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<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>MoneyVanguard</title> <atom:link href="https://www.moneyvanguard.com/feed/" rel="self" type="application/rss+xml" /> <link>https://www.moneyvanguard.com/</link> <description>Personal Finance Blog</description> <lastBuildDate>Sat, 16 Dec 2023 22:43:02 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <item> <title>Effective Strategies for Debt Consolidation with a Poor Credit Score</title> <link>https://www.moneyvanguard.com/debt-consolidation-poor-credit-strategies/</link> <dc:creator><![CDATA[Lyle Solomon]]></dc:creator> <pubDate>Sat, 16 Dec 2023 22:29:43 +0000</pubDate> <category><![CDATA[Debt]]></category> <guid isPermaLink="false">https://www.moneyvanguard.com/?p=3233</guid> <description><![CDATA[<p>For the majority of people who are struggling with multiple debts, consolidation emerges as a…</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/debt-consolidation-poor-credit-strategies/">Effective Strategies for Debt Consolidation with a Poor Credit Score</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></description> <content:encoded><![CDATA[<p>For the majority of people who are struggling with multiple debts, consolidation emerges as a practical solution to simplify their financial obligations. This strategy can potentially lower the total interest paid, reduce the cumulative debt load, and pave the way to <a href="http://moneyvanguard.com/">financial freedom</a>. </p> <p>By consolidating your debts, you not only streamline your debt management but can also set the stage for improving your credit score over time.</p> <p>However, if you’ve missed several payments and these lapses have been reported to credit bureaus, you may have a damaged credit score. </p> <p>Under such circumstances, debt consolidation still remains a viable option, although securing a consolidation loan with a favorable interest rate becomes significantly more challenging when your credit is poor.</p> <h2 class="wp-block-heading" id="h-what-if-you-need-a-consolidation-loan-but-have-a-low-credit-score"><strong>What if you need a consolidation loan but have a low credit score?</strong></h2> <p>Securing a loan with a poor credit history can be a daunting task, particularly when it comes to unsecured loans, which don’t require collateral. A low credit score often limits your borrowing options, as lenders view a poor credit rating as a riskier proposition. </p> <p>This doesn’t mean all doors are closed; there are still avenues to explore for obtaining a debt consolidation loan, even with a less-than-ideal credit score.</p> <p>It’s advisable to improve your credit score before applying for a loan. This proactive approach can potentially widen your options and lead to more favorable loan terms. Better credit may not only increase the likelihood of approval but can also help in securing a lower interest rate.</p> <p>When you do apply for a loan with poor credit, be prepared for the possibility of being offered a high interest rate. Lenders compensate for the increased risk of lending to someone with a history of missed payments by charging higher rates. This protects them against the potential of loan default.</p> <h2 class="wp-block-heading" id="h-improving-your-credit-score-a-pre-consolidation-loan-strategy"><strong>Improving Your Credit Score: A Pre-Consolidation Loan Strategy</strong></h2> <h3 class="wp-block-heading" id="h-prioritizing-credit-improvement"><strong>Prioritizing Credit Improvement:</strong></h3> <p>It’s essential to improve your credit score before seeking a debt consolidation loan. High interest rates are synonymous with loans designed for those with poor credit, which might stretch your financial capability thin and potentially exacerbate your debt situation. </p> <p>Therefore, fortifying your credit history is a crucial step to take before applying for any loan, particularly debt consolidation loans tailored for bad credit profiles.</p> <p><strong>Assessing Financial Situations:</strong></p> <p>Conversely, if you’re confident that your current financial strain is temporary, obtaining a loan for individuals with poor credit could be a strategic move. </p> <p>This approach is viable if you anticipate an improvement in your financial situation in the near future, ensuring that you can manage both the loan repayments and your existing debts comfortably.</p> <h2 class="wp-block-heading" id="h-options-for-debt-consolidation-with-poor-credit"><strong>Options for Debt Consolidation with Poor Credit</strong></h2> <h3 class="wp-block-heading" id="h-opting-for-a-balance-transfer"><strong>Opting for a Balance Transfer:</strong></h3> <p>A balance transfer can be a strategic option for those with a less-than-stellar credit score. It involves transferring high-interest credit card debt to another card with a lower interest rate. This move can reduce the amount of interest you pay and <a href="https://www.ovlg.com/debt-consolidation/">consolidate multiple debts into one</a>. </p> <p>However, it’s important to note that obtaining a new credit card with a low-interest rate may be challenging with poor credit, and balance transfer cards typically require a fee for the transfer. Despite these challenges, for those who qualify, a balance transfer can be a cost-effective way to manage debt.</p> <h3 class="wp-block-heading" id="h-consider-a-debt-consolidation-program"><strong>Consider a Debt Consolidation Program:</strong></h3> <p>Debt consolidation programs offer guided assistance for those overwhelmed by multiple debts. These programs are accessible regardless of your credit score and can benefit individuals seeking professional support. </p> <p>A debt counselor or negotiator from the consolidation company will evaluate your financial situation and negotiate with creditors on your behalf to potentially reduce the interest rates on your debts.</p> <h3 class="wp-block-heading" id="h-benefits-of-working-with-a-debt-negotiator"><strong>Benefits of Working with a Debt Negotiator:</strong></h3> <p>With a professional negotiator, you could secure lower interest rates, resulting in more manageable minimum payments and long-term cost savings. The negotiator also takes responsibility for disbursing your monthly payments to creditors, simplifying the repayment process. </p> <p>By participating in a debt consolidation program, you can streamline your path to becoming debt-free, even with a poor credit history.</p> <h2 class="wp-block-heading" id="h-leverage-home-equity-for-debt-consolidation"><strong>Leverage Home Equity for Debt Consolidation</strong></h2> <p>For homeowners with equity in their property, a home equity loan or line of credit (HELOC) can provide a consolidation solution even with a low credit score. These loans typically offer more attractive interest rates and the possibility of extended repayment terms. </p> <p>Additionally, consolidating debt using home equity may afford certain tax deductions, although it’s essential to consult with a tax advisor regarding your specific situation.</p> <h3 class="wp-block-heading" id="h-understanding-the-risks"><strong>Understanding the Risks:</strong></h3> <p>While a home equity loan can ease the repayment process by offering a lump sum or a revolving line of credit, it’s critical to understand the risks involved. </p> <p>By using your home as collateral, you are essentially converting unsecured debt into secured debt. This means that failure to make payments could result in foreclosure and the loss of your home.</p> <h2 class="wp-block-heading" id="h-explore-peer-to-peer-lending-options"><strong>Explore Peer-to-Peer Lending Options</strong></h2> <p>Peer-to-peer (P2P) lending bypasses traditional financial institutions, connecting borrowers directly with private investors. This modern form of lending can be a viable option for debt consolidation, even for those with lower credit scores. P2P platforms often offer competitive rates and quick access to funds, which can be particularly appealing for consolidating credit card debts.</p> <h3 class="wp-block-heading" id="h-advantages-of-p2p-loans"><strong>Advantages of P2P Loans:</strong></h3> <p>With peer-to-peer lending, borrowers may find more flexible terms and potentially lower costs than conventional loans. The process is typically streamlined, making it a user-friendly option for many.</p> <h2 class="wp-block-heading" id="h-bottom-line"><strong>Bottom Line</strong></h2> <p>In conclusion, applying for a personal loan remains a viable option for debt consolidation, accessible through various financial institutions. However, the decision to consolidate should be made carefully considering your repayment capacity. Those with poor credit scores may face challenges in obtaining approval for such loans, as lenders often require additional assurances due to the perceived risk. </p> <p>Despite these hurdles, it’s essential to evaluate all available methods and choose a consolidation strategy that aligns with your financial situation. With diligence and the right approach, it is possible to navigate the complexities of debt consolidation and move toward financial stability.</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/debt-consolidation-poor-credit-strategies/">Effective Strategies for Debt Consolidation with a Poor Credit Score</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></content:encoded> </item> <item> <title>3 Best Ways to Consolidate Debt: Which One is Right For You?</title> <link>https://www.moneyvanguard.com/ways-to-consolidate-debt/</link> <dc:creator><![CDATA[Lyle Solomon]]></dc:creator> <pubDate>Mon, 02 Jan 2023 19:21:18 +0000</pubDate> <category><![CDATA[Debt]]></category> <guid isPermaLink="false">https://www.moneyvanguard.com/?p=3138</guid> <description><![CDATA[<p>Is your debt getting too much to manage and the interest rate too much to…</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/ways-to-consolidate-debt/">3 Best Ways to Consolidate Debt: Which One is Right For You?</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></description> <content:encoded><![CDATA[<p>Is your debt getting too much to manage and the interest rate too much to bear? Try debt consolidation!</p> <p>It’s the process of combining multiple debt obligations into a new loan with favorable terms and conditions, like a lower interest rate. The goal is to use the amount received from the new loan to pay off other debts.</p> <p>Sounds easy? Because it is.</p> <p>Debt consolidation makes sense when compiling debts gives you a lower interest rate. A lower interest rate means smaller payments; thus, extra money for you to either use to make bigger payments and pay down your debt faster or save or invest.</p> <p>However, the strategy only works for some kinds of debt, like loans that aren’t tied to assets – credit card debt, student loans, and high-interest personal loans. </p> <p><em>If you’re struggling with secured debts, there are other debt-relief options like refinancing, loan term modification, and bankruptcy.</em></p> <p>This strategy is also not right for all debt situations. For instance, if you have too much debt and can’t pay it off even with lower payments, you should look for other debt-relief options like debt settlement.</p> <p>Now that you understand the basic concept of consolidation, let’s see the three best ways you can implement the strategy and which will suit you best.</p> <h2 class="wp-block-heading" id="h-balance-transfer"><strong>Balance Transfer</strong></h2> <p>Balance transfer means transferring the unpaid high-interest credit card balance, student<a href="https://www.moneyvanguard.com/pay-student-loans-credit-card/"> loan</a>, or personal loan to a new card offering a 0% interest period on balance transfer.</p> <p>Upon the transfer, you’ll be able to save a significant amount on interest, however, given you take your repayments seriously.</p> <p>Also, you must pay off your transferred balance before the 0% period ends, or the card will subject you to the customary high-interest rates for the rest of the payments.</p> <h3 class="wp-block-heading" id="h-balance-transfer-eligibility"><strong>Balance Transfer Eligibility</strong></h3> <ul><li>680 or higher credit score.</li><li> A history of on-time payments.</li><li>The overall debt-to-income ratio should be at or below 43%.</li></ul> <h3 class="wp-block-heading" id="h-balance-transfer-pros-cons"><strong>Balance Transfer Pros & Cons</strong></h3> <p><strong>Pros</strong></p> <ul><li>You can save money on interest.</li><li>You may get new rewards and perks.</li><li>No risk of losing assets.</li></ul> <p><strong>Cons</strong></p> <ul><li>3% to 5% balance transfer fee.</li><li>The APR will rise to a high percentage if you fail to pay off your new credit card debt during the promotional period.</li><li>Your credit score will take a hit as the creditor will make a hard pull on your credit report.</li></ul> <h3 class="wp-block-heading" id="h-is-balance-transfer-right-for-you"><strong>Is Balance Transfer Right for You?</strong></h3> <p>If you need months to pay off high-interest debt and your credit is good enough to get a card with a 0% introductory APR on balance transfers, go for it.</p> <p>However, if you have a high amount of debt, say $7000 or more, you likely won’t be able to transfer the debt to a balance transfer card as the amount may be more than the credit limit.</p> <p>In that case, it’s best to take a debt consolidation loan or personal loan, as it comes with higher loan limits.</p> <p>A balance transfer isn’t necessary if your debt is low and you can pay off the amount in three months or sooner.</p> <h3 class="wp-block-heading" id="h-best-balance-transfer-credit-cards"><strong>Best Balance Transfer Credit Cards</strong></h3> <ol><li><strong>Wells Fargo Reflect Card –</strong> Provides the longest 0% period for transfers and purchases.</li><li><strong>Discover it Balance Transfer –</strong> Provides a long 0% transfer period plus bonus cashback.</li><li><strong>Citi Simplicity Card –</strong> Best for a long 0% period on transfers plus no late fees.</li><li><strong>Citi Double Cash Card –</strong> Best for a long 0% transfer period plus flat-rate cashback.</li><li><strong>U.S. Bank Visa Platinum Card –</strong> Best for Long 0% period for transfers and purchases.</li></ol> <h2 class="wp-block-heading" id="h-debt-consolidation-loan"><strong>Debt Consolidation Loan</strong></h2> <p>Debt consolidation loans are fixed-rate installment loans, meaning the interest rate never changes, and you can make one predictable monthly payment.</p> <p>Hence, if you take out this loan to<a href="https://www.ovlg.com/debt-consolidation/"> consolidate your multiple debts</a>, you’ll be able to manage your obligation easily.</p> <h3 class="wp-block-heading" id="h-debt-consolidation-loan-eligibility"><strong>Debt Consolidation Loan Eligibility</strong></h3> <ul><li> Shouldn’t be involved in foreclosure or bankruptcy proceedings.</li><li>650 or above credit score.</li><li>The debt-to-income ratio should be at or below 45 percent.</li></ul> <h3 class="wp-block-heading" id="h-debt-consolidation-loan-pros-cons"><strong>Debt Consolidation Loan Pros & Cons</strong></h3> <p><strong>Pros</strong></p> <ul><li>It has a fixed interest rate.</li><li>It is not secured, so a creditor can’t take anything from you if you don’t pay on time.</li></ul> <p><strong>Cons</strong></p> <ul><li>Only people with good credit can get the most out of this option.</li><li>If your credit score is fair to bad, you might not be able to qualify or may qualify with a high-interest rate.</li><li>You’ll need to pay 1% to 5% origination fees; sometimes, it can be as much as 10%.</li></ul> <h3 class="wp-block-heading" id="h-is-debt-consolidation-loan-right-for-you"><strong>Is Debt Consolidation Loan Right for You?</strong></h3> <p>You can use a debt consolidation loan if you have a large debt involving credit cards, other personal loans, or medical debt and a good to excellent credit score.</p> <p>However, suppose you have a fair or bad credit score. In that case, a debt consolidation loan won’t do you much favor (unless you want to<a href="https://www.moneyvanguard.com/payday-loan-debt/"> pay off existing payday loans</a>) as you likely won’t qualify for a favorable interest rate.</p> <p>In that case, your next option will be HELOC or a home equity loan.</p> <h3 class="wp-block-heading" id="h-best-debt-consolidation-loan-providers"><strong>Best Debt Consolidation Loan Providers</strong></h3> <ol><li><strong>SoFi –</strong> No fees.</li><li><strong>Upstart –</strong> Best for fair/average credit.</li><li><strong>Prosper –</strong> Good for joint applicants.</li><li><strong>LightStream –</strong> Best option for good to excellent credit.</li></ol> <h2 class="wp-block-heading" id="h-home-equity-loan-or-heloc"><strong>Home Equity Loan or HELOC</strong></h2> <p>You can use this debt consolidation option if you have enough equity and a good credit history.</p> <p>This type of loan is backed by your home equity, which is the difference between the market value of your house and how much you still owe on your mortgage.</p> <p>As this is a secured loan, it generally offers lower interest rates than unsecured loans, which can help you save more on interest charges.</p> <p>There are two ways you can borrow the money – home equity loans, which give you a lump sum of money at a fixed rate, and HELOCs, which give you a credit line to draw from at a variable rate.</p> <p>Both act as second mortgages, which means you’ll add an additional monthly payment to your plate.</p> <h3 class="wp-block-heading" id="h-home-equity-loan-or-heloc-eligibility"><strong>Home Equity Loan or HELOC Eligibility</strong></h3> <ul><li>Must have 15 percent to 20 percent equity in your home.</li><li>Credit score should be in the mid-600s (although some creditors accept credit scores of 620 or less)</li><li>The DTI should be 43% or lower.</li><li>Must have sufficient income to repay the loan.</li><li>Must have a reliable loan repayment history.</li></ul> <h3 class="wp-block-heading" id="h-home-equity-loan-or-heloc-pros-cons"><strong>Home Equity Loan or HELOC Pros & Cons</strong></h3> <p><strong>Pros</strong></p> <ul><li>You’ll get a significantly lower monthly interest rate than a debt consolidation loan.</li><li>Your monthly payments will be fixed.</li><li>You won’t need a high credit score to get a low-interest-rate loan.</li></ul> <p><strong>Cons</strong></p> <ul><li>You may lose your home if you fail to make payments.</li><li>To qualify, you must prove you have enough income to repay your borrowed money.</li><li>Equity loans and HELOCs require additional fees and costs. Occasionally lenders may waive these fees.</li></ul> <h3 class="wp-block-heading" id="h-is-home-equity-loan-or-heloc-right-for-you"><strong>Is Home Equity Loan or HELOC Right for You?</strong></h3> <p>A home equity loan or HELOC is a good option if your financial situation doesn’t suit the other two ways.</p> <p>But remember, for this secured loan, you’ll need a significant amount of equity in your home and should be confident that you will be able to make the monthly payments.</p> <p>If you aren’t confident about your finances, avoiding this option is best, as you could lose your home to foreclosure.</p> <p>Additionally, if you already have a high level of debt, taking on a home equity loan could increase your overall debt burden and make it more challenging to pay off your debts in the future.</p> <p>So before deciding, carefully review your financial situation and consider all of your options.</p> <h3 class="wp-block-heading" id="h-best-home-equity-loans-or-helocs-for-consolidation"><strong>Best Home Equity Loans or HELOCs for Consolidation</strong></h3> <ol><li><strong>Discover –</strong> Good for low fees.</li><li><strong>Flagstar –</strong> Good for large HELOCs.</li><li><strong>Truist –</strong> Best for fixed-rate HELOC.</li><li><strong>U.S. Bank –</strong> Good for borrowers with good credit.</li><li><strong>Connexus Credit Union –</strong> Best introductory rates.</li></ol> <h2 class="wp-block-heading" id="h-bottom-line"><strong>Bottom Line</strong></h2> <p>Other than the above three options, there are more ways to consolidate your debt, like a peer-to-peer online loan, retirement account loan, borrowing from friends and family, and cash-out auto refinance. However, these options aren’t as popular.</p> <p>There’s also another option – a debt management plan. If you don’t want to take another loan, you can go this way and work with a debt relief agency to lower the interest rate on credit card debt and develop an affordable single monthly payment plan.</p> <p>All debt consolidation options have advantages and disadvantages; the right choice will depend on your specific financial situation and goals.</p> <p>So, consider your current debts, the amount needed to pay them off, your ability to repay them, your credit score, and your overall financial situation.</p> <p>Choose the option that provides peace of mind and leaves you feeling comfortable that you can afford the payments.</p> <p>It may be helpful to consult a financial advisor or a credit counselor to get personalized advice on the best option for your needs.</p> <p>You can also work with a debt consolidation company to make the process easier if the amounts are big enough to make their fee worth it. If you have small debt, you might be better off consolidating it on your own.</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/ways-to-consolidate-debt/">3 Best Ways to Consolidate Debt: Which One is Right For You?</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></content:encoded> </item> <item> <title>How To Become a Real Estate Developer With No Money</title> <link>https://www.moneyvanguard.com/how-to-become-a-real-estate-developer-with-no-money/</link> <dc:creator><![CDATA[Carter Taylor]]></dc:creator> <pubDate>Sun, 24 Jul 2022 21:42:07 +0000</pubDate> <category><![CDATA[Real Estate]]></category> <guid isPermaLink="false">https://www.moneyvanguard.com/?p=3119</guid> <description><![CDATA[<p>Becoming a real estate developer can seem like an impossible feat if you don’t have…</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/how-to-become-a-real-estate-developer-with-no-money/">How To Become a Real Estate Developer With No Money</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></description> <content:encoded><![CDATA[<p>Becoming a real estate developer can seem like an impossible feat if you don’t have access to large amounts of capital. However, with the right knowledge, skills, and connections, it is possible to get started in real estate development without using your own money.</p> <p>This comprehensive guide will provide an in-depth look at how to become a real estate developer with no money. We will cover the real estate development process, financing options, essential skills, creating a business plan, and building your network.</p> <p>Follow along to learn the ins and outs of launching a real estate development career on a budget.</p> <h2 class="wp-block-heading" id="h-what-does-a-real-estate-developer-do">What Does a Real Estate Developer Do?</h2> <p>Before we dive into how to become a developer, let’s look at what real estate developers actually do on a day-to-day basis.</p> <p>A real estate developer is an entrepreneur who oversees all aspects of a real estate development project, from conception to completion. The primary responsibilities of a developer include:</p> <ul><li>Identifying and evaluating potential development opportunities</li> <li>Conducting feasibility studies to determine project viability</li> <li>Securing financing for the project</li> <li>Overseeing design and obtaining necessary approvals/permits</li> <li>Managing construction of the project</li> <li>Leasing, selling or managing the property after completion</li></ul> <p>Developers can work on projects across all asset classes including residential, commercial, industrial, retail, hospitality and mixed-use developments. They may develop vacant land or redevelop existing properties.</p> <p>The exact day-to-day activities can vary greatly depending on the stage of a project, but developers are constantly evaluating deals, managing teams, overseeing construction, and finding solutions to challenges that arise.</p> <p>It is a complex and demanding job, but successful real estate development can be extremely lucrative. Developers earn money by selling or leasing the assets they create. Their profit comes from the difference between the total development cost and the value they create.</p> <h2 class="wp-block-heading" id="h-real-estate-development-process-overview">Real Estate Development Process Overview</h2> <p>Before you can become a developer, it’s important to understand the typical development process from start to finish. Here is an overview of the key stages:</p> <h3 class="wp-block-heading" id="h-1-identify-and-evaluate-opportunities">1. Identify and Evaluate Opportunities</h3> <p>The first step is finding potential development opportunities and evaluating their feasibility. Developers source deals through brokers, auctions, public notices, networking, and more. They analyze factors like zoning, demographics, access, and market demand.</p> <h3 class="wp-block-heading" id="h-2-conduct-due-diligence">2. Conduct Due Diligence</h3> <p>Once a site is identified, more in-depth due diligence is conducted. This includes environmental assessments, land surveys, title reviews, traffic studies, utility reviews, engineering inspections, market studies, and financial analysis.</p> <h3 class="wp-block-heading" id="h-3-secure-financing">3. Secure Financing</h3> <p>Paying for land acquisition, design, and construction costs requires significant capital. Developers secure financing from banks, private lenders, equity partners, or other sources. More complex deals may involve multiple types of loans.</p> <h3 class="wp-block-heading" id="h-4-negotiate-contracts-and-close">4. Negotiate Contracts and Close</h3> <p>With financing lined up, the developer negotiates purchase contracts and closes on the land or property acquisition. More approvals may be needed at this point as well.</p> <h3 class="wp-block-heading" id="h-5-obtain-approvals-and-permits">5. Obtain Approvals and Permits</h3> <p>Developers work with municipal planning departments to get projects approved and permitted. This may require zoning changes, traffic studies, environmental impact reports, public hearings, and more.</p> <h3 class="wp-block-heading" id="h-6-create-design-and-engineering-plans">6. Create Design and Engineering Plans</h3> <p>Architects and engineers create detailed plans that meet all requirements set by the approvals process. Multiple revisions are common to refine the design.</p> <h3 class="wp-block-heading" id="h-7-hire-contractor-and-build">7. Hire Contractor and Build</h3> <p>With approvals and polished plans in place, the developer hires a general contractor to oversee construction. The project is built according to plan specs and on budget.</p> <h3 class="wp-block-heading" id="h-8-lease-or-sell-assets">8. Lease or Sell Assets</h3> <p>Once the project is complete, the developer looks to profit by leasing or selling the finished assets. Multi-family and commercial assets may be held long-term.</p> <p>As you can see, real estate development involves multi-year projects with lots of moving parts. Let’s look at how you can get started without using your own capital.</p> <h2 class="wp-block-heading" id="h-real-estate-development-financing-options">Real Estate Development Financing Options</h2> <p>Real estate development is extremely capital intensive. Land, labor, materials, and soft costs can easily add up to millions of dollars. For those starting out with limited funds, here are some financing options to consider:</p> <h3 class="wp-block-heading" id="h-hard-money-loans">Hard Money Loans</h3> <p>Also known as bridge loans, hard money loans are asset-based loans provided by private lenders and specialty finance companies. Hard money loans typically have higher rates and fees compared to conventional loans, but offer faster approvals and easier qualifying terms. Loan amounts are based on a percentage of the as-completed value, so they can fund 100% of construction costs. Hard money works best for rehabs and new construction up to 10 units.</p> <h3 class="wp-block-heading" id="h-crowdfunding">Crowdfunding</h3> <p>Real estate crowdfunding platforms provide an opportunity to raise funds from a pool of small investors. You present your business plan and financial projections while setting a fundraising goal. Once fully funded, you can move forward with your project. Crowdfunding offers more flexibility than hard money, but requires extensive promotion to attract investors.</p> <h3 class="wp-block-heading" id="h-private-equity-firms">Private Equity Firms</h3> <p>More established developers often partner with private equity firms. The equity partner invests capital in exchange for a portion of ownership and profits when the project is sold or leased. Having a track record of successful projects will make attracting an equity partner much easier.</p> <h3 class="wp-block-heading" id="h-small-business-loans">Small Business Loans</h3> <p>Small business loans backed by the SBA can provide favorable loan terms for real estate projects. With an SBA 7(a) or 504 loan, the SBA guarantees a portion of the loan, encouraging lenders to finance riskier projects. Loans of up to $5 million are possible.</p> <h3 class="wp-block-heading" id="h-owner-financing">Owner Financing</h3> <p>If you can find a motivated seller, owner financing can fund your acquisition costs. The seller finances a portion of the purchase price, which you repay over time. Once you complete the project, you can refinance into a conventional loan and pay off the seller financing.</p> <h3 class="wp-block-heading" id="h-partnerships-and-syndication">Partnerships and Syndication</h3> <p>Joining forces with more experienced developers by forming partnerships, LLCs, or real estate syndicates can provide access to capital. With the right connections, you may be able to exchange your skills or labor for financing.</p> <p>As you can see, where there’s a will, there’s a way when it comes to securing capital for development deals. Your financing strategy may involve multiple sources depending on the size and scope of your project.</p> <h2 class="wp-block-heading" id="h-essential-skills-for-real-estate-developers">Essential Skills for Real Estate Developers</h2> <p>Beyond just finding money, being an effective real estate developer requires a diverse mix of skills. Here are some of the most important abilities and knowledge bases needed to succeed in real estate development:</p> <h3 class="wp-block-heading" id="h-financial-and-quantitative-skills">Financial and Quantitative Skills</h3> <p>You need sharp financial skills to analyze deal viability, structure financing, manage budgets, and maximize value. Key areas include real estate valuation, cost estimation, financial modeling, accounting, finance, capital planning, risk assessment, and return projection.</p> <h3 class="wp-block-heading" id="h-legal-and-regulatory-knowledge">Legal and Regulatory Knowledge</h3> <p>Navigating the legal and regulatory requirements is crucial. You must understand zoning and land use policies, permitting processes, construction regulations, and local/state ordinances. Knowledge of real estate law and contracts is also vital.</p> <h3 class="wp-block-heading" id="h-design-and-construction-management">Design and Construction Management</h3> <p>While you don’t need to be an architect or contractor, you need to understand building forms, systems, and costs to make design decisions and oversee construction projects successfully. Knowing how to read plans and understand specifications is a must.</p> <h3 class="wp-block-heading" id="h-sales-marketing-and-leasing-abilities">Sales, Marketing, and Leasing Abilities</h3> <p>Marketing and leasing expertise helps developers achieve top rental rates and sales prices. You need to understand your target tenants/buyers and craft compelling listings and promotions to fill properties quickly.</p> <h3 class="wp-block-heading" id="h-leadership-and-team-building-skills">Leadership and Team Building Skills</h3> <p>Development involves large teams – architects, engineers, contractors, lawyers, agents, and more. Strong leadership skills are essential to coordinate these players and execute your vision. Being able to motivate teams is crucial as well.</p> <h3 class="wp-block-heading" id="h-negotiation-and-deal-making-capabilities">Negotiation and Deal-Making Capabilities</h3> <p>Top developers are masters of negotiating win-win deals. Hone your ability to structure mutually beneficial agreements with sellers, buyers, investors, contractors, and partners. Real estate is a “people business” so relationships are hugely important.</p> <h3 class="wp-block-heading" id="h-strategic-thinking-and-vision">Strategic Thinking and Vision</h3> <p>Successful developers don’t just look at the details – they focus on the big picture. You need sharp strategic thinking skills to spot potential opportunities and envision possibilities others don’t see. Thinking outside the box helps create unique projects.</p> <p>Developing this diverse range of real estate development skills takes dedication and experience. But the more abilities you cultivate, the more effective you will be.</p> <h2 class="wp-block-heading" id="h-creating-a-real-estate-development-business-plan">Creating a Real Estate Development Business Plan</h2> <p>Any potential financing partners will require a comprehensive business plan or offering prospectus to make investment decisions. Your business plan should provide a thorough overview of all aspects of your proposed development project including:</p> <h3 class="wp-block-heading" id="h-executive-summary">Executive Summary</h3> <p>Summarize your project’s concept and objectives. Include the address, proposed uses, size, estimated costs, projected returns, and team members. This is your opportunity to grab interest.</p> <h3 class="wp-block-heading" id="h-market-analysis">Market Analysis</h3> <p>Provide in-depth analysis of supply, demand, and competitive assessment data to validate the need for your project in the chosen location. Reference demographic and industry trends using statistics.</p> <h3 class="wp-block-heading" id="h-site-information">Site Information</h3> <p>Detail the site history, zoning, utilities, environmental condition, access, visibility, and any planned improvements. Include photos, maps, surveys and inspection reports in appendices.</p> <h3 class="wp-block-heading" id="h-development-description">Development Description</h3> <p>Fully describe the project scope including floor plans, unit mix, amenities, parking, landscaping, and architectural features. Outline specifications and finishes being used.</p> <h3 class="wp-block-heading" id="h-permits-and-approvals">Permits and Approvals</h3> <p>Summarize permits needed, approval processes, and any public hearings required. Provide status updates on any existing approvals.</p> <h3 class="wp-block-heading" id="h-schedule-and-budget">Schedule and Budget</h3> <p>Provide a detailed timeline for each phase along with a line-item cost breakdown of all hard and soft costs. Outline contingencies.</p> <h3 class="wp-block-heading" id="h-financing-plan">Financing Plan</h3> <p>Explain exactly how you intend to finance land purchase, construction, and other costs. Include terms, requirements, and securitization for each proposed financing source.</p> <h3 class="wp-block-heading" id="h-operations-and-exit-strategy">Operations and Exit Strategy</h3> <p>Discuss how the project will be operated after completion and how equity will be returned to partners. Include projections for revenue, expenses, occupancy, and cash flow.</p> <p>Any investor or lender will want to scrutinize these details before committing capital. Think through each section thoroughly and enlist help from real estate professionals if needed.</p> <h2 class="wp-block-heading" id="h-building-your-real-estate-development-network">Building Your Real Estate Development Network</h2> <p>One of the most crucial steps to becoming a successful real estate developer is building up your network of experienced contacts. Connecting with the right people can provide mentoring, access to deals, partnerships, financing, industry knowledge, and more.</p> <p>Here are some ways new developers can start expanding their networks:</p> <ul><li><strong>Attend industry association meetings</strong> – Organizations like the Urban Land Institute (ULI), International Council of Shopping Centers (ICSC), and National Association of Industrial and Office Properties (NAIOP) host regular networking events.</li> <li><strong>Get involved with real estate investment groups</strong> – Active real estate investing groups exist in most major cities. Find ones open to new members.</li> <li><strong>Enroll in development courses or certificate programs</strong> – Taking real estate development courses at a university or through an organization like CCIM can expand your network substantially.</li> <li><strong>Follow developers and professionals on social media</strong> – Twitter and LinkedIn provide ways to connect with experienced developers online. Share insights and add value.</li> <li><strong>Get a mentor</strong> – A mentor who is an experienced developer can provide invaluable advice and guide you around pitfalls. Offer to assist with analysis or grunt work in exchange for mentoring.</li> <li><strong>Meet local brokers</strong> – Well-connected brokers represent buyers, sellers, tenants, and landlords. They can provide insider insights on available properties and projects.</li> <li><strong>Volunteer on boards and committees</strong> – Serving on local economic development boards, zoning committees, permit review boards and the like provides visibility and connections.</li></ul> <p>By continually expanding your network, you will uncover more opportunities, build credibility, and gain the support needed to take on development projects as a new real estate developer.</p> <h2 class="wp-block-heading" id="h-overcoming-the-lack-of-track-record">Overcoming the Lack of Track Record</h2> <p>For new developers with no prior projects, finding financing and gaining credibility can certainly be challenging. Here are some strategies to help overcome the lack of track record during your first deals:</p> <ul><li>Bring on partners or co-developers who have more experience that you can learn from</li> <li>Start with smaller projects to build confidence with partners and lenders</li> <li>Seek financing from local/regional banks who value relationships more than big institutions</li> <li>Use asset collateral from personal real estate or get added as a borrower on partner assets</li> <li>Seek preliminary approvals from the city to show the viability of your proposal</li> <li>Line up pre-sales or pre-leases for a portion of the project</li> <li>Invest your own funds into the deal, even if it’s a relatively nominal amount</li> <li>Present your experience in other fields and transferrable skills</li> <li>Highlight the experience and track records of your team members</li> <li>Emphasize the profit potential versus focusing narrowly on risks</li></ul> <p>With persistence and creativity, you can get those career-launching first projects off the ground. Once you demonstrate success, gaining financing and trust from partners gets much easier.</p> <h2 class="wp-block-heading" id="h-options-for-new-real-estate-developers">Options for New Real Estate Developers</h2> <p>If becoming the lead developer on a major project from scratch sounds intimidating, no problem. There are still ways to enter the real estate development field and gain experience without using your own capital. Here are some options to consider:</p> <h3 class="wp-block-heading" id="h-become-an-analyst-for-a-development-firm">Become an Analyst for a Development Firm</h3> <p>Development analyst roles are great positions for new real estate developers to gain hands-on training. Analysts build financial models, research markets, assess site plans, compile approval submissions, and more. Talk to firms in your city to inquire about any openings.</p> <h3 class="wp-block-heading" id="h-start-or-join-a-real-estate-crowdfunding-portal">Start or Join a Real Estate Crowdfunding Portal</h3> <p>Crowdfunding platforms allow developers to raise money from pools of smaller investors. You can provide vetting and marketing services to issuers in exchange for equity in the projects. Or, you can work directly with investors as part of the investment team.</p> <h3 class="wp-block-heading" id="h-take-a-project-coordinator-position">Take a Project Coordinator Position</h3> <p>Working as an assistant project coordinator or manager for a developer gives you front row access to the day-to-day process. You can hone your organizational and problem-solving skills supporting active projects.</p> <h3 class="wp-block-heading" id="h-partner-as-a-consultant-or-service-provider">Partner as a Consultant or Service Provider</h3> <p>Offer your skills a la carte to developers to build expertise and relationships. Services like market analysis, financial modeling, design work, project management, or construction estimating are all valuable.</p> <h3 class="wp-block-heading" id="h-join-a-real-estate-investment-or-development-group">Join a Real Estate Investment or Development Group</h3> <p>Joining an angel investor or syndication group provides chances to participate in deals at a lower investment level. You gain access to projects while learning from other members.</p> <h3 class="wp-block-heading" id="h-look-for-apprenticeship-opportunities">Look for Apprenticeship Opportunities</h3> <p>Some developers may be open to taking on apprentices who exchange labor for invaluable training. Reach out to developers in your area to pitch your skills.</p> <p>With the right approach, you can get your foot in the real estate development door without taking undue financial risk. Gaining direct training and experience will pay huge dividends.</p> <h2 class="wp-block-heading" id="h-financial-tips-for-new-real-estate-developers">Financial Tips for New Real Estate Developers</h2> <p>To maximize your chances of success, developers just starting out should implement smart financial strategies and money management practices:</p> <ul><li>Save up reserve capital of at least 6-12 months living expenses before pursuing development full-time</li> <li>Use a separate business account and credit card to keep finances organized</li> <li>Stick to a detailed budget for each project and track it closely</li> <li>Plan for contingencies and cost overruns by including reserves in budgets</li> <li>Take advantage of free tools like spreadsheet templates to effectively manage analysis and proformas</li> <li>Keep personal and business finances strictly separate; don’t comingle funds</li> <li>Set aside funds for licensing, insurance, and professional services before starting</li> <li>Consider starting an LLC to separate liability from personal assets</li> <li>Learn tax strategies and benefits for real estate investors and developers</li> <li>Use a registered agent and accountant to ensure full compliance</li> <li>Automate payments of recurring expenses whenever possible</li> <li>Reinvest profits from early successes into growing your business</li></ul> <p>With good financial habits in place from the start, you will avoid many painful rookie mistakes.</p> <h2 class="wp-block-heading">Final Thoughts</h2> <p>Launching a real estate development career with no money may seem daunting at first. But with determination, hustle, and creativity, it is possible to get your first projects off the ground.</p> <p>Arm yourself with real estate development knowledge and skills. Learn the development process inside and out. Research financing options and find partners to fund deals. Build relationships with experienced developers who can mentor you. Look for roles that provide hands-on training. Create compelling proposals to attract financing.</p> <p>Start small and be selective with your initial projects. Absorb everything you can on your first deals and reinvest profits to grow your capabilities. Build a strong team and treat them well. Be ready to problem-solve daily challenges. Stay persistent through hurdles and setbacks.</p> <p>If you provide value to your partners, demonstrate competence, and generate positive results, you will gain credibility and access to bigger opportunities. Successful development breeds more success.</p> <p>While becoming an accomplished developer takes significant time and effort, the journey can be incredibly rewarding, both financially and personally. With the right mindset and strategic approach, you can embark on an exciting career developing real estate, even without your own capital to start.</p> <p>The possibilities are endless for tenacious individuals willing to learn the ropes and pay their dues. Are you up for the challenge? The world needs more passionate, ethical real estate developers. With dedication and drive, you could make your mark on the industry and your community.</p> <h2 class="wp-block-heading" id="h-frequently-asked-questions">Frequently Asked Questions</h2> <h3 class="wp-block-heading" id="h-what-education-do-you-need-to-become-a-real-estate-developer">What education do you need to become a real estate developer?</h3> <p>There are no formal educational requirements, but a bachelor’s degree in real estate, finance, business, or a related field can provide a strong base of knowledge. Many developers pursue graduate degrees in real estate development, construction management, urban planning, or an MBA as well.</p> <h3 class="wp-block-heading" id="h-do-you-need-a-license-to-become-a-real-estate-developer">Do you need a license to become a real estate developer?</h3> <p>Licensure requirements vary, but you generally do not need a real estate license to work as a developer. However, a contractor’s license is required to perform construction activities in most areas. Some states or municipalities also require registration or licensing of developers.</p> <h3 class="wp-block-heading" id="h-what-skills-make-a-good-real-estate-developer">What skills make a good real estate developer?</h3> <p>Excellent analytical, financial, negotiation, leadership, and strategic thinking skills are essential. You also need strong attention to detail, organization, persistence, creativity, and the ability to manage teams and oversee complex projects.</p> <h3 class="wp-block-heading" id="h-how-much-money-do-you-need-to-start-in-real-estate-development">How much money do you need to start in real estate development?</h3> <p>The amount of capital required depends significantly on the project. Small residential rehabs may only require $50k-$100k. Larger apartment complexes or commercial builds often start at $1 million-plus. Leveraging financing can allow you to undertake bigger projects.</p> <h3 class="wp-block-heading" id="h-what-is-the-1-tip-for-new-real-estate-developers">What is the #1 tip for new real estate developers?</h3> <p>Find an experienced mentor! Having the advice and guidance of a successful real estate developer as you start out is invaluable. Offer to provide analysis or administrative work in exchange for mentorship.</p> <h3 class="wp-block-heading" id="h-how-long-does-it-take-to-become-a-real-estate-developer">How long does it take to become a real estate developer?</h3> <p>Most estimates range from 3-5 years to gain enough experience in real estate investing and/or related fields to become an effective developer. The learning curve is steep, so be patient. Success rarely happens overnight.</p> <p><strong>What are some good first projects for new real estate developers?</strong></p> <p>Residential rehabs, small retail build-outs, multifamily renovations, and adaptive reuse conversions of small commercial buildings are good starter projects. Focus on straightforward projects with clear value-add potential.</p> <p><strong>Should new developers use their own money to fund initial projects?</strong></p> <p> Not necessarily. Consider sweat equity, funding from private lenders, crowdfunding, or partnerships instead of tapping personal assets. Retain equity if possible. Only invest personal funds cautiously once established.</p> <p><strong>How can I find a real estate development mentor?</strong></p> <p>Network consistently with experienced developers through industry associations, clubs, conferences, and events. Demonstrate authentic interest, skills, and willingness to work hard. View mentorship as a mutually beneficial long-term relationship.</p> <p><strong>What resources do you recommend for learning real estate development?</strong></p> <p>Courses from organizations like CCIM and ULI provide structured learning. Read books by top developers like Sam Zell. Listen to development-focused podcasts. Stay on top of industry news. Learn Excel and financial modeling.</p> <p><strong>How important are connections and networking in real estate development?</strong></p> <p>Hugely important. Knowing brokers, lenders, investors, contractors, attorneys, architects and agents provides deal flow and project support. Join organizations, attend conferences, and build your network organically over time.</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/how-to-become-a-real-estate-developer-with-no-money/">How To Become a Real Estate Developer With No Money</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></content:encoded> </item> <item> <title>The Ultimate List of the 50 Best Retirement Gifts for Men in 2023</title> <link>https://www.moneyvanguard.com/best-retirement-gifts-for-men/</link> <dc:creator><![CDATA[Tara Robinson]]></dc:creator> <pubDate>Sat, 23 Jul 2022 23:11:17 +0000</pubDate> <category><![CDATA[Retirement]]></category> <guid isPermaLink="false">https://www.moneyvanguard.com/?p=3115</guid> <description><![CDATA[<p>Retirement is a major milestone in a man’s life. After years of hard work and…</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/best-retirement-gifts-for-men/">The Ultimate List of the 50 Best Retirement Gifts for Men in 2023</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></description> <content:encoded><![CDATA[<p>Retirement is a major milestone in a man’s life. After years of hard work and dedication, he finally gets to reap the rewards of his labor and enjoy his golden years. As he embarks on this new chapter, it’s important to show your love and appreciation with a thoughtful retirement gift.</p> <p>Choosing the perfect present, however, can be a challenge. </p> <p>You want to get him something special that he’ll truly appreciate and enjoy during his retirement. That’s why we’ve put together this ultimate list of the 50 best retirement gift ideas for men in 2023.</p> <p>From personalized items to indulgent experiences, practical gadgets to sentimental keepsakes, this guide has something for every type of retiree. We’ve included gifts at various price points and for different interests, so you’re sure to find the ideal retirement present.</p> <p>Read on for our top picks that will make him feel special and set the tone for an amazing next phase of his life! Discover the best retirement gifts for men in 2023!</p> <h2 class="wp-block-heading" id="h-luxury-retirement-gifts-he-ll-love"><strong>Luxury Retirement Gifts He’ll Love</strong></h2> <p>For the retiree who deserves to be pampered and spoiled, these luxurious gifts will help him unwind in style:</p> <h3 class="wp-block-heading" id="h-1-bose-noise-cancelling-headphones-700">1. Bose Noise Cancelling Headphones 700</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B07Q9MJKBV&asins=B07Q9MJKBV&linkId=1b9ad1b923366507d14a1c53ef41d573&show_border=true&link_opens_in_new_window=true"></iframe> <p>Give him the gift of peace and quiet with these top-of-the-line noise cancelling headphones from Bose. The crisp, balanced audio quality and active noise cancellation allow him to enjoy music, podcasts and more without any distractions. It’s the perfect present for the audiophile retiree.</p> <p>Features:</p> <ul><li>11 levels of active noise cancellation for a personalized listening experience</li> <li>Alexa and Google Assistant enabled for voice control</li> <li>20 hours of non-stop music on a single charge</li> <li>Cushioned ear cups and headband for all-day comfort</li></ul> <h3 class="wp-block-heading" id="h-2-irobot-roomba-vacuum">2. iRobot Roomba Vacuum</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B0798FVY69&asins=B0798FVY69&linkId=4a3a15fc47448dff7d7b182581ce4c67&show_border=true&link_opens_in_new_window=true"></iframe> <p>Give him the gift of leisure with an iRobot Roomba that will do the vacuuming for him. This intelligent robot vacuum can map his home, clean room to room, and even empty itself when done. He’ll appreciate having one less chore to worry about in retirement.</p> <p>Features:</p> <ul><li>Cleans carpets and hard floors thoroughly in neat rows</li> <li>Has smart sensors to avoid falling down stairs</li> <li>Connects to WiFi for app and voice control</li> <li>Runs for up to 90 minutes per charge</li></ul> <h3 class="wp-block-heading" id="h-3-yeti-hopper-portable-cooler">3. YETI Hopper Portable Cooler</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B07PB4HJLZ&asins=B07PB4HJLZ&linkId=3bdb09915537767eb61a7f701c6ad68f&show_border=true&link_opens_in_new_window=true"></iframe> <p>This heavy duty cooler from YETI will be his trusty companion for all his fishing, camping and picnic adventures. With its rigid exterior, closed-cell insulation and leakproof sealing, it can keep ice frozen and drinks cold for days. A great gift for the outdoorsy retiree.</p> <p>Features:</p> <ul><li>Holds up to 18 cans with a recommended 2:1 ice-to-contents ratio</li> <li>Tough, waterproof exterior built to last</li> <li>HydroLok zipper eliminates spills and leaks</li> <li>Easy to carry with padded shoulder strap</li></ul> <h3 class="wp-block-heading" id="h-4-omega-seamaster-diver-300m-watch">4. Omega Seamaster Diver 300M Watch</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B07RY4JVM9&asins=B07RY4JVM9&linkId=3ff89018ccc4a9fddecbe57b342aa25a&show_border=true&link_opens_in_new_window=true"></iframe> <p>Make his retirement truly special with this iconic luxury diving watch from Omega. The chronometer features a gorgeous blue ceramic dial and bezel, date window, 300m water resistance and a helium escape valve. A timeless accessory he’ll treasure forever.</p> <p>Features:</p> <ul><li>Scratch-resistant sapphire crystal glass face</li> <li>Unidirectional rotating bezel with luminous markers</li> <li>Anti-magnetic and shock-resistant build</li> <li>Automatic self-winding movement</li></ul> <h3 class="wp-block-heading" id="h-5-bushnell-wingman-golf-gps-speaker">5. Bushnell Wingman Golf GPS Speaker</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B0C4TP5FN2&asins=B0C4TP5FN2&linkId=b6d715666702ede2b2cfa8bcb24a52b3&show_border=true&link_opens_in_new_window=true"></iframe> <p>Perfect for the golf-loving retiree, this handy gadget provides audible front, center and back distances from the tee for over 36,000 courses around the world. The portable speaker also wirelessly streams music from any Bluetooth device, so he can enjoy his favorite tunes on the green.</p> <p>Features:</p> <ul><li>Pre-loaded with 36,000+ course maps globally</li> <li>Audio distance readings for front, center and back</li> <li>10+ hour battery lasts multiple golf rounds</li> <li>Water resistant design</li></ul> <h3 class="wp-block-heading" id="h-6-citizen-automatic-titanium-eco-drive-watch">6. Citizen Automatic Titanium Eco-Drive Watch</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B0B917Y3MX&asins=B0B917Y3MX&linkId=ab7aaf8e5a63ba04dfedb7c0fc875d75&show_border=true&link_opens_in_new_window=true"></iframe> <p>This sleek automatic watch from Citizen never needs winding or batteries thanks to Eco-Drive technology that is powered by natural and artificial light. With its lightweight titanium band and rust-resistant case, it’s perfect for an active retiree.</p> <p>Features:</p> <ul><li>Japanese quartz movement with analog display</li> <li>Water resistant up to 100m</li> <li>Date display at 3 o’clock position</li> <li>Titanium case and bracelet with fold-over push button clasp</li></ul> <h3 class="wp-block-heading" id="h-7-theragun-pro-percussive-massage-device">7. Theragun PRO Percussive Massage Device</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B086Z5YL9Q&asins=B086Z5YL9Q&linkId=a363be3befd87e3790122fdcd0da3a3b&show_border=true&link_opens_in_new_window=true"></iframe> <p>After years of hard work, he deserves some therapeutic relief. The Theragun Pro provides professional-grade deep muscle treatment right at home, releasing tension and easing aches. A thoughtful gift to improve his quality of life.</p> <p>Features:</p> <ul><li>Customizable speed range of 1750 to 2400 PPMs</li> <li>Quiet motor with superior torque</li> <li>Ergonomic grip allows for better control</li> <li>5 interchangeable massage heads for various muscle groups</li></ul> <h3 class="wp-block-heading" id="h-8-vitamix-a3500-ascent-series-blender">8. Vitamix A3500 Ascent Series Blender</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B075713NNL&asins=B075713NNL&linkId=ca8848cd8d909949ea7a5889fcb2f371&show_border=true&link_opens_in_new_window=true"></iframe> <p>The Vitamix A3500 is a powerful, intuitive blender perfect for making smoothies, soups, nut butters, and more. With aircraft-grade stainless steel blades, next-gen motor, and touchscreen controls, it’s the Rolls Royce of blenders – great for health conscious retirees.</p> <p>Features:</p> <ul><li>Variable speed control and pulse feature</li> <li>Self-detects container size for optimal blend times</li> <li>Built-in wireless connectivity for recipe access</li> <li>Hardened stainless steel blades can handle tough ingredients</li></ul> <h3 class="wp-block-heading" id="h-9-sony-noise-cancelling-earbuds">9. Sony Noise Cancelling Earbuds</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B07T81554H&asins=B07T81554H&linkId=3c5d01a91778c2e3de5e2d1b37186795&show_border=true&link_opens_in_new_window=true"></iframe> <p>Give him a private oasis of calm no matter where he is with Sony’s flagship noise cancelling earbuds. Featuring industry-leading active noise cancellation, Hi-Res audio quality and intuitive touch controls, he’ll be able to enjoy his music undisturbed.</p> <p>Features:</p> <ul><li>Dual noise sensor technology blocks interruptions</li> <li>Precise voice pickup for clear hands-free calls</li> <li>IPX4 rating for splash and sweat resistance</li> <li>8 hour battery life with quick charge function</li></ul> <h3 class="wp-block-heading" id="h-10-bushnell-golf-rangefinder">10. Bushnell Golf Rangefinder</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B0BH2JDJ9D&asins=B0BH2JDJ9D&linkId=6de975bd260e2ba28f859099d5913bfd&show_border=true&link_opens_in_new_window=true"></iframe> <p>Rangefinders are must-have golf accessories and Bushnell makes the best. This premium model provides yardages to flags up to 400 yards away with +/- 1-yard accuracy. The JOLT feature even vibrates when it locks onto the pin. A great high-tech gift.</p> <p>Features:</p> <ul><li>6x magnification with premium optics</li> <li>Scan mode for panoramic course view</li> <li>Fully waterproof exterior</li> <li>Comes with a premium carrying case</li></ul> <p>So if you’re looking to splurge and make his retirement extraordinary, these luxurious gifts for men will do just that!</p> <h2 class="wp-block-heading" id="h-personalized-retirement-gifts-for-men"><strong>Personalized Retirement Gifts for Men</strong></h2> <p>Adding his name or a custom message makes a retirement gift that much more special. Here are some of the best personalized gifts to make him feel like the center of attention:</p> <h3 class="wp-block-heading" id="h-11-custom-leather-valet-tray">11. Custom Leather Valet Tray</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B07B3P8QMK&asins=B07B3P8QMK&linkId=5cfcce45cc7fec59cfef4844836592d6&show_border=true&link_opens_in_new_window=true"></iframe> <p>Keep his essentials organized in style with a custom leather valet tray engraved with his initials or name. It adds a touch of sophistication to any bedroom or study décor. A functional gift that looks elegant.</p> <p>Features:</p> <ul><li>Full grain leather construction with clean stitching</li> <li>Spacious interior with multiple compartments</li> <li>Felt padding on bottom protects furniture</li> <li>Ideal for watches, rings, cufflinks, wallets, etc.</li></ul> <h3 class="wp-block-heading" id="h-12-personalized-whiskey-decanter-set">12. Personalized Whiskey Decanter Set</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B015YJ31I4&asins=B015YJ31I4&linkId=04ae670268bb2ae5b67fc2ed80600f00&show_border=true&link_opens_in_new_window=true"></iframe> <p>This exquisite Whiskey Decanter Set can be engraved with his name, initials or a meaningful quote. The globular decanter and matching glasses give classic elegance to home bars and man caves for whiskey lovers.</p> <p>Features:</p> <ul><li>Elegant glass decanter with tight sealing stopper</li> <li>Weighted square whiskey glasses</li> <li>Protective mahogany stained box with padded interior</li> <li>Ideal housewarming or retirement gift</li></ul> <h3 class="wp-block-heading" id="h-13-custom-cornhole-set">13. Custom Cornhole Set</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B07MKS35ZD&asins=B07MKS35ZD&linkId=8f107bc4ab473d6ff2d96196807cfef2&show_border=true&link_opens_in_new_window=true"></iframe> <p>He’ll be the envy of all when he hosts lawn games with a customized cornhole set. Get the wooden game boards printed with his name, favorite sports team or a memorable quote for his big retirement party.</p> <p>Features:</p> <ul><li>Regulation size 3ft x 2ft game boards</li> <li>8 all-weather regulation cornhole bags</li> <li>Durable MDF wood construction with polyurethane finish</li> <li>Customization options for images, text, patterns, etc.</li></ul> <h3 class="wp-block-heading" id="h-14-personalized-fishing-lures">14. Personalized Fishing Lures</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B07Q3Y34M4&asins=B07Q3Y34M4&linkId=3159d99ce4504f39b1faae9eec6ce54f&show_border=true&link_opens_in_new_window=true"></iframe> <p>Surprise your favorite fisherman with custom lures featuring his name or initials. Now his tackle box will contain special keepsakes along with the normal tackle. A thoughtful gift for the fishing enthusiast.</p> <p>Features:</p> <ul><li>Premium genuine brass casting</li> <li>Hand-painted and hand-assembled</li> <li>Vibrant 3D polyurethane eye details</li> <li>Printed with long-lasting ink</li></ul> <h3 class="wp-block-heading" id="h-15-custom-portrait-cartoon-caricature">15. Custom Portrait Cartoon Caricature</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B01LWLUIYX&asins=B01LWLUIYX&linkId=d7fe1ebcfd25da4be18aab97b693eb23&show_border=true&link_opens_in_new_window=true"></iframe> <p>This personalized caricature illustration transforms photos into animated portraits with exaggerated features. Get one made of him with his interests, family, or pets for a whimsical addition to his home or office.</p> <p>Features:</p> <ul><li>Digital hand-drawn illustration from photo</li> <li>Fully custom with background, interests, etc.</li> <li>Delivered as high resolution digital file</li> <li>Fun personalized gift for any retiree</li></ul> <h3 class="wp-block-heading" id="h-16-monogrammed-bathrobes">16. Monogrammed Bathrobes</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B00G3Q9RW2&asins=B00G3Q9RW2&linkId=888f974bb889b2074487ef36de535677&show_border=true&link_opens_in_new_window=true"></iframe> <p>After years of early mornings, he can now lounge all day in personalized luxury with these plush monogrammed bathrobes. Choose from multiple colors and styles and add his embroidered initials. The perfect gift for relaxation.</p> <p>Features:</p> <ul><li>Made from soft 100% cotton for comfort</li> <li>Shawl collar, two front pockets, and belt</li> <li>Machine-washable for easy care</li> <li>Classic style in his choice of color</li></ul> <h3 class="wp-block-heading" id="h-17-custom-face-sock-boxers">17. Custom Face Sock Boxers</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B07PPR4HHK&asins=B07PPR4HHK&linkId=97c5f379ede93ad6270d9c9871794e83&show_border=true&link_opens_in_new_window=true"></iframe> <p>Give him the gift of laughter with these hilarious custom boxers printed with photos of his face! Just send any picture and choose boxer color and they’ll take care of the rest. A silly gift sure to make him smile.</p> <p>Features:</p> <ul><li>Made from polyester/spandex fabric blend</li> <li>Comfortable boxers fit like regular underwear</li> <li>Machine washable and dryer safe</li> <li>Funny gag gift for birthdays, Christmas, retirement</li></ul> <p>So personalize his retirement with keepsakes displaying his name or initials, photos, or fun custom designs!</p> <h2 class="wp-block-heading" id="h-sentimental-retirement-keepsakes-for-men"><strong>Sentimental Retirement Keepsakes for Men</strong></h2> <p>Sentiment goes a long way when choosing retirement gifts. These special keepsakes will touch his heart and remind him of your thoughtfulness:</p> <h3 class="wp-block-heading" id="h-18-retirement-memory-book">18. Retirement Memory Book</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=1912641615&asins=1912641615&linkId=aad7512e8f8a625f0296973edb97ad57&show_border=true&link_opens_in_new_window=true"></iframe> <p>Help him preserve all his fondest memories with this elegant leatherette retirement memory book. It contains guided prompts to document his life journey, achievements, lessons learned, and dreams. A treasured memento he’ll cherish.</p> <p>Features:</p> <ul><li>Elegant padded cover with “Memories” title</li> <li>Acid-free paper protects photos, documents</li> <li>Includes pockets, sleeves, and sticker sheets</li> <li>Great for memoir writing and reminiscing</li></ul> <h3 class="wp-block-heading" id="h-19-custom-spotify-playlist">19. Custom Spotify Playlist</h3> <p>Music is powerful for evoking memories. Create a custom Spotify playlist featuring his favorite tunes and songs from his era. Add album cover art and a thoughtful title to make it extra special. A nostalgic audio keepsake.</p> <p>How to create it:</p> <ul><li>Identify songs tied to special memories</li> <li>Select music he enjoys from his generation</li> <li>Curate your playlist and give it a meaningful title</li> <li>Design a cover that represents his life journey</li></ul> <h3 class="wp-block-heading" id="h-20-retirement-newspaper">20. Retirement Newspaper</h3> <p>This personalized old-fashioned newspaper makes for an unforgettable retrospective gift. It can feature headlines of important dates and events from his life and career. Funny stories and tributes from friends and family make great content.</p> <p>Personalize it with:</p> <ul><li>Timeline marking career milestones</li> <li>Memorable moments and life achievements</li> <li>Amusing anecdotes from friends/family</li> <li>Photos and congratulatory messages</li></ul> <h3 class="wp-block-heading" id="h-21-retirement-speech-plaque">21. Retirement Speech Plaque</h3> <p>Ask close friends and family to give short speeches about his accomplishments and impact on their lives, then put the transcript on a plaque. This heartfelt collage of kind words will deeply touch him.</p> <p>How to make it:</p> <ul><li>Ask loved ones to submit 1-2 minute speech</li> <li>Transcribe and organize speeches creatively</li> <li>Print transcript on high-quality plaque</li> <li>Present on his last day of work or at party</li></ul> <h3 class="wp-block-heading" id="h-22-time-capsule-gift-box">22. Time Capsule Gift Box</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B081QQL52V&asins=B081QQL52V&linkId=886be5af6417525a6abab1bdac8fa0fc&show_border=true&link_opens_in_new_window=true"></iframe> <p>Fill a gift box time capsule with memories including photos, retirement cards, newspaper clippings, and mementos from his career. Write a letter about how he inspired you and let him discover it years later for an extra special surprise.</p> <p>What to include:</p> <ul><li>Heartfelt letter about his impact on you</li> <li>Photos from important life events</li> <li>Work memorabilia and achievement awards</li> <li>Newspaper headlines from his era</li> <li>Other personal keepsakes</li></ul> <h3 class="wp-block-heading" id="h-23-custom-canvas-print">23. Custom Canvas Print</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B0973PR7DT&asins=B0973PR7DT&linkId=96d3dc46825270fc10288ef4a2d2a566&show_border=true&link_opens_in_new_window=true"></iframe> <p>Turn a special photo of his proudest career moments or fondest memories into a custom canvas print that he can proudly display. A thoughtful gift to cherish in his home or office.</p> <p>Make it meaningful:</p> <ul><li>Choose a nostalgic or meaningful photo</li> <li>Pick favorite colors and orientation</li> <li>Select ideal size for hanging space</li> <li>Add custom text if desired</li></ul> <p>Surprise the retiree in your life with a sentimental gift that commemorates his journey and shows how much he means to you!</p> <h2 class="wp-block-heading" id="h-funny-gag-retirement-gifts-for-men"><strong>Funny Gag Retirement Gifts for Men</strong></h2> <p>Humor is a great way to break the ice and generate some laughs at a retirement party. These gag gifts add a touch of fun and levity to the occasion:</p> <h3 class="wp-block-heading" id="h-24-world-s-best-retiree-mug">24. “World’s Best Retiree” Mug</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B007J5D58S&asins=B007J5D58S&linkId=eaeb4f52095ee32d65ae76a0c3c88d8b&show_border=true&link_opens_in_new_window=true"></iframe> <p>This 11oz ceramic mug boldly proclaims “World’s Best Retiree” and serves as a fun reminder to kick back and relax in his golden years. Guaranteed to get a chuckle at the retirement celebration.</p> <p>This 11oz ceramic mug boldly proclaims “World’s Best Retiree” and serves as a fun reminder to kick back and relax in his golden years. Guaranteed to get a chuckle at the retirement celebration.</p> <p>Features:</p> <ul><li>White ceramic mug with bold print</li> <li>Holds 11oz of his favorite hot beverage</li> <li>Dishwasher and microwave safe</li> <li>Funny gift for his retirement party</li></ul> <h3 class="wp-block-heading" id="h-25-retirement-countdown-clock">25. Retirement Countdown Clock</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B08M6F4WQW&asins=B08M6F4WQW&linkId=57ccb4ec7ed676a851f6627a337ddb54&show_border=true&link_opens_in_new_window=true"></iframe> <p>Watching the countdown until freedom with this desktop retirement clock will give him a laugh while he finishes his last days on the job. The flipping display shows the days, hours and minutes left until the big day!</p> <p>Features:</p> <ul><li>Displays days, hours and minutes remaining</li> <li>Big digits visible from across the room</li> <li>Runs on single AA battery (included)</li> <li>Fun way to count down for his send-off</li></ul> <h3 class="wp-block-heading" id="h-26-retirement-survival-kit">26. Retirement Survival Kit</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B08F6MVDCM&asins=B08F6MVDCM&linkId=d738be7b25d902e217d2518e6212aafb&show_border=true&link_opens_in_new_window=true"></iframe> <p>Filled with silly items like earplugs, sleep mask and puzzle books, this survival kit jests that he’ll need help transitioning to the leisurely pace of retirement. Open and enjoy it together for some laughs.</p> <p>May include:</p> <ul><li>Puzzle books, deck of cards</li> <li>Magazine for “bathroom reading”</li> <li>Earplugs, sleep mask</li> <li>Chocolate gold coins & lottery tickets</li> <li>Notepad for tracking naps</li></ul> <h3 class="wp-block-heading" id="h-27-i-m-so-freaking-retired-cap">27. “I’m So Freaking Retired” Cap</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B07DBYKHY7&asins=B07DBYKHY7&linkId=d5d33ac888531cd51986a30c6cf69ff4&show_border=true&link_opens_in_new_window=true"></iframe> <p>Let everyone know he’s off the clock with this funny retirement baseball cap. The slang phrase “I’m So Freaking Retired” printed on front leaves no doubt that he’s officially checked out!</p> <p>Features:</p> <ul><li>Constructed from 100% cotton</li> <li>6-panel structured design with closure</li> <li>Adjustable slide strap in back</li> <li>Funny saying perfect for retirement</li></ul> <h3 class="wp-block-heading" id="h-28-retirement-tiara">28. Retirement Tiara</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B08D5876G5&asins=B08D5876G5&linkId=82de54aa305bdc156251a88d87e95aac&show_border=true&link_opens_in_new_window=true"></iframe> <p>Make him the center of attention at his retirement party by forcing him to wear a glittery tiara proclaiming “Retired Princess”. It may seem silly, but he’ll be a great sport and it will make for funny photos!</p> <p>Details:</p> <ul><li>Plastic tiara with bendable teeth comb</li> <li>Features glitzy “Retired Princess” text</li> <li>One size fits most</li> <li>Humorous photo prop for his party</li></ul> <h3 class="wp-block-heading" id="h-29-retirement-dollar-bills">29. Retirement Dollar Bills</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B082VHHP8B&asins=B082VHHP8B&linkId=3a445e9242f9acb996edf5c5ecbc3730&show_border=true&link_opens_in_new_window=true"></iframe> <p>Pass out these novelty fake dollar bills to get a laugh at his party or event. Each bill has a funny retirement-themed slogan like “Thanks for the Memories” instead of a president’s portrait. A lighthearted gift.</p> <p>Sayings include:</p> <ul><li>“Thanks for the Memories”</li> <li>“We’ll Miss You”</li> <li>“You Earned It – Now Enjoy It!”</li> <li>“It’s 5 O’Clock Somewhere”</li> <li>“Party On Dude!”</li></ul> <p>Give any man celebrating his golden years a good laugh with these humorous and silly retirement gag presents!</p> <h2 class="wp-block-heading" id="h-practical-gadgets-gear-for-retired-men"><strong>Practical Gadgets & Gear for Retired Men</strong></h2> <p>Make his days comfortable and convenient by gifting tech gadgets, apparel, and other handy gear he can use daily:</p> <h3 class="wp-block-heading" id="h-30-heated-massage-seat-cushion">30. Heated Massage Seat Cushion</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B07SG4W169&asins=B07SG4W169&linkId=2027c8f5e44196186f3b513f49836de9&show_border=true&link_opens_in_new_window=true"></iframe> <p>After long days hunched at a desk, he’ll appreciate this luxurious seat cushion massager that heats and kneads away aches and pains. The perfect gear for retired comfort.</p> <p>Features:</p> <ul><li>Soothing heat therapy with 3 settings</li> <li>Shiatsu massage nodes target specific areas</li> <li>Customizable intensities and zones</li> <li>Plugs into any home, office or car seat</li></ul> <h3 class="wp-block-heading" id="h-31-wireless-bluetooth-beanie">31. Wireless Bluetooth Beanie</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B075R7B6RQ&asins=B075R7B6RQ&linkId=00a86a9870ad89e5a41c90ab839f850e&show_border=true&link_opens_in_new_window=true"></iframe> <p>He’ll love listening to tunes and podcasts hands-free while doing errands or taking walks with this Bluetooth beanie. The built-in stereo speakers provide crisp sound and long play time.</p> <p>Benefits:</p> <ul><li>No earbuds needed, just connect phone via Bluetooth</li> <li>Soft ribbed knit stretches for comfortable fit</li> <li>Washable and durable for everyday wear</li> <li>Great for exercising or leisure activities outdoors</li></ul> <h3 class="wp-block-heading" id="h-32-compression-socks">32. Compression Socks</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B07VRBMT16&asins=B07VRBMT16&linkId=65afe2ee54e2c5f180e87ea1fda93aef&show_border=true&link_opens_in_new_window=true"></iframe> <p>Give his legs a rejuvenating boost with these graduated compression socks clinically shown to increase circulation and reduce fatigue. An ideal practical gift for retired men.</p> <p>Features:</p> <ul><li>Provides compression throughout the feet & calves</li> <li>Stimulates blood flow to prevent swelling</li> <li>Reinforced heel and toe for durability</li> <li>Variety of colors and compression levels</li></ul> <h3 class="wp-block-heading" id="h-33-coffee-warmer">33. Coffee Warmer</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B000CO89T8&asins=B000CO89T8&linkId=61a0595c608481c7eff9b73d06dd5420&show_border=true&link_opens_in_new_window=true"></iframe> <p>No more cold coffee now that he has free time to take it slow! This electric warmer keeps his morning brew or tea piping hot for hours while reading, solving puzzles, or whatever he pleases.</p> <p>Benefits:</p> <ul><li>Heating base keeps drinks warm for 4+ hours</li> <li>Auto shut-off prevents overheating accidents</li> <li>Power indicator light</li> <li>Small footprint takes up little space</li></ul> <h3 class="wp-block-heading" id="h-34-luxury-bathrobe">34. Luxury Bathrobe</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B0794VPVBH&asins=B0794VPVBH&linkId=a9e914171350efd8d4737b2d544a9902&show_border=true&link_opens_in_new_window=true"></iframe> <p>Every retiree needs a plush bathrobe for lounging comfortably at home. Treat him to this luxurious robe made of super soft microfiber and shawl collar design. The perfect apparel for retirement leisure.</p> <p>Features:</p> <ul><li>Ultra-soft microfiber polyester</li> <li>Absorbent, lightweight, and quick-drying</li> <li>Mid-length falls below knees</li> <li>Variety of colors to choose from</li></ul> <h3 class="wp-block-heading" id="h-35-digital-picture-frame">35. Digital Picture Frame</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B00442VXCO&asins=B00442VXCO&linkId=64d3eff3938b19853b0368a4bfeae322&show_border=true&link_opens_in_new_window=true"></iframe> <p>Load up this digital picture frame with all his favorite family photos so he can decorate any room with memories that bring joy. A thoughtful gift to stay connected.</p> <p>Features:</p> <ul><li>7-inch LCD display with auto-rotate</li> <li>Holds 100+ photos for endless slideshow</li> <li>Connects via USB or WiFi to add images</li> <li>Touch controls, alarm clock, calendar</li></ul> <h3 class="wp-block-heading" id="h-36-golf-cart-seat-cover">36. Golf Cart Seat Cover</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B0BJPGL7QS&asins=B0BJPGL7QS&linkId=03531cc1d3c19fefd43fdbda5a78a301&show_border=true&link_opens_in_new_window=true"></iframe> <p>Cruise the course in luxury and protect his clubs with this waterproof seat cover for golf carts. Great for shielding from rain and adding comfort during 18 holes and a beer afterwards!</p> <p>Benefits:</p> <ul><li>Heavy duty ripstop polyester sheds rain</li> <li>Padded for cushioned comfort</li> <li>Quick release buckles for easy install</li> <li>Fits most standard golf carts</li></ul> <p>These practical items will be used often and appreciated in his daily retired life!</p> <h2 class="wp-block-heading" id="h-sentimental-photo-gifts-for-retired-men"><strong>Sentimental Photo Gifts for Retired Men</strong></h2> <p>Create a memorable personalized photo gift to look back on special memories from his amazing career and life:</p> <h3 class="wp-block-heading" id="h-37-photo-blanket">37. Photo Blanket</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B09PD29G9C&asins=B09PD29G9C&linkId=49cb71cf2e40652b19c461be3c445419&show_border=true&link_opens_in_new_window=true"></iframe> <p>Preserve nostalgic moments forever on this ultra soft photo blanket. Upload any special photo and they’ll print it in vivid color on a fleece throw he can cuddle and cherish.</p> <p>Features:</p> <ul><li>Cozy fleece photo blanket</li> <li>Vibrant custom photo printing</li> <li>Ideal for napping, lounging, picnics</li> <li>Variety of sizes from 25″x35″ to 60″x80″</li></ul> <h3 class="wp-block-heading" id="h-38-custom-canvas-prints">38. Custom Canvas Prints</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B0B7NYNG8Q&asins=B0B7NYNG8Q&linkId=e666da9a55f876a5081f378f8b8e3548&show_border=true&link_opens_in_new_window=true"></iframe> <p>Display your favorite snapshots of monumental career events or family milestones as beautiful canvas art prints that decorate his home with precious memories.</p> <p>Options:</p> <ul><li>Choose photos of your favorite memories</li> <li>Available in multiple canvas sizes</li> <li>Landscape or portrait orientation</li> <li>Printed with fade-resistant inks</li></ul> <h3 class="wp-block-heading" id="h-39-photo-memory-coffee-mug">39. Photo Memory Coffee Mug</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B0B83439CM&asins=B0B83439CM&linkId=a8c771ce9c4663f01a0ed2dcedb5fc4a&show_border=true&link_opens_in_new_window=true"></iframe> <p>Start each morning reminiscing over favorite moments with a custom photo mug featuring images of his proudest career and family moments.</p> <p>Details:</p> <ul><li>11oz white ceramic coffee mug</li> <li>Dishwasher and microwave safe</li> <li>Full color permanent photos</li> <li>Makes a wonderful sentimental gift</li></ul> <h3 class="wp-block-heading" id="h-40-custom-wall-calendar">40. Custom Wall Calendar</h3> <p><a href="https://www.printusa.com/product-page/custom-calendars" target="_blank" rel="noreferrer noopener">Get it here</a></p> <p>Looking at this calendar with 12 treasured family photos or career memories will surely make him smile every day of the new year. A unique personalized gift.</p> <p>Perks:</p> <ul><li>12 full color photos of your choice</li> <li>Printed on high-quality paper</li> <li>Mark special occasions and dates</li> <li>8.5″x11″ spiral bound wall calendar</li></ul> <h3 class="wp-block-heading" id="h-41-photo-memory-quilt">41. Photo Memory Quilt</h3> <p>Stitch together images of all his greatest hits on a heartwarming quilted photo memory blanket. This homemade, meaningful gift will touch his heart.</p> <p>Make it:</p> <ul><li>Collect memorable photos from his life</li> <li>Print them on fabric squares</li> <li>Sew together with batting & backing</li> <li>Add tie strings for finishing touch</li></ul> <p>Any retiree would love receiving a custom photo memento highlighting special moments!</p> <h2 class="wp-block-heading" id="h-practical-accessories-for-retired-men"><strong>Practical Accessories for Retired Men</strong></h2> <p>Help maximize his newfound free time with useful accessories that keep him organized, comforted, and entertained:</p> <h3 class="wp-block-heading" id="h-42-travel-neck-pillow">42. Travel Neck Pillow</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B078XXCGVD&asins=B078XXCGVD&linkId=8f0a4bc263692ec49b4e372a60c24121&show_border=true&link_opens_in_new_window=true"></iframe> <p>Whether nodding off on long car rides or catching z’s on an airplane, this ergonomic neck pillow provides comfortable head and neck support for sound sleep. A considerate gift for staying cozy while traveling.</p> <p>Benefits:</p> <ul><li>Memory foam core molds to contours</li> <li>Breathable jersey cover removes for washing</li> <li>Flexible internal support stays cool</li> <li>Compact for packing in carry-ons</li></ul> <h3 class="wp-block-heading" id="h-43-luxury-duffel-bag">43. Luxury Duffel Bag</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B0077CLCWO&asins=B0077CLCWO&linkId=28b8bce51eb09a8735795e8ac44c4bb9&show_border=true&link_opens_in_new_window=true"></iframe> <p>Now that he has more time for weekend getaways and trips, gift him this deluxe leather duffel to travel in sophisticated style. A classy and spacious bag built to last.</p> <p>Details:</p> <ul><li>Full grain pebbled leather exterior</li> <li>Reinforced padded bottom</li> <li>Leather lined interior with pockets</li> <li>Brass hardware and detachable strap</li></ul> <h3 class="wp-block-heading" id="h-44-humidifier">44. Humidifier</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B09W21XFS5&asins=B09W21XFS5&linkId=03786faff5bf457471b18caa64a3caca&show_border=true&link_opens_in_new_window=true"></iframe> <p>He’ll breathe easier and get better rest with this humidifier that adds soothing, invisible moisture back into dry indoor air. A thoughtful health-minded gift.</p> <p>Features:</p> <ul><li>Ultrasonic for ultra-quiet operation</li> <li>Auto shut-off when empty</li> <li>Lasts up to 16 hours per fill</li> <li>Optional night light and aroma diffuser</li></ul> <h3 class="wp-block-heading" id="h-45-leather-valet-tray">45. Leather Valet Tray</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B07BZQMJRH&asins=B07BZQMJRH&linkId=339444e5da541e8208ea28dd300e54ae&show_border=true&link_opens_in_new_window=true"></iframe> <p>Keep his desk tidy and have essentials like wallet, watch, keys and more at hand with this classy leather valet organizer tray with multiple compartments.</p> <p>Highlights:</p> <ul><li>Full grain leather with contrast stitching</li> <li>Non-slip felt bottom</li> <li>Multifunctional for home or office</li> <li>Sophisticated desk accessory</li></ul> <h3 class="wp-block-heading" id="h-46-luggage-scale">46. Luggage Scale</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B082LYC2TN&asins=B082LYC2TN&linkId=193fbb4a806dfb0aabae9dd26fff2703&show_border=true&link_opens_in_new_window=true"></iframe> <p>Avoid surprises at airport check-in with this handy little gadget that displays luggage weight with precision sensor technology. A useful travel accessory for the jet-setting retiree.</p> <p>Benefits:</p> <ul><li>Compact and portable for travel</li> <li>Easy-to-read digital display</li> <li>Accurate sensor weighs up to 100lbs</li> <li>Auto-off to conserve battery</li></ul> <p>These practical accessories will add convenience and enjoyment to his retirement!</p> <h2 class="wp-block-heading" id="h-relaxation-leisure-gifts-for-retired-gentlemen"><strong>Relaxation & Leisure Gifts for Retired Gentlemen</strong></h2> <p>After years of hustle, help him slow down and treat himself with these soothing self-care presents:</p> <h3 class="wp-block-heading" id="h-47-shiatsu-foot-massager">47. Shiatsu Foot Massager</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B074P2M8N8&asins=B074P2M8N8&linkId=59a41d361911649f2d0eb474a3cfe2c0&show_border=true&link_opens_in_new_window=true"></iframe> <p>Pamper his feet and soothe aches from head to toe with this indulgent shiatsu foot massager. The kneading massage nodes will melt away tension and leave him feeling rejuvenated.</p> <p>Features:</p> <ul><li>Deep-kneading shiatsu massage</li> <li>Optional heating function</li> <li>3 rejuvenating levels of intensity</li> <li>Fits feet up to men’s size 12</li></ul> <h3 class="wp-block-heading" id="h-48-himalayan-salt-lamp">48. Himalayan Salt Lamp</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B001892AX2&asins=B001892AX2&linkId=f1090632ed15786600588490b5e0c5b1&show_border=true&link_opens_in_new_window=true"></iframe> <p>Create a serene glow in his home with a natural Himalayan salt lamp that purifies air and reduces allergy symptoms and stress. A calming gift to find inner peace.</p> <p>Benefits:</p> <ul><li>Emits negative ionizing effect</li> <li>Soft amber glow creates relaxing ambiance</li> <li>Hand-carved from solid salt crystals</li> <li>Minimalist, minimal maintenance</li></ul> <h3 class="wp-block-heading" id="h-49-bath-bombs-spa-set">49. Bath Bombs Spa Set</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B083V74H5D&asins=B083V74H5D&linkId=f518bbbfc4a1cff310e565b63c6b5cbc&show_border=true&link_opens_in_new_window=true"></iframe> <p>Let him soak in luxury with this set of 12 fizzy bath bombs in essential oil scents like lavender, eucalyptus, citrus and more. The perfect present to indulge in therapeutic relaxation.</p> <p>Details:</p> <ul><li>Includes 12 bath bombs, each with unique aroma</li> <li>Infused with moisturizing shea and cocoa butter</li> <li>Vibrant colors create fun bath art</li> <li>Ideal for destressing and pampering</li></ul> <h3 class="wp-block-heading" id="h-50-essential-oil-diffuser">50. Essential Oil Diffuser</h3> <iframe sandbox="allow-popups allow-scripts allow-modals allow-forms allow-same-origin" style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=mv2023-20&language=en_US&marketplace=amazon&region=US&placement=B07JD2GDKN&asins=B07JD2GDKN&linkId=c62c4ff8f6896210fb1db506c4181098&show_border=true&link_opens_in_new_window=true"></iframe> <p>Refresh the air and his spirit with this ultrasonic essential oil diffuser specially designed for large rooms. Add a few drops of lavender or eucalyptus oil to uplift his mood.</p> <p>Features:</p> <ul><li>Whisper quiet ultrasonic operation</li> <li>Auto shut-off safety feature</li> <li>Customizable mist settings and timer</li> <li>Light up display changes color</li></ul> <p>After years of work, he deserves to kick back and practice self-care!</p> <h2 class="wp-block-heading" id="h-gift-ideas-for-different-retiree-personalities">Gift Ideas for Different Retiree Personalities</h2> <p>Now that you’ve seen our top picks, consider the retiree’s personality when choosing a retirement gift he’ll truly appreciate:</p> <h3 class="wp-block-heading" id="h-gifts-for-the-health-conscious-retiree">Gifts for the Health Conscious Retiree</h3> <ul><li>Fitness tracker to stay active</li> <li>Digital kitchen food scale for portion control</li> <li>Insulated lunch bag and containers for meal prep</li> <li>Produce keeper containers to eat healthy on the go</li> <li>Nutribullet blender for smoothies and shakes</li> <li>Guided meditation gift cards for mental wellness</li></ul> <h3 class="wp-block-heading" id="h-gift-ideas-for-the-foodie-retiree">Gift Ideas for the Foodie Retiree</h3> <ul><li>Steak grill tools and meat smoking kit</li> <li>Cocktail mixology kit with shaker and glasses</li> <li>Coffee sampler gift box to discover new blends</li> <li>Global spice rack with seasonings from around the world</li> <li>Wine enthusiast tasting set with aerating pourer</li> <li>Cheese making starter kit to craft artisanal fromage</li> <li>High quality chef’s knife or cutlery set</li></ul> <h3 class="wp-block-heading" id="h-presents-for-the-sports-fan-retiree">Presents for the Sports Fan Retiree</h3> <ul><li>Team logo foldable tailgating chair</li> <li>Ticket gift card to catch a game live</li> <li>Jersey or hat of his favorite team</li> <li>Autographed sports memorabilia like a photo or ball</li> <li>Cornhole set customized with team logos</li> <li>Tabletop mini basketball hoop game</li> <li>Dartboard cabinet set for game nights</li> <li>Golf club display case to showcase collectibles</li> <li>Sports team logo cooler bag or grill set</li></ul> <h3 class="wp-block-heading" id="h-gifts-for-the-tech-loving-retiree">Gifts for the Tech-Loving Retiree</h3> <ul><li>Smart speaker for voice assistant and audio</li> <li>Wireless noise-cancelling headphones</li> <li>Digital media streaming devices like Roku or Firestick</li> <li>New laptop or tablet for web browsing and video chats</li> <li>Smartwatch with health and convenience features</li> <li>Digital camera for photography new hobby</li> <li>Genealogy DNA kit to explore ancestry</li> <li>Metal detector to uncover buried treasures</li> <li>Telescope for stargazing wonders</li></ul> <h3 class="wp-block-heading" id="h-ideas-for-the-outdoor-retiree">Ideas for the Outdoor Retiree</h3> <ul><li>Custom hiking staff or walking sticks</li> <li>Camping lantern, chairs and hammock</li> <li>Fishing tackle and accessories</li> <li>Telescoping golf ball retriever</li> <li>Metal detector for buried treasure hunting</li> <li>Waterproof expedition backpack or duffel</li> <li>Portable binoculars for birdwatching</li> <li>paracord survival bracelet with tools</li> <li>Solar powered phone charger for off-grid use</li></ul> <h2 class="wp-block-heading" id="h-diy-homemade-retirement-gifts">DIY Homemade Retirement Gifts</h2> <p>If you want to get crafty, these homemade retirement gift ideas are sure to impress:</p> <h3 class="wp-block-heading" id="h-photo-memories-scrapbook">Photo Memories Scrapbook</h3> <p>Collect memorable photos and ephemera from his career and make a scrapbook showcasing his proudest accomplishments and favorite memories. A thoughtful homemade gift expressing how much he’ll be missed.</p> <h3 class="wp-block-heading" id="h-custom-golf-headcovers">Custom Golf Headcovers</h3> <p>Sew custom golf club headcovers from vintage neckties, batting, and velcro. Pick fun patterns that reflect his hobbies, career, or personality. A handy gift to take out on the course.</p> <h3 class="wp-block-heading" id="h-embroidered-towels">Embroidered Towels</h3> <p>Add a personal touch with towels embroidered with “Mr. Retired 2023” or his initials. Useful for drying hands in the kitchen or for showering after long walks and 18 holes.</p> <h3 class="wp-block-heading" id="h-retirement-trophy">Retirement Trophy</h3> <p>Find a trophy cup and create a plaque with his name and retirement year on the base. A fun commemorative award to display from his party celebrating this major milestone.</p> <h3 class="wp-block-heading" id="h-scrap-wood-sign-art">Scrap Wood Sign Art</h3> <p>Use old barnwood, paints and stamps or stencils to craft a custom wood sign with his last name and year of retirement. Rustic home decor he’ll proudly hang.</p> <p>With a little creativity and effort, you can produce retirement gifts full of care and heart. The memories made will be treasured for years!</p> <h2 class="wp-block-heading" id="h-meaningful-retirement-wishes">Meaningful Retirement Wishes</h2> <p>Writing a thoughtful retirement card message is just as important as the gift itself. Here are some meaningful well wishes to include:</p> <ul><li>Congratulations on making it to this huge milestone! Your dedication is admirable and we hope retirement brings you all the joy and relaxation you deserve.</li> <li>Wishing you a future filled with endless possibilities now that you’re retiring. May you look back on your achievements with pride and happiness at all the lives you’ve touched.</li> <li>You’ve worked incredibly hard over the years bettering our organization. Thank you for your tireless efforts and enjoy every minute of this next chapter.</li> <li>We’re so excited for you to start this new phase filled with possibilities. May you have bright adventures, create beautiful memories, and build profound relationships in your retirement.</li> <li>You’ve served as an outstanding role model for all of us. Thank you for your years of service, wisdom and friendship. May your retirement be incredibly fulfilling.</li> <li>Enjoy your much deserved time off to golf, fish, relax, and travel now that you’re officially retired! We’re so happy for you and hope it’s everything you wished for.</li> <li>Congratulations on making it to the finish line! We hope you look back on it all with pride. You will be missed.</li></ul> <h2 class="wp-block-heading" id="h-final-thoughts">Final Thoughts</h2> <p>Retirement is an exciting new milestone in any man’s life. After years or even decades of hard work and dedication, he deserves to kick back and enjoy the fruits of his labor without any concerns or responsibilities.</p> <p>The time has come for him to take that long postponed trip abroad, pick up a new hobby, spend more time with family, or simply relax with no place to be. He should be able to look back proudly on his career and get excited for the open possibilities ahead.</p> <p>You can help make this transition into retirement memorable and meaningful with a thoughtful gift that touches his heart and ushers in the next chapter. We hope this curated list of the 50 best retirement gifts for men gave you great ideas that align with his personality, interests, and your budget.</p> <p>Remember to include a heartfelt message or retirement wishes when you give him your gift. Personalize it with an engraving or photos for added sentiment. Your present and kind words will be something he treasures for years and reminds him of your friendship.</p> <p>As he embarks on more adventures, spends time doing what he loves, and makes new memories, he’ll appreciate you helping celebrate this major life milestone with the perfect retirement gift!</p> <h2 class="wp-block-heading" id="h-faqs-about-the-best-retirement-gifts-of-men">FAQs about the Best Retirement Gifts of Men</h2> <h3 class="wp-block-heading" id="h-what-are-some-good-retirement-gift-ideas-for-men">What are some good retirement gift ideas for men?</h3> <p>Some great retirement gift ideas for men include personalized items like monogrammed apparel or accessories, customized grilling/bar supplies, engraved drinkware, sentimental photo gifts, luxury items like massage devices or smartwatches, practical travel gear, or hobby-related items tailored to his interests.</p> <h3 class="wp-block-heading" id="h-how-much-should-i-spend-on-a-retirement-gift">How much should I spend on a retirement gift?</h3> <p>How much you spend depends on your relationship to the retiree and your budget. Small token gifts can range from $10-$50 while more luxury items like electronics or custom accessories could be $100-$500 or more. For a group gift, colleagues may chip in $20-50 each. The gift amount is not as important as the thought behind it.</p> <h3 class="wp-block-heading" id="h-what-should-i-write-in-a-retirement-card">What should I write in a retirement card?</h3> <p>Start by congratulating them on their retirement and sharing any favorite memories. Express appreciation for their dedication, wisdom and impact over the years. Wish them the best in pursuing hobbies, relaxing and adventuring in this next chapter of life. Share how they’ll be missed and close with well wishes for health and happiness.</p> <h3 class="wp-block-heading" id="h-what-gifts-are-good-to-get-a-retired-man">What gifts are good to get a retired man?</h3> <p>Good retirement gifts for a man play into his interests like sports, travel, grilling, or hobbies. Some ideas include personalized barware, tickets to a game, travel accessories like luggage tags, an engraved grill set, or even just a soft robe and slippers to lounge comfortably at home.</p> <h3 class="wp-block-heading" id="h-what-do-you-give-a-boss-retiring-from-work">What do you give a boss retiring from work?</h3> <p>For a retiring boss, consider a gift like an engraved plaque or desk item noting their years of service. A nice bottle of liquor or wine also makes a good corporate retirement gift. For a closer friend, give a personalized present tailored to their hobbies.</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/best-retirement-gifts-for-men/">The Ultimate List of the 50 Best Retirement Gifts for Men in 2023</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></content:encoded> </item> <item> <title>Payday Loan Debt: A Guide To Breaking the Debt Trap</title> <link>https://www.moneyvanguard.com/payday-loan-debt/</link> <dc:creator><![CDATA[Lyle Solomon]]></dc:creator> <pubDate>Mon, 14 Feb 2022 13:07:25 +0000</pubDate> <category><![CDATA[Debt]]></category> <guid isPermaLink="false">https://www.moneyvanguard.com/?p=3104</guid> <description><![CDATA[<p>Payday loan companies are not lenders; they are businesses whose sole objective is to make…</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/payday-loan-debt/">Payday Loan Debt: A Guide To Breaking the Debt Trap</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></description> <content:encoded><![CDATA[<p>Payday loan companies are not lenders; they are businesses whose sole objective is to make a profit. At first glance, the terms of the payday loan agreement do not appear to be too detrimental, so you accept the loan. You may have had an emergency or need fast cash, and the payday loan advertisements were pretty appealing. Thus, the option to take out the loan came to you swiftly.</p> <p>Therefore, you had no idea what would happen after the two-week repayment period was finished. You’re now having difficulty repaying it. You also have other obligations to consider, such as rent, utilities, food, other bills, and so on. When you cannot repay the loan, having no choice, you acquire a new payday loan to compensate for the previous one (a process known as “rolling over”), incurring additional fees and raising the cost of borrowing.</p> <p>Now, this goes on for weeks or months, with you consistently paying the interest but not the principal. Payday loan debt becomes more expensive and hard to repay over time.</p> <p>Nobody likes being in debt, but when there seems to be no way out, it’s plain miserable. It is tough, but not impossible, to break the cycle of payday loan debt.</p> <p>Here are a few ways that may provide you with the<a href="https://www.ovlg.com/debt-consolidation/payday-loan.html"> payday loan help</a> you need:</p> <h2 class="wp-block-heading" id="h-payday-loan-consolidation-through-a-loan"><strong>Payday Loan Consolidation Through a Loan</strong></h2> <p>One way to lessen the burden of payday loan debt is to consolidate your payday loans. Debt consolidation loans are meant to combine all your high-interest loans into one low-interest one.</p> <p>Here, you take out a payday consolidation loan. You can borrow money from a bank or a lending institution at a low-interest rate. With this loan, you repay your existing payday loan debt. Only this loan remains after the outstanding balance is paid, which you can slowly and systematically repay through monthly payments.</p> <p>The majority of lenders give you one to five years to repay the loan. If you have a low credit score, you may still be eligible for a debt consolidation loan, but you will likely pay a higher interest rate than if you had a higher score.</p> <p>Consolidating your payday loan debt into a new loan allows you the opportunity to pay off your debt quickly, putting an end to this debt cycle.</p> <h3 class="wp-block-heading" id="h-drawbacks-to-consolidation-loans"><strong>Drawbacks to Consolidation Loans</strong></h3> <p>A consolidation loan may be a faster way to get out of the payday loan hassle, but it has a few negative points as well:</p> <p>● You may end up paying high-interest rates instead of low-interest rates. It can happen if you have low credit scores.</p> <p>● A low-interest rate may not save you money in the long run if you take a lot of time to pay off the loan. If you take out a 5-year personal loan instead of a 2-year loan term, you will end up spending more, depending on the interest rate of the new loan.</p> <h2 class="wp-block-heading" id="h-payday-loan-consolidation-program"><strong>Payday Loan Consolidation Program</strong></h2> <p>Another way to get out of payday loan debt is through a payday loan consolidation program. Several organizations provide similar services, and these organizations focus on the goal of getting you out of debt as quickly as possible and with as little hardship as feasible.</p> <p>In the payday loan consolidation program, first, your situation is reviewed by a counselor. Then your total debt plus your expenses are calculated to see how much you will be paying every month towards your debt payments.</p> <p>After you enroll in the program, the counselors negotiate with your creditors to reduce the interest rates on your loans. After all the arrangements are made, all you have to do is make single monthly payments to the payday loan consolidation company that will distribute the payment to your creditors on your behalf. You won’t even need to speak with your creditors because the counselors will take care of everything on your behalf.</p> <h3 class="wp-block-heading" id="h-there-are-a-few-disadvantages-to-this-method"><strong>There Are a Few Disadvantages to This Method</strong></h3> <p>● You will have to pay a professional fee to the consolidation company and may charge a hefty price for their services. So, before choosing a consolidation company, study their policies thoroughly.</p> <p>● If you fail to make payments on time, it might disrupt the program.</p> <h2 class="wp-block-heading" id="h-debt-settlement"><strong>Debt Settlement</strong></h2> <p id="h-debt-settlement-aka-debt-reduction-or-debt-resolution-is-a-settlement-between-the-debtor-and-the-creditor-here-the-creditor-agrees-to-let-go-of-a-large-or-half-of-the-amount-due-and-you-make-a-lump-sum-amount-in-exchange-for-the-creditors-agreeing-to-settle-their-debt-fully">Debt settlement,<em> aka {debt reduction or debt resolution}</em>, is a settlement between the debtor and the creditor. Here the creditor agrees to let go of a large or half of the amount due, and you make a lump sum amount in exchange for the creditors’ agreeing to settle their debt fully. </p> <p>This process is more straightforward for debtors because it helps avoid bankruptcy while reducing the outstanding balance. Debt settlement is also favorable for creditors because, in this way, they get a certain amount of money, and the debtor does not file for bankruptcy, putting the creditors in danger of losing the money they are owed.</p> <p>Specific organizations help with debt settlement. These companies take a percentage of the sum settled, usually between 15% and 20%, as part of their fees. You may also do it yourself, but you run the risk of not getting a fair deal.</p> <h3 class="wp-block-heading" id="h-there-are-a-few-downsides-to-this-method"><strong>There Are a Few Downsides to This Method</strong></h3> <p>● Some debt settlement companies might ask you to stop your payments while they negotiate your debt with your creditors. Often, this negotiation takes a lot of time, and during that period, your debt increases due to the late fees.</p> <p>● The debt settlement is likely to impact your credit score, causing problems with future loans, employment challenges, and so on. </p> <h2 class="wp-block-heading" id="h-payday-loan-debt-management"><strong>Payday Loan Debt Management</strong></h2> <p>A <a href="https://www.moneyvanguard.com/debt-management-plans-credit-counseling/">debt management plan</a> offers you a single, lower monthly payment to your creditors in exchange for eliminating your debt. A debt management plan is similar to a consolidation program.</p> <p>Many organizations provide debt management help to those stuck and struggling to manage their finances. Credit counselors negotiate with your creditors and help you <a href="https://www.moneyvanguard.com/how-to-manage-your-money-when-you-are-broke/">create a budget</a> that works for you. Rather than making multiple payments each month, you have to make one payment to the organization, which distributes the funds to your creditors. Debt management is beneficial to your credit score because it allows you to pay off your debt quickly. Your repayment plan will also have a positive impact on your credit score.</p> <h3 class="wp-block-heading" id="h-there-are-certain-drawbacks-to-this-method"><strong>There Are Certain Drawbacks to This Method</strong></h3> <p>● The benefits of your debt management plan will be lost if you don’t make your payments on time every month. If you don’t, you might lose out on the benefits that come with it.</p> <p>● The majority of creditors are willing to accept reduced monthly payments. However, some creditors may refuse to accept the reduced repayment plan.</p> <h2 class="wp-block-heading" id="h-alternatives-to-payday-loans"><strong>Alternatives to Payday Loans</strong></h2> <p>Payday loans look appealing because of how they look on the outside – easy and quick. But what most fail to notice is that they can be vicious, never-ending traps. Payday loans may look like the best option in an emergency. Still, other alternatives are much more favorable than payday loans.</p> <p>● <strong>Payday alternative loans (PAL): </strong>Payday alternative loans (PALs) are available from credit unions that are active members of the Credit Union Administration. You might use the money from a PAL to avoid or repay a payday loan. Lower-cost PALs provide borrowers with more time to repay a loan than payday loans. A credit union would charge up to $20 for a PAL. PAL sums vary from $200 to $1,000, with a one-to-six-month payment term.</p> <p>● <strong>Side business:</strong> If you have some leisure time, you can earn extra dollars. You could try online tutoring or any kind of freelance job like web design, graphic design, or writing. You can also sell items that you make.</p> <p>● <strong>A loan from friends and family:</strong> A personal loan from your friends and family can help you avoid a high-interest payday loan. You may even be able to get interest-free loans. Whatever the interest rate, get your loan arrangement in writing. This agreement should specify the amount borrowed, the interest rate, the collateral required (if any), the payout duration, along with the payment amounts and due dates. Failure to return a loan of this type will not harm your credit, but it may endanger a friendship or family relationship.</p> <h2 class="wp-block-heading" id="h-conclusion"><strong>Conclusion</strong></h2> <p id="h-payday-loans-are-notorious-things-with-their-enticing-posters-and-easy-accessibility-they-feel-like-the-best-thing-possible-when-you-re-in-a-bind-however-if-you-get-into-this-cycle-and-cannot-manage-it-properly-getting-out-of-it-might-be-difficult">Payday loans are notorious things. With their enticing posters and easy accessibility, they feel like the best thing possible when you’re in a bind. However, if you get into this cycle and cannot manage it properly, getting out of it might be difficult.</p> <p>Hopefully, the above solutions will help you be debt-free in a less painful manner. However, remaining debt-free is entirely up to you and how you decide to tackle a situation. It’s important to remember that payday loans aren’t your only option, and always be on the lookout for alternatives.</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/payday-loan-debt/">Payday Loan Debt: A Guide To Breaking the Debt Trap</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></content:encoded> </item> <item> <title>AcreTrader Review 2023: A Smart Way to Invest in Farmland?</title> <link>https://www.moneyvanguard.com/acretrader-review/</link> <dc:creator><![CDATA[Michael Webb]]></dc:creator> <pubDate>Mon, 25 Oct 2021 09:56:06 +0000</pubDate> <category><![CDATA[Investing]]></category> <category><![CDATA[Reviews]]></category> <category><![CDATA[2023]]></category> <category><![CDATA[acre trader]]></category> <category><![CDATA[acre trader review]]></category> <category><![CDATA[acretrader]]></category> <category><![CDATA[AcreTrader vs FarmTogether]]></category> <category><![CDATA[agriculture]]></category> <category><![CDATA[farm land]]></category> <category><![CDATA[farmland]]></category> <category><![CDATA[farmland investing]]></category> <category><![CDATA[investing in farmland]]></category> <category><![CDATA[investing in land]]></category> <category><![CDATA[review]]></category> <guid isPermaLink="false">https://www.moneyvanguard.com/?p=3079</guid> <description><![CDATA[<p>Have you ever thought about investing in farmland? If not, you might be missing out…</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/acretrader-review/">AcreTrader Review 2023: A Smart Way to Invest in Farmland?</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></description> <content:encoded><![CDATA[<p>Have you ever thought about investing in farmland? If not, you might be missing out on one of the most stable and profitable alternative asset classes in the world. Farmland investing can help you diversify your portfolio, generate passive income, benefit from capital appreciation, and hedge against inflation and stock market volatility. Sounds too good to be true, right?</p> <p>Well, not anymore. Thanks to AcreTrader, a farmland crowdfunding investment platform, you can now buy shares of farmland online and earn rental income from farmers. AcreTrader was founded in 2018 by Carter Malloy, a former finance professional and a farmer’s son. His mission is to make farmland investing accessible, transparent, and hassle-free for accredited investors.</p> <p>But is AcreTrader really the best way to invest in farmland online? How does it work? What are the requirements, fees, risks, and returns? How does it compare to other platforms and asset classes? And most importantly, is it worth your time and money?</p> <p>In this AcreTrader review for 2023, I will answer all these questions and more. I will explain what AcreTrader is and how it works, who can invest in it and what are the requirements, how it selects and manages the farmland properties, how to sell your shares on AcreTrader and what are the options, what are the pros and cons of investing in AcreTrader, and my final verdict on whether AcreTrader is a good investment option for you.</p> <p>By the end of this article, you will have a clear understanding of AcreTrader and its suitability for different types of investors. So if you’re ready to learn more about this exciting opportunity, let’s get started!</p> <h2 class="wp-block-heading"><strong>What Is AcreTrader And How Does It Work?</strong></h2> <p>AcreTrader is a farmland crowdfunding investment platform that was founded in 2018 and is available for accredited investors only. You can start investing in farmland between $10,000 to $40,000 without worrying about land management (the average cost is about $10,000 to $25,000). Once you know which farms you want to invest in, all you do is collect your annual dividend checks from the farmland rent payments and collect your potential profit once the land itself is sold.</p> <p>But how does AcreTrader work exactly? And what are the benefits and risks of investing in farmland through AcreTrader? Let’s break it down step by step.</p> <h3 class="wp-block-heading"><strong>How to invest in farmland online with AcreTrader</strong></h3> <p>Investing in farmland online with AcreTrader is a simple and straightforward process. Here are the main steps involved:</p> <ol><li><strong>Create an account:</strong> To start investing in AcreTrader, you need to create an account on their website and verify your identity and accreditation status. You can also browse the available properties and learn more about them before signing up.</li><li><strong>Find a property:</strong> AcreTrader lists various farmland properties across the country that have passed their rigorous due diligence process. You can filter the properties by location, crop type, investment type, minimum investment, expected returns, etc. You can also view detailed information about each property, such as soil quality, water sources, crop history, tenant profile, financial projections, etc.</li><li><strong>Buy shares:</strong> Once you find a property that suits your investment goals and risk appetite, you can buy shares of it online. Each property is owned by a unique entity (usually an LLC) that is divided into fractional shares. You can buy any amount of shares at or above the minimum investment amount. The minimum investment amount varies depending on the property, but it typically ranges from $7,000 to $25,000. The average holding period for each property is also variable, but it usually lasts between 5 to 10 years.</li><li><strong>Receive returns:</strong> After you buy shares of a property, you become a passive owner of that property. You don’t have to worry about any land management aspects, such as rental payments, insurance, taxes, maintenance, etc. AcreTrader handles all those aspects for you and charges a flat annual administration fee of 0.75% of the overall farm value. You receive annual cash returns from the rental income paid by the farmers who lease the land from AcreTrader. The rental income is usually paid in advance of the planting season, so you take virtually no crop risk, weather risk, etc. The rental income is kept in a unique bank account held by the entity until payout in December. Historically, farmland has an unlevered yield of 3% to 5% for lower-risk properties.*</li><li><strong>Sell your shares:</strong> At the end of the holding period, AcreTrader sells the property and distributes the net proceeds to the investors. You receive your share of any capital appreciation that occurred during the holding period. </li></ol> <p><strong><em>Source:</em></strong> <em>USDA NASS Historical Land Values and Cash Rents over a 50-year period.</em></p> <h2 class="wp-block-heading"><strong>Who Can Invest In AcreTrader And What Are The Requirements?</strong></h2> <p>AcreTrader is not for everyone. It is only available for accredited investors who meet certain income or net worth criteria. It also requires a relatively high minimum investment amount and a long holding period. In this section of the AcreTrader review, I will explain who can invest in AcreTrader and what are the requirements.</p> <h3 class="wp-block-heading"><strong>What is an accredited investor?</strong></h3> <p>An accredited investor is an individual who has either:</p> <ul><li>A net worth of at least $1 million (excluding the value of their primary residence), or</li><li>An annual income of at least $200,000 for the last two years (or $300,000 together with their spouse) and a reasonable expectation of the same income level in the current year.</li></ul> <p>These criteria are set by the Securities and Exchange Commission (SEC) to protect investors from risky or fraudulent investments that are not registered with the SEC. AcreTrader is one of those investments that are not registered with the SEC and are only offered to accredited investors under Regulation D.</p> <p>To invest in AcreTrader, you need to verify your accreditation status by providing documents such as tax returns, bank statements, brokerage statements, etc. You can also use a third-party service such as VerifyInvestor.com to verify your accreditation status.</p> <h3 class="wp-block-heading"><strong>What is the minimum investment amount?</strong></h3> <p>The minimum investment amount on AcreTrader varies depending on the property, but it typically ranges from $7,000 to $25,000. This means that you need to have a significant amount of capital to invest in farmland online with AcreTrader.</p> <p>The minimum investment amount is determined by dividing the total purchase price of the property by the number of shares available. For example, if a property costs $1 million and has 100 shares available, the minimum investment amount would be $10,000 per share.</p> <p>You can buy any number of shares at or above the minimum investment amount. However, you cannot buy more than 10% of the total shares available for any property. This is to ensure diversification and compliance with SEC rules.</p> <h3 class="wp-block-heading"><strong>What is the holding period?</strong></h3> <p>The holding period on AcreTrader is the length of time that you have to hold your shares before you can sell them or receive your share of the proceeds from the sale of the property. The holding period varies depending on the property, but it usually lasts between 5 to 10 years.</p> <p>The holding period is determined by several factors such as the expected appreciation rate of the property, the market conditions, the tenant agreements, etc. AcreTrader provides an estimated holding period for each property on its website.</p> <p>You should be prepared to hold your shares for the entire holding period and not expect to access your money quickly or easily if you need it for any reason. </p> <h2 class="wp-block-heading"><strong>How Does AcreTrader Select And Manage The Farmland Properties?</strong></h2> <p>One of the most important aspects of investing in farmland with AcreTrader is how they select and manage the farmland properties. After all, you are entrusting your money to a platform that claims to have the expertise and experience to find and manage the best farmland opportunities for you.</p> <p>But how do they do it? And what are the criteria and process that they use to analyze and vet the farmland properties before listing them on the platform? And how do they handle the land management aspects, such as rental payments, insurance, taxes, maintenance, etc.?</p> <p>Let’s find out more in this section of our 2023 AcreTrader review.</p> <h3 class="wp-block-heading"><strong>How does AcreTrader select the farmland properties?</strong></h3> <p>AcreTrader has a rigorous and comprehensive process to select the farmland properties that they list on their platform. They use a combination of data analysis, market research, and boots-on-the-ground experience to find and evaluate the best farmland opportunities for their investors.</p> <p>Here are some of the main steps and criteria that AcreTrader uses to select the farmland properties:</p> <ul><li><strong>Data analysis:</strong> AcreTrader uses proprietary software and algorithms to analyze millions of data points from various sources such as USDA, NASS, FSA, NRCS, etc. They look at factors such as soil quality, water availability, crop history, yield potential, climate risk, etc. They also use satellite imagery and drone footage to assess the physical condition and location of the land.</li></ul> <ul><li><strong>Market research:</strong> AcreTrader conducts extensive market research to understand the supply and demand dynamics of the farmland market. They look at factors such as population growth, food consumption trends, commodity prices, trade policies, land availability, etc. They also compare the historical and projected returns of different regions and crop types.</li></ul> <ul><li><strong>Boots-on-the-ground experience:</strong> AcreTrader has a team of experts who have decades of experience in farming, real estate, finance, and technology. They visit each property in person and conduct due diligence on the land owner, the tenant farmer, the local market conditions, etc. They also leverage their network of local partners and advisors who have deep knowledge and connections in the farming industry.</li></ul> <ul><li><strong>Vetting process:</strong> AcreTrader has a strict vetting process that filters out most of the properties that they review. They only list properties that meet their high standards of quality, profitability, sustainability, and ethics. They also ensure that each property has a clear title, a fair valuation, a favorable lease agreement, etc.</li></ul> <p>According to AcreTrader’s website, they only select less than 5% of the properties that they review. This means that they reject more than 95% of the properties that they come across. This shows how selective and meticulous they are in choosing the best farmland opportunities for their investors.</p> <h3 class="wp-block-heading"><strong>How does AcreTrader manage the farmland properties?</strong></h3> <p>AcreTrader not only selects the farmland properties for their investors but also manages them on their behalf. They handle all aspects of administration and property management, from insurance and accounting to working with local farmers and improving soil sustainability.</p> <p>Here are some of the main features and benefits of AcreTrader’s land management service:</p> <ul><li><strong>Insurance:</strong> AcreTrader provides comprehensive insurance coverage for each property that covers natural disasters, crop failures, liability claims, etc. They also monitor and update the insurance policies regularly to ensure adequate protection for their investors.</li><li><strong>Accounting:</strong> AcreTrader handles all aspects of accounting for each property such as collecting rental payments from farmers, paying taxes and fees, distributing income to investors, providing financial statements and reports, etc. They also use third-party auditors to verify their financial records and ensure transparency and accuracy.</li><li><strong>Maintenance:</strong> AcreTrader oversees all aspects of maintenance for each property such as repairing fences, roads, drainage systems, irrigation systems, etc. They also work with local contractors and service providers to ensure quality and timely work. They also monitor and improve the soil health and fertility of each property by using sustainable farming practices such as crop rotation, cover crops, no-till farming, etc.</li></ul> <ul><li><strong>Tenant relations:</strong> AcreTrader works closely with the tenant farmers who lease the land from them. They ensure that the farmers are reputable, experienced, and reliable. They also negotiate favorable lease terms and conditions that align with the interests of both parties. They also provide support and assistance to the farmers such as access to capital, technology, best practices, etc.</li><li><strong>Performance monitoring:</strong> AcreTrader monitors and reports on the performance and valuation of each property on a regular basis. They use data and analytics to track factors such as crop yields, market prices, land appreciation, etc. They also provide investors with online dashboards and updates that show their portfolio performance and returns.</li></ul> <h2 class="wp-block-heading"><strong>How To Sell Your Shares On AcreTrader And What Are The Options?</strong></h2> <p>One of the biggest challenges of investing in farmland with AcreTrader is the lack of liquidity. Farmland is an illiquid asset that cannot be easily converted into cash without losing some value or paying some costs. This means that you have to hold your shares for a long time (typically 5 to 10 years) and not expect to access your money quickly or easily if you need it for any reason.</p> <p>However, there are some ways that you can sell your shares on AcreTrader and exit your investment earlier if you want to. In this section of the AcreTrader review, I will explain how to sell your shares on AcreTrader and what are the options.</p> <h3 class="wp-block-heading"><strong>Secondary market</strong></h3> <p>The most obvious way to sell your shares on AcreTrader is to use the secondary market that AcreTrader plans to launch soon. The secondary market is a platform that will allow investors to buy and sell shares of existing farmland properties on AcreTrader.</p> <p>The secondary market will provide more liquidity and flexibility for investors who want to sell their shares before the end of the holding period. It will also provide more opportunities and choices for investors who want to buy shares of different properties or diversify their portfolio.</p> <p>However, there are some drawbacks and limitations of using the secondary market. For one thing, there is no guarantee that there will be enough demand or supply for your shares or that you will be able to sell them at a fair price. The secondary market will be subject to market forces and conditions that can affect the value and availability of your shares.</p> <p>For another thing, there may be some fees and taxes involved in selling your shares on the secondary market. You may have to pay a transaction fee to AcreTrader or a broker who facilitates the sale. You may also have to pay capital gains tax on any profit that you make from selling your shares.</p> <p>Therefore, you should be careful and cautious when using the secondary market and do your own research and due diligence before selling your shares.</p> <h3 class="wp-block-heading"><strong>Alternative ways</strong></h3> <p>If you don’t want to use the secondary market or if it is not available yet, there are some alternative ways that you can sell your shares on AcreTrader. These include:</p> <ul><li><strong>Finding a buyer directly:</strong> You can try to find a buyer for your shares directly by using your own network or contacts. You can also use online platforms or forums where investors look for farmland opportunities. However, this may be difficult and time-consuming as you have to find a qualified and interested buyer who meets the accreditation criteria and agrees with your price and terms.</li><li><strong>Using a broker:</strong> You can also use a broker who specializes in farmland transactions to help you find a buyer for your shares. A broker can use their expertise and connections to market your shares and negotiate the best deal for you. However, this may also be costly and risky as you have to pay a commission fee to the broker and trust them with your money and documents.</li><li><strong>Donating or gifting your shares:</strong> Another option that you can consider is donating or gifting your shares to a charity or a family member. This can be a way to support a cause that you care about or transfer wealth to your heirs. However, this may also have some tax implications and legal complications that you should consult with a professional advisor before doing so.</li></ul> <h2 class="wp-block-heading"><strong>How Does AcreTrader Compare to Other Farmland Investing Platforms?</strong></h2> <p>AcreTrader is not the only platform that offers farmland investing opportunities. There are other platforms that have similar business models or different approaches to this asset class. Some of the most popular ones are:</p> <ul><li><strong>FarmTogether: </strong>FarmTogether is an online marketplace that allows accredited investors to buy shares of U.S. farmland and earn rental income from farmers. Unlike AcreTrader, which has a lower minimum investment and a shorter investment horizon, FarmTogether requires at least $10,000 to $50,000 per share and has a typical duration of 10 years or more. FarmTogether also has different fees than AcreTrader, such as a 0.75% annual administration fee and a 1% acquisition fee. These are some of the factors to consider when comparing acretrader vs farmtogether.</li></ul> <ul><li><strong>Harvest Returns:</strong> Harvest Returns is a platform that focuses on sustainable and regenerative agriculture projects around the world. Harvest Returns allows both accredited and non-accredited investors to invest in equity or debt offerings with minimums as low as $5,000. Harvest Returns charges a 2% placement fee and a 1% annual servicing fee for equity offerings and a 1% origination fee for debt offerings.</li></ul> <ul><li><strong>FarmFundr:</strong> FarmFundr is a platform that offers direct ownership of U.S. farmland through LLCs. FarmFundr allows both accredited and non-accredited investors to invest in individual farms with minimums as low as $10,000. FarmFundr charges a 3% acquisition fee and a 1% annual management fee.</li></ul> <p>Here is a table that summarizes some of the key differences between these platforms:</p> <figure class="wp-block-table"><table><tbody><tr><td><strong>Platform</strong></td><td><strong>Minimum Investment</strong></td><td><strong>Fees</strong></td><td><strong>Investment Horizon</strong></td><td><strong>Accreditation</strong></td></tr><tr><td>AcreTrader</td><td>Varies; typically $7,000 – $25,000</td><td>0.75% annual administration fee</td><td>At least 3 years</td><td>Required</td></tr><tr><td>FarmTogether</td><td>Varies; typically $10,000 – $50,000</td><td>0.75% annual administration fee + 1% acquisition fee</td><td>At least 10 years</td><td>Required</td></tr><tr><td>Harvest Returns</td><td>Varies; as low as $5,000</td><td>2% placement fee + 1% annual servicing fee for equity; 1% origination fee for debt</td><td>Varies; typically 5-10 years</td><td>Not required</td></tr><tr><td>FarmFundr</td><td>Varies; as low as $10,000</td><td>3% acquisition fee + 1% annual management fee</td><td>Varies; typically 5-10 years</td><td>Not required</td></tr></tbody></table></figure> <p>Each platform has its own advantages and disadvantages depending on your investment goals, preferences, and budget. </p> <h2 class="wp-block-heading"><strong>What Are The Pros And Cons Of Investing In AcreTrader?</strong></h2> <p>Investing in AcreTrader has its pros and cons. It can offer a unique opportunity to diversify your portfolio, generate passive income, benefit from capital appreciation, and hedge against inflation. But it also involves some risks such as illiquidity, market risk, operational risk, and regulatory risk.</p> <p>In this section of the AcreTrader review, we look at the main advantages and disadvantages of investing in AcreTrader.</p> <h3 class="wp-block-heading"><strong>Pros of investing in AcreTrader</strong></h3> <p>Investing in farmland with AcreTrader has several benefits that make it an attractive alternative asset class for investors who want to diversify their portfolio and generate passive income. Here are some of the pros of investing in AcreTrader::</p> <ul><li><strong>Diverse Asset Class: </strong>Historically, farmland has exhibited limited correlation with various asset classes, including stocks, bonds, and gold. This implies that fluctuations in the stock market or other economic factors do not significantly impact farmland prices. Moreover, in comparison to commercial or residential properties, farmland experiences relatively low price volatility.</li></ul> <ul><li><strong>Lucrative Returns:</strong> Over extended periods, farmland has consistently generated substantial returns. Data from the NCREIF Farmland Index reveals an average annual return of 11% over a 50-year span. These returns stem from two primary sources: rental income and capital appreciation. Rental income is obtained by leasing the land to farmers, who pay fixed or variable rent based on market conditions and the type of crops. Capital appreciation arises from the increase in land value over time, influenced by factors such as population growth, food demand, and land scarcity.</li></ul> <ul><li><strong>Inflation Protection: </strong>Farmland serves as an effective hedge against inflation since its value tends to rise with increasing inflation. This is attributed to the fact that farmland produces tangible assets in the form of crops, which possess inherent value and are essential for human consumption. As inflation escalates, driving up the cost of living and diminishing the purchasing power of currency, farmland prices also surge to reflect the heightened worth of crops and land.</li></ul> <ul><li><strong>Tax Advantages: </strong>Investors who retain their ownership of farmland for over one year can enjoy certain tax benefits. These advantages encompass lower capital gains tax rates, ranging from 15% to 20% based on their income bracket, as opposed to ordinary income tax rates that can reach up to 37%. Additionally, depreciation deductions are available to offset a portion of the rental income earned from the farmland.</li></ul> <p><strong><em>Source:</em></strong> <em>NCREIF Farmland Index data from 1970 to 2020.</em></p> <h3 class="wp-block-heading"><strong>Cons of investing in AcreTrader</strong></h3> <p>Investing in farmland with AcreTrader also involves some risks that investors should be aware of before making any investment decisions. Here are some of the possible cons of investing in AcreTrader:</p> <ul><li><strong>Illiquidity: </strong>Farmland represents an asset with limited liquidity, making it challenging to convert into cash without experiencing some loss in value or incurring associated costs. Consequently, investors must be prepared to retain their shares for extended periods, typically ranging from 5 to 10 years, without the expectation of quick or easy access to their funds. Although AcreTrader has plans to introduce a secondary market, enabling investors to sell their shares prior to the completion of the holding period, there is no guarantee that sufficient demand or supply for these shares will exist, nor that they can be sold at a fair price.</li></ul> <ul><li><strong>Market risk:</strong> The value of farmland is susceptible to market forces that can positively or negatively impact its worth, influenced by factors like crop and land supply and demand, interest rates, commodity prices, trade policies, and environmental regulations. These variables can undergo unpredictable changes, leading to fluctuations in farmland prices that may not accurately reflect its intrinsic value or long-term potential.</li></ul> <ul><li><strong>Operational risk: </strong>Farmland operations are exposed to operational risks capable of affecting performance and profitability, including adverse weather conditions, pest infestations, crop failures, soil degradation, water shortages, and more. If not adequately managed or mitigated, these risks can diminish or eliminate rental income from farmers and degrade the value of the land over time.</li></ul> <ul><li><strong>Regulatory risk:</strong> Investing in farmland carries regulatory risks that can impact the legal and financial viability of such investments, including zoning laws, environmental regulations, tax laws, and other relevant factors. These risks are subject to change and can influence the legal status, ownership rights, tax obligations, and environmental impact of the farmland properties. Investors should familiarize themselves with the applicable local, state, and federal laws and regulations governing their farmland investments and seek guidance from professional advisors as necessary.</li></ul> <p>As you can see, investing in AcreTrader has its pros and cons. It can offer a unique opportunity to diversify your portfolio, generate passive income, benefit from capital appreciation, and hedge against inflation. But it also involves some risks such as illiquidity, market risk, operational risk, and regulatory risk.</p> <h2 class="wp-block-heading"><strong>Is AcreTrader A Good Investment Option For You?</strong></h2> <p>While reading this AcreTrader review, you may be wondering if AcreTrader is a good investment option for you. The answer to this question depends on your personal goals, preferences, and circumstances. There is no one-size-fits-all answer that applies to everyone.</p> <h3 class="wp-block-heading"><strong>Who should invest in AcreTrader?</strong></h3> <p>Investing in AcreTrader may be suitable for you if you:</p> <ul><li>Are an accredited investor who meets the income or net worth criteria set by the SEC.</li><li>Have a long-term investment horizon and can hold your shares for 5 to 10 years or longer.</li><li>Have a high risk tolerance and can handle the market risk, operational risk, and regulatory risk of farmland investing.</li><li>Have a large capital base and can afford the minimum investment amount of $7,000 to $25,000 per property.</li><li>Want to diversify your portfolio with a different asset class that has low correlation with other asset classes.</li><li>Want to generate passive income from rental payments paid by farmers who lease the land from AcreTrader.</li><li>Want to benefit from capital appreciation from the increase in land value over time due to factors such as population growth, demand for food, scarcity of land, etc.</li><li>Want to hedge against inflation by investing in real assets (crops) that have intrinsic value and are essential for human consumption.</li></ul> <h3 class="wp-block-heading"><strong>Who should not invest in AcreTrader?</strong></h3> <p>Investing in AcreTrader may not be suitable for you if you:</p> <ul><li>Are not an accredited investor who meets the income or net worth criteria set by the SEC.</li><li>Have a short-term investment horizon and need liquidity or access to your money quickly or easily for any reason.</li><li>Have a low risk tolerance and cannot handle the market risk, operational risk, and regulatory risk of farmland investing.</li><li>Have a small capital base and cannot afford the minimum investment amount of $7,000 to $25,000 per property.</li><li>Do not want to diversify your portfolio with a different asset class that has low correlation with other asset classes.</li><li>Do not want to generate passive income from rental payments paid by farmers who lease the land from AcreTrader.</li><li>Do not want to benefit from capital appreciation from the increase in land value over time due to factors such as population growth, demand for food, scarcity of land, etc.</li><li>Do not want to hedge against inflation by investing in real assets (crops) that have intrinsic value and are essential for human consumption.</li></ul> <h3 class="wp-block-heading"><strong>Tips and best practices for investing in AcreTrader</strong></h3> <p>If you decide to invest in AcreTrader, here are some tips and best practices that can help you optimize your investment experience and results:</p> <ul><li><strong>Do your own research and due diligence before investing in any farmland property on AcreTrader.</strong> Read the offering documents carefully and understand the risks and returns of each property. Compare the properties based on factors such as location, crop type, investment type, minimum investment, expected returns, etc. Ask questions and seek clarifications from AcreTrader’s team if needed.</li><li><strong>Diversify your portfolio across different properties, regions, and crop types.</strong> This can reduce your exposure to specific risks and increase your chances of success. AcreTrader recommends that you invest in at least 3 to 5 properties to achieve adequate diversification. You can also diversify your portfolio across different asset classes such as stocks, bonds, gold, etc. to further reduce your overall risk and volatility.</li><li><strong>Monitor your portfolio performance and valuation regularly.</strong> AcreTrader provides online dashboards and updates that show your portfolio performance and returns. You can also use data and analytics tools such as Farm Value Tool or Learning Center to track factors such as crop yields, market prices, land appreciation, etc. You can also contact AcreTrader’s team if you have any questions or concerns about your portfolio.</li></ul> <ul><li><strong>Be patient and disciplined. </strong>Investing in farmland with AcreTrader is a long-term and committed investment that requires patience and discipline. You should not expect to see quick or easy returns from your investment. You should also not panic or sell your shares prematurely if you see any fluctuations or challenges in the farmland market. You should stick to your investment plan and goals and trust AcreTrader’s expertise and experience to manage and optimize your investment.</li><li><strong>Take advantage of the secondary market when it launches. </strong>The secondary market will provide more liquidity and flexibility for investors who want to sell their shares before the end of the holding period. It will also provide more opportunities and choices for investors who want to buy shares of different properties or diversify their portfolio. However, you should be careful and cautious when using the secondary market and do your own research and due diligence before buying or selling any shares.</li></ul> <h2 class="wp-block-heading"><strong>Final Thoughts</strong></h2> <p>AcreTrader can be a great way to diversify your portfolio, generate passive income, benefit from capital appreciation, and hedge against inflation. However, it also comes with some risks such as illiquidity, market risk, operational risk, and regulatory risk. Therefore, you should do your own research and due diligence before investing in any farmland property on AcreTrader.</p> <p>I hope you found this AcreTrader review for 2023 helpful and informative. If you are interested in investing in farmland online with AcreTrader, you can visit their <a href="https://acretrader.com/" data-type="URL" data-id="https://acretrader.com/">website </a>and sign up for an account. You can also read their blog and learn more about farmland investing.</p> <p>Thank you for reading this AcreTrader review and happy investing!</p> <h2 class="wp-block-heading"><strong>FAQ</strong></h2> <p>Here are some of the frequently asked questions (FAQ) about AcreTrader and investing in farmland online:</p> <h3 class="wp-block-heading">How much money can I make with AcreTrader?</h3> <p>The amount of money you can make with AcreTrader depends on the performance and valuation of the farmland properties you invest in. You can earn income from rent and capital gains from land appreciation. Historically, farmland has an average annual return of 11% over a 50-year period.*</p> <h3 class="wp-block-heading">How safe is my investment with AcreTrader?</h3> <p>Your investment with AcreTrader is not guaranteed or insured by any government agency or entity. You may lose some or all of your investment if the farmland properties perform poorly or lose value due to various factors such as market risk, operational risk, regulatory risk, etc.</p> <h3 class="wp-block-heading">How do I pay taxes on my investment with AcreTrader?</h3> <p>You will receive a Form K-1 from AcreTrader at the end of each tax year that will report your share of income and expenses from the farmland properties you invest in. You will have to report this information on your tax return and pay any taxes due. You may also have to pay capital gains tax when you sell your shares or when AcreTrader sells the property at the end of the holding period.</p> <h3 class="wp-block-heading">Can I visit the farmland properties I invest in?</h3> <p>Yes, you can visit the farmland properties you invest in with AcreTrader. However, you will have to coordinate with AcreTrader’s team and follow their guidelines and policies for visiting the properties. You will also have to respect the privacy and rights of the farmers who lease the land from AcreTrader.</p> <h3 class="wp-block-heading">What are the fees for using AcreTrader?</h3> <p>AcreTrader charges a one-time fee of 0.75% to 2.5% of the purchase price when you invest in a farmland property on their platform. This fee covers the costs of due diligence, legal work, entity formation, etc. AcreTrader also charges an annual management fee of 0.5% to 1% of the property value that covers the costs of administration and property management.</p> <h3 class="wp-block-heading">How do I contact AcreTrader’s customer service?</h3> <p>You can contact AcreTrader’s customer service by phone at (844) 732-7656 or by email at support@acretrader.com. You can also use their online chat feature on their website or submit a request form on their contact page.</p> <h3 class="wp-block-heading">What are some alternatives to AcreTrader?</h3> <p>Some alternatives to AcreTrader are FarmTogether, Harvest Returns, FarmFundr, etc. These are also platforms that let you invest in farmland online with different features and offerings. You should compare these platforms and choose the one that best suits your goals and preferences.</p> <h3 class="wp-block-heading">Is AcreTrader legit?</h3> <p>Yes, AcreTrader is legit. It was founded in 2018 and is registered with the SEC as an exempt reporting adviser. It has also been featured on reputable media outlets such as Forbes, Business Insider, CNBC, etc. It has also received positive reviews and testimonials from existing investors who have invested in farmland online with AcreTrader.</p> <h3 class="wp-block-heading">How long do I have to hold my investment?</h3> <p>You have to hold your investment for at least three years with AcreTrader. This is because most lease contracts have a duration of three years or more. After that period, you can sell your shares through AcreTrader’s secondary market or wait for AcreTrader to sell the farm and distribute the proceeds.</p> <h3 class="wp-block-heading">How do I receive my dividends and capital gains?</h3> <p>You will receive your dividends from rent payments on a quarterly or annual basis depending on the farm. You will receive your capital gains from land appreciation when you sell your shares or when AcreTrader sells the farm1. Both dividends and capital gains will be deposited into your bank account or wire transfer information.</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/acretrader-review/">AcreTrader Review 2023: A Smart Way to Invest in Farmland?</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></content:encoded> </item> <item> <title>Groundfloor Review 2022: Should You Invest?</title> <link>https://www.moneyvanguard.com/groundfloor-review/</link> <dc:creator><![CDATA[Carter Taylor]]></dc:creator> <pubDate>Mon, 25 Oct 2021 05:22:15 +0000</pubDate> <category><![CDATA[Investing]]></category> <category><![CDATA[Real Estate]]></category> <category><![CDATA[Reviews]]></category> <category><![CDATA[alternative investments]]></category> <category><![CDATA[diversified investment]]></category> <category><![CDATA[ground floor investment]]></category> <category><![CDATA[groundfloor]]></category> <category><![CDATA[groundfloor app review]]></category> <category><![CDATA[groundfloor for beginners]]></category> <category><![CDATA[groundfloor hard money loan]]></category> <category><![CDATA[groundfloor investing]]></category> <category><![CDATA[groundfloor investing review]]></category> <category><![CDATA[groundfloor investment]]></category> <category><![CDATA[groundfloor legit]]></category> <category><![CDATA[groundfloor loans]]></category> <category><![CDATA[groundfloor real estate reviews]]></category> <category><![CDATA[groundfloor returns]]></category> <category><![CDATA[groundfloor review]]></category> <category><![CDATA[groundfloor vs fundrise]]></category> <category><![CDATA[groundfloor website]]></category> <category><![CDATA[how to offer a hard money loan]]></category> <category><![CDATA[how to use groundfloor]]></category> <category><![CDATA[invest on groundfloor for beginners]]></category> <guid isPermaLink="false">https://www.moneyvanguard.com/?p=3071</guid> <description><![CDATA[<p>If you’re not an accredited investor but want to enter into the potentially profitable realm…</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/groundfloor-review/">Groundfloor Review 2022: Should You Invest?</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></description> <content:encoded><![CDATA[<p>If you’re not an accredited investor but want to enter into the potentially profitable realm of real estate crowdfunding, you’re in luck. This in-depth Groundfloor review for 2022 explains how the platform works, its benefits and drawbacks, if it’s legitimate, and whether it could be a suitable match for you.</p> <h2 class="wp-block-heading" id="h-what-is-groundfloor">What is Groundfloor?</h2> <p>Groundfloor is a real estate investment platform focused on residential property loans for fix-and-flippers. Short-term debt is used by these borrowers to purchase a property, repair it, and then either refinance it as a rental or sell it for a profit.</p> <p>Groundfloor is a real estate investment platform that provides hard-money loans for particular projects and then sells portions of those loans to investors who receive interest on the money they loaned to fund the project. A hard-money loan is a loan backed by a “hard” asset, such as real estate, that is expected to generate a return in order to repay the debt promptly.</p> <p>These loans vary from regular mortgages, which are secured by the value of a property and guaranteed by the borrower’s capacity to repay the loan over 15 to 30 years in monthly payments. These are business loans, and the borrower intends to use the cash to increase the value of a property that they want to sell for a profit.</p> <p>Groundfloor is a real estate investment platform that allows investors, both accredited and unaccredited, to finance these short-term, high-yield loans for as little as $10 per loan.</p> <p>Groundfloor also provides a diversified notes product and a savings app called Stairs, both of which are backed by fix-and-flip loans.</p> <h2 class="wp-block-heading" id="h-how-does-groundfloor-work">How Does Groundfloor Work?</h2> <p>To begin, you must connect your checking or other specified account to your Groundfloor account and fund it. You send cash and then pick which project(s) to invest in after your Groundfloor account is funded. You may access additional details on each loan’s detail page after browsing the overview page of loans being financed on the platform. You pick when to invest, how much to invest, and where to invest.</p> <p>Investors have up to 45 days to finance the loan once the offering is offered for financing. The loan is usually for six to twelve months, although it may be shorter or longer.</p> <p>You’re really buying a Limited Recourse Obligation (LRO), which is a debt instrument issued by Groundfloor. The LRO you’re purchasing is for the project you’ve decided to support. The success of each LRO is decided by the success of the borrower’s loan.</p> <p>You become a creditor to Groundfloor after you acquire an LRO. The LRO is repaid when the borrower repays the loan in which you invested.</p> <p>Groundfloor is licensed to conduct business in California, Georgia, Illinois, Maryland, Massachusetts, Texas, Virginia, Washington, and Washington, D.C. by the Securities and Exchange Commission (SEC). The firm intends to grow to other states and, ultimately, to the whole country.</p> <p>Most customers who want to borrow money from Groundfloor are turned down by their due diligence team, which is made up of professionals with real estate expertise. However, there are no assurances; if you invest in a loan and it defaults, you may lose your whole investment.</p> <p>The money isn’t liquid while it’s in the loan. You won’t be able to sell it to another investor or cash it out. You’ll get interest on top of the loan after the principle is repaid. You’ll be able to either reinvest or withdraw the funds to your bank account.</p> <p>Groundfloor has given $38 million to 318 projects thus far. Investors have got an average return of 10% thus far.</p> <p>Groundfloor’s single largest benefit is the ability to invest in private real estate without being an authorized investor. To be clear, certain other sites, like Modiv Fundrise, enable non-accredited individuals to engage in private real estate via real estate investment trusts (REITs). For example, Fundrise manages a private REIT that provides investors with access to private real estate. Groundfloor is unique in that, rather than investing in a management company, it gives direct access to private real estate.</p> <h2 class="wp-block-heading" id="h-groundfloor-features-and-benefits">Groundfloor Features And Benefits</h2> <p><strong>Accounts that are available: </strong>Traditional, rollover, Roth, SEP, and SIMPLE IRAs, as well as solo 401(k) accounts, are all taxable investment accounts.</p> <p><strong>Fees.</strong> Investors do not have to pay any fees to utilize the Groundfloor platform or to invest in LROs.</p> <p><strong>Customer Support.</strong> Monday through Friday, 9:00 a.m. to 5:00 p.m. Eastern Time, via phone or email.</p> <p><strong>Dividend distributions. </strong>There are no dividend payments. As each loan is repaid, both the income and the principle invested are returned. Groundfloor is different from other real estate crowdfunding sites in that it does not pay out monthly payments.</p> <p><strong>Platform security. </strong>Groundfloor encrypts all data with an AES 256-bit symmetric key to keep it secure.</p> <p><strong>Limited liquidity. </strong>Despite the fact that loan investments are short-term, you must stay committed until the debt is paid off. If you wish to get out of an investment early, there is no liquidity available.</p> <p><strong>Availability.</strong> Investors from all 50 states are welcome to participate (since January, 2018).</p> <p><strong>Minimum initial investment.</strong> LROs are available for purchase in $10 increments.</p> <h2 class="wp-block-heading" id="h-groundfloor-review-pros-cons-of-groundfloor">Groundfloor Review: Pros & Cons Of Groundfloor</h2> <p>When it comes to utilizing the real estate crowdfunding platform as an investor or a borrower, there are both advantages and disadvantages.</p> <h3 class="wp-block-heading" id="h-groundfloor-pros">Groundfloor Pros</h3> <ul><li>This platform enables you to automatically reinvest the principle and interest payments on your note investments.</li><li>The investor retains control of the situation.</li><li>It’s simple to create a Groundfloor account.</li><li>Traditional mortgage loans on properties allow investors to receive monthly cash flow.</li><li>Investments in self-directed IRAs are permitted.</li><li>A minimal minimum investment of $10 is needed, which is much less than the average minimum investment in the real estate crowdfunding business.</li><li>Every 30 days, the loan status is updated.</li><li>There are no costs for investors.</li><li>A simple way to boost your personal finances by investing in a different asset.</li><li>Deal flow is quick.</li><li>Non-accredited investors who want to diversify their investment portfolio with real estate may use the site.</li></ul> <h3 class="wp-block-heading" id="h-groundfloor-cons">Groundfloor Cons</h3> <ul><li>A limited number of loans are available.</li><li>Borrower’s personal guarantee is not required for delayed loans.</li><li>To see investment information, you must first join up.</li><li>Some investments are “delayed,” meaning they have no current cash flow (investors are paid in a lump-sum at the end)</li></ul> <h2 class="wp-block-heading" id="h-groundfloor-returns-what-should-you-expect">Groundfloor Returns: What should you expect?</h2> <p>Diversification is the key to effective Groundfloor investment. Even if losses occur, investors who diversify their portfolios among a broad range of loans should expect to earn high overall rates of return.</p> <p>According to Groundfloor’s calculations, a model portfolio consisting of an equal investment in 1,545 repaid loans as of July 2021 would have produced an annualized net return of 9.98 percent. According to the same diversification study, a model portfolio with equal investments in all 1,545 loans repaid to date would have had a loss ratio of -0.69%.</p> <h2 class="wp-block-heading" id="h-groundfloor-management">Groundfloor Management</h2> <p>Groundfloor is managed by a talented group of experts with experiences ranging from investment banking to real estate to technology.</p> <p>The staff includes expertise in each of their professions, led by CEO Brian Dally, who has a Harvard MBA as well as a law degree.</p> <p>The real estate crowdfunding platform’s workforce has a wealth of expertise and understanding in the building and home restoration industries.</p> <p>These employees examine and evaluate all refurbishment plans as well as the budget for all loans and real estate projects.</p> <h2 class="wp-block-heading" id="h-who-can-profit-from-groundfloor">Who Can Profit from Groundfloor?</h2> <p>Groundfloor may be a good investment for you if you’re ready to take on a little more risk in exchange for a little more money. Groundfloor might be used in a well-diversified portfolio to replace high-yield bonds, but the assets aren’t as liquid. And the minimum investment for each project is just $10!</p> <p>Groundfloor is a good option for investors that don’t require cash and are ready to take risks. It’s a low-key method to become involved in the fix-and-flip game. Many investors will be interested in this.</p> <p>Borrowers that fulfill Groundfloor’s stringent requirements will be offered low-cost loans with attractive conditions for flippers. The majority of Groundfloor’s borrowers choose for the delayed payment option, which allows them to avoid making loan payments throughout the repair and flip process. As a borrower, you should think about this option.</p> <h2 class="wp-block-heading" id="h-what-makes-groudfloor-so-great">What Makes Groudfloor So Great?</h2> <p>There are a slew of additional crowdfunding services that aggregate money from investors. You may have heard of Lending Club, for example.</p> <p>A borrower may acquire a $10,000 loan at 12% interest to consolidate credit card bills in a typical transaction, and that loan is supported by hundreds of investors like you and me, who can buy into it one $25 note at a time.</p> <p>The loans on the Groundfloor are similar, except they are secured by real estate. On their site, you can generally see samples of current offers, and you may sign up for an account (at no cost) to view loans that have already been financed as well as those that are now being funded.</p> <h2 class="wp-block-heading" id="h-groundfloor-review-final-thoughts">Groundfloor Review: Final Thoughts</h2> <p>Groundfloor may be a good investment for you if you’re ready to take on a little more risk in exchange for a little more money. This platform is for investors that don’t want liquidity and are prepared to take risks. It’s a low-risk method to enter into real estate investing’s fix-and-flip game. However, before investing, make sure you’re aware of the hazards associated with crowdfunding sites and that you’ve done your homework.</p> <h2 class="wp-block-heading" id="h-faq-about-groundfloor">FAQ About GroundFloor</h2> <h3 class="wp-block-heading" id="h-is-groundfloor-legit-or-scam"> <strong>Is Groundfloor Legit or Scam?</strong></h3> <p>Groundfloor’s deal offers aren’t as extensive or clear as those on other crowdfunding platforms, and its business model has led to investor accusations that Groundfloor’s due diligence isn’t up to pace.</p> <p>Your credit default rate suggests that more stringent due diligence could be able to compensate for the credit defaults. Of course, if you support Groundfloor’s large number of sales, there will be more deals that don’t go as planned.</p> <h3 class="wp-block-heading" id="h-what-is-the-minimum-groundfloor-investment">What is the Minimum Groundfloor Investment?</h3> <p>The minimal investment is $10 and there is no cost to invest on the bottom level. Because of the low minimum, it’s simple to distribute your investment risk over a broad range of projects while maintaining a low risk of loss for each loan and avoiding unnecessary exposure to the Groundfloor platform.</p> <p>Investing $10 will, of course, provide a little profit. According to management, the typical person invests $3,000 in the first month, $8,000 after a year, and $20,000 after three years.</p> <h3 class="wp-block-heading" id="h-what-types-of-loans-does-groundfloor-offer">What Types of Loans Does Groundfloor Offer?</h3> <p>The website provides real estate-backed hard money loans with interest rates ranging from 2% to 4.5 percent.</p> <p>Individual investors may then put their money to work generating interest by placing the loans on the marketplace for financing.</p> <p>These loans may provide substantial rewards, but they also carry a high level of risk.</p> <h3 class="wp-block-heading" id="h-going-mobile-is-there-a-groundfloor-app">Going mobile: Is there a Groundfloor app?</h3> <p>Groundfloor’s investment platform does not have a mobile app. It does, however, have a mobile-friendly website and is speeding up the creation of an app.</p> <p>In addition, in late 2021, Groundfloor introduced Stairs, a new mobile savings app. It combines the convenience of a savings account with the real-world profits of investing in one package. Users may earn 4 percent to 6 percent yearly interest on their cash using Stairs.</p> <h3 class="wp-block-heading" id="h-who-is-the-groundfloor-borrower">Who is the Groundfloor Borrower?</h3> <p>The classic real estate flipper is the Groundfloor borrower. They intend to gather funds to purchase houses that are in need of repair, remodel them, and then resell them for a profit.</p> <p>They attempt to do all of this as soon as possible, usually within six to twelve months. The origination expenses of a standard mortgage might be excessively high given the shorter time period of these projects.</p> <p>Groundfloor is popular among real estate flippers because of this. The loan duration is shorter, and repayment is simpler with a single balloon payment rather than smaller monthly instalments.</p> <p>The properties that the money is utilized for repay all of the loans. They’re personal guarantees on full recourse loans. The borrower has a legal claim to not just the property but also the borrower’s personal wealth if the loan is defaulted on.</p> <p>For its debtors, Groundfloor has minimal quality standards, such as a credit score of 640. Remember that prior flipping expertise isn’t required, so have a look at the borrower profiles before you buy.</p> <h3 class="wp-block-heading" id="h-who-are-groundfloor-s-competitors">Who are Groundfloor’s Competitors?</h3> <p>Anyone acquainted with crowdfunding would recognize that there are several online real estate investing platforms available.</p> <p>Groundfloor is unusual in that it offers real estate-backed short-term debt investments. The majority of their rivals exclusively provide real estate equity investments.</p> <p>Before deciding where to invest, have a look at Groundfloor’s primary rivals.</p> <h3 class="wp-block-heading" id="h-who-shouldn-t-use-groundfloor">Who Shouldn’t Use Groundfloor?</h3> <p>Groundfloor isn’t a good investment for someone who requires a lot of cash. Don’t utilize Groundfloor if you need money to pay for school, purchase a vehicle, or start a company. People who are already committed to a certain investing plan will not need investment services.</p> <p>An investor who isn’t comfortable with genuine risk should avoid Groundfloor. Investing in Groundfloor entails more than just enduring market volatility. You must believe that marketplace lending is a decent approach to spend your hard-earned money.</p> <h3 class="wp-block-heading" id="h-does-groundfloor-pay-monthly">Does Groundfloor Pay Monthly</h3> <p>Borrowers are not required to make payments once the loan closes until the debt is repaid. To be on the platform, Groundfloor charges borrowers 2% to 4.5 percent of the loan amount. Some loans (about 10% to 20% of total loans offered) also include a monthly interest payment.</p> <h3 class="wp-block-heading" id="h-how-does-groundfloor-make-money">How does Groundfloor Make Money?</h3> <p>Investors are not charged any fees by Groundfloor. While some real estate investment crowdfunding platforms charge a 1-2 percent “spread” between what the borrower pays and what the investor receives, Groundfloor charges borrowers an origination fee (typically around 4%), as well as a variety of other administration and processing fees, bringing their fees in line with similar platforms.</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/groundfloor-review/">Groundfloor Review 2022: Should You Invest?</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></content:encoded> </item> <item> <title>Why Is Investing in Human Capital Beneficial?</title> <link>https://www.moneyvanguard.com/why-is-investing-in-human-capital-beneficial/</link> <dc:creator><![CDATA[Michael Webb]]></dc:creator> <pubDate>Thu, 12 Aug 2021 08:43:00 +0000</pubDate> <category><![CDATA[Business]]></category> <guid isPermaLink="false">https://www.moneyvanguard.com/?p=3016</guid> <description><![CDATA[<p>If you are reading this article, chances are that you are an entrepreneur or a…</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/why-is-investing-in-human-capital-beneficial/">Why Is Investing in Human Capital Beneficial?</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></description> <content:encoded><![CDATA[<p>If you are reading this article, chances are that you are an entrepreneur or a small business owner.</p> <p>If so, then the question is: how do I invest in human capital? The answer to this question is simple and it revolves around investing in your employees.</p> <h2 class="wp-block-heading" id="h-why-can-this-be-beneficial-to-your-enterprise">Why Can This Be Beneficial to Your Enterprise? </h2> <p>Human capital investment is beneficial to any type of organization, whether it’s a manufacturing firm, retail store, or service industry.</p> <p>Studies have shown that businesses with higher levels of staff skill and training reported handsome profits as well as positive financial reports. On average, companies were able to increase their market value by more than 20% after embarking in a training program for all of their employees.</p> <p>Investing in your workforce will improve productivity and profitability by creating an environment where every employee feels that they get compensated fairly for the work that they do. It also helps with retention rates since satisfied employees are more likely to remain with the company.</p> <p>A well-trained and efficient staff works better together to build a strong foundation for the organization. And lastly, they are more motivated and excited about their work so they will be more productive and innovative.</p> <h2 class="wp-block-heading" id="h-who-should-take-advantage-of-investing-in-human-capital">Who Should Take Advantage of Investing in Human Capital?</h2> <p>Even though small businesses have a lot to gain from investing in human capital, it’s not only them who can take advantage of it. Large corporations, small businesses and non-profit organizations can also benefit from this process.</p> <p>In terms of large companies, human capital is more essential to them since they have a lot of employees working in all different positions. For instance, the call center department alone could range anywhere from 5 up to 200 people who handle calls 24/7. If they are not properly trained, then the company could fail to provide excellent customer service. So investing in human capital is necessary for them and that’s why they must seek out experts that can help train their employees.</p> <p>In terms of small businesses, it would be helpful if they invest in human capital as well since this approach will do wonders for them. It can help prevent employee turnover and improve their business results. Most importantly, it will create an environment where the employees are happy to be a part of the company and they work with each other as a team.</p> <h2 class="wp-block-heading" id="h-how-do-you-invest-in-human-capital">How Do You Invest in Human Capital?</h2> <p>Investing in human capital can be achieved by re-training the current staff, working with outside consultants and hiring more employees. All of these approaches will improve the company’s bottom line, enhance its performance and establish an excellent culture of work for all.</p> <p>If you choose to hire new employees, then make sure that they have the right skillset because it won’t be beneficial if they aren’t knowledgeable about their specific role. Also, consider outsourcing some parts of your business such as customer service or technical support so you can add more value to a highly skilled part of your company such as sales or marketing.</p> <h2 class="wp-block-heading" id="h-what-are-the-benefits-of-investing-in-human-capital">What Are the Benefits of Investing in Human Capital? </h2> <p>One of the biggest benefits of investing in human capital is that it creates and sustains a competitive advantage. It can even help transform an average company to one that’s highly successful. Since human capital focuses on educating your employees, you’ll see a change in their attitude as well as performance. Employees will have better attitudes because they are more confident about their job and they’ll be more motivated to work harder.</p> <p>They are also likely to bring positive changes to the culture of your organization, which will create a better office environment. In general, there is a lot of value that human capital can provide for any size business so it’s important to make it part of your overall strategic approach.</p> <h2 class="wp-block-heading" id="h-the-cost-of-not-investing-in-human-capital">The Cost of Not Investing in Human Capital</h2> <p>If you don’t invest in human capital, you’re missing out on some great opportunities for your business and it will be detrimental to its growth. You won’t be able to offer the best customer service or retain high-quality employees. And as a result, your company will suffer from a lack of productivity and efficiency which equals low profits and poor financial situation.</p> <p>Moreover, in the case of large companies, they will be much more likely to lose customers and see a decline in sales if their employees fail to meet customer needs and expectations. In short, human capital can give your business a competitive advantage that you can’t afford to miss out on.</p> <h2 class="wp-block-heading" id="h-what-are-the-limitations-of-investing-in-human-capital">What Are the Limitations of Investing in Human Capital?</h2> <p>Investing in human capital doesn’t come without limitations or drawbacks. One of the biggest issues with this process is that it requires a lot of time and effort since you’ll have to hire consultants, retrain employees and spend resources on new hires. And if you choose to re-train your staff, then there will be more costs associated with it as well.</p> <p>There are also other limitations such as not being able to keep your employees motivated, decrease in efficiency and productivity if they aren’t trained properly and having a hard time finding the right people for your business. Make sure that you evaluate all of these factors before deciding on your approach so you can avoid any problems later on.</p> <h2 class="wp-block-heading" id="h-investing-in-human-capital-wisely-and-often">Investing in Human Capital Wisely and Often. </h2> <p>To make sure that you’re investing in human capital wisely, you need to have a plan in place first so it won’t be a haphazard approach. Take some time to evaluate your business and its goals, determine the areas that need improvement and then identify what you can do to improve them.</p> <p>You must have a metric in place so you know when you’re successful at improving specific areas of your business. It will be beneficial to hire an outside consultant for assistance because they’ll bring a different perspective to your business and offer new ideas to help you improve it.</p> <p>Change can be hard, but adopting a growth strategy is one of the best steps that you can take to grow your organization in the long-run so it’s worth putting in all of the work required.</p> <p>Furthermore, as mentioned before, some employees may not like change which could mean that they may not be a good fit for the company. Make sure that you evaluate and assess them so they’re not wasting your time or creating any obstacles along the way.</p> <h2 class="wp-block-heading" id="h-training-your-workforce-for-success-from-day-one">Training Your Workforce for Success From Day One.</h2> <p>Investing in training for your workforce can mean the difference between success and failure.</p> <p>Investing in employees with the right skills to grow and scale the company is critical to a business’ long-term viability, regardless of industry or company size. For this reason, it’s important not only to allocate resources and budget but also create an environment where they’re engaged, happy, productive and committed with what they do every day.</p> <p>Allocating proper budgets upfront will ensure that you succeed from day one by getting ahead of any issues that might crop up later on down the line due to lack of investment in human capital early on such as employee resistance or low morale; both leading drivers of high staff turnover rates for businesses once identified too late into their lifecycle.</p> <h2 class="wp-block-heading" id="h-develop-your-employees-skillsets-over-time-with-training-and-development-programs">Develop Your Employees’ Skillsets Over Time With Training and Development Programs.</h2> <p>The most important part of training your employees is finding ways to develop their skillsets over time in a manner that’s meaningful, measurable and relevant. It starts with defining goals and establishing an action plan to achieve them.</p> <p>Although measuring results may be easy for some jobs, others require more creativity when it comes to decision-making which can make the process more difficult.</p> <p>To help you get started, there are some online courses that can help you identify the goals and action plans that your workforce needs to know in order to reach them. The key is to have a clear understanding of what your organization needs to become successful in the competitive landscape so it’s easier to find ways for employees to do so.</p> <p>The other important thing to keep in mind is that the training needs will change over time for both the employee and the organization. As such, it’s vital to revisit them on a regular basis to see if they still make sense and can be updated.</p> <h2 class="wp-block-heading" id="h-final-thoughts">Final Thoughts</h2> <p>Investing in your employees is the best way to improve productivity, morale, and profitability. Employees make up 90% of your company’s labor force and they can be considered as one of your most valuable assets. </p> <p>A well-trained workforce will improve morale, reduce turnover rate, increase productivity and maximize profitability. If you are looking for a cost-effective solution that will have an immediate impact on your business goals, investing in human capital may be what’s missing from your plan. </p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/why-is-investing-in-human-capital-beneficial/">Why Is Investing in Human Capital Beneficial?</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></content:encoded> </item> <item> <title>Best Part-Time Jobs With Health Insurance and Other Benefits In 2022</title> <link>https://www.moneyvanguard.com/part-time-jobs-health-insurance/</link> <dc:creator><![CDATA[Ramona Peck]]></dc:creator> <pubDate>Fri, 30 Apr 2021 14:13:00 +0000</pubDate> <category><![CDATA[Careers]]></category> <guid isPermaLink="false">https://www.moneyvanguard.com/?p=2968</guid> <description><![CDATA[<p>It’s a common career dilemma. You get a part-time job you like, paying decent money…</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/part-time-jobs-health-insurance/">Best Part-Time Jobs With Health Insurance and Other Benefits In 2022</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></description> <content:encoded><![CDATA[<p>It’s a common career dilemma. You get a part-time job you like, paying decent money and it has all the perks but it doesn’t offer health insurance or other benefits. In this post, we list down some of the best part-time jobs with health insurance and other benefits in 2022 so your quality of life is not affected by settling for less than perfect work conditions.</p> <p>Employers should provide health care to part-time employees because it is a prerequisite for the Affordable Care Act, and there are not enough jobs out there. When employers offer these benefits they help satisfy their obligations as well as remove barriers that prevent people from getting good healthcare coverage.</p> <p>You’re in luck if you need a part-time job to get your health care. We found 12 big companies that offer health insurance and other great benefits for their part-timers! Some of the best options are with excellent benefits, so don’t hesitate to apply today.</p> <h3 class="wp-block-heading" id="h-walmart"><strong>Walmart</strong></h3> <p>Walmart is another area to opt for part-time work and health care. This retail store offers health insurance to all part-time and full-time employees. Most staff may work an average of 30 hours a week, but certain part-time jobs might be eligible for as few as 24 hours per week.</p> <p>Other appealing aspects of Walmart’s rewards program include tuition assistance for preparation, degrees, or qualifications related to retail jobs. Workers are also eligible for incentives depending on store results, which are provided to all full-time and part-time employees.</p> <p>Finally, Walmart might be the place for you if you choose to turn a part-time job into a full-time job. It claims to have converted 175,000 part-time employees to full-time status in 2019.</p> <h3 class="wp-block-heading" id="h-amazon"><strong>Amazon</strong></h3> <p>The internet store has facilities and branches throughout the United States, and part-time workers who operate 20 or more hours a week are eligible for health care. In addition to prescription plans, Amazon allows part-time employees to participate in oral and eye care plans.</p> <p>In addition, Amazon offers a 401(k) plan with a 50 percent match to up to 4% of workers’ salaries (for a total match worth 2 percent ). Part-time employers may still utilize pretax wages to fund eligible health-care and dependent-care costs by flexible expenditure accounts (FSAs).</p> <h3 class="wp-block-heading" id="h-starbucks"><strong>Starbucks</strong></h3> <p>Part-time workers became qualified for health benefits by doing 240 hours of overtime over the span of three months (an average of 20 hours per week). They must retain this average in order to be eligible for health care. Health, dental, and vision plans are both available from Starbucks.</p> <p>Part-time workers at Starbucks may also take advantage of other useful perks. Its “College Achievement Plan” covers the whole cost of enrollment for online bachelor’s degree programs at Arizona State University. Starbucks also offers savings plans. Which has a competitive 401(k) match policy that matches 100% of the first 5% of compensation contributed and vests automatically. Finally, Starbucks has competitive compensated days off, which covers vacation and sick leave. It turns out that serving coffee isn’t the only perk of being a barista!</p> <h3 class="wp-block-heading" id="h-lowe-s"><strong>Lowe’s</strong></h3> <p>Part-time employees at this famous home improvement store will engage in a preventive health insurance package. This package has 100 percent compensation for health visits and up to four primary care visits a year, as well as certain prescription medication coverage. Part-timers have the option of enrolling in an oral or vision package in addition to the medical plan. After 89 days of continuous service, part-time workers at Lowe’s are registered for these health care benefits.</p> <p>P.S. If you like home renovation, you should note that Home Depot provides part-timer services such as health and eye policies, disability care, and life insurance.</p> <h3 class="wp-block-heading" id="h-ikea"><strong>Ikea</strong></h3> <p>When employees operate 20 hours or more a week at Ikea, they are deemed full-time. Part-time employers and their dependents now have rights to comparable advantages as people who operate up to 40 hours a week, such as medical, dental, and vision coverage.</p> <p>Tuition support, parent benefits, generous compensated days off, and deals on grocery goods and meals are all available via the Swedish business.</p> <h3 class="wp-block-heading" id="h-rei"><strong>REI</strong></h3> <p>REI, an outdoor and recreation retailer, provides medical care to workers who perform an average of 20 hours a week or more over the course of a year.</p> <p>REI also has competitive days off, plus a compensated “Yay Day” every six months to go outside. Employees also get substantial savings on equipment and experience, as well as “adventure grants” to cover any of the expenses of pursuing a new outdoor sport.</p> <h3 class="wp-block-heading" id="h-ups"><strong>UPS</strong></h3> <p>TeamstersCare provides medical, dental, eye, auditory, and other benefits to part-time UPS employees. To be qualified for these employee benefits, they must serve more than 225 hours in a three-month span, which is around 19 hours per week.</p> <h3 class="wp-block-heading" id="h-chipotle"><strong>Chipotle</strong></h3> <p>Both hourly crew members at Chipotle are registered for preventive health insurance services, and there are no minimum weekly hour standards. Any part of the crew may also engage in a visual or dental coverage scheme. Additionally, Chipotle workers who work more than 30 hours a week over a period of 12 months will participate in a PPO account.</p> <p>Other perks, such as generous PTO and contributions to 401(k) savings accounts, will make this position much more appealing. Chipotle offers a 401(k) contribution of up to 4% of net compensation of workers who have worked with the company for at least a year and have logged 1,000 hours. Its financial aid package also reimburses participating employers up to $5,250 in qualified school expenses each year.</p> <h3 class="wp-block-heading" id="h-suntrust-bank"><strong>Suntrust Bank</strong></h3> <p>Part-time employees of this bank are eligible for medical care beginning the first part of the working month after the first day of work. Suntrust Bank, for example, offers four different services, including pre-tax retirement plans such as a health savings program (HSA).</p> <p>Employees will also take advantage of the company’s oral and vision programs.</p> <h3 class="wp-block-heading" id="h-costco"><strong>Costco</strong></h3> <p>Part-time staff at this supermarket retailer are covered for medical insurance, vision and hearing, dental treatment, and prescription medications. Costco workers often have access to short-term injury, life, and long-term care benefits policies.</p> <p>After clocking at least 450 hours in the second month, part-time workers are eligible. Employees will link their spouses, infants, and intimate partners to their plans to cover a portion of the expenses by payroll deductions.</p> <h3 class="wp-block-heading" id="h-delta"><strong>Delta</strong></h3> <p>Delta workers are eligible for health benefits such as medical, eye, and dental care if they perform 30 hours or more a week on a daily basis. Dependents, such as a legitimate parent, intimate partner, or fetus, may also be enrolled in the programs by eligible workers.</p> <p>Within 30 days on the job, Delta workers are entitled to travel rights in addition to insurance care. This allows employees and their families to fly for free or at a discounted rate to every Delta destination.</p> <h3 class="wp-block-heading" id="h-whole-foods-market"><strong>Whole Foods Market</strong></h3> <p>Whole Foods Market has long been a pioneer in providing excellent opportunities to part-time workers. According to Business Insider, the company revised its policies in September 2019, <a href="https://www.businessinsider.com/whole-foods-cuts-medical-benefits-for-part-time-workers-2019-9" rel="nofollow">increasing the number of hours needed</a> to apply for health benefits from 20 to 30 a week.</p> <p>Despite this move, Whole Foods Market remains a feasible choice for employees who can commit to working 30 hours or more per week. Employees also get a 20% in-store discount at Whole Foods, with the option to increase this to 30% within six months.</p> <h2 class="wp-block-heading" id="h-should-you-look-for-part-time-jobs-with-health-insurance"><strong>Should you look for part-time jobs with health insurance?</strong></h2> <p>Many part-time jobs, especially those in the retail and service industries do not offer health benefits or other perks. Should you look for a part-time job with health insurance? </p> <p>It really depends on what your priorities are. If you’re looking to earn some extra cash but don’t care about things like company culture, retirement packages, healthcare coverage, etc., then by all means go ahead. But if these two factors are important to you as well as flexible hours that can accommodate your work-life balance needs, then it might be worth investing more time into finding an employer who offers better terms of employment.</p> <p>If you could start a side hustle or work a weekend job to supplement your income, getting health care from a part-time job might be a good choice for someone who can’t find or stick to a full-time job but don’t want to pay for health insurance out of pocket. Benefits that a side hustle cannot have, such as a savings package or tuition payment, can also be appealing.</p> <p>There are few examples of people that fit into this category:</p> <ul><li>Many that wish to work less hours as parents</li><li>Self-employed or freelancers who are starting a company</li><li>Students who are enrolled full-time in education and working for a degree</li><li>Job applicants who need to fill a void in their health benefits</li><li>Early seniors who have given up their regular jobs</li><li>Hand hustlers searching for a lucrative side gig</li><li>Employees who are sick or have a medical problem</li></ul> <p>Finding a part-time career and health benefits ensures you don’t have to depend on full-time jobs for your health coverage. One of these positions could be perfect for you if you’re more concerned about how to get health care than with making money. This list is a fantastic place to start looking for part-time positions that have health care.</p> <p>You can also look at businesses that have other benefits such as nursery or elder care. Look at businesses and their benefits to see what they have to sell, as well as what they post reports about part-time employment insurance and other benefits. Ask about the company’s insurance policies and the conditions to join in them whether you have an interview or an opportunity to talk with a boss.</p> <h2 class="wp-block-heading" id="h-faqs"><strong>FAQs</strong></h2> <h3 class="wp-block-heading" id="h-is-it-possible-to-get-unemployment-benefits-if-i-work-part-time"><strong>Is It Possible To Get Unemployment Benefits if I Work Part-Time?</strong></h3> <p>If you have served part-time, you might be qualified for unemployment compensation. – Each state has its own qualifying laws, but in general, you must meet minimum job conditions in the months leading up to filing for unemployment benefits. While you are not required to operate full-time to meet these criteria, working part-time can result in reduced benefits. In certain jurisdictions, you can claim unemployment payments if you work part-time, although the money you get will be limited by the wages from your part-time position.</p> <h3 class="wp-block-heading" id="h-what-is-a-decent-part-time-job-that-pays-well"><strong>What Is a Decent Part-Time Job That Pays Well?</strong></h3> <p>There are many high-paying part-time positions available in a variety of sectors. Part-time jobs that pay far over the minimum wage include, for example:</p> <ul><li>Fitness instructors/exercise teachers: According to the Department of Labor Statistics, the standard hourly pay for trainers and instructors is $19.42. Again, you will usually teach courses or hold client sessions on your own day.</li><li>Specialists in computer and technical support: According to the Bureau of Labor Statistics, the national hourly salary is $26.33. If you have the necessary skills, you will work part-time and earn a good salary.</li><li>Transcriptionists in medicine: According to the bureau, the standard hourly wage for this job is $16.05, and often workers will work from home.</li></ul> <h3 class="wp-block-heading" id="h-what-are-the-benefits-of-working-part-time"><strong>What Are the Benefits of Working Part-Time?</strong></h3> <p>A part-time job is perfect for folks who have more time commitments than money. You might enjoy the benefits of a flexible schedule, multiple opportunities to work in various career paths, and an opportunity to build your resume with experience that you can use on future full-time jobs or internships!</p> <p>It allows greater scheduling versatility while working alongside school or caring for children; it’s also simpler to secure since there are fewer promises made by employers. In addition, opting between one (or two) positions could help gain diverse work experience as well as building up your resume – which will come in handy when looking into other gigs!</p> <h3 class="wp-block-heading" id="h-what-is-the-duration-of-a-part-time-job"><strong>What Is the Duration of a Part-Time Job?</strong></h3> <p>There is no official description of part-time work in the Fair Labor Standards Act. However, the Bureau of Labor Statistics considers a part-time career to be one that lasts less than 35 hours per week, whereas the Internal Revenue Service considers it to be one that lasts between 16 and 32 hours a week.</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/part-time-jobs-health-insurance/">Best Part-Time Jobs With Health Insurance and Other Benefits In 2022</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></content:encoded> </item> <item> <title>Here’s What To Do When You Win the Lottery</title> <link>https://www.moneyvanguard.com/what-to-do-win-lottery/</link> <dc:creator><![CDATA[Clifton Hayes]]></dc:creator> <pubDate>Mon, 26 Apr 2021 15:00:00 +0000</pubDate> <category><![CDATA[Budgeting]]></category> <category><![CDATA[Personal Finance]]></category> <category><![CDATA[Winning the lottery]]></category> <guid isPermaLink="false">https://www.moneyvanguard.com/?p=2963</guid> <description><![CDATA[<p>There are few things in life that can make your day as much as winning…</p><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/what-to-do-win-lottery/">Here’s What To Do When You Win the Lottery</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></description> <content:encoded><![CDATA[<p>There are few things in life that can make your day as much as winning the lottery. But what do you do once you have won? Most people would buy a house or start a family, but not everyone has those plans for their future. So how should one spend their money wisely and responsibly after they win the lottery? Here is some advice on how to handle this huge windfall of cash!</p> <h2 class="wp-block-heading" id="h-before-you-claim-your-prize-here-s-what-you-should-do"><strong>Before You Claim Your Prize, Here’s What You Should Do</strong></h2> <p>Be cautious and don’t let your excitement get the better of you after winning a lottery. Rather than going out to collect the prize, it is important that winners take some time before making any drastic changes in their work or lifestyle. This way they can come up with an appropriate plan for managing all those new resources without putting anything on hold at home or work.</p> <p>A stable base is essential for long-term good fortune so be sure not to rush things when claiming a winnings ticket from the lottery; rather take precautions by consulting trusted practitioners who have dealt with this type of situation before – like lawyers, accountants, financial advisors etc., as these professionals will assist you in managing your assets while avoiding major life shifts such as quitting one’s job</p> <h3 class="wp-block-heading" id="h-don-t-be-hasty-in-claiming-your-prize"><strong>Don’t be Hasty in Claiming Your Prize</strong></h3> <p>Once you’ve purchased your ticket, don’t run out to collect your prize. This is essential for two reasons. First, claiming your ticket within a week of the announcement risks causing more of a stir than required if the award is large enough to draw media coverage. </p> <p>Second, and even most significantly, giving yourself at least a week to collect your reward gives you plenty of flexibility to prepare for whatever happens next. If you wish, you should be able to wait even longer than a week. Most lotteries owe winners six to twelve months to collect their prizes, so review the laws of the issuing authority to make sure you have as much time as you think you do.</p> <h3 class="wp-block-heading" id="h-safeguard-your-ticket"><strong>Safeguard Your Ticket</strong></h3> <p>To safeguard the winning lottery ticket, it is important to take precautions before doing something else. If you drop your ticket and can’t claim that you’re the legitimate owner, then there’s a good chance that all of this will be for nothing. To avoid such an occurrence from happening, create physical or digital backups in two separate locations: one on an encrypted online storage drive/account; another on an external device like a hard disk or flash drive–preferably at home locked up in case someone breaks into your house looking for valuables when they find out about how much money was just won!</p> <h3 class="wp-block-heading" id="h-don-t-give-up-your-job-or-tell-anyone-of-your-good-fortune"><strong>Don’t Give Up Your Job or Tell Anyone of Your Good Fortune</strong></h3> <p>As tempting as it might be, the time between realizing you have a winning lottery ticket and stepping up to collect your prize is not the best time to leave your work.</p> <p>In reality, you shouldn’t tell anybody about your good fortune but your immediate family (aside from girls, who are apt to brag), and especially not your coworkers. The last thing you want is for your manager to start searching for a substitute once you’ve checked out and are about to leave for good. Anyway, there’s a risk you’re keeping the winning ticket in the wrong hand. It’s possible that the date is off, or that you misread a key figure.</p> <hr class="wp-block-separator is-style-wide"/> <p><strong><em>Recommended Reading:</em></strong></p> <ul><li><a href="https://www.moneyvanguard.com/zero-based-budgeting/" rel="noreferrer noopener" target="_blank">Zero-Based Budgeting: How This Can Help You To Manage Your Finances</a></li><li><a href="https://www.moneyvanguard.com/tips-streamline-bank-account/" rel="noreferrer noopener" target="_blank">Budgeting Tips for Streamlining Your Bank Accounts</a></li></ul> <hr class="wp-block-separator is-style-wide"/> <h3 class="wp-block-heading" id="h-go-unlisted-by-changing-your-address"><strong>Go Unlisted by Changing Your Address</strong></h3> <p>You won’t be around to stop people holding their hands out until you win your prize. You’ll hear from individuals you haven’t spoken about in years — distant relatives, long-lost colleagues, college roommates, and also coworkers from five jobs ago — not to mention unethical financial advisors and attorneys.</p> <p>Though it won’t stop the flood, lowering your profile will make it a little easier to deal with. You have to:</p> <ul><li>Shift all phone numbers shared with the immediate family to fresh, unlisted numbers as soon as possible. Although your old phone number will remain online, it will no longer function.</li><li>Owing to the large number of websites that provide freely accessible contact details for US citizens, fully delisting your address is challenging. However, you can find it more difficult to end up in a random hunt by using a post office box as the main address for all communications (including bills).</li><li>Deactivate (or better yet, delete) your social networking sites and change your email address.</li></ul> <h3 class="wp-block-heading" id="h-hire-experts"><strong>Hire Experts</strong></h3> <p>You’re certainly not a tax lawyer, a family law solicitor, or a certified public accountant. If you win the lottery, you’ll need to quickly align yourself with these four kinds of professionals. You’re specifically searching for:</p> <ol><li>A tax lawyer who focuses on assisting high-net-worth individuals in growing their tax liabilities while avoiding IRS penalties.</li><li>A private law or wealth planning specialist who specializes in tailoring estate planning documents such as wills, trusts, and prenuptial arrangements to the client’s specific needs. These records can also be handled electronically via Trust & Will.</li><li>A fee-based or fee-only investment planner sworn to work in the best financial interests, not theirs, and ideally of extensive money management expertise.</li><li>A CPA that assists affluent families in organizing their budgets and guiding you through what is sure to be a difficult annual tax planning phase.</li></ol> <p>If you’re not sure about the recommendations you’ve received, get a second opinion, even if you have to pay for the experts’ time by the hour. You can finally buy it.</p> <h2 class="wp-block-heading" id="h-should-you-take-a-one-time-payment-or-an-annual-payment"><strong>Should You Take a One-Time Payment or an Annual Payment?</strong></h2> <p>You must determine if you wish to earn the reward before you can legally accept it. There are two options: a single lump sum payment made all at once or a fixed payment (annuity) made over 20 to 30 years.</p> <p>While you are not required to make this choice until winning your prize, doing so would almost definitely help with early asset management and tax preparation. Although it might seem that the annuity alternative is the better one, the math isn’t quite that easy. Until making a choice, carefully weigh the advantages and disadvantages of each alternative.</p> <h3 class="wp-block-heading" id="h-accepting-the-lump-sum-payout"><strong>Accepting the Lump-Sum Payout</strong></h3> <p>If you decide for a lump-sum bonus, you will not collect the advertised jackpot number, which is based on the assumption that the winner will choose the annuity alternative. Instead, you’ll get the jackpot’s current cash value, which may change a lot but usually amounts to around half of the advertising reward (sometimes a bit more). Calculate state-specific lump-sum and annuity payouts following taxation using AfterLotto’s bonus tool.</p> <h4 class="wp-block-heading" id="h-advantages-of-a-lump-sum-payout">Advantages of a Lump-Sum Payout</h4> <p>Is the lump sum payment a good deal? Certainly not. The below are some of the benefits of accepting a lump sum payment:</p> <ol><li><strong>Increasing Your Chances of Getting More of Your Winnings </strong>There’s a good risk you won’t survive to see the final annuity bonus whether you’re older or in poor health. Choose the lump sum option to practically ensure that you get all of your winnings until you pass on.</li><li><strong>Using Compound Interest to Your Advantage. </strong>By the annuity’s scheduled end date, the miracle of compound interest could result in development well above the gap between the lump sum and total annuity payouts (though this is far from guaranteed).</li><li><strong>Current Tax Rates Should Be Locked. </strong>A lump-sum payout is taxed by the IRS at current tax rates. If you anticipate potential income tax rates to increase, opting for the lump sum saves you from paying higher taxes in the future. If tax rates stay the same, your net tax bill for the lump sum will be higher than for the annuity as choosing the lump sum puts you in a higher income tax band.</li><li><strong>Taking steps to reduce future risk and uncertainty. </strong>While most lottery authorities are financially sound, there’s no assurance that yours will be by the end of the annuity term.</li></ol> <h4 class="wp-block-heading" id="h-disadvantages-of-a-lump-sum-payout">Disadvantages of a Lump-Sum Payout</h4> <p>The lump-sum alternative, as appealing as all the benefits which seem, is not without its drawbacks. The following are some of the disadvantages of accepting a lump-sum payment:</p> <ol><li><strong>Risk of Mismanagement</strong>. Your winnings may be wiped away or substantially devalued if you make poor investing choices, if they are your own or that of an inept or corrupt financial adviser. For an annuity, this is less likely (though still possible), because you won’t spend all of your winnings at once, giving you time (at least in theory) to know your lawyer isn’t behaving in your best interests.</li><li><strong>Income that was almost guaranteed has been lost.</strong> An annuity is a form of investment that provides a near-guarantee of long-term gain. That’s a tempting opportunity for everyone, and it might help you cope with the stress of losing your day job.</li><li><strong>Overall, the payout is lower.</strong> When you take a lump sum, you don’t get the advertised jackpot, and the net after taxation is much smaller. It’s still a substantial sum of income, though not quite as many as it should be.</li></ol> <h3 class="wp-block-heading" id="h-receiving-the-long-term-payout"><strong>Receiving the Long-Term Payout</strong></h3> <p>Depending on the sponsor’s policies, the annuity option spreads the entire advertised jackpot sum for 20 to 30 years. The amount of payments varies with time, so the final payment should be the highest. Actual payouts and payout percentages differ depending on the duration of the annuity and the jackpot number.</p> <h4 class="wp-block-heading" id="h-advantages-of-a-long-term-payout">Advantages of a Long-Term Payout</h4> <p>Taking out an annuity can have a number of financial advantages. Its benefits include:</p> <ol><li><strong>Long-Term Cash Flow</strong>. Your yearly payout transforms your investments and helps you create equity for your descendants by providing near-guaranteed cash flow over a multi-decade period.</li><li><strong>Lower Taxes are a possibility.</strong> Taking an annuity instead of a lump sum might put you in a lower marginal income tax band, depending on the amount of your payment and the income tax rates in your home state (if any). That ensures you’ll pay less tax over the course of the payout era, if not in actual terms (due to the higher average payout), than at least in percentage terms.</li><li><strong>Checks for Excessive Spending</strong>. Taking the annuity prevents you from spending the whole prize in a matter of months or years. It is always possible to mismanage an annuity, but it takes far longer to go bankrupt. As a consequence, when you take the annuity, it’s simpler to sustain a comfortable (if not lavish) style of life on a strict schedule.</li></ol> <h4 class="wp-block-heading" id="h-disadvantages-of-a-long-term-payout">Disadvantages of a Long-Term Payout</h4> <p>The long-term payoff option, like most items, isn’t ideal. The following are some of the main disadvantages of taking an annuity:</p> <ol><li><strong>Inflationary exposure.</strong> Since lottery annuities are not indexed for inflation, their worth decreases marginally per year unless there are occasional periods of deflation.</li><li><strong>Issues Concerning Your Death.</strong> Though state laws differ, you’ll more definitely be able to name just one recipient on your lottery annuity. It may be a major issue if you have several children or descendants who will normally be entitled to an equal share of your estate.</li><li><strong>Insolvency is a possibility.</strong> It’s technically feasible for the lottery that pays the annuity to go bankrupt without a successor in place, putting you in the lurch for those checks that haven’t been issued yet.</li><li><strong>There is no way to claim winnings in advance.</strong> You’re stuck with it once you want to embrace the contributions as an annuity. You can come to reconsider your decision in the case of an expensive incident, such as a prolonged hospital stay not protected by insurance. Long-term treatment, for example, is a non-emergency case.</li></ol> <h2 class="wp-block-heading" id="h-what-to-do-after-you-ve-claimed-your-prize"><strong>What to Do After You’ve Claimed Your Prize</strong></h2> <p>After claiming your prize and selecting your compensation form, you’re ready to put your strategy into action. What it looks like depends on all of the previous plans, but everybody follows the same simple measures.</p> <h3 class="wp-block-heading" id="h-consult-with-the-professionals-you-hired"><strong>Consult With the Professionals You Hired</strong></h3> <p>These experts are there to assist you, not the other way around. Expect them to do their work well, and if you don’t have faith in them, recruit new employees. For those that aren’t used to having life-changing wealth, it’s critical to have a knowledgeable, ethical team assisting you in making sound financial choices.</p> <h3 class="wp-block-heading" id="h-pay-off-the-majority-of-your-debts"><strong>Pay off the Majority of Your Debts</strong></h3> <p>It doesn’t matter whether you have leftover college loans, a second mortgage, credit cards, vehicle loans, or personal loans. You have no choice now that you’ve won the lottery not to pay down your loans, prioritizing the highest-interest debts if you may.</p> <p>This law has one major exception. Continue to finance your main home mortgage whether it has a reduced interest rate or if you wish to upgrade to a newer house and a larger mortgage. The larger your federal tax bracket, the more money you can save by itemizing your tax deductions, which includes mortgage interest (a big deductible expense for most taxpayers who itemize).</p> <h3 class="wp-block-heading" id="h-create-an-emergency-fund"><strong>Create an Emergency Fund</strong></h3> <p>And millionaires face financial difficulties. One of the first things you can do with your winnings is to start a healthy emergency fund or contribute to an established one. Setting aside enough money to cover six months’ worth of expenditures is a reasonable rule of thumb, but keep in mind that your expenses would definitely rise as your standard of living rises (a phenomenon known as lifestyle inflation). Choose a high-yield savings account with a member of the Federal Deposit Insurance Corporation, like CIT Bank or Chime.</p> <h3 class="wp-block-heading" id="h-make-a-retirement-savings-plan"><strong>Make a Retirement Savings Plan</strong></h3> <p>After that, put a portion of the winnings into tax-advantaged savings funds. Open a conventional individual retirement account (IRA) with a low-cost robo-advisor like Betterment or a self-directed online stock broker like You Invest through J.P. Morgan if you don’t already have one. Set up an annual contribution for the legal limit if you’re on an annuity contract. (Because IRS regulations bar higher-income people from contributing to Roth IRAs, a large lottery annuity would certainly disqualify you from contributing to that sort of account.)</p> <h3 class="wp-block-heading" id="h-invest-in-a-variety-of-things-to-diversify-the-portfolio"><strong>Invest in a Variety of Things To Diversify the Portfolio</strong></h3> <p>If you don’t even have a taxable brokerage account, open one as soon as possible and fill it with tax-advantaged alternate assets such as municipal bonds. Nontraditional properties such as fine art (Masterworks sells fractional shares), wine (via Vinovest), and cryptocurrencies are now available to invest in. However, make sure to talk to the financial adviser about the possible threats.</p> <h3 class="wp-block-heading" id="h-organize-college-funds"><strong>Organize College Funds</strong></h3> <p>Set up a 529 college savings account (which can come with state income tax benefits) or a Coverdell ESA and offer the full yearly donation per year whether you have school-age children or wish to provide possibly life-changing tuition assistance for someone else’s children. Connect your CollegeBacker account to your 529 scheme to inspire friends and relatives to contribute as well.</p> <h3 class="wp-block-heading" id="h-donate-to-those-who-are-less-fortunate"><strong>Donate to Those Who Are Less Fortunate</strong></h3> <p>Consider donating some of your good fortune to a church, a hospital, or a family member that is going through a difficult period. When you donate to a registered organization and itemize your tax deductible, you will be able to get a tax advantage.</p> <h3 class="wp-block-heading" id="h-know-when-to-say-no"><strong>Know When to Say No</strong></h3> <p>You’ll see a ton of calls for financial assistance as news gets out that you’ve hit the jackpot. Which would be credible and convincing, while others will not. Unfortunately, you can refuse everything but the most urgent requests before you’ve completed everything else on your to-do list. Some people could steal your winnings until you know what’s going on.</p> <p>It will not be easy. It’s almost certain that some people would use whatever means necessary to get you to part with your capital, including exploiting, bullying, and even intimidating you. Prepare a reason to deflect certain questions, such as the necessity to review any financial actions with your partner or a financial planner.</p> <h2 class="wp-block-heading" id="h-final-thoughts"><strong>Final Thoughts</strong></h2> <p>With so many questions and concerns, it’s easy to see why many people are reluctant to claim their winnings. But with the right information, you can make a decision that will work for you in terms of your own personal situation. The best thing to do if you win the lottery is to consult a financial adviser. They will be able to help you make decisions that are right for your individual situation and their expertise can really come in handy when it comes time to claim your prize or decide how much of your winnings you want to be paid out each year.</p> <hr class="wp-block-separator is-style-wide"/> <p>Recommended Reading:</p> <ul><li><a href="https://www.moneyvanguard.com/best-time-to-buy-large-appliances/" rel="noreferrer noopener" target="_blank">When Is the Best Time To Buy Large Appliances?</a></li><li><a href="https://www.moneyvanguard.com/ways-stop-feeling-guilty-debt/" rel="noreferrer noopener" target="_blank">6 Ways to Stop Feeling Guilty About Your Debt and Regain Control</a></li><li><a href="https://www.moneyvanguard.com/reasons-get-out-debt/" rel="noreferrer noopener" target="_blank">13 Reasons to Get Out of Debt: The Advantages of Debt-Free Living</a></li></ul> <hr class="wp-block-separator is-style-wide"/><p>The post <a rel="nofollow" href="https://www.moneyvanguard.com/what-to-do-win-lottery/">Here’s What To Do When You Win the Lottery</a> appeared first on <a rel="nofollow" href="https://www.moneyvanguard.com">MoneyVanguard</a>.</p>]]></content:encoded> </item> </channel></rss> <!--Performance optimized by W3 Total Cache. 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