AARP

AARP Finance - The USA economy is in chaos as more and more workers are being laid off, unemployment will probably rise to 8%. so what does this all mean to AARP members who are seeking way of earning extra money to cover their living costs. >AARP members will find it very difficult to get part time or full time jobs as completion for work will increase. Labour Department data showed that the number of people requiring unemployment benefits for more than a week is also increasing, meaning that it is taking workers longer to find new employment. The figure jumped 65,000 to 3,897,000 for the week that ended Nov. 1. That is a 25-year high.

AARP 401(k) and other retirement funds will take some 5 years to provide get back to the level of return achieved before the crisis began.

AARP news from around the world shows that Germany is now officially in recession and oil is hovering around the $60 per barrel level as global oil demand is expected to fall.

My Advice to AARP members is to take your future in your own hands and join an established work at home business to supplement your own, do not join a newly launched business because that will incur high start up cost.

David Ogden - Tomorrows Home Business
Contact Us

AARP

AARP Finance Starting DEC. 15, Fannie Mae and Freddie Mac, the mortgage finance giants now controlled by the federal government, will modify loans for borrowers who have missed three or more payments, own and occupy the home as a primary residence and have not yet filed for bankruptcy. More than a quarter of all delinquencies affect homeowners over the age of 50, according to AARP research.

Certainly AARP members in the USA are better off than their counterparts in the UK, where banks are now seeking to foreclose on loans where two payments have been missed and due to a recent high court ruling, using a little know law they can repossess property without going to court, so AARP members should beware.

Members of AARP who have subprime loans where the value of the loan exceeds the value of property will not got any help. The reason the US government stepped in to support banks such as Freddie May and Freddie Mac was due to their mismanagement of loans which started the ball rolling in the first place, so it is ironic that AARP member in severe financial difficulties are not being helped.

On a side note banks and credit card suppliers in the the UK are increasing their rates despite a recent drop in Base Lending rates and some have been slow to reduce their mortgage rates.

David Ogden - Tomorrows Home Business
Contact Us

Tel 603 217 5219
Skype: seadogs11

AARP

AARP Finance - NEW YORK (CNNMoney) -- The Bush administration on Tuesday unveiled a new program to modify mortgages and stabilize the battered real estate market, but the plan stops short of providing direct government financial help to at-risk homeowners.

The plan centres on Fannie Mae and Freddie Mac, which between them own or back about 31 million mortgages worth a combined $5 trillion and were the root cause of the financial situation. The federal government took over the firms in September due to mounting losses on their portfolios of mortgages.

Eligibility is determined by several factors: AARP Homeowners must be 90 days or more late in their mortgage payments, owe at least 90% of their home's current value, live in the home on which the mortgage was taken and have not filed for bankruptcy.

AARP mortgage payments would be adjusted through lower interest rates or longer repayment schedules with the goal of bringing payments below 38% of monthly household income. Interest rates could be lowered for five years and then raised to a predetermined level. Loan terms could be lengthened to 40 years. Some AARP members in the UK could also be getting some good news soon as interest rates fall. A couple of lenders have mortgage rates fixed at points below the current bank rate so if the bank rate is cut again they could end up with a 0% mortgage.

David Ogden -Tomorrows Home Business
Contact Us

AARP

Why are so many AARP members in dept?

We need to look back to 2006 when the property market began to decline and many people who had gambled on rising prices to pay off mortgages suddenly found themselves exposed. The banks had actively encouraged people to borrow more than they could repay, which is the reason so many banks have now failed.

The loss of faith in the banking sector spread quickly to the stock market this year and suddenly AARP members found their retirement funds had lost value Those AARP members approaching retirement having to make the hard choice of delaying retirement or retiring on a smaller pension.

October and November have seen many companies laying off workers and quite often those laid off are the older workers, often AARP members who are on relatively large salaries as a result of pay rises in boom times, who can be replaced by cheaper labour.

So how can members of AARP improve their situation and get out of dept. They need to cut all unnecessary spending and use cash rather than credit and find additional sources of income with part time jobs or by setting up their own business.

David Ogden -Tomorrows Home Business
Contact Us

AARP Finance - 401(k)

AARP Finance - Why Enrol in a 401(k) Plan
Your 401(k) plan enables you to automatically take advantage of tax-deferred growth. With gradual elimination of most defined-benefit pension plans and great uncertainty around Social Security, saving for retirement on your own is increasingly critical.

How to Enrol in a 401(k) Plan
Although some companies automatically enrol employees in their 401(k) plans, you may need to complete a simple form to participate in your plan. You'll determine how much to save and select your investment options. Don't worry! The amount you save, the way you invest, and even your continued participation in the 401(k) plan are all decisions you can change at any time.

A 401(k) Plan is Employment-Related
You can only participate in a 401(k) plan if your employer allows you to do so. Your employer must both offer a plan and you must be eligible to participate. Therefore, you cannot set up a 401(k) plan on your own. (However, if you work, you can establish an Individual Retirement Account (IRA) privately. If you're self-employed, you'll have other retirement planning options as well.)

Contribution Percentages
The amount you save in your 401(k) plan is often called your contribution percentage. If your gross pay is $3,000 and you'd like to put $300 of each paycheck into your 401(k) plan, you'll need to indicate a contribution percentage of 10%, since 10% of $3,000 is $300.

Contribution Limits
For the year 2008, the most you can contribute to a 401(k) is $15,500. If you are 50 or over, you may contribute a total of $20,500. Your employer may further limit the amount you are eligible to contribute. Note that IRA contribution limits are completely separate.

Contribution Deadline
Unlike an IRA, there are no deadlines for contributions. However, the sooner you enrol, the sooner you can begin tax-deferred saving for your retirement.

Tax Deduction
Every regular 401(k) contribution immediately reduces your taxable income. For example, an individual in the 25% tax bracket who makes a $100 contribution to her 401(k) plan will immediately save $25 in taxes. (25% x $100). Although her 401(k) balance increases by the full amount of her $100 401(k) contribution, her paycheck only decreases by $75! Unfortunately, a 401(k) contribution does not reduce the amount you must pay in FICA and Medicare taxes.

Tax-Deferred Growth
Since the money in your 401(k) plan grows tax-deferred, you do not pay taxes on the earnings in the account. In fact, you do not even report the income to the IRS. It is not until you take your money out of the 401(k) plan, ideally during retirement, that you owe taxes.

Investing Your 401(k) Money
Investing your 401(k) money is critical to its long-term growth. Your investing strategy should change over time. The younger you are, the more aggressive your asset allocation should be, meaning increased ownership of stocks. As you near or enter retirement, your 401(k) balance should begin to reflect the reality that distributions are not too far away, and you should have a smaller share of your retirement money invested in stocks.

No Income Limitations
Unlike many other tax deductions and credits, eligibility to contribute to a 401(k) plan is not restricted by any maximum level of income.

Employer Matching Programs
Many employers provide matching contributions to their employees' 401(k) plans. In an employer matching program, the company puts money in the 401(k) plan of each individual who also contributes to their 401(k) plan. If you choose not to participate in your 401(k) plan, you typically forfeit this matching contribution. That's why not participating in a 401(k) plan up the level an employer matches is often called turning down free money.

Required Distributions
In most cases, you must begin to take money out of your 401(k) plan starting with the year after you reach 70 1/2. The required minimum distribution amount is determined by the Internal Revenue Service and is based on your life expectancy.

David Ogden -Tomorrows Home Business
Contact Us

AARP - News

AARP Finance news is pretty gloomy these days sales figures are falling as the credit crunch hits customers pockets. Unemployment is increasing as companies start laying off staff and with thanksgiving and Christmas just around the corner it going to be a bleak time.

Just how AARP members will fare its hard to predict already some are cutting subscriptions for cable TV and phone services and switching to the Internet for free entertainment and communication.

The Internet can be a source of income for members of AARP some of whom already run their own online business. Yes you can make money on the Internet so long as you avoid the scams and get rich quick schemes. One business I recommend to AARP members is Tomorrows Home Business, because it is so simple to understand, easy to use and will after a period of 5-10 years be able to provide you with a monthly income for a relatively small initial outlay.

Many people in the USA are waiting for new incentives promised by Obama to materialise, however what ever changes he makes will take a year or more to start improving the situation, in the mean time its up to AARP to take action now to improve their lifestyle.

David Ogden -Tomorrows Home Business
Contact Us

AARP Finance

AARP Finance - The 401(k) retirement saving plans used by AARP members was formed 30 years ago and until recently was showing good returns for AARP member who could afford to invest in them.

Many AARP members benefited from match contributions from their employers, but a growing number of companies are now reducing or abandoning matching contributions, which will have a disastrous consequences for those AARP members who are nearing retirement.

Here are some examples of companies who have changed their contributions

Dollar Thrifty Automotive Group Inc saved themselves $1.8 million by suspending matching 6% contributions during fist six months of this year.

General Motors Corp suspended 4% matching contributions.

Frontier Airlines Holdings Inc - Spokeswoman Lindsey Purves said the company discontinued its match June 1 as part of its effort to cut costs as it works its way through Chapter 11 bankruptcy protection. Company put in 50 cents for each dollar employee contributed up to 10 percent of pay.

The double whammy of large loss of value in the 401(k) plans which will perhaps take 5 years or more to recover and the need to contribute more due to the loss of company contributions will result in AARP members needing to delay their retirement date because they cannot afford to retire.

Some AARP members are beginning to think outside the box and looking to set up home based businesses to circumnavigate the shortfall but even plans such as Tomorrows Home business take some years to produce sufficient money to retire on, there is no quick fix.

David Ogden -Tomorrows Home Business
Contact Us

AARP

AARP Finance - The Bank of England today announced its single largest interest rate drop since 1981. The reduction of 1.5% was welcomed by the trade unions, Confederation of small businesses and the House builders Council.

Lloyds TSB announced that it will pass on the full amount of the rate cut from 1 December. Other banks are set to follow suit. This follows rate cuts in USA, Japan and Australia. It is also likely that other central banks will announce reductions in the near future.

European Central bank cut rates by 0.5% and Korea is expected to announce a rate reduction tomorrow.

Stock markets around the world had a bad day however which indicates there is a no quick fix the the worlds financial woes.

If AARP members are looking for ways to increase their income, they perhaps need to take matters into their own hands and consider starting their own business or at least associate themselves with a business that is still making money.

Changes in administration following the election of Obama will affect how aid packages and financial rescue plans approved and in the pipeline will be implemented and it is expected that national dept will continue to increase as the USA still need to support companies and AARP home owners and it is perhaps this matter which is holding back a recover on the stock market.

David Ogden -Tomorrows Home Business
Contact Us

AARP Finance

The problem now for the likes of AARP members is that that a town house in the 70's cost around $20,000 but is now valued at at $ 2 million and there is now way wages could have ever kept up.

All right now recommended borrowing for AARP members is between 25%-30% of the gross monthly household income says Lawrence Yun, chief economist for the National Association of Realtors in Washington. But some AARP members have taken out low cost start up finance which escalates over time and so are now needing to set aside 40-50 percent of their gross monthly income to cover housing costs.

AARP members are not alone around the world house prices increase faster than wages and many countries such as the UK have seen property prices crash leaving negative equity situations. Maybe speculators who drove the markets up will suffer losses but many other innocent AARP members will also suffer as well.

David Ogden -Tomorrows Home Business
Contact Us

AARP

AARP Finance - It seems that if Obama and Democratic Congress win , all AARP middle and upper middle class retirement plans would be at risk, not just the "rich".

A 28% Gains tax on profit from ALL home sales.

How does this affect AARP members ? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect AARP members who are counting on the income from their homes as part of their retirement income.

DIVIDEND TAX

Increase from 15% to 39.6% How will this affect you as a member of AARP. If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes when Obama become president. The experts predict that 'higher tax rates on dividends and capital gains would cause the stock market to fall again and delay long term recovery.

Increased tax rate for home sales - would be detrimental for those AARP members downsizing and planning to use proceeds for retirement and other purposes.

Energy use and consumption taxes such as for homes over 2400 square feet and on all fuel. Well intentioned, but definitely would fall heaviest on those less able to decrease their energy usage through higher efficiency appliance purchase or AARP members having less disposable income.

David Ogden -Tomorrows Home Business
Contact Us

AARP Finance

AARP Finance - Now is the time to start buying stocks according to experts.

"If you buy now and wake up in 10 years, you'll probably get a return around the historic average," said Yale economist Robert Shiller. In the near term, however, Shiller - who correctly predicted the implosion of the stock-market and real-estate bubbles - is more cautious. "There is a substantial risk that with all this economic turmoil, stocks will fall far lower," he warned.

The key information for AARP members is to look long term. Many stocks have good Price over Earnings ratios or earnings yield of 15.7 which is good for a long term profitable return.

Research by economist and hedge fund manager Cliff Asness shows that buying in at a P/E usually leads to poor returns, while grabbing stocks at a low P/E - less than 16 is a reliable route to riches.

Members of AARP will find that they will get around a 9% return when adjusted for inflation, which is better that the last 10 years average, however to get this level of return you will also need a dividend yield of 4.5%.

An alternative way of earning a good return is for AARP members to set up a home based business using a model/plan developed by Economist Dr Raymond Jewel at Tomorrows home business who holds weekly online presentations at http://www.tomorrowshomebusiness.com/Conference_Room.html

David Ogden -Tomorrows Home Business
Contact Us

AARP Health

AARP Health offers information on many diverse health subjects such as the following advice on screening tests: What You Need and When.

Health experts from the U.S. Preventive Services Task Force have made these recommendations, based on scientific evidence, about which screening tests you need and when to get them.

Abdominal Aortic Aneurysm. If you are between the ages of 65 and 75 and have ever been a smoker, talk with your doctor about being screened.

Colorectal Cancer. Have a test for colorectal cancer. Your doctor can help you decide which test is right for you.

Depression. Your emotional health is as important as your physical health. If you have felt "down," sad, or hopeless over the last 2 weeks or have felt little interest or pleasure in doing things, you may be depressed. Talk to your doctor about being screened for depression.

Diabetes. Have a blood test for diabetes if you have high blood pressure.

High Blood Pressure. Have your blood pressure checked at least every 2 years.High blood pressure is 140/90 or higher.

High Cholesterol. Have your cholesterol checked regularly.

HIV. Talk with your doctor about HIV screening if any of these apply:

• You have had sex with men since 1975.
• You have had unprotected sex with multiple partners.
• You have used or now use injection drugs.
• You exchange sex for money or drugs or have sex partners who do.
• You have past or present sex partners who are HIV-infected, are bisexual, or use injection drugs.
• You are being treated for sexually transmitted diseases.
• You had a blood transfusion between 1978 and 1985

Obesity. Have your body mass index (BMI) calculated to screen for obesity. (BMI is a measure of body fat based on height and weight.) You can find your own BMI with the BMI calculator from the National Heart, Lung, and Blood Institute at: http://www.nhlbisupport.com/bmi/.

Sexually Transmitted Infections. Talk to your doctor about being tested for sexually transmitted infections.

A Note on Other Conditions. Every body is different. Always feel free to ask your doctor about being checked for any condition, not just the ones above. If you are worried about diseases such as glaucoma, prostate cancer, or skin cancer, for example, ask your doctor. And always tell your doctor about any changes in your health, including your vision and hearing.

AARP health provides free information and resources to help resolve problems for its members

David Ogden -Tomorrows Home Business
Contact Us

AARP Financial

AARP - Financial: OPEC is unwilling to help out IMF

OPEC Secretary-General Abdullah El-Badri said it was "surprising" that the cartel's member countries were being asked to step in.

"This crisis created in the (United) States must be solved within the States," he told the same gathering, in contrast to Brown's repeated statements that the current financial turmoil was a global problem that required global solutions.

Gordon Brown the UK Prime Minister is visiting the Middle East seeking support despite earlier blasting OPEC for reducing oil output to maintain a high oil prices.

China is another country which could come to the aid of the IMF but this could prove a costly move as are likely to insist on a greater share of political power.

Debt is a major problem for AARP members some of whom hope that recent request by lenders to be allowed to reduce outstanding credit card dept by up to 40% on a case to case basis may help to improve customers financial situations will be agreed. They may have to wait until after the election.

David Ogden -Lose Weight USA
Contact Us

AARP

AARP Financial - The roller coaster week that has seen Oil prices fall by $2 a barrel has ended. For the fist time in two years USA oil consumption has dropped as belts are tightened to ward off economic decline. Hopefully for AARP members winter fuel cost will also be reduced.

Japan joined the growing number of countries forced to step in and and support their economy with a $243 billion aid package which includes fixed sum benefits of $600 for a family of four.

Major countries around the world are cutting interest rates to kick start a recovery, but this could have mixed results for AARP members as saving rates will also move downwards. There is growing concern as to how all these aid packages are going to be funded at the end of the day governments will be forced to balance the books which is likely to mean an increase in taxes.

One piece of good news for AARP members is the 5.8% increase in social security benefits that will be paid next year, one of the highest increase on record due to inflation during the current year.The average monthly payment for retirees is $1,090. In January it will rise to $1,153.

David Ogden -Tomorrows Home Business
Contact Us

AARP

AARP Finance - AARP chief executive officer Mr Novelli has recently written to Secretary of the Treasury to demand that mandatory withdrawals from 401(k)retirement plans for people over 70 be cancelled due to the current financial crisis.

Currently AARP members over 70 are forced to withdraw a minimum amount each year (by 31st DEC) from their retirements plans based on the value of the plan at the end of the previous year. Failure to withdraw the minimum amount incurs a 50% tax charge. Due to the stock market upheaval some fund may have lost up to 40% of their value and and is not the time to be forced to cash in hard won savings.

Some AARP members financial difficulties could on the other hand be helped also if the 20% early with withdrawal funds from 401(k) plans was temporarily withdrawn, which would release much needed cash.

Withdrawing money from retirement funds is not to be taken lightly as is reduces expected income in retirement and at the moment most funds are at rock bottom they will take some time time perhaps years to reach their previous highs.

One alternative for AARP members to putting money into a retirement plan is to invest it in a successful joint venture such as promoted by Tomorrows Home Business which over a period of ten years can provide a 15% returns way above the interest earnt by placing money on deposit The secret of creating money is to make best use of investments which compound results.

Ogden -Tomorrows Home Business
Contact Us

AARP

AARP Financial news today is is generally good, with markets around the World generally moving upwards as the USA lowered it base rate to 1%, it lowest ever. AARP members and others who have loans or finances will hopefully see up to 0.5% reduction.

Consumers in Iceland have recently seen interest rates rise to 18% a jump of 6% following the $2 Billion loan form the IMF.

Hungary yesterday was also bailed out by the IMF to the turn of $28 Billion and the news prompted a rise in both their currency and stock market.

AARP members should be aware that the costs of any rescue package has to be paid by someone, as Icelanders now know its going to be a long hard winter.

House holders in the UK are still struggling with some 70% of owners having to face the fact that the continued fall in house prices resulting in their loans exceeding the value of their houses. Perhaps and interest rate cut her might help, but at the moment no institutions are lending money.

The main question on the lips of members of AARP is have the markets reached rock bottom. Stock and shares are at bargain basement level compared to the past twenty years. Multi-Millionaires like Warren Buffet are prepared to take the risk but who is prepared to follow them?

David Ogden -Tomorrows Home Business
Contact Us

AARP

UK Pension funds have lost 33% of their value, or £187 Billion during the last 12 months, due to falling stocks and shares.

The bad news illustrates to members of AARP the likely effect on their own 401(K) retirement plans.

Now is certainly not the time to retire unless AARP members are lucky enough to work for a company that provides some kind of final Salary pension as is offered by some companies in the UK.

Yes the DOW rose 900 points yesterday and this might be a sign that the worst is over, however there is a long way to to. Hopefully stock markets around the world will also provide a positive response bouncing back from record 5 year lows in the USA and UK.

AARP members have been following the frightning ups and downs of the stock and might be wary of investing in the future, but what choices are there?

1. Put it under the bed and it will lose value due to inflation

2. Place it on deposit at a low rate of interest

3. Or invest in your business

Smart AARP members are investing in their business because reinvesting income back into a business will grow the business and produce better results.

Now is probable the best time to buy into a business, but only a few AARP members have sufficient funds to purchase a business outright. So what about the rest.

Starting a business from scratch might not appear to be the right option either due to business set up costs, buying stock, marketing etc, however there is another solution.

Tomorrows Home Business, has a proven business plan and model which produces results, because it is partnered with a health and wellness company who take care of all the marketing, selling and delivery of products. Leaving the AAARP member the opportunity to buy its existing customers and earn commissions.

David Ogden -Tomorrows Home Business
Contact Us

AARP Health

Many AARP members wonder if their "senior moments" might be signs of Alzheimer's. Dr. Murali Doraiswamy of Duke University has written a new book, "The Alzheimer's Action Plan: The Experts' Guide to the Best Diagnosis and Treatment for Memory Problems,"

Doraiswamy describes screening tests, how to differentiate Alzheimer's from other types of dementia, and how to tell normal forgetting from problematic forgetting. He also reviews the latest prescriptions for slowing memory loss in Alzheimer's patients.

Most important, he emphasizes, is for AARP members to detect the disease early, before major damage sets in. Early warning signs to watch for include:

• The memory loss is getting progressively worse.
• Friends and family are urging you to get a checkup.
• You can't remember what you forgot. Whole pieces of your past experiences are missing, and your memory can't be jogged.

It has been proved that sublingual B-12 can improve memory retention and can reduce the risk from the disease. If AARP members actively aim to protect their memory retention by attending memory clinics and taking extra vitamin B-12, they will enjoy a better lifestyle in their senior years.

Research is ongoing to the find genes which cause and might prevent Alzheimer's but at the moment there is no cure.

David Ogden -Tomorrows Home Business
Contact Us

AARP

AARP Finance - The Week has started the way the previous week finished with stock markets around the world continuing to fall. Recession is a reality but how should one deal with the consequences.

The first thing AARP members need to do is not to fall into the trap of taking on further loans. Stop using credit cards wherever possible unless you can pay them it in full.

AARP members need to reduce all unnecessary spending.

Normally when stocks reach rock bottom its is time for AARP members to commit more money to 401(k) plans in the hope that stock will rise and increase the value of their savings, the problem is twofold, knowing when to buy and guessing how quickly stocks will rise.

A more conservative plan might be to buy into an existing successful business but few people have the funds to do this, so an alternative might be to start a business in partnership with Tomorrows Home Business who have a business model which shows a rate of return which exceeds most returns on stock investments and is inflation proof. Full details are available by contacting us.

David Ogden -Tomorrows Home Business
Contact Us

AARP Financial

AARP Financial has responded to public concern with Mutual funds with the following statement:-

AARP Financial recognizes that recent events in the financial markets are causing concern among investors. For those invested in money market funds, you may also be questioning the safety of your investment. We want to reassure you that your investment in the AARP Money Market Fund remains a conservative, low-risk investment and that you have quick access to these assets if and when you need them. In addition, I am pleased to report that the AARP Money Market Fund is now enrolled and currently participating in the Treasury Guarantee Program.

Richard M. Hisey President, AARP Financial Incorporated

Well that way the good news, the bad news for AARP investors is that since June the values have fallen as the financial markets have been brought to thier knees. you money is safe but not worth as much.

AARP members need to take action and look for ways to diversify their future income streams, like members of Tomorrows Home Business.

David Ogden -Tomorrows Home Business
Contact Us