The Search For A Great Retirement Home Putnam

byAlma Abell

Many treasure the time that they can retire and enjoy their lives more. Some no longer wish to keep up with the responsibilities of owning a home and want to socialize more with others their own age. They feel that the time has come to look for a great Retirement Home Putnam. They are usually interested in finding a space that offers tranquil surroundings and a central location. Planned activities are very important so that one can stay active. A fine dining facility is a plus and is a great way to socialize. They should also offer services that meet the individual needs of their residents.

Assisted living and independent living are two types of options that are usually offered. Independent living works for those who can still take care of themselves completely and who want to remain as independent as possible. Assisted care works well for those who may need some assistance when it comes to bathing, dressing and taking medications. It is a good idea to choose a facility that provides both types of care options. This will help to prepare you if you need assisted living care in the future. The Country House is an excellent facility that offers both types of care along with Respite care for short term stays.

Planned activities should be something that occurs daily. This can include exercise, dancing, trips, group projects, games and much more. These activities will help you to meet others with the same interests. It is also important to you because you will want to make the most of this time. You should take advantage of all of the activities that are offered because you are sure to enjoy yourself.

The cost of care in these facilities vary in price. You should book several tours in order to learn more about what each center has to offer. You will also want to make a list of the most important characteristics that you are searching for. This will be helpful in making a decision. It is a good idea to take along a friend or family member who can give you an opinion as well. Browse website for more information.

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Emini Success Formula 2.0 Download. Todd Mitchells Emini Success Formula Review &Amp; Bonus}

Submitted by: Ron T Daulton

Todd Mitchells Emini Success Formula Review & Bonus. Whether youre a professional trader or a total newbie, youll receive insights and strategies that could easily be worth thousands (possibly millions) to your bottom-line.

The E-Mini Success Formula 2.0. was previously reserved for a small group of select individuals for live one-and-one coaching but is now available as a limited edition home-study course.

What is covered in this day trading mentoring program:

* Fully Disclosed, High Probability Techniques for Consistently Scalping Points Out of the E-Minis!

* Where to Place Your Entries at the Best Price So That You Getting In a BIG Move Before Everyone Else is!

* A Little-Known Method for Setting Your Profit Objectives for a Maximum Gain and a High Winning Percentage!

* Where to Place Your Stop Losses to Reduce Your Risk Without Losing Too Much Money or Getting Stopped Out Too Soon!

* And Ive perfected a method for teaching you how to read a chart with the ease of reading a daily newspaper!

Emini Success Formula 2.0 Bonus Page. Whats included in this E-Mini trading program:

E-Mini Success Formula Program Definition

So, whats actually in this program? Its defined visually below:

As you can see, the program is in the shape of a Pyramid. Were going to work on the Essentials first before we build it up one layer or module at a time, with the eventual goal being that you become a Master Trader at The Master Trader level.

Lets briefly discuss each module again:

Trading Essentials Framework we will start with YOU the trader, which is the most important piece of the profitability equation. We will show you the typical progression (I will dive into this in greater detail in the Master Trader level) that a trader moves through as he/she discovers how to be profitable, and we show you some guidelines on how to become a professional. From there, we move into the Trading Success Principles, which is the cornerstone of everything Ive personally developed in my trading career since 1988.

Trading Success Principles once we have the foundation in place, we can start to layer on the skills required to read and understand a chart correctly. These are very specific technical skills relating to understanding the Market Flow, utilizing Fibonacci Retracements in conjunction with the Market Flow, understanding how to use the Keltner Bands and Key Moving Averages, Key Times of Day when you would expect a move to occur, Floor Trader Pivots, Powerful Price Patterns, and Volume Analysis. We also teach you how to read and understand the NYSE Tick so that you are able to identify what is happening behind the scenes in the stock market.

Income Generating Strategies once you have an understanding of the Trading Success Principles, well show you how to put it all together in to specific Trading Strategies. You will learn specific criteria for entering, exiting, and managing your trades. Youre up against the best traders in the world. What you learn and apply at this level will give you a mastery of the markets for earning income and controlling risk.

About the Author: Ron Daulton Forex Trading Software Developer


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Is It Time To Electronically File Your Income Tax Returns In Canada

By Thor Hanso

The old saying goes that two things in life are certain: death and taxes. Although this is true taxes don’t have to be quite as painful as it was 15 years ago. Prior to the internet and personal computers for everyone filing your taxes was a terrible affair that required either an accountant or plenty of time. However, with the introduction of the internet filing your taxes is much easier than before.

However and quite surprisingly, is that not everyone in Canada files their taxes online. In fact, according to CBC in 2009 only 56% of tax returns were filed online. This means that 44% of the people are either using the old-cumbersome method of paper or using the automated telephone method, Telefile. Here is the breakdown of various tax-filing methods.

Paper – 11.29 Miillion returns (42.4%)

Netfile – 4.63 Million returns (17.4%) – The system that individuals use when filing their taxes through software applications like TurboTax, Ufile, etc

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EFile – 10.24 Million returns (38.5%) – The system that tax professionals use to file other people’s taxes.

Telefile – 445,067 returns (1.7%) – An automated system used for VERY simple tax returns.

In this computer aided world where the internet, computers and various tax processing software making things easier it’s hard to see people filing their taxes with paper. However, over 11 million people filed their taxes with paper in 2009! The need for a paper version is fairly clear, however, for anyone with a slightly complex tax return the increased value in using a computer aided version must outweigh the costs of the software!

In fact, it would be interesting to know if people filing their taxes with paper missed out on money (ie: deductions) that they didn’t know existed. Did they get their full RRSP deduction, tuition transferred, investment income, etc Is it was worth saving the money for the tax-software? In addition, filing your taxes online provides a much quicker turn-around time for your tax-return if the government owes you money!

The next question is what are the costs to the tax-payers of Canada to have a paper-tax filing system? Surely an online tax filing method must be cheaper than paying government employees for data-entry. What about placing the paper-forms online so everyone can file online and the data-entry step is removed!

The Canada Revenue Agency’s NETFILE system, the system used to file your taxes online, is turning 12 this year. This means we’ve been able to file our taxes online for 12 years. In this time the citizen’s of Canada have gone from 0% filing online to 56% this is a huge increase but still much lower than expected from a computer dominated world! How many more years till everyone is filing their taxes online or till the government makes it mandatory to file online?

Like it or not taxes are complex and the amount of different government programs is hard to keep track. Might as well use a tax software where you simply fill in the required boxes, it checks your return for errors and provides all the calculations accurately. With the various tax-software platforms the cost associated with the software is very competitive and can be as in-expensive as $6.

About the Author: For a full review of the

best Canadian Tax Software

visit Thor’s website

Best Tax Software



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Overcoming Mortgage Difficulties With The Harp Mortgage Program

By Sean A. Kelly

Back in 2009 when the economy started sliding indefinitely, my high school classmate Ralph started to face issues with his monthly mortgage loan repayment. This was primarily caused by the fact that Ralph lost his day-job as his company started retrenching that year, and left him precariously positioned in terms of financial stability. Without his main source of income, Ralph was forced to look for alternative jobs, most of which did not pay regularly. As a result, his mortgage loan started to suffer as he missed several payments in a stretch. He faced the additional problem of owning a home that did not appreciate in terms of value. Thus he owned no equity in his home at that time, and could not apply for a home equity loan. He was at a loss of how to overcome his mortgage issue, and was exploring the option of conventional home refinancing when the government introduced the Making Home Affordable (MHA) program. The MHA program had two main components to help ailing homeowners cope with their monthly mortgage loan repayments, the Home Affordable Refinance Program (HARP) as well as the Home Affordable Modification Program (HAMP). This introduction came in a timely manner for Ralph, who opted for the HARP mortgage program immediately. The HARP mortgage program was one that allows homeowners to refinance their home even if the owners do not possess any equity in the home, and this suited Ralph perfectly.

Under the HARP guidelines, you are eligible to apply for this program if your home’s original value does not exceed 125% of your home’s market value at the time of application. The value of Ralph’s home at the time of application was approximately equal to what he paid for initially for the property. Thus he qualified comfortably for the program. After going through the application process, Ralph succeeded in refinancing his home at a lower interest rate, and managed to lower his monthly repayment amount by almost 30%. This in turn helped him cope better with the monthly mortgage loan payments, and has helped him retain his home and recover his financial stability slowly but surely. Today Ralph has managed to obtain a new day job, and has returned to his normal cheerful self with his finances back in order. And without the assistance of the HARP mortgage program, this definitely would not have been possible!

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The HARP government home mortgage program does not have a minimum credit score requirement. Thus you could still apply for this program if you have low credit scores and are unable to obtain conventional home refinancing packages with attractive interest rates. The same could be said about the HAMP. This program also allows those with bad credit scores to modify their mortgage loans successfully. By opting for the HAMP, you could seek to alter your mortgage loan by either increasing the duration of your loan deal, or seeking a lower interest rate for the mortgage loan. Either way, you would end up lowering your monthly repayment amount to your lender, resulting in you being more comfortable in servicing your mortgage loan.

Remember that even if your property’s value has dropped compared to the price that you paid for it, you could still successfully refinance the property. And by opting for government mortgages refinancing plans such as the HARP, you could save further by avoiding excessive closing costs or processing fees. This makes this option even more attractive to consider if you are currently struggling to service your mortgage loan. Take your time and consider your options carefully before settling on the best mortgage refinancing option for you and your home. All the best!

About the Author:

HARP mortgage programgovernment home mortgage programgovernment mortgages


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The Optimal Exit Strategy Business Transition/Exit Planning For Private Business Owners

The Challenge

This past year has been a difficult one for business owners seeking an exit. Is this the recession, or a reflection of a longer term reality? The answer, it seems, is that exiting business owners will need to engage a new reality for the foreseeable future. According to an article published by Robert Avery of Cornell University in February 2006, “the majority of boomer wealth is held in 12 million privately owned businesses, of which more than 70% are expected to change hands in the next 10 to 15 years.” Only a portion of these businesses will successfully cash out, because of a fundamental oversupply of sellers.

Key Mistakes Sellers Make

Business owners make a mistake when they allow too little time to complete a properly executed business exit strategy. Another mistake owners make is focusing on the price while disregarding the terms and structure of an exit transaction. Other key mistakes business owners make in exiting their companies are:

  • selling to the (only) competitor who approaches them
  • not using experienced advisors (hoping to save transaction costs)
  • setting expectations based on personal needs and without reference to the market
  • failing to explore legitimate positioning strategies

Buyers of middle market companies don’t buy jobs for themselves in the way that small business buyers do, they “invest” with the expectation of a return commensurate with the risk. Nothing enhances a buyer’s perception of value more than:

  • evidence of sustainable growth
  • a capable management team as the key to managing the risk

The Business owner who engages professional advisors, plans thoroughly, and negotiates to ensure that the wealth transfer mechanism chosen most closely delivers on his goals is the business owner who will have executed the optimal exit strategy.

Characteristics which Appeal to Buyers

If the fundamental laws of risk and reward prevail, only the least risky and most profitable businesses will change hands successfully. With buyers focusing on businesses which represent good investments capable of operating with little or no dependence on their owners, the following characteristics will be seen as desirable:

  • Businesses which have scaled beyond a total dependence on the owner
  • proprietary products, services or processes
  • strong, remaining management
  • defensible, differentiated market position
  • stable, diverse customer base
  • recurring revenue business model
  • business growth (opportunities)
  • strong operating margins
  • manageable business risk
  • quality business and accounting systems
  • audited annual and timely internal monthly financial statements

Defining the Exit

Exiting is more than Selling

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Exit Planning is a process involving the development and execution of a series of systematic steps taken to allow both the owner and the “accumulated wealth” to be extracted from the business, via one or more of the numerous available strategies, including:

  • Selling the business to partners, strategic buyers, investors, competitors, international buyers, or the public
  • Recapitalizing the business for partial liquidity
  • Merging the business to achieve enhance valuation and/or marketability
  • Transferring the business to family, management or employees
  • Gifting the business to meet personal and/or tax planning goals
  • Liquidating or partially liquidating the business

Exiting is a process, not an event.

The Optimal Exit will be achieved through the implementation of a managed process which includes:

  • Establishing a business valuation reference point
  • Clarifying “Life-after-Business” goals
  • Working with a team of specialist advisors
  • Preparing a written plan ? Identifying and evaluating the applicable alternative strategies (options)
  • Executing any necessary positioning or preliminary strategies
  • Executing the selected exit strategy

Exiting is a complex subject with many moving parts. No single advisor is an expert in all aspects, so the process should involve inputs from a team of experienced advisors, and should address the possible need to re-position the business before going to market.

Setting Goals

Clarifying the Endgame

The Exit Strategy begins with the M&A Advisor providing a likely range of the pricing, terms and structure expected from a sale in the current market. The Financial Planner or Wealth Manager then develops a plan to invest the after-tax wealth extracted from the business to meet lifestyle and life-after-business goals. For the majority of business owners, this newly liquidated business wealth will constitute a meaningful portion of the total wealth driving the financial, tax and estate plans. The key, then, to beginning the exit planning process, is to clarify the endgame, taking into account the likely value of extracted business wealth.

  • Legacy Goals – what will have been your contribution?
  • Lifestyle and Life-after-Business Goals – what do you want from the next phase of your life?
  • Estate Planning Goals – how will you ensure that your estate passes to your heirs in the most tax efficient way?
  • Exit Strategy Goals – based on all of the above, what are the priorities to be met by your selected exit strategy as to risk, time, wealth and income?

Selecting a Team

Play the “A” Team

The M&A Advisor should assemble and coordinate a team, including existing advisors where applicable, that will ensure:

  • access to all appropriate options and opportunities
  • being fully informed as to the merits and demerits of proposed strategies
  • having expert counsel and representation

The team must include the necessary knowledge, skills and experience in Mergers & Acquisitions, Corporate Law, Taxation and Financial Planning/Wealth Management. It may also include specialists in ESOPs, insurance, personnel and business consulting disciplines.

Writing a Plan

Planning Precedes Execution

Business owners should not expect to exit successfully in the next 10 years without figuring out how best to exit and what preparatory steps should be taken.and should not assume they can wait until they are “ready”. While the critical execution phase will not be a problem for most take-charge entrepreneur business owners, the planning for an exit will be foreign to them as exiting has never been their purpose. Their purpose has been to create and build, and to consider the exit (if at all) a retreat. The M&A Advisor should coordinate a collaborative team effort to prepare a written Exit Plan incorporating a valuation of the business, a statement of goals and objectives, a review of alternative strategies (options), an analysis of the gap between the goals and the options, and strategies for closing the gap.

Reconciling Goals and Options

Once one has established an indication of the Expected Wealth Transfer (the after-tax proceeds from the business exit) on the one hand, and an estimate of the Targeted Wealth Transfer (the wealth transfer required to provide the personal life-after-business goals) on the other, the business owner and the exit team must now reconcile the two before selecting and implementing an exit strategy. Whether or not the expected and targeted wealth transfer values are the same, the owner should review all exit options, and should also evaluate a number of Positioning Strategies for execution prior to implementing an Exit Strategy. Reconciliation or Closing the Gap is an iterative process of evaluating combinations of positioning and business exit strategies that will yield a release of wealth (the Expected Wealth Transfer) compatible, as to quality, time, value and certainty, with achieving the specified goals and the associated Targeted Wealth Transfer. Closing the gap may also involve modification of the Targeted Wealth Transfer. Again, notice that there are two key points of inflection for matching the exit with the personal goals:

  1. The ability to vary the value, timing and certainty associated with extracting the business wealth
  2. The ability to vary the timing, risk tolerance, estate wealth, living standards and other variables inherent in the personal goals

A key issue business owners face in considering Positioning Strategies is the very central question of the risk – reward paradigm. Positioning strategies cannot be executed entirely without risk, but manageable risk strategies may deserve consideration if they serve to better ensure that the business wealth will be delivered in the context, amount, time and certainty needed to meet the identified personal goals.

Positioning Strategies

Corporate Value Enhancement

The team should look at the corporate structure and governance mechanisms to consider whether the business is optimally positioned for the intended business exit. For instance, an asset sale from a C Corp could result in tax obligations at both the corporate and the individual levels. Conversion to an S Corp may be advantageous, but the tax benefits vest over an extended period of time. The make-up of the Board and any Advisory Board may also have an impact on the value perceived by a buyer. Management strength is considered below. From the standpoints of scale, product or market diversity, management strength or any number of others, the business may benefit from a combination with or consolidation into another business prior to its sale. Alternatively, it may be desirable to spin-off one or more non-synergistic or non-performing divisions to increase profitability or allow greater management focus.

Business Value Enhancement

Business value enhancement strategies generally influence valuation because of their perceived impact on risk, growth or profit margins. At the top of many buyers’ lists is the need to see a strong, experienced and motivated management in place. For financial buyers, this often includes the need to be assured that management has skin in the game, typically an equity interest. Improvements in profit margins are strongest when they are reflected in trailing (historical) earnings. More recently effected changes, or even planned changes, can also influence valuation, however, if the benefit of the changes can be quantified and demonstrated. Because of the multiplier effect built into earnings-based valuations, a $1mm earnings improvement may increase the valuation by, say, $5mm. It doesn’t seem entirely logical that an exiting business owner would have unexplored opportunities available for making improvements to the business. It’s a little like living with an outdated kitchen and upgrading just before selling the house. As in the real estate analogy, the stakes are higher at the time of exit, and the focus on marketability and valuation greater, so these opportunities often do exist. Other business value enhancement strategies include:

  • Reviewing and revising the revenue and/or business models
  • Implementing product / market enhancement plans
  • Expanding and diversifying the customer base
  • Securing title to patents and intellectual property
  • Commissioning of financial and operational audits
  • Strengthening or upgrading of systems and procedures
  • Documenting or codifying contractual relationships (employees, vendors, customers, debt)

Business Marketability Enhancement

If growth opportunity, managed risk and strong margins are the foundation for building value enhancement strategies, then clarity, transparency and certainty are the engines which drive marketability. Business performance is clearly reported and accounted for, activities and status are transparent to the buyer, and all information portrays a level of certainty about the future. Experienced buyers know that completing acquisitions is a time-consuming and expensive exercise. Buyers will perceive greater clarity, transparency and certainty, and therefore be more motivated to engage, when the seller has:

  • Audited financial statements
  • A business plan with a clearly defined growth path
  • An in-place sector-experienced management
  • Current market metrics and analysis

Multi-Step Liquidation Strategies

Reference is made above to the risk-reward paradigm. This fundamental reality plays out in ways too numerous to mention, including strategies elected by business owners to both take cash off the table to reduce risk/exposure as in a re-cap, and assume reasonable risks for an enhanced valuation as in an earn-out structure. Consider:

  • The lowest price is an all cash price (not often available in today’s market)
  • Waiting before selling is risky
  • Participating in an industry consolidation or roll-up increases the risks and uncertainty of an exit, but potentially enhances marketability and yields a greater valuation

A classic two-stage exit is accomplished by means of a re-capitalization in which an investor / partner / buyer acquires part of the business with an expectation to either buy the rest of the business or to market the business in cooperation with the remaining owner at a later time and at a greater valuation. The owner takes some chips off the table, but retains a stake, and usually continues to participate in management. Merging the business into one or more other businesses before exiting can lead to increased marketability and even an improved valuation sometimes referred to as multiple bump. Consider a $20mm revenue business with earnings of $3mm which commands a valuation of $15mm (or a 5 multiple). Combining that business into a $100mm business with earnings of $15mm and which commands a valuation of $90mm (a multiple of 6), now values the original company’s participation at $18mm, and the consolidation strategy has yielded a $3mm valuation gain.

Transaction Structuring Strategies

Every step along the complex path of executing an exit strategy demands access to advice from professionals who have been there and who know the opportunities and the pitfalls. Even though the structuring of the exit transaction comes toward the end of the process, structuring is included here as a positioning strategy because it impacts the value of the Expected Wealth Transfer. Key structuring considerations include:

  • Considerations of risk and reward
  • Tax considerations
  • What incomes and expenses are included (i.e. belong to the transacted business)?
  • What assets and liabilities are ex/included
  • What pre-transaction liquidation, settlement/exclusion opportunities exist?
  • What relationships between buyer and seller arise? (employment, advisory, landlord, supplier, partners, etc.)
  • Documenting or codifying contractual relationships (employees, vendors, customers, debt)

The majority of middle-market businesses bought and sold derive their valuation, at least in part, from cash flow or earnings. The very key question then arises: “What assets and liabilities are essential to and an integral part of the ongoing enterprise, thereby supporting the established earnings flow?”

Exit Strategies

The business owner should have his M&A Advisor prepare an analysis of the fit and applicability of each of the exit strategy options to the stated goal and objectives. Not all options will fit every business or every set of goals. Individual strategies might include:

  • Sale to Partner, Competitor, Strategic Buyer, Financial Buyer, International Buyer, the Public
  • Re-Cap
  • Merge
  • Transfer to Family, Management, Employees
  • Gift
  • Liquidate

Benefits of a Planned Exit

The primary purpose of approaching a business exit in a systematic, goal-focused and planned way is to dramatically increase the likelihood that the outcome will be optimal to the stated goals. The employment of a team of professional and experienced advisors will add a cost of, say, 3% – 6% of the wealth transferred, but will potentially add considerably more value by:

  • mitigating against a failure of the mission
  • dramatically expediting the mission
  • intermediating the process to eliminate the risks associated with direct negotiations between principals
  • increasing the negotiated value of the mission
  • reducing the income tax burden
  • helping to reconcile the Expected Wealth Transfer to the Targeted

Wealth Transfer

…not to mention providing the knowledge and human resources to navigate a complex and time-consuming labyrinth of decision making and task execution.

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Peter Heydenrych’s entrepreneurial experience, as the owner of service/manufacturing companies, provides perspective and ability to plan and execute successful business exit strategies, based on a thorough understanding of M&A transactions.Author: Peter Heydenrych

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