Archive for the ‘Personal Finance’ Category

The economic downturn in this year

Tuesday, September 27th, 2011

Several studies, statistical data, forecasts and projections of future financial, stock market statics, small business facts, unemployment statics and real estate projections clearly show the economic downturn in 2011. Of course, you just can not run with the coming economic recession during 2011, because you will also be affected by the recession in 2011 directly or indirectly. If you start going through the various statistics and studies, you will really see the mouth gaped at the facts and figures. This is not to frighten you, but this news is directly from first-hand.Easy way to guess about the economic downturn in 2011 examine the facts and figures on key indicators. These key indicators of the level of industrial production, personal income and personal, the gross domestic production and record unemployment. You can easily conclude lucid calculation results of the latest recession, the facts and statistics on these ke ppi reclaim y indicators. From industrial production to record levels of unemployment, there is no single indicator that shows a pragmatic and positive results. All these figures are only alarm bell that are constantly worrying.The unemployment rate has increased in gross domestic production has declined and the income has been significantly reduced. In short, all these things without any doubt prove an economic downturn in 2011. Better and more profitable decision for themselves and their families in developing not only yourself but your family and the impending economic recession in the 2011 period. The banking sector is also under a cloud of economic downturn, because it can easily show that the number of bankruptcy filing is a huge growth in the U.S.. Beware, do not create new debt. Spending money wisely, if you do overtime or part-earn extra pocket to resist, to do so. Replace the paper money for gold, silver and commodity assets.

Social Security Retirement Benefits and Divorce

Sunday, September 11th, 2011

Social Security in the United States refers directly to a lesser known federal Old Age, Survivors and Disability Insurance program or OASDI. The program was originally rolled out in the 1930?s in an attempt to limit what were seen as dangers to the American way of life such as increased life expectancy, poverty, and fatherless children. So the Social Security Act, signed in 1935, created social insurance programs to provide benefits to retirees, the unemployed, and as well as a lump sum benefit to the family at death. Many amendments have been made since the original Social Security Act of 1935. Most importantly; Medicare was added in 1965. The Social Security Act of 1965 also recognized for the first time that divorce was becoming a common cause for the end of marriages and added divorcees to the beneficiary list. The largest component of benefits is retir Mis Sold PPI ement income. Throughout a person?s working life the Social Security Administration keeps track of income and taxpayers fund the program via payroll taxes also known as FICA (Federal Insurance Contributions Act) taxes. The amount of the monthly benefit to which the worker is entitled depends upon the earnings record and upon the age at which the retiree chooses to begin receiving benefits. FICA taxes are 7.65% for employees and 15.3% for self employed individuals. The amount of taxes paid is not directly used to calculate an individual?s benefit. The rate is broken down into two parts: Social Security and Medicare. The Social Security portion is 6.2% and is paid on a maximum of $106,800 of income for 2009. The income maximum is also known as a wage base. The Medicare portion is 1.45% on all earnings. These rates are set by law and haven?t changed since 1990.