Mitch Strohm is a freelance writer and digital marketing consultant. He’s been covering the personal finance and credit card industry for more than 12 years.
Previously, Mitch managed a number of niche personal finance focused sites, where he oversaw a team of experts to develop credit card, loan, and savings content. He has also held senior positions in content marketing and social media.
It is rarely just one thing that gets people into financial trouble serious enough to consider bankruptcy. More often, it is a sort of double whammy. For example, losing their job, then being diagnosed with a major illness. Or taking on a big mortgage right before the job they were counting on to pay the…
Social Security is a U. S. federal program that provides recipients with benefits, including retirement and disability income, Medicare and Medicaidand death and survivorship. Social Security taxes are collected and used to disburse these benefits. Key Takeaways Certain religious groups qualify for Social Security tax exemption if they are recognized as being officially opposed to…
What Is a Curve Steepener Trade? A curve steepener trade is a strategy that uses derivatives to benefit from escalating yield differences that occur as a result of increases in the yield curve between two Treasury bonds of different maturities. This strategy can be effective in certain macroeconomic scenarios in which the price of the…
What Is the Composite Index of Lagging Indicators? The Composite Index of Lagging Indicators is an index published monthly by the Conference Boardused to confirm and assess the direction of the economy’s movements over recent months. Key Takeaways The Composite Index of Lagging Indicators is a composite economic indicator that lags behind changes in the…
What Is a Registrar? A registrar is an institution, often a bank or trust companyresponsible for keeping records of bondholders and shareholders after an issuer offers securities to the public. When an issuer needs to make an interest payment on a bond or a dividend payment to shareholders, the firm refers to the list of…
What Is a Red Clause Letter Of Credit? A red clause letter of credit is a specific type of letter of credit in which a buyer extends an unsecured loan to a seller. Red Clause Letters of Credit permit documentary credit beneficiaries to receive funds for any merchandise outlined in the letter of credit. These…
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