tisdag 4 december 2007

Supplement your pension – Start blogging – Part one

Are you finding that your pension is not what it should be, that is it is not making ends meet? Or perhaps you are just looking for some extra spending money for a trip or along those lines. There are of course many ways in which you can supplement your pension, but if you, like me, are not that into manual labor, blogging can be a great, easy and fun way to add some extra cash to your wallet.

I will not get into how one gets the blog up and running, there are already thousands of great articles on this subject already. Most blog sites like wordpress.com and blospot.com also have in depth guides to help you get started. Blogs today are very simple to use and are designed in way that everyone should be able to understand and use them so you shouldn’t have any problems.

Now you are perhaps wondering what to write about? Think about it, if you are retired and on your pension, you have a whole life behind you. You literally have hundreds of things to choose from: the different employments you have held, vacations you have been on, your pets, your grandchildren or anything else that you can imagine yourself writing about. Maybe you just write about your day-to-day life in retirement and living off your pension? Be sure to choose a topic that is close to your heart and of interest to you, otherwise you might find it hard to keep up the blogging.

There are three basic rules when it comes to supplementing your pension with blogging, the key is sticking to them: keeping the posts coming in a regular fashion, the use of rel=”tag” and the pinging of different blog indexing services.

You do not have to post every day, but at least twice a week would be a good interval to try and stick to. On the other end you cannot post too often. You do not want to put too much pressure on yourself in the beginning as it may take a while before you will see that extended pension money. I do not want to get more technical than I have to here, but in search engine optimization terms it is a good thing to let Google, Yahoo, MSN and the blog indexing services now that you blog is active and updated regularly. Regular updates are especially important in the beginning of your blog’s life as it creates many inbound links which will be should be spread out in many categories. Read on and you will hopefully understand.

When the whole blog scene exploded a couple of years ago, and the number of blogs climbed into the millions, people came up with the idea to index, categorize and make blogs searchable to better help people reading blogs find what they are looking for. Bloggers could also find people writing about the same subjects and exchange ideas and so forth. They way this works is that you have to tell these blog-indexing services know what categories you are writing about and when you are writing it.

In my follow-up article on this subject I will proceed on telling you more in detail about how to work the blog indexing services and how to start increasing your pension.

onsdag 14 november 2007

A review of the Swedish pension system

Sweden has long had a general pension system available for everyone – being as it is a country dominated by socialist government and values for a long time. It has changed to and from over the years to end up becoming a very modern and evenly distributed pension system. I will briefly explain how it works.

Back in 1913 the Swedish government implemented the folkpension (peoples’ pension). This allowed only for small amounts of money to be paid out and a lot of people struggled to make ends meet with what they were given. Some of the more white-collared workers had an additional pension plan worked out together with their employers which meant that a small portion of their salary was put away and later became an additional pension. The government thought this was a good idea and after much debate in the nineteen fifties, they implemented a general pension based on peoples’ salaries, called the ATP, in nineteen sixty. After more than thirty years, the government re-organized the pension system once again in nineteen ninety four because they felt it was too costly to have this kind of beneficial pension system. After the reformation, the pension system is now in part based on one’s life income and part on premiums that are paid.

The different parts that make up the pensions each represent various amounts of the total pension. The part called general pension is funded through taxes, i.e. everyone that is currently working and paying taxes are at the same time leaving a small part for themselves later on. In addition, the government recently made a small part of the general pension available for speculation in the financial market. People can choose between a number of market funds and the like to try and improve their final pension.

Moreover, in addition to the general pension, most working people have something called avtalspension or tjanstepension, the most common one called IPT. The ITP and others are regulated through negotiations between different unions and the employing companies, and the additional pension is paid out by the employers. Employees are often given the choice of where the money should be placed, which bank, fund, market area and so forth.

Most people also set up a private pension plan in addition to the general and ITP to be able to cover expenses for the future. There are many companies today focusing on pension administration. Depending on which field of work you are in, different companies offer different custom tailored pension solutions and benefits.

As a result of Sweden being very socialistic oriented, the general pension also offers a guarantee for lowest pay-out. This is for people of low or no income whatsoever during their lifetime and it is very low. The level of guarantee states that you have to have lived in Sweden for at least forty years however.

To start receiving pension from the government, people can choose retire from the age of sixty one and forward. Sweden no longer has an official retirement age so everyone has to apply to get their pension. Monthly payments of twenty five, fifty, seventy five or one hundred pension percent are offered. Private pension plans like ITP and others may have special agreement that varies for pay-outs.

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