My friend’s words hit me hard, “I never thought I’d need insurance, until the unexpected happened.” Her story of financial trouble and the emotional pain it caused her family was heartbreaking. It made me see how crucial insurance is – it’s not just a safety net, but a way to safeguard our lives. Insurance is … Read more
Choosing the right health insurance plan is key to protecting your health and well-being. Australia has many health insurance options, each with its own benefits and coverage. This guide will look at the top 10 health insurance plans in Australia. We’ll help you pick a plan that fits your needs and budget. Are you looking … Read more
Key Takeaways Tax-loss harvesting involves offsetting capital gains with capital losses so that little or no capital gains tax comes due. Investors might intentionally sell some securities at a loss to achieve this when they have significant gains. Losses can offset regular income by up to $3,000 when they exceed gains. Any losses over the … Read more
Definition and Example of Actual Cash Value Actual cash value (ACV) is how an insurance company measures a property’s worth at a given moment in time. It accounts for depreciation. You may come across the term if you make a car insurance claim, or a claim on your homeowner’s policy. Some policies use replacement cost … Read more
If you’ve ever read a report from an investment analyst, you may have seen stocks described as “overweight.” It can be a confusing term. Most people are used to seeing more simple “buy” or “sell” ratings. If an analyst rates a stock as “overweight,” they think that the stock will perform well in the future. … Read more
Key Takeaways A stock quote shows the current price of a stock based on recent activity on its exchange. It also includes a wide range of additional information to help investors judge a stock’s profit potential. Depending on where you are getting your stock quotes, prices could be delayed, which could affect your trades. Definition … Read more
Key Takeaways Fungible investments can be bought and sold on different exchanges. Fungible trading works when you can buy/sell on one exchange, and sell/buy on another exchange, netting your share position to zero and earning a profit. Opportunities to profit from price differences are known as arbitrage, and they come and go quickly as the … Read more
Key Takeaways Elder law is a field of law that focuses on legal issues that affect older individuals. Major areas of elder law include disability and special-needs planning, long-term care planning, estate planning and settlement, guardianship or conservatorship, and elder abuse. Elder law attorneys can be found through the NAELA. Definition and Example Elder Law … Read more
A home equity loan, or second mortgage, allows you to withdraw the equity you’ve built up in your home so you can use the cash to make repairs to your home, pay for college tuition, or consolidate your debt, for example. You repay the money over time through a series of regular payments. Home equity … Read more
Key Takeaways A higher unrecaptured Section 1250 tax rate applies to long-term capital gains for which a taxpayer has previously claimed depreciation. The IRC requires that claimed depreciation must be factored back in to arrive at an adjusted cost basis for calculating the amount of a capital gain. The Section 1250 rate is usually 20%, … Read more