Trust funds

For those without retirement plans, a good alternative is the trust funds that banks offer. Although the interest earnings is not as high as other investments like the pension plan, it is safe and guaranteed because banks are regulated by the Central Bank. There are several companies offereing pension plans that have folded up and pity the investors because they are left with the crumbs (the money left with the company that is confiscated by the government).

 

Now there's something I haven't thought about or checked into... Hmmm... wonder why I haven't heard more about them?
As far as interest is concerned, though, it's totally lousy all over for every kind of account, so that wouldn't be as large of
a concern as it would have been in the past.

I think you have mentioned before that you're not in the U.S., Corzhens? If that's the case, I wonder if it's the same
here? I'll keep watching this thread and hope that someone can answer that for me. I'd like to know a website to get more
information about this because it sounds like something I may be interested in.

 

Trust funds are popular in the US as well, but I don't know what the merits are in terms of a trust fund over a traditonal account. Money is pretty safe here in tems of IRA's, money markets etc. but a trust fund might be a valuable alternative investment. Maybe those that understand more about the benefits of trust funds versus traditional investment vehicles can help us with this one. I don't know enough about them.

 

Great advice! At this point, I think I'm way too far down the experimental financial hole to go back to steadier alternatives, but I'd have appreciated it a few years back. The only problm I have with funds and accounts is that I am a bit flipfloppy and like to be able to sell and reinvest asap

 

I am not sure trust funds are the way to go because they assume an identity distinct from the investor. They are also irrevocable meaning that the truster losses access. Am not sure whether these are the ones you people are referring to. For my case, I would prefer mutual funds. These are accessible to small holders since they are safe. The investment is diversified by money market managers to make capital gains. They offer a steady option of increase to your investments.

 

If you've heard of trust funds but don't know what they are or how they work, you're not alone. Many people know just one key fact about trust funds: They're set up by the ultra-wealthy as a way to protect passing on significant sums of money to family, friends or entities (charities, for example) after they pass away. Only part of the conventional wisdom is true though. Trust funds are designed to allow a person's money to continue to be useful well after they pass away, but trusts aren't useful only for ultra high-net-worth individuals. Middle-class people can use trust funds as well, and setting up one isn't entirely out of financial reach.

In the event that you've known about trust subsidizes however don't comprehend what they are or how they function, you're not the only one. Many individuals know only one key certainty about trust assets: They're set up by the ultra-affluent as an approach to ensure passing on noteworthy totals of cash to family, companions or substances (philanthropies, for instance) after they pass away. Just piece of the standard way of thinking is valid however. Trust assets are intended to permit a man's cash to keep on being helpful well after they pass away, however trusts aren't valuable just for ultra high-total assets people. Working class individuals can utilize put stock in assets too, and setting up one isn't totally out of budgetary reach.