Daily Archives: November 20, 2009

401K, Assets, Financial, Financial Information, Financial Law, Financial Services, Investment, IRA, Money, Personal Finance, Retirement, Taxes

Savvy Self-Employed Seek Little-Known Tax Benefits Provided By The Solo 401k

The Solo 401k is designed for the self-employed and offers powerful features not found in traditional 401k or IRA retirement plans. The Solo 401k offers unique tax benefits to those who open an account before the New Year.

The clock is ticking for taxpayers to secure their end-of-the year tax breaks and many Americans who qualify for a tax shelter are not utilizing it.

“That’s because many people are completely unaware of a special retirement vehicle that offers the self-employed a way to make significant contributions,” said financial expert, Jeff Nabers, CEO of Nabers Group.

The Solo 401k account offers powerful features that are not available to those who invest in traditional IRA or 401k accounts.

“One special feature of the Solo 401k is that it can be run by the accountholder. You don’t have to open it up at a Wall Street-focused firm. That means that you’re not stuck to ordering your investments off of a menu that offers only stocks, bonds, and mutual funds,” explains Nabers.

The volatile stock market and significant losses that many investors suffered have caused them to look for alternative options. Nabers says that’s where the Solo 401k can really be helpful. “Using the Solo 401k, people can invest in real estate, gold, foreign annuities, foreign currency, small businesses, and much more,” said Nabers. Even better, the Solo 401k allows accountholders to make large retirement contributions totaling more than $50,000.

About the Jeff Nabers, CEO
Jeff Nabers is the Chief Executive Officer of the Nabers Group and is a renowned consultant, speaker, and educator. Nabers is an expert in the fields of Self Directed wealth management and personal finance. Nabers teaches seminars on understanding money, free market capitalism, inflation, Austrian economic theory, real estate investing, direct possession of gold and silver, income-producing assets, small business startup funding, and Self Directed IRA and Solo 401k investing. Additionally, Nabers is the chairman of the IRA Association of America and authored the book 5 Steps To Freedom.

Via EPR Network
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Financial, Financial Services, Home Equity, Insurance, Insurance Services, Loans, Money, Mortgage, Personal Finance

Survey Shows the Benefits of Arranging Life Insurance Young

L&C’s October survey of people arranging life insurance through them showed 44% of people were over the age of 45.

This is despite the fact that life insurance gets more expensive with age. In the survey, the average monthly premium for the 56+ group was 35% more than for those aged 26-35. Many people don’t expect the unforeseen at an early age and can often prioritize other items above buying protection. However, there are financial benefits, not to mention peace of mind, from buying protection early. The survey showed that people in the 26-35 year old group had an average monthly premium of just £26.29 – less than a pound a day. This was despite 55% of people in the younger group being smokers compared to only 6% in the older age group.

L&C’s Richard Morea said The younger you are when you take life cover, the cheaper it will be. People should consider it an essential item like motor or household insurance. Waiting until you’re old to get the protection habit means you’ll not have the peace of mind having protection brings – and the monthly cost will be higher.

For more information and free life insurance advice, call 0800 0731932.

London & Country (L&C) is the UK’s leading no-fee mortgage broker. Based in Bath, it provides whole of market advice via telephone and post to clients nationwide. As well as residential mortgages, it also specialises in the Buy-to-Let and adverse-credit sectors.

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Financial, Financial Services, Home Equity, Insurance, Insurance Services, Loans, Money, Mortgage, Personal Finance

Borrowers With Interest Only Mortgages Need Only Answer 3 Questions

Borrowers with interest only mortgages need only answer 3 questions – the current value of their property, the size of their mortgage and either their current monthly mortgage payment or interest rate. Borrowers on a repayment mortgage will also need to know the remaining term on their mortgage. The calculator checks against L&C’s comprehensive mortgage product database to see if there is a mortgage deal that could save the borrower money.

Now house prices are starting to show signs of recovery, more and more borrowers will find themselves in a position where they can switch and save. The One Minute Mortgage check offers a quick and easy way to see if the time is right to switch. The One Minute Mortgage Check calculator is available at www.lcplc.co.uk/check

London & Country (L&C) is the UK’s leading no-fee mortgage broker. Based in Bath, it provides whole of market advice via telephone and post to clients nationwide. As well as residential mortgages, it also specialises in the Buy-to-Let and adverse-credit sectors.

L&C is a Climate Neutral company and for the last seven years has invested in climate friendly projects and tree-planting to help offset its emissions and those of its customers. For more information, go to http://www.lcplc.co.uk/green.

Via EPR Network
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