How to Manage Your Personal Finances – Retirement Capital Requirements

Many articles have been written about the subject of retirement planning and there are many books published by experts on this very important issue. I have just recently joined the fold of the retired group and I have been through the mill (so to speak) of planning and implementing my retirement plan in it's initial phase. It is this, the initial phase, which I would like to concentrate on in this article.

So, how do I plan my retirement date?

Most companies have contractual dates for retirement. For example, retirement ages could range from 55 years old for early retirement to 60 years old for Directors to 65 years old for operational staff. These dates are generally a guideline since companies do exercise some flexibility when applying these parameters. However, each individual should be using these parameters as a benchmark and then build a projected financial model to see if they are adequately provided for in retirement. Note: The use of a financial advisor is highly recommended in this planning process.

Since the above guidelines, your retirement date is in fact flexible provided that you can satisfy the golden formula which is expressed as: "Accrued income plus passive income must exceed your current cost of living plus an adjustment (up or down) for lifestyle choice in retirement plus inflation projections and sufficient liquid cash for emergencies ".

Let's face it, the thought of early retirement is in the minds of all of us but if you can not afford it, you are heading for suicide.

Let me expand the golden formula as follows:

  • Accrued income is the monthly pension or income that you can derive from your pension accumulation through your working life. This figure will be provided to you by your pension fund or your investment institution.
  • Passive income is income from investments that you made through your working life. Here you consider regular income from property investments, equity investments, dividends, savings interest, business partnerships and any other form of reliable income which you will derive on a monthly basis.
  • Current cost of living is the full annual cost of your current lifestyle. Be extravagant in estimating this figure and be sure to include everything that you incur as a cost.
  • Adjust your retirement requirements up or down depending on your circumstances and your intended lifestyle in retirement.
  • Make adequate provision for injury during your retirement years. Your financial advisor should project your retirement capital adequacy over your expected lifespan.
  • Ensure that you have a 'nestegg "of cash available for emergencies such as buying a new car, unexpected medical bills, renovating your house, helping your kids, taking some holidays and anything else which is relevant to your situation.

I spend many hours pondering the above elements and I suppose it is only natural to be very conservative about whether you can actually go ahead and retire. Assuming that the criteria for the golden formula are met and in order to make the decision a little easier, the following points are highly recommended:

  • You should have no heavy debt burdens. Your mortgage should be paid off, your car hire purchase agreements should be settled and you should have no major debt commitments. In fact, you should be able to live from cash out of your wallet.
  • Your "wish list" for your activities in retirement must be catered for in your planned expenditure.
  • You must not have any plans that requires you to erode your capital base.
  • You need to be sure that your monthly income is pretty secure and you need to have alternative plans if for some reason, your monthly income drops.
  • You need to be able to save some of your retirement income monthly just to prove that you are coping.

In this planning exercise, you need to budget for everything that you want in retirement. Once you have taken the step, there is no turning back if you are serious about retiring. You also do not want to find out that you can not afford some of the things which you had in your vision.

In conclusion, the most important factor in planning your retirement is to ensure that your life partner (if appropriate) is fully informed and on board with the plan and that you create a mutual acceptance and arbitration about your future in retirement.

The above article is created to stimulate thought on your own unique circumstances and you need to tailor your plan accordingly.

Creating An Indoor Herb Garden

Creating an indoor herb garden is quite an easy task as herbs are inexpensive plants that are easy to maintain and are undemanding. An indoor herb garden can be termed as an introductory course for any beginner to the art of gardening.

Depending on their use, herbs can be classified into culinary herbs, medicinal herbs and aromatic herbs. Culinary herbs include basil, rosemary, parsley and oregano. These herbs are used to add spice and flavor in food. Medicinal herbs include plants like echinacea, valerian, hypericum, gingko and garlic that are widely used in medicinal preparations. Oils from plants like lavender, rose, mint and basil are used for aromatherapies. Most of these plants are not suitable for an indoor herb garden as it is difficult to extract the medicinal parts of the plant. Ornamental herbs are those that are grown to enhance the beauty of homes.

You can start with herbs like oregano, rosemary, garlic chives, mint and thyme. You can either buy these plants at a garden center or can use stem cuttings. Containers are useful for growing herbs at home as these are easy to carry and are convenient for adjusting soil mixtures. These containers are available in different colors, so creating an added attraction. You can also start an indoor herb garden from the seed level. Heavy clay or terra cotta pots are preferred as these pots facilitate good circulation of air and water.

You can have a beautiful indoor herb garden if you follow certain tips. Soilless mixture of vermiculite, peat and perlite ensures proper growth of seeds and seedlings. Keeping pots in the southern or western window ensures proper sunlight and air. Soil in the containers and pots should be moist but not damp. Pots should be kept in shady regions during summers. Humidity around indoor plants can be increased if they are grouped together.

Mental Health Supplements

Most people, who suffer from depression, also suffer from anxiety disorder. In fact, anxiety and depression are the most common types of mental health issues. The cause of these disorders is due to chemical imbalances in the brain. There are prescription drugs that a doctor can prescribe to help lessen the effects of depression and anxiety. These treatments can provide relief, but there are also alternatives. Many individuals have had success with using mental health supplements. Some individuals rely on 100% mental health supplements for treatment, while others use health supplements in addition to prescribed medicines. Before choosing to take mental health supplements for depression or anxiety, be sure you first speak with your physician.

Omega-3 fatty acids are an excellent way to help with symptoms of depression. There are many ways to increase omega-3 take. The most common way as with fish oil supplements or you can take flax seed oil supplements. The reason why this is an effective therapy for depression is due to the eicosapentaenoic acid, which is found in fish. For people who are depressed, they tend to have lower levels of eicosapentaenoic acid.

Often found in research on mental health supplements, is the suggestion of increasing amino acids. When people suffer from anxiety or depression, lower levels of amino acids are usually found. Some doctors specialize in amino acid therapy. Therapy may or may not be needed, but you can find many amino acid supplements available on the market. When taking amino acid supplements, patients tend to notice an increase and improvement in mood.

Studies show that patients who suffer from depression also have vitamin B deficiencies. Vitamin B is important because it helps with mood regulation and brain function. Taking a daily dose of vitamin B can help lower the symptoms of depression.

When researching for mental health supplements you may come across one named SAMe – otherwise known as S-adenosyl-L-methionine. You can find SAMe easily as it is available for the dietary supplement. This chemical, S-adenosyl-L-methionine, is made by the liver and helps produce neurotransmitters. When taken as a supplement, it improves the conditions of depression.

For an herbal extract, the most widely used is St. John's. John's wort. St. John's wort is best to use in cases of mild to moderate depression. For anxiety herbal supplements, there is passion flower, kava kava and magnolia bark. An Herbal treatment that is good for both anxiety and depression Ginkgo biloba.

Once again, it is important that you first consult your physician before you try to use mental health supplements . This is especially true if you are already taking prescription medines or over-the-counter medications. The reason for this is that some of these supplements can have an adverse reaction to certain medicines.

Domain Name – 3 Reasons Why You Should Have Your Main Keyword in Your Domain Name

A good domain name provides a great deal of value for your organization and there are many different reasons why this can make a difference for your online business. One of the best ways to capitalize is by placing your main keyword in the domain name itself. This can give you a head start in your quest towards successful online business development.

Here are 3 reasons why you should have your keyword in your domain name.

1. Immediate SEO. Having your keyword in your domain name is like an immediate SEO boost. You are automatically going to have an edge on other websites who do not include keywords in their domain name. The more places you can put your keywords the better, and no place is more important than your domain name because its power transfers to every page on your site.

2. Advertising. Using your keyword in your domain name is giving you an opportunity to advertise to people and entice them to click on your link. When people see what your website is all about, they will instantly give more credibility and recognition to it if it matches what they are looking for. Therefore you'll be able to drive more traffic to your site just by having your URL displayed.

3. Targeting your Audience. It's extremely important to target your audience and to attract the right kinds of people to your website. Including keywords is another easy way that you can complete this task for your online business. If your website domain is "JoesStore", nobody is going to know what your website is about. However, if your domain is "JoesDiscountTools", then people will immediately know what to expect from your site and you'll be able to target your audience far more effectively.

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