Personal Money Management

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How to Withdraw Money From My Mutual Fund

Redeeming shares of a mutual fund can be as easy as a single click online or a phone call. On the other hand, it might require a meeting with your financial adviser. It depends on your needs and the tax status of your account. In any case, the process is pretty straightforward.

Blind Trust Vs. Revocable Trust

You set up a trust to manage money, and for the legal advantages that trusts offer. Many trusts handle estates to be passed on to beneficiaries; such a trust helps the heirs avoid probate court when the grantor dies. The trustee, a person or organization that you designate, has ...

What Are the Different Markings Used to Identify Real Gold?

Federal law requires that gold jewelry sold in the United States must be marked with the gold content. The U.S. jewelry industry has standardized the marking of real gold items through Voluntary Product Standard PS 68-76. The jewelry manufacturer bears the responsibility and ...

How to Trade in a Lease

When you lease a car instead of buying it, you don't have to worry about common car concerns such as depreciation. But you're also not building equity in your lease. It's impossible to trade in a leased car for money in the same way you might trade in a car you own. A few ...

Lower, Middle and Upper Class Income Levels

In the United States, people and classes are categorized by income levels. These levels fluctuate from one year to the next and you may find yourself changing groups whether your income remains the same or not. With 56 percent of the population in the middle class, it is the ...

Lottery Annuity vs. Lump Sum

If you are one of the fortunate few who win a lottery jackpot, one of the first choices you must make is whether to take your winnings in a single lump sum or spread them out in annual payments over a span of 25 to 30 years. It may look like an easy decision, but there are a ...

What Is a Loan Maturity Date for a Mortgage?

If you've borrowed money from a bank or other company to buy a house, then you've taken out a mortgage. A mortgage is a loan secured by property: the house which you've purchased and now own. As long as you keep up the monthly payments, the loan is current. A mortgage is a ...

Are Lottery Annuity Payments Transferable?

If you're lucky enough to win the top prize from your state's lottery, such as Powerball or Mega Millions, you must decide how to collect your prize. You can choose between receiving a one-time cash payment or a series of annual payments, called an annuity. The best choice ...

What Is the Lotto Annuity?

Before you pick out the new mansion, yacht and private jet, as a lottery-jackpot winner, you must tell the game officials whether you want to receive an immediate lump-sum payment or an annual distribution -- the lotto annuity -- for the next 25 to 30 years. Financial pundits ...

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