Personal Finance

Health insurance is a type of protection that covers the insured’s out-of-pocket costs for medical care and procedures. It’s a mutually beneficial agreement between the insurer and the insured, where the insured pays premiums in exchange for the insurer covering their healthcare costs. According to the Current Population Survey Annual Social and Economic Supplement, as …

Dependent vs Beneficiary: Unraveling the Intricacies in Health Insurance Coverage Read More »

As we journey through our working lives, diligently contributing to our retirement savings, the promise of financial security during our golden years becomes more tangible. Retirement plans are essential for ensuring a stable future, yet they come in diverse forms. They fall into two main categories: qualified and non-qualified retirement plans. In this article, we …

What Is A Non Qualified Retirement Plan & How Does It Work? Read More »

Loans have become an integral part of modern life, facilitating significant financial milestones such as homeownership and vehicle acquisition. Two of the most common types of loans are home loans (mortgages) and car loans (auto loans). While these loans serve different purposes – one helps you buy a home, while the other enables you to …

Are Car Loans and Home Loans Similar? How They Affect Each Other Read More »

Insurance acts as a safeguard, supplying financial stability and a sense of assurance for individuals and their families. It functions as a shield against unforeseen circumstances and guarantees the well-being of loved ones during challenging times. However, insurance isn’t a one-size-fits-all solution, and the way you receive your insurance payout can significantly impact your financial …

Fixed Period Settlement Option – What It Is & Is It A Good Option? Read More »

Initiating a Chapter 7 bankruptcy process presents an opportunity for individuals grappling with substantial debts to seek a clean slate. It provides a means to eliminate a majority of unsecured debts and restore financial well-being. However, a common concern for homeowners facing Chapter 7 bankruptcy is the fate of their home equity. Many wonder if …

Is It Possible To Get A Home Equity Loan After Chapter 7? How Much Read More »

Debt is an unavoidable aspect of numerous individuals’ circumstances. Whether it’s credit card debt, medical bills, student loans, or other financial obligations, managing debt can sometimes become a challenge. While most people aim to pay off their debts on time, unforeseen circumstances can lead to delinquencies. When payments are missed and creditors start to lose …

What To Do When You Get A Collections Letter From An Attorney? Read More »

The real estate industry can be very profitable, but it can feel daunting for those without investment capital. In 2022, the National Association of Realtors reported that 5.95 million homes were sold in the U.S., showing a steady increase since 2011 and highlighting a thriving market. However, getting started in this booming field requires more …

How to Buy Foreclosed Homes with No Money – Real Estate Investing Guide Read More »

Working in real estate can be a lucrative and rewarding career for those who are willing to put in the hard work. This industry is complex yet simple for those possessing the right qualifications and innate talent. According to the U.S. Bureau of Labor Statistics, the median annual wage for real estate sales agents was …

Step-by-Step Guide on How to Buy Abandoned Property Read More »