Non owner car insurance – Basics of buying one

Written by admin on January 30, 2012

Non owner auto insurance is important for those people who does not own a car but uses a rented car. So, if you are a person who does not own a car and if you use a rented car, you can try to buy non owner auto insurance policy. Unlike the car insurance policies, buying a non owner policy requires you to know some details of buying a non owner policy. Buying a non owner car insurance can be cost effective method of keeping yourself insured while driving a rented car or leased one.

Basics of buying non owner policy

On a general basis, in most of the cities and states, the non owner car insurance policies cost you less than what it would have cost if you had your own car. Some of the things that you will be required to know in order to buy a non owner car insurance policy are:

1. Helps you handling different fees – The non owner auto insurance helps you to handle different fees that may result out of extreme congestion, little accidents, or damages. Though you do not own a car, while driving a car, you can be held liable to pay for the damages to the car.
2. Be sure about the coverage – There are various forms of coverage that are offered by the insurance company on the non owner auto insurance policies. Some of the different forms of coverage available are the likes of liability, underinsured motorist protection, personal injury protection, payments on medical needs. The different or other forms of coverage that the non owner policies do not provide are towing reimbursement, rental reimbursement, comprehensive or collision damage and so on.
3. Remember to get quotes – It is always better for you to get quotes on the insurance policies from the beginning. There are various car insurance or auto insurance websites that provide you the opportunity for getting quotes on insurance policies free of cost. This helps you to get the best of offers as per your needs and requirements.
4. Do not forget to compare offers – You should never forget to compare amongst the different offers made by the insurance companies. This is going to help you get an affordable non owner car insurance offer. Though, the non owner’s policies cost you less than the primary auto insurance and car insurance policies, you may easily be able to get better offers if you compare amongst different offers.

Other than this, you should know that it is not at all tough to buy a non owner car insurance or auto insurance policy. You can talk to your company who is providing you the car or the rental company from whom you had rented this car.

Saving energy, saving money

Written by admin on July 9, 2011

As summer temperatures soar into the 90s, and even triple digits, there are several energy efficiency tips which can help people stay cool while saving energy. • Set your thermostat at 78 degrees or higher when you’re at home, health permitting….

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Saving energy, saving money

Letter to the Editor: Campaign money concerns reader

Written by admin on July 9, 2011

Congratulations to the Upland City Council for taking on campaign reform by limiting contributions to $2,000 from any one donor.

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Letter to the Editor: Campaign money concerns reader

Concerns for self funded retirees

Written by admin on July 9, 2011

A seniors lobby group says some self funded retirees may have to draw a pension under a carbon tax.

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Concerns for self funded retirees

Cramer’s ‘Mad Money’ Recap: Stock Market Survival School

Written by admin on July 9, 2011

Search Jim Cramer’s Mad Money trading recommendations using our exclusive Mad Money Stock Screener and watch Jim Cramer’s Mad Money Post Game video exclusively on TheStreet.com. Editor’s note: This article was last published on April 19, 2011

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Cramer’s ‘Mad Money’ Recap: Stock Market Survival School

Stretch IRA

Written by Takara Alexis on July 8, 2011

When you are thinking about your retirement savings, you might have wondered how you could pass your money on to second- and even third-generation beneficiaries. A stretch IRA might be the solution you need.

A stretch IRA is not an entirely different type of IRA. Instead, it’s a provision you can add to your current IRA whether it’s a traditional IRA, Roth, SEP, or SIMPLE IRA. A stretch IRA allows your IRA to continue to grow tax-deferred indefinitely because it can be passed from generation to generation.

To be a stretch IRA, the IRA needs to have two provisions. First, the IRA should allow you to designate a beneficiary who can elect to receive distributions based on a life-expectancy period. Second, the IRA should allow the beneficiary to select a second- or third-generation beneficiary. This is the provision that really makes it a stretch IRA.

To prevent an excess accumulation penalty, the primary beneficiary must withdraw a minimum amount each year based on the beneficiary’s life expectancy. The life expectancy of a 48-year-old beneficiary is 36 years, so there would be a $5,000 minimum required distribution on an $180,000 IRA. If that beneficiary passes away prematurely, the second-named beneficiary would continue getting distributions based on the previous 36-year life expectancy.

The distributions could be stretched out even further if the original IRA owner named a second- or third- generation beneficiary from the beginning. For example, a 20-year-old beneficiary has a life expectancy of 63 and would receive a minimum $2,857 distribution for 63 years instead of the 36 years in the previous example.

A stretch IRA keeps your assets in the hands of your family and loved ones rather than your estate trustee who will likely pay out the IRA immediately, taking away the possibility for future tax-deferred growth.

You could make your beneficiary a millionaire. Assuming a 6% rate of return, a $150,000 IRA can pay out more than $1 million over 55 years. The younger the beneficiary, the greater the life expectancy, and the longer the IRA has to grow.

Unfortunately, tax laws aren’t promised for the next 60 years, so benefits of a stretch IRA are subject to changes in the tax law. At any point in the future, the IRS could change the rules regarding named IRA beneficiaries and minimum required distribution levels.

Your average rate of return should stay fairly constant to receive the highest earnings on your IRA. A fluctuating rate of return will lower IRA earnings, which means your beneficiaries may not become millionaires, but they still get the advantages of tax-deferred growth from your IRA contributions.

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Money market fund cash outflows ease after rising on Europe debt fears

Written by admin on July 7, 2011

Cash outflows from money market mutual funds slowed this week, suggesting a lessening of investors’ concerns over the funds’ holdings of European bank debt. Overall, a net $9.9 billion came out of the funds in the seven days ended Tuesday,…

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Money market fund cash outflows ease after rising on Europe debt fears

At Camp No Worries, cancer patients are just kids again

Written by on July 3, 2011

Nine-year-old Katie Haughney deals with a common problem for the siblings of cancer patients. Her brother Charlie, 4, is fighting stage-four neuroblastoma, and the world seems to revolve around him.

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At Camp No Worries, cancer patients are just kids again

Euro Turns to ECB, US Jobs Data as Greece Worries Fade

Written by on July 2, 2011

Fundamental Forecast for the Euro: Neutral Looking to Sell Euro Below 1.47 vs. US Dollar Greek Government Passes Austerity Measures S&P Threatens to Cut Euro Zone Credit Ratings Euro Prices Geared to Market Sentiment Trends An action-packed week left the Euro at the highest in almost a month after Greece successfully passed a new deficit-reduction plan a scheme including tax hikes, spending cuts …

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Euro Turns to ECB, US Jobs Data as Greece Worries Fade

Some Pinoy World Youth Day delegates face money worries

Written by on June 27, 2011

Some would-be Philippine delegates to the World Youth Day this August may eventually back out because of financial constraints, the Catholic Bishops” Conference of the Philippines said.

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Some Pinoy World Youth Day delegates face money worries