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Insurance
Is It Worth It for Seniors to Get Term Life Insurance?
Many retired households wonder if they need to get life insurance now. After all, while employees’ savings and 401(k)/IRA accounts follow them after they stop working, their employer-sponsored life insurance doesn’t. A whole life policy, however, is too expensive. Even the best term life insurance for seniors over 60 years old would cost less than a quarter of the premiums…
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Budgeting
The 2020 W-4 Changes: How Will It Impact Your Paycheck and Refunds?
Before sending out paychecks, a company is required to withhold payroll taxes for its employees. The amount is based on the federal withholding rate, minus “allowances” (i.e. credits or deductions), such as childcare expenses. Working individuals report these allowances on the Form W-4. However, the IRS is changing paycheck withholding rules because the 2019 W-4 filings created a lot of…
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Investing
How Much Should I Invest if I Make $50K a Year?
Committing to an investment plan early in life will lead to a much more prosperous future. But the question is, how much of your current income should you be investing if you want to retire and become financially free at an earlier age? There are rules of thumb for this sort of thing, but the real answer is that the…
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Investing
Consequences of Making Poor Investment Decisions
A good investment can bring great benefits in the same way a poor investment decision can sound the death knell for your finances. Financial advisors exist to assist investors in making any number of investment choices. Investing your money at the stock market can yield positive results when you work on sound financial advice from a good planner, even if…
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Credit Cards
Most Common Credit Card Frauds and How to Avoid Them
As scammers continue to devise new ways of carrying out their evil acts, it is important that we know the most common credit card frauds and how to stop them in their acts. Credit card fraudsters always devise an intelligent method to defraud their victims. No matter how secure the latest banking system may appear to be, credit card scammers…
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Budgeting
Roles of Financial Advisors in Achieving Your Financial Goals
The roles of financial advisors cannot be overstated, especially if you are planning on managing your money effectively to achieve financial success. Even if you are having some difficulties in your business, maybe as an individual, family, or a business owner, you can also benefit from the wealth of knowledge of a financial advisor. Before we proceed, what even is…
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Banking
Moving Into the Future: Technological Trends in Banking
As with almost every industry, banking benefits from the latest technologies.
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Credit Cards
Everything You Need to Know About FICO Scores
While most consumers are aware that they have a credit score, many do not fully understand how their scores impact their finances.
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Credit Cards
Why Use a Credit Card Instead of a Debit Card?
Credit cards and debit cards do not work the same way. They have their advantages and drawbacks that may convince or hinder you from choosing one or the other.
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Budgeting
What Is the Best Freelance Bank Account for Business?
Life as a freelancer is easy when you don’t have to worry about cashflow and budgeting. Opening separate business and personal accounts will certainly help you achieve this. To clarify, the best freelance bank account should make it easy for you to transfer money, receive payments, and minimize fees. Without these tools and features, freelancers will find it difficult to…
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