Bloglikes - Personal Finance https://www.bloglikes.com/c/personal-finance en-US Thu, 15 Apr 2021 16:55:48 +0000 Sat, 06 Apr 2013 00:00:00 +0000 FeedWriter These States Will Pay Off Your Student Loan Debt for Moving There https://twocents.lifehacker.com/these-states-will-pay-off-your-student-loan-debt-for-mo-1846687955

It’s a novel idea for any state that wants to attract skilled professionals—in exchange for moving there, they will pay off your student loan debt. Illinois is doing just that, as they have recently joined Maryland in launching a “SmartBuy” program that pays off your student loans if you get a mortgage in their state.…

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Thu, 15 Apr 2021 11:00:00 +0000 BlogLikes - Find Most Popular Blogs Student Loan Debt Business Finance Health Medical Pharma Credit Student Loans In The United States Mortgage Loan Student Financial Aid Money Forbes Economy Loans Student Debt Finance Personal Finance
Understanding the Silver Purity Before Investing http://feedproxy.google.com/~r/FreeMakeMoneyAdvice/~3/E8hCzVQvzu0/ Silver in its pure form is quite soft, and hence, like gold, it is mixed with different alloys to give it more durability. Even a minute difference in purity can significantly impact the overall value of the silver product that you may be planning to buy.

So, it is essential to comprehend the different figures used for measuring silver purity.

 

Measuring the Purity of Silver

The purity of silver bars or coins available on websites like https://www.indigopreciousmetals.com/ is known as millesimal fineness. It measures the overall purity based on parts per thousand. Just like gold, silver is also measured using millesimal fineness, with its purest form measuring 0.999. 

When you are investing in silver, you may have come across terms like Brittania Silver or Sterling Silver. Such hallmarks are a direct reference to silver’s purity, and you can find it stamped on the metal you buy. 

Both Sterling Silver and Britannia Silver are faintly less pure compared to fine silver. Sterling Silver measures 92.5 on the millesimal fineness scale, while Britannia Silver measures 95.8. A few silver bars are made with Sterling Silver, just like certain antiques and collectibles. 

 

Fine Silver

The millesimal fineness scale, the system for grading the purity of the silver, is expressed in decimals. If you are planning to invest your money in silver, remember that any silver used for trade or investment in commodities and metal exchanges should be 99.9 percent pure or .999, also known as “three nines five.” 

Any investment grade fine silver will be stamped with a hallmark certifying its purity. For instance, Sterling Silver which is used for jewellery, has a purity of 92.5 percent. So, if you check the jewellery the number 925 will be stamped on it, indicating the purity.

The silver coins, which are minted for general circulation, usually use silver with a purity mark ranging between eighty and ninety percent. For bullion coins and silver bullion, only fine silver is used. Those silver that is stamped with 0.999 purity, are the ones that have good value in the trade market. 

 

Products Made With Fine Silver

As fine silver is considered too soft for commercial, industrial, and jewellery use, it is primarily set aside for investment products. Some of the most common silver bullion types are coins, bars, or ingots. 

The standard sizes for bars are one, five, ten, and hundred ounces. Rounds or silver bullion coins are sought after by many for investment purposes. Some of the world’s large mints have one signature silver coin. For instance, the Perth Mint of Australia has a famous Silver Kangaroo; the Royal Mint in London has silver Brittania. 

 

Check the Silver Purity before Investing

Though you may buy silver coins and bars from any source, it is essential to check whether they are reliable and trustworthy. Primarily when investing in silver bars, make sure that you get them from reputed sources. 

Don’t ever purchase silver from unknown traders, as you will have difficulty determining the bars’ purity on your own. 

 

With silver’s value always on the top, many people believe that investing in silver is far superior to other precious metals. With the stakes consistently high, make sure that you buy the silver from reliable sellers to get good returns in the investments. 

The post Understanding the Silver Purity Before Investing first appeared on Free MAKE MONEY Advice.]]>
Tue, 13 Apr 2021 10:22:35 +0000 BlogLikes - Find Most Popular Blogs Finance Personal Finance
Reasons to Go for Online Installment Loans If You Need to Borrow Money http://feedproxy.google.com/~r/OnMoneymaking/~3/dKWAWmuhvTE/reasons-to-go-for-online-installment-loans-if-you-need-to-borrow-money.html There are times in life that you have to deal with important expenses, and you have no sufficient money to cover them. There’s that need to buy a car because it’s more practical to drive your own car than take public transport every day you go to work. Or, perhaps, you want to purchase a house for your family, which requires a significant amount for a down payment. 

If you don’t have money to purchase the essentials mentioned above, you can borrow cash through an online installment loan. Getting installment loans online can be beneficial for you in more ways than one. 

In this article, you’ll know the basic information about online installment loans and the reasons why you should choose this loan type if you need to borrow money. 

What is an Online Installment Loan?

It’s easy to guess what an online installment is just by its name. Online lenders provide this type of loan, which has a monthly installment or repayment structure. You can use this loan for purchasing a home, car, or for paying tuition fees. 

As with almost all types of loans, online installment loans come with loan terms, interest rates or annual percentage rates, and additional fees. 

Loan Term

This is the duration of the loan as specified in the agreement between the online lending company and the borrower. Online installment loans have loan terms that last for several months or a long number of years. Home loans, for example, have loan terms of about 15 to 30 years. Understandably, the larger the loan amount, the longer the repayment duration. 

Interest Rate

The interest rate is the proportion of the amount borrowed which the lending company charged as interest to the debtor. The interest rate of a loan varies according to several factors, such as the debtor’s credit score, the lending company’s policy, the loan amount, and the loan term. 

Additional Fees

Depending on the lender’s policy, you may have to shoulder fees in addition to the interest charges. Examples of these are the origination fees, application processing fees, prepayment fees, and/or late payment fees. It’s crucial to know about these extra charges before you take out a loan. 

Online Installment Loans: Benefits

Not a few people will think twice about taking out a loan, especially from an online lender. There are those who will doubt the credibility of online lenders and the security and privacy of an online loan application. But there are actually several good reasons why online installment loans can be beneficial to borrowers. 

Easy and Fast Loan Application

The number one benefit of applying for a loan online is that it makes the application process fast and smooth. You don’t need to go to the lender’s office to fill up an application form. All you need to do is visit the lender’s website and provide your personal information in an online application form available on the site. 

After you have provided everything in the application form, the lender will immediately assess it for approval. If you get approved for the loan, you can get the money you need within the day or the next business days. 

Lenient Requirements

The requirements for online installment loans are less stringent than the loans provided by traditional banks or credit unions. Some online lenders won’t even check your credit, but only your employment status and monthly income. If you possess a low credit score, find a lender online that offers “no credit check” for their loan offerings. 

Inexpensive Interest Rates

It’s always wise for borrowers to find out the interest rate of a loan before applying for it. Many people nowadays are fed up with the high interest on loans offered by traditional banks and credit unions. That’s why they go to online lenders to avail themselves of affordable loans. 

Payday loans and credit cards typically are more expensive due to their interest charges compared to online installment loans. Furthermore, the latter has a fixed interest rate , which means that you know exactly how much you need to pay each month. 

Easy to Manage

It’s easy to set aside a budget for your monthly loan repayment because of the manageable and predictable repayment structure of online installment loans. There are also some online lenders that allow for weekly or biweekly payments to make it faster for borrowers to pay off their debts. 

It Can Build and Improve Credit

The credit score is an important factor to get a low-interest rate loan. So, if you’re planning to build or improve credit, getting an online installment loan is a good option. But you should see to it that you pay the loan on time to increase your credit score. 

Takeaway

Online installment loans can give you benefits that you can’t find in many traditional loan offerings. If you’re looking for a simple and fast loan application process, affordable interest rates, lenient loan requirements, and a manageable repayment structure, you must consider getting an online installment loan.

The post Reasons to Go for Online Installment Loans If You Need to Borrow Money first appeared on Wealth Creation and Saving Strategies | OnMoneyMaking.]]>
Mon, 12 Apr 2021 21:19:31 +0000 BlogLikes - Find Most Popular Blogs Personal Finance Marketing Online
Policygenius review: Compare quotes for car insurance, homeowners insurance, and more http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/szEdUYCEDWU/policygenius-review Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

Table of Contents: Masthead Sticky Policygenius Review 4x3

Policygenius; Alyssa Powell/Insider

Should you use Policygenius? You may like Policygenius if you ... You may not like Policygenius if you ...
  • Want to compare multiple insurance options
  • Prefer a free option to shop for insurance
  • Want to chat online or over the phone with a human representative
  • Would like to learn more in-depth about different types of insurance
  • Want a user-friendly interface
  • Want to buy insurance directly from the insurer
  • Are shopping for permanent life insurance or homeowners insurance, since these policies require extra consideration
  • Can find a lower rate from an insurer Policygenius doesn't partner with
  • Prefer in-person communications
  • Want a mobile app

The bottom line: Policygenius is a good free insurance marketplace choice, provided you're comfortable communicating online and having a third party cull down your options. However, if you're looking to buy homeowners or life insurance, it's generally better to talk with experts such as an insurance agent and financial advisor to find the best policy for your needs.

What is an online insurance marketplace provider?

Online insurance marketplace providers offer you quotes from several insurance companies, allowing you to compare policy prices in a similar way to how you can use Expedia to compare airline ticket prices.

Not all insurance marketplaces give you quotes for all types of insurance. Quotes can be real-time or estimated, and you'll receive them after entering basic information about yourself and your financial situation, depending on the type of insurance you want.

Policygenius review

Policygenius is an online insurance marketplace that offers quotes for several types of insurance policies. The platform is free to use and makes its money by getting paid a commission from insurance companies for the policies they sell.

Depending on the type of insurance you're looking for, you'll have to put in a varying amount of information to get your quotes. For instance, applying for pet insurance will require you to fill out basic information about your furry friend, its previous medical history, and the coverage you're looking for. Then the system will spit out the low and high coverage limits for your pet.

Some insurance types are better suited to using a marketplace. For example, renters and car insurance processes are relatively straightforward. On the other hand, for bigger investments like homeowners or life insurance, you'll want to talk to experts like your accountant or financial advisor as you think through this decision more thoroughly. Insurance marketplaces can give you a good rough estimate of pricing, but should not be the last stop on your insurance journey.

Insurance companies submit their prices to state regulators and each insurance marketplace has to use those prices, so you won't get a discount at Policygenius. On the bright side, this means you won't find a lower rate for a certain insurance company on a different marketplace.

You can contact Policygenius customer support Monday through Sunday, 9:00 a.m. to 9:00 p.m. ET. You can also chat online with a representative 24/7, or shoot the service team an email at any time.

A standout feature of Policygenius is the number of articles it has dedicated to breaking down the different types of insurance options they offer. Before taking you to a page to get a quote, Policygenius will redirect you to a guide explaining the type of insurance you are about to apply for and key steps to get the best possible rate.

Policygenius also offers a referral program where you can earn Amazon gift cards if a friend or family member goes through the process. You'll receive a $100 Amazon Gift Card after your referral gets a decision from an insurer on their life insurance application, or a $50 Amazon Gift Card after your referral gives the info needed to calculate their home and auto insurance quotes.

Currently, you can only access Policygenius on a web browser - it doesn't have a mobile app on either the Apple or Google Play stores.

Call customer support Monday through Sunday, 9:00 a.m. to 9:00 p.m. ET. You can also chat online with a representative 24/7, or shoot the service team an email at any time. Unfortunately, there is currently no option for face-to-face communication with an agent.

Insurance options through Policygenius Homeowners insurance

With homeowners insurance, you are financially protected in the event something bad happens to your home, and many mortgage lenders will require that you have insurance for the life of your loan. Homeowners insurance might be the lengthiest process you'll have to undergo to get a quote, but it's with good reason - homeowners insurance is one of the most comprehensive coverage plans available on this list.

To start applying for homeowners insurance on Policygenius, you'll need to enter information about your home, and if it's new, when you plan to close on it. Then, you'll fill out a bunch of specifics about your home, such as when it was built, the total square footage of your home, and your home's primary heating system, among other questions.

You'll answer miscellaneous questions about home renovations, additional natural disaster coverage, and what protective devices are installed in the home. Finally, you'll enter basic personal information about your occupation, annual income, and credit score before inputting your contact information. In Insider's test profile, Policygenius was unable to find a homeowners insurance option on its site, and instead directed us to a partner's website.

Policygenius renters insurance

If you're renting a place and your belongings are damaged or lost due to fire, theft, water damage, or other circumstances, renters insurance will pay to replace them.

When aiming for renters insurance, Policygenius will first ask you basic personal information about who you are and where you live, and then will follow up with questions about topics like current damage to the home and if you have or are planning on getting a dog within a year. Then you'll answer a few more questions about the safety of your home and what other types of coverage you'd like baked into your renters insurance.

That's all the information you need to enter - then you'll choose how large of a policy you'd like to take out and Policygenius will give you an estimate for how much your coverage will cost per month.

Policygenius auto insurance

Auto insurance financially protects you and your car in case you get in an accident that injures someone or damages their property. Almost every state has a minimum amount of car insurance required.

To receive your auto insurance quote on Policygenius, you'll enter information about yourself, your car, and your current policy, including answering questions about your Social Security number, when you got your license, and your employment status. Policygenius will provide you quotes within a couple of days of receiving your information and send you an email with your choices.

You can also get your quotes at the same time as your quotes for your homeowners insurance, should you select the option.

Policygenius life insurance

Life insurance provides a tax-free amount of money, called a death benefit, to a specified beneficiary, paid out after the policy holder's death. It can offer financial stability to the family left behind after a loss. Term life insurance lasts for a certain period before you'll need to renew it (often with a higher rate as you age), while permanent life insurance lasts forever and has a death benefit for your beneficiaries as well as a cash value that you can use during your lifetime.

Whichever type of life insurance you choose, it's important to talk through the right life insurance policy for you with experts.

To find out your personal life insurance quotes, you'll need to decide where you're at in your life insurance process. Are you getting started, comparing quotes, or ready to apply? You'll have to figure out if you match any specific criteria that can have an effect on finding the right policy, such as if you have kids or need coverage for a divorce. The next step in the process is to enter basic personal, medical, and contact information, and then you're done.

After inputting your information, you won't be presented with a list of quotes to evaluate. Instead, one of Policygenius' licensed experts will call to review your quotes and verify your information over the phone. If you're more comfortable handling insurance quotes over the internet, Policygenius' life insurance quotes may not be for you. According to a Policygenius representative, the marketplace offers quotes for both term and permanent life insurance, and term policies can be converted to whole life later in their term.

Policygenius disability insurance

If you're not able to work because of an injury or illness, long-term disability insurance (more than 30 days out of work) replaces your income. Disability insurance could be a good move to protect your income in the case of an emergency.

On Policygenius, you start off by entering basic information about yourself, your job, your education, and your income. Then, you select a monthly benefit amount, your waiting period (the amount of time between the start of your disability and when you begin to receive benefits), and how long you want your coverage to last. Finally, you'll have to answer some questions about your medical history and acknowledge that you'll have to take a medical exam.

After entering this data, you'll receive a quoted price range.

Policygenius pet insurance

You may consider pet insurance to cover up to the entirety of your vet bill and protect you against large, unexpected costs.

Beginning the process to get a quote for pet insurance on Policygenius is simple - just enter the name of your furry companion. Then you'll have to enter information about your pet's breed, gender, age, and pre-existing conditions, as well as your zip code. Next, you'll answer some questions about your eligibility for certain discounts and you'll choose what coverage type you want. After that, you're all set - Policygenius will give you the low and high limits for coverage options.

Policygenius health insurance

While you can't get health insurance quotes directly on Policygenius' website, the company breaks down the essentials about the topic for you with a lengthy informational guide about health insurance basics, types of health insurance, and common health insurance costs. It also provides a state-by-state list of where you can find each health insurance marketplace. Most redirect to healthcare.gov, the federal healthcare portal.

The open enrollment period for healthcare opens at the end of each year and is currently closed. However, you may qualify for a special enrollment period if you've experienced certain life events, like losing a job, getting married, or having a child.

Additional types of insurance available through Policygenius

In addition to the main types of insurance quotes Policygenius offers above, you can also get quotes on:

  • Vision insurance
  • Long-term care insurance
  • Jewelry insurance
  • Travel insurance
  • Identity theft insurance.

Depending on the type of insurance you select, you may be directed to an external site or be presented with a list of trusted partners to select from.

Beyond insurance options, Policygenius also allows you to create a will or trust through its site, starting at $120.

Is Policygenius trustworthy?

The Better Business Bureau gives Policygenius an A- in trustworthiness because the company has several complaints on the website. The BBB evaluates trustworthiness by judging a business's response to consumer complaints, honesty in advertising, and clarity about business practices.

Policygenius does not have any recent scandals. As a result of its clean history and solid BBB rating, you may decide you're comfortable using Policygenius as your insurance marketplace.

How Policygenius compares to other insurance marketplaces

We've compared Policygenius to two other insurance marketplaces with similar offerings and sign-up processes: The Zebra and Insurify.

Policygenius The Zebra Insurify Types of insurance quotes offered Life, homeowners, renters, auto, disability, pet, health, vision, long-term care, jewelry, travel, identity theft Life, homeowners, renters, auto, boat, condo, travel trailer, RV, motorcycle, mobile home Life, homeowners, auto How can you contact the company? Online chat, email, phone Email, phone Online chat, email, phone Mobile app? No No No Shop for insurance quotes Shop for insurance quotes Shop for insurance quotes Policygenius review vs. The Zebra review

Policygenius and The Zebra both offer an expansive list of insurance types you can receive quotes for. You may like The Zebra if you're looking to get a quote on a unique type of vehicle like a motorcycle or RV, while Policygenius might be better for a niche type of insurance like jewelry or identity theft.

If you prefer to get your questions answered quickly via an online chat with a human, Policygenius may be right for you, as The Zebra doesn't have this option. You can contact both companies by email or phone, and neither offer in-person service.

The Zebra will give you your quotes shortly after you input basic information, while Policygenius may ask you to call them to receive your quotes, though the exact process depends on what type of insurance you want.

Your choice may come down to what quotes you are looking for and how quickly you want to get your quotes.

Policygenius review vs. Insurify review

You may prefer Insurify if you want a more streamlined process to get your quotes. For car insurance specifically, Policygenius will direct you to partner sites to get quotes while Insurify lists quotes from multiple companies immediately after you fill out your information.

Both marketplaces have resources to help you understand the ins and outs of different types of insurance, but only Policygenius directs you to these guides before sending you to find quotes. Policygenius' guides are also more comprehensive than Insurify's articles.

Insurify only offers quotes on life, homeowners, and auto insurance, so you may want to consider Policygenius if you're looking for a more specialized type of insurance.

Ryan Wangman is a reviews fellow at Personal Finance Insider reporting on mortgages, refinancing, bank accounts, and bank reviews. In his past experience writing about personal finance, he has written about credit scores, financial literacy, and homeownership.

Related Content Module: More Life Insurance Coverage Read the original article on Business Insider

[Author: rwangman@insider.com (Ryan Wangman)]

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Mon, 12 Apr 2021 17:18:07 +0000 BlogLikes - Find Most Popular Blogs Amazon Personal Finance Trends Insurance Health Insurance Life Insurance American Express Better Business Bureau Travel Insurance Expedia PolicyGenius Auto Insurance Amazon Gift Card The Zebra Insurify Disability Insurance Vision Insurance Long term care insurance Homeowners Insurance Jewelry Insurance Pet Insurance Renter's Insurance IP Graphics Alyssa Powell PFI Related Content Module Identity Theft Insurance Trust And Will PFI Reviews Policygenius Homeowners Ryan Wangman
An Age-By-Age Guide to Teaching Kids About Money https://offspring.lifehacker.com/an-age-by-age-guide-to-teaching-kids-about-money-1846651973

From figuring out how to count change, to the , to the pitfalls of credit cards and debit cards, our kids have a lot to learn about money before they go off on their own. It would be great if personal finance was taught in school, but it rarely is, so it’s our job as parents to equip them with the…

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Mon, 12 Apr 2021 11:00:00 +0000 BlogLikes - Find Most Popular Blogs Personal Finance Money Articles Economy Credit Card Lifehacks Financial Services Digital Currency Debit Card Cheque Debits And Credits
Nonfungible tokens or NFTs: Neither miracle nor scam https://www.dailynews.com/2021/04/08/nfts-are-neither-miracles-nor-scams-2/ On Thursday, my colleague Kevin Roose sold a crypto token of a newspaper column for more than a half-million dollars. (For charity!) Someone paid $69 million for a digital file of a collage that anyone can view online.

This is part of the mania of the moment in nonfungible tokens, or NFTs, and they are an example of people rushing to judgment about basically anything new and novel.

I have some straight talk: The proliferation of NFTs will probably not be the world-changing revolution that its proponents claim. And it’s probably not an entirely absurd bubble, either. As with other emerging technologies, there is a good idea in there somewhere if we slow down and resist the hype.

Allow me to explain to normal humans what’s happening: NFTs are essentially a way to transform a digital good that can be endlessly copied into something one of a kind. When someone buys an NFT, what they’re effectively getting is the knowledge of owning an official version of a cat with a Pop-Tart body, a song, a video clip of a basketball dunk or another virtual thing. The records of ownership are maintained on a blockchain.

Perhaps you find this confusing or silly. Push that aside for a minute.

Bubble Watch tracks housing risks. Read it here!

Mostly, my beef about NFTs is how people, particularly those who live and breathe technology, talk about them and other emerging companies or concepts, including the blockchain, the audio chat room Clubhouse and ultrafast trains.

Almost immediately, people sort themselves into camps to declare that THIS WILL CHANGE THE WORLD or IT’S TOTAL CODSWALLOP THAT WILL RUIN EVERYTHING. We would all benefit from more breath and less breathlessness.

In life, most things are neither glorious revolutions nor doom. And behind most novel ideas is often the possibility of something useful. The trouble is that hyperbole and greed often make it hard to sort the glimmers of promise from the horse manure. So let’s take a step back.

The purported big idea behind NFTs — as Kevin and Charlie Warzel, my colleague in Opinion, each explained this week — is to tackle a problem that the internet created. With sites such as YouTube and TikTok, anyone now has the power to make music, a piece of writing, entertainment or another creative work and be noticed. But the internet has not really fulfilled the promise of enabling the masses to make a good living from what they love.

NFTs and the related concept of the blockchain hold the promise to, in part, give people ways to make their work more valuable by creating scarcity. There is promise in letting creators rely less on middlemen such as social media companies, art dealers and streaming music companies.

Will any of this work? I don’t know. Run screaming from anyone who has a definitive answer either way. Basically, everyone should listen to wise and measured Anil Dash, a veteran of the tech industry who accidentally helped invent the concept behind NFTs and is both furious about the hucksters swarming them and believes that there’s a there there.

That said, NFTs will probably not fix the broken economics of streaming music or tear down the power structures of the journalism and art worlds. Sorry to be a broken record, but technology is not magic. Likewise, cryptocurrencies are probably not an effective fix for unaffordable housing. A complicated and expensive train may not be the best solution for global warming and our car addiction.

So, are NFTs a bubble inflated by unusual financial conditions and our brains turning to goo in the pandemic? Definitely. Are they pointless Beanie Babies for rich tech bros who are ruining the planet with all the energy required to create the digital tokens? Not entirely, no.

Maybe they are somewhere in between. And that’s fine.

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Thu, 08 Apr 2021 15:46:44 +0000 BlogLikes - Find Most Popular Blogs Personal Finance Business News Housing Uncategorized Sport Soccer Anil Dash Kevin NFT Kevin Roose Charlie Warzel
4 Best Places to Live for Financial Independence https://www.everybodylovesyourmoney.com/2021/04/08/best-places-for-financial-independence.html

It’s possible to achieve financial independence no matter where you live if you save and invest the majority of your income. But if you move to a place with a low cost of living, you won’t need as big of a nest egg to exit the workforce. Here are five of the best places for financial independence around the world. 

4 Best Places for Financial Independence Worldwide Puerto Vallarta, Mexico

If you’ve always dreamed of being a digital nomad, Puerto Vallarta may be the right city for you. It’s located right on the coast, so there’s beautiful ocean views everywhere you look. There are also lots of things to do, from visiting lush botanical gardens to tasting tequila at local distilleries. 

But you won’t have to shell out a lot of money to have a fun night out. Puerto Vallarta has a very low cost of living compared to the US and Canada, which makes it a great place for remote workers pursuing FIRE. 

According to International Living , a couple only needs to spend about $2,049 per month to have a nice, comfortable life there. If you’re a digital nomad who earns a US salary, you’ll be able to sock away enough of your income to retire early. 

Sebring, Florida

Another warm, sunny destination early retirees will love is Sebring, Florida. It has top-notch golf courses, beautiful lakes, and an impressively low cost of living. 

Sebring’s cost of living is 18% lower than the national average, which makes it one of the best places for financial independence in the US. The median home value in the area is only $134,600. If you don’t want to deal with home maintenance, you can rent an apartment for just $724 per month

Florida doesn’t have an income tax either, which will help your money go further whether you’re working toward FIRE or you’ve already achieved it. 

Panama City, Panama

Panama is a great choice for early retirees who want to live abroad while staying close enough to the US to visit. It’s only three hours from Miami by plane, so you’ll have no trouble getting back to your hometown to see family. 

Another great thing about Panama is that you don’t need to know Spanish to get around. About fifteen percent of the population speaks English. Businesses even accept US dollars at par, so you won’t have to deal with fluctuating exchange rates. 

Add in the warm weather and low cost of living and Panama is an ideal destination for FIRE adherents. You can live well in Panama for about $2,000 to $2,600 a month, making it one of the best places for financial independence. 

Grand Rapids, Michigan

If you’d rather stay in the US, Grand Rapids is one of the best places for financial independence in the country. The city has the 69th fastest growing economy in the world. So if you’re still in the accumulation phase of your FIRE journey, you won’t have trouble finding a good job. 

You’ll also be able to save the majority of your income because the cost of living is so low. Houses in the city only cost around $143,400 , and rent is affordable too at $925 per month . Overall, it costs 12.2% less to live in Grand Rapids than the national average, which puts financial independence within reach. 

Whether you’re at the beginning or end of your FIRE journey, living somewhere with a low cost of living is beneficial. Hopefully this list of the best places to live for financial independence will help you find a city to call home. 

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Thu, 08 Apr 2021 03:05:52 +0000 BlogLikes - Find Most Popular Blogs Personal Finance Florida Saving Retirement Marketing US Canada Miami Cost Of Living Panama Grand Rapids Puerto Vallarta Panama City Panama Panama US Grand Rapids
Are Traditional Collectible Cards Still Good Investments? https://www.pfadvice.com/2021/04/07/are-traditional-collectible-cards-still-good-investments/ When I was a kid in the 1980s the cultural and political zeitgeist of the era demanded that Americans became consumers and collectors. Every American kid, especially me, was bombarded with TV commercials for toys, action figures, board games, electronic games, and more. I am amazed at how much I would nag my mother for […]

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Save Money by Knowing Your Credit Card's 'Closing Date' https://twocents.lifehacker.com/save-money-by-knowing-your-credit-cards-closing-date-1846625078

Even if you dutifully pay off your credit card balance each month, there’s an oft-overlooked way to optimize your credit score—by making debt payments before your balance is reported to the credit bureaus. Many people assume this is the payment due date, but it’s actually the closing date, and not knowing the…

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Why You Should Pay on Your Credit Card Balance Weekly https://twocents.lifehacker.com/why-your-should-pay-on-your-credit-card-balance-weekly-1846609614

Paying your credit cards on time to avoid late fees and interest is a no-brainer. But you can also boost your credit score and reduce interest charges by paying your credit card bill even earlier, perhaps weekly, as its your daily balance that affects how they’re calculated. Here’s what to consider when deciding…

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Mon, 05 Apr 2021 10:00:00 +0000 BlogLikes - Find Most Popular Blogs Personal Finance Money Finance Debt Economy Credit Credit Card Lifehacks Human Interest VantageScore Credit Card Interest Credit Score In The United States Revolving Account
Tips: When your life partner resists financial planning https://www.dailynews.com/2021/04/04/tips-when-your-life-partner-resists-financial-planning/ One of the most difficult hurdles to overcome in financial planning can be reaching a shared agreement about goals and actually doing what it takes to reach these goals. When your life partner resists money conversations, tension and resentment can build.

One of you, for instance, might be trying to save funds for retirement, and the other spends without thinking, appearing to count on winning the lottery as chief funding for the golden age ahead. Emotional moments arising from such scenarios can create great resistance in planning. Both partners suffer a perceived loss and a disrespect to their own needs on the part of the other.

Many couples try to tiptoe around the conversations that need to be held, and life together tends to become fractious, swinging back and forth between silence in denial and eruptive confrontation.

How can you break through such resistance? How can you both get on the same track so that you can enjoy each other and an appreciation for the life you are creating together?

Here are five steps to help you move through those conversations more easily, so that you can both align in your actions to reach your goals.

Agree on your “why.” Avoid starting with the “how” — the figures and savings tactics. Instead, begin with creating a picture of your ideal future – the desired end result you want to achieve. Many will begin by calculating how much they want to have at retirement, or what they want to leave for their children.

Resist this, and instead, paint a vision of what you want this money or these assets to do. For example, what kind of life do you want to lead when you retire? What do you want to be doing and enjoying every day? Get excited together about possibilities.

Identify goals that support the “why.” This is where you decide how much will be required to support the vision of the future you have created together. What are those money goals? Working with a professional to make sure you are calculating well will be important.

Identify strategies to help achieve goals. This is generally where most conversations break down. Deciding what money habits will need to shift in order to reach your goals can be painful. At this point, it is important to keep referring to the “why” you have created together to remind each other of the exciting end result. It is also key to recognize that depending on who will have to shift behavior, that person is struggling with a loss. Whenever we decide to make a change, this involves letting go of something old in order to take on the “new.” So, in order to take on a new way of managing money, there will also be a pivotal moment of saying goodbye to familiar and comfortable spending patterns, no matter how detrimental these have been to financial health. Talking about these in non-judgmental terms will be important.

Create mini-goals for incremental wins. Looking at the large figures it will require to achieve your “why” can be daunting. It can also be discouraging when trying to shift unhealthy financial behaviors. Be sure and identify short- and medium-term goals and achievements along the way so that you can celebrate together and encourage each other. This is an important step to reinforce new behaviors and stay on track toward ultimate success.

Give each other grace. There will come a time when one of you gets off track. Make it easy to get back to move forward. Avoid harsh criticism and judgment, acknowledging that working toward great goals also means learning – and sometimes, falling down to get back up. At times like these, revisit your shared “why” to remind yourself and your partner what you are working toward together.

Talk it out. How will you handle conflict?  How will you celebrate? Taking the time to have such meaningful discussions can set the tone for your next chapters together, bringing you even more closely together. And that’s a lovely way to spend life.

Patti Cotton works with executives, business owners, and their companies, to elevate and support leadership at all levels. Reach her via email at Patti@PattiCotton.com.

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Sun, 04 Apr 2021 08:00:19 +0000 BlogLikes - Find Most Popular Blogs Personal Finance Business Advice Finance Uncategorized Sport Soccer Patti Cotton
Asian shares higher after S&P 500 tops 4,000 points https://www.dailynews.com/2021/04/01/asian-shares-higher-after-sp-500-tops-4000-points/ By ELAINE KURTENBACH

BANGKOK (AP) — Asian shares were higher Friday after a broad rally pushed the S&P 500 past 4,000 points for the first time.

Many markets were closed for Good Friday. Tokyo surged more than 1% and Seoul and Shanghai also gained.

Various industries are getting a lift from President Joe Biden’s massive infrastructural renewal initiative. The S&P 500 jumped 1.2% while the tech-heavy Nasdaq added 1.8%.

‘’As we enter Q2, optimism abounds as unquestionably spring is in the air with the macro focus squarely on the U.S. and the Biden administration infrastructure plan,” Stephen Innes of Axi said in a report.

Hopes are rising that the recovery from the pandemic and the boost to spending will spur a powerful rebound in U.S. hiring this year and Friday’s jobs report for March will provide crucial insight into whether those rosy expectations may prove true.

Tokyo’s Nikkei 225 index gained 1.4% to 29,821.30 and the Kospi in South Korea added 0.6% to 3,103.45. The Shanghai Composite index picked up 0.4% to 3,481.39.

Stereo maker Onkyo Home Entertainment’s shares plunged nearly 29% after falling 68% on Thursday as the company is due to be delisted in Tokyo after it reported a negative net worth for two straight years.

The company has so far failed to raise enough funding to cover its debt and has forecast a net loss of 5.9 billion yen ($53.6 million) for the fiscal year that ended March 31.

On Thursday, a tech company rally pushed the S&P 500 up 1.2% to 4,019.87, its first close above the 4,000 mark. The Dow Jones Industrial Average gained 0.5% to 33,153.21. The technology-heavy Nasdaq climbed 1.8% to 13,480.11.

Smaller companies that stand to benefit from a quickly growing economy continued to notch solid gains. The Russell 2000 index picked up 1.5%, to 2,253.90.

Microsoft, Apple, Facebook and Google’s parent company also were among the winners. Health care, household goods stocks and utilities were the only laggards.

Technology stocks benefited from another drop in bond yields, which have been the driving force for the market for several weeks. The yield on the 10-year U.S. Treasury note fell to 1.67% from 1.73% the day before. Higher bond yields make stocks seem more expensive by comparison, and tech stocks are among the most expensive after their significant rise last year.

The rally capped a holiday-shortened week for the stock market. U.S. stock exchanges will be closed in observance of Good Friday, though bond trading will be open for half a day, closing at noon Eastern time.

Companies that would benefit from greater sales of electric vehicles also rose Thursday, a day after President Joe Biden outlined various measures to support their use as part of his massive infrastructure plan. Part of that plan includes installation of thousands of additional charging stations around the country. Electric vehicle charger operator ChargePoint gained 11.8%.

Consumer sentiment has been improving along with construction spending and the accelerating rollout of vaccines. Investors are shifting money into companies and sectors that will benefit from people getting back to some semblance of a pre-pandemic normal.

Airlines have been making gains this year as more people bet on a budding recovery for travel, but the industry still faces turbulence ahead. Discount carrier Frontier Airlines underwhelmed on its first day of public trading. The Denver-based airline opened at $18.61, below the low end of a $19 to $21 price target, and closed at $18.85.

The Labor Department said the number of Americans who filed for unemployment benefits last week rose to 719,000 last week from 658,000 the previous week. That figure was expected to decline.

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Fri, 02 Apr 2021 01:22:52 +0000 BlogLikes - Find Most Popular Blogs Google Personal Finance South Korea Business News Sport Joe Biden Economy Ap Soccer Shanghai Tokyo Biden Nasdaq Seoul Bangkok Denver U S Treasury Frontier Airlines Labor Department ELAINE KURTENBACH National News Chargepoint AXi Microsoft Apple Facebook Stephen Innes Onkyo Home Entertainment
Wall Street closes higher, pushing S&P 500 past 4,000 points https://www.dailynews.com/2021/04/01/wall-street-closes-higher-pushing-sp-500-past-4000-points/ By DAMIAN J. TROISE and ALEX VEIGA

Wall Street kicked April off with a milestone Thursday, as a tech company rally helped drive the S&P 500 past the 4,000 mark for the first time.

The benchmark index finished 1.2% higher a day after closing out the first three months of the year with its fourth straight quarterly gain. Microsoft, Apple, Facebook and Google’s parent company were among the winners, along with smaller companies, which stand to benefit from a quickly growing economy. Health care, household goods stocks and utilities were the only laggards.

Technology stocks benefited from another drop in bond yields, which have been the driving force for the market for several weeks. The yield on the 10-year U.S. Treasury note fell to 1.69% from 1.73% the day before. Higher bond yields make stocks seem more expensive by comparison, and tech stocks are among the most expensive after their significant rise last year. Microsoft rose 2.8%, Facebook gained 1.4%, Amazon.com added 2.2% and Google parent Alphabet closed 3.3% higher.

“What a great way to start the second quarter,” said J.J. Kinahan, chief strategist with TD Ameritrade. “There’s money out there looking to be put to work, and with the quarter ending it looks like people are finding new ways in a new quarter to find opportunities.”

The S&P 500 rose 46.98 to 4,019.87. The index’s latest all-time high is its second in seven days. The Dow Jones Industrial Average gained 171.66 points, or 0.5%, to 33,153.21. The technology-heavy Nasdaq climbed 233.23 points, or 1.8%, to 13,480.11.

Smaller companies continued to notch solid gains. The Russell 2000 index picked up 33.38 points, or 1.5%, to 2,253.90.

The rally capped a holiday-shortened week for the stock market. U.S. stock exchanges will be closed in observance of Good Friday, though bond trading will be open for half a day, closing at noon Eastern.

Companies that would benefit from greater sales of electric vehicles also rose Thursday, a day after President Joe Biden outlined various measures to support their use as part of his massive infrastructure plan. Part of that plan includes installation of thousands of additional charging stations around the country. Electric vehicle charger operator ChargePoint gained 11.8%.

Investors continue to monitor news about how well the U.S. economy is recovering from the coronavirus pandemic, now that millions of vaccines are being administered daily to Americans as well as around the world.

Consumer sentiment has been improving along with construction spending and other measures. The improving economy is prompting investors to shift more money into companies and sectors that will benefit from people getting back to some semblance of a pre-pandemic normal.

The market has been churning while dealing with that shift as beaten-down sectors like airlines and industrial companies start to recover.

“In a way, the churn has reflected health, because more sectors are participating in the moves,” said Ross Mayfield, investment strategy analyst at Baird.

While investors are optimistic that things will recover soon, there’s still a lot of economic pain to go around.

Airlines have been making gains this year as more people bet on a budding recovery for travel, but the industry still faces turbulence ahead. Discount carrier Frontier Airlines underwhelmed on its first day of public trading. The Denver-based airline opened at $18.61, below the low end of a $19 to $21 price target, and closed at $18.85.

The Labor Department said the number of Americans who filed for unemployment benefits last week rose to 719,000 last week from 658,000 the previous week. That figure was expected to decline. The government will release its monthly jobs report on Friday.

“The employment market is going to be the thing to watch,” Mayfield said. “We’re kind of in a transition period and at some point we’re going to need to see improvement there.”

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Thu, 01 Apr 2021 17:03:00 +0000 BlogLikes - Find Most Popular Blogs Google Amazon Personal Finance Facebook Business News Microsoft Sport Joe Biden Economy Soccer Airlines Nasdaq Denver U S Treasury Frontier Airlines Labor Department Mayfield National News Chargepoint Microsoft Apple Facebook Ross Mayfield DAMIAN J TROISE J J Kinahan Baird While
A fiduciary is legally required act in your best financial interest and not their own - here's why that's so important http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/msMenqxD7Ms/fiduciary A fiduciary financial advisor has a legal responsibility to recommend the best investments for you.

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Understanding the ins and outs of investing can be overwhelming, especially for those new to it. Should I invest in blue-chip stocks? How can I best diversify my portfolio? These questions may be best-directed at fiduciary financial advisors.

A fiduciary is anyone who must act in the best interest of a client or customer. Attorneys, bankers, and company board members are all examples of fiduciaries. Because they're legally required to maintain the best interests of their client, they offer a higher level of trust to those who work with them.

Let's take a closer look at what makes a fiduciary, how the fiduciary duty differs from the suitability standard, and how to find a fiduciary you can trust with your money.

What is a fiduciary?

A fiduciary is a person or organization that has agreed to act on behalf of customers, clients, or shareholders, facing legal consequences if they fail to do so.

A fiduciary is typically one who manages the assets of a client, although this isn't always the case. A fiduciary can come in many forms, including an accountant or company board member.

There are numerous types of financial advisors with different certifications, like Certified Public Accountant (CPA), Certified Financial Planner (CFP), and Financial Risk Manager (FRM), to name a few. It's important to note that it's generally up to the client to verify whether an advisor carries fiduciary status. For example, advisors with titles like "wealth advisor" or "financial advisor" might sound legitimate, but don't necessarily mean they're a fiduciary.

One of the easiest ways to verify whether a financial professional has fiduciary status is by working with a CFP, a trade-industry designation that necessitates a "fiduciary duty" to their clients along with practical financial experience and ongoing certification requirements.

Fiduciary duty vs. suitability standard

There are are two standards of care that apply to financial planners: the fiduciary duty and the suitability standard. They may seem similar, but it's important to know the difference.

A fiduciary duty is the legal obligation of one party to prioritize the interests of others. This relationship is between the principal (you, the client) and the fiduciary, such as a registered investment advisor (RIA). This is regulated by the SEC and is defined by the duties of loyalty and care.

Investment advisors have a fiduciary duty to their clients, which was established by the Investment Advisers Act of 1940. This means they must act under their clients' best interests.

Fiduciary duties tend to fall under two main categories:

  • Duty of loyalty. This requires fiduciaries to prioritize the interests of their clients before their own, avoiding potential conflicts of interest that may impact their ability to make good decisions.
  • Duty of care. This holds fiduciaries to a high standard of care, requiring that they make decisions prudently and in good faith. This duty can either be implicitly stated or spelled out in a contract, but it essentially requires professionals to exercise good judgment and make informed decisions.

Breaches of fiduciary duty happen when either of these two duties is not met, and such transgressions often result in the fiduciary losing their role of trust, along with facing a financial penalty.

In contrast, the suitability standard is a similar, but a less stringent guideline that applies to independent broker-dealers who aren't always governed by a fiduciary duty. Although broker-dealers are held to a fiduciary standard by some states, they're generally governed by much looser guidelines that must give them a "reasonable belief" that an investment or transaction would benefit the customer.

This "reasonable belief" is known to open the door for them to recommend investments that may cost more and earn them a higher commission than similar, cheaper investment alternatives, unlike fiduciaries, who must always act in your best interest.

Types of fiduciary relationships

There are numerous types of fiduciary relationships, and they aren't just limited to the world of investing. Here are a few:

  • Financial advisor and client. In this relationship, the fiduciary has access to and control of your money, often with the clearance to make discretionary investment decisions, or decisions without your approval.
  • Guardian and ward. Because minors are not able to legally make their own decisions, wards are fiduciaries who make decisions on behalf of individuals until they reach adulthood. Similar to financial fiduciary relationships, the guardian is entrusted by the government to prioritize the ward's best interest when making decisions.
  • Attorney and client. This relationship comes with a significant level of trust and responsibility, because attorneys have access to a lot of their clients' private information. Because of this, breaches of fiduciary duty in these instances are heavily punished.
  • Board and shareholders. Board members are responsible for guiding a company's future, meaning they must act in the best interest of shareholders when making decisions. To do so, board members have to explore every option available before making any decisions that would impact the future of said company.
How to find a fiduciary financial advisor

Now that you understand the value of a fiduciary, here are a few tips on how you can find the fiduciary financial advisor who's right for you:

  • Reach out to friends and family for recommendations. If they direct you to a professional, be sure to ask whether they're fiduciaries.
  • You can search and confirm whether a financial advisor is a registered fiduciary by using the SEC's advisor search tool.
  • If you have doubts about a potential advisor's qualifications or commitment level, you can request that they sign a Fiduciary Oath. True fiduciary advisors should have no problem agreeing to this, and those who avoid doing so might not be appropriately qualified.

Note: Another option for those seeking investing guidance is using an automated robo-advisor. They are recognized by the SEC as fiduciaries, but they have many limitations you should weigh before electing to go that route.

5 questions to ask a potential advisor

In the vetting process, there are a few questions you should consider asking to ensure they'll offer investment and portfolio management advice with your best interest in mind:

  1. "How do you earn money?"
    Different advisors offer varying fee structures, and a complicated fee structure might be not the best sign. Fee-only advisors don't get commissions, and this compensation method is considered the most transparent and objective.
  2. "What certifications do you have?"
    Given the range of qualifications that an investment advisor can have, it's best to seek out those with a CFP designation. You can check professional status via the Financial Industry Regulatory Authority's professional designations database.
  3. "Who's your typical client and what do you help them with?"
    Look for advisors who have experience successfully guiding clients with goals similar to your own.
  4. "How do you prefer to communicate with clients?"
    You should have a clear understanding of how often you can expect to meet with your advisor, and whether that'll be via phone, email, or only by appointment.
  5. "What investment benchmarks do you use?"
    It's important that advisors measure their success with benchmarks that are relevant to their investments, and many use the S&P 500 to gauge their equity performance.

Understanding a potential advisor's educational background, work history, and pay structure facilitates transparency and compatibility. It's important to trust who you're working with, since they'll be making important decisions on your behalf.

The financial takeaway

A fiduciary is an individual with a legal obligation to act in the best interest of a client or customer. In the finance world, a fiduciary typically manages a client's assets, and it's important to verify whether a financial advisor carries fiduciary status, because not all licensed financial professionals are regulated as fiduciaries.

I can promise you financial advice is almost never 'free,' but there are 2 ways to sniff out the real priceThe exact question to ask to find out if your financial advisor has your best interests in mindThe best online financial advisorsThe 3 experts you should talk to before buying life insurance Read the original article on Business Insider

[Author: asaad@businessinsider.com (Amena Saad)]

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Thu, 01 Apr 2021 14:25:43 +0000 BlogLikes - Find Most Popular Blogs Personal Finance Trends SEC Board Cpa CFP RIA Financial Industry Regulatory Authority Fiduciary FRM Fiduciary Duty Investing (Reference Investing How To Amena Saad Professionals & Advisors (Reference What Is A Fiduciary
What stock bubble? Some argue ‘It’s different’ this time https://www.dailynews.com/2021/04/01/bubble-deniers-abound-to-dismiss-valuation-metrics/ By Vildana Hajric, Claire Ballentine and Lu Wang

Everywhere you look, there’s a valuation lens that makes stocks look frothy. Also everywhere you look is someone saying don’t worry about it.

The so-called Buffett Indicator. Tobin’s Q. The S&P 500’s forward P/E. These and others show the market at stretched levels, sometimes extremely so. Yet many market-watchers argue they can be ignored, because this time really is different. The rationale? Everything from Federal Reserve largesse to vaccines promising a quick recovery.

How convinced should anyone be when dismissing the message of metrics like these? To be sure, both the market and economy are in uncharted waters. It’s possible — perhaps likely — that old standards don’t apply when something as random as a virus is behind the stress. At the same time, many a portfolio has been squandered through complacency. Market veterans always warn of fortunes lost by investors who became seduced by talk of new rules and paradigms.

“Every time markets hit new highs, every time markets get frothy, there are always some talking heads that argue: ‘It’s different,’” said Don Calcagni, chief investment officer of Mercer Advisors. “We just know from centuries of market history that that can’t happen in perpetuity. It’s just the delusion of crowds, people get excited. We want to believe.”

Robert Shiller is no apologist. The Yale University professor is famous in investing circles for unpopular valuation warnings that came true during the dot-com and housing bubbles. One tool on which he based the calls is his cyclically adjusted price-earnings ratio that includes the last 10 years of earnings.

While it’s flashing warnings again, not even Shiller is sure he buys it. At 35, the CAPE is at its highest since the early 2000s. If that period of exuberance is excluded, it clocks in at its highest-ever reading. Yet in a recent post, Shiller wrote that “with interest rates low and likely to stay there, equities will continue to look attractive, particularly when compared to bonds.”

Another indicator raising eyebrows is called Tobin’s Q. The ratio — which was developed in 1969 by Nobel Prize-winning economist James Tobin — compares market value to the adjusted net worth of companies. It’s showing a reading just shy of a peak reached in 2000. To Ned Davis, it’s a valuation chart worth being wary about. Still, while the indicator is roughly 40% above its long-term trend, “there may be an upward bias on the ratio from technological change in the economy,” wrote the Wall Street veteran who founded his namesake firm.

Persuasive arguments also exist for discounting the signal sent by the “Buffett Indicator,” a ratio of the total market capitalization of U.S. stocks divided by gross domestic product. While it recently reached its highest-ever reading above its long-term trend, the methodology fails to take into consideration that companies are more profitable than they’ve ever been, according to Jeff Schulze, investment strategist at ClearBridge Investments.

“It’s looked extended really for the past decade, yet you’ve had one of the best bull markets in U.S. history,” he said. “That’s going to continue to be a metric that does not adequately capture the market’s potential.”

At Goldman Sachs Group Inc., strategists argue that however high P/Es are, the absence of significant leverage outside the government sector or a late-cycle economic boom points to low risk of an imminent bubble burst. While people are now shoveling money into stocks at rates that have signaled exuberance in the past, their buying followed a prolonged period of aversion in the previous decade, the bank said, adding that the current valuation is also justified by low interest rates.

Bubble Watch tracks housing risks. Read it here!

“Today is a very different situation — I don’t think we’ve got a broad bubble,” Peter Oppenheimer, chief global equity strategist at the firm, said in a recent interview on Bloomberg Television. “Given the level of real rates, where they are, it’s still likely to be broadly supportive for equities versus bonds.”

Another rationale employed to dismiss certain valuation metrics is the earnings cycle. Corporate America is just emerging from a recession, with profits forecast to stage a strong comeback. The strong outlook for profits is why many investors are giving similarly stretched valuations the benefit of the doubt. Trading at 32 times reported earnings, the S&P 500 looks quite expensive, but with income forecast to jump 24% to $173 a share this year, the multiple drops to about 23.

The valuation case becomes more favorable should business leaders continue to blow past expectations. For instance, if this year’s earnings come in at 16% above analyst estimates, as they did for the previous quarter, that’d imply a price-earnings ratio of less than 20. While that exceeds the five-year average of 18, Ed Yardeni is not troubled by what he calls “the New Abnormal.”

“Valuation multiples are likely to remain elevated around current elevated levels because fiscal and monetary policies continue to flood the financial markets with so much free money,” said the founder of Yardeni Research Inc. He predicts the S&P 500 will finish the year at 4,300, about an 8% gain from current levels.

Still, it’s hard to ignore the risks to underlying assumptions. While rock-bottom rates underpin many of the arguments, this year has shown that the Fed still is willing to let longer-term interest rates run higher. And betting on huge upside earnings surprises is risky too — it’s rare to see a 16% beat historically. Before last year, earnings had exceeded estimates by an average 3% a quarter since 2015.

“This happens in every bubble,” said Bill Callahan, an investment strategist at Schroders. “It’s: ‘Don’t think about the traditional value metrics, we have a new one.’ It’s: ‘Imagine if everyone did XYZ, how big this company could be.’”

Returns of 2%

Valuations are never useful market-timing tools because expensive stocks can get more expensive, as was the case during the Internet bubble. Yet viewed through a long-term lens, valuations do matter. That is, the more over-valued the market is, the lower the future returns. According to a study by Bank of America strategists led by Savita Subramanian, things like price-earnings ratios could explain 80% of the S&P 500’s returns during the subsequent 10 years. The current valuation framework implies an increase of just 2% a year over the next decade, their model shows.

To Scott Knapp, chief market strategist of CUNA Mutual Group, abandoning standard valuation measures because the environment has changed places investors in “pretty sketchy territory.” Talk of watershed moments rendering traditional metric irrelevant is a signal, he says.

“That’s usually an indication we’re trying to justify something,” he said.

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Thu, 01 Apr 2021 12:56:59 +0000 BlogLikes - Find Most Popular Blogs Personal Finance Business News Housing America Bank Of America Sport Soccer Federal Reserve Buffett Fed Yale University Schroders Bloomberg Television Goldman Sachs Group Inc Shiller Peter Oppenheimer Tobin Bill Callahan Savita Subramanian CUNA Mutual Group James Tobin Robert Shiller Mercer Advisors Ned Davis Ed Yardeni ClearBridge Investments Vildana Hajric Claire Ballentine Lu Wang Don Calcagni Jeff Schulze Yardeni Research Inc Scott Knapp
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It’s totally fine to prefer “buy now, pay later” payments over credit cards or to simply avoid the debt trap of plastic altogether. The only problem is that without credit cards, it’s harder to build up your credit score, which means you’ll have a tougher time qualifying for a loan. Fortunately, there are ways to…

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All About A 401a Retirement Plan https://www.youngupstarts.com/2021/03/31/all-about-a-401a-retirement-plan/ Even if you are just starting out your career, you should take saving for retirement seriously. The 401a represents one of the best ways you can save for your future.

The post All About A 401a Retirement Plan appeared first on Young Upstarts.

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Five Ways Fantasy Baseball is Like Personal Finance http://freefrombroke.com/five-ways-fantasy-baseball-is-like-personal-finance/ I had my draft for my fantasy baseball league I’m in last week.

I’ve been in the league with these particular guys now for over ten years. It’s not a money league, but we’re real competitive nonetheless (we’ve been playing against each other for over a decade now).

I gotta say I’m stoked! Real baseball starts soon (go Mets!!) and I love following baseball alongside my fantasy league.

As I was going through all of my work for the draft I realized that fantasy baseball is a lot like personal finance. We could probably learn a thing or two about personal finance from fantasy baseball.

Without further ado, here are five ways fantasy baseball is like personal finance:

1. Putting in the Research

No successful fantasy baseball can survive without good research.

There are 30 baseball teams and each has a 40 man roster. In my league, we draft 23 players. You have to go through a lot of information ranking players, doing research on who will be playing and who will be good. There’s injuries, position battles, prospects…if you don’t keep up and do your research you won’t rise to the top!

***Personal Finance*** – With PF research is also integral to success.

You need to know where your money is going and keep up with funds and companies you may be invested in. What is your credit score? What is the interest rate? Are there expense fees?

These are just a few questions we try to answer when doing research for our personal finances.

2. There are Tons of Experts Out There

There are so many sites out there that have “experts” telling you who to draft and who will be the next big thing. Who do you listen to?

Brandon Funston? Mathew Berry? Pete Becker? Brendan Roberts?

Truth is none of them can tell you for sure what will happen in the baseball season.

They work with the same statistics and basically give you their opinion on what will happen and what would be the best players to pick. A player can get injured or be great and then flop. Sometimes there’s no rhyme or reason behind a player’s performance.

Best thing to do?

Find a few of these experts who tend to have the same ideas as you. Listen to them but follow your gut with their advice and come up with an approach that’s best for you.

***Personal Finance*** – Please, who can count the number of experts in the personal finance realm?

Do I listen to Jean Chatzky? Dave Ramsey? Robert Kiyosaki? Jim Cramer? Benjamin Graham?

Again, they all work with known information but each has their own spin on things.

Find the people whose approach you can relate to and use that to create your own approach to personal finance. And remember, just because you see someone on TV it doesn’t mean they are an expert and really know more than you.

3. Look for Value

There are those in baseball that everyone knows are great. Jacob DeGromm will miss bats. Mike Trout will make pitchers regret their pitches.

But the way to get ahead in fantasy baseball is to find the real values, guys who aren’t superstars yet but whose stats show they might be. Or those players who were great but got injured so people don’t value them as much.

I drafted Preston Wilson his first year in Colorado somewhere in round ten in my league years ago. He ended up being first round value and helped me to first place (something like 150 RBI’s). It’s about finding those fundamentally sound players who are about to take their game to the next level.

***Personal Finance*** – Value is important in personal finance as well.  In stocks, you may be interested in those companies that have been consistently growing and they are about to take that next leap. In being frugal, it’s about getting the most value you can for your dollar.

You don’t want to pay for hype. It’s about finding value.

4. It’s Easier When You’re Around Like Minded People

I mention fantasy baseball to some people and they look at me like I have three heads.  Or they just roll their eyes like my wife (luv you hon).

But when I get around other people who are as psyched about fantasy as I am…we can have a long in-depth discussion on why certain players are bound to do well or why we hate certain players because they cost us a championship. Friends who play fantasy baseball keep me excited about it. I try to share any new research or info I have with them and they do the same in return.

***Personal Finance*** – It can be tough keeping a reign on your personal finances when your friends, family, and neighbors are the “Joneses.”

Who can keep up with the new cars, big houses, and name-brand items?

When your friends have the same ideas about PF as you do it’s easier to keep things in check.  You have people you can talk to and discuss issues and ideas with.  In the blogging world, we have places like PT Money, Cash Money Life, Moolanomy, Good Financial Cents, WiseBread, and so many others where we can go to share ideas about personal finance.

5. There’s No One Approach to Winning

Do I draft for speed? Do I draft more hitting? Pitching? Do I go with steady, consistent players or try to draft the hot prospects? Do I draft Mike Trout or Kershaw first?

Just as there are many experts there are many ways to win a league.  In fact, you may start off with one strategy and end up following another. Your strategy may change based on the other people in your league. If everyone values hitting more then maybe it’s worth it to value pitchers higher.

***Personal Finance*** – Stocks, bonds, savings, earning more, mutual funds, ETF’s, real estate, 401(k)‘s, IRA (traditional and Roth)…

There’s no one way to get ahead.

Your approach may combine all of these or maybe only include a few. Everyone’s idea of personal finance is a little different. There’s so many ways and ideas and you have to find what works best for you. Odds are the strategy you have now will change over time.

Finally

I could keep going, but I need to go research some guys in AAA that have a shot at getting called up this year…

But you can easily see how fantasy baseball and personal finance are very similar!

Can you think of any more? Love this pic? Hit it up on Pinterrest!

 

Copyright © Free From Broke - A Personal Finance Blog Please visit for more great content!

Five Ways Fantasy Baseball is Like Personal Finance

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Tue, 30 Mar 2021 05:51:00 +0000 BlogLikes - Find Most Popular Blogs Personal Finance Colorado Marketing Ira Mets Kershaw Jim Cramer Benjamin Graham Dave Ramsey Mike Trout Robert Kiyosaki Joneses Pete Becker Jean Chatzky Mathew Berry Brandon Funston Preston Wilson Brendan Roberts Jacob DeGromm
S&P 500 returns to a record high after best day in weeks https://www.dailynews.com/2021/03/26/sp-500-returns-to-a-record-high-after-best-day-in-weeks/ By DAMIAN J. TROISE and STAN CHOE

NEW YORK (AP) — U.S. stocks burst to their best day in three weeks on Friday, helping Wall Street return to record heights and avoid what could have been a second straight weekly loss.

The S&P 500 added 65.02 points, or 1.7%, to 3,974.54, with a quarter of that rise coming in the last five minutes of trading alone. Some of the biggest gains came from companies whose profits would jump the most if COVID-19 vaccinations and massive U.S. government spending programs juice the economy as much as economists expect. The index locked in a 1.7% gain for the week after losing 0.8% last week.

The Dow Jones Industrial Average rose 453.40 points, or 1.4%, to 33,072.88, and both it and the S&P 500 set all-time highs. The Nasdaq composite climbed 161.05, or 1.2%, to 13,138.72, though it remains 6.8% below its record set last month.

Stock prices have been churning in recent weeks, and momentum has often shifted sharply, sometimes by the hour. Rising expectations for a supercharged economic recovery are supporting many stocks on one hand, while worries about the possibility of higher inflation and rising interest rates are undercutting the market on the other.

This past week, everything from President Joe Biden doubling his goal for COVID-19 vaccinations to a skyscraper-sized ship blocking one of the world’s most important canals sent markets swinging.

“It’s natural that you would have people looking at” stocks of companies that would benefit the most from a rejuvenated economy, said Tom Plumb, portfolio manager and president of Plumb Funds. “But there are times when you are going to have a fair amount of volatility because a recovery like we are in has never been smooth.”

Much of the stock market’s recent turbulence has been an after-effect of movements in the bond market, where Treasury yields have been largely climbing since last autumn. Higher yields can make investors less willing to pay high prices for stocks, with companies seen as the most expensive taking the most pain. Companies that ask their investors to wait many years for the payoff of big profit growth have also been hit hard.

The yield on the 10-year Treasury rose to 1.67% from 1.61% late Thursday. But that’s still below where it was last week, when it rose above 1.70% and touched its highest level since before the pandemic began.

A report on Friday also showed that a gauge of inflation that the Federal Reserve likes to use was weaker last month than economists expected. That took off some of the pressure of inflation worries in the near term.

The higher yields helped lift stocks of banks, in part because higher interest rates allow them to make bigger profits from making loans. Financial stocks also got a boost after the Federal Reserve said it will soon allow banks to resume buying back their own stock and to send bigger dividend payments to shareholders. The Fed restricted such moves last summer to force banks to hold onto cash cushions amid the coronavirus-caused recession.

Some of Friday’s biggest gains came from energy stocks, which benefited from a $2.41 rise in the price of U.S. oil, settling at $60.97 per barrel.

Marathon Oil gained 5.3%, and energy stocks across the S&P 500 rose 2.6% for the biggest gain among the 11 sectors that make up the index.

Stocks of companies that would benefit from more investment in infrastructure were also rallying sharply. Steelmaker Nucor climbed 8.9% for the biggest gain in the S&P 500, and miner Freeport-McMoRan rose 5.9%.

President Joe Biden is pushing for big spending on the nation’s infrastructure, as many past presidents have done to little effect. “Whether or not it happens or doesn’t happen, the market feels like there’s more of a possibility that it will happen,” Plumb said.

Other companies that stand to benefit from more widespread coroanvirus vaccinations and the U.S. government’s spending plan to rescue the economy were also particularly strong. Victoria’s Secret and Bath & Body Works owner L Brands gained 3.7% after raising its profit forecast for the first quarter, citing higher sales as stimulus checks reach people and COVID-19 restrictions are relaxed.

Since interest rates began rising last autumn, tech stocks have been most caught within the the market’s crosswinds. They were among the biggest winners earlier in the pandemic, and their high stock prices and long runways of profit growth have made them susceptible to weakness when interest rates have been on the rise.

Such high-growth stocks were turning in a mixed performance on Friday. Apple rose 0.5%, but only after swinging between gains and losses numerous times through the day. Microsoft rallied 1.8%, and Facebook climbed 1.5%, but Tesla dropped 3.4%.

Stocks also rose across most international markets. Indexes rallied 1% or more from London to Seoul.

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Fri, 26 Mar 2021 16:40:37 +0000 BlogLikes - Find Most Popular Blogs Apple Personal Finance Facebook Business New York London News Microsoft Tesla Sport Joe Biden Soccer Treasury Victoria Federal Reserve Fed Nucor Freeport McMoRan AP U S L Brands Marathon Oil National News Plumb DAMIAN J TROISE Tom Plumb
Stocks climb, erasing weekly losses for the S&P 500 index https://www.dailynews.com/2021/03/26/stocks-climb-erasing-weekly-losses-for-the-sp-500-index/ By DAMIAN J. TROISE and STAN CHOE

NEW YORK (AP) — Stocks rose on Wall Street Friday, erasing the market’s losses from earlier in the week and avoiding a second straight weekly drop for the S&P 500. The index rose 1.7% Friday, and some of the biggest gains came from companies whose profits are likely to jump the most if COVID-19 vaccinations and massive spending by the U.S. government juice the economy as much as economists expect. Bank stocks got a boost from some loosening of regulatory restrictions by the Federal Reserve and a continued rise in bond yields. Crude oil jumped and helped lift energy stocks.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

NEW YORK (AP) — U.S. stocks are ticking higher in Friday afternoon trading, erasing the market’s losses from earlier in the week and setting Wall Street up to avoid a second straight weekly drop.

The S&P 500 was up 0.7%, and some of the biggest gains came from companies whose profits would jump the most if COVID-19 vaccinations and massive U.S. government spending programs juice the economy as much as economists expect. The index is on track for a 0.7% rise this week after losing 0.8% last week.

The Dow Jones Industrial Average was up 192 points, or 0.6%, at 32,811, as of 3:05 p.m. Eastern time. Most stocks across Wall Street were rising, but losses for some tech heavyweights helped pull the Nasdaq composite down by 0.1%.

Stock prices have been churning in recent weeks, and momentum has often shifted sharply, sometimes by the hour. Rising expectations for a supercharged economic recovery are supporting many stocks on one hand, while worries about the possibility of higher inflation and rising interest rates are undercutting the market on the other.

This past week, everything from President Joe Biden doubling his goal for COVID-19 vaccinations to a skyscraper-sized ship blocking one of the world’s most important canals sent markets swinging.

“It’s natural that you would have people looking at” stocks of companies that would benefit the most from a rejuvenated economy, said Tom Plumb, portfolio manager and president of Plumb Funds. “But there are times when you are going to have a fair amount of volatility because a recovery like we are in has never been smooth.”

Much of the stock market’s recent turbulence has been an after-effect of movements in the bond market, where Treasury yields have been largely climbing since last autumn. Higher yields can make investors less willing to pay high prices for stocks, with companies seen as the most expensive taking the most pain. Companies that ask their investors to wait many years for the payoff of big profit growth have also been hit hard.

The yield on the 10-year Treasury rose to 1.67% from 1.61% late Thursday. But that’s still below where it was last week, when it rose above 1.70% and touched its highest level since before the pandemic began.

A report on Friday also showed that a gauge of inflation that the Federal Reserve likes to use was weaker last month than economists expected. That took off some of the pressure of inflation worries in the near term.

The higher yields helped lift stocks of banks, in part because higher interest rates allow them to make bigger profits from making loans. Financial stocks also got a boost after the Federal Reserve said it will soon allow banks to resume buying back their own stock and to send bigger dividend payments to shareholders. The Fed restricted such moves last summer to force banks to hold onto cash cushions amid the coronavirus-caused recession.

Some of Friday’s biggest gains came from energy stocks, which benefited from a $2.41 rise in the price of U.S. oil, settling at $60.97 per barrel. .

Marathon Oil gained 3.8%, and energy stocks across the S&P 500 rose 1.6%.

Stocks of companies that would benefit from more investment in infrastructure were also rallying sharply. Steelmaker Nucor climbed 7.2% for the biggest gain in the S&P 500, and miner Freeport-McMoRan rose 4.3%.

President Joe Biden is pushing for big spending on the nation’s infrastructure, as many past presidents have done to little effect. “Whether or not it happens or doesn’t happen, the market feels like there’s more of a possibility that it will happen,” Plumb said.

Other companies that stand to benefit from more widespread coroanvirus vaccinations and the U.S. government’s spending plan to rescue the economy were also particularly strong. Victoria’s Secret and Bath & Body Works owner L Brands gained 2.1% after raising its profit forecast for the first quarter, citing higher sales as stimulus checks reach people and COVID-19 restrictions are relaxed.

Since interest rates began rising last autumn, tech stocks have been most caught within the the market’s crosswinds. They were among the biggest winners earlier in the pandemic, and their high stock prices and long runways of profit growth have made them susceptible to weakness when interest rates have been on the rise.

Such high-growth stocks were turning in a mixed performance on Friday. Amazon and Google’s parent company were both down at least 1%, while Tesla sank 5.3%. Microsoft and Facebook were both up modestly, while Apple was down 0.8% after flipping several times between gains and losses.

Stocks also rose across most international markets. Indexes rallied 1% or more from London to Seoul.

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Fri, 26 Mar 2021 16:08:27 +0000 BlogLikes - Find Most Popular Blogs Apple Google Amazon Personal Finance Facebook Business New York London News Microsoft Tesla Sport Joe Biden Soccer Treasury Bank Victoria Federal Reserve Fed Nucor Freeport McMoRan L Brands Marathon Oil National News Plumb DAMIAN J TROISE Tom Plumb
Stocks climb on Wall Street; S&P 500 on pace for weekly gain https://www.dailynews.com/2021/03/26/stocks-climb-on-wall-street-sp-500-on-pace-for-weekly-gain/ By DAMIAN J. TROISE and STAN CHOE

NEW YORK (AP) — U.S. stocks are ticking higher Friday, erasing the market’s losses from earlier in the week and setting Wall Street up to avoid a second straight weekly drop.

The S&P 500 was up 0.3% in afternoon trading, and some of the biggest gains came from companies whose profits are likely to jump the most if COVID-19 vaccinations and massive spending by the U.S. government juice the economy as much as economists expect. The index is on track for a 0.2% rise this week following last week’s 0.8% dip.

The Dow Jones Industrial Average was up 86 points, or 0.3%, at 32,700, as of 2:15 p.m. Eastern time. The Nasdaq composite was 0.6% lower after giving up a gain from earlier in the day.

Stock prices have been largely churning in place during recent weeks with momentum often shifting sharply, sometimes by the hour. Rising expectations for a supercharged economic recovery are supporting many stocks on one hand, while worries about the possibility of higher inflation and rising interest rates are undercutting the market on the other.

“It’s natural that you would have people looking at” stocks of companies that would benefit the most from a rejuvenated economy, said Tom Plumb, portfolio manager and president of Plumb Funds. “But there are times when you are going to have a fair amount of volatility because a recovery like we are in has never been smooth.”

Much of the stock market’s recent turbulence has been an after-effect of movements in the bond market, where Treasury yields have been largely climbing since last autumn. Higher yields can make investors less willing to pay high prices for stocks, with the most pain hitting companies seen as the most expensive or asking their investors to wait many years for the payoff of big profit growth.

The yield on the 10-year Treasury rose to 1.66% from 1.61% late Thursday. But that’s still below last week, when it rose above 1.70% and touched its highest level since before the pandemic began.

A report on Friday also showed that a gauge of inflation that the Federal Reserve likes to use was weaker last month than economists expected. That took off some of the pressure of inflation worries in the near term.

The higher yields helped lift stocks of banks, in part because higher interest rates allow them to make bigger profits from making loans. Financial stocks also got a boost after the Federal Reserve said it will soon allow banks to resume buying back their own stock and to send bigger dividend payments to shareholders. The Fed restricted such moves last summer to force banks to hold onto cash cushions amid the coronavirus-caused recession.

Some of Friday’s biggest gains came from energy stocks, which benefited from a 4.5% rise in the price of U.S. oil. Brent crude, the international standard, rose 4.4% to $64.53 per barrel.

Marathon Oil gained 3%, and energy stocks across the S&P 500 rose 1.4%.

Stocks of companies that would benefit from more investment in infrastructure were also rallying sharply. Steelmaker Nucor climbed 6.9% for the biggest gain in the S&P 500, and miner Freeport-McMoRan rose 3.8%.

President Joe Biden is pushing for big spending on the nation’s infrastructure, as many past presidents have done to little effect. “Whether or not it happens or doesn’t happen, the market feels like there’s more of a possibility that it will happen,” Plumb said.

Other companies that stand to benefit from more widespread coroanvirus vaccinations and the U.S. government’s spending plan to rescue the economy were also particularly strong. Victoria’s Secret and Bath & Body Works owner L Brands gained 4% after raising its profit forecast for the frist quarter, citing higher sales as stimulus checks reach people and COVID-19 restrictions are relaxed.

Since interest rates began rising last autumn, tech stocks have been most caught within the the market’s crosswinds. They were among the biggest winners earlier in the pandemic, and their high stock prices and long runways of profit growth have made them susceptible to weakness when interest rates have been on the rise.

Such high-growth stocks were turning in a mixed performance on Friday. Amazon and Google’s parent company were both down at least 0.7%, while Tesla sank 5.1%. Microsoft and Facebook were both up at least 1%, while Apple flipped several times between gains and losses.

Stocks also rose across most international markets. Indexes rallied 1% or more from London to Seoul.

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Fri, 26 Mar 2021 14:20:46 +0000 BlogLikes - Find Most Popular Blogs Apple Google Amazon Personal Finance Facebook Business New York London News Microsoft Tesla Sport Joe Biden Soccer Treasury Victoria Federal Reserve Fed Nucor Freeport McMoRan L Brands Marathon Oil National News Plumb DAMIAN J TROISE Tom Plumb
Newbie Investment Mistakes in a Post-Pandemic Market https://www.pfadvice.com/2021/03/23/newbie-investment-mistakes-in-a-post-pandemic-market/ Learning how to be an investor was never easy to do before the pandemic struck. Most people think they understand investing because of pop-culture TV shows and movies or because they believe in talking head experts on the news. However, the fact is that most Americans don’t understand basic investment principles or how to do […]

The post Newbie Investment Mistakes in a Post-Pandemic Market appeared first on Personal Finance Advice.

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Wed, 24 Mar 2021 00:50:33 +0000 BlogLikes - Find Most Popular Blogs Personal Finance Education Marketing Investing Making Money Basics Of Investing
The COVID relief package includes a hidden benefit for student loan borrowers that could save thousands in tax payments on loans that have been forgiven http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/_BXCcRAnZBA/third-stimulus-student-loan-relief-borrowers-taxable-income-2021-3 Massachusetts Senator Elizabeth Warren

Drew Angerer/Getty Images

  • The $1.9 trillion stimulus package now includes the Student Loan Tax Relief Act.
  • The proposed bill would end the current policy that taxes certain forms of student loan forgiveness.
  • About $2,200 in taxes would be saved for every $10,000 of forgiven student loan debt.
  • Visit the Business section of Insider for more stories.

The Student Loan Tax Relief Act, first introduced on March 1, 2021 by Sens. Elizabeth Warren and Bob Menendez, is a part of the $1.9 trillion stimulus package. The act would end the current policy that taxes student loan forgiven by the government.

For example, if the government forgives $10,000 for a borrower who earns $50,000, that individual would be spared around $2,200 in taxes levied against that payment, according to the senators. Under the current policy, that $10,000 is considered taxable income.

If the proposed bill passes, it could be the most substantial step taken to relieve student debt in the US, which totals more than $1.6 trillion.

The new legislation would affect loans that have been "modified or discharged" between December 31, 2020, and January 1, 2025, and would include both private and institutional loans, according to a press release from Sen. Menendez.

The senators said the Student Loan Forgiveness Act "paves the way for President Biden to cancel at least $50,000 in federal student loan debt." Biden recently rejected committing to forgiving $50,000 in student loan debt for borrowers, but said he would support forgiving up to $10,000 of borrowers' student loan debt.

Ashley Harrington, Federal Advocacy Director and Senior Counsel at the Center for Responsible Lending, said in a press release that the bill "especially benefits low-income borrowers and borrowers of color who are disproportionately burdened by student debt and the negative impacts of the current health and economic crisis." Harrington also called on Biden to "turn toward providing across-the-board student debt cancellation of $50K per borrower."

The Senate approved the $1.9 trillion COVID-19 relief package last weekend, and it's now on its way to the House for a vote. It includes a one-time $1,400 stimulus payment for taxpayers who qualify, $300 weekly unemployment assistance through early September, aid to fund vaccine distribution and testing, and aid to local governments to help combat the coronavirus. The largest provisions in the bill would affect businesses, schools, and personal finance. Cut from the package was a proposal to raise the federal minimum wage to $15 an hour.

Democrats are aiming to finalize the bill and have it sent to Biden to sign it into law by March 14.

Read the original article on Business Insider

[Author: amayo@businessinsider.com (Aleeya Mayo)]

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Tue, 09 Mar 2021 15:28:53 +0000 BlogLikes - Find Most Popular Blogs Personal Finance Politics Senate Massachusetts US Trends Economy Policy House Biden Stimulus Bob Menendez Harrington Center for Responsible Lending Sens Elizabeth Warren Coronavirus COVID Elizabeth Warren Drew Angerer Getty Aleeya Mayo Stimuluspackage Ashley Harrington Federal Advocacy
The COVID-19 relief package includes a hidden benefit for student-loan borrowers that could save thousands in tax payments on loans that have been forgiven http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/_BXCcRAnZBA/third-stimulus-student-loan-relief-borrowers-taxable-income-2021-3 Massachusetts Sen. Elizabeth Warren.

Drew Angerer/Getty Images

  • The $1.9 trillion stimulus package now includes the Student Loan Tax Relief Act.
  • The bill would end the current policy that taxes certain forms of student-loan forgiveness.
  • About $2,200 in taxes would be saved for every $10,000 of forgiven student-loan debt.
  • Visit the Business section of Insider for more stories.

The Student Loan Tax Relief Act, introduced on March 1 by Sens. Elizabeth Warren and Bob Menendez, is a part of the $1.9 trillion stimulus package. The legislation would end the current policy that taxes student loans forgiven by the government.

For example, if the government forgave $10,000 for a borrower who earns $50,000, that person would be spared about $2,200 in taxes levied against that payment, according to the senators. Under the current policy, that $10,000 is considered taxable income.

If the bill passes, it could be the most substantial step taken to relieve student debt in the US, which totals more than $1.6 trillion.

The new legislation would affect loans "modified or discharged" between December 31, 2020, and January 1, 2025, and include both private and institutional loans, according to a press release from Menendez.

The senators said the Student Loan Forgiveness Act "paves the way for President Biden to cancel at least $50,000 in federal student loan debt." Biden recently rejected committing to forgiving $50,000 in student loan debt for borrowers but said he would support forgiving up to $10,000 of borrowers' student-loan debt.

Ashley Harrington, the federal advocacy director and senior counsel at the Center for Responsible Lending, said in a press release that the bill "especially benefits low-income borrowers and borrowers of color who are disproportionately burdened by student debt and the negative impacts of the current health and economic crisis." Harrington also called on Biden to "turn toward providing across-the-board student debt cancellation of $50K per borrower."

The Senate approved the $1.9 trillion COVID-19 relief package last weekend, and it's now on its way to the House for a vote. It includes a onetime $1,400 stimulus payment for taxpayers who qualify, $300 weekly unemployment assistance through early September, aid to fund vaccine distribution and testing, and aid to local governments to help combat the coronavirus. The largest provisions in the bill would affect businesses, schools, and personal finance. Cut from the package was a proposal to raise the federal minimum wage to $15 an hour.

Democrats are hoping to finalize the bill and have it sent to Biden to sign it into law by March 14.

Read the original article on Business Insider

[Author: amayo@businessinsider.com (Aleeya Mayo)]

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Tue, 09 Mar 2021 15:28:53 +0000 BlogLikes - Find Most Popular Blogs Personal Finance Politics Senate US Trends Economy Policy House Biden Stimulus Bob Menendez Harrington Ashley Harrington Center for Responsible Lending Sens Elizabeth Warren Coronavirus COVID Aleeya Mayo Stimuluspackage
How Much Can Going Solar Potentially Save You? https://everythingfinanceblog.com/33277/how-much-can-going-solar-potentially-save-you.html How Much Can Going Solar Potentially Save You? is a post originally published on: Everything Finance - Everything Finance - Its all about Money!

In typical fashion, we are always looking for new ways to save money on everyday things. So why shouldn’t our utilities be in the mix? Most of the time, there isn’t really much you can do to negotiate when it comes to utilities. It’s a pretty closed market in that you only have one choice when it comes to electricity, gas and water for your home. Which I think is actually pretty ridiculous since they then have a corner on the market and you’re stuck with whatever rate they charge you. Of course there are some smaller ways you can save on electricity, but going solar may just change the whole game. Since this is something we are seriously considering embarking upon, I wanted to take a look at the potential savings of going solar to see if it’s really worth it.

Calculating How Much You Spend on Electricity Now

When it comes to calculating how much electricity you use, it will be a little bit different for everyone. This can be due to the:

  • size of your home
  • age of your home
  • doors
  • weatherproofing
  • windows
  • how many electric appliances
  • which types of appliances (Energy Star or not)
  • how many people live in your home

I can tell you that the national average of kilowatt hours uses (or kWh) hovers around 877 kWh per month. Which translates to approximately around 10,649 kWh per year. And since the national average cost per kWh of electricity used is $.13, that mean the average annual amount spent on electricity hovers around $1384.37.

Where I live, the average cost per kWh is $.11, making it a bit cheaper than the national average. I can tell you that we have 7 people living in our 1888 sq.ft home and we spent a total of $1461.24 per year for our electricity. While that is a bit above the average amount spent, we also have more than the average amount of people living in one home. Plus, we have a 30,000 in ground pool that runs 5-6 months out of the year. So, when I add those two facts in, we actually spend less than the average household in a similar situation.

How Much Solar Panels Can Cost You

Once you have figured out how much you are paying per kWh and then annually, it’s time to figure out how much it costs to get solar panels. Most solar systems are 6 kW systems and have a standard average of how much energy they can produce. This range is generally between 7,000 – 9,000 kWh per system. This might not sound like quite enough juice to power your whole house (and ALL the electronics) all year long, but it certainly can be. This is because your house will use the power the solar panels generate first. And when your solar panels are out of power (let’s say at nighttime or on cloudy days) then your house will use electricity from the power grid.

But, the power grid will use excess power generated by your solar panels when you don’t need the power also. And by doing so, they are buying power from you when you have excess power. And you are buying power from them when you need it from the power grid.

So what this usually means is that most people with solar panels end up balancing out and having a zero balance with the electric company.

Worth it or not?

Therefore, you aren’t paying for power to the electric company anymore. But you are still paying for your solar panels. There are two different ways you can go about getting solar panels. You can either purchase them outright or lease them for 10-12 years. A lot of people choose the lease route if they don’t have the funds to buy them outright. But, to us, that wouldn’t make financial sense because then we would be paying interest for the lease of the solar panels. And this would be losing us more money.

Ultimately, solar panels can cost anywhere between $15,000 – $25,000 to get installed. That is a pretty big range! And a big part of the difference depends on where you live in the country and your roof. In our area, it’s closer to the $15,000 end of the range.

Based on our annual spending now, that means it would take us about 10 1/4 years to recoup how much we spent on the solar panels. I’m not sure if that’s entirely worth it yet.

Tax Credits as a Bonus

But wait! Currently, the federal government is still offering tax credits for solar panel purchases. The government first enacted a solar panel tax credit in 2005 and has been going pretty strong ever since. However, the current solar panel tax credit portion of the clean energy act is set to expire in 2024.

So, what that means is that if we purchase solar panels in 2021, we can get a 26% tax credit on our purchase. It’s the same amount in 2022, but in 2023 it goes down to 23%. And then goes to 0 in 2024, unless current legislature changes this before then, of course.

Therefore, if we purchased solar panels this year with a $15,000 price tag, we would be eligible to get a 26% tax break when we file our taxes next year. That would be a $3,900 tax credit, or ultimately reduce the original cost of the solar panels down to $11,100. So, if we do that, then it would really only take us 7 3/4 years to recoup our money. Which looks a lot better to us since solar panels currently have a 25 year life span. Which means that we would be getting free electricity for 17 1/4 years. That’s pretty sweet!


Awesome facts about how going solar can save some serious cash!
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Going Solar Summary

When it comes to going solar, there are quite a few different things to figure out first. Initially, figuring out how much electricity is currently being used is key. And of course, if you can figure out ways to reduce that usage, it will ultimately help no matter which way you go. Then you need to determine how much your electricity costs you per kWh in your area. This will help determine how much you spend each year and then help determine whether the costs of the solar panels are worth it for you or not. And don’t forget about the solar tax credits as an added bonus!

When it comes to us, we are still up in the air about it. Because we aren’t sure if the money it would cost us to purchase the solar panels would net us a better rate of return in some other investments instead. So, it’s yet to be determined whether or not we are going to pull the trigger or not.

Have you found going solar could save you some money on electricity?

How Much Can Going Solar Potentially Save You? is a post originally published on: Everything Finance - Everything Finance - Its all about Money!

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Mon, 08 Mar 2021 05:00:33 +0000 BlogLikes - Find Most Popular Blogs Personal Finance Home Saving Money Marketing Budgeting Finances Epic Content Everything Finance Everything Finance Amount Of Money
Backdoor Roth IRA: Understanding the loophole that gives high-income earners the tax benefits of a Roth IRA http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/YRgVD9v4MmU/backdoor-roth-ira A backdoor Roth IRA is a way for high-income taxpayers to fund a Roth IRA despite exceeding traditional income limits.

Jose Luis Pelaez/Getty Images

  • A backdoor Roth IRA is a completely legal strategy for high-income taxpayers to avoid the Roth's income limits.
  • Backdoor Roth IRAs are really just a conversion, not a special type of retirement account.
  • Opening a backdoor Roth IRA comes with important tax implications to consider.
  • Visit Business Insider's Investing Reference library for more stories

Roth IRA accounts offer tax-free growth on earnings and tax-free withdrawals in retirement, making it a popular long-term savings vehicle for anyone looking to build their nest egg.

Those perks, however, come with a big asterisk: You can't contribute to a Roth directly if you exceed IRS-imposed income limits. 

But people with high incomes still have a way into a Roth - a strategy that's called a "backdoor Roth IRA." Opening a backdoor Roth IRA gives high-income taxpayers a way to capitalize on the benefits of a Roth despite traditional restrictions. 

According to CFP Brian Fry, a backdoor Roth IRA "is exactly what it's called, a backdoor solution, but I would say it's more mainstream than a backdoor or hidden thing." 

Opening a backdoor Roth IRA will lead you to the same flexibility and investment and trading options as a traditional IRA, without having to pay taxes when you withdraw money in retirement. It's relatively easy to do, but comes with some tax implications to be aware of. 

What is a backdoor Roth IRA?

Although opening a "backdoor" Roth IRA may sound shady, don't let the name mislead you. It's a totally legal loophole. At its core, a backdoor Roth IRA is a simple conversion: You put money into a traditional IRA or 401(k), then convert it to a Roth IRA.

Depending on your personal tax strategy, this could be a win-win situation, especially if you predict your tax rate will be higher in retirement. 

Important: The big advantage Roth IRAs have over traditional IRAs is you pay taxes upfront. In exchange for that, the returns you accrue are tax-free, and you don't owe income taxes upon withdrawal.

Roth IRA accounts allow you to deposit money annually and pay income taxes the year the money is deposited. In contrast, a traditional IRA or 401(k) comes with an immediate tax advantage, because you are not expected to pay associated income taxes on deposits until the money is withdrawn. However, when money is withdrawn, you owe taxes on both their earnings and money that was initially invested.

To contribute directly to a Roth IRA, your income must be under a certain amount, determined by your modified adjusted gross income (MAGI). Individuals who earn above a specified income limit (based on taxpayer status) are prohibited from opening or funding Roth IRA accounts under IRS regulations.  

Here is a quick look at the 2021 limits, per the IRS:

Filing status Modified adjusted gross income (MAGI) You can contribute ... Married filing jointly or qualified widow(er) < $198,000 Up to the $6,000 imit >$198,000 but < $208,000 Reduced amount > $208,000 Zero Married filing separately and you lived with your spouse at any time during the year < $10,000 Reduced amount > $10,000 Zero Single, head of household, or married filing separately and you did not live with your spouse at any time during the year < $125,000 Up to the $6,000 limit > $125,000 but < $140,000 Reduced amount > $140,000 Zero

If your income is too high to contribute to a Roth, going through the backdoor can be your way in, since the IRS does not limit who can convert a traditional IRA to a Roth IRA.

These accounts can be opened at banks and brokerages that offer IRAs. If your retirement plan is part of a 401(k) offered by an employer, the associated financial services company can also help you navigate the logistics.

How to open a backdoor Roth IRA
  1. Put money into a traditional IRA: After contributing to an existing traditional IRA, you can "roll over" or transfer the funds to a Roth IRA. You can also roll over money that's already in an existing IRA, and there's no maximum to how much you can roll over at once.
  2. Figure out if you need to pay taxes: Money in a traditional IRA comes with earnings that are taxed upon conversion to a Roth. Taxes are also incurred on any money the account earns in the time between contribution and account conversion. 
  3. Convert a traditional IRA to a Roth IRA: If you go with this strategy, it's best to do so ASAP, because the sooner you convert to a Roth IRA, the fewer taxes incurred on your earned income.

It should also be noted that another option is to make an after-tax contribution to a 401(k) plan and then transfer those holdings to a Roth IRA.

Keep in mind that a backdoor Roth IRA isn't a tax dodge by any means, but it does promise the future tax savings of your typical Roth IRA account.

Tax implications to consider

A backdoor Roth IRA comes with the tax perks of a Roth IRA, meaning you will not owe further taxes when you eventually withdraw money post-retirement. However, when opening a backdoor Roth IRA, you are subject to paying taxes on the money transferred in that tax year. 

Fry asks clients to consider the following questions when deciding to open a backdoor Roth IRA: 

  • "Where do I get the most value or the most tax-advantaged savings?"
  • "Does it make sense to get the tax deduction today if I potentially qualify?"  
  • "Does it make sense to pay the taxes up front and have tax-free growth for potentially the rest of my life?"

"It's really just about comparing your taxes today versus down the road," Fry says, adding that "there's not any significant advantages. In the end, Uncle Sam always wins."

Disadvantages of a backdoor Roth IRA

While opening a backdoor Roth IRA is a solid option under some circumstances, it isn't for everyone. 

Individuals who will need to withdraw money in five years or less, for example, will not be able do so with a Roth IRA due to its five-year rule. Withdrawing early will subject you to taxes and a 10% penalty.

If you're considering opening a Roth IRA, you should also be mindful of your tax bracket, staying alert to the fact that withdrawing too much at once may push you into a higher income tax bracket.

Finally, withdrawing money from your IRA to pay taxes limits future investment growth, and individuals who withdraw under the age 59-½ are subject to early withdrawal penalties.

The financial takeaway

A backdoor Roth IRA is not an official type of retirement account, but a way for high-income taxpayers to fund a Roth IRA despite exceeding traditional income limits. A backdoor Roth IRA is entirely legal and sanctioned by the IRS. 

Although opening a backdoor Roth IRA comes along with initial taxes, it also gives investors the future tax benefits that come along with a traditional Roth account.

What is a rollover IRA? How to transfer funds from your 401(k) to an IRA and avoid taxesUnderstanding Roth IRA withdrawal rules helps you avoid taking money too soon, triggering taxes and penaltiesOpening a Roth IRA for your kids offers investment options, tax-free growth, and a great lesson in how to saveBorrowing from your 401(k) plan can be a fast, advantageous way to meet serious financial needs - here's everything you need to know about 401(k) loans Read the original article on Business Insider

[Author: asaad@businessinsider.com (Amena Saad)]

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5 Factors That Will Impact Your Credit Card Eligibility https://www.youngupstarts.com/2021/03/05/5-factors-that-will-impact-your-credit-card-eligibility/ There are still some factors that will impact your credit card eligibility. Here are five you need to know.

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H&amp;R Block tax software is on sale right now in preparation for tax season - here are the best deals http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/qxQG_X-Yu6E/best-hr-block-software-deals-2021 If you buy through our links, we may earn money from affiliate partners. Learn more.

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Taxes are confusing and picking the right software to file with is important when it comes to maximizing your refund. If you haven't chosen yet, we like H&R Block. It's easy to understand, and while it's not the cheapest option out there, we found that the user experience is worth the price.

Right now, you can find most versions of the software for both Mac and PC discounted at Amazon.

The software comes with the same accuracy and satisfaction guarantees as H&R Block's online filing services. You'll be able to download the program and prepare your return with or without an internet connection, and e-file up to five federal returns. While state return preparation is included, it's important to note that there's an additional fee to e-file.

Amazon is also holding an exclusive offer right now in which you can get a 3.5% bonus added to your refund when you choose to put it on an Amazon gift card. 

Best H&R Block deals available now Tax Software Basic 2020 (medium) Tax Software Deluxe + State 2020 (medium) Tax Software Premium 2020 (medium) Read the original article on Business Insider

[Author: insider@insider.com (Sarah Saril)]

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Mon, 01 Mar 2021 18:42:57 +0000 BlogLikes - Find Most Popular Blogs Reviews Amazon Deals Personal Finance Taxes Sales Trends H R Block TurboTax H R Block IP Graphics Product Card Deals (Reviews IP Deals Sarah Saril Gilbert Espinoza Insider Reviews 2021
50+ retailers that offer military discounts all year long - including Adidas, HelloFresh, and Sunglass Hut http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/_OT8_w0L0xM/military-discounts If you buy through our links, we may earn money from affiliate partners. Learn more.

liberty mutual military discount

Liberty Mutual Insurance Facebook

  • US Armed Forces veterans and active-duty members are eligible for discounts at many retailers.
  • A military ID or an online verification saves service members on everything from apparel to tech.
  • For more deals that everyone can take advantage of, check out our master list of sales.

To show gratitude toward veterans and active-duty members of the armed forces, many retailers offer special discounts to active and former military personnel, veterans, families of the Armed Forces, and first-responders.

By presenting a military ID or filling out an application online, eligible shoppers can save up to 50% on everything from new tech to insurance.

To make it easier to navigate, we've rounded up a list of stores offering military discounts year-round and on Memorial Day, below. And though there are a good amount listed, it's always a good practice to ask at any store you're shopping at since many don't advertise, or in case they require in-person verification.

Check out all the stores that offer military discounts year-round: Clothes, shoes, and accessories eb military discounts

Eddie Bauer Facebook

Adidas: 20% off at factory outlets and 30% off online with online verification.

Allen Edmonds: 15% off regularly priced merchandise after ID validation. 

Alpha Industries: 15% off all items with online verification.

Backcountry: 20% discount on select full-price purchases online for military members, veterans, first responders, and more.

Bonobos: 20% military discount for five orders over a course of a year for active-duty service members and veterans.

Carhartt: 25% military discount on apparel and accessories for verified military, first responder, and nursing community.

Champs Sports: 15% discount on most in-store or online purchases. If shopping online, simply select "Use Military Discount" at checkout to verify your eligibility. 

Cole Haan: 20% off for veterans and active-duty members.

Columbia Sportswear: 10% discount for military members through online verification.

Converse: 15% off to all active, reservist, veteran, and retired US Military personnel, as well as the spouses and dependents of active personnel. Verify online.

Dagne Dover: Discounts vary but just fill out this form with your official military email address and the company will send you the discount information.

Eddie Bauer: extra 10% off in-store purchases to all active and former military personnel, veterans, and families of the Armed Forces.

Foot Locker: 15% off most purchases in-store and online. During checkout, click on the "Use Military Discount" link and follow the instructions. 

GlassesUSA: on select styles.

Hanes Outlet Store: 10% off with military ID. 

Kohl's: 15% off in-store only every Monday for active and former military personnel, veterans, and their families.

L.L.Bean: 10% discount to anyone with a valid military ID and online verification.

Moosejaw: 20% off full-price purchases for military members.

Nike: 20% discount for active, retired, reservist US Army, Navy, Air Force, Marines, and Coast Guard personnel online and in stores in the US. Verify your eligibility using the form. 

Ray-Ban: 15% off. Click the "Military" dropdown in the shopping cart to verify your status and apply your discount.

Roxy: 15% discount on apparel and surfing supplies.

Sunglass Hut: 15% discount for active-duty military, retirees, veterans, and family members by registering through ID.me.

Timberland: 20% discount off select styles online and in-store orders for active-duty military, veterans, and families with valid credentials.

Tommy John: 20% off for military and first responders. Verify eligibility here

TOMS Shoes: 10% discount. Verify your eligibility here.

Under Armour: 10% off online and in-store for Active Duty, Retirees, Military Spouses, Military Family Members, as well as a 10% discount for First Responders, active Police, Fire, and EMT customers. Verify yourself here to get the discount online.

Vera Bradley: 15% online discount. Verify your eligibility with ID.me.

Yeti: Special pricing for select gear for military members, veterans, and first responders.

Zappos: 10% off all purchases made on the site.

Phone and internet verizon military discount

Verizon Facebook

AT&T: 25% discount on monthly plan charge.

Sprint: 50% off military family lines.

T-Mobile: 50% off family lines for military personnel. 20% off the standard $70-a-month plan ($55) with AutoPay.

Verizon Wireless: Get Unlimited for $30/line and select from different bundles. All government employees including active duty, reserves, and national guard are eligible. This discount is also extended to retired military, veterans, and their families through Veterans Advantage.

Tech bb military discount

Best Buy Facebook

Apple Store: 10% off Apple products and accessories for veterans and active military. 

Best Buy: discounts are available at some locations; typically 10% off in store. Best Buy offers half off Geek Squad services for military families.

Dell: 10% off PCs and electronics with an email sent to a US sales agent.

Microsoft: up to 10% off on select products for active, former, and retired military personnel and their families.

Home and hardware hd military discount

The Home Depot Facebook

Brooklyn Bedding: , verify through ID.me.

Casper: 20% discount off any order with a mattress for active duty, retirees, veterans, military spouses, and military family members. 

Eight Sleep: Get 10% off any product, including custom smart mattresses if you're a firefighter, EMT, or part of the military or police. 

HelloFresh: 50% off first HelloFresh box plus 15% off every HelloFresh Box for a year.

Home Depot: Tax exemption, year-round at all stores to active duty military personnel, reservists, retired or disabled veterans, and their immediate families.

Leesa Mattresses: 15% off for military, first responders, students, and teachers.

Lowes: 10% off eligible purchases. Register here to enroll.

Overstock: Get a free Club O membership and receive 5% reward dollars for every purchase, free shipping, and extra reward dollars.

Sherwin Williams: Get 15% off on paints, stains, and painting supplies to those currently serving, are reservists, or have served in the military.

Home, insurance, and hardware geico military discount

Geico

American Express: Get annual fees waived on any charge or credit card, including the Platinum Card, which offers a number of perks, benefits, and freebies.

AutoZone: Discount varies, so just ask and have a valid military ID on hand. 

Avis: Up to 25% off base rates for U.S military veterans, active-duty military, National Guard & Reservists, and family.

Geico: up to 15% discount your total insurance premium. Check your availability here

Liberty Mutual Insurance: Insurance discounts vary for those who are active, retired, or reserved in the U.S. Armed Forces.

Read the original article on Business Insider

[Author: insider@insider.com (Mara Leighton)]

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Mon, 01 Mar 2021 16:01:06 +0000 BlogLikes - Find Most Popular Blogs Reviews Apple Deals Personal Finance Microsoft US Trends Nike Columbia Sportswear Features Military US military Dell Zappos Discounts Armed Forces Kohl Coast Guard Ray Ban GEICO Liberty Mutual Insurance Overstock Alpha Industries Eddie Bauer Sherwin Williams Allen Edmonds Tommy John Vera Bradley MooseJaw Mara Leighton Style (Reviews Home (Reviews Tech & Electronics (Reviews IP Roundups Insider Reviews 2021 Adidas HelloFresh Liberty Mutual Insurance Facebook US Armed Forces Eddie Bauer Facebook Adidas US Army Navy Air Force Marines Verizon Facebook AT T Veterans Advantage Tech Best Buy Facebook Home Depot Facebook Brooklyn Leesa Mattresses Geico American Express U S Armed Forces Read
H&amp;R Block tax software is on sale right now in preparation for tax season - here are the best deals for all types of needs http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/qxQG_X-Yu6E/best-hr-block-software-deals-2021 If you buy through our links, we may earn money from affiliate partners. Learn more.

How much does H&R Block cost 2x1

H&R Block; iStock; Gilbert Espinoza/Insider

Taxes are confusing and picking the right software to file with is important when it comes to maximizing your refund. If you haven't chosen yet, we like H&R Block. It's easy to understand, and while it's not the cheapest option out there, we found that the user experience is worth the price.

Right now, you can find most versions of the software for both Mac and PC discounted at Amazon.

The software comes with the same accuracy and satisfaction guarantees as H&R Block's online filing services. You'll be able to download the program and prepare your return with or without an internet connection, and e-file up to five federal returns. While state return preparation is included, it's important to note that there's an additional fee to e-file.

Amazon is also holding an exclusive offer right now in which you can get a 3.5% bonus added to your refund when you choose to put it on an Amazon gift card. 

Best H&R Block deals available now Tax Software Basic 2020 (medium) Tax Software Deluxe + State 2020 (medium) Tax Software Premium 2020 (medium) Tax Software Premium & Business 2020 (medium) Read the original article on Business Insider

[Author: insider@insider.com (Sarah Saril)]

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Wed, 24 Feb 2021 18:08:33 +0000 BlogLikes - Find Most Popular Blogs Reviews Amazon Deals Personal Finance Taxes Sales Trends H R Block TurboTax H R Block IP Graphics Product Card Deals (Reviews IP Deals Sarah Saril Gilbert Espinoza Insider Reviews 2021