Money is an important topic for practically everyone so there is a lot of financial advice. If you are new to personal finance, separating the bad from the good can be difficult. Personal Finance for Dummies is one book that offers a solution. For this article, we’ve put together a review of this book to see just […]

This article aims to provide you with answers to the question “What is a Roth 401k?”, and indicate its advantages and disadvantages. So, how does a Roth 401k plan work? A Roth 401k provides you with a way to save for retirement. Since the taxes are applied against the contributions, and not the withdrawals, your money […]

An illustration well answers the question, what is a collateral loan? Imagine you are in a tricky situation, and you badly need financial assistance. Your immediate family members or friends are the first people to contact. But, what if you need more cash than your friends or family can afford to raise? The solution would […]

When buying anything from a car to a house, you might choose a loan with a balloon payment at the end of the finance term. But, before entering such agreement, be sure you can answer the following question: What is a balloon payment? Simply put, a balloon payment is a massive, single payment that is […]

So, what is a revocable trust? A revocable trust is a legal entity that is created to hold assets. The revocable trust could act as a self-defense tool to direct the use of assets should the creator of the trust become incapacitated. Parents can also use revocable trusts to hold assets for the benefit of […]

Annuity payments are a popular source of retirement income, but the topic is polarizing among the financial community. Some observers see annuities as an important and useful income source. Others see them as expensive and complicated instruments that don’t being much value to clients. So, what is an annuity payment, and how do annuity payments […]