Job Loss: Financial Considerations

Sovereign Bank offers a broad array of financial services, including retail, business, and corporate banking; cash management; capital markets; private wealth management; and insurance. Its roots reach back to 1902, when it was established as a building and loan association helping Pennsylvania textile workers become homeowners.

Fourth, these agents have little concern for the investor. They were more concerned about themselves then their client. Find someone who will put your needs first.

If this is you, let me ask you a question – have you actually worked out what your portfolio is worth and whether it will deliver what you want eg a pension? Or what tax your kids will pay to inherit the portfolio you’ve left them? Have you ever checked with an Independent Financial Advisor or Wealth Manager whether your portfolio can be protected or will deliver to you in your retirement?

If a Will is never found it will be up to the courts to decide how her estate is divided. Each state has its own laws regarding what is referred to as intestate succession. Her assets may end up not going to the people she wanted them to. For instance, if she was separated from her husband (but not divorced), he could end up getting 40% of everything, even though she may have wanted it all to go to her children.

Susan and the Smith’s are the lucky ones. They contacted me and avoided a nightmare. Unfortunately, there are thousands of investors that are taken advantage of every day. This should be criminal and until it stops I will continue to ‘beat this dead horse’!

The RBI may continue with its rate hike spree for some more time. “We expect a 50 basis points increase in key interest rates over the next three to six months, which will keep the short-term interest rates firm,” says Ramanathan K, CIO-single manager investments – ING investment management. Nowadays, good credit-rated financial instruments maturing in 90 days offer an annualised yield in the range of 8.75% to 9.25%.

You may have the most prosperous career as far as intellectual challenge, success among your peers, or CEO income, but not have the time you want for your self, family or children.

As a smart investor you can have a re-look at your portfolio and shun the non performing assets for better bargains. There are a heap of certified financial planners available to you too. You can thus, take out the weeds in your investments and plant fresh saplings with a promise.

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