Ensuring Your Small Business is a Success

April Boone

The time you spend working in your business has value. And that is a value that you should always consider when calculating the success of your business. The time you spend is a real number just like the supplies you buy.

There are many ways that you can determine whether your small business is doing well. You can track your profits, run a stock-check, work out your marketing success, and so on and so forth. However, the best method to ensure that you’re in the black (or green, as is the money.) is to calculate your ROI. Say what?

ROI is an acronym for Return On Investment. Whether you’re business is doing well, or will continue to do well using your present products and marketing techniques, is a matter that is decided by your ROI. This is why it is extremely important that the ROI is calculated in the right manner. Most small business owners tend to calculate their ROI disregarding hidden expenses, and in fact, disregarding their own time. You are working at your business, right? Doesn’t the amount of time you spend on it count? Of course it does.

Basically, the ROI is a ratio of the return of money directly generated by your marketing and the total amount of resources used for it. In simpler terms, your Return on Investment is calculated by taking the net amount of your business returns and dividing that by the total resources invested into it.


ROI = (Payments from Investment – Cost of Investment) / (Cost of Investment)

Miscalculating your ROI can lead to you feeling falsely secure because your small business is doing well, when it actually isn’t. This is why, when getting your ROI, you must include all resources used, most important of which is your time. When small business owners calculate this ratio, some may actually feel they’re better off working full-time.

If you’ve just opened up your business, your ROI is bound to be quite low. This shouldn’t discourage you. However, if your ROI is still low after two years, it may be time for a change of products, or marketing techniques. And if it’s still low after ten yearsArticle Search, then you’re better off getting a better pay for your hours elsewhere.

Get more about small business issues at FreelanceSprout.com.


April Boone is the owner of Global Marketing Solutions in Foley Alabama.

How Commercial Loans Help Expand your Investment Portfolio

Author: Aidan Kellsey

A commercial loan makes it easier for those seeking opportunities to expand their investment portfolio. Instead of letting your money freeze, let your finances work for you and earn you a regular income through property rentals.

A commercial loan makes it easier for those seeking opportunities to expand their investment portfolio. Instead of letting your money freeze, let your finances work for you and earn you a regular income through property rentals.

To beging with, aim for a property in your neighborhood that is for sale and have it rented. This way, it is less difficult for you to monitor and manage the occupants of your estate because you have established your presence in your area.

Once you have gathered the experience of managing your own investment property and have faced and settled issues along the way, you have earned the right to invest in properties outside the vicinity, maybe in another neighborhood, another state, or another country.

Qualifying for a Business Loan

Since the prices of real estate properties are shrinking, it is best for most people to invest in these today. Banks, however, have exercised prudence and have put up strict requirements for borrowers.

The entire loan procedure starts when a broker provides you with estimate of the value of the asset have mortgaged in a commercial loan.

Before a business loan is approved, the bank or lender demands more requirements such as specific details of the investment property.

The bank or lending company would want to know the location of the property, the nature of the property, revenues in the past two years, and the taxes paid. Most importantly, they would also like to understand how the property will be managed and what is the estimation of its performance in the real estate business.

The chance of a commercial loan approval highly depends upon the kind of information provided to the bank. It will also be a good idea if you will seek professional assistance on this issue.

Tips in Getting an Investment Loan

Here are some tips that you may want to use should you decide to join the investment game in the future:

* Keep your credit record clean.
* Have up-to-date records of your properties.
* Always be updated with the movements in the investment market.
* Be aware of the current lending rates.
* Teach yourself on how to negotiate.
* Be informed about the asset you are eyeing.
* Always have a business plan prepared.

The times now surely benefits buyers as assets are at very low prices. There may be an extravagance of investment assets following the mortgage mess. Always keep in mind, however, to evaluate the practicality of the property before you line up at the auction block.

today if you’re firm in your decision of getting in to the investments business. Lawrence Yun of the National Association of Realtors believes that inflation may further go up as a result of federal cuts. This report was published in BusinessWeek and was written by Peter Coy. It’s then important for you to invest now if you want to expand your investment portfolio.

About Author

Invest in your future now with a practical commercial loan, like an apartment mortgage or office building loans. Visit NationalCommercialFunding.com now for a free quote.

Article Source: http://www.1888articles.com/author-aidan-kellsey-7550.html

Easy Commercial Real Estate Loans

Author: Aidan Kellsey

Investors are provided with several loan packages, depending on their business and loan requirements.

Investors are provided with several loan packages, depending on their business and loan requirements. Non-traditional lending companies provide loans for $500,000 to $5,000,000 and give these at considerably reduced interest rates (1%-3%).

The Security Enforced on Loans

Purchasing business premises, expanding business boundaries, developing property and investing in commercial or residential properties are but few of the most common reasons why people apply for business loans. Negotiations on the kind of security attached to the loan are accepted for the sole purpose of letting the borrower take advantage of his/her loan.

Private lenders offer quick and dependable service to those who want to apply for a small or a big loan because they do away with the red tape and unnecessary paperwork that prolongs the loan application procedure.

Banks and other traditional lending firms offer a standard procedure for refinancing and getting a mortgage. However, the value of the collateral and not the borrower?s credit history is the major consideration of lenders when approving commercial loans.

In applying for a commercial loan, you are required to make use of a commercial real estate property as security. It must be in good condition, otherwise lenders will charge you with a bigger downpayment or disqualify you for an apartment loan while they evaluate your application using the loan-to-value ratio.

The Buyer-Seller Transaction

Commercial real estate loans need a buyer-seller relationship. Before one can select an investment property, one must check the available estates for sale to seek out the best property and get top value for one's funds. Sellers have to ensure that their estates are in top condition and the documents are available for reference.

When buying a property, buyers assess its location and condition. Because buyers don?t like to incur more travel expenses when checking on the property and dislike to inconvenience possible customers, they want ease-of-access and less traffic. Good condition is important as the opposite would require added expenses to take care of primary repairs.

The LTV Ratio and Commercial Real Estate Loans

The loan amount is calculated using the loan-to-value (LTV) ratio. This figure is the ratio of the amount of a loan to the appraised value of the property pledged as security. For instance, an estate quoted at $180,000 will give a borrower $150,000 for the loan.

The LTV ratio is indirectly related to the risk of the borrower. This suggests that high risk borrowers, or those with not-so-good credit history, are given lower LTV ratios. In addition, by giving high LTV ratios, lenders are shielded from the pressures of foreclosures. In isolated cases, a full ratio may be awarded to the deserving borrowers.

In general, factors such as the borrower?s credit standing, success and type of the business you are managing and nature of the estate about to be purchased are evaluated by the lenders before approving a commercial loan. The good news is, the NCF has a better way of processing loans as compared to those of the traditional lenders.

About Author

Start investing with low-interest commercial real estate loans, multifamily apartment loans, or mobile home park loans. Visit NationalCommercialFunding.com today and get the loan that's suited for your investment needs.

Article Source: http://www.1888articles.com/author-aidan-kellsey-7550.html

Auto Loans Bad Credit - Providing an Opportunity to Bad Credit People

Author: Mark Nikolos

Auto loans bad credits are opportunity given to borrowers with less than the perfect credit score. Interest rate will be a bit high, so you need a proper home work for a negotiation. Lenders are also available online to be more accessible. So do not miss this opportunity of driving your own car.

If you have credit problems and finding it really difficult to stay hard on financial life and you do want to ride in the car of your dreams, then auto loans bad credit will help you to ride the car and re-establish your credit status very much easily.

The reasons:

A person can get into credit hazards due to any of the followings – late payments or defaults in the previous debts, arrears, declaration of bankruptcy or CCJ etc. Once you have been tagged with bad credit, it is really hard to find out any type of external monetary support from market to sort out your financial or personal problems. So in this situation if you still do want to drive your car then auto loans bad credit will help you to achieve this goal easily.

Credit effect:

In loaning market before giving any monetary support to the borrower, the first thing a lender does is the evaluation of the credit score of the borrower which is in your case is low. So obviously the lender will expect some sort of security against his money and the best way to provide it is to pledge collateral against the loan. In most of the case you can place your car itself as collateral.


As already explained these loans are of types secured. Interest rate charged against the borrower is quite high in this case. So be ready for a tough negotiation.

A down payment has to be paid against the loan which will greatly help to decide the amount and interest rate of the loan. The more you pay in form of down payment the more benefits you will get.

With increasing popularity these loan are now available at every lender in market. If you want you can go for online lenders also. Go through all quotes available onsite and select the best among them.

About Author

Mark Nikolos is an expert consultant on bad credit car loans. His expertise in this field gives him an edge when it comes to providing information on technicalities and what to keep in mind when financing your car. To find bad credit car loans, used car loans visit http://www.capitalcarloans.com

Article Source: http://www.1888articles.com/author-mark-nikolos-8730.html

You Can Solve Any Problem

"Believe it is possible to solve your problems. Tremendous things happen to the believer. So believe the answer will come. It will." Norman Vincent Peale

Doesn't it sometimes seem like everyday our lives are just filled with little problems? They are everywhereour car breaks down, the dog runs away right before work, or we run out of milk. Before long a person can go crazy! But, we get through these inevitable annoyances in our day.

But, how about the big problems? What about deciding to relocate to another area of the country? Or knowing that your business has lost tons of money this month? What about figuring out if you should change careers? These are the types of problems that often bring us to a full stop. We aren't sure what to do. What if we make the wrong decision?

Many of us agonize over our big problems for weeks, even months at a time. We think through every single possibility and outcome that could arise because of this problem. And often times, that is all we ever do. We just think about the problem. We don't do anything about it. We believe, somewhere deep down inside of ourselves, that if we put off the decision-making process just a little bit longer, than perhaps the problem will be magically solved.

There is nothing worse than carrying around a big, heavy problem. It weighs you down and tires you out. You can't ignore it; it's right there on your back, like a 50 lb. backpack. You may try to move on with your life, but it's going to be difficult. Wouldn't you rather take off your heavy load and take a rest? It's easier than pretending that it's not there.

Problems are never solved by ignoring them. Inevitably, we need to take our problems by the horns and wrestle them to the ground. It might be hard work; in fact, you will probably acquire a few bruises along the way. But what is the alternative? You surely don't want your problems knocking you to the ground! So take out your red cape and face those problems head on...YOU are the one in charge! . Most people become paralyzed with indecision when they are faced with a monumental problem. In fact, it is part of human nature. There is a part of us, deep-down, that feels that if we ignore the problem, then it will simply go away. We try to divert our attention to anything else except for the problem staring us straight in the face.

In other words, we give up. We feel that life has gotten the best of us. Basically we see our problem charging at us 100 mph. Instead of standing up to our problem, we allow our problem to knock us down. And after that, we can't get up.

No matter how much we hide from our problems, they ALWAYS find us. So, forget about running, hiding or ignoring...these strategies never work. In fact, they only make the problem worse.

The first step in solving a problem is to clearly define the problem. We need to admit that we have this problem. Believe it or not, most people don't even do this much! People tend to use the "ignoring strategy" and it never, ever works.

Second, you need to put yourself in control of your problem. You cannot allow the problem to control you. Researchers have found that whenever people feel that their lives are beyond their control, their life satisfaction is reduced by 40%. That means that you have no choice but to use strategies that will solve your problems and put you back in control of your life.

Third, you cannot allow your problem to consume and define you. You are not your problem and your problem is only one very small aspect of your life. This much is true. Many people exaggerate their problems and begin to only see their life in terms of their problem. Never make this mistake...it will be detrimental to your happiness.

Scientists have found that happy people see problems as temporary, solvable and isolated. Unhappy people view problems as all-consuming and a definition of who they are. Work very hard to see your problem realistically. Of course your problem may be monumental. It may be a very difficult problem to solve. But there are other aspects of your life.

In order to be truly happy, you will need to directly address the problems in your life. And unfortunately, as one problem disappears, another will surface. Such is the nature of life.

We all must realize that problems are indeed a part of life. Your life will never be problem-free. That is impossible. Instead, you will need to accept the fact that there will always be a problem to solve. Some of these problems will be small, some will seem enormous.

Our goal is not to hope that problems will not come our way. For problems will always be making their way to our doorstep. Our goal is to learn how to react to our problems. We need to understand that we are in charge of how we will approach the problems in our lives.

How you decide to solve your problems is up to you. No one else can do it for you. You can ignore the problem and pretend that it's not there. You can run from the problem and hope that it

doesn't catch up to you. Or you can hide from the problem and hope that it doesn't find you. OR, you can take control of your problem.

As a final thought, I want you to know that I truly believe that there is a solution for every problem. The solution may be difficult, but there is a solution. There is no problem in our human lives that cannot be solved if we dedicate our energy to the solving of it.

Nothing is impossible. If you believe that from the bottom of your heartArticle Search, then it will happen. You simply have to be the driving force behind the solving of the problem.


Jessica Swanson is an extremely successful entrepreneur, marketer and life coach who has achieved a high six-figure income. She had mentored hundreds of others on how to achieve the same results. You can visit her at http://www.unlimitedprosperityteam.com

Unsecured Business and Start Up Business Financing Options

By Michael Tuttle

Whether you're an established business in need of working capital, or a start up business in need of inventory and equipment. Our services will provide you the capital necessary to energize your business. Choose from a variety options available to you.

Business Line of credit-a fixed rate credit line that never goes away. Business Unsecured loan-Lump sum financing without using your assets.

Business term loan-perfect for that one time purchase.

Business equipment loan-Ideal for start up businesses or existing businesses that want to replace or upgrade equipment.

Whether you're an established business in need of working capital, or a start up business in need of inventory and equipment. Our services will provide you the capital necessary to energize your business.

Business Line of Credit
When your business is in need of capital right away-whether it's for working capital, business growth, or business acquisition-A Business Line of Credit can be a very useful option.

• Business Term Loans Get a Business Term Loan that best suits all your business needs, whether you want to purchase equipment, consolidate debt on outstanding business loans, Start up your own business, and much more...

• Business Real Estate Loans
Do you want to buy or refinance a commercial piece of property? Business Real Estate Loan will help you do just that.

Owning a home means more than having a house. Homeowners enjoy certain money management options-mortgage refinancing, for example. You might choose to refinance to:

• Lower Your Monthly Mortgage Payments* Mortgage refinancing at a lower interest rate could put breathing room in your budget.
• Pay Off Your High Interest Debt Mortgage interest rates are typically lower than credit card interest rates.
• Take Cash Out Medical bills, college tuition, home improvements: mortgage refinancing could be a solution.
• Create Tax Deductions† Home refinance loans could offer tax relief.

Whether you want to simplify your finances, fix up your home, or pay for a dream vacation, we can help you achieve your goal with a personal loan that's right for you. It's an unsecured personal loan - so you don't use the equity in your home.

• Debt consolidation
• Home improvement
• Healthcare Financing
• Dream vacation
• Weddings and special events
• Flexible term personal loan
• Revolving personal loan

And You Wonder Why Americans Are Broke?

By Maggie Mcgary

A month ago I wrote about Americans who, despite carrying an average household debt of $8,500, continue to spend, spend, spend and rack up further debt. It's apparent--at least to me--that we have no problem spending money, even if it's money we don't have.

With that post in mind, do you recall recently getting a letter from the IRS informing you about the new "economic stimulus plan" and the resulting $600 (single) to $1,200 (married filing jointly) check that will soon be coming your way? Clearly the way out of the economic toilet this country is in--which, by the way, is a direct bi-product of Americans spending more money than they actually have--is to encourage people to spend MORE money.

God forbid the IRS send a letter saying that the reason the country is perched on the edge of a recession is because you people don't know handle your money so we're going to send you $600 and you're to put it towards any credit card debt you have or, if you don't have any debt, deposit it immediately in your savings account.

No, instead our fearless leader tells us that if we go spend this money it will "boost our economy and encourage job creation." Uh, yeah. For many American families it will play out like this:

"How are we ever going to pay off this $25,000 of credit card debt?"

"Hey--a check for $1,200 just magically showed up in the mailbox. Let's go buy a new TV! And everyone knows you can't get a good TV for less than $2,500 so let's just put it on the credit card and go do something fun with the $1,200."

The government knows that if they give people any length of rope at all, many of them will use it to further hang themselves financially. What a masterful plan: using consumers as pawns to "stimulate" the economy by saddling themselves with more debt--and acting like you're granting them a great favor in the bargain.

Oh, and how about the irony of the whole thing: this generous government subsidy comes at a time when Federal budget deficit is already up more than 60% over last year--$263.3 BILLION as of March 12, 2008.

Hey--it's only money.

Maggie McGary works in web communcations and writes two blogs, Mizz Information and Motherwhatnowredux.

Gas Prices - Isn't It Exciting To Burn Your Life Savings?

By Pablo Terreros

Do you remember just a handful of years ago when gas was around $1 per gallon? How terrible were those days! All the money left over in our bank account gave us no choice but to travel with our families, pursue new economic opportunities, and enjoy life in general.

Times are better now, right? After all, gas is almost $3.50 per gallon. Prices on all other items are rising to compensate for fuel costs. And, of course, our small cost of living raise we got at work does not even begin to keep pace.

Where should you take the family on vacation? Nowhere! What recreational activities should you pursue? Nothing! How much should you invest this year? Zero! Why? Simple, all the money for those things is conveniently going into the gas tank.

Ahhh......finally, life is simple again.

I'm sure some people out there long to go back to how things were before, back to the days when we had the stress of deciding where to go on vacation. Well, in the event that you are one of those strange souls who enjoyed having money, what can be done to compensate?

First things first......I think we must realize that gas prices are not coming back down. I know......congress and presidential candidates are screaming and hollering at the oil companies. They are performing their "investigations" to get to the bottom of the problem. Have you ever noticed that they do this every time there is a rapid spike in gas prices? Have you also noticed that nothing ever comes if it?

The truth is that gas prices are the result of many global economic factors. None the least of these is the fact that developing nations are beginning to consume oil in enormous quantities. When demand goes up and production does not keep pace, guess what happens to cost? Welcome to the wonderful world of supply and demand.

So, again, what if you want to leave the simple and peaceful life of struggling to make ends meet and return to the stress of having more than enough money? Well, you need to either reduce your consumption of fuel, increase your income, or both.

There are several ways you can reduce your fuel costs-even without buying a hybrid. You can reduce the number of days you drive to work. I'm sure your boss wouldn't mind if you only showed up every other day.

You could also consider eliminating other sources of fuel that really are not needed-like electricity. Turn the air conditioner, the lights, and the fridge all off. People survived for thousands of years without these and I'm sure you wouldn't notice if your air conditioner didn't run anymore......especially in August.

However, if you feel that those suggestions are impractical, you can simply increase your income. I'm sure your boss will understand when you demand a very large raise to keep pace. Don't forget to ask for enough to compensate for the increased taxes you will have to pay.

If a direct raise doesn't work, perhaps request that your boss pay for your fuel to and from work. Simply keep a journal of how much you drive to and from work, figure out your fuel expenses per mile, add in some extra to donate to the IRS, and then insist your boss add that to your check every payday. I'm sure this will not only work, but your ingenuity will probably get your boss to give you a promotion.

Of course, if you really wanted to return to the stress of financial abundance, you need to do BOTH in a way where YOU are in control. That means reducing your fuel expenses AND increasing income without having to consult with a boss.

Taking this route probably means starting some type of internet business. For those who want to have no choice but have the money for vacations and other activities, this moment in history provides an opportunity that has never existed before.

Of course, you're going to need to learn how to do this. That's really not a big deal as it is simpler than many people think. Most of it is also free, which will be appreciated by those who are trying to keep money in their pocket.

The best thing about an internet business is it allows you to increase your income, spend ZERO money for gas because you are at your home, and you are your own boss.

So there you have it! Most of us will continue to enjoy the peace of not having to make any financial decisions because the money is simply all burned up by the gas tank. However, for those who feel the need to run from this peace, the internet has come along at just the right time to allow you to maintain your previous standard of living.

If you are ready to return to the stress of not caring about gas prices, and would like to see if you qualify for an internet business, call Pablo at (863) 658-4045 to request an interview.

Government Grants - What Can I Use Them For?

By Candace Crown

The government has over $350 billion dollars to give away in grants. There are about 1500 federal grants out there, ready to be given to those who deserve it. Anyone who meets the requirements can apply. It is up to you to find out if you qualify. There are millions of dollars that go unclaimed every year because people don't know the money is out there. All you have to do is make sure you qualify and apply to all the grants you can.

We hear these kinds of things all the time. But what is anyone doing about it? Many people don't apply for the grants because they don't know what they are offered for, or who they are offered to. There are all kinds of grants out there. There are four large groups that the majority of the grants go to. The more we know about government grants, the more likely we will be to receive one.

Government grants are offered for many different things, the largest budget for grants goes to small business grants. These grants are for the entrepreneur that is trying to start out. Every new business needs some money to start off. The nice thing about grants is that you don't have to pay them back. When you get a small business loan, you are able to start out, but you spend a lot of your time trying to pay back on the loan, and the interest of that loan. With a government grant you are able to get the money, start your business, and keep the money you are making. The next largest group is that of non-profit organizations. Even though the organization is not going to be bringing in revenue, it is expensive to start an organization like this. You need a lot of funding in order to start one up. It takes a lot of time, dedication and money. The government gives out grants for the starting of organizations like this.

The next group that can receive funding from the government is that of research and development. When researching a big project, a lot of time and money goes into everything. Money is needed to get supplies, and to perform the tests. This money can come from government grants. The government is in support of research and development. The government wants to see this country grow, and they are willing to help pay for that growth, through grants.

The last large group for government grants is that of college students. There are many students who are having a hard time finding funding for college. There are scholarships and loans available to students. Government grants, unlike student loans, do not need to be paid back. Grants are much like scholarships in the sense of them being like "free money". Grants, however, are given by the government. Scholarships can be from various organizations. The smartest thing for a student to do is, to apply for both scholarships and grants.

There are certain websites that are designed to help with applying for grants. There are sites that have been designed to help with applying for specific grants. For example, if you want help finding a college grant, you could go to a site like http://www.college-grants-now.com Go to the sites that are specific to the grant you would like to receive. You will be more successful when you are working with people who know the requirements for your type of grant.

All government grants have requirements that have to be met. You can not qualify for any grant. There are conditions that have to be met. Money does not grow on trees, but it is pretty readily available from the government. All you need to do is find a grant that works for you, apply and wait to hear the news.

Discover How to Learn the Significance in Financial Education

By Rauf Mohamed Yusope

It is amazing on the lessons that you can learn from financial education. The knowledge is wide on the concept of financial education. There are many great lessons that one can learn from it to grow and personally develop themselves.

For example, financial education can highly enable individuals to learn the importance of being organized. Organization can come in many different forms. For example, individuals can learn that financial education teaches to be organized in allocating their assets. Such focus can enable them to understand that accumulating assets can come in the form of real estate, business and paper assets such as stocks etc.

Once individuals understand this, it can enable them to understand better the concept of leverage. Leverage can come in many different forms as well. For example, leverage in business can come in form of leveraging on work from home and internet to accumulate and grow wealth. Individuals can understand that their abilities to leverage on tools such as internet which can be said as cost effective and targeting to large users of the internet can enable them to gain more wealth and impact others positively as well. Financial education also can teach individuals to understand the importance of managing expenses and maximizing profits. Through financial literacy in understand financial statements, individuals can learn terms in financial statements and manage their assets, liabilities and expenditures well. It, for example, one can learn that a positive cashflow in the financial statement indicates the ability of the business to sustain in the long term. One can learn that this is important. The lesson here is that a business can be a simple concept but with good management in the assets, liabilities and expenses, it can lengthen the business life period.

Another great lesson in financial education is that it can enable individuals to learn greatly the importance of dealing with emotions. It can be interesting as one can find out the emotions attached to them when dealing with finance. One significant lesson here is individual needs to be clear and deal with their emotions well when dealing finance. Through financial education, it can enable individuals to become better students in such areas and develop better with more confidence in dealing with finance.

Financial education can come in many different forms. For example, it can come in the forms of mentors such inspiring figures, reading of books, research of such topics and playing financial board games. As such, one can learn that learning about financial education can be a fun and exciting experience.

Visit Author's Blog for educational tools on areas such as home business, entrepreneurship, financial education, internet development and personal development for success.

Payday Loan - Remember, They Are Short Term Loans

By Gary Scurry

Payday Loans are other wise called cash advances or paycheck advance loans. The amount is small ranging from $50 to $500, and the term is about two weeks. The interest rate is high for a payday loan. People who are in urgent need of money turn to the loan as the last resort, when they cannot trust the credit card or friends to raise some money.

You need not have a good credit history for being eligible for this loan, and the processing is very quick. You can procure the loan on telephone or Internet, and within 24 hours the money gets deposited in your account. It is hassle free and has no up-front cost, and no third person is involved.

The disadvantage of the loan is the high rate of interest, and it is important that you repay the loan by due date. The loan can be renewed, but you have to keep in mind that by the third renewal the renewal charges and APR is more than half of the loan amount, and by this rolling over the position of your finances further deteriorates. The US government too is concerned about these borrowers belonging to the lower and lower middle class, who run out of cash by the middle of the month once their bills are paid, and who are pulled into this cycle of debt due to some sudden expenditure incurred on account of a hospital visit or unplanned travel.

However, for someone with bad credit history and who cannot manage any other kind of loan, the payday loan is the only solution. It is only wise to use the money to meet the requirement and pay back the loan on time, and if possible set aside some money every month, and put together a crisis fund.

You can get a payday loan at any loan outlet and in case you do not find one in your neighborhood there is always the Internet, where the loan is just a click away. Generally such lending agencies stay open beyond the normal working hours, keeping in view the situations that force people to look for emergency funds. Therefore such agencies provide service to even those, whose money being in the form of term deposits, certificates or gold is not readily accessible.

Due to the speed in service, convenient locations and operating hours these loan companies are the favorite choice of the average working man who decides to go for the deal anyway. Because even after weighing the pros and cons, the decision of the borrower depends ultimately the gravity of the situation and his need.

Such cash advances are sometimes given against checks dated for the subsequent payday or sometimes against collateral like furniture. It is not advisable to jump for such an offer without paying attention to the other costs associated with it. When a friend or relative does not come to your aid with a hand loan and help you tide over, borrowing money from a loan company is the next available option, though the legitimacy of the company has to be checked. If possible browse the net for information regarding the company and cross verify the details provided like phone numbers, to avoid being cheated. The best way however is to consult those who already have used the services of the company.

Beware of companies that demand an advance fee, and also be discreet about your bank details. Though the interest of the payday loan is much higher than that of a credit card, the fact remains that those who bank on this kind of loan might have been refused credit cards in the first place, and the unemployed are not easily trusted with loans. If you have decided to get yourself a payday loan, be resolved that you shall avoid rolling over, and that you will manage your finances better in future.

A payday loan is cash advance offered sometimes against the next paycheck to help you tide over until the next pay day, and is a small, short term, high interest loan.

Gary Scurry is the webmaster of http://online-payday-review.info a site dedicated with solid information on the top Reviewed Payday Loans Lenders. For more information on payday loans and some good article to read over visit http://online-payday-review.info

An Online Cash Advance May Be Just The Solution To Your Problems

By Jim Corkern Platinum Quality Author

A very popular options of getting a money advance now is with a paycheck or check advance firm. So many of individuals are using these services to supplement their income when they discover themselves in unexpected circumstances that demand more money than what they have available. They are so well liked because they usually require no credit history checks and only a small amount of other requirements and paperwork. Just about any individual who has a dependable line of work and a checking account that is in good condition can be eligible for a loan of this kind.

There are a number of of these sorts of firms in the world, but many do their business different ways than others. Some may only allow smaller loans from about one hundred to five hundred dollars. Some will allow loans of up to two thousand dollars. The sum of cash you will be able to borrow depends on the policies of the firm and how much money you make per month. It is always essential to read and understand all the rules that apply to the loan that you are applying for. You do not want to discover any unexpected problems when you pay back your loan and this will always be avoided if you just read before you sign.

When you reside in well populated towns or cities, then it is likely there might be many check advance or payday firms in your area to pick from. It could be a different situation if you are in a less populated area. When you do live in rural area, then you may want to think about using an online company for a loan. They will work nearly the way as a firm that you can actually walk into. Once you have met the requirements for the loan site, then they may deposit the money you get right into your checking account and some times the very same day. You can not get much easier than that.

The computers and internet services now provide so much convenience for a great number of things. If you are out of cash already, not having to leave home or even use any gas money will save in the long run. Just remember that whenever you do take out a check advance or payday loan never borrow more than you need. You will likely have to fit in the pay back and sometimes this may not be as easy as it was to borrow it.

Jim Corkern is a writer in the field of finances and is currently assisting those in need of cash advances and payday loans, particularly in the state of Ohio

No Fax Required Payday Loan - Internet Makes It Easy

By Alice Smith Platinum Quality Author

There are various kinds of paycheck advances available, out of all of them, the no fax required payday loan can be deemed one of the fastest and easiest ones to secure quick cash. This cash advance loan is usually a small amount in the range of $100 to $1000, which is borrowed till you receive your pay. On your payday, you are expected to pay back the amount plus the fee to the lending company. The online no fax payday loan companies charge anywhere from $20 to $30 per $100 that you borrow as their fee.

Using The Internet For Securing Payday Loans

You can search for the lending companies on the internet. In the growing world of online business, almost all lenders have websites through which you can directly apply for the no fax required payday loan. You have to fill up the online form and the approval is sent to you within a few hours. After that, you have to go through the terms and conditions of the loan, agree to them and send your consent. You receive the borrowed amount in your bank account through direct wire transfer through the internet facility.

The whole process is rather simple and it's designed in such a manner that it extends fast financial support to you in times of emergency. When you are facing a sudden money crisis, the only thing that you would want is a reliable source through which you can borrow money to meet the urgent requirement. At that time, you would not want any waiting time or questions asked regarding what you would need the money for. The online no fax required payday loan provides just the same to you.

The Eligibility Requirements

The criteria for eligibility for the no fax required payday loan is straight forward. You need to fulfill the following conditions:

  • You must be a legal US citizen.
  • You must be at least 18 years of age or older.
  • You must be in a stable job, working for the same employer for at least last 3 months.
  • Your monthly salary should not be less that $1000.
  • You must have an active bank account in your name.

  • The basic criteria are as mentioned above; they can vary slightly from company to company.

    In case of personal paycheck loans, the companies do not ask you to fax any documents like your pay stub, your bank account details, bank statement etc. They verify everything online through the phone and internet tools. The same day no fax payday loan is a fast money option as the cash is delivered to you within 24 hours. But do remember to use this facility only in case of emergency situations- such as ones where you are unable to wait till your payday. The fee charged is high; the late payment penalties are even higher and lure for fast cash is over-whelming. It's better to first exercise some control over your financial condition and restrict your expenses. If faced with extremely pressed financial conditions, do take advantage of the no fax required payday loan...it is yet another alternative that can bail you out in contingencies.

    No fax required payday loan means simple application and speedy disbursal of money. The amount is deposited in the borrower's account within 24 hours in case of same day no fax payday loan.The process involves no paperwork, thus online no fax payday loan is rather convenient.

    With Payday Loans, Urgent Money Can Be Obtained Easily

    By Tim Kelly Platinum Quality Author

    People usually spend most part of their salary very early in the month. So, if there is any urgency that arises in the later part of the month, it can create a need of cash for the person. This need may be very urgent and necessary and cannot be ignored. Through payday loans, these people can get the required money easily.

    With these loans, the borrowers can get money for their urgent needs and they are not even required to pledge any assets with the lenders. The money is quickly transferred to the account of the borrowers within 24 hours of approval of these loans. Money is available if the borrowers fulfill some conditions of eligibility:

    • he should be over 18 years of age
    • he should have a regular place of residence since the last 3 months
    • his employment should be regular since the last 6 months
    • he should be a citizen of the UK
    • he should have a current bank account which is at least 6 months old

    The borrowers can get money for their needs which may be between £100 and £1500. Any personal requirements may be fulfilled by the borrowers with the borrowed money like urgent car or home repairs, any urgent arrears, electricity bills, credit card repayment, grocery or gas bills, etc.

    After fulfilling all the needs which have arisen in the later part of the month, the borrowers can repay the loan amount to the lender. When the next salary day arrives and salary check is deposited in the account of the borrower, the lender deducts the due amount from the account itself. This can happen in the term of 14-31 days.

    Online research helps the borrowers as the rates are higher for these loans. Comparison of these loans helps the borrowers in getting lower rate deals. Bad credit borrowers also benefit greatly from these loans by getting affordable deals.

    Through payday loans, the borrowers can get money for their needs very easily and all urgent cash issues can be resolved easily till the next payday arrives.

    Tim Kelly is an expert in finance having completed her LLM in Finance (Master of Laws in Finance) from Institute for Law and Finance at Frankfurt University. She is currently working with Best Payday Loans as a financial advisor. To find Payday loans, cash advance payday loans, instant payday loans, payday loans UK, cash loans that best site's you need visit http://www.bestpaydayloans.co.uk/

    Online Georgia Payday Loan - Cash In A Flash

    By Alice Smith Platinum Quality Author

    Now-a-days, in almost no time, we can take an absolute hold of our unexpected financial crisis and emergencies. Easy loans can be obtained in just a single flash with no bother to complete a stack of documents. Online Georgia payday loan is one of those companies that can lend you the required amount of cash by just applying through the internet.

    This kind of advance requires you to have a permanent full time job and an account in which your salary gets deposited every month. Payday loan in Georgia helps you to get a loan ranging from $100 to $1500 depending on your ability to repay the loan. The interest rates on these types of cash advances are generally very high. They can be as high as $15 to $20 for every $100 borrowed. But you would not mind paying when the services provided are so quick and easy and as it is you would avail these advances only when there are no alternatives that can be tapped to raise the money.

    Alluring Feature:

    The best part of such deals is the convenient procedure and hassle free payment. In today's busy life, it is very difficult to find time to stand in long queues with a folder of complete documents in your hand, waiting for your turn to apply for the loan. Then starts the tedious wait of processing to take place and then finally wait for the money to reach you. In such cases, a lot of time and energy is unnecessarily wasted.

    Now-a-days, when the life is so fast, no fax Georgia payday loan starts processing the minute you submit the application form online. You are required to fill the necessary personal and professional details in this form. As soon as the data submitted by you gets verified, the cash gets credited to your account automatically within at the most 24 hours.

    No credit check is done while verifying the details of the applicant for the payday loan in Georgia. This option is the best available for those who have bad credit and are urgently in need of immediate cash to deal with the financial crisis.

    Make A Deal:

    With so many companies waiting in a queue to lend the cash, be sure that you make an informed choice by rechecking all the required details such as contact terms and A.P.R. (annual percentage rate). Just remember to use these services when you cannot tackle the financial situation at all on your own.

    Online Georgia payday loan can be reached easily by internet and this is a no fax payday loan in Georgia with no documentation required. To get more information you may visit payday loan in Georgia.

    Budget? What budget?

    By Rhonda Nails

    Budget. I still cringe when I hear that word. But after breaking it down and using one, it is not as bad as it seems. It is almost like a game, instead of "Who wants to be a millionaire?" I find it more interesting to view it as "How much can I save this month?" Budgeting is often misconstrued as doing without, penny pinching, and being a cheapskate. I'm here to let you know that there is another side to budgeting. I call it a map. Essentially all a budget is, is a detailed list of where your money is going, hence the word map. I like to think of it as a "money map" if you will. There are several ways that you can "map" where your money is going:

    -Call credit cards companies and ask for a rate reduction.

    During these times, credit card companies want your business, even if you're paying the minimum. Call to let them know that you received a better offer on another card and want to know if they can match it. They will usually match it or get you a lower rate. It never hurts to ask.

    -Shop with a list (and stick to it)

    Every one knows what an impulse buy is but do we take heed to steer clear of it? Be warned, stores spend a small fortune studying ways of making us part with more of our money than we would otherwise intend to. Have you ever wondered why your favorite song is playing in the background as you navigate the aisles? Possibly not, but you will have noticed at the checkout that the bill is often more than expected. To circumvent this, simply make a shopping list. Only buy what you need. Be smart and shop on the low and high shelves, most expensive brands are at eye level.

    -Check your statements, receipts - and everything

    Always check your bank and card statements, restaurant and phone bills and bank receipts. Those extras you never received at the restaurant, the bank charges, could be costing you a fortune - and if you don't check you won't know. I caught a $22 charge last month that my bank was charging me to transfer funds to my savings to checking account. Unbelievable!

    -Stop trying to keep up with the Joneses,the Smiths, and the Trumps

    Trying to keep up appearances is little more than a costly illness. Remember, you cannot judge someone by what they have because you don't know how they got it. Chances are they're in more debt than you are.

    How much will it cost you? Whenever you make a purchase, calculate how many working hours it would take to make the purchase

    For example, a $ 100 pair of jeans is looked at in a completely different light if you get paid $10 an hour and would have to work for 10 hours to earn the money to purchase the jeans. Suddenly, the $20 pair looks really good. If you don't mind working the 10 hours for 1 pair of jeans, I say go for it!

    But if you can get 1 pair of jeans for only a quarter of your work day, plus some earrings to match, I say the deal is in the $20 pair of jeans!

    This tip makes you stop and think about how badly you need this item, or if it can be found somewhere else cheaper. It also cuts down greatly on impulse purchases.

    -Allow yourself "Fun Money".

    Give yourself room for fun and entertainment. But don't go overboard, if you have set your budget for $20 a week for eating out. This could equate to 2 $10 meals, 4 Happy Meals or one good dinner at the local Steakhouse, the choice is yours but the goal is to stick to it. This ultimately may mean more preparation for home-cooked meals, but it will also mean more dough in your pocket at the end of the month.

    Most people think that they have to make more money to save, the truth is you need to budget more money to have more. -RLN

    Rhonda L. Nails is the Founder of Monarch Developments, LLC. She is also author of the bi-weekly newsletter, The Monarch Message which is written to empower individuals to get smart and savy about money.
    Visit her at http://www.MonarchDevelopmentsInfo.com

    Rhonda Nails - EzineArticles Expert Author

    What To Do With Your Raise

    By Ryan J. Taylor

    If you recently received a raise and dreaming about how much extra cash you will have to burn, stop dreaming. Raises have an odd way of not really changing people's financial situation at all. If you're a saver, you will save a little more than you used to with your raise. If you typically allow your income to determine your budget, you will probably continue to waste money without tracking where it really all goes. Your money management habits, or lack of, will generally stay the same regardless of income.

    Let's look at a hypothetical situation. Steve is an employee that currently makes $50,000 and counts on his annual 5% raise. Rather than planning what to do with his raise, Steve spends his money until his check is gone. He doesn't really know where the money goes and doesn't feel like his pay increase helps him become wealthier.

    If, however, Steve continued to live as if he were still making $50,000, things could be different. By planning to invest his entire 5% raise in a fund that returns 10%, here is what he could experience:

    Year 1: $2,750
    Year 2: $8,663
    Year 3: $18,198
    Year 4: $31,870
    Year 5: $50,252

    In just five years, Steve would actually able to accumulate $50,000. Note that this does not take taxes or fees into consideration. Those fees can be achieved if you deposit funds into a retirement account, such as a 401(k).

    Don't let your hard-earned raise not really feel like a pay increase because of your poor money habits. Put the money towards some good use, such as an earlier retirement. For example:

    • Treat yourself. You've earned it, so use some of the extra cash from the first pay period or two to reward yourself.
    • Adjust your 401(k) to put that money in your retirement account. Its pre-tax dollars, you'll reduce your realized income for your taxes and you can take advantage of any company matching incentive.
    • Use your raise to pay off mortgage faster, credit cards or other bad debt.
    • Allocate a portion to deposit in your "fun budget", and invest the rest to ensure you have a healthy fun budget later in life.

    If you could live comfortably off your income before your raise, most likely you can continue to live that way. Use this extra cash in a way that will help you increase your wealth and reach your financial goals more quickly. If your expenses already exceed your income, use your raise to get on your feet and take control of your personal finances. Whatever you do, don't disregard creating a plan for your money or you will end up spending it without even noticing where it goes.

    Did you know becoming a millionaire is really easy when you know how? Receive a free gift to increase your wealth by visiting Millionaire Money Habits: http://www.mmhabits.com

    Ryan J. Taylor - EzineArticles Expert Author

    Uncovering Income Sources For Widows

    By Cathy Pareto

    The death of a spouse creates a difficult transition in any person's life. The emotional effects can be devastating while the financial impact of each can be equally debilitating. Most women outlive their husbands by several years. Additionally, it is no secret that women face more difficult retirements than men. A myriad of factors, including longer life spans, earnings disparity, and interrupted work years for maternity have all contributed to this reality. In fact, the Social Security Administration reports that nearly 20% of unmarried women age 65 or older live below the poverty line, compared with 5% of married elderly women. Given that, it is important for widows to identify all potential sources of income that they may have at their disposal when they need it most.

    Social Security

    When an individual pays Social Security taxes, what they are doing, in effect, is earning "credits" toward their future benefits. The longer you work and larger your income during your working years, the higher your benefit. Many women take time off of work to have children and raise families, while some return to the work force, others do not. In both circumstances, some women may fall short of earning enough of the "credits" to qualify for higher retirement benefits. Consequently, women's social security incomes are often much less than that of their husbands.

    Individuals (regardless of sex) that qualify for Social Security retirement benefits have a choice: they can claim their benefits either as a spouse or a worker. This feature may offer women a great advantage. For a spouse who has never worked a "paid job" or for one who has earned insufficient credits to qualify for their own "worker" benefit, they are eligible to receive 50% of the eligible worker spouse's full benefit. This is known as the "spousal benefit". Or, if you have worked but your spouse's benefit is higher than yours, then you can claim the aforementioned spousal benefit.

    For widows that have lost their husbands, the wife can receive her own worker benefit or 100% of the husband's benefit, whichever is greater. A surviving spouse who has reached full retirement age (65 to 67 depending on birth year) is eligible for full benefits. Reduced benefits (roughly 72% of the full benefit amount) are also available for a surviving spouse as early as age 60. However, starting in 2005, the age at which the 100% widow's benefit is payable will be gradually increased to age 66 by 2011 and age 67 in 2029. Widows with minor or disabled children qualify for more benefits, but it that discussion is beyond the scope of this article.

    A word of warning, if you remarry before age 60, you cannot receive widow's benefits as long as that marriage is in effect. If you remarry after age 60, you will continue to receive your (husband's) benefits.

    Employer Retirement Accounts

    Defined Contribution Plans

    Retirement benefits, for many couples today, are often the most substantial assets in the marital estate. This asset can play an integral role in the life of both a widow and divorcee.

    The distribution options available for employer sponsored qualified plans may vary. While some plans allow for the beneficiaries to receive distributions over time (like in the survivor annuity options to be discussed in the next section), others may be forced to pay distributions to the surviving spouse all at once. The spouse, however, can roll over the entire distribution into her own plan, unless the distribution is not an eligible rollover distribution for some other reason (ie. to the extent it is a required distribution).

    Defined Benefit Plans

    Defined benefit plans provide monthly income for the life of the participant. Traditionally, pension plan benefits were paid to the retired worker upon separation from service as a single life annuity. Upon the workers death, benefits would stop; leaving many surviving spouses (mostly women) without that stream of income.

    In 1984, ERISA updated its joint-and-survivor law and made the 50% joint-and-survivor benefit the standard benefit for married individuals, whereby 50% of your monthly annuity would be paid to your annuity beneficiary upon your death. In the past, the retiree could choose to provide survivor benefits; however, under the revised law, written consent of the spouse is needed to decline the 50% joint-and-survivor benefit.

    Many plans offer 50% and 100% percent joint-and-survivor options. The 100% joint and survivor option is a type of annuity takes into account the combined life expectancy of the worker and the spouse, and often is paid out over a longer period of time, the worker's monthly pension payment is usually less than it would have been if the worker and the spouse had declined the survivor benefit. So, under the 100% percent option, the joint benefit is reduced more than under the 50% percent option, but there is no reduction in benefits after the retiree dies, that is, the surviving spouse receives 100% of the joint benefit.

    Another factor to consider is the fact that many workers nowadays change careers and/or employers several times throughout their working years. Oftentimes, employees may find themselves vested in pension plans unbeknownst to them (or their spouse). Surviving spouses are encouraged to inquire about any pension benefits due to them at both existing and previous employers where their husbands have worked.


    The cash flow options under the IRA rules depend on the type of beneficiary identified in the account. Surviving spouses have the greatest flexibility in terms of their distribution options.

    Inheriting an IRA from a spouse gives you flexibility not available to other beneficiaries. You can put the IRA in your name or you can roll over the funds into an IRA you have already set up. The IRS will treat this as if the inherited IRA assets were yours all along.

    Assuming that you are younger than 70 ½, as a spouse not only are you not required to take any distributions from the inherited money, but it also means that you can make additional contributions to the IRA (assuming you qualify). Converting the IRA into your name will also allow you determine your own beneficiary.

    For surviving spouses who are younger than 59 ½ and depend on the income from the IRA for survival, leaving the IRA in your spouse's name is the best option. It allows you to take distributions without incurring a 10% early withdrawal penalty. But, because the IRA remains in your deceased spouse's name, the future beneficiaries cannot be changed.

    As a spousal heir, one of the flexibilities of an inherited IRA is that you can split the account. So, let's say you needed some current income from the account (which you will be forced to take for the rest of your life), but don't want to exhaust the whole account, you can split the inherited account into one that generates income (stays in deceased spouse's name) and the other (converted to your own IRA account) to grow, deferring distributions until your RMD age.

    Insurance Policies

    Life insurance proceeds can be one of the single biggest financial benefits for a survivor beneficiary. The obvious beneficiary of a life insurance policy is likely to be a surviving spouse (and children, if applicable), whether directly or through a trust. Most life insurance policies are purchased outright by the individuals. But, life insurance benefits are also often available through employers. Widows should check with the decedent's employer, previous employers, mortgage lenders, professional organizations and unions to ensure that they claim any benefits owed to them.

    In summary, when it comes to money matters, all options and resources must be carefully considered. Any woman dealing with the harsh reality of a husband's death is well advised to seek professional guidance. In addition to their financial planner, legal advice from an estate planning attorney to help them assess their needs and the most appropriate distribution strategies going forward. The right decisions and proper planning can make a world of difference in your financial survival.

    Sources: Institute for Women's Policy Research; U.S. Department of Labor; and the Social Security Administration

    Cathy Pareto, CFP, AIF, MBA

    Cathy Pareto and Associates, Inc.

    Cathy Pareto - EzineArticles Expert Author

    You've Inherited an IRA, Now What?

    By Cathy Pareto

    Receiving an inheritance can be a nice windfall. But, when it comes to inheriting an IRA, the tax rules can be tricky and your decisions regarding this asset can have far-reaching tax implications. Mistakes can be very costly. So, before you decide what to do with it, find out what your options are so you can maximize the dollars you keep.

    One of the greatest benefits of inheriting an IRA is the ability to stretch out the account over long periods of time. Stretching defers the income taxes due on the account, allowing your IRA to grow in a tax favorable environment. If you don't need the current income to survive, this is usually your best option. However, everyone's financial situation is unique.

    There are important factors that will determine a beneficiary's choices when inheriting an IRA:

    1) Who did you inherit the IRA from?

    2) What is the timeframe regarding your transfer options?

    Inheriting an IRA from a spouse gives you flexibility not available to other beneficiaries. You can put the IRA in your name or you can roll over the funds into an IRA you have already set up. The IRS will treat this as if the inherited IRA assets were yours all along.

    Assuming that you are younger than 70 ½, as a spouse not only are you not required to take any distributions from the inherited money, but it also means that you can make additional contributions to the IRA (assuming you qualify). Converting the IRA into your name will also allow you determine your own beneficiary.

    Your other choice is to leave the IRA in your deceased spouse's name. If you are older that your deceased spouse and your objective is to defer the account as long as possible, this a good option because the RMD's will be based on the younger spouse's age. However, if you are younger than your deceased spouse and do not currently need the IRA income, then this option may be less tax efficient that converting the IRA as your own.

    This option forces you to take the RMD as required, with the first minimum withdrawal taken no later than:

    • December 31st of the year your spouse would have turned 70 1/2 had he or she continued to live, or

    • December 31st of the year following the year your spouse dies (if your spouse was already 70 ½). So if your spouse died in 2003 this year, the earliest possible date for a required minimum withdrawal is Dec. 31st of 2004.

    Heirs may base the distribution amount either on their life expectancy or that of the deceased owner.

    For surviving spouses who are younger than 59 ½ and depend on the income from the IRA for survival, leaving the IRA in your spouse's name is the best option. It allows you to take distributions without incurring a 10% early withdrawal penalty. But, because the IRA remains in your deceased spouse's name, the future beneficiaries cannot be changed.

    As a spousal heir, one of the flexibilities of an inherited IRA is that you can split the account. So, let's say you needed some current income from the account (which you will be forced to take for the rest of your life), but don't want to exhaust the whole account, you can split the inherited account into one that generates income (stays in deceased spouse's name) and the other (converted to your own IRA account) to grow, deferring distributions until your RMD age.

    Non spouse heirs do not have the option of treating inherited IRAs as your own. This doesn't mean that the money isn't yours; it simply means that you can't make any contributions to that IRA or roll it over to another IRA. Nevertheless, you have choices.

    If the decedent was age 70 ½ or greater (and taking distributions out of the IRA when he/she died), then you may start taking money out using the same distribution method. This option is typically not recommended, unless you desperately need the money. If the decedent was not yet taking distributions out of the IRA, you have two IRA distribution options:

    1. All of the interest from the IRA must be distributed to you by December 31st of the fifth year after the year the decedent died, (not the best choice) OR

    2. All of the interest must be distributed over your life expectancy

    This situation is further complicated when a decedent leaves the IRA to multiple beneficiaries. Let's assume that a father leaves his IRA to his three adult children. Those children must first establish three new "inherited IRA" accounts.

    The transfer from the decedent's IRA must be made directly from the old IRA into the three new IRA's by way of a "trustee to trustee transfer". Releasing the funds directly to the beneficiary will prohibit the future rollover of those assets into the inherited IRA, which forces full taxation on the amount distributed (but does not garner a 10% early withdrawal penalty since it was inherited).

    In previous years, RMD's were based on the life expectancy of the oldest child, cheating younger heirs out deferral time. However, if the new inherited IRA accounts are established in the year after the year of the owner's death (so if died 2003, then Dec.31 of 2004), then each child will be able to use his/her own life expectancy going forward on their RMD's.

    In all of the above scenarios, income taxes are not due until distributions are actually taken. However, a 50% tax penalty can be assessed for failing to take the required minimum distribution in a timely fashion. So be mindful of your deadlines, because Uncle Sam will be.

    Nobody said inheriting money was easy. The rules are quite complex and ignorance can translate into costly mistakes. Do your homework before your act. Remember, as with any other delicate financial matter, you should probably consult your advisor and/or tax professional first.

    Cathy Pareto, CFP, AIF, MBA

    Cathy Pareto and Associates, Inc.

    Cathy Pareto - EzineArticles Expert Author

    Will Remarrying Affect Your Financial Situation?

    By Rob Windgo

    Will falling in love after a previous marriage and years of building wealth benefit or affect your financial situation? Most of the times finding a partner that makes you happy is more important than thinking about money but your love for each other should not stop you from seeking some financial advice before getting married.

    It's a matter of security for your future relationship as well as for your previous one especially if you have kids. You should realize from a financial perspective that the tax and pension rules are not always in favor of marriage for people with a substantial amount of assets. It happen to many mature couples of certain wealth to not join together because of the risk of their financial situation.

    Whatever your final decision to get married or not, make sure to find out how this new relationship will affect your financial situation:

    1- Protect your previous marriage kids financial future. If you have school aged kids, be aware that your new spouse income and assets will count in financial aid calculation that can affect any help your children will receive. Also protect your kids inheritance by writing a new will stating how your money and property will be distributed when the marriage ends either by divorce or death.

    2- Find out how remarrying will affect your income. If you are collecting some benefits from your ex spouse, you will likely lose them when you remarry. Check also how your pension will be affected.

    3- Check if merging your assets with your future spouse will benefit you. Merging your assets may increase your income tax and liabilities such as your spouse debts.

    Discover The Ultimate Guide To Your Financial Freedom. Request Your Free Guide Now

    How To Consolidate Federal Student Loans

    By Ricky Lim Platinum Quality Author

    Federal student loan consolidation is a program by which students can consolidate their loan liabilities and pay them off with much more convenience and ease.

    As we all know that loan consolidation is a service that is provided by a bank or any financial institution for the compilation of liabilities or debt taken up by an individual under one lender, and by simultaneously reducing the interest rates. Apart from reducing the interest rates, the organization also decides upon a fixed interest rate on the basis of the debt amount.

    Often, students take up educational loans for various educational expenses, which they find difficult to repay because of the mismanagement of interest payments of different loans. In such a case, consolidate federal student loans are a good option as it takes the burden off their shoulders by managing the loan amount as well as interest repayment.

    Additional Time Period For Student Loan Consolidation

    Federal student consolidation loans also give the students an extension period to repay the loan amount as well as the interest. No matter from where you borrowed money, a loan consolidation program is available for federal as well as private loans.

    If you also wish to choose a student loan consolidation program you must look for an appropriate lender, as the terms of the federal student loan program are same regardless of the service providers. There are no extra fees charged by the organization for providing the service not even any penalties or application fee. Federal loan consolidation is a program that is initiated by the U.S. government, so there a few rules, which every organization has to abide by for providing this service.

    Are you a student, who is looking for loan consolidation program to get rid of the growing debt as soon as possible? Do you really find it difficult to payback the debt due to so many interest dates? Well, do not think too much and opt for consolidate federal student loans today!

    Discover the best consolidate graduate student loan online. Visit Ricky's federal consolidation student loan site for more information.

    Consolidate Student Loans - Your Monetary Ladder to Success

    By Steve C Clark Platinum Quality Author

    Higher education matters a lot in shaping one's future. But financial constraints may cause many people's dream to be shattered. Just taking a loan to support your higher education may not be the needful. To have better terms and conditions for the loans and to help you repay your student loan for financing your higher studies may do the trick. Consolidate student loans score high here.


    These loans actually mean paying off the loans you had taken for your higher studies and somehow failed to pay it back. Also, if you are already under different types of loans to finance your education, consolidate student loans pay them for you, and you come directly under a single loan. Here, you may also bargain the interest rates and loan terms irrespective of the original terms and conditions. Also these loans are available online, so you don't need to run around for your loan approval. Secured and unsecured are the two significant forms of availability of these loans. For a secured loan you have to mortgage some of your property to bid against the amount of the loan. However, these loans may bring you better interest rates and terms and conditions. However, if you are afraid of putting your property at stake to consolidate your student loan, unsecured version of these loans are for you.

    Eligibility and availability

    Any UK citizen who is presently under a student loan may apply for consolidate student loans. However, the applicant or the cosigner or both must be of 18 years. All you need is to show the identity proof, address proof and some property documents, if you have applied for the secured student debt consolidation. You are applicable even if you have bad credit history, CCJs, arrears etc against you. These loans are available for a period ranging from 3 to 25 years. The interest rates may vary from 7% to 19% for different moneylenders and depending on your present credit status.

    Steve Clark can tell you how to look better, live better and breathe better by giving you tips to improve your finances. He writes on loans. His ideas can help you rejuvenate your money. To find Personal loan UK, secured loans, unsecured loans visit http://www.ezpersonalloansuk.co.uk

    No Closing Cost Refinance Basics

    Author: Trace Richardson

    No closing cost refinances loans are one of the best ways for you to save money when you refinance. Why pay thousands of dollars in closing costs if you don't have to?

    With a no cost / no points loan or a no closing cost mortgage, the broker will pay all closing costs! You keep the $2000 - $3000 you would usually pay in closing costs as they are paid by the broker. More importantly, because there are no costs paid in your refinance, we will continue to refinance your rate lower and lower as the market moves down with no costs. Every time rates go lower, you can lower your rate with no costs, even if rates only go down .25%.

    The key to no cost loans is the "break even point". When you refinance with no costs your rate may be about .25% higher and this means that you will have a slightly higher payment, but this works to your advantage as shown below.

    There are two components to closing costs:

    1) The 3rd party closing costs (title insurance, escrow, appraisal, etc.)
    2) Points you pay to buy down your rate.

    If a borrower takes out a loan for $300,000 at 5.75% with $2750 in closing costs they will make a monthly payment of $1751 per month. Compare this to a borrower who takes out a $300,000 loan with NO Closing costs at 6.00% with a monthly payment of $1799. The person taking out the No Closing Cost Refinance will pay an extra $48 per month, but will have saved $2750 in closing costs. This means that unless the borrower is in the loan longer than the breakeven point of the Closing Costs - $2750 divided by the Monthly Savings - $48 which equals 57 (weeks) or 4.75 years than the No Cost Loan makes the most sense. If the borrower is going to be in the loan for longer than 4.75 years than paying closing costs and possibly points makes the most sense.

    The added benefit is that if rates go down, a person in a No Cost Refinance can easily keep refinancing to a lower rate with no closing costs. There is no limit to how many times they can do this.

    No cost loans are one of the most misunderstood mortgage loans that exist. Many mortgage brokers believe that they are a gimmick or scam, but the simple truth is that the math does not lie. Most homeowners are simply no in their loans long enough to justify closing costs. If you are unsure about whether a no closing cost or no cost refinance is right for you, simply have your mortgage professional run the numbers!

    About Author

    About the Author:
    Trace Richardson is the CEO of TraceCapital.com, your source for No Closing Cost Refinance Loans and No Cost Mortgages. TraceCapital.com enables you to find a home loan without having to pay closing costs!

    Article Source: http://www.1888articles.com

    Secured Car Loan - Help Add Comfort To Your Life

    By Pamella Scott Platinum Quality Author

    With the growing prices in the market, now car prices have also soared to high level and require a good sum at its buying. Out of several of your needs some of them appeals you fervently and enforce you to have it at any cost. Buying a car may also be one of them that often enforce you for an external help, for the expensive cost of it. So, to help you at this moment, now, secured car loan is provided to help you get your desired car.

    Secured car loan is a secured loan that is obtained against a security or collateral. Here, any kind of your fixed asset or the same car is put as collateral for the surety of the repayment. Depending upon the make up and the model of the car, you can obtain sufficient amount. However, the loan amount is provided assessing the equity value of the collateral that can be up to its total value. Generally the repayment duration with this loan remains from 2-7 years that can be repaid in a flexible manner.

    The interest rate with this loan is always lower in the market, as it is secured against your property. Further, the interest rate may vary with the lenders; you can visit different lenders to get best advantage. For your convenience, the online lenders can be better destination, as they can be contacted easily and compared too for the terms and condition.

    This loan is available regardless of one's good or bad credit. So, no need to hesitate while applying for this loan facility even when you have bad credit.

    Secured car loan help you find your desired car model even when your financial condition is not meeting the required cost. Here, you are helped for making your buying cost-effective, as it has a considerably low interest rate. In brief, this loan facility gives you the chance to add comforts to your life without having any financial hassle.

    Pamella Scott is an author who can certainly identify your kind of loan. A loans borrower/user demands for timely, reliable, accessible, comprehensive, relevant and consistent loan service. To find Secured Car Loan, secured loans, secured personal loans, secured debt consolidation loans, secured home improvement loans that best suits your need visit http://www.easyfinance4u.com