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Planning For Retirement Late in Life

15 May, 2010

Not all of us have had the luxury of spending the last 20 years to secure our financial future. Most of the time, through no fault of our own, putting aside money for retirement takes a back seat to handling emergencies or schooling for our kids, or simply the daily expenses of life. If you’re looking down the barrel of 65 and you don’t have anything put aside yet for your retirement, don’t worry. It’s never too late to start planning for your retirement. It may take a little extra work, but you can secure your financial future.

Let’s look at one of the best ways to ensure that you’re going to have a steady income coming in after you’ve retired. Millionaires

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Market Report: FTSE 100 massacred as eurozone fears intensify

15 May, 2010

On a day where company news took a back seat, Europe was the focus; and a bloodbath ensued. The FTSE 100 fell after three days of rises, and boy, what a fall.

The top tier gave up a whopping 3 per cent, or 170.8 points, to close at 5,262.8. While there had been a slight wobble in London over potential disagreements in the coalition government, the fracturing of the eurozone really caught the imagination. Fears escalated on reports that the French President, Nicolas Sarkozy, had threatened to pull the country out of the euro if Germany failed to help Greece. Deutsche Bank’s chief executive, Josef Ackermann, did not help as he predicted that the Greeks would never pay the debts back in full.

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Iceland seeks retribution from Jón Ásgeir Jóhannesson

13 May, 2010

Nine West was one of many familiar UK high street retail chains in which Jóhannesson’s group Baugur held a stake. Photograph: Graeme Robertson

When Baugur began buying up the British high street in 2004 the Icelandic outfit, led by its handsome executive chairman Jón Ásgeir Jóhannesson, was hailed as a new breed of Viking raider.

The Icelander with the shoulder-length blond hair and black designer clothes behaved more like a rock star than a sober businessman, throwing champagne-fuelled parties and seducing business associates with trips by private jet to Reykjavík to sample a thriving 24-hour party scene as the small island nation reinvented itself as a banking hothouse.

On the London circuit Jóhannesson, a paper billionaire at one time, was feted as the new kingmaker of British retail, in league with tycoons such as Sir Philip Green as he poured hundreds of millions of pounds into an acquisition spree that swallowed up retailers from swanky jeweller Mappin & Webb to House of Fraser and no-frills food chain Iceland. At th

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Planning for Your Retirement The Smart Way

13 May, 2010

As millions of aging baby boomers start contemplating how they are going to survive when they’re no longer working, retirement planning has hit an all time high. Whether you’re just starting out in the workforce, or you’re staring 62 in the face and wondering where the money is going to come from, it is never too late to start planning for your retirement.

There are many ways that you can start putting money aside to help you in your later years. First, you’re going to need to figure out how much money you need every single year to survive. Take 10% of that and add it on for emergencies. You’ll

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ACCC to reject Perth Airport car plan

13 May, 2010

The competition watchdog has flagged its intention to reject a proposal by a group of car rental companies to enter into collective negotiations with Perth Airport.

The Australian Competition and Consumer Commission said Perth Airport is using a competitive request for proposal process to allocate counter space and parking bays to car rental companies. A group of car rental companies wants to collectively bargain with the airport about the licence terms and conditions for counter space and parking bays.

The members of the proposed bargaining group – Hertz, Thrifty, Avis, Budget and Europcar – all currently offer car rental services at the airport. Full Post…