Recent studies have shown that an average individual in a developed country spends almost forty per cent of his or her monthly salary before earning it. Today’s society runs on credit and with loans being easily available for the fulfillment of each and every desire, be it owning a new car or going on a […]
Category Archives: Finance General
401k retirement plans are special types of accounts, financed through pre-tax payroll deductions. The funds in your account are invested in various ways. Your funds can be invested through any number of stocks, mutual funds, and other ways, and it is not taxed on any capital gains or interest until the money is pulled out […]
A 401(k) plan is an employer sponsored plan. The employer makes direct contributions to the account that are deducted from the employee’s paycheck. Most companies will match the paycheck contribution up to a certain percentage. In general, the contributions are before tax dollars and grow tax deferred until they are withdrawn. After-tax contributions are also […]
People interested in a 100 percent refinance are looking to cash out the total value of their homes. This type of loan does not require any down payment and one can use the money for anything that they like. Fixing up one’s home, paying off bills, or going on vacation are all legitimate options. When […]
When an individual refinances the full value of your home, they are essentially taking out all of the value of the property. It will cost. One will typically be required to pay up to three percent of the home’s total value to cover closing costs. Also because one is using up all of the equity […]
Did you know that within the United States alone, there are 10,000,000 victims of identity theft every year. That is a stunning 27,400 cases every day or 1,140 victims every hour. What is even more disturbing is that by all indications, this problem will get worse before it starts to get better. Identity theft happens […]