Personal Finance Guide
Freedom and flexibility:One of the best aspects of Roth IRAs is the absence of a required minimum distribution (RMD). At 70½,Traditional IRAs require you to calculate all of your RMDs and take them as taxable income. If you miss anyor don’t withdraw enough, it will cost you a 50% penalty on top of your income tax. You also can’tcontribute savings after 70½ to... [Continue Reading]
The appeal of credit cards lies in the fact that it makes it easy to get just about anything you want. Fancy a new wristwatch? Just give your card, and it's all good. Love that new pair of shoes? Here you go. Swipe the card and you walk away with the shoes.
All these are possible without spending cash. That is why it is so easy for many people to get into and continue to remain in debt. Your... [Continue Reading]
You might think that a traditional pension is your best option for saving for retirement, but is that really the case? If the circumstances are right, you may get better returns by starting a self-managed super-fund. While both pensions and super-funds have the same end goal of providing you with a comfortable retirement, they have very different ways of achieving these outcomes. Here is an... [Continue Reading]
As we get older and reach retirement age, lots of us have to ask for help at home for ourselves, or for a partner. Whether we chose to access care at home or in a specialist setting, it costs money. Not many people have the income to support long-term care out of their own pocket, and if you're in this situation you might be looking for alternative options. One of these options is equity... [Continue Reading]
If you’re like the majority of people in the world, you likely never think about things like your credit score or credit report – at least not unless you’re actively trying to borrow money or buy a house, in which case your every thought probably centers on those two things. Most people think that their credit, good or bad, only impacts their lives when they’re... [Continue Reading]
Given the high competition in the current job market, earning an MBA is essential for anyone who aims to secure a top management position. A graduate degree increases your marketability and affords you the opportunity to switch careers. Thus, despite the lengthy period that one has to spend in the classroom to earn the degree, the investment made is always worthwhile.
In the course of taking... [Continue Reading]
When the paternity of a child is called into question, it can have all kinds of effects on every person involved. There may be pressure on the grandparents, stress on the alleged father, stress on the mother, and even stress on the child involved. Some people might choose to wallow through this stress because even the thought of an actual paternity test seems too expensive. A home paternity... [Continue Reading]
Negotiating a salary can be an awkward situation. There seems to be a taboo around discussing personal financial matters, especially amongst British people. We are not good at haggling – it is just not in our nature.
Negotiating a wage requires nerves, bottle and a little bit of cheek. These are qualities that the top sales people tend to have. For us mere mortals,... [Continue Reading]
Baseball is heralded as America’s pastime and will always be imbedded into American culture. The game that simply uses a stick, ball, and glove has produced years of legendary games and iconic figures. From Babe Ruth’s called shot to the incredible comeback of the 2004 Boston Red Sox, baseball captures our imaginations and has developed into a lucrative worldwide business.... [Continue Reading]
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Personal Finance News
CHICAGO — In days gone by, managing your personal financial affairs was far simpler than looking after your business finances. Not so much these days. The world of personal finance has become so complex that failing to keep up can put a big dent in ...
(Jan 29, 2015, American Drycleaner)
QUESTION: I purchased a vehicle from a Chevrolet dealership in May. In September, I went to the dealership complaining that the car was cutting out and some other issues. I was told there was a recall on the vehicle and that the dealership would put me ...
(Jan 28, 2015, Richmond.com)
Mortgage rates have fallen to a record low as lenders ramp up a price war – with struggling homebuyers lined up to benefit. HSBC will announce a new two-year fixed rate mortgage on Monday that undercuts its existing 1.29% deal. The offer is reserved ...
(Jan 28, 2015, Mirror.co.uk)
Moving into 2015, “we plan to continue expanding our marketing channels and will leverage our strength in co-branding to offer our personal loan product to members and customers of other well-known brands,” adds Sabrina Basht, General Manager of ...
(Jan 28, 2015, Rock Hill Herald (press release))
Personal Finance: What People with Government Pensions Should Know about ...
(Jan 28, 2015, GoLocalPDX)
The plethora of choices available to stock investors can seem bewildering at first blush. Some 14,000 companies trade in U.S. Dollars on American stock exchanges and thousands more in their native currencies on foreign bourses. Large cap, small cap, ...
(Jan 28, 2015, Chattanooga Times Free Press)
Despite Volatile Week, 30-Year Fixed Mortgage Rates Remain Near 20-Month ...
(Jan 27, 2015, CNNMoney)
News @ Noon: Maximize Your Grocery Savings with Tips from WJON's Personal ...
(Jan 27, 2015, WJON News)
Over the last 16 years, the Fed Funds Rate and the average 30-year fixed rate mortgage rate have differed at times by as much as 5.25%, and by as little as 0.50%. If the Fed Funds Rate were truly linked to U.S. mortgage rates, the difference between ...
(Jan 27, 2015, The Mortgage Reports (blog))
The 30-year, fixed-rate mortgage rate moves closely in tandem with the ten-year U.S. Treasury bond rate, explains Dotzour. Bond investors have numerous choices for investments, including residential mortgages, Fannie Mae and Freddie Mac bonds, ...
(Jan 27, 2015, KBTX)
Its personal loan rates are relatively low, from 4.25% to 9.25% for loans up to $30,000, while its student loan refinancing rates are even lower, 1.92% to 7.5%. Beryl says that the reason they are able to make such cheap loans is because they have ...
(Jan 27, 2015, BuzzFeed News)
Earnest launched in September 2013 with its personal loan product that's typically tapped for life events like weddings, childbirth, or personal educational growth. The company actually has partnerships with coding academy's and professional training ...
(Jan 27, 2015, TechCrunch)