Mortgage plans
Mortgage plans
Now, more recently, central bank fears have flared up again because of election results in places like France and Greece where citizens have voted in candidates that oppose much-needed austerity measures and reforms to rebalance national economies. Election results in Greece, for example, have renewed fears of a complete collapse of Greece’s economy, which will have repercussions across Europe and the rest of the world in today’s increasingly interlinked global marketplace… and which psychologically makes the dollar a safer place to park your money in relative to other currencies.
The type-of-annuity switch is a little complicated, but here’s how it works. If you set the type-of-annuity switch to 1, Excel assumes payments occur at the beginning of the period, following the annuity due convention. If you set the annuity switch to 0 or you omit the argument, Excel assumes payments occur at the end of the period following the ordinary annuity convention.
With these instruments, the annuitant can transfer the risk of “living too long” to an insurance company. If the annuitant dies early, the insurance company makes out, but if the annuitant lives an unusually long life, the annuitant makes out. Regardless of how things actually go, these contracts can be a good deal for retirees because they allow them to transfer some of the risk of a big unknown to a third party, the insurance company.
The steady increase of the Bank of England base rate over the past twelve to eighteen months has gently eased the rampant property market. Buy-to-let investing has begun to fall out of favour with novice investors and potential first-time-buyers have had to put their plans on hold as the cost of borrowing becomes too much to bear.
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