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Many Americans worry about how much money they will have when they retire. While you may have a good income now, your current savings probably won’t last long when you retire if you don’t have a savings plan. The following questions to ask yourself when starting a retirement plan or trying to determine if your current plan is sufficient.

How long do I have until retirement and how long must my savings last? The first thing you need to do is determine when you want to retire. Subtract your current age from your desired retirement age to find out how many years you need to save up. Now you need to figure out how long to use this retirement plan. Since no one knows exactly how long they will live, plan to turn 100; You will likely have a lot of savings during your retirement. All of these are important pieces of information to know as you start planning your retirement. Some plans offer an income lifetime, while others only last until the money you deposited and the interest you earned are used up.

How much money can I put aside for retirement each month? This is where it comes in handy to have a budget. If you don’t already have one, consider starting one. No matter how old you are, now is the time to save. The longer you wait to save, the less money you have for retirement. Find out how much you can afford to save each month and how much you will have by the time you retire. If you have 20 years left to retire and save $ 50 per month for the entire period, you will have saved $ 12,000 by the time you retire. This amount will not be enough to make you through into retirement, so plan for more per month in the future as your income increases.

How much risk am I willing to take? This is a very important question when deciding on a retirement plan. Some 401 (k) s, IRAs, and other retirement plans are invested in the market so you run the risk of losing money if the market falls. Other plans, such as fixed annuities and index universal life insurance, have no market risk, so you can earn interest without risking your money in the market. You may need to speak to a financial professional to determine how much risk you are comfortable with.

What if I need early access to the money? When choosing a retirement plan, it is always good to keep potential emergencies in mind. If you get sick or injured, you may have medical bills or you want to help your child pay for college. Many retirement plans have restrictions and penalties for getting early access to your money, so you need to make sure you understand the restrictions and fees that your retirement plan offers. Index universal life insurance policies allow you to borrow while IRAs, 401 (k) s, annuities, and other plans may not be as flexible.

Do I want to leave an inheritance to my family when I’m gone? Many people would like to leave money for their families but never really make a plan for it. Some retirement plans can be passed on to your loved ones tax-free in the event of death, while others cannot. If you choose to have a retirement plan where you can’t pass your money on, consider getting life insurance so that your loved ones can pay your last-minute expenses and have an inheritance.

Retirement planning is one of the most important financial decisions you will ever make, but many people don’t take the time to consider all of the options in order to find the best plan for them.

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Source by Greg Brunick

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Everyone has heard how Bitcoin and other cryptocurrencies turned those who bought a year ago into millionaires. Profits of 1,000% or more are not only possible, but common with many of these cryptocurrencies. Someone who bought bitcoin for less than $ 500 in May 2016 would have made a 1,400% profit in about 17 months. Then in the past few days we saw Bitcoin lose nearly $ 1,000. To say these cryptocurrencies are volatile would be a massive understatement.

Since the introduction of Bitcoin in 2008, we at Trend News have been skeptical of the viability of cryptocurrencies as they pose a very clear threat to governments that want to see and tax all transactions. But while we may still be wary of the actual cryptocurrencies, we are very much aware of the potential of the underlying technology that powers these electronic currencies. In fact, we believe that this technology will significantly change the way data is managed and that it will affect every sector of the global economy, much like the Internet has affected the media.

Here are some questions and answers to get us started …

Q: What are cryptocurrencies?

The best-known cryptocurrency (CC) is BITCOIN. It was the first CC launched in 2008. Today there are more than 800 CCs including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero, and they are all “virtual”. There are no “physical” coins or currencies.

Q: How do CCs work?

CCs are virtual currencies that exist in very large distributed databases. These databases use BLOCKCHAIN ​​technology. Since every blockchain database is widespread, it is considered immune to hacking as there is no central point of attack and every transaction is visible to everyone on the network. Each CC has a group of administrators, often referred to as “miners”, who validate transactions. A CC called Ethereum uses “smart contracts” to validate transactions. Crypto TREND will publish more details in the upcoming news.

Q: What is BLOCKCHAIN?

Blockchain is the technology on which all CCs are based. Every transaction for buying, selling or exchanging CCs is entered into a BLOCK which is added to the chain. This technology is complex and will not be discussed here, but it has the potential to revolutionize the financial services industry by making transactions quick and easy, reducing or eliminating fees. The technology is also being tested for applications in many other industries.

Q: Are CC Exchanges regulated by the government?

Most of the time the answer is NO which is a huge draw of this market for some users. It’s the “Wild West” right now, but most developed country governments are studying this market to decide what regulation might be needed. A big decision is whether to treat CCs as currency or as a commodity / security. Canada and the US have so far made CCs legal, but the reporting and tax implications remain fluid. Crypto TREND will follow these developments and report on them.

Q: How do I invest in this market?

You can buy, sell and trade CCs using the services of specialized “exchanges” that act as brokers. You start by choosing an exchange, setting up an account, and transferring fiat currency to your account. You can then BUY and SELL your CC orders. There are many exchange opportunities around the world. Opening an account is pretty easy and these exchanges all have their own rules for initial funding and withdrawals.

Crypto trend will recommend CC Exchanges in the future.

Q: Where do I keep my CC?

In order to be able to move your cryptocurrencies freely and pay bills, you need a digital wallet. These wallets are available in different formats, e.g. B. desktop, cloud-based, hardware (USB), mobile phone and paper. Many of them are FREE, but security is a big factor as nobody wants to lose their wallet or get stolen. Crypto TREND will recommend digital wallets in the future.

Q: What can I do with my CC?

In addition to investing in CC products, you can also use cryptocurrencies for some financial transactions like transferring money and paying bills. The list of companies accepting cryptocurrencies is growing rapidly and includes big hitters like Microsoft, GAP, JC Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zynga, Subway, and WordPress.

Q: What’s next?

To start off, we’ll keep each of the Crypto TREND articles short and keep the scope of each one as narrow as possible. As mentioned earlier, we believe that cryptocurrency technology will be a game changer and potential investment opportunities like this one will pop up once or twice in a lifetime. Make no mistake, an early investment in this sector is only for your most speculative capital, money that you can afford to lose.

Even if you don’t want to invest right now, understanding this new disruptive technology early on can benefit you from our recommendations in an advantageous position.

Expect more news and specific recommendations from Crypto TREND as we embark on this journey into an initially unfamiliar jungle. This is a volatile market and may not appeal to all investors, however, Crypto TREND will be your guide when you are ready.

Stay tuned!

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Source by Martin Straith

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Discovered in 1989 by a semi-legendary bond trader named Nick Stott, it is purportedly a secret day trading formula that will help your day trading reach new heights with minimal risk. Or so goes the story.

Origins of the Camarilla equation

The ‘Camarilla’ equation was discovered in 1989 during day trading by Nick Stott, a successful bond trader in the financial markets.

The equation creates 8 levels that are designed to predict these turning points so that the trader can benefit from them. The equation uses nothing more than the opening, closing, high and low levels of the previous trading day and some interesting math to create those supports and resistances.

Trading the signals

Now these levels are numbered L1-4 for the supports and H1-4 for the resistors, but it is really the L3, L4, H3 and H4 that are most important.

When the price level hits the H3 level, the theory behind the Camarilla equation is that there is strong resistance at that point and that a SHORT trade should be made with a stop loss at the H4 level.

Conversely, there is strong support when the price falls to the L3 level and a LONG trade with a stop loss at the L4 level is the recommendation.

Breakout opportunities

While levels H4 and L4 should normally be reserved for setting stop losses on the above trades, there will occasionally be a point where these points will be broken. If this breakout is sustained over a longer period of time and the price is still moving, a LONG or SHORT trade should be entered.

These trades are not that common, but could produce massive profits (this is what the Camarilla equation suggests).

Select entry point with Camarilla equation

There are two entry points to consider when using the Camarilla equation. First, you could trade once the market hits either the L3 or H3 levels and go AGAINST the current trend, but there is a greater risk that the trend will continue and you will lose if this is your preferred method.

The alternative is to wait after the market breaks the L3 or H3 levels until the opposite actually happens, and enter the trade as soon as the market crosses the appropriate level again. That way, you can trade WITH the trend, which should prove to be a safer option.

So does it work?

If you are interested in whether or not the Camarilla equation offers a viable trading method, you can follow my experiment which tests the given levels for the FTSE 100, Dow Jones and DAX 30 stock markets.

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Source by Stephen Waller

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We have the properties of nature; We continue to take care of our everyday life. A great way to change our routine is to plan a weeklong camping trip. A great way to enjoy a few days, getting out of town to enjoy the outdoors and see what nature has to offer. However, you will need the right camping gear to make your trip easier. First, you need a tent to find shelter and safety while you sleep. It is best to try out your tent before leaving and put it behind the house. Make sure no holes and windows are closed while it is held.

When you arrive at the chosen camp zone, you will want to pitch your tent there. So you can sit back and enjoy the wonders of nature. You will enjoy the best outdoor camping experience and enjoy the nature of the area. Fresh air, surrounding trees and mountains, or maybe a nearby lake.

Modern tents and family camping needs

Are you paying for the next trip? It can take time to look at tents and modern family items. Everything just keeps getting better and we could improve for the better. You can crop the old tent your father gave you and upgrade it to a new business. If you are looking for camping gear and various family tents, you have to visit the internet. Not only does the internet have a lot to offer for camping needs, but you can also find the perfect bargain.

Tents and equipment

Determining which components you need to become a challenge. Here you can decide on a quality of camping tent stocks. This includes luggage bags and other utensils, chairs, cooking utensils, pots, flashlights and lanterns. Privacy screens, first aid kits, water tanks, accessories for tents, furniture and more. Get solid brands and have the best value for money. Clean your laundry after every trip so it’s ready for your next camping trip.

A camping trip can be a very busy and fun experience, but you can do your camp back and forth. Think about the battles, stroll through the desert with lanterns, barbecue magic, the social life that includes a trip outside. Camp Camping creates the memories that you and your children will keep forever. This ensures that the tradition will continue over the next generations.

To decide on internet tents, be sure to read the reviews of other parties. You can see what other retailers think of the store and make it easier to buy for your exact needs.

Be sure to buy the brand you trust. When you trust the business to protect your family from the elements, investing in quality is important. If you buy a good tent, if you take care of it, you can probably use it for the next several years.

Tents are a great investment. With tents, you can plan weekends with your family without worrying about expensive hotel reservations. The comfort of a quality tent and good camping equipment justify an investment. They are home to you and your children for years to come.

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Source by Emilio Vargas

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Even if your real estate contract was written on toilet paper, it is still valid.

The content of your real estate investment contract is important.

Your financial fate in real estate investing is sealed BEFORE you step into a real estate deal as a buyer. You got involved
be specific about your profit (or loss) before turning the doorknob to enter your attorney’s or title company’s office when it closes. The prepayment of the transaction will be determined upon conclusion of the contract between you as the buyer and the other party who is the seller.

The interpretation of these cold, harsh words is that you need to understand the meaning of the real estate contract that ties the real estate transaction together. Your contract contains effects on the determination of profits in advance.

When we get a real estate investment deal, we usually just resort to a pre-printed contract form that comes from a real estate office or brick and mortar store. We usually lose many of our dealership rights to a stranger who puts together traditional jargon and processes without recognizing that we ourselves have the right to charter this course. Submitting to the legal language of a lawyer who isn’t even a real estate investor or owns more than his own home is the pattern most real estate buyers and sellers follow.

The first rule of law in written contracts is that any sale or purchase of real estate is negotiable. Although the payment of certain closing costs may be customary or traditional for buyers and sellers, we are not bound by this protocol. Without deviating specifications in your contract that dictate your personal direction, the closing agent simply falls back on the usual conventions.

But if you understand your rights as a buyer or seller of real estate, the wording of your contract can actually INCREASE your profit on a transaction. However, these billing conditions must be set out in writing in your contract prior to conclusion. Otherwise, potential profits will fly out of the window.

One of the most euphoric feelings I’ve ever had in this real estate investment business was walking out of a deal with a check for $ 75,000 on a package of some cheap real estate! Like everyone else, I had a use for this money! But those gains were dictated in my personal special contract before closing.

Much more cash is available for the closing to real estate investors who take control of the options available by choosing the wording in the content of their own sales contract and sales contract. This choice is easily available to the real estate investor who understands these rights and applies them when drawing up a personal contract.

The suggestion in this article is not legal advice, but encouragement to seize an opportunity presented by real estate investments. This proposal is not an encouragement to get greedy with legal rights, but rather to indicate that negotiations over the dictates of closing costs are possible. Sometimes transactions are only profitable if these considerations are understood.

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Source by Dr.Phil Speer