Equity Release on Divorce – ‘A House is Not a Home?’

An increasing phenomenon in later life is the number of couples who are now deciding to divorce.

Often having lived together but had separate lives for many years, retirement then can seem the final straw in their relationship. Perhaps the knowledge of the impending hours of greater social time together once retirement arises is the most common reason!

Nevertheless, statistics show increasing numbers are deciding to end their marriages in retirement and move on, once their children have left home.

This works well for many people, but one of the major problems of divorce in retirement is dividing assets when you are approaching or have reached the end of your earning power.

Someone who was set for a comfortable retirement as part of a couple may well be struggling as a single person on half the assets. The marital home is often a bone of contention because it is usually the most valuable asset and often represents stability and security to the occupants.

However, pensions can also create many issues & this will be discussed in a separate article including pension sharing on divorce with offsetting & earmarking being the methods of distribution.

With reference to the marital home, equity release can often help in these situations.

The person who remains in the marital home can release cash from the value of the property either by a lifetime mortgage or a home reversion plan to ensure that the spouse receives their share of the property.

In most cases, it would not be possible for the person living in the marital home to take out a conventional mortgage because they may not have enough income to support it. However, by taking out a lifetime mortgage or a home reversion plan, they know they can stay in their home for life without having to make repayments during their lifetime.

‘A house is not a home’ may be easy to understand in normal circumstances but in the context of divorce, particularly from a woman’s point of view, a home is where you nurture and provide for those you love and care for and where you feel secure. Divorce is a traumatic time when normal life is disrupted. If it’s possible to maintain some security by doing a lifetime mortgage or home reversion plan to keep your home, many would take that option.

So How Can Equity Release Assist?

Well depending on the percentage split to each party, whether it is 50/50 or similar proportion, equity release could contribute either partial or in full towards the settlement.

However this would be dependent on age.

The size of the equity release would be determined by the age & in some circumstances the health of the remaining party.

For example at age 60 the maximum release could only be provided by a roll-up lifetime mortgage & the percentage currently is only 26%.

Nevertheless at age 65 a lifetime mortgage can release 31%, however a reversion scheme can also now be considered.

As age increases, so do the percentages, to the extent that at age 80 one can release a maximum of 46% on a lifetime mortgage & 56% on a reversion scheme.

In circumstances of ill health, some lenders will even increase the home reversions 56% giving a more favourable lump sum based on an impaired life facility.

Is Your Business Overweight? How to Determine the Financial Health of Your Business

It’s common for small business owners to measure their financial health based on their income statement or bank account balance and deem their business “fit” if the bottom line looks good. To reveal why this approach can be deceptive, let’s apply a dieting metaphor.

Only looking at the bottom line is the equivalent of “sucking it in” when you look in the mirror. Sure, it looks like you’ve lost some weight, but what happens when you exhale? You might appear skinny for a moment, but that version of the situation isn’t accurate.

In terms of your business’ health, the balance sheet is the “real” you. Think of the income statement (also called the profit and loss statement) as your diet log. It tells you how well you did in a specific time period—last week, last month, or last quarter. We all know that there are good weeks and bad weeks on a diet. If you only look at one week or month, are you getting a true picture of your overall health? Of course not.

The balance sheet, on the other hand, is based on everything you’ve ever done. In our diet metaphor, it accounts for how much you’ve exercised and what you’ve eaten over your entire lifetime. The sum of all that information is what you see when you stop sucking it in.

To understand this metaphor, you need to understand what the balance sheet is and how it relates to the income statement. Your income statement contains information about what has occurred in the current period. Revenue, cost of goods sold and expenses are some of the account types found on the income statement.

To get an accurate picture of what’s happening in your business, you must adhere to the matching principle. That means you record expenses and cost of goods sold when you have earned the revenue that they are related to (if an expense is not related to revenue, you record it during the period it is used). The balance sheet accounts hold these revenue and expense items until the period in which they are earned or used. We use accounts such as prepaid insurance, customer deposits, and accrued payroll to classify these things on the balance sheet.

Income statement accounts only reflect transactions in the current accounting period. At the end of the period, the net profit or loss is moved to the equity section of your balance sheet (to retained earnings). This means that the balance sheet reflects all prior period revenue, cost of goods sold, and expenses in the form of retained earnings. The equity section also shows how much you’ve invested in and drawn out of your business. The equity section, therefore, shows what the company is worth to you.

So, how do you know if your business is “over weight”? Take a look at your debt to equity ratio (total liabilities divided by total equity). Compare that to your industry average and you’ll have a pretty good indicator of your business’ weight. Too much debt and not enough equity means your business is, in fact, overweight—even if your current period income statement looks healthy and you have money in the bank. Because everything shows up on the balance sheet, you can rely on it to depict the financial health of your business.

High Dividend ETFs – An Equity-Income Investment Fantasy

Where’s the beef? Where’s the high income? Who are they trying to kid?

A week or two ago, while exchanging ideas at an AAII chapter meeting somewhere in the Northeast, a comparison was made between a professionally directed “Market Cycle Investment Management” (MCIM) portfolio and any of several “High Dividend Select” equity ETFs.

Many years ago, I raised the question (to no one in particular): what’s better for your financial health, 6% tax free/tax deferred or 3%? There is absolutely not one molecule of similarity between any MCIM portfolio and any Index ETF, period. You decide which is best for you.

I took a closer-than-I-normally-would-bother-to look at three different equity ETFs in the “high dividend equity” category: PFM, FDL, and VIG. They had almost everything in common, except their Morningstar rating, which varied from two-star to five-star. Interestingly, the five-star rated fund seemed to be the most speculative.

Each was constructed, or “marked-to,” the weighting of the securities in a specific index, such as the “Dividend Achievers Select Index.” These indices are comprised of mostly large capitalization US companies with a history of regular dividend increases.

The ETF owns every security in the underlying index, and it does so absolutely all of the time. There is no thought of profit taking – and no manager to do it.

Consequently, one would expect that (in addition to replicating the market value of their own index) each ETF’s performance would pretty much track that of the NYSE only, dividend paying only, Investment Grade Value Stock only, Investment Grade Value Stock Index (IGVSI).

They didn’t do either over the last five years – actually, none of these ETF securities have been in existence for more than five years and none has surpassed its pre-financial-crisis high. Still, these funds would probably “perform” better cyclically than most open-end mutual funds.

On the other hand, the similarly constructed IGVSI has surpassed its 2007 all time high, and the MCIM portfolios which use it as a “selection universe” have done far better than that.

What’s a selection universe? In the ETF case, it’s everything in an index at any price, with positions tweaked occasionally to reflect the equities held in the “real” index – without considering profit or loss. In regular mutual funds, its whatever the boss tells the manager to buy.

An MCIM portfolio manager would “select” from the total universe just those stocks that meet a set of forty-one-year-time-tested buying standards for additions to an investment portfolio. He or she would also be taking profits on issues that have met pre-defined selling targets.

That’s right, there is never any “smart cash” in an ETF.

Finally, in an MCIM portfolio, there is no need for periodic, market-value-driven, position adjustments because diversification is based on the cost-basis of portfolio holdings. Is it clear that weighted indices have little concern with diversification – and why should they?

These are not real investment portfolios. They are sector-tracking mechanisms that have been securitized as Wall Street gambling devices. The three ETFs contained 206, 100, and 142 positions, respectively, but each had roughly 50% of the market value in the top 10 holdings.

And who do you think is influencing the fund creator’s weighting judgment?

MCIM portfolios never hold even fifty equities (even at the depths of a correction) and individual positions are never allowed to exceed 5% of total portfolio cost basis. Yes, more concentrated while still being well diversified, and managed to take advantage of the different individual price cycles of all qualifying securities.

On the issue of income, where the questioner’s position was that these elite dividend producing companies consistently raise their dividends and thus are excellent income providers – the whole premise is wrong. The purpose of stock ownership is growth production in the form of capital gains – not income in the form of dividends.

Dividends are a sign of a company that is both strong financially and respectful of the investment made by shareholders – certainly a less risky class of equities. But there is a whole ‘nother family of securities (generally safer and more generous with cash flow than any equity) intended primarily for income production.

The average income of these three ETFs is roughly 2.5% – probably less than the pre-trading income of just the equity portion of the most aggressive of the three MCIM portfolio asset allocations.

Having a required 30%, 60%, or 90% cost-based asset allocation to income securities (now yielding over 6%) is having a high income portfolio without the added risk of some of the futures speculations that were included in at least one of the ETFs.

These ETFs have a basis in IGVSI quality equities, and could be excellent trading vehicles. Certainly, they can be expected to track the IGVSI and the more popular (but totally manipulated) DJIA and S & P 500 averages.

But traded they must be, or they are just another “buy ‘n hold” archaism. ETFs are actually not managed at all. The “passive management” referred to is merely the readjustment of holdings to mirror the weightings in a separate and totally unmanaged index.

MCIM “mirror” portfolios, on the other hand reflect the actual transactions that take place within a totally day-by-day, actively managed portfolio. They produce capital gains in addition to dividends and interest, and assure a steadily growing “base income” in the process.

Market Cycle Investment Management Portfolios are investment portfolios; ETFs in general are derivative gambling devices; High Dividend ETFs are quality-and-income equity derivative gaming devices that could be useful around the bottom of the next correction – the next prolonged correction, that is.

Pet Health Online

The reasons many be anything but every one love have at least one pet at there house. Choosing a right and healthy pet can create a special and lasting relation for both of you.

A pet an addition member to a family not only brings the happiness and fun but lots of responsibility for its care and well-being regarding its health. Before adopting pet you need to consider many things but the most about pet health care this will help you to owing a pet much easier.
Pet gives you many benefits like improving your outdoor activities and many more, but at the same time they many harm your health. As we all know that every pet carries germs in there body which may effect you and your family through air, water or some other way.

We may not be aware of many other pet health decease like Spring Allergies, Intestinal Parasites, Ear infections, Skin Problems in Pet, Dry Skin, Fleas, Allergies, Bloat, External and Internal Parasites, Arthritis, Cataracts, Canine Hip Dysplasia, Fat Cats and Pudgy Pooches and many more.
Due all this unexpected illnesses and accidents many insurance company provides pet health insurance. Which helps you to take care of your pet from accidental injuries, emergencies and illnesses not only this but many other routine care. Get free quote or enroll your pet today.

The Importance of an Annual Gym Membership

People do wish to live a happy and contented life. Living a busy life can be monotonous and people don’t find time to increase muscle strength of their body. Toronto is the busiest city of north western Ontario located in Canada. People here are work oriented. People do work with sincerity and honesty. They believe in the policy that work is worship. Even though work is required for survival, health is also important to stay a happy life. Poor health can damage a person’s performance in his/her company. In order to maintain stamina in the body and increase work performance people should go to a gym. A gym can be defined as an intellectual place, where people learn ways of increasing their physical energy.

Gyms help people strengthen their muscles. People should definitely spend some time and money on a gym membership. If they don’t go to a gym, their energy levels may be down. Heavy work schedules and irregular eating habits will bring problems like obesity, diabetes, etc. Doctors recommend exercises for patients because regular exercises increase blood flow in the body and maintain consistent growth of white blood cells. Gyms are special physical fitness centers setup with a common motive of muscle growth. Their main aim is to achieve fitness. Most of the gyms allow people of all ages. Depending on the age and health, gym trainers teach natural exercises to customers.

A gym should not be thought as a place where people lift heavy weights. This is absolutely wrong. A gym can be defined as a place where people learn ways of energizing muscles of the body. Here people learn to acquire energy in the legs, shoulders, chest, abdomen, etc. Why are these gyms required? Physical fitness is the main aim of every gym. Gyms focus on improving energy levels in the body. They mainly focus on performance improvement.

Gym training is offered to IT employees and anyone who needs it but people in IT usually suffer from back pain and will benefit the most from increasing fitness levels. A gym offers special packages to software employees. When customers register for programs, gym trainers make exercise schedules for them. People should practice these exercises every day so that they reduce obesity and improve body fitness. Heavy weight and obesity increase risks of heart attacks. For obese people, gyms offer special packages like weight reduction packages, health improvement packages, etc. Boot camps are recent additions to most of the gyms. These camps, allow men and women to reduce weight within a period of one month.

Public Health Online Degrees

A Public health worker is person who has a lot of things to cover in their jobs. Most careers in the field of public health are also involved in advocates representing people who are not capable of voicing out themselves like children, the mentally handicapped, the disabled and the poor, this people cannot help themselves. Their job description is almost similar to that of the social worker. With only a difference in the terminologies that were used.

The usual kind of work a health professional is engaged is the alignment of the people in need with the given resources that are available. Like say for instance a temporary shelter for the homeless, care for the abandoned children, and other stuffs related to public service. In other words if you want to be a health worker your desire to help others should be exceptionally strong. Your heart should be dedicated in helping other people sincerely.

Generally a social work bachelor’s degree is a requirement for health jobs, sometimes however sociology or psychology degrees are considered as an alternative. A social work bachelor’s degree will be a prerequisite and a preparation for the practical applications of jobs in public health. You will be dealing with different kinds of people, and these people are usually less fortunate.

If you would like to advance further from doing fieldwork to management, then you must plan on taking up a master’s degree. Taking up a higher education will make you aware and you will be able to learn managing various cases that has something to do with health. You will also be engaged in bigger operations and your awareness will widen and your level of awareness will make determine operational and strategic needs of public health operations.

There are available public health online degrees and this will actually prepare you in becoming a front-liner in public health. You will be trained in caring and guiding your patients. It will qualify you for positions that are considered to be entry level in scope and nature. There are also advance programs under public health online degrees. However your expectations should be mostly manual, handling things all by yourself it’s like a field instruction that will at least give you the experience that you need to make more improvements in your career.

There are other things that you should undertake so you will be granted a license. Public health online degrees are actually easy to handle, the difficult part is the internship. This is something that most people would consider as a difficult task. It is not actually that difficult the problem with this however is that all theories may be supplied by online subjects and practical ones will be applied during the internship.

Public health online degrees should be pursued by people who have a heart, those who are considered to be volunteers and with little thoughts of being compensated, whose primary goal is to help, assist and make other smile out of the difficulties that they are facing, they should be thinking more of others and they should be warm towards others. There are many sites supporting public health online degrees and people who intend to volunteer for this should be up for the difficult tasks. Theoretically public health online degrees may be a great help to people who would like to extend help.

Selecting the Right Health-Medical Tourism Package

You should be knowledgeable to check your priorities for medical travel abroad upon inquiring a few medical tourism facilitators. Your priorities must closely match to the information of medical tourism providers.

Your surgery package begins with registering with the medical tourism provider. Knowing your priorities, the healthcare professionals give you cost estimate. Upon checking your financing options, the cost estimate and your health-medical tourism package will be conformed against the selected destination country and healthcare provider respectively. The type of surgery also is another major concern.

The destination country, the health provider and the surgeon is introduced to get familiarize along with your first consultation. Your medical tourism provider will arrange for video conferencing with your specialist abroad allowing you to express your health concerns, the recovery period, gaining self-confidence on the surgeon’s ability and your treatment options. The specialist will review your medical records and will ask you to get yourself prepared by giving some prescriptions or precautions to follow.

You will be assigned a personnel care manager who will take care of your itinerary of the whole travel destinations including the tourist locations, paper work for travel, contacting with host country manager and are included, be assigned to you. Upon your departure from your home country, the host country manager will receive you and proceed to the hospital for registering at the hospital.

The host manager will give you all the necessary information about the local travel, important phone numbers and hand phone to keep in touch with your family abroad and arrange for your next consultation with your specialist. Your specialist examines your health condition; perform any diagnostic tests required for your surgery to know the disease maturity. You should be able to convey any other troubling health condition so that it is taken care and do not obstruct surgery’s success. Your surgery dates and recovery periods are conformed to you.

Your post-surgery treatment will be detailed which has to be followed with strict adherence. Your discharge summary, medical records and relevant prescription for post-surgery treatment are transferred to your local physician in your home country. You can opt for telemedicine option in your home country as part of your post-surgery treatment.

Getting yourself prepared for the medical travel

You should know some important information before your travel. Your passport and visa validity should be in line with your tentative surgery dates and recovery period. Your itinerary should include additional few days in case of your recovery period extension. Your medical and insurance documents, if any, should be handy all the time. You should be able to furnish them when necessary.

It is important for the host manager to know about your dietary regimen. He should advice you about nearest ATMs, which accept MASTER or VISA credit cards to meet any emergency and local expenses. Planning in temperate weather conditions will allow your immunity to faster recovery and hence you should carry appropriate clothing.

Your host manager should also inform you about local culture, language spoken and make sure the medical tourism provider assist you in keeping a translator if there is any need. Planning for recreational activities should be on the advice of your specialist.

Health Medical Supplies

The purpose of this article is to give seniors and caregivers lifestyle advice that can create a positive impact. With baby-boomer closing in on retirement there are more and more seniors on the web every day. Health Medical Supplies is all about improving your life or a loved one’s life in the later years by giving comprehensive advise about health and medical supplies. In this article I just want to discuss the importance of staying active and independent for as long as possible. In my experience as a life and health insurance agent I have gone on thousands of in home appointments with seniors and I have seen everything.

I have also worked with seniors in thirteen different states, so when I say I’ve seen everything I mean literally everything, and if I haven’t seen, I’ve heard it from my co-workers. So if I had to give one piece of advise from my experience it would be “take care of your body and it will take care of you”. The healthiest seniors Ive met were always active ones, mentally and physically. I’m not saying you have to be Jack Lalanne, just try to be active is all I’m saying. Get out and walk once in a while, take the stairs, sign up for a water exercise class. Always consult your doctor before making these sort of changes to your life.

It’s amazing how big the diet industry, everyone wants to find the magical pill they can take that makes the fat melt away. So now I’m going to pass along a secret, a secret that you can use to help you lose weight that is guaranteed to work, are you ready, here it is – Diet & Exercise really work!! – whew. Glad I got that out there. When you exercise and watch what your eating you have more energy, when you have more energy you feel better, when you feel better you have less stress, etc. Its a heck of a cycle, but again it works. So what does medical supplies have to do with staying health and independent?

I will go over one of my favorites: Hot/Cold Water Therapy system is a machine that you fill up with water and then it has a tube connected to a wrap. You take the wrap and wrap it around your leg or back or hands or wherever you have pain, swelling, poor circulation, etc. You turn the machine on and it pumps hot or cold water through the wrap increasing you blood flow and reducing any pain or inflammation that you are experiences. I luckily have access to this machine so I use it my self. I like to do 15 minutes of hot water and then 15 minutes of cold water therapy until I’m satisfied. So if you have Medicare you can get one of these for nothing. So hopefully I have helped someone out today and then maybe I’ll help out another person tomorrow or next week with this article. I just know that I can reach so many more people online. So that’s it hope you enjoyed and have a great day!