What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. Comparing passive investments 2. Handling mistakes 3. Turning down guardianship 4. Am I being paranoid? 5. Disposable homes 6. How much for retirement? 7. To move […]
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Principles that have guided the nation since its founding no longer are very important to millions of Americans, according to new polling.
Fed chair Jerome Powell had been uncompromising in his language on the need for more rate jumps before that banking chaos emerged, telling the Senate Banking Committee on March 7 that the central bank “would be prepared to increase the pace of rate hikes” if the economy continued to move at its current clip. The … [Read more…]
A homeowner who has equity in a primary residence may be able to use a home equity line of credit (HELOC) to make the down payment on a second home. The amount of equity limits the amount of money a ⦠Continue reading â
The post How to Use a HELOC for a Down Payment appeared first on SmartAsset Blog.
A savings account is the most basic sort of bank account. And it is appropriate for almost anyone interested in being smart about managing their money. If you are trying to accumulate funds to reach a short- or long-range goal ⦠Continue reading â
The post Who Should Open a Savings Account? appeared first on SmartAsset Blog.
Contributing to a flexible spending account (FSA) could save you several hundred dollars in taxes. FSAs do this by exempting contributions from federal and state income taxes, as well as payroll taxes. FSAs do have some limitations, including a cap ⦠Continue reading â
The post How FSAs Save You Money on Taxes appeared first on SmartAsset Blog.
You may be able to choose to receive a single lump sum payment representing six monthsâ worth of Social Security retirement benefits. The lump-sum option is only available to people who have reached full retirement age without filing to receive ⦠Continue reading â
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Dividends are payments that some companies make to shareholders to reward them for investing in them. Dividends can provide regular, predictable income to investors who also preserve the chance of profiting from price appreciation. Dividends can qualify for advantageous capital ⦠Continue reading â
The post How Do I Avoid Paying Tax on Dividends? appeared first on SmartAsset Blog.
Some banks limit how often you can transfer money out of a savings account. Exceeding the allowed quota of transfers via ATM, electronic bill payment or other methods could result in being charged a fee, having your savings account changed ⦠Continue reading â
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