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Pension Mistakes That Are on the Rise Right Now

If you are planning on retiring at some point in the future, you’re going to need to start thinking about your pension and the plan you have in place for it. That means everyone is going to need to think about this at some point, and sooner is usually better than later. However, just because people do pay attention to their pensions, that doesn’t mean that they always get it right. There are a lot of mistakes out there that get made a lot.

Making mistakes related to your pension is risky, and it’s something that you shouldn’t let happen if you can help it. When mistakes get made, your entire future can be put in jeopardy, which is not what you want to happen at all. Unfortunately, as more people learn about the perils that can hit them if they enter retirement without enough money, more mistakes are getting made. The mistakes that are on the rise right now are discussed below. Make sure you don’t make them too.

Big Withdrawals

People who withdraw too much from their pension pots usually end up regretting it later. It might seem like a reasonable thing to do right now. But you might not have that same attitude in a few years time. It’s important to remain sensible and keep thinking about the future because that’s what matters most. Pensions are not about the here and now, or what you want to spend money on next month. They’re about making your financial situation secure and stable for a long time to come. So, keep on top of this and don’t withdraw much money from your pension pot. And if you do, make sure you have a plan in mind for investing it so that the overall amount grows not decreases in the long-term.

Relying on Your Partner to Take Care of Things

Many people simply let their partner take care of their pension situation for them. This is pretty normal, and it can seem like a sensible thing to do. But no relationship is 100% secure. You don’t know what’s going to happen tomorrow, nevermind what might happen a year from now. That’s why it’s always best to take personal responsibility for your pension arrangements. That way, you won’t be left in the lurch trying to work out the situation for yourself later on if you no longer have our partner to do things for you. There is no one better placed to oversee your pension planning arrangements than you. Of course, you can get professional help along the way, but you should retain control.

Assuming You’re Too Young to Start Planning

It’s common for people to feel like they’re too young to start worrying about their pension and their retirement. But when it comes to retirement planning, there is no such thing as too young. You can get started at any time, and there is no need to believe that you have to wait until you’re in your 50s to begin. Yes, when you’re young finding the financial resources to simply get by can be tricky. But it’s still worth trying to find a bit of extra money each month that can be stored away for your retirement. And you should also get involved in your employer’s pension scheme too.

Not Handling Debt Correctly

Debt is a burden at the best of times. But if you still have significant debts hanging over your head when you enter retirement, it just makes your life harder than it ought to be. You don’t have the income to offset those debts and eventually clear them. That’s why it’s much better to pay off your debts as soon as possible, ideally when you’re still in full-time work. That way, you can enter retirement without this worry in your mind. Failing to handle debt properly while you’re in middle age can really punish you when you’re retired. Don’t make the same mistake so many others have in the past.

Not Getting the Right Help and Advice

Going it alone is not always the best thing to do when you’re trying to plan your retirement. Although it can be tempting, it’s often better to get the right advice and professional financial help. This will help you to make the right decisions regarding funds, bonds and stock investments you might have. These days, you have to invest in some way if you want your savings to grow ahead of retirement. Speak to a financial advisor and make sure that you can trust them properly before you commit to anything, though.

Forgetting About Future Healthcare Costs

You have to think about your future needs and how they might be different to how they are right now. For example, most people have more care costs when they get older. Even if it just means making some smalls changes to your house to help improve mobility, these things cost money. You don’t know what your specific needs will be in 10, 20 or 30 years time, so it makes sense to save more to cover these basic extra costs. Don’t assume that you will be able to live on less money on when you enter retirement because the opposite might actually be the case. You should be looking to make retirement as comfortable as possible, and that demands cash.

Failing to Update Your Personal Information

This is one of those small things that can actually have a pretty big impact on your financial situation when you’re in retirement. If you don’t keep your personal information up to date and in good shape, you could face big problems later on. It doesn’t take much to keep your information up to date. So, when you m
ove house, inform any companies that you use to organise your pension. You don’t want to be penalised and have your finances threatened by something as basic and as simple as this. It’s easy to forget, so set yourself a reminder whenever your circumstances change in some way.

The Coolest Things You Can Do With Your Smart Phone (That You Might Not Know About!)

A lot of us are attached to our phones. But while we might use it to text, make calls, and use social media, there are a wealth of possibilities that we are not exploring. And it’s because a lot of us don’t even know what our phone is capable of it. In fact, here are some of the coolest things you can do with your smartphone that you might not know about!

Pay for items in store

It can often be a long procedure in the store when it’s time to checkout. After all, you have to find the right card and then remember your pin. Therefore, this can all take far too long in our fast-paced world. However, there is a way you can pay for items in store by using your mobile phone! And that is via contactless payments on your smartphone. You can just use your fingerprint, and this combined with their contactless tech, means you can pay for your item without getting out your card! And if they don’t do this, a lot of companies have an app you can use. Therefore, you can use this to pay with your saved details before leaving the store! Soon all we will need to take out is our mobile; we can leave our wallet at home!

VeroPay App

Take thermal images

We all capture so many photos on our phone. In fact, it’s likely a day won’t pass without us snapping. But rather than another selfie, your phone camera can come in very useful. If you buy an add-on, you can ensure your phone camera can take thermal images. You basically take a photo of the area and then see the thermal energy in the picture. That means you can see when the electric is not working as it should be. And it can also help you to diagnose if you need more insulation in your house if an area is cold when it’s hot! Some people even use it when they go camping to ensure they get cooking sooner rather than later. Of course, you will need an add-on to be able to do the imagery. There is a lot online about the different types like FLIR One vs. Seek XR. That way, you can ensure you make the right choice for the purpose you need!

Do your math homework

Okay, you might not be at school anymore. But it doesn’t mean you won’t have equations that you need to answer which leave you clueless. And if you have a kid who needs help with their math homework, it can also leave you dumbstruck. But your phone can turn into a maths tutor. If you download the app Photomath, you just take a picture of the math problem, and it will tell you the answer. Moreover, it will show you the steps to get the answer which is useful to show your kid. That way, it will help them to do things like algebra and fractions in the future! And it can be a good learning tool for you for any maths problems you might come across every day!

And remember that your phone is fantastic for keeping your health in check. Not only can you check your heart rate, but there are apps you can download to ensure you are drinking and eating healthily too!

Tech Savvy Family: Best Computer Games For All Of You

Computer technology has come a long way over the last decades. It wasn’t long ago that having a PC in your home was seen as an extravagance, today we all seem to have handheld devices, and with Apple products on the market, there is a stream of laptops, mobiles, and tablets. Some houses have a laptop for each of the members. It has been the world that grew enormous, really fast.

So, we accept that tech is here, and it is here to stay. Now we need to work out how to get everyone together in the living room and to start socializing, instead of staring at their personal device. We have some of the best games for the whole family, so check them out below.

We’ll start off with the PC as that is where computing all began. One of the hot games was World of Warcraft, and now there is a pretty great version the family can all get involved with World of Warcraft: Mists of Pandaria.  Ok, so we admit there may be a few of you thinking “seriously, this is the best you’ve got, ’ but this is a great fun game which even the youngest members of your family can enjoy.  It might be worth investing in a couple of computer screens for this. Mike from GamingBuff has published an exclusive guide about the best gaming monitors which could give you some ace ideas for other games too.

Heading over to the coolest family console on earth, the Wii is still going strong, even the early version. You can get together and play sports, dance yourself crazy around the living room, go bowling without even leaving the house. The Wii bought the family together and got us laughing over one computer, and we don’t think Nintendo have ever made such an excellent machine. The graphics are clumsy, but that is part of the charm! Get everyone away from the Apple and onto the wii!

Xbox offers up the Just Dance series, providing you have Kinect you can play this game with your whole family. It gets you moving too so can be fun for older members of the house who could do with a little exercise. There is a host of dance moves from modern day to classics from the Dirty Dancing movie; you may need to consider your talent before you start flinging your arms in the air, though! You will also find other interactive games like this, including Guitar Hero. Noisy but fun!

Of course, Mario Kart is probably one of the most loved games amongst the computer generation. There is something about the lovable plumber that gets us all going; even the annoying music becomes a chirpy ditty once you have got into the game. While it may not be so familiar with older members of the family, anyone under the age of 50 is probably going to enjoy themselves, sometimes for hours!

Make sure you take lots of rests when you are playing computer games. You remember the old saying; you’ll get square eyes!

How Private Is Your Internet Use

There’s a school of thought out there that says internet privacy is nothing but a fantasy. And on one level, this is true. The leaks revealed by Edward Snowden showed that if the powers to be really want to know what you’re doing online, they’ll have no trouble looking you up. But most people don’t really get flagged up on the government’s radar. Still, it’s not just terrorists and the like who need to be concerned about internet privacy. It can affect individuals, too.

Leaving a Trail

If you’re involved at all in marketing or the like, you’ll know that there are vast amounts of data available to you. If you’re not involved directly, then you should be aware that advertisers have amazingly detailed information about, well, you. The majority of websites you visit will place a cookie in your browser that’ll follow you from one click to the next.

In the future, this information will almost certainly be able to be used to create a web of your history – and if that falls into the wrong hands, then…tough! The two worst offenders – though they happily admit it – are Google and Facebook, who record just about everything you do and sell this information on to marketers, who are then able to create highly specific ads tailored just for you.

Paying More For The Privilege

The web of YOUR LIFE that is created isn’t just used by others to make money off the back of your browsing habits, it can actively cost you money. How? Well, if you’ve been searching for, say, ‘cheap flights to New York’, and visit a website that has an attractive price but don’t book it, you might return later on and find that the price has mysteriously shot up a little. They know you’re already looking for those tickets, so they try and make more money off you.

Tricks and Tips

They are ways to get around this. One simple way is to use incognito mode when you’re browsing for things you might by or which you’ve searched for in the past. There are also benefits to using a VPN. Take a look at those listed on securethoughts.com and you’ll be able to hide your location, which makes it much more difficult for websites to build up a data block on your browser characteristics (and also helps you get around geo-blocked sites!). It’s akin to being anonymous online, which is getting more and more difficult. If you’re really concerned about the data, you can also use a service like http://suicidemachine.org/ and get rid of all your social media sites forever.

What’s On Your Phone?

It’s not just on our laptops that we need to be concerned about internet privacy. Your smartphone apps can make you life more efficient and entertaining, but you might want to think about what data you’re handing over just by having the app on your phone. Many track your location even when you’re not using it and have access to all your phone contacts. That’s a lot of unnecessary info they’re taking from you!

The Decline of Cash

There are plenty of Sci-Fi movies that depict a world in which everything is controlled by a single piece of technology. All transactions and communications are made through high-tech devices that once seemed far out of reach. These days, it’s starting to look more familiar. We already have smartphones that do most things for us, and a move towards completely digital currency doesn’t seem that far away.

Only eight percent of the world’s currency is in cash form. This change is happening for a number of reasons but primarily because it is just more efficient. International bank transfers can be completed in under ten minutes, and personal transfers will appear in your bank account almost immediately.

Removing physical money completely could also help to reduce some crimes. Muggings and thefts, for example, would be a lot more difficult if you couldn’t access any of the money without a pin number or fingerprint.

New technologies are paving the way for the digital payment age and cash is fast declining. Some of these technologies may be familiar, and you probably use some of them already, but there are others that you may not be aware of.

Contactless Payments

Contactless payments have taken off in a big way over the last few years. Most bank cards that are issued come with the feature. Although it is more efficient that cash payment, it offers less security because you do not need a pin number.

This is being dealt with in the form of contactless payments on smartphones. Fingerprint scanners are becoming more commonplace and when combined with contactless technology, you get an entirely safe payment method that only you can use. The only problem being that if you lose your phone, you’ve also lost your wallet as well.

Cryptocurrency

You may have heard of one of the most popular cryptocurrencies, Bitcoin. It made headlines when it was linked to the selling of illegal goods on the dark web. But Bitcoin isn’t the only cryptocurrency around, and they are not just used for criminal activity. Click here for more information on exactly how cryptocurrency works.  

Cryptocurrency itself is perfectly legal and is a good alternative for people that don’t want to use their bank details online. Lots of major companies including Amazon and Virgin Atlantic are now accepting cryptocurrency.

The Dangers of Digital Money

Unfortunately, as the world evolves, its criminals evolve with it. In recent years there has been stories of thefts from contactless cards. It is possible to set up card reading equipment and make transactions by walking close enough to somebody who has a contactless card in their pocket.

Cybercrime is also on the rise and governments are struggling to keep up with criminals. Ddos attacks have been used to bring down the systems of some of the biggest governments in the world. They work by flooding a network with huge amounts of traffic, crashing them completely. If all of our money was stored digitally, then an attack like this could disrupt the entire global financial system.

So, embrace the new technology, but be aware of it’s downfalls. And maybe keep a bit of cash under the mattress just in case.

Invest With The Best – Which Tech Niches Will Thrive This Year?

Technology companies tend to make significant profits if they remain at the cutting edge. That is why so many people choose to invest their savings in buying shares. However, tech comes and goes, and so you need the most recent information if you want to do that. The last thing anyone wants is to put their money in a niche that’s on its way out. With that in mind, we’ve taken the time to list some of the most thriving technology niches around today. Hopefully, the info will help you to make the right decisions if you plan to invest this year.

Telecoms

The telecoms industry is always a safe place for investors because everyone owns a smartphone these days. Apple releases new products every year, and most people want the latest devices. Even so, it’s wise to invest in a smaller company if you want to make the highest profits. Look for a firm that’s just arranged to lease a cell tower, and perform as much research as possible. The level of risk you face will increase when opting for a new brand. However, as the old saying goes, the only way is up. While investments in established operations are stable, you wouldn’t make a significant profit. So, look for the newest businesses on the market for the best outcomes.

Virtual reality

Virtual reality has become big business during the last couple of years. However, the market still hasn’t reached its potential. For that reason, now is the best time to invest in companies within that niche. There are lots of VR devices available today, and many of them are selling thousands of units. You could make a substantial profit if you find the right firms and get in touch. Don’t make the mistake of waiting until they appear on the stock market to make your investment. For the best results, you need to put your money in a firm that’s just about to explode. That way, you could see a return that sets you up for life.

Gaming

Specialist gaming brands make millions of dollars in profit every single year. Indeed, just take a look at how much Sony and Microsoft make from their consoles. There are also lots of firms that sell accessories and other items associated with the market. Investors just need to perform research to ensure they’re making the right decision. Ideally, you’ll want to find a new company that’s about to release something that will become exceptionally popular. Gaming news blogs are probably the best places to source the information you require. So, bookmark many of them and check them every day.

Now you know about some of the most thriving tech niches around today, we hope you will make conservative investments. When all’s said and done, there is always an element of risk involved. However, you can increase your chances of seeing a healthy return if you do the groundwork. Just take a look at some of the companies in which other investors seem to be putting their money. In most instances, you just need to replicate their actions.