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Jul 6, 2013

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The Corliss Online Group Financial Magazine

Financial Tips for Boomers Looking to Retire Abroad As baby boomers continue to redefine retirement, many are looking to settle abroad to launch the next chapter in their life. Whether you are seeking a warmer climate, better tax advantages or more adventure, financial planners say retiring to a foreign land can present a number of financial challenges. To help create a retirement guidebook for boomers looking to leave the country to live out their golden years, I spoke with Michael Ward, CEO of USForex - North America and Europe, who detailed how retirees can preserve their income and avoid losing money when living abroad For more related article: http://www.corliss  (Feb 2, 2014 | post #1)

Business News

Corliss Online Group, Evaporating inflation

The economy of nation is always under adjustment constantly for pursuing the best balanced growth.  (Nov 25, 2013 | post #2)

Business News

Corliss Online Group, Evaporating inflation

Although the U.S. consumer price index figures to be released this week are not the ones the Fed targets, they may point to inflation shrinkage as well. The early consensus is for October CPI to show no increase month-on-month from September, when the annual rise was 1.2 percent. Some analysts even predict a fall in prices for the month. The Fed targets either side of 2 percent for inflation. It favors the PCE, or personal consumption expenditure, index, which tends to run slightly lower than CPI. It was up just 0.9 percent in the 12 months through September. Read more: http://akoamuhamma 13/11/25/corliss-o nline-group-global -economy-evaporati ng-inflation/  (Nov 25, 2013 | post #1)

Google attacked by MPs for failing to cut piracy sites fr...

A great day and a very explicit information.  (Sep 28, 2013 | post #3)

Help your parents with their finances

http://www.heralds st-of-living/alway s-ask-the-ageold-q uestions/story-fni 0cp8i-122669194432 8 AS PEOPLE live longer, caring for elderly parents is becoming an even bigger commitment for every adult child. There are the fun things such as visiting and enjoying your parents' company. Then there are the responsibilities, such as making sure your parents are financially secure and their affairs are in order. Today's elderly haven't had the benefit of long-term compulsory superannuation and many are struggling to get by on the age pension. Others simply need a hand managing their money in an increasingly complicated society. It's important you find out about your parents' finances before a crisis occurs. Many families are uncomfortable discussing financial matters, but it has to be done. STEP 1: THE TALK Don't phone your parents out of the blue and fire off a list of questions about their money. Sit down with them, show respect and tell them you have some questions you would like to ask about their finances. Explain you simply want to check everything is in order and whether they need any help looking after their money. No parent wants to face the problems of old age, and no parent wants to feel as though their children are putting them out to pasture. Try to personalise the conversation. For example, explain how you've been getting the right documents in order to make sure your family is OK if something happened to you, and you're wondering what they have in place. Everyone can recall a story of a friend or relative where the dominant financial partner dies, leaving the surviving spouse with no idea of their financial situation. Make sure that doesn't happen to your mother or father. Emphasise to your parents that your inquiries are not being made by a gold-digging child, but by a family concerned about caring for their parents in the best possible way. STEP 2: GET ORGANISED If your parents are elderly and starting to forget information or lose track of things, ask to meet their bank manager. Make sure your parents organise the meeting and make the introductions. During the meeting ask to sign an authorisation, which allows the banker to talk to you about their accounts. This means the bank will be comfortable in keeping you up-to-date with your parents' accounts and can provide an early warning system if irregularities start to appear. With privacy legislation the way it is these days, organise for you to have authorisation across all their finances, from credit cards and health insurance to club memberships. Some parents may be reluctant to share financial information with grown children because they are scared of giving up their independence. But once parents have suffered a stroke or moved into the advanced stages of dementia, they may not be able to give you authority to act on their behalf. While you're looking into your parents' finances, check they're receiving the maximum government benefits they qualify for. Are they getting the age or veterans pension? Are they eligible for benefits such as rent assistance and allowances for things like pharmaceuticals, utilities and phone bills? Find out if your parents have done a will and where it is located. Explain to them you don't want to know what's in it, you just want to check that they've done one. Technology has also come to the rescue. Get your parents to use "What if … workbook" (print out an ebook from ) or use one of the international websites on offer such as organizemyaffairs. com and other similar sites. STEP 3: APPOINT A POWER OF ATTORNEY It's a good idea to appoint a power of attorney once you hit retirement age. A power of attorney can be limited to a designated piece of real estate or it can cover all financial transactions.  (Aug 6, 2013 | post #1)