Monthly Archives: January 2010

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

Financial Experts Predicting Rapid Dollar Devaluation in a Coming Burst of the ‘Dollar Bubble’

Many news commentators are echoing the same resounding assurance: the recession is over. But not everyone sees it this way. Who’s right? Just look at the facts.

While Wall Street, thanks to the help of the Federal Reserve, rallied for a big end-of-the-year win, at least for top executives, they’re getting big bonuses while Main Street investors suffer. Rising unemployment figures, increased foreclosures and a loss of wealth continue to plague the average Joe.

Times Magazine named Chairman of the Federal Reserve Ben Bernanke, “Person of the Year” for 2009. The National Inflation Association, a grassroots group that warns people of the dangers of hyperinflation, named him “Villain of the Year.”

The Fed’s policies have made the value of the US dollar artificially high and before long the dollar bubble is bound to burst, leading to hyperinflation with prices of consumer goods rising sharply. According to Phoebe Chongchua of the Denver-based Nabers Group, the U.S. is already beginning to experience this kind of runaway inflation.

Nabers Group has issued a warning to U.S. consumers on its blog about the impending devaluation of the U.S. Dollar’s value in a period of hyperinflation.

“Hyperinflation can really be thought of as a silent tax, especially if artificially created by U.S. monetary policy. If the dollars you have today can purchase a fruit punch, a sandwich and a bag of chips but that same money in the future can only purchase the fruit punch, then your money has been devalued—you have lost purchasing power. Ultimately it’s the average middle class consumer who ends up getting the short end of the stick,” says Chongchua.

For most people, the major concern is how to preserve their dwindling wealth. CEO Jeff Nabers, encourages clients to diversify their portfolios using an exceptionally flexible investment vehicle known as the Solo 401k.

“The Solo 401k is designed specifically for a business owner who has no full-time employees. One of the most powerful benefits of the Solo 401k is the plan’s participant loan feature, which offers a tax-favorable alternative to withdrawing money from a retirement plan as a distribution,” says Nabers.

Preserving your wealth doesn’t have to be an uphill battle even as we head into rising inflation and the devaluing of the dollar if people act now to protect their wealth.

Via EPR Network
More Financial press releases

Financial, Financial Management, Financial Services, Insurance, Insurance Services, Money, Personal Finance

M&S Home Insurance Helps Householders Reduce Their Environmental Impact

M&S is the first home insurance provider in the UK to offer policyholder claimants two unique features to help reduce their impact on the environment.

M&S Home Insurance is now offering the features to new customers at no added cost and will be making them available to existing customers on policy renewal from 1st February.

While lost or damaged possessions are usually replaced with equivalent new items M&S Home Insurance claimants for fridge freezers, refrigerators, washing machines, tumble dryers or dishwashers, will be offered an environmentally-friendly A rated energy-efficient replacement, saving up to 140kg of CO2 each year*.

Additionally, insured properties requiring a rebuild will be reconstructed in line with the Code for Sustainable Homes (CSH) 4, using sustainable materials where possible, emitting at least 44% less CO2 than building regulations stipulate**.

David Wells, M&S Head of Insurance, said: “These new policy features, which we believe are firsts in the UK insurance market***, mean that the M&S Home Insurance policy is one of the most environmentally friendly products of its kind.”

Nick Kidd, of AXA Insurance, said: “It is becoming increasingly common for companies to launch ‘green’ products on the basis of carbon offsetting facilities which our research suggests is not valued by customers.

“The M&S product goes significantly further by providing tangible environmental benefits which will help customers to save energy, save money and ultimately, to help save the planet. According to the Energy Saving Trust, the average home will emit around 5 tonnes of CO2 a year, so these new product features can have a real impact.

“At AXA we’re committed to reducing our negative environmental impact and are really pleased to work with M&S Money on this innovative product.”

Via EPR Network
More Financial press releases

Assets, Financial, Financial Information, Financial Services, Insurance, Insurance Services, Money

Responsible Homeowners Receive Lower Home Insurance Quotes

A recently released InsuranceAgents.com article, “Maintaining Your Home Could Lower Your Home Insurance Rates,” seeks to show homeowners how proper up-keep of a home will help save them money on their premiums.

“You can lower your annual premiums by properly maintaining your home throughout the year,” the article states. “Take the safety and well-being of your home seriously.”

Here are some ways to protect homes from the most common sources of damage:

• Fire – Smoke detectors, multiple fire extinguishers, properly cleaning and maintaining the fireplace, etc. are all ways to protect against fire and find significant homeowners insurance discounts.

• Theft – Deadbolt locks, security systems, motion sensor lights will protect homes from burglary as well as lower home insurance rates. Taking this initiative shows insurers their client is a low risk and takes protecting their property seriously.

• Water – Leaky pipes can cause extensive water damage to homes. Check the heating and cooling systems regularly for any irregularities and patch them up as they come along.

Via EPR Network
More Financial press releases

Anti-Money Laundering, Assets, Business, Financial, Financial Services, Money, Security

Finance Director Appointed by Tracesmart

Rhiannon Wilcox FCCA has joined the board of directors at Tracesmart, one of the UK’s leading consumer data specialists. Previously the company accountant, Wilcox will strengthen the board at a time when the organisation is experiencing rapid growth and transition due to sustained high demand for its data cleansing, anti-money laundering and debtor tracing services.

A graduate of Loughborough University, Wilcox trained with RSM Bentley Jennison followed by spells with Citigroup in Sydney and KTS Owens Thomas in Cardiff. Having established her own successful business operating within a diverse range of industries and commerce in South Wales, Tracesmart became one of her principal clients. As a recognised and respected figure within the company, the transition to board member has been seamless.

Wilcox remarked, “I am delighted to have joined the board at Tracesmart as we embark on a new financial year and I look forward to the opportunities and challenges that will arise as the company diversifies and grows. These are exciting times for the business, management and staff.”

The scope of online data driven services provided by the company’s B2B arm, Tracesmart Corporate, offers an invaluable source of consumer information to a vast and varied range of companies, from SMEs to FTSE 100 corporations. Delivering a powerful data cleansing and mortality screening service, an online provision to perform identity checks and an authoritative facility to trace people, Tracesmart’s client portfolio boasts a wide variety of industries including the pension, collection, media and financial sectors.

Via EPR Network
More Financial press releases