Tag: What If
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How much do stock traders earn in one day?
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Day trading in stocks is considered an intriguing subject, leading many to wonder about the amount of money stock traders can make in a single day. The amount of money that stock traders earn in a day can vary greatly; some may lose their entire capital, while others leverage their…
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How does a 0% balance transfer work?
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Introduction You cannot pay off one credit card using another credit card, but you can transfer the balance to another credit card using a balance transfer. Some credit card companies offer special promotional interest rates on balance transfers to attract new customers. Benefits of 0% Balance Transfers You can maximize…
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Guide to Changing Your Benefits When Switching Jobs
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Health Insurance There is usually a waiting period at a new job before you are eligible for health insurance. You still need health insurance coverage during that period. You can choose between using COBRA insurance or a short-term health insurance policy. A short-term insurance policy will cost less but is…
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What if there was no stock market?
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Imagine a world without a stock market. Things might be better in some ways and worse in others. You may not even realize some of the ways the stock market has affected your life, financial prospects, and the overall economy. You would have to buy and sell your own stocks…
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What to do when a job offer is rescinded
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What happens when a company decides that it no longer needs you after offering you a job? What are the rights of those who have had job offers rescinded, what actions are available, and what happens regarding the signing bonus or advance once the offer is withdrawn? What if you…
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Can debt collectors come to your house? Your rights.
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When you fall behind on your payments, it’s likely that you can expect to receive a few messages and phone calls from creditors and collection agencies. Those collection efforts are considered somewhat routine. Although they can be annoying – especially if you’ve already explained that you cannot pay or that…
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Do credit limits affect your rating?
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Your credit scores are an indicator to lenders of your likelihood to repay loans or default. While your debt repayment history is one of the most important factors, there are other factors that can raise or lower your scores, sometimes even within a month. Your credit utilization is one of…
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Examples and Formats of Email Messages Attached to a Cover Letter
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What to Include in Your Email Cover Letter The email cover letter should include all the essential elements of a printed cover letter and serves the same purpose: to convince the hiring manager to invite you for an interview. It’s crucial to follow the employer’s instructions to avoid being dismissed…
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Retirement Sales in Banks
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Banks sell a variety of annuities, and sometimes these annuities may not be suitable for the client. If you have a lot of money in your checking account, you might wonder if you can earn more through different investment options. The money is already in the bank, and the people…
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How to Calculate the Break-Even Point
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Calculating the break-even point is a key financial analysis tool used by business owners. Once you know the fixed and variable costs for the product your company produces or have a good approximation, you can use that information to calculate your company’s break-even point. Small business owners can use the…
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How to Obtain the Child Tax Credit
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What is the Child Tax Credit? The Child Tax Credit is a tax credit that helps reduce the amount you owe to the IRS when you have a tax bill. From 2018 to 2020, the credit allowed you to deduct $2,000 for each qualifying dependent child under the age of…
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How to Protect Your Banking or Investment Accounts
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There are many ways you can lose money in this world, so it’s important to know whether your money is protected against losses and how to safeguard it. Bank and Credit Union Failures Banks and credit unions are generally very safe places to keep your money. You are not exposed…
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What to do if you forgot to claim your IRA deduction
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The tax code is complex. It’s easy to forget or overlook the steps and actions related to taxes, but the opportunity hasn’t been lost forever if you ignored some tax deductions. You can still claim deductions for the annual contributions you made to your traditional individual retirement account (IRA) in…
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What is pension risk transfer?
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In this article, we will explore the concept of retirement risk transfer and how it works, as well as its different types and what retirement risk transfer means for plan participants, the differences between retirement plans and lump sum payments, and how a financial planner can add clarity to this…
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Short-Term Dividend Distributions of Mutual Funds
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Introduction Taxes are a complicated subject, but the tax on short-term capital gains from mutual funds is one of the least understood topics when it comes to investing. Many know about short-term capital gains, but understanding short-term capital gain distributions from mutual funds can be much more challenging. Short-Term Capital…
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Tax-Protected Retirement Savings Plans
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Retirement saving is a lifelong ongoing activity. Saving as much as possible over time helps reduce the amount you pay in taxes each year and allows you to accumulate more assets for your future retirement. Individual Retirement Accounts Any taxpayer with earned income (from wages or self-employment) can fund an…
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How to Catch Up on Retirement Savings
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No one wants to wake up one day and feel like the years have passed without them noticing. But do you know what’s worse? Waking up and realizing that you’ve fallen behind in your retirement planning. Unfortunately, this is the situation that many Americans find themselves in. According to research…
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How to Handle Joint Financial Matters After the Husband’s Death
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Coping with Grief After the loss of a loved one, it is essential to give yourself enough time to process your grief. You may feel that the various tasks you need to handle seem overwhelming, so remember to take breaks and allow yourself to go through this phase. To facilitate…
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What happens if you die without a will?
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Learn how inheritance laws affect asset distribution How to Protect Your Beneficiary Will A will names the beneficiaries who will receive your property along with who will manage and distribute your assets. If you do not have a will that specifies how your assets should be distributed to beneficiaries, your…
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Questions and Answers about Unemployment Insurance Claims
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The loss of a job is painful, and sometimes the process of obtaining unemployment benefits can add to that stress. It can be difficult to communicate with the unemployment office for help with your questions or to resolve issues related to your claims. During periods of high unemployment, the application…
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How to Know if You Qualify for Unemployment Benefits
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Eligibility for Unemployment Benefits How can you find out if you’re eligible for unemployment benefits? Each state sets guidelines that determine whether an individual qualifies for unemployment benefits and how much compensation they will receive. There are requirements for eligibility for unemployment benefits, including working a certain number of weeks…
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Tax-Exempt Account vs. IRA Account: Which is Better for Investment?
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When you are ready to start thinking about saving for retirement, you have options in two main categories: taxable accounts and Individual Retirement Accounts (IRAs). Taxable accounts are general tools for saving and investing. IRAs are built with retirement in mind. Each type of account has distinctive features. The Differences…
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What if my wife is lying to me about financial matters?
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Managing money can be difficult in any relationship, but it becomes more challenging when one partner is lying about financial matters. The lies can be anything, but they often involve hiding the following: Gathering Information Before confronting your spouse, it is important to know as much as possible about the…
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How to Appeal Property Taxes (and Win)
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How to Calculate Property Taxes? Property taxes are determined based on the value of the property. They are commonly known as a type of tax that is based on value, as “ad valorem” from Latin means “according to value.” Property taxes are calculated by applying the tax rate of the…
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What if my husband does not want to merge finances?
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When you get married, you become a team working towards achieving your shared goals, which include financial goals. That’s why, once married, it’s best to merge finances. Setting a Household Budget If your spouse is not willing to merge finances, you should understand the reason, and then work on finding…