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, …
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, …
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 …
Highlights More than 10 years of experience as a journalist covering topics like personal finance, parents, and mental health Former marketing and communications professional at a real estate company Host of local workshops discussing financial …
Highlights Has more than 20 years of experience as a business writer and editor, covering everything form the business of media to high-level economics Former editor in charge of technology, media, and telecom at Thomson …
Key Takeaways Series HH savings bonds were a type of Treasury bond that directly deposited interest payments into an investor’s account. These bonds matured after 20 years and paid interest every six months, but investors …
A leveraged exchange-traded fund (ETF) is a type of financial product designed to track an underlying index at higher rates of return. It can offer returns as high as 2-3 times the returns of a …
Key Takeaways Title insurance can protect both buyers and lenders from financial losses that may occur after a home sale. Lenders require borrowers to purchase title insurance to help protect their investment. A homebuyer must …
Definition and Examples of High-Value Home Insurance High-value home insurance is a type of homeowners insurance that is designed for homes with high market value. A high-value home is defined as property worth $750,000 or …
Key Takeaways Loan/lease payoff insurance will pay up to 25% of your vehicle’s current cash value after your insurance company has paid you if the vehicle is stolen or totaled. Your insurer must declare the …