Financial Planning

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Advantages of an Irrevocable Trust

individual may create a trust and transfer property into the trust for the benefit of beneficiaries. The person who creates the trust is called the settlor; the settlor designates a trustee, who manages the trust assets according to the terms of the trust. The trust can be ...

What Are the Advantages of Repaying an Installment Debt Over a Long Period?

ng-term financing is a common need when you want to make large purchases, such as with a home, car or boat. You may also get a home equity loan or personal loan to cover education, home renovation or business start-up costs. You need to understand the advantages that come with ...

How to Amend a Revocable Trust for a Marriage Name Change

revocable trust is an alternative to a will. It is preferred by many because unlike a will, a revocable living trust does not need to go through probate. As such, it gives your heirs faster access to your assets. Another benefit of a revocable living trust is that you can make ...

Annuity Vs. a Deferred Annuity

annuity can be a good investment for retirement, but choosing the right type involves a lot of decisions. You can choose either a fixed annuity, with a guaranteed rate of return, or a variable, whose earnings depend on the success of investments. You can take payments ...

How Do Assets Affect Liquidity?

e mix of your assets and your level of liquidity are interrelated. Personal or household liquidity represents your ability to cover current and near-term expenses with available cash or easily convertible assets. Understanding the relationship between your assets and expenses ...

How to Avoid Front-End Charges on Mutual Funds

ny mutual fund companies assess an upfront sales charge known as a front-end load. It is charged as a percentage of the purchase price and the money is used to cover the broker's commission. Under federal securities laws, fund companies can impose a charge of up to 8.5 percent ...

If My Bond Is in Default Will I Still Get Par Value at Maturity?

en you purchase a bond, you loan money to the issuer for a fixed period of time. Like any lender, you run the risk that the borrower will fail to repay the debt. Technically, a bond is in default if the issuer fails to make a scheduled payment. This can happen for a variety of ...

How to Borrow Against a SIMPLE IRA to Pay Off Debt

you work for a small business, chances are you may have a SIMPLE IRA -- Savings Incentive Match Plan for Employees Individual Retirement Account. This account can be used as a tax-free source of funds to help you pay off debt, but it is a short-term solution and requires some ...

How to Calculate an Approximate Value on a Savings Bond Without the Serial Number

ecking the value of your savings bonds tells you how much you could redeem them for in a pinch. It also lets you know how much interest you're going to have to report on your income taxes. You don't need to have the serial number handy to check a bond's value.

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