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Plan for retirement by creating a goal, understanding risk tolerance for investments, building an emergency fund first and keeping monthly budgets in mind. Expand retirement plans as salary increases with advice from a registered financial consultant in this free video on money management.
File for social security at the age of 62 by visiting the Social Security Administration, bringing identification and filling out the appropriate application documents. Prepare to receive social security checks by direct deposit with information from a registered financial consultant in this free video on social security.
File for social security disability by notifying the social security office, filling out the appropriate forms on the cause of the injury and hiring an attorney to help get the most from a claim. Use social security disability payments after sustaining an injury that impedes regular employment with advice from a registered financial consultant in this free video on social security.
Plan for retirement when you are self-employed by keeping expenses low, monitoring a discernible budget and making a commitment to handle your financial affairs regularly. Pay yourself first when self-employed using advice from a registered financial consultant in this free video on money management.
To retire a millionaire by age 45, start planning for retirement early, keep expenses down, and purchase as much real estate as possible. Cash out on a number of different real estate properties to become a millionaire with advice from a registered financial consultant in this free video on retirement.
Retire a millionaire by 68 years old through careful planning, putting away money on a regular basis, developing an emergency fun and buying real estate. Use stocks and bonds to help with retirement funds using tips from a registered financial consultant in this free video on retirement.
To determine the maximum simple IRA contribution amount, visit the IRS Web site, or ask the human resources department. Contribute as much as possible to an IRA for the best retirement with tips from a registered financial consultant in this free video on simple IRAs.
An IRA CD is money placed in an IRA that has been put towards a certificate of deposit in order to earn money without taxes. Find out about penalties for early withdraw of money in IRA CDs with information from a registered financial consultant in this free video on money management.
Make money on the side by identifying strengths and creativity and placing ads in the newspaper to find odd jobs based on those strengths. Keep a good attitude about odd jobs and creative work with help from a registered financial consultant in this free video on making money.
A bank transit number is the 10-digit number used by banks for identification purposes. Learn how banks use transit numbers to transfer money and clear checks with other banks using information from a registered financial consultant in this free video on banking.
A good credit score is considered to be any score given by the three reporting agencies that is above 640 on a scale of 800. Get good credit by paying bills on time and not maxing all lines of credit with tips from a registered financial consultant in this free video on credit.
An individual retirement account, or IRA, allows individuals to set aside money tax free in order to save for retirement. Visit the IRS Web site for specific rules and regulations related to IRAs with information from a registered financial consultant in this free video on retirement.
Social security works by deducting money from the payroll of younger works in order to pay the retirement income of Americans over the age of 62. Learn about the failures of the social security system with information from a registered financial consultant in this free video on social security.
Invest in a Roth IRA by putting away money for retirement and paying taxes at the same time, so that withdrawn money is tax free. Visit the IRS Web site to learn about the various tax codes associated with Roth IRAs with information from a registered financial consultant in this free video on individual retirement accounts.
The rules of home equity loans include not extracting all of the equity on a house, getting the home to appraise well and being able to repay the debt with a healthy income. Work with a financial institution to understand the rules of home equity loans using information from a registered financial consultant in this free video on home equity.
The terms of a home equity loan will be dictated by the financial institution, but will almost certainly include requiring a high appraisal value, significant leftover equity and good credit. Make sure home equity loan terms feel comfortable with advice from a registered financial consultant in this free video on home equity.
Home equity loan payments should be included in the monthly budget as a definable debt that needs to be paid on time. Work with a banker to determine the best time in your income cycle to receive home equity loan bills with tips from a registered financial consultant in this free video on home equity loans.
Pitfalls of home equity loans include working with a disreputable banker, paying exorbitant fees and paying high closing costs. Find a home equity loan that has no points and no origination fee with help from a registered financial consultant in this free video on home equity loans.
Fixed home equity loans are loans with a fixed rate of interest, as opposed to variable interest rate loans. Find a fixed home equity loan with the lowest possible interest rate using advice from a registered financial consultant in this free video on home equity loans.
The best ways to save for retirement include putting away an emergency cash fund, investing in stocks and buying a home or other real estate. As one gets wealthier, hedge funds become a good way to save for retirement with advice from a registered financial consultant in this free video on money management.
Credit report scores are based on information from three credit reporting bureaus. The three bureaus use information from banks and credit agencies to formulate credit scores. Understand the importance of a high credit score with information from a registered financial consultant in this free video on credit reports.
Credit scores are developed by three separate credit reporting bureaus by interpreting data on payment history, amount of credit available and job history. Credit scores and find out how to increase credit scores with tips from a registered financial consultant in this free video on credit.
Federal tax returns are handled by the IRS each year. It is important to file federal tax returns with information on salary and the amount of taxes paid to the government. File federal tax returns with help from a tax agency or on your own with tips from a registered financial consultant in this free video on taxes.
No-interest credit card balance transfers are generally limited-time offers designed by credit card companies to compete for customers. Make sure no-interest credit card offers come from valid companies with advice from a registered financial consultant in this free video on credit.
Defaulting on credit card payments is reported to credit reporting agencies and can result in large fees and increased interest payments on loans. Avoid losing a car loan or apartment because of defaulted credit card payments with advice from a registered financial consultant in this free video on credit.
Personal finance is the application of financial principles to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save and spend monetary resources over time while taking various financial risks and future life events into account. Components of personal finance might include checking and savings accounts, credit cards and consumer loans, investments in the stock market, retirement plans, social security benefits, insurance policies and income tax management. In this free video series on money management, a financial consultant explains retirement savings, credit and other money management information. Find out about planning for retirement, IRA contributions and social security. Learn about home equity loans and home equity loan payments. Get information on credit reports and credit scores, as well as the importance of good credit. Improve your financial situation with the help of these free videos.
Patrick Munro Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and brokerage industries. His goal for providing personal service to the senior market began in 1997 after relocating his family to Wilmington, N.C., and the founding of NorthStar Financial Advisors. Munro provides highly personal service to clients all over North and South Carolina, helping them to identify tax savings through various safe financial products and utilizing the various tax strategies available to seniors to protect their assets. In addition, Munro helps many clients eliminate the financial threat of long-term care and offers ways to avoid the unnecessary difficulties of probate court. He is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.dkdk
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