How's Your Pension Doing? - Retire Japan. Why you should start taking Social Security as soon as possible. It is critically important to be able to competently and persuasively answer a question, one that so many individuals approaching retirement or in retirement routinely ask: “When is the best time to start taking my Social Security income?”
The answer, in most cases, is very simple: Take as much Social Security income as you can, as soon as you possibly can. Myth No. 1: If you wait, you get more. The older you are when you start, the more Social Security monthly income you receive. The Social Security Administration thus entices people to wait longer. Let’s use an example. Remember that in order to get this extra $500 per month, this individual had to wait five years. The proper thing to do in this example is analyze the pros and cons of waiting five years for the extra $500 per month. Using the example, the pros are simple. Now let’s take a look at the cons. However, the story does not end here. But wait, there’s more … Some other key factors to consider are: A bird in the hand. The Best Free eBooks to Teach Yourself About Personal Finance.
Most of us cringe when we hear “personal finance”, but there’s no reason to fear it.
If you want to get ahead in life, personal finance is a necessary skill no matter who you are. Wouldn’t it be great if you had greater financial security? We’ve covered several noteworthy personal finance blogs in the past, and we still recommend them if you’re a layman who trembles at the mere mention of budgets and numbers. These financial planning websites are incredibly useful as well. But if you’re looking for highly-focused, to-the-point resources that only take a few minutes to consume, then you’ll love these free ebook pamphlets. Building a Better Credit Report The notion of a credit score is one of the most important financial aspects of the American middle class.
There are several different factors that are involved in calculating your credit score, and each credit bureau has its own way of calculating said scores, but they’re similar enough that scores rarely differ by more than a few points. English｜Japan Pension Service. Dave Ramsey Homepage - daveramsey.com. Kurashi - News From Japan: How Ethical Is Your Bank? Wow, the words "ethical" and "bank" in the same sentence?
A new campaign has been launched to try to make that happen: Some banks and pension funds have rules about what kind of companies they invest in. For example, ethical investment means the funds do not support companies involved in weapons manufacturing or environmental destruction. Human rights and labour rights are other issues that many people should urge their banks to support. Since starting in 2009, a Dutch initiative has grown into an international campaign, Fair Finance Guide. For example, Mizuho Bank scores relatively high on transparency, but low on environmental issues like forestry protection. There is clearly room for improvement. (Image from a FFJ seminar at Toyo Gakuen University) NISA: Nippon Individual Saving Accounts. Warm up your engines, eager non-instutional investors, because a new type of tax free trust account is coming to town.
That's right, I am talking about the much hyped NISA or Nippon Individual Saving Account (shogaku toshi hi-kazei seido 少額投資非課税制度) that is starting up next year. If you are investing in the future (and you should be!) , then this new system is a good opprotunity to get your foot in the investment door. Let's take a look... What is NISA? The NISA system is part of Prime Minister Shinzo Abe's economic reform plan. NISA is essentially a special tax free account for investments and investment-related financial instruments only. Each account has a maximum limit of 5,000,000 yen invested at one time and only increments of 1,000,000 yen can be invested per year. The official kick off date for the NISA system is the start of 2014. Why NISA? NISA is part of PM Abe's carrot and stick approach to spur on Japanese savers. Shinsei Bank.