Finance Tips on a daily basis for all major and minor financial issues.
Since discretionary income reflects everything we have to spend after taking care of necessary expenses, there has never been a more relevant time to familiarise ourselves with the term than right now. If you’ve found yourself drowsy – thanks to the mess that’s our economy – after sensing the looming thunder of another recession after…
Defined-Benefit vs. Defined-Contribution Plan: An Overview Employer-sponsored retirement plans can be broken down into two broad categories: defined-benefit plans and defined-contribution plans. The names are self-evident – a defined-benefit plan, also known as a traditional pension plan, guarantees an employee a certain amount of payment in retirement. A defined-contribution plan provides employees with an opportunity…
What Is a 457 Plan? A 457 plan is a tax-advantaged retirement savings plan that is offered to certain employees of many state and local governments and of some nonprofit organisations. In many ways, a 457 plan is similar to a 401(k) plan, which is the retirement-savings vehicle most common in the private sector. It…
What the Fed’s Latest Hike Could Mean for Savers and Borrowers To access the from five to 20 highest nationwide rates across the board on any account type, click the related heading in the left panel. But will they go higher still? This is certainly possible — and even likely among a certain subset of…
What Is a Trust Company? A trust company is a corporate trustee, agent or fiduciary that holds legal title for the benefit of a person or business for administration, management and ultimate transfer to a beneficiary or beneficiaries. The trust company is the custodian of trusts, estates, custodial arrangements, asset management, stock transfer, beneficial owner…
Stocks tumbled on Friday as investors worried that a stubbornly sturdy jobs market might be pushing the US economy towards a difficult downturn as the Federal Reserve raises interest rates to rein in inflation. The S P 500 fell 1.8 per cent for its first back-to-back losses of at least 1 per cent since April,…
Despite appearances, the question of how many stocks are ‘Best’ has no single ‘right’ answer. How many stocks to hold in your portfolio is ultimately a very individual affair, from the country you live in to your time horizon, the state of the market, or any number of other factors – and how closely you…
Picture this. You want to buy your first home. You also have a fair amount of student loan debt, about $100,000, and your monthly payments are a burden. Your friends all seem to be moving into cars or taking on roommates – anything to be able to buy a home in Los Angeles. Many are…
Mortgage brokers are agents who put small business owners in contact with lenders; they don’t make loans, they just arrange them, and they usually get a payment of 1% to 2% of the loan amount from the borrower or the lender for each deal they arrange. This article examines the most recent available can earn….