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Brienne Wong

articles from Brienne

5 posts

How Are Mortgage and Auto Loans Similar?

Published 07/21/2023 by Brienne Wong

Mortgages and auto loans are similar in many ways, such as being secured loans, requiring a credit check, having fixed or variable interest rates, and having a set repayment schedule. But mortgages have a more in-depth approval process and longer approval time than auto loans. Auto loan lenders may be more willing to approve loans for individuals with a less-than-perfect credit rating but able to pay more interest.

How Many Life Insurance Policies Can You Have?

Published 07/19/2023 by Brienne Wong

You can have more than one life insurance policy to cover different needs. Planning for significant life events and long-term care are a few reasons to have more than one life insurance policy. You have various options to help you create a strategy that can meet your goals. If you want multiple policies, there are prerequisites to getting another policy and limitations on how many you can have.

Exempt-interest dividends are interest payments from a mutual fund exempted from federal tax. Mutual funds investing in municipal bonds issue tax exempt-interest dividends. Municipal bond investments can benefit high net-worth individuals because they are low risk and provide tax savings. However, these dividends may still be subject to state tax or the alternative minimum tax.

You can withdraw money from PayPal using multiple options. If you link a bank account to your PayPal account, you can withdraw your money using an instant or standard transfer, use a PayPal transaction card, or get a check. Without a bank account, you’re limited to requesting a paper check or applying for the PayPal Cash Card or PayPal Debit Mastercard to withdraw funds from the ATM.

You can withdraw and transfer money from Robinhood to your bank account, but there are some limitations. You can only make five withdrawals per trading day and up to a maximum of $50,000 per day. After you sell your stock, you will need to wait up to three trading days for the trade to settle. You also can’t withdraw funds if your account is restricted.