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Tag: Financial

How the timing of your Social Security check impacts your financial health

How the timing of your Social Security check impacts your financial health

Finance
Your financial wellness could hinge on the timing of your Social Security check every month, according to new research.For 28 million beneficiaries, Social Security checks are issued on the second, third or fourth Wednesday of every month according to birth date. Other beneficiaries get their checks at other times of the month.The timing of those checks and how they correspond to the due dates for your bills can make a big difference whether you are cash rich or cash strapped, research from the University of Nebraska-Lincoln and the University of Illinois at Urbana-Champaign found.For every one week increase in the timing between when the money comes in and when bills are due, there is an 18 percent increase in the likelihood you will come up short, the research found.A one-week discrepanc...
Here are the biggest reasons every entrepreneur should have a financial plan

Here are the biggest reasons every entrepreneur should have a financial plan

Finance
I understand the attraction and challenges of entrepreneurship. I am also acutely aware of how financial planning for entrepreneurs is different. In college I went to Mexico to study Spanish and paid for most of the cost by buying American candy in bulk and selling it to other students. In my working career I've spent more time working for myself than working in a corporation.Financial planning for entrepreneurs can be more difficult. But being an entrepreneur has many payoffs. Retiring years before "normal" retirement age, starting another business or only working on things that are really interesting to them personally are all things clients who have entrepreneurial goals can achieve. But you need a financial plan to attain those payoffs.Planning in the early stage of an entrepreneurial ...
Govt amends PMLA rules to extend Aadhaar linking date for all financial accounts till after SC order

Govt amends PMLA rules to extend Aadhaar linking date for all financial accounts till after SC order

Finance
The finance ministry has amended the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, via a issued notification yesterday, extending the date for submitting Aadhaar by existing account holders to financial entities till a date to be notified after the final judgement in the petition challenging Aadhaar pending before the Supreme Court. This follows the interim order, dated 13th March, 2018 of the SC in the Aadhaar case, which extended the last date for linking Aadhaar with existing bank accounts from 31.03.2018 till the final judgement of the case. As per the existing rules relating to the Prevention of Money Laundering Act, account holders had to submit to specified financial entities their Aadhaar number by March 31, 2018. This essentially implies that submission of A...
Noble Group signs binding agreement for financial restructuring

Noble Group signs binding agreement for financial restructuring

Finance
Commodities trader Noble Group said it has finalised a binding agreement with a group of senior creditors holding 46 percent of its debt, and was in talks with others, on a restructuringdeal crucial to its survival. Noble said in a statement on Wednesday that its Restructuring Support Agreement (RSA) had been signed by creditors known as the Ad Hoc Group. Noble is also seeking support from its senior creditor, Deutsche Bank and trade finance provider, ING Bank. The trader said Deutsche Bank had signed the RSA, and ING Bank was in the process of seeking credit approval to sign it. Together, both represent a further 4 percent of Noble's claims. Noble said the Ad Hoc Group was also in contact with other senior creditors who were holding an additional 15 percent of claims and had indicated the...