Construction worker laying pavement stones for a new driveway, which was paid using in-house driveway financing

Article Summary: Financing and installing a new driveway or redoing your existing driveway doesn’t come cheap. That said, it does improve your home’s curb appeal and can also increase your home’s market value. The good news is there are plenty of convenient monthly payment options for driveway financing. Personal loans, credit cards, or leveraging the […]

Stacked coins representing increased returns from investments

Article Summary: The first and most important step to becoming a successful investor is the desire to do so and the willingness to put in the work (plus some cash). Successful investors don’t get rich overnight. However, with solid research, a long-term commitment, and an investment strategy that fits your personal finance goals, you too […]

Couple sitting with an investment advisor, deciding what to do with $50k

Article Summary: If you’re wondering what to do with $50k, congratulations. The good news is there are plenty of smart ways to invest $50k. For starters, pay off high-interest debt, open a high-yield savings account for your emergency fund, and top off any contributions to your retirement accounts. After that, the sky’s the limit on […]

Rising stacks of coins representing the amount of equity you could have in your home

Article Summary: To figure out how much equity you have in your home, subtract the amount you owe on your mortgage from the current market value of your home. And because the market value of your home can fluctuate as the market changes, your home equity varies as well. It’s important to know the value […]

Model homes on top of coin stacks, representing the amount of equity you could access with a home equity loan

Article Summary: A home equity loan, also known as a second mortgage, is a way to borrow money using the equity in your home as collateral. You can typically borrow up to 80%, give or take, of the home’s equity. Since the debt is secured by your house, interest rates are also lower than many […]

Blue Lagoon, one of the most popular tourist destinations in Iceland

Article Summary: The best time to visit Iceland for warmer weather conditions, midnight sun, open hiking trails, and whale-watching tours is during the summer holidays of June, July, and August. If you don’t mind just a few hours of daylight, the winter months can also be a fun time to visit Iceland if lounging in […]

Chase account holder looking up on a laptop how to cancel a Chase credit card

Article Summary: You can cancel a Chase credit card online using a secure message portal, call Chase on the phone, or mail a written request. But before you cancel your Chase card or another credit card account, be aware of the negative effects this may have on your credit reports. Also, keep in mind that […]

Series of doctors in different specialties, all earning different salaries

Article Summary: According to a Medscape Physician Compensation Report, the average physician salary for primary care physicians is $260,000 a year, and specialists average about $368,000 annually. But those numbers don’t really give a complete picture of doctors’ salaries. This is because wages can vary a lot based on your particular specialty, the region of […]

Small house models on top of coin stacks, representing the tax credits earned by building tax credit apartments

What Is a Tax Credit Apartment?

Article Summary: A tax credit apartment or property encompasses affordable rental housing for low-income populations. This typically includes apartment buildings or housing projects where owners, developers, or landlords can claim tax credits as long as some or all of the property units are allocated to low-income tenants at reduced rents. This is made possible through […]

Couple speaking with a banker about their best savings account options

Article Summary: Opening savings (or checking) accounts is a pretty straightforward process. The first step is to determine your savings goals. The vehicle in which you choose to save your money will depend on a number of factors, including, but not limited to, what your plans are for the money and how you plan to […]

Woman adding money to a piggy bank, representing a high-yield savings account

Article Summary: A high-yield savings account is simply a regular savings account with a better than average interest rate. In general, online banks tend to offer much better interest rates on high-yield savings accounts than traditional banks and credit unions. This gives customers a better option to store their savings and earn more interest than […]

Couple reviewing financial statements, determining whether they meet tier 1 credit status

Article Summary: Tier 1 credit is a term usually applied to auto loan seekers, and it refers to individuals with the best credit scores. If you’re not considered a tier-one credit applicant, it doesn’t mean you can’t get a car loan. That being said, tier-one credit borrowers will generally be eligible for better interest rates […]

Woman reviewing investment returns from Roth IRA vs. index fund

Article Summary: Roth IRAs and index funds (also known as index mutual funds) are two important tools when planning for your retirement, but that’s about all they have in common. A Roth IRA is a type of individual retirement account, and an index fund is a common type of investment product. Luckily the two are […]

Person calculating which investment would produce better returns than CDs

Summary: Though CDs are a great option for risk-averse investors, they do offer lower returns than most investment vehicles. If you’re looking for a way to earn more from your investments, you may want to consider bonds, dividend-paying stocks, peer-to-peer lending, or real estate investments instead. However, these higher returns also come with higher risks, […]

Investment advisor explaining that market dips are normal to a customer whose 401(k) is losing money

Article Summary: If you notice your 401(k) losing money, it’s important not to panic and withdraw money prematurely. It’s completely normal to see the market decline where you temporarily lose money. But historically the stock market tends to regain its losses over time, so some fluctuations shouldn’t be a major concern. However, if you’re worried […]

Dental assistant in scrubs taking a closer look at a patient's root canal

Article Summary: On average, a root canal procedure will cost roughly between $200 to $1,500. Those estimates depend on many factors, such as whether or not you have dental insurance, the tooth in question, the complexity of the procedure, who performs the root canal treatment, and where you live. No one likes going to the […]

Investor reviewing her potential gains while paper trading

Article Summary: Paper trading is a way to simulate trading on the stock market using real market data with virtual money. It’s a means for budding investors to get a feel for buying and selling securities in the marketplace without losing money. Experienced investors can also benefit from paper trading by trying out new trading […]

Employee calculating a business's net operating assets

Article Summary: Net operating assets (NOA) are often used to calculate the value of a company. A company’s net operating assets can be calculated by subtracting the company’s operating liabilities from its operating assets. Operating assets include items such as inventory, equipment, fixed assets, and accounts receivable. Operating liabilities are debts and other expenses like […]

Person sitting cross legged surrounded by tax documents for CD interest

Article Summary: Before purchasing certificates of deposit (CDs), CD investors should know that paying tax on CD interest earned is required by the Internal Revenue Service (IRS). How much tax, and when, you will have to pay depends on your tax bracket and how you’ve purchased the CD. But typically, if you buy CDs through […]

Figures of an elderly couple standing on top of coin stacks, representing CD interest income

Article Summary: If you’re young to middle-aged, saving for retirement with CDs is probably not your best option. Certificates of deposit are a low-risk investment, but they also typically have low returns. Most people accruing retirement savings need to maximize their investment returns in order to meet their retirement goals. However, there can be a […]