UK General Practitioners: Your Pension Options Explained
What a great time (for pensions) to be a part time General Practitioner!
The NHS recognises through various initiatives, such as ?Improving Working Lives?, the importance of the work life balance. General Practices also need to encourage a GP to work for them, and will usually bend over backwards to accommodate the right doctor.
Perhaps it will not be a surprise to learn that 25% of all doctors work part time, with 50% of female doctors preferring reduced hours.
Financial Wellbeing At Home And Abroad
Living an expatriate life or planning to make the move, requires financial maturity, responsibility and a certain amount of foresight.
There is always much talk about the secrets of achieving your money dreams, whether it is on a modest income or very generous income. It may seem like a mystery as to why some people seem to be able to make a lot of money, keep it and then go onto make more. The truth is these people follow some basic laws concerning money management. These laws are not difficult to understand, however they do require discipline. Money management and financial knowledge is not only important at home, but possibly even more so overseas in that there are often so many different money laws that apply.
Understanding And Controlling Your Finances
Have you ever wondered what it would be like to be able to have complete control over your finances?
If you are like most normal people, you have a job. You go to your job every day. Every week or two weeks or month you get a pay check for some amount.
You have taxes. The government, in an effort to make your life easier, lifts something like a third of your pay check without your having to do a thing.
You have problems. For example, you get a speeding ticket one day, and then your insurance goes up. Or your car blows a gasket. Or you lose your job!
Your Broker Isn’t A Crook He Is Ignorant
Why does Wall Street hate me? Because I tell the truth and truth is something they can?t abide. The little guy (that?s someone with less than a 7-figure account) gets no real help. Every small investor is a Rodney Dangerfield. If Joe Sixpack happens to make a few bucks they will take credit for helping him, but when he loses his money as he did in the bear market of 2000 ? 2002 that is not their fault.
The little guy with the $5,000-$50,000 account could have been saved and his losses kept at about 10% if the moguls in New York had instructed their brokers how to protect customer?s funds. It is not done and has never been done.
Changing Jobs? What About That 401(k)?
So you?ve accepted a lucrative position at another company within your industry. Perhaps you?re in the middle of a career change. Maybe you?re uprooting and heading to greener pastures somewhere else. Whatever the reason, you?re changing jobs. Out with the old, in with the new.
Amidst the hassles of moving, finding the kids a new school, and settling in to your new position and community, it?s easy to lose sight of the finish line?retirement. Your 401(k) is probably your most important investment in regards to retirement savings. Don?t let it get lost in the shuffle when a change in your professional life comes along.
Retirement The Time Of Your Life!
It’s a great idea to get yourself ready for retirement and there is no better time to start than as early as possible. This, of course, helps you plan to have enough funds set aside for the future.
Whilst children set the scene for your cost base in the middle years, there is often enough time to get ready for your retirement if you plan things right around that time, when you might well have some spare cash.
Indeed many individuals have helped their children through college and they don’t miss that money anyway, so using it towards their retirement is an ideal solution.
Can You Afford Not To Look After Your Personal Finances?
Investing is a subject a lot of people don?t want to think about. And there is good reason for that. Investing seems scary. It either sounds like something only the rich do or something that only a skilled professional can do. But the truth is that investing is something that everyone can and should do?as soon as possible.
Why should you start now?
Offshore Banking When It Pays To Go Abroad
While you might presume anyone with ?money in offshore accounts? is involved in some scurrilous business affairs, the truth is that anyone can use this form of investment as a totally legitimate way to defer or reduce your tax payments.
Locations for offshore accounts can be held in banks in British waters ? the Channel Islands or Isle of Man for example, or you could look further afield to the Republic of Ireland or Luxembourg. As with other investments, there are different ways to send your money abroad, with different levels of risk attached.
Bulls Bears And Best Choices
Perhaps now is not the time to go back into the markets. We?re in the midst of a bull market that has lasted 12 quarters. The historic average of such markets is XXX quarters. We?re due for a bear that may last for several quarters.
Have you heard this discussion? Maybe headline copy or a guest guru on CNN?
The World Is Not Enough Calling For A More Ethical Approach To Personal Finance
At a time when the entire world?s attention is focused on the problems of world debt, with the Live 8 concerts, the G8 summit in Scotland, the Make Poverty History Campaign (MPH) and the various anti-poverty marches, it seems that everyone wants the world?s governments to behave more ethically towards the manner in which international finance is conducted. This is obviously a laudable attitude to take, and has gained immense momentum with such a groundswell of public opinion that even the UK Chancellor, Gordon Brown, has stated he is planning to participate in the Make Poverty History demonstration in Edinburgh during the G8 summit.