Personal financial mgmt Term Paper Example | Topics and Well Written Essays - 750 words

Personal financial mgmt - Term Paper Example †¢ The bank uses a single: maximum 25% of income for mortgage payments, property taxes and insurance test, rather than the double: maximum 28% of income for MPPI and maximum 33% of income for MPPI plus other monthly debt service Being a new employee of a large US corporation, you should create monthly personal balance sheets and projected budgets when selecting and enrolling in these plans. You will need appropriate financial goals based on age, marital status, current income and savings status. Do estimate your tax liabilities and select investments for a 401(k) retirement account is also important (â€Å"Investment Guide† 2013). Consider evaluating the health insurance options available to you. They include; Of the three different Bank of America health insurance plans available to you, it is more effective to use the consumer-directed plan (â€Å"Investment Guide† 2013). It is because, if anybody sheltered in your plan meets the family annual deductible, or two or more family members combine to reach it, they will pay the coinsurance rate. In case anyone sheltered under your plan meets the out-of-pocket maximum, or two or more people combine to meet it, 100% of the costs for all your family members on the plan are covered. The Comprehensive Traditional Plan is another option, but in it, coinsurance begins only for that person in your family who meets the individual annual deductible. Besides, suppose two people on the plan have costs, which combine to meet the family deductible, coinsurance begins for everyone on the plan. The consumer-directed plan still has the biggest benefit for you. Finally, you will need to monitor the progress of your chosen plan options. After making the investment choices, you must to evaluate frequently the performance of the plan investments to see if the finances allocated are still suitable for the portfolio. It will also help you know if there is a need to rebalance the accounts to match your desired asset

Legalizing Marijuana for recreational use Research Paper

Legalizing Marijuana for recreational use - Research Paper Example Ethics, unlike law determines what is right from wrong in regards to this issue regardless of the law which may be in existence unlike law which heavily defends a legal position that has already been defined using the oratory skills. This paper proposes the justice of making marijuana legal at a federal level as a controlled substance while taking 2 standpoints where the drugs benefits is more than the associated risks and also since there are inconsistencies with the current legal policies on the issue of marijuana as compared to both legal and illegal drugs that are more dangerous. Specifically, the paper will compare benefits and risks of legalizing marijuana against those of the most common legal recreational drug that are currently being used today. In specific it will look at cigarettes and alcohol. This paper tries to avoid discussing legalization of medical marijuana since research show that12 states already have allowed the use of marijuana in medicinal purposes and today there are over 2000 legal marijuana dispensaries all over the nation. However, the possession and usage of the drug is still illegal under the federal law. Due to the popularity and historical usage of the substance, a new look needs be implemented so that this can be a legal recreational drug together or even to be made to replace alcohol and cigarette smoking. Marijuana is a dried blossom of the Cannabis Sativa and Cannabis Indica plants. It is the most regularly used illegal drug and thus is considered as being one of the most popular recreational drug in United States. Over the years there have been a lot of debates over the issue of legalizing the drugs with many individuals coming up with both positive and negative issues. In the 21st century marijuana is illegal in the United States due to concerns over violence, health related issues and crimes that are associated with marijuana. There have been some