Welcome to the May Extreme Cash Giveaway! I’ve teamed up with some awesome bloggers to bring you the chance to win $200 cash! [Read more...]
I am suffering from a bit of burnout lately for a variety of reasons. I have several commitments and as you all know, I am a self-proclaimed workaholic. I wouldn’t have it any other way. However, due to so many commitments and wanting and needing to focus on certain projects, I am “taking a break” from the blog. I think when others have taken breaks they don’t post at all or give up their blog completely. That is not my intention here. I have a fairly rigid posting schedule here and post daily. I don’t want to have to be committed to that right now. I am also turned off by some bad etiquette by a few bloggers lately. None of it has been directed at me. Maybe it is I am older than a lot of bloggers, but I feel like many like being involved in drama that reminds me of high school. There is no need or place for that in the business world.
I need to do some “background” work on the blog, have a niche site I would like to get going, and of course all of my other work commitments. I guess for my readers the only major change is you won’t necessarily see daily posts. I will post a minimum of once a week and knowing me, it will be more often. I do have some follow up posts I promised and will definitely be posting those as scheduled.
I hope you all have a safe and happy Memorial Day weekend.
Should you consider cashing in your pension?
For many of us the recent financial crisis has had a profound effect on our family finances. In addition the options now available to borrow money or obtain funding has become far more difficult with banks and lending institutions making it extremely difficult to obtain any form of credit. This has caused numerous problems for individuals who are looking to raise finance for whatever requirements they have. This is one of the key reasons why many people are considering alternative ways of obtaining funds, with the option of selling their pension as being one which is proving very popular.
The term pension relates to a form of savings policy, whereby an individual places a regular amount of money into an account or policy, which is then usually invested to create a specific return upon retirement. There are various forms of pension available, with many people supplementing the state pension with an additional policy, to ensure sufficient income during their retirement years.
As with any form of financial transaction, the option of cashing in your pension needs careful consideration, as obviously when sold, the individual will no longer receive the relevant benefits of the pension which may well impact their future income. However it is perhaps a sign of the times that many are considering this option as they require the funding now and not in the future.
Selling a pension is in essence a simple process although there are certain elements that need to be considered. As with any form of pension, the value of the pension is of paramount importance. The value of the pension itself is determined by three main factors which are:
1) The amount of money paid in. This is usually a regular payment of a certain amount paid in over a period of time
2) The length of time that the pension has been held
3) The rate of interest that has been achieved over the period of the pension
All of the above inherently dictate the pensions actual value.
For those who are considering cashing in a pension, in terms of making a decision, the points that need to be considered include, the value of the pension itself to ensure the process is worthwhile, as well as taking into account the financial situation that the individual will find themselves in upon retirement.
Getting in shape has helped with my overall motivation but with so many jobs to keep track of it seems impossible to keep track of my productivity. Also, I forget something every day. Most of the time it is something small like forgetting my vitamins, but still I hate that feeling of not knowing what I missed. I also need to remember to make time for myself. My good friend and sister site owner of A Goddess of Literature has similar issues. Thus, she created a spreadsheet for us. I realized just how busy we really are when the sheet ended up with 70 daily line items (for each of us). Sadly, we seem to keep thinking of items to add to it. [Read more...]
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Giveaway ends June 14 at 11:59pm EST. Open to US residents only. Must be at least 18 years old to be eligible. To enter, use the Rafflecopter form below. Good luck!
Disclaimer: I was not compensated for this post. This blog is not responsible for prize fulfillment. MyPerfectGift.com will send the prize directly to the winner chosen randomly. See full terms and conditions in the Rafflecopter form. For questions regarding this giveaway, contact Bay Area Mommy.