Some 401(k) Fears Valid, Others Not, Experts Say

Posted by Richard on April 10, 2019

Fear: The boss might steal it. Somewhere on an assembly line is a young worker who once told a reporter: I wouldn’t put my money in a 401(k) because the boss could steal it. Rest easy. In average situations, there is very little chance the boss could steal the money from a 401(k), which would […]

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Taxes And Retirement

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Upon retirement, you don’t get a paycheck with the proper amount of taxes withheld. That’s obvious. What may not be so obvious until you retire is the amount of taxes you owe. Unlike employees, retirees write checks for their taxes, making them acutely aware of their tax burden. Of course, everything we save for retirement […]

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I Want To Sell My House. Now What Is A Comp?

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The home you’ve cared for and loved might seem incomparable to you, but when you sell (or get a home equity loan), someone is going to have to find a comparison. In the language of real estate and mortgage that is called comps. Comps help answer the biggest question on your mind and a lender’s […]

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Looming Security Threat: Your Phone Number May Be Vulnerable

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Suppose for some reason you lose your phone number. Then suppose it is recycled to people with bad intent. Could the number be used to fetch passwords? Could they get into your email? You bet they could. Millions of people get new phone numbers, some of which have been used in the past by someone […]

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What Do Daffodils And Real Estate Home Sales Have In Common?

Posted by Richard on March 14, 2019

You know the answer: They both bloom in spring. About 40 percent of home sales will be taking place from now to June, when the spring season gets people motivated to find a house, move and settle in before fall. April is the time to get your home in tip-top condition to sell. According to […]

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Caution Lights For The 2018 Tax Filer

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The Tax Cuts and Jobs Act of 2017 (TCJA) may not mean reduced taxes for every taxpayer, but it figures prominently for the American population as a whole. According to TaxAct.com and other sources, the tax rates of past years are gone. Almost every tax rate and bracket for each filing status have been changed. […]

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How To Fund Your Small Business

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To start a small business, most entrepreneurs tap into their funds first, even when they also plan to procure debt financing in the form of a small business loan, equity financing from angel investors, or a venture capitalist. Otherwise, virtually every lender expects the person seeking a business loan or equity investment to make a […]

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Top Cybersecurity Threats In 2019

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Data breaches, hacking, and skimming — all of it poses a threat to consumers and business during 2019. According to the Identity Theft Resource Center (ITRC), data breaches increased sharply in 2018 with 1,027 breaches reported and 57,667,911 records compromised. Today’s hackers are very deft at outsmarting security measures, said Michael Bruemmer, Experian Vice President […]

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Millennials Become Buyers As Market Normalizes

Posted by Richard on February 12, 2019

Eleven years after the real estate crash that triggered a recession, there’s good news: the market appears to have normalized in recent years. Sales prices have rebounded but are not extreme, and loans are more readily available than in those first few panic-stricken years. Meanwhile, the Millennial generation (ages 22 to 36), are aging into […]

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Is Debt Consolidation Wise?

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According to ConsumerCredit.com, people thinking about consolidating debts often have one question: Is debt consolidation wise or not? The answer is maybe. As one might expect, the wisdom of debt consolidation depends on several factors: – The interest rate on the new loan. – The consumer’s goal in taking out the new loan. – The […]

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