Personal finance
(Stefon Walters) Stock market corrections — defined by declines between 10% and 20% in major indexes — are unavoidable in the stock market. In fact, they tend to happen at least once every two years on average. If you’re an investor, you’ll save yourself some stress by coming to terms with that fact. The one … Read more
Direct indexing enables investors to individually own the underlying securities that make up an index. Investors can customize their strategy, such as to save on taxes, rather than track the index exactly. Direct indexing fees and account minimums can be much higher than investing in index funds. Loading Something is loading. When investors want to … Read more
Southwest flyers have lots of ways to earn points without stepping on an airplane, and one of the easiest routes is by opening and using a Southwest credit card. Chase issues five co-branded Southwest cards with varying annual fees and benefits, and right now the personal versions — the Southwest Rapid Rewards® Plus Credit Card, Southwest … Read more
Image source: Getty Images Don’t make the same financial mistakes. Key points Even the most successful people have made money mistakes. Suze Orman says one of her biggest mistakes was spending money to impress people. Debbi Fields believes in learning to start small, no matter how much you have. Life is full of regrets. Successful … Read more
If you have a mortgage on your home, your lender will require you to send the declaration page to prove you’re renewing your insurance annually. Westend61/Getty A homeowners insurance declaration page lists the specifics of your policy like your coverage and premiums owed. You receive a homeowners insurance declaration page when your policy is issued. … Read more
We won a bidding war even though the next-best offer had a little more money and a higher down payment. We made our earnest money deposit non-refundable, so the seller could keep our money no matter what. Waiving earnest money is a safe bet for the seller, because they’ll still get some money even if … Read more
(Stefon Walters) Stock market corrections — defined by declines between 10% and 20% in major indexes — are unavoidable in the stock market. In fact, they tend to happen at least once every two years on average. If you’re an investor, you’ll save yourself some stress by coming to terms with that fact. The one … Read more
Let’s face it: Trying to figure out what to do with a cash surplus is a great problem to have. Still, whether you’ve received a sudden windfall of cash in the form of a work bonus, an inheritance or profits from a property sale, or if you’re simply looking for a new saving strategy, doing … Read more
A health savings account is a tax-advantaged account designed to help cover out-of-pocket health care expenses. If you’re the account holder, your spouse and dependents may also use the HSA, even if they’re not covered by your medical plan. In 2022, you can contribute up to $3,650 if you have individual health insurance or up … Read more
Both home equity loans and cash-out refinances allow you to turn home equity into cash. A cash-out refinancing replaces your existing mortgage with one that has a larger balance. A home equity loan is considered a second mortgage and comes with an additional monthly payment. Loading Something is loading. Owning a home lets you build … Read more