the fact that you will have the ability to have your pension income denominated in a currency other than sterling. If you were only able to draw your money in sterling you may end up losing substantial value when it comes to your pension savings.
  • A great gain achieved via going down this route is the fact you will benefit from much more flexible investment options out of the UK.
  • Flexibility with regards to investment is not the only thing you will gain advantage of. You also have the opportunity to choose from self-managed and managed schemes.
  • In most instances you will find that the tax rates in QROPS jurisdictions are often much more competitive when compared with rates in the UK. This is worth elaborating a bit further on. Let’s say you don’t seek a UK pensions transfer but you retire outside of the UK. As a result your pension payments from the UK will actually be treated as UK taxable income. When you consider the fact that this is a country with a top rate of 50 per cent for high income earners you see the evident issue. With a QROPS you can avoid tax being deducted from the source.
  • It is also possible to avoid the 55 per cent tax put in place on anyone in the UK who opts to take their lump sum but does not buy annuity. What happens in this instance is that if you die and your UK pension is in drawdown you can leave the lump sum to your heirs. However, you will suffer the 55 per cent penalty as mentioned. If you have a QROPS it is possible to avoid this because these tax penalties do no longer apply to a QROPS if you have been a non-UK resident for five whole tax years.

Consider expert advice

A QROPS may all sound a bit confusing to you if it is something you have never considered greatly before. But don’t worry, as this is why experts are on hand to ensure your UK pensions transfer runs smoothly. Experts will be able to assist if you are also not yet in the retirement phase, but soon will be. They can set up a self directed IRA or any other type of financial product that is going to set you up for your retirement in the USA.

If you are planning on retiring in America, it is so important to make sure that you have all of your finances in order. Firstly, you need to think about how you are going to manage your money right now so that you have enough for your retirement. You then need to consider how you are going to transfer your pension so that you will receive this money while you are living abroad. Hopefully, the information provided in this blog post has been of assistance.

Health Problems That Could Be Affecting Your Career

  • March 19, 2019

Health Problems That Could Be Affecting Your Career

Everybody becomes ill from time to time, and whether you’re suffering from a common cold or a stomach virus, you’re usually back to yourself within a week. However, sometimes health problems can creep up on us and affect our lives without even noticing them. This can, of course, be a problem in regards to the general quality of life and also your career. Without proper treatment, your career prospects could drop and you could begin to struggle financially. So if you’ve not been feeling yourself lately, or you want to know what to look out for, take a look at these health problems that might be affecting your career and what you can do about them!

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The Signs Of An Honest Mechanic

  • March 18, 2019

The Signs Of An Honest Mechanic

Any car owner will know how difficult it can be to find a mechanic who they can trust completely with their vehicle. There are a lot of dishonest and unreliable mechanics out there who will try to fleece their customers for all they can. They often charge well over the going price for any repairs and fixes, and could end up making as much work as possible even when very little needs doing to the auto. As a result, the owner ends up with a huge bill for repairs and new parts that weren’t really needed in the first place.

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6 Reasons Why You May Not Want to Refinance Your Mortgage

  • March 15, 2019

6 Reasons Why You May Not Want to Refinance Your Mortgage

Though buying a home still presents one of the most straightforward ways to build equity while solving an essential life need, it’s not the safe investment it used to be. Of the roughly 80 percent of Americans in debt, a significant amount of people suffer from high mortgage balances.

Per Comet, nearly 50 percent of Baby Boomers owe an average of $127,000 on their mortgage. Around 44 percent of Generation Xers owe an average $142,655 on their homes compared with over 21 percent of Millennials that have a balance of $144,735.

With so many Americans having equity along with mortgage debt, refinancing may seem like a sensible way to go during difficult times. But this isn’t always the case.

Here are six reasons why you may not want to refinance your mortgage.

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What You Need To Do After A Personal Injury

  • March 14, 2019

Although it is a rare occasion and likely will never happen to you in your lifetime, there is always the possibility that you can get into an accident this year which isn’t your fault, and this can lead you to need compensation and care. Today we are going to take a look at what you need to do if you are ever in this situation and how you can help yourself recover and get what you deserve.

Gather evidence

If you are physically able once an accident has occurred either on the road or in your place of work, try to gather some evidence to help your claim later on in court. For example you could think about taking photographs and video clips of the scene, talk to witnesses and get their details, and make sure that you have everything you need to prove it wasn’t your fault. It can be hard sometimes to think about gathering evidence during an accident because you may be suffering from shock, but it is something you need to consider for your own sake later on.

Get medical help

The most crucial thing that you have to do after an accident is go to the hospital and make sure that you check for any injuries and be sure that you are ok. Even if it t doesn’t look like you have an injury in an initial glance. There could be some damage inside the body so it is worth asking for help. Make sure you get all the treatment you need including procedures, physiotherapy and personal injury pain relief and be sure to keep a record of everything for later on in court.

Find a good lawyer

The biggest challenge you will now face once you have gotten yourself treated and you are recovering, is to hire a good lawyer. A lawyer is someone who will be integral to your claim and you need to be sure you choose the right one for you. Take the time to search the area for lawyers and narrow down your options to a few different firms. The best thing you can do is meet each of the lawyers face to face in your office and be sure to check what facilities they have and how they behave. It is incredibly important that you get along with your lawyer and that they are friendly and kind; so make sure to take this into account during your search.

Win your case

The most important thing you can do once you have chosen a lawyer is get all of your evidence together and build up a solid case for yourself. It shouldn’t be too much of a challenge to win your claim if you are in the right and witnesses can always be a vital thing for you to have on your side. Remember that the more evidence you have the better, and it will all come together to allow you to get what you deserve.

There’s No Greater Wealth Than Your Family’s Health

  • March 12, 2019

There's No Greater Wealth Than Your Family's Health

There’s no denying that your wealth and your health are closely interlinked. We talk a lot about financial stability on this site, but you shouldn’t want money for the sake of being well-off. At the end of the day, the wellbeing of your family is the most important thing. You should always seek financial stability for the sake of keeping you and your loved ones healthy. That being said, you definitely shouldn’t worry about money to the extent that it makes you unhealthy. There’s no greater wealth than your family’s wealth, and we’re going to talk about how to keep you and your loved ones healthy in this article.

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3 Tips To Help You Determine If An Apartment Is Worth The Rent

  • March 11, 2019

One of the largest monthly expenses that the average person has to pay is for their housing. Ideally, you shouldn’t be paying a huge percentage of your monthly income toward your housing costs. But even if you’re within a good range, it’s still possible that you’re paying too much for your rent or that you’re not getting what you should be for the amount of money you’re paying for your rental property. So to help you know if what you’re being charged is fair, here are three tips to help you determine if an apartment is worth the rent.

Ask Around The Neighborhood

Whether you’re considering moving into a new place or you’re wondering about the rent you’re currently paying, it’s a good idea to find out some information about what the other people in your area are paying by asking them. Especially if you’re living in an apartment, you can likely find someone who has a property with the same stats as yours, which makes drawing comparisons very easy. According to Ron Leshnower, a contributor to The Spruce, as long as you speak to one of your neighbors who has essentially the same sized home you do, you should be being charged about the same amount for rent. If there are big discrepancies, it might be cause for concern.

Consider The Amenities

Something that can make any property worth more or less is the amount or quality of amenities that are available as part of your rental agreement. Some of the amenities that could make an apartment worth more, according to Trulia and, include a fitness center, doorman, additional storage, Wi-Fi, on-site parking and more. So if the perks for living in a certain place are considerable, it’s likely that the rent amount will reflect that by being higher than it otherwise would just for the space alone.

Weigh The Location Versus Your Needs

If you’re wanting to get an apartment in a very desirable area, you can expect to pay a rental price that will match. When a property is in an area that people want to live, the landlord can afford to ask for a much higher rent, even if the property itself isn’t ideal. According to Jacqueline Curtis, a contributor to Money Crashers, if the apartment is near public transportation, has a great view, is in a safe neighborhood, or is in a particularly convenient location, rent prices will likely be high, even for a small space.

If you’re trying to decide whether or not an apartment is worth the price of rent, consider using the variables mentioned above to help you determine whether or not a property is worth the financial investment for you and your needs.

Best Indoor Walking Routine

  • March 8, 2019

Indoor Walking Routine

Exercising outdoors is enjoyable and brings a lot of health benefits. Some workouts, such as walking, jogging, or cycling, are fun when done outdoors. However, you may find yourself stuck indoors for a while. To keep up with your training, you may be forced you to move your walking routine indoors.

Here are some of the ways that can help you keep up your training routine even when you're bound indoors.

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Fighting The Threat Of Foreclosure

  • March 8, 2019

Fighting The Threat Of ForeclosureThere are few words that send shivers down the spine of a homeowner like foreclosure. However, it’s easy to find yourself in the situation that you have to deal with it. Unexpected bills, growing debts, the loss of a job, all of it can put you in a risky situation. But you may be able to find a way out of it with the tips below.

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