Knowledge Base
March
13
ISA Equity Loans Versus Flexibile Equity Loans ISA equity loans are loans that come with "financial vehicles" In other words, if you have an interest only loan, and select the ISA loan, the lender will request that you agree to a "financial vehicle" to guarantee that you will repay the mortgage off by the end of the term The vehicles may include 'pensions,' ISA, and 'endowments' This means that when your monthly installment is due, you will repay the interest rates on the loan Thus, the loans are ...
March
13

What Is A 401(K) Plan?

Posted by: Category: Finance
What Is A 401(K) Plan? The 401(k) retirement plan is funded by employee contribution and a matching employer contribution The major feature of the plan is that the contributions are taken from pre-taxed salary The fund accumulates tax-free until it is withdrawn Most businesses and tax-exempt organizations can create these retirement plans The 401(k) takes its name from the IRC (Internal Revenue Code) of 1978 The operation of the 401(k) is administered by the EBSA (Employee Benefits Security Administration) of the Department of Labor The 401(k) plan has a ...
March
10
Medicare, Social Security and Retirement Everything keeps changing, how do I keep up? Why is there so many choices? This is common question and concerns of most seniors today The cost of health and prescriptions is higher today for seniors, averaging over $50000 a month With fixed incomes, a comfortable retirement seems to be slipping away Retirement is re defining itself The days of a lifetime pension and 401ks are being wiped out You must think and live different than our Mothers ...


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