Never Pass Up if Your Employer Is Matching Your 401k

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Foremost among the reasons that lead to marital discord are financial issues. Most couples are unable to or find it extremely difficult to broach the topic openly and honestly. Although the reasons may be different for each couple, being disorganized and unable to communicate are common.

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Never Pass Up if Your Employer Is Matching Your 401k
With the near extinction of the "gold watch and nice pension" for a career well done, the burden for a financially secure retirement now falls on the shoulders of you, the employee.

However, that doesn't mean your employer isn't trying to help you out. Most companies offer employees the option of contributing to a 401(k) retirement account, while some companies even match a certain portion of your contribution - but more on that later.

First off, a 401(k) account is a tax deferred retirement account. In plain English, that means you contribute money directly from your paycheck to your 401(k) account. Because you never "touched" the money, you do not pay taxes on those earnings. The money you put in your 401(k) account can be allocated to stock, bonds, mutual funds and/or money market accounts; it all depends on the company your employer uses.

For example, if I have a monthly income of $1,000 and contribute 10% of that to my 401(k), then I will only pay taxes on the $900 I physically receive. Not a bad deal.

However, when you begin to withdraw money from your 401(k) account upon retirement (or under very specific circumstances), you will have to pay income tax on the money at that point. Thankfully, since the money has been allowed to grow tax free for (hopefully) many years, you will definitely come out on top.

With most 401(k) accounts being tied up in stocks, bonds, mutual funds and/or money market accounts, there are risks associated with this type of investment. You are not guaranteed any return, and may ultimately have less than what you started with.

For example, remember Enron? Many employees of Enron lost all of their retirement when the company went belly up because they had a significant portion of their 401(k) tied up in company stock. So, if you have a 401(k) account or plan on starting one, I urge you to speak with a professional financial planner to get help in determining the correct retirement/investing strategy for you.

All of that being said, there is one way to ensure you get a return on your 401(k) investment - TAKE ADVANTAGE OF EMPLOYER MATCHING!

Many employers will match an employee's 401(k) contribution, up to a certain amount. Essentially what that boils down to is an automatic return on your investment.

Let's go back to the previous example I used, where I contributed 10% of my $1,000 salary every month. Let's say I work for an employer that matches every $1 of my contribution with a $.50 contribution of their own. That means each month when I put in $100 my employer will put another $50 in my account for me.

That's an instant return of 50%!

Granted, this is just an example, and not every company will match this well, but no matter what your company matches, the moral of the story is it is an automatic return on your investment, and you'd be a fool to pass up this free money - which could eventually mean hundreds of thousands of dollars towards retirement.

So, if you haven't started a 401(k) account, I highly recommend you go and talk to your company's human resources department to find out how you go about setting one up. Once you have an account set up, or if you already have a 401(k) account, I suggest you meet with a financial planner to determine the investment options that are best for you.

Please visit Saving Without A Budget for more tips like this. Saving money is easy, I'll show you how.

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Property Transfer Trust Deeds

About the term ''deed'

Deed is term used to define a document which transfers the ownership of real estate or any other property. It states the details of both new and the old owner for the property. This document is signed by the person transferring the property. It is an essential document without which no property transfer is possible. This is because you can't transfer any real estate without anything in written. A property transfer trust deed is one such form of deed used for loan purposes.

Property transfer trust deed

A property trust deed is not like any other deed used for transferring the right of ownership. The parties involved in a property transfer trust deed is a borrower, a creditor and a trustee or title company. These deeds are used to transfer the title of the property in case of loans where the title of the property is transferred from the borrower to the trustee who holds such title till the loan amount get repaid to the creditor. The borrower gets back the title once the loan is fully repaid. But in case the borrower defaults, the trustee has the right to sell that property and pay back the amount to the creditor without the involvement of the court.

Where a property transfer trust deeds are used?

A property transfer trust deeds are used in case of secured loans where the lender offers the money to the borrower against the title of the collateral. Secured loans are the perfect way of raising the funds for serving your personal needs. The property transferred through property transfer trust deed is the security for the loan amount due to which the lender offers lower interest rates and repayment terms. Following are the form of secured loans in which a property transfer trust deeds are used:

Debt consolidation loans: for merging your numerous debt repayments into a single monthly repayment. Home equity loans: Where the home act as the security and its equity value decides its loan amount. Business loans: Secured financing for the handling your business financial needs. Miscellaneous loans: Holiday loans, wedding loans, other personal loans etc.

A property transfer trust deed consists of following details:

- Name and address of the owner of the property
- Details of the collateral and its value
- Terms and conditions for the deed
- Signature and name of the person transferring the title and the person who is going to hold the title.
- Date of the deed

Property transfer trust deeds are signed and stamped by the notary public verifying that the signature on the deed is genuine. You can take the help of property transfer trust deeds while fulfilling your dreams by getting financed through your property.

Linda Davis has been associated with ScottishTrustDeeds, since its inception. Having completed her Masters in Finance from Oxford University, she undertook to provide useful advice through her articles that have been found very useful by the residents of the UK. To find Scottish trust deeds, trust deeds, Scottish trust deeds UK, Property transfer trust deed, Online Scottish trust deeds in UK visit www.scottishtrustdeeds.co.uk




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Never Pass Up if Your Employer Is Matching Your 401k
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