Financial Safety Advice

The concept of financial planning seems to have yet achieved enough prominence in investor meetings with financial advisors. However, financial planning seems to be the key tool to address the reality that lies ahead, and that somehow we seem to want to ignore. In this sense, we can not forget the aging process facing society and that, as experts say, have serious difficulties in sustaining the pension system as we know it today.

Hence, financial planning plays a key role in the smart investment. Thanks to financial planning your financial advisor can build for you a “plan” to follow that allows you to accumulate the amount needed to meet expenses happily in the future, and also enjoy the much deserved time off, after years of working. Through financial planning can determine the optimal amount of savings for the investor given their personal and, from there, you can decide which are the most appropriate investment vehicles to achieve your goal, but first, determine the customer’s risk profile, in order to verify the degree / level of exposure to equity markets.

Also, note that financial planning is not only a tool used to help you prepare for retirement, but can be applied to any project that an investor should keep in mind, for example, expanding a business in ten years, to fund Masters of their children abroad in five years, and so on.

So without further ado, feel free to good advice from professionals, to help you build a customized plan that most closely matches your needs. And of course, do not forget to keep a close relationship with your financial advisor to be informed of the progress of their investments at all times.

After more than four years of crisis, many households will see them and want to keep your family finances afloat. Payment of the mortgage , bills, day care of children … there are many obligations. The domestic economy worries us.
The fear of facing a situation of financial hardship is something that affects many people, especially in times of crisis which we live.

That is why now more than ever we need to tie in to cut expenses and analyze the situation of our personal finances to budget our expenses. In the case of those lucky families who have sufficient financial capacity to cover their costs and generate savings every month, should immediately include in their monthly budget amount of money to build a savings fund for contingencies .

A health problem, a breakdown, pours a fine … the unexpected expenses that can occur are numerous. The first question to be one, is, could bear the extra expense without recourse to financing or other dip into savings for other purposes. To avoid losing control over our personal finances, we must accumulate a capital equivalent to at least basic expenses for 6 months.

Read the rest of this entry →

The personal financial planning or planning is the process by which a person looks at your financial situation, set your financial goals, and makes it plans to achieve these objectives.

Through the financial planning we better manage our personal finances, and an improvement in our economic situation.

Let’s look at what are the steps involved in the process of personal financial planning:

1. Knowing the financial situation

The first step in personal financial planning is to know our financial situation.

To do this, it is best to resort to the use of two tools: the personal income statement and balance staff.

In the personal income statement detail our income (wages, business, investment, etc..), our expenses (food, education, services, etc..), and profit or loss (income minus expenses) we have obtained in a month, six months or a year.

While in the personal balance detail our assets (bank accounts, investments, property, etc..), our liabilities or debts (credit cards, personal loans, mortgage, etc..), and our equity (assets minus liabilities).

Read the rest of this entry →

In many cases a person can show pessimistic about the wealth that can generate during their working lives. Stop there, and that optimism pessimism can become if you set goals that can give you some financial security. Still, nothing comes alone. That’s why in order to achieve financial peace of mind, you must meet certain requirements.

A steady source of income

This might come from your salary if you work as an employee, your business should be self-employed or their investments if you are an individual who is alert to market movements.

Financial reserves

Hike not merely in private consumption. We all know that the possibilities of financing banks in Argentina are tempted to pounce on any television with the Internet or the latest smartphone. Consider your retirement, that is, not spend it all in the short term but also leave some capital to enjoy it when labor agenda is nothing more than sun with his wife or her husband in the square.If you are a parent of a child who is on the verge of adolescence, should know that you will require education expenses should be planned.

Protection against the unexpected

In short, sufficient insurance to cover your life, your health, a slip in its ability to generate income, your family and your possessions. If you do not have insurance, even the best financial plan can evaporate in seconds.

Read the rest of this entry →

Retirement is a stage in the life of every worker who inevitably arrives. For a release is not having to work, forget about work hours and schedules and to devote more time to himself, his family and hobbies. For others, however, is a vacuum that does not know how to fill.

Either way, we must be prepared for that moment, but it must be psyched that between payroll and pension will be a difference, which can be high or low depending on several factors, including the years that have contributed while it was active. So have some extra snap as a company pension plan , improve the financial situation of many workers after retirement.

The Toledo Pact as a guarantor of pensions

The public pension system is supported by contributions from companies and workers to Social Security and is backed by the Toledo Pact . So much for some and for others there is an obligation to contribute to the common fund to keep the system running, which is based on the distribution and not on the capitalization , so that although there is a belief that guarantees a pension contributions in the future, nothing is further from the truth.

This covenant ensures that pensioners only charge a pension as long as a balance between active and retired workers , but at the rate we’re going that proportion is ceasing to be perfect. As things continue as they will be hard to add up bills, whether it is considering raising the age to retire until age 67, and even lower the perceptions of pensioners around ten percent.

As time passes new proposals will be heard trying to find the feasibility and balance system, which at first without having to think too much would go through a drastic drop in unemployment, which would be a logical increase in contributors. Read the rest of this entry →