Getting the right retirement calculator will help solve many future issues related to income and planning. There are a number of things such as health care, house, day-to-day living, which requires substantial amount of money to sustain one’s living during the old age. If you have calculated your retirement income well, then you are sure to get many things in place and enjoy a fulfilled retirement life. This is the reason why retirement calculators are so important. Apart from knowing the importance of these retirement calculators, it is equally vital to find the best retirement calculators. With a number of options both online and off-line, it is always best to compare various choices and pick the best retirement calculator that suits your retirement needs. Different criteria for choosing a retirement calculator Price of the calculator should not be that big a problem as there are many online calculators that are available for free. If you already know of a platform for calculating the retirement income, then you should decide on how much time do you want to invest in getting the results. If you’re looking to get simple answer such as whether you’re on right track or not, then you should opt for low fidelity retirement calculators.

As and when an individual start aging, there are rising needs for health care. With more than 25% of expenses moving towards dental services, it is of utmost importance to take dental care more seriously. Some of the recent reports show that many seniors avoid dental care due to heavy expenses that come with it. Firstly, it is important to go for regular dental visits in order to be sure that you do not fall prey to any dental disease. It is always advisable that dental maintenance should be at par with other health checkups. Secondly, senior citizens require special dental care as they are susceptible to dry mouth, root decay, thrush which is the overgrowth of fungus in the mouth, loss of the structure of the teeth caused by mechanical forces, etc. These specific dental problems can lead to further health issues that affect the ability of a senior citizen to sustain a healthy lifestyle. The dental problems also adversely affect the ability to chew or eat, pain in the gums, cavities and tooth decay. Therefore, it is must to have a good quality and comprehensive dental insurance for senior citizens. It is interesting to know that dental insurance is not typically a part of most of the medical policies.

Gone are the days when the working class in the country could get the Social Security or an employee pension plan to cover the costs incurred in their later years. Today, planning for retirement has become imperative. There are numerous options out there for individuals to save better to live comfortably later in life. The thumb rule is – not sticking to a single plan or putting all your eggs in one basket: Pensions All you need to do is stay in the job long enough to qualify for pension, retire and collect the money which the employer contributes and which are professionally managed. However, pension plans are most common for government/municipal workers, rather than those in private ones, and mostly aren’t adjusted for cost-of-living. So, you may need to supplement this plan with another one. Defined Contribution Plans According to most financial advisors, these are some of the best retirement plans because they are offered by employers who match a certain portion of the employees’ contributions. It requires very little effort since employee contributions are deducted from their paycheck. Since contributions are almost an equal match, it’s close to 100% return on your money, and with plans such as the 401k or the 403b, people are in control of their future.

There are numerous credit cards that offer cash back, reward points, air miles, hotel points, low APRs, 0% balance transfer, and other benefits. Which one is right for you? No single credit card offers the best of all these features. Some are better in some aspects, while others appeal to a different kind of customer. But here’s what you need to know about the best credit cards of this year. The most popular credit cards of 2016-17 were: ● Chase Freedom Unlimited ● Chase Sapphire Preferred Credit Card ● Discover It – Cashback Match ● FlexPerks Reserve Visa Signature Card ● Spectrum Rewards Card ● Bank Americard Cash Rewards Credit Card ● Chase Slate ● Citi Diamond Preferred Card ● Bank Americard Credit Card These are just a few, from different categories like travel points, cash back, low APR and so on. But which one is the best for you? Travel cards Do you travel a lot? Look for a card that gives you a lot of travel benefits. The best cards let you collect 2x points on travel. They’re flexible about letting you transfer points to any hotel or airline loyalty program. Cash back credit cards Look for cards that give you good cash back offers on different purchases.

No matter how young or old you are or how much you earn every month, you should invest in life insurance. Unfortunately, many people don’t understand the importance of being covered. Note that being under-insured is better than being totally unprotected. Not having adequate cover can lead to financial troubles if you’re ever in an accident or fall sick suddenly. According to financial experts, Americans in their 20s and 30s are the most vulnerable age group to being uninsured. That’s the time when you should purchase adequate insurance to protect your wealth. How to calculate the cost of life insurance? Even if you’re willing to invest in life insurance, you’ll wonder how much you should actually spend on life insurance. The general rule is to calculate long-term financial obligations and calculate the value of assets. The answer you get should be filled by the cost of life insurance. But it becomes difficult to determine what to include in the calculations. Here are some tips that can help you. Multiply monthly wages by 10 It’s an old rule, but many experts still recommend it. With the current economic condition and rising interest rates, it’s somewhat outdated. Note that both and your spouse must be insured even if you don’t earn.

The US market has always been a volatile target for investment. However, with a plethora of research, information, data, analysis, advice and tips available to investors today, one could invest in equities and profit considerably from them. Here are some great ideas from experts as to what stocks to buy and hold in 2017 for how long and how exactly you can try to take advantage through the US stock market: The Warren Buffet advice: One of Warren Buffett’s prime investing philosophies espouse investing with the long-term in mind. He doesn’t mean ‘forever’ – instead, he says that the since the market has always had an upward predisposition over a long period, the best technique to invest is to buy good-quality shares at reasonable prices with the intent of holding onto them for a long time. A time frame of at least 10 years is a fair one and one should forget about expensive and cheap markets since markets could go either way – ascend in the right environment and plummet in others. Another advice it to not buy all stock in a single go – for instance, if one wishes to invest in Apple and has $10,000, he should probably invest $2,000-3,000, to begin with, and in a few months if Apple still looks great, put in some more money, and so on.

The ability of a county to help its citizens in times of financial difficulties is considered to be a highly pointed agenda when seeing the country’s citizen friendly nature. Regardless of where an individual is based out of, one can never to be too sure as to when and how they might find themselves in financial difficulty. For the citizens of the US, the IRS or the internal revenue service comes to rescue under grounds of applying for bankruptcy. Filing for bankruptcy is a legal process wherein a person surrenders his legal financial battles to a legal representative and seeks government funded help for the unfortunate financial situation they find themselves in. The government with IRS acts as their representative and a guardian to maintain common well being. IRS being a tax regulating body has command over the taxes payable by citizens and the way it is utilized by the governing body of any area. When the IRS is notified about any kind of financial trouble which is legally identified, they step in to see in what aspects of financial existence can be stressed on and what load can be reduced from the individual’s shoulders. The IRS, at this point, has the authority to take over the tax which is payable by the individual in debt and trouble.

Banks and financial institutions may sound the same, but they’re two different entities that work in different ways. They can be classified as banking financial institutions, or ‘banks’ and nonbanking financial institutions. These are called financial institutions. On a top level, banks are commercial entities whose role is to accept deposits and give loans. But financial institutions like investment banks, insurance companies, and financial firms are more inclined to offer various services schemes and plans to their customers. Banks Middlemen Banks are banking financial institutions that function as middlemen. They connect depositors to lenders. A bank’s basic workflow is to accept deposited funds, and then lend these funds to customers who need it. A bank’s customers are generally people who want loans for various reasons. This can range from investment, education, or personal purchases. Payment Agent Banks have another function to perform. They act as a payment agent. They offer payment services like debit cards, credit cards, cheques, cash deposits facility, and draft facility and more. People deposit money in banks for three primary benefits—safety, income through interest, and convenience. The deposit is the money that the bank uses to generate revenue. The volume of these deposits decides the capacity of the bank to lend funds.

One of the most beneficial advantages of balance transfer credit cards includes transferring your existing debt from a high-interest credit card to a low-interest credit card. In the case of a high-interest credit card or cards for that matter, the repayment will take a hefty toll on your finance after meeting interest payments and principal payments. Consolidating your debts in a low-interest balance transfer credit card will enable you to free up cash and meet other much-needed obligations. But not everyone is eligible for one, you need to have an excellent credit score in order to be eligible to even apply. Some of the best balance transfer credit cards available in the market for you to take advantage are listed as follows: Discover it 0% interest card: The main advantage of this card is balance transfers into Apr at 0% for a longer repayment period of 18 months. This will free up the much-needed cash and reduce the load of debt, thus enabling you to meet your principal payments also. the ongoing rate applicable will range from 11.99% to 23.99% variable with a balance transfer fee applicable on the total debt to be transferred at 3%. The card also features an introductory APR at 0% for the first six months.