When you’re preparing to have a baby, long-term considerations like paying for college tuition seem relatively unimportant compared to more immediate concerns like nursery room furniture, diapers, formula, and childcare facilities. However, the earlier you begin saving for the future, the better off your child will be. Investments parents should make 529 College Savings Plan There are two types of 529 plans, prepaid tuition plans and savings plans. Prepaid tuition plans apply to one “qualified educational institution” (accredited, … [Read more...] about 4 Investments Every New Parent Should Make
The financial technology industry, also known as “fintech”, is rapidly expanding across the globe. In the second quarter of 2017 alone, fintech companies raised nearly $5.2 billion and there are currently 26 fintech companies valued at $1 billion or more. The rise of fintech is creating serious problems for the traditional financial industry. These tech-savvy companies are better equipped to handle consumers’ demands for 24/7 control over their finances. In addition, they offer lower fees and higher savings account interest rates compared to … [Read more...] about How is the Tech Industry Transforming the Financial Industry?
It can be difficult to determine what exactly is a good rate of return on your investments due to additional factors like tax rates, commission fees, account management fees, and so on. Even if you’ve been involved in managing your own investments with a human advisor or a robo-advisor for a while, investing is nevertheless a complicated venture. Anyone with other hobbies and a day job knows that. If you’re looking for a simplified, low-cost solution to the confusion swirling around the stock market and best investment strategies, then … [Read more...] about Robinhood Investing App Review
Regularly monitoring your credit reports is crucial for maintaining a good credit score. However, it can be difficult to keep track of all your credit details when you have multiple credit cards, loans, and other financial information scattered across many different accounts. While some credit card companies report to one or two bureaus, other lenders might report to another bureau, which means there’s not much cohesion between your credit reports from TransUnion, Experian and Equifax sometimes. If you wished there was an easier way to keep … [Read more...] about Review of the myFICO 3-Bureau Report and Identity Theft Monitoring
With a stroke of a pen, the president signed the new tax reform law into existence. The law, which is formally known as the Tax Cuts and Jobs Act, takes effect on January 1, 2018. The act will mean millions of businesses and consumers will see their taxes change for the 2018 filing cycle. The law is widely known to reduce the corporate tax rate from 35 percent to 21 percent. Many individual income brackets change as well. So how can you save on your taxes for next year? How You Can Save on Taxes Standard Deduction Taxpayers have the option … [Read more...] about Taxes Are Changing – Find Out How You Can Save on Your Income Taxes
When it comes to income taxes, many people experience confusion as it is not always an easy topic to understand. They don't know how to claim an income tax refund. During the tax year, you may find that you have not paid enough income tax and that you, therefore, owe money to the government as a result of this. However, it also works the other way. You are eligible to receive an income tax refund when you have paid more tax to the government than your actual tax liability. In this article, I will talk about the basics of claiming a tax … [Read more...] about Getting Back Your Money – How to Claim an Income Tax Refund
In wake of countless student loan myths appearing in media reports nowadays, it might seem like investing in a financial sector repeatedly referred to as a “crisis” or “bubble” would be a crazy idea. While it’s true that student loan debt is at an all-time high, with more than $1.3 trillion loans outstanding currently, this nevertheless represents an optimal chance for independent investors to invest in student loans by using peer-to-peer student lending. Peer-to-peer lending has become a favorable alternative for graduates and families … [Read more...] about Should You Invest in Peer-to-Peer Student Lending?
The following is a guest post by Tom McMakin is the author of "How Clients Buy" (Wiley, 2017) and the CEO of Profitable Ideas Exchange (PIE). If you'd like to contribute a guest post to Money Q&A, be sure to check out our guest posting guidelines. A woman with a fuchsia jacket and large hoop earrings works to upsell us. “Are you interested in the cold-weather package and undercarriage protection.” A guy at the mall jewelry store with pants that hang impossibly low peers over the counter and says, “We find a good rule of thumb is … [Read more...] about Why We Hate Salespeople – One Hurdle People in Sales Need to Overcome
If you Google “money and marriage,” most of the top results are articles and studies that offer desperate couples advice on reducing arguments and full-blown fights over financial issues. Money is a touchy subject for so many people, and for a relationship on track to marriage, money is a particularly important topic as you get closer to combining incomes, assets, expenses, debts, and tax filings.
6 Crucial Questions to Ask Before You Get Engaged
If you’re on the verge of proposing to your current partner (or expecting a proposal in the near … [Read more...] about
Whether you’re a seasoned pro or just getting started in investing, the world of investments isn’t limited to just the usual assortment of stocks, bonds, and mutual funds. In fact, there are many strange investment options that you might not have considered. Many people are flocking to add them to their investment portfolios. Unusual Things to Invest In Here’s a glimpse at five of these unusual options that you might want to consider as well. Cryptocurrencies As Bitcoin continues to rise in value, you’ve probably heard a lot about it in the … [Read more...] about Top 5 New and Unusual Things to Invest In