How To Get Out of a Reverse Mortgage
admin Many seniors in need of cash turn to a reverse mortgage. A reverse mortgage allows homeowners age 62 and older to use their home equity to receive payments. The loan…
Can You Buy a House With a Reverse Mortgage?
A reverse mortgage allows homeowners 62 years old and older to supplement their finances by taking out a loan using the equity in their home. The money can be used…
Bankruptcy
A bankruptcy discharge is a court order issued at the end of a Chapter 7 or Chapter 13 bankruptcy proceeding. The order relieves the debtor from any obligation to repay…
Health Insurance
The health insurance deductible is the amount of money you agree to pay before your health insurance coverage kicks in. Plans generally have a family deductible and an individual deductible,…
Managing Your Student Loans
Income-driven repayment plans cap student loan payments at a percentage of your discretionary income—the amount remaining after you deduct taxes, other mandatory charges, and expenditure on necessary items. An income-driven…
Unemployment Claims Edge Upward, But Remain Low
New unemployment claims rose to the highest level for any week since January, and household net worth dropped for the first time since the initial crush of COVID-19, reports showed…
What Is Risk Tolerance?
Risk tolerance is the amount of market risk an investor can withstand. Definition and Example of Risk Tolerance All investments carry some degree of risk. The amount of market risk…
What Is an AB Trust?
Key Takeaways An AB trust is a tool that can help ultra-wealthy married couples lower their estate taxes. AB trusts are no longer popular because of broader estate tax exemptions…
What Is a Mutual Fund Family?
Definition and Example of a Mutual Fund Family A mutual fund family is a group of mutual funds that share the same mutual fund sponsor. Most fund companies offer a…
Can You Write Checks From a Savings Account?
Savings accounts are a great place to keep your cash. You’ll earn interest, and the money is accessible if you need it. But just how accessible is it? Can you…