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Senate Majority Leader Mitch McConnell said Tuesday that Americans will receive another stimulus check as part of the next round of COVID-19 relief package. Unfortunately, it seems that Republicans are not on the same page about the details of another proposal to help individuals and struggling businesses survive these hard times. Toss Democrats in the mix and you have a …
Dividends are taxable income. Sure it would be very nice if you get to keep all of it, but Uncle Sam wants his share of it! So, before you start investing in businesses that pay out dividends, you should take into consideration tax consequences. Qualified vs. nonqualified dividends First thing first, there are two types of dividends: nonqualified (ordinary) and qualified. …
As a young adult, I never really thought about buying term or any life insurance. Maybe because a 20-year-olds don’t think about their own mortality. And because I was lacking the life experience. However, now that I am expecting my first child, many thoughts are crossing my mind that hasn’t before. I want to make sure that if something happens …
Is paying off the mortgage early sound financial decision? Real estate agents, bankers, financial advisers, and money managers have their opinion. There is no one size fits all, and the decision to contribute a little extra on top of your monthly payment should come after some serious consideration. Do you have an emergency fund in place? Without one that covers …
What is Robinhood? Robinhood Financial is a start-up company based in CA that offers free stock, options, cryptocurrencies, and ETF’s trading. It was established in 2013 and it proved to be a disruptive force to the financial market. Their goal was to make investing available to anyone, not just the people with deep pockets. That’s why trading is free of …
How we manage our credit card debt and how long it will take us to pay it off greatly depends on our circumstances. We all have different life stories. With the right strategy (think military) you can fight and win. Let’s strategize! First step: MEET YOUR ENEMY First things first: Check your financial health. As with any problem, you have …
