Myths constantly circulate about pensions, and it’s important to separate fiction from reality. Planning for retirement can be stressful, and understanding this subject can take the pressure off.

The Truth Behind Ten Pension Myths

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Do you have to earn enough?

One of the common myths is that you have to stop working and retire to draw on a pension. This is not the case. As long as you are over 55, you can access your pension if you decide to stop working or not.

Some people believe workers can’t begin paying into a pension until 20. Again, this is untrue; you can even start a pension before you leave school.

Another common misconception is that you must earn enough to save into a pension, but no matter how low your income may be, you can allocate a small amount each month.

Employees often believe that if the company goes into administration, their pension will be lost. Again, this is untrue as the pension fund belongs to you as an individual.

Tax-free lump sum

Others believe that the pension fund can be made available as a tax-free lump sum. People can cash in their pension, but it is a complex area that requires professional advice. Financial planners can assist with setting out realistic goals and helping you achieve your expectations through software for IFAs. If you are a financial adviser and you require the latest in equipment, software for IFAs can be found at Intelliflo

The Truth Behind Ten Pension Myths

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Express points out that there are a number of changes to the state pension in 2019. Another common myth is that once you begin paying into a pension, you can’t stop. If you must, you can stop topping up the pot if you run into financial difficulties.

Some believe that the pension is lost when the holder dies before retirement. This is not true as that person can nominate the pension to go to whoever they want.

Another misconception is that the pension has to be taken in one go. You can indeed take what you need when you need it.

Believing that the state will look after you is a myth. It may not be able to do so for much longer.

Another misconception is that SIPPs are for confident investors who want to manage their own money.…


What separates you in the world’s most prosperous entrepreneurs? You might feel that you simply never possess the abilities available to build a terrific company, but that is truly to become the case.

Most people are in a position to construct an enterprise that will produce great results, but too couple of folks have the belief that allows them to determine the possibilities that surround them. What this implies is that you’ll need to think, should you want to succeed.

Is the fact that all that you just want? There is clearly the requirement to possess a strong business concept, which you may really feel that you already have. It can be tempting to leap into implementing the first idea that comes to mind, although this really is rarely the ideal approach.

You may need to find out how you can assess ideas and to view them, primarily based on individual merits. This can be some thing that is tough to attain, since most of us do possess a all-natural tendency to become rather subjective. We may locate it hard to offer an truthful view of a thing that we’ve developed or invented.

This really is 1 reason why it could be helpful to talk about ideas with other persons. By picking trusted folks, you are able to ensure that you’re delighted to obtain some actual opinions on concepts that you just might assume are good, but which might have critical faults.

Some would say that making errors can usually be the essential to mastering. That is anything that makes many sense, while you’ll need to become aware from the truth that mistakes could be high-priced within this context. Will you find that you will be lacking in some places of expertise?

It is fair to say that few individuals have all of the abilities that happen to be necessary to tackle every single single location of a enterprise. This can be where it pays to become objective and to recognize any weaknesses that you simply may have that should be probably to have a direct influence on the operating from the business enterprise.

Your activity might be to have help, where necessary, to create up for all those gaps in understanding. If you’ve not had any previous practical experience of some essential tasks, for example managing workers, then you may also wish to think about much more formal instruction opportunities.

As you can see, your path to success will rely upon confidence and also the capacity to find out. Something is feasible, when you finally definitely think that you can make final results.…


Today we are going to talk about one of the most important part of our lives, personal finance management strategies. With enormous amount of information on the web, sometimes it is hard to sort things out and to know exactly where to start and what to do.

We may look at other successful people and think they were born with the finance management skills. Nevertheless it is crucial for us to understand these wealthy people set great example for us. In order to obtain and to develop our own finance management skills, we have to act on our own.

Working as a financial coach and having experience of seeing various peoples’ financial backgrounds, it is easy to come to a certain conclusion that both positive and negative personal finance management has its roots in how the person was raised and what he or she was taught about money management in general. But not to get too much in depth into it, it is highly important for us to look at the people who are constantly looking for ways to make their lives financially better. What do these people do? They continuously educate themselves, and we have to learn from them. Goal number one for us today is to become a Personal Coach for ourselves.

Living our day-to-day lives, we come across numerous challenges. Whether we realize it or not, we deal with them in our own personal way. Benefit from these situations and for a minute become thankful to yourself for what you have already achieved. By doing that you are already multiplying positive aspects of your life.

When you come across uncomfortable situations, the most important question to ask is “What can I do about it, now?” While there are thousands of people who struggle to get a decent paycheck or to have a stable financial income, self-motivated people have set a goal to learn how they can manage their finances better. These unique people have fully replaced money struggle with sufficiency and joyful drive to make money. Dear reader, please note, it is important not ‘to earn’ money, but ‘to make’ money.

What does the money management has to do with on-line payday loan services? Or we should better say how you can benefit from using the on-line payday loan services? Well, the first aspect is to take a temporary measure in order to deal with your urgent financial needs. The second aspect is to find on-line payday loan services with low interest rates and beneficial conditions. The third aspect is to know exactly your current finance strategy and to follow it.…


Campus is packed with new and returning students, which means that college is in full swing. Classes are in session, professors are currently difficult students plus the Quad is buzzing with fall schedules; if the tension of college hasn’t hit yet, it almost certainly will pretty quickly. Finding a greater education is no quick feat, specially any time you add dollars to the equation. I assume college is definitely an invaluable experience – socially, professionally and intellectually.

Among one of the most stressful factors about college may be the funds element: every day spending, month-to-month living costs, and these really intimidating student loans. Do you understand what you happen to be going to perform together with your limited funds this semester? If not, here are a number of tricks to aid you make it to Christmas (or summer time) without the need of investing quite a bit of pressure into your finances.

Get a strategy

Let’s just get rid of the word “budget” from our vocabulary. “Budgets” indicate restriction. You can’t have anything. Do not view it that way. Your economic strategy eliminates the tension of your “what if’s” in your life. Set a everyday or weekly limit for you personally spending and stick to it. Commit half an hour every week devoted to figuring out your spending. When you must, create down where you commit the most of cash and where the least of it goes. Then, make a decision what you want to invest your funds into and what you are able to do with no. I’m not expecting you to stick using a strict financial strategy; you might be, just after all, in college. I want you to know specifically where you will be spending your funds. As soon as you figure that out, you’ll know your program; exactly where to cut and exactly where to invest is going to be a lot much easier to figure out.Set limits

In some cases, you have just got say no. In case your good friends wish to do something that could have you strapped financially for the following two weeks, say no. If you’re consuming out max is 5 occasions per week and also you reach that by Thursday, cease going out to eat till Monday. Set an intention to devote a particular quantity of revenue each day, week or month an honor it. After you’ve hit your max, stop spending. One of the best items about college is that you’ll be able to get a whole lot of factors at no cost. Your social life won’t endure mainly because you might have set a limit for the spending.Save a little

Ahead of you roll your eyes, let me explain what I imply. Becoming in college is almost synonymous with becoming broke. But I think you should save some thing – something – every month. Whenever you graduate and get a full-time job, certainly that quantity will be much more. You will invest in a retirement strategy …


You see the ads on TV and hear them all day on the radio asking if you know your credit score. They all want you to use their service and get copies of your credit report and score. But is it really necessary? Do you really need to know your FICO score? Here’s a closer look…

If you have any kind of credit history at all, either through credit cards, loans, mortgages, etc., then you will also have a credit score. These scores will range from a low of 300 all the up to 850. Naturally, the higher the numbers the better.

Your scores are used by lenders and other financial companies to determine whether or not you qualify for things such as a new car loan, a credit card, a lease on that new apartment, or even a new job you have applied for.

Yes, employers have the right to pull your credit history as part of their pre-screening process for anyone applying for a job. Not all do, but all have the right to do it, and many do!

Knowing upfront exactly what your credit score is will help you know if it is even worthwhile to apply for a loan or other transaction. Obviously, if your credit is poor and you try to apply for a new 6% 30 year mortgage, chances are it isn’t going to happen. Better to know upfront how your credit looks than to be “surprised and embarrassed” later on.

Another great reason to know your score ahead of time is that it gives you the ability to begin making changes to your credit history. You can clean up your credit before trying to make that new loan.

You’ll also be able to look at your report and see if there are any errors or information on it that shouldn’t be. If so, you have the right to dispute it and have it removed. But this takes a few months to complete. That’s why you want to know what your credit report looks like ahead of time, so you can get started making the changes necessary.

These two reasons alone are why it is always a good idea to get an annual copy of your credit report and score once a year. The good news is that the report is free of charge once a year. The score will cost you a small extra amount, but it is well worth it. If you haven’t requested a copy of your credit history in the last year or more, I would urge you to do it while you’re thinking about it right now.…