Financial Planning

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The Difference Between an Equity Analyst and an Investment Analyst

Financial analysts can be divided into different specializations, two of which are equity and investment analysts. The job duties, educational requirements and career advancement prospects of equity analysts and investment analysts are similar, but the two job roles are ...

LLC Vs. Irrevocable Trust

An irrevocable is a device that allows you to place your assets under the care of another person based on terms that you determine in advance. A limited liability company, or LLC, is a vehicle that allows you to own all or part of a company and enjoy limited liability without ...

Penalty for Withdrawing From a 529 Plan

The federal government gives tax advantages to investments made in 529 plans, which are operated by states and educational institutions to help individuals save for college. The Internal Revenue Service doesn't offer a deduction for contributions, but the money does grow ...

Debt Load Ratio

Monitoring your debt and maintaining it at a manageable level are important steps in ensuring your financial security. Take the time to learn the proportion of your debt to your income. Your debt load ratio, also known as debt-to-income ratio, is a metric that lets you see ...

Social Security Benefits for a Spouse/Caregiver

The Social Security Administration has been providing benefits to survivors and dependents of insured workers since 1939. A worker qualifies for benefits by working at least 10 years and earning 40 credits toward those benefits. The spouse of an insured worker can gain access ...

Can Monetary Gifts Be Made From an Irrevocable Trust?

If you have significant assets and want to avoid probate and estate taxes, an irrevocable trust may be a good idea. As the grantor of the trust, you name the trustee, who will be responsible for managing it. You can place investments, property, cash and valuables into the trust, ...

Paying Off My Mortgage vs. Investing in My 401(k)

If you’re lucky, you earn enough to have a bit of leftover cash each month. If you’re smart, you’re looking for ways to make use of those extra bucks instead of frittering them away on frivolous purchases. Investors in this situation often reach a point where they need to ...

How to Get a Tax ID Number From the IRS for a Special Needs Trust Fund

A special needs trust is one you set up to provide for a loved one with a disability. This type of irrevocable trust -- one whose terms cannot be changed -- supplements the public assistance a person with a disability is eligible for, keeping her above the poverty level and able ...

Do Children's Social Security Benefits Have to Be Accounted for Annually?

The Social Security Administration requires all representative payees -- individuals who manage Social Security payments on behalf of a beneficiary -- to file an annual report stating how the funds were used. When a child is the benefit recipient, a parent or legal guardian ...

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