Pension Drawdowns Info

If you have spent any time at all researching annuities for your retirement, you’ve likely come across some words that you’ve never seen before. From enhancements to variable contracts, the information can be a bit dizzying. However, through the use of annuity comparison websites, you can read about the various options to better prepare yourself for the important decision ahead. One term you’ll likely come across is a “drawdown”, and when you do, you should understand just what is meant when you see it.

Unsecured Pensions

Unsecured pensions are often congruent with drawdowns. When you retire, you can take a lump sum from your capital with no tax penalty. Once this is done, you can leave your money in the fund or explore the purchase of an annuity. Either way, the concept of drawdowns has its upsides and downsides. Understanding the ins and outs may help you make your decision when considering where you’d like to place your retirement nest-egg.

The Benefits of Drawdowns

From the start, you can withdraw money from your account without taking a huge tax hit, so this obviously makes these plans enticing. If you have other sources of income that you can use in your retirement, you can vary the payments to meet your financial needs. When you place your money in an unsecured pension plan, you may experience some gains and the tax-efficiency is generally unrivaled.

The Drawbacks of Drawdowns

When you take the initial sum out of your retirement fund, you are leaving yourself with less capital to achieve gains. In addition to this obvious loss of earning power, there can be quite a bit of volatility involved, so if you aren’t willing to gamble a bit, you may want to look for a more structured annuity plan. While some unsecured pensions are guaranteed, there are always caveats involved. This information is easily accessible, should you decide that this route makes sense for you.

Regardless of which avenue you decide to take your retirement down, there will definitely be forks in the road. Conducting a reasonable amount of research should give you all of the confidence you need to make a good choice. The annuity comparison services tend to be free, and can become quite a resource while you are going through the retirement process.

When it comes to annuities, there isn’t a lot of wiggle room once you’ve signed the contract. However, unsecured pensions and drawdowns can at least give you some say in where your money goes. Sure, certain annuities can offer this flexibility, but you’ll likely want to look deeper into the issue before deciding to keep the hands-on approach to your retirement. The stability provided is generally what retirees are looking for, and while there can be a lower growth potential, this may not matter for someone with a larger lump sum to invest. At any rate, determining the right path for you hinges on the amount of information you’re willing to process for yourself. Consult with these sites and you’ll be discussing annuities and unsecured pensions like a professional.

Commonwealth games to start in indian capital delhi

Main venue for commonwealth games 2010

Commonwealth games to start in the indian capital delhi from 3rd october – 16 october. Commonwealth games are held every four years for the ex-british colonies to come together under one festive, competitive but friendly spirit. Only nine nations have so far played host to the Commonwealth Games. They are Canada (4 times), Australia (4), Scotland (3 including 2014), New Zealand (3), England (2), Wales (1), Jamaica (1), Malaysia (1) and India (1).

Last minute frantic preparations have created troubles and attracted criticism from few countries like new zealand, australia, england , scotland and ireland. Total of 71 countries are set to participate in the games and around 7000 athletes are expected to compete in these games which is only second to olympics in the number of athletes competing. Estimated cost of these games is expected to have hit around $3 billion mark and would cater to around 100,000 tourists for these games. Newly built games village along the flooded plains of river yamuna covers an area of around 63.5 hectares with 1,000 apartments, 4000 bedrooms, multi faith centre and 2300 seater dining hall serving 22,000 meals daily.

Delhi was awarded to host the 2010 games in 2003 but did not start full-time preparations as late as 2008 which has led to finishing touches to the games village delayed. Unexpected heavier monsoon which has led to massive floods in pakistan must have hindered the building work in the last 3-4 months but the preparations by india have attracted criticism from western media and praise from next door neighbor and asian giant chinese foreign ministry spokesperson Jiang Yu…read more.

Vocal critics newzealand, australia, england have expressed satisfaction at the facilities provided on their delayed arrival Read more.

Athletes from england, scotland , wales, ireland arrived on 27th september amidst heavy police personnel presence and the airspace will be closed for the opening and closing ceremonies of the CWG, while “no unscheduled flight” will be allowed within 300 km of the NCR(delhi) for the duration of the games. Apart from a plethora of air defence weapons like Pechora and OSA-AK surface-to-air missile squadrons deployed in the NCR, fighter jets like Sukhoi-30MKIs and MiG-21 `Bisons’ are now on “hot stand-by” at nearby airbases like Ambala, Bareilly, Sirsa, Bhatinda and Gwalior (courtesy).

There is still time to book flights to delhi from new york, california, london, manchester, birmingham airports.

India – Ayodhya’s verdict: This is Ramjanmabhoomi(hindu temple)

AYODHYA: Since 6th december 1991 when babri mosque built illegally over a portion of sacred hindu temple was demolished this case was pending the state high court which passed its judgement nearly after 19years that the demolished area was indeed a sacred hindu temple and not a mosque. While the Supreme Court has postponed until September 28 its hearing on a plea to defer the Allahabad high court’s verdict in the Ayodhya title suit, in the pilgrim town itself, there’s no dispute: The place was, and is, Ramjanmabhoomi for its Hindus. Read more at http://timesofindia.indiatimes.com/india/Ayodhyas-verdict-This-is-Ramjanmabhoomi/articleshow/6616789.cms

Youtube’s search for top 20 creative videos

Youtube’s contest for the top 20 most creative videos is on. Total of around 23,000 videos were submitted from 91 countries, a shortlist has been made and the top 20 will be shown on october 21st 2010. You can see more here on cnn video.

Wisconsin river threatens leeves

Authorities continue to monitor a levee along the Wisconsin River, that is under threat of failure.

Women kills 13 foot alligator

A Massachusetts woman shot and killed a huge alligator in a South Carolina swamp. WPDE reports.