T he Apple Card is no longer unofficial news. The new companion credit card for Apple Pay officially made its debut on Monday during a much-watched media showcase for the company’s new service products. As expected, the new credit card will offer two percent cash back on some purchases, plus a slew of personal …
Exceeding the lifetime allowance results in heavy tax charges when accessing your pension. One million workers are at risk of breaching the pensions lifetime allowance limit, triggering hefty taxes, research from the mutual insurer Royal London shows. According to the research, just under 300,000 non-retired people …
A college 529 plan is a very effective - if under-used - investment vehicle that helps families save for college in a tax-friendly manner. Unfortunately, 529 plans seem to be flying under the radar of U.S. college-bound families who are already struggling to pay for the soaring cost of college. In fact, a substantial majority of …
Apple formally announced the details of its widely expected credit card today, which will offer things like cash back rewards, a whizzy app, and a titanium card with no numbers on it. While many of the features Apple is …
Despite the potential higher returns available through stockmarket investing, cash Isa sales have been booming. We explain why. Cash is king this Isa season, with a record amount of money deposited into cash Isas in January, figures from the Bank of England show. In contrast, sales of stocks and shares Isas have …
One of the biggest obstacles for young professionals who want to start setting aside cash for investment is student loan debt. It can be difficult for younger professionals to make forward-looking business decisions while still contending with past financial burdens. And professionals of any age must learn to balance debt …
Apple Card is a credit card that exists as a physical card with details on an iPhone. Today Apple showed the Apple Card for the first time ever – and made a pretty convincing case for how the card could be better than any other credit card. The Apple Card launches later this year, and we’ll know more about how you’ll attain …
Following up on its 2018 SEEK program with Queens College of the City University of New York, which provided financial aid as well as supplemental academic support, TIAA has launched a nifty online and on-campus financial education program called FinSights. The online program aims to help college students (or …
It Takes Two calls in an expert to discuss WHY having a credit card before a child turns 18 could be good or bad, plus a little in depth talk about the US obsession with credit card offers. If you have kids, you have undoubtably had a conversation about when the right time would be to get them a savings account, …
Underwhelmed with the performance of your one person defined benefit pension plan? If you have a defined benefit pension retirement plan or are thinking about starting one for your small business, this article may …
Better.com, a digital mortgage disruptor and one of the fastest growing home-financing companies in America, announced today that it is now offering government-backed FHA home loans to consumers through the company’s website, Better.com. Insured by the Federal Housing Administration (FHA), FHA-loans require …
One in five parents with credit cards said their children have made unauthorized purchases, lending credence to concerns that adolescents will run wild on shopping sprees or rack up in-game Fortnite purchases. But it doesn't have to be that way. Parents who want to help their children handle money responsibly and build …
I have been writing about investments, retirement plans and the economy for decades. As you might imagine, I have received a lot of comments and emails from readers. The vast majority of your emails are kind, caring …
Investment fees, custodial fees and other expenses you pay on your IRA are no longer deductible under the Tax Cuts and Jobs Act. These costs were deductible as a miscellaneous itemized deduction, to the extent that they and other expenses exceeded 2 percent of your adjusted gross income. Back in 2016, about 13 million …
CNBC18h
Most of us are looking forward to a long weekend at Easter, with both Good Friday (April 19) and Easter Monday (April 22) off. But two bank holidays in one weekend can be confusing for people receiving Universal Credit, tax credits and child benefits. That’s because the date the Government makes these payments will …
A number of individuals ages 45 and up fall into a new category — super savers — because they are putting away at least 20 percent of their income. These people are making saving and investing a priority even over …
CNBC20h
These days, being young and in love just isn't enough. Megan McDonald, 23 and her boyfriend, Nick Palmiotto, 25, have been together for over three years but their marriage plans are on hold. "We like the idea of being married young and starting a family younger — both of our parents were done having kids before 30 — but …
While retiring before the age of 65 might sound like a luxury to many, the reality of early retirement is often much less appealing. Whether because of a layoff or health issue, you might find yourself exiting the workforce long before you’d planned to — and struggling to manage the financial fallout.
Households could collectively be owed up to £220million from energy suppliers, a new report claims. After a relatively warm winter, millions of customers are likely to have paid for more energy than they have used this winter. Nearly two-thirds of people pay for their gas and electricity usage through a fixed monthly direct …
Americans owe trillions of dollars on loans: car loans, loans to pay the bills, student loans, emergency loans. Loans on loans. But many don't understand how interest is charged on loans -- and how it can make them very costly. The interest calculation can be a bit complicated, in the case of compound interest.
Sure, you know all about envelope budgeting, Japanese bullet journaling and the tried-and-true method of paying for everything in cash, but there’s a new budgeting method making waves in 2019: It’s called ‘passion budgeting.’ What is it?Passion budgeting is derived from the idea that we should prioritize spending on what …
Most parents want their children to be better off than they are. It's therefore encouraging to see that 57% of millennials believe they'll be wealthier than their parents in their lifetimes, according to data from LendEDU. But becoming wealthy isn't a matter of luck -- it's a matter of precise planning and smart decisions.
A gift that was meant to cover the price of a ‘freebie’ ended up costing me £42 this month thanks to a ‘continuous payment’ trap, writes Laura Shannon. In recent weeks, The Mail on Sunday has explored how this payment method unwittingly snares consumers and automatically signs them up to paying regular sums …
A savings account is a great place to park money you'll need in the short term. Savings accounts typically pay more in interest than checking accounts but still make it easy to access your money when you need it. And, you have a plethora of options for financial institutions to open a savings account, so there's a savings …
Dear Carrie, My husband and I are in our early 40s with two young kids. We know we should have some sort of estate plan, but it seems like such a chore. Any way to keep it simple? On top of our understandable aversion to facing our own mortality, estate planning conjures up images of mind-boggling detail, long hours with an …
Giving a loan to or taking a loan from relatives and close friends is quite common to meet personal and medical emergencies, to tide over temporary shortfalls. Similarly, giving loans to house helps to help them with their personal needs is also quite common. Therefore, a recent news item, which seemed to suggest that …
Is it time to start thinking about paying down your credit card balance? If you're in Louisville, that's more likely to be the case. A report from CompareCards.com puts Louisville in the top 10 cities where residents use the biggest portion of their credit cards' available credit lines. The company looked at the 50 biggest U.S. cities …
A recent report has shown that an overwhelming majority of those who used a broker for a previous home loan have either already used or plan to use one again when moving into a subsequent home. ING’s Upgraders Homeownership Survey Report revealed the returning customer figure sits at 81%. When asked about her …
A DAD of two was left feeling suicidal when manic spending sprees caused by his bipolar saw him rack up £30,000 of debt. Paul Meadows, 45, an office manager from Northamptonshire says it's only his children who kept him going and spurred him to getting the help he needed. "It was like a rollercoaster.
On March 11, 2019, Federal Reserve Chair Jerome Powell indicated there will be no further rate hikes in 2019, even though he suggested that two were likely this year as recently as December 2018. On the one hand, his backpedaling is welcome news for risk assets. Stocks have performed well year to date and real estate …
Being a grown-up is hard. Being a financially independent grown-up is harder. Our children must take on a lot when they reach adulthood: rent, food, transportation, insurance, not to mention staying connected (cellphone, cable and/or WiFi) and perhaps student loans. It's a challenge for most of them: In a 2014 poll conducted by …
OneMoney has followed in the footsteps of Ecocash to introduce its own nano loan, dubbed Katsaona. Katsaona enables OneMoney customers to access collateral-free loans of up to $50 in just 3 minutes (at most) straight into their OneMoney mobile wallet. In the same way, EcoCash partnered with Steward Bank to offer …
Historic devastating flooding is occurring now in the Midwest, causing an estimated $3 billion in damage so far and displacing thousands of residents from their homes. And experts warn that the flood risk could persist for months. One of the best ways that you can help those whose lives are being affected by the flooding is by …
Part 1 explored the importance of controlling costs when managing post-retirement or “decumulation” portfolios.Read it here. Living longer presents two contradictions for investors: an element of the popular buy-hold-rebalance approach becomes more valid while also being rendered useless; and clients need to both …
At an event held on Tuesday, 12 March, at the show apartment for TRI-ZEN on Vauxhall Street, Sri Lanka’s leading retail bank, HNB, announced the introduction of attractive mortgage packages exclusively for …
Despite record levels of household debt, Canadians are prioritizing saving over debt paydown, according to a poll from Mississagua, Ont.-based Edward Jones. The poll found that 77% of Canadians say saving is their top priority. The reasons for saving included retirement (41%), lifestyle expenses (37%), future education costs …
Saving and investing in a tax-efficient manner is important if you want to get the most out of your money, and there are a number of UK investment accounts that allow you to do this. There’s the SIPP (Self-Invested Personal Pension) account, and then there are a number of ISAs (Individual Savings Accounts), which all …
The Upper East Tennessee Human Development Agency will begin a commodity distribution on April 2 at Realife Church, located at 1317 Weaver Pike. Items will be distributed on a first-come, first-serve basis to income eligible households, according to a news release. Items will be handed out until all commodities are …
Tempe residents were tops in Arizona and 14th nationally for paying down credit-card debt in 2018, according to a new study. The average credit-card debt per Tempe household dropped by $2,347 from 2017 to 2018, …
If you’re worried about the State Pension, you’re not alone. Figures suggest thousands of retirees don’t know how much money they are entitled to in retirement, and many more think that the money they do receive will be inadequate to provide them with the kind of lifestyle they currently enjoy. If this is you, I’m going to outline a …
Not corralling clients who want to beat the market rather than have financial goals. Scott A. Bishop, Executive VP, Financial Planning, STA Wealth Management, Houston, Texas: Clients are inundated with advertisements and media about the financial markets that can color their view of their portfolios, leading them to think they …
The costs associated with specialized training and years of schooling make the financial standing of doctors and dentists profoundly different from other professions. In fact, a TD Bank survey revealed that nearly a quarter of medical professionals said that their student debt made buying a home more difficult.
Some people are much better savers than spenders. That can become a problem. Certified financial planner DeDe Jones recalls clients, retired schoolteachers, who loved to travel but kept putting off the trip to China and Southeast Asia they’d always wanted to take. The ability to delay gratification is important for building wealth.
JOSEPH, MI (March 25, 2019) — United Federal Credit Union (United) is pleased to announce the appointment of Jeff Rice as mortgage advisor at United’s Fletcher branch at 3674 Hendersonville Rd. As a …
A personal loan can be an excellent choice for anyone who needs a small amount of cash to cover a set of expenses over a period of time. But with so many factors involved, some people find approval to be challenging. A personal loan is an unsecured loan that individuals can take out to flexibly cover a variety of …
The complimentary hampers, which include two mugs, tea and coffee and sweet treats, are sent on behalf of brokers to any first-time buyer or home mover who completes a mortgage with Accord. The lender has sent boxes on behalf of more than 8,500 brokers since the initiative began in September 2016. A special edition …
Older homeowners are being encouraged to check their state benefit entitlement as research shows just over half have never done so. Excluding the state pension, 52% of homeowners over the age of 65 have never …
It’s been about a week since federal budget day and I still have questions about some of the things the government announced. For instance, why did they introduce a deferred annuity, which will allow Canadians to put 25% of their RRSP or RRIF into an annuity that must start paying out by 85 at the latest, instead of …
Hyderabad: A call centre (bpo) cheated about 600 people of around Rs 25 crore by offering non-existent loans for a fee. The firms employed 62 persons and reportedly called up 10,000 citizens, according to the cyber crime police who unearthed the racket. All the staff and two kingpins have been arrested.
Vietnamese consumers are carrying less cash as they use credit and debit cards more frequently, a new study says. Vietnamese consumers use card and mobile payments two or three times a week. Vietnamese consumers use card and mobile payments two or three times a week. Vietnamese consumers use card and …