September 2022


Calculating your retirement wealth gap?

While everyone in the job market aims for the same, i.e., acquiring wealth in the future, not all of them know how to achieve the said goal. One of the ways it is possible to do so is through financial planning. Financial planning can be defined as a procedure in which you plan out your future expenses. By sticking to the plan, you might end up achieving your financial goals. One of the reasons it is imperative for you to stick to the plan is to accumulate long-term wealth, that could help you with taking care of your day-to-day expenses.

Planning for retirement is something that you need to start planning as early as possible. Some of the common mistakes that people commit are not having a financial plan in place and not investing in an investment scheme. As soon as they realise it, people panic and start investing blindly. Ideally, it is important for an investor to start investing early on. Also, carry out a gap analysis at every juncture. In the earlier years, you can analyse the wealth gap every 5-8 years. However, when you approach retirement, it is imperative for you to do it more frequently, say, 2 to 4 years. When you are just a few years away from retirement, you need to remember to monitor your savings and wealth gap more closely. In case you don’t know how to calculate your retirement wealth gap, here is a guide on how to assess it:

  • Evaluate your current financial situation:

The first step in assessing your retirement wealth gap is this. It is important for you to understand where you stand financially. It means that you will need to take a look at all your investments and determine the ones that can be aligned with your retirement goal. Sometimes, you may have made some investments either mandated or unknowingly that may perfectly align with your retirement goal. For example, the provident fund schemes that are a mandatory requirement, are known for being one of the avenues which can be aligned to suit your retirement goal. You could stop fund allocation to any other long-term investment scheme that does not align with any financial goal of yours.

  • Determine a realistic monthly required investment so that you could sustain a comfortable retirement:

After ascertaining your financial situation, it is imperative for you to determine a realistic monthly investment amount. Investing the said sum with the help of a systematic investment plan will help you sustain a reasonably comfortable lifestyle after retirement. However, it is also important to make sure that the amount doesn’t remain the same. Make sure to change them depending on the financial situation.

  • Determine the corpus requirement after taking inflation into account:

This is different from having an ultimate financial goal. In this step, after determining the required investment amount, you need to project the corpus required that could also stand up to the rate of inflation at the time of retirement. Also, it is important to plan for the scenario where your loved one may continue to live long after you. Therefore, it is wiser to create a corpus that can help you sustain your post-retirement life merely based on its post-tax returns. Such a corpus might continue to serve your spouse after you.

Once you have calculated the wealth gap for your retirement goal, it will be important for you to ascertain the amount of investment that’s required for you to effortlessly bridge the gap. After that, you need to sign up for an investment plan that can effectively build the required corpus. It is also possible for you to use the retirement planning calculator on your own to determine the retirement wealth gap.

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Slick Cash Loan: Benefits Of Instant Cash Advance

imes come in an individual’s life when we face unexpected personal expenses for which we need some quick cash. An instant cash loan could be an ideal option in such cases. Instant cash advance from Slick cash loan has introduced fast approval loan to solve this problem. It is the most trustworthy and easy process financial platform in the US.

Additionally, Slick cash loans require minimum documentation and quick disbursement of the loan amount. Let’s learn more about the advantages and features of instant cash advances.

Benefits Of Instant Cash Advances

·        Time-Saving Process

Because it is an online process, the applicant can fill up the application form anywhere in the world. The whole process takes minimal time to get approved. You can get your waited amount within two days in your bank account.

·        Paperless Approval

While applying for an instant cash advance, the client needs to provide some basic information in the application form. The lenders review all the information to approve your loan amount. Once every detail is checked and matched with the eligibility criteria, your amount will be credited to your bank account. All the documents, such as income proof, current bank statement, proof of US citizenship, etc., must be uploaded online. Therefore it makes the entire process paperless.

·        No Collateral

An instant cash advance loan is unsecured, so the customer doesn’t have to submit any security or collateral against the loan amount. If you repay your loan on time, you are eligible for other loans in the future.

·        Instant Disbursal

If you urgently need quick cash, a slick cash loan is a suitable option. The loan application process is the fastest among all other financial companies. Within 24 hours of loan approval, your amount will be disbursed to your bank account.

·        Competitive Interest Rate

If you have good loan repayment history, you will likely get a loan at a nominal rate. Besides, you will offer EMI options to repay your amount and track your payments from the website.

·        Secured And Transparent Process

If you are considering the security of your data, a Slick cash loan is the most reliable finance company. They use a high-security verification process to protect your personal information from cyber-attacks.

Points To Consider When Comparing Instant Cash Advance

  • Process Fee: The processing fee should be low so that you don’t have to pay much for the loan.

  • Interest Rate: The lender should charge less, and there should not be any hidden coast.

  • Flexible Repayment Options: The finance organization should offer repayment options to make your payment easy. Some options like pre-payment or part payment on the loan amounts can reduce the interest rate.

Why Should You Consider Slick Cash For Instant Cash Advance?

Slick cash understands the need for urgent cash. The whole process of applying quick cash is straightforward, more accessible, and flexible. Moreover, the application is driven by highly advanced software to assess the credibility of the applicants. So the security of the transactions is guaranteed and authentic.

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Instant Online Payday Loans Approval- Slick Cash Loan

When financial challenges knock at the door, most people become desperate to hunt for quick loans online. But the sad reality is trustworthy and fast loans are tough to find. Thanks to a USA financial platform offers payday loans online no credit check instant approval from Slick cash loan. If you require cash and have a poor credit score, you still have the option of no credit check loans. They aim to provide satisfaction for the customer. So without checking the client’s credit history, they offer payday loans. Here are the details of the payday loans from slick cash loans.

How Do Online Payday Loans Works?

An online payday loan is a short-term loan to support you in filling the immediate cash requirements. The application process is simple and fast; customers can apply online worldwide. Burrowers must provide accurate information like name, date of birth, permanent address, source of income, and bank details.

They have tie-ups with different lenders across the USA. The lenders verify the applicants’ details and also review the repayment history and current loans. Once the process is complete, the burrowers will instantly get their money in the account. Slick cash loan offers up to $5000 to any individual.

Requirements For Payday Loans With No Credit Check

An Individual Needs To Satisfy These Simple Criteria To Get Payday Loans:

  • The applicant must be 18 years or above in age
  • Must have a genuine contact number
  • The customer must be a US resident and have a permanent US address
  • The person must be employed and have a steady income
  • A bank account for the loan deposit

Advantage Of Payday Loans Online No Credit Check

  • It is the most popular option if you search for quick and hassle-free cash. The application process is user-friendly and straightforward. Moreover, get your required funds within 24 hours of signing the application form.
  • The best part is that borrowers can select the repayment option. The loan applicant can choose an installment scheme over several months or a lump sum according to the budget.
  • The interest rate is very minimal and has no hidden cost. The rate can vary based on the applicant’s credit history. For example, suppose the client has a bad credit history, so the lender can charge a high amount as there is a risk.
  • You can apply for any loan, from $5 to $5000. Know your amount and pay as per your convenience. Besides, you can use the amount for any purpose without showing any proof.
  • In a payday loan, the process is online, and documents are not assessed rather than the eligibility criteria. So there is no need to submit documents or fill out any long form to apply for loans.

Key Takeaway

Slick’s payday loans with no credit check are handy options in the financial crisis. The online application process is simple and fast. Most importantly, the financial company is reliable and secure. Slick cash loan offers 100 percent guaranteed instant loans to the customer.

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Many Home Insurance Premiums Are Rising Faster Than Inflation. Here’s Why?

You may have noticed lately that home insurance premiums are rising faster than inflation. It is not something you would have ever expected, and definitely not something you wanted to see. But costs increase, regardless of what you think should be happening. The question comes up: why is it growing so much more compared to the cost increases of the country’s inflation rates?

It boils down to three different things, which will be covered shortly. First, you must understand that not all costs are judged by current inflation rates. Some things, like home insurance, fluctuate according to your house’s market value and how much the cost of repairs would be for that house.

You know that the cost of living has been on the rise. You also understand that the cost of housing has gone through the roof. Inflation, though, continues to rise at a steady rate, but not as fast as the prices of home insurance. Here’s why!

Climate Change

The climate throughout the world has been changing as the years roll by. It may be due to the Earth’s age, it may be because of global warming, or it could just be because things change. Whatever the reason, it is happening, affecting homes and the insurance policies designed to cover them.

The weather is not something that any of us can control. Even though you often have advance notice of any major weather fronts moving in, there is only so much you can do to protect your home and all of its belongings. One big example is the significant areas of flooding that have happened throughout the last couple of years. Water damage can be extensive and cost a substantial amount of money.

The reason that this is causing an increase in home insurance is simple. The weather has caused more people to file claims. And on average, those claims cost more than any basic claims would typically be, even with the cheapest home and contents policy. Insurance companies are finding that the amount they have to pay out is more than what they are bringing in for premium costs. The only way to offset this is to raise the price of premiums for all of their consumers.

This is what insurance companies are designed to do. They take the amount paid out to claims and spread the cost to everyone needing coverage.

Rising Cost Of Materials

The cost of materials has been rising because of the one major factor in any business that sells products to consumers. That is supply and demand. The demand for materials has been growing because all the countries struggle to supply affordable housing for low and middle-income families. The supply is not there to support the increase in demand, which increases prices for those that can obtain the items needed for their home projects.

As costs shoot through the roof, insurance companies are finding that claims are costing more than ever because the materials are so expensive. The more damage listed on the claim, the higher the cost will be to the insurance company. This price increase will always be handed down to you, the consumer that needs home insurance.

Supply Chain Issues

To top it all off, supply chain issues have made it hard for some contractors and homeowners to get their hands on the needed materials. Projects that should have taken a couple of weeks now take a couple of months or more. Simply because they cannot get all the materials they need when they need them.

You may not understand how this could cause an increase in your home insurance premiums, but it is there nonetheless. The reasoning is actually very simple. The lack of available supplies causes an increase in price for contractors. Since the jobs take longer than they should, the builders’ profits are down. Contractors are in the business to make money, just like insurance companies, which means their prices go up to compensate for the loss of profits.

Final Thoughts

As you can see, everything revolves around in one large circle of supply and demand, with climate changes and natural events thrown into the mix. Even though inflation has little influence on the insurance market, it is not the main deciding factor.

Insurance companies need to be able to at least break even. When the claims cost more than what the premiums cover, you can expect your premiums to go up. As can the million other people who also have the same home insurance type.

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What Are The Benefits Of Having A Slick Cash Loan?  

A quick cash loan refers to instant cash or personal loan taken for a short tenure. The benefits of applying for the simple fast loans are it is approved and expands within 24 hours after completion of verification of submitted documents. A slick cash loan is an online service providing instant loan facilities to professionals and other common people. It gives a loan facility of up to $3000 through an easy application. After successfully applying, the user will get immediate approvals and cash within 24 hours.

Process Of Simple And Fast Loans

Sometimes people don’t have sufficient time to get money through a lengthy process. Then they can use a quick loans service to get instant cash within 24 hours. It will save cost, time, and effort. It will help users to meet their sudden and immediate requirements. To enjoy the loan service, people must sign in with a simple online application. After submission of the form, people can get an instant response and money transformation within 24 others. It will provide hassle-free, simple service to people to solve their urgent needs and requirements.

There are several benefits to using the site that can impact people’s lives. The most significant impact of quick cash loans is their online convenience. People get addicted to the site of Slick Cash Loan as it requires just one step to complete an application from anywhere, at any time, using a computer. Quick loans provide exclusive online services for which people don’t have to take leave from work for personal financial activities or consult with bankers.

Another advantage of quick cash loans is instant approval which applicants much appreciate. The only requirement is proof of income and a viable checking account to get the approval of a quick cash loan; the applicant will receive his money within 24 hours from the time of approval. Quick cash loans have no rules or restrictions to follow, making the process easier.

Difference Between Traditional Bank Lenders And Fast Loan Lenders

Traditional bankers generally don’t provide loans to people with bad credit that quick loans do a few times. For getting a traditional loan, people have to pay high-interest charges and have to follow several terms and conditions that are difficult to follow. On the other hand, quick cash includes flexible terms that are easy to follow without complexity.

The quick loan provides shifting and hassle-free loans to people, which makes it the simplest lending service within the industry where it operates. It offers guaranteed short-term money solutions to people all over the world.

Borrowers of quick cash loans gain an average income of thirty-seven thousand dollars annually. Most of the borrowers of quick cash loans are from professional groups or middle-aged people who do not have proper time for long times of transactions. More than half of overall borrowers carry a low credit score, but it does not matter how much investment they have. People suffering from financial difficulties can apply for a quick cash loan to solve their difficulties as soon as possible with less return.

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