The Cost of Cremation Compared to a Funeral

The cost of cremation is one of the reasons that the cremation process has become more widely used in recent years. For example, in Minnesota, cremation has more than doubled in the last 20 years, growing from 18.6% in 1992 to over 46% in 2009.

Some of the reasons that it is less expensive are simple to explain. Many of the people that have the body cremated are looking for a simpler form of burial service. If you work directly with the crematorium, it is more likely to be less expensive than if you are working with a funeral home.

If you do not have the body buried, you will not have to pay for the cost of a much more expensive casket, burial service, and the land used in the cemetery for burial. You will most likely still need to have a container for the cremation itself, but depending on state laws, it can be as simple as a corrugated box, costing as little as $95. Caskets used for burial can range up to $35,000.

Even if you do opt to have the ashes buried, a plot at the columbarium, an area used for burial of remains from cremation, will be much smaller and less expensive.

Many people decide to keep the ashes in an urn after cremation or to scatter the ashes in a special place. A temporary urn, consisting of a plastic box with a clasp, or something similar, is usually provided to the family after cremation from the crematorium. If you want something more permanent to store the ashes in for the family, an urn can cost as little as $65 or as much as $1500 if you want to spend that much.

Another cost associated with the traditional burial that can be avoided is the cost of embalming the body, which can usually run from $700 to $1000. Even if the body is to be viewed before cremation, embalming can be replaced by refrigeration storage.

Many state laws governing the cremation process have been enacted to protect the consumer. It is helpful to familiarize yourself with the laws in your state and to write down your wishes ahead of time for your family. Much of the cost associated with the funeral process itself can be avoided if decisions are not being made at a time of great stress and have already been made by the family members ahead of time.

Low Risk Investments Offering Guaranteed Returns

If you are somewhat hesitant about investing, you are not alone. Since the market has been slow to recover, many people are interested in pursuing low risk investments offering guaranteed returns. Because people may have limited funds to invest, they may be seeking investments with no or low minimum initial investment requirements, or those with short-term investment commitments. Some of the best solutions to these types of investment needs can be found at a local bank or credit union.

Certificates of Deposit, High-Yield Savings Accounts, Money Market Accounts Certificates are some of the subtitles investors should be researching. Be sure to pay attention to three main areas the amount you plan to invest, the rate your investment amount will yield, and the minimum term of the investment. Typically speaking, the higher the amount you invest for the longer investment term will yield the highest return rate. This is not always true, as many banks can credit unions offer promotional rates and investment options. Continue reading Low Risk Investments Offering Guaranteed Returns

Pitfalls of Purchasing Property Abroad – Retirement Tips

For those who love to travel and need to extend their retirement funds, moving to foreign country is a great way to see the world and live like royalty on a modest budget. When it comes to emigrating to Cyprus, for example, one of the biggest headaches is finding out how to purchase a property in your new country. It can mean dodging some general pitfalls and investing a huge chunk of your hard earned money, but the end result however can make it all worth it.

A post-retirement home is a once in lifetime investment for most of us, so ensuring that you invest your money wisely is extremely important. When it comes to purchasing real estate outside of your country, familiarizing yourself with its many rules can help potential homeowners secure their investment. Continue reading Pitfalls of Purchasing Property Abroad – Retirement Tips

Why Are More US Retirees Choosing Panama?

In this article we explore some of the main reasons why Panama continues to attract large numbers of US retirees. The country is often featured on lists setting out the “Top Places To Retire Overseas” and the “Best Retirement Havens” compiled by organizations such as Pathfinder International and International living. Let’s find out why:

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All about 401k rollover

When you start working, your company starts your retirement plan in which both you and your employer contribute. This is your 401k plan. But once you move to another employer, these contributions stop. In such a case you have to decide what you what to do. It is very important that you understand 401k rollover rules to know about the fee involved. 401k rollover to IRA is the most commonly used option, but it’s good to know all your 401k rollover options.

The easiest option of a rollover 401k is to cash out from the account. Your old employer will make a check in favor of you after deducting 20% withholding tax as a prepayment of estimated taxes. You will also be subjected to federal and state income taxes. If you want to continue to stay invested and get tax benefits, you can either take your 401k and invest in an IRA account yourself or go for a direct 401k rollover. Continue reading All about 401k rollover

What Makes An Investment A Safe One

Are you considering investing money for your retirement but you’re not sure if your making  good choices as safe investments?  Many Americans have these same questions everyday and what usually ends up happening is they invest their money in some account with a mutual fund company hoping 30 or 40 years down the road . . . → Read More: What Makes An Investment A Safe One

How to Qualify for No Fee Roth IRA

Roth IRA tax rules are different from that of a traditional IRA. Roth IRA usually has non-deductible tax on contributions while traditional IRA contributions are tax deductible. Though, in most cases Roth IRA may be the best IRA plan, not everyone is qualified to apply for this type of IRA. There are Roth IRA rules that are set by the IRS or the Internal Revenue Service that regulates the application and approval of Roth IRA plans. Continue reading How to Qualify for No Fee Roth IRA

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