opinion
Do you get taxed on high-yield savings account?
The interest you earn on your traditional or high-yield savings account is considered taxable income. You won’t pay interest on your deposits, but you wil...
Read Journal Category
Opinion
opinion
What are the best futures to trade?
Crude oil futures are the most efficient way for you to trade the global oil markets. The NYMEX WTI — the most actively traded crude oil contract — trades...
Read Journal
opinion
What percentage should you set aside for retirement?
When saving for retirement, most experts recommend an annual retirement savings goal of 10% to 15% of your pre-tax income. High earners generally want to ...
Read Journal
opinion
Can I use the equity in my house to renovate?
If you’re looking to perform cosmetic renovations (that is, fixing up the kitchen or bathroom, or repainting walls) and you have at least 20 per cent equi...
Read Journal
opinion
What is a proof of hardship?
In general, a financial hardship situation is one that forces you to either decide between meeting basic living expenses or paying your bills. To prove th...
Read Journal
opinion
Why is tax preparation important?
In terms of missed deductions or triggering an IRS letter or audit; a tax professional can help eliminate errors and ensure your returns are prepared corr...
Read Journal
opinion
How much can I withdraw from my 401k at age 60?
There’s no limit for the number of withdrawals you can make. After you become 59 ½ years old, you can take your money out without needing to pay an early ...
Read Journal
opinion
What is the most effective way to purchase a home?
Preparing to buy tips Start saving early. Decide how much home you can afford. Check and strengthen your credit. Explore mortgage options. Research first-...
Read Journal
opinion
What does reversal of debit mean?
Consumers can reverse a debit card purchase for several reasons as long as their bank agrees to the reversal. Debit reversal funding refers to having the ...
Read Journal
opinion
Do you pay interest every month on a personal loan?
Understanding Interest Rates on Personal Loans Most personal loans actually use the monthly periodic rate, arrived at by dividing the APR by 12. When appl...
Read Journal