For the most part, a 457(b) plan works just like your 401(k) or 403(b). It's an “extra” retirement account. You put money in and then select which investments in the plan to invest the money into. Once you finish working, you take the money out and use it for your expenses....
Lottery winners are more likely to declare bankruptcy in three to five years than the average American,according to CNBC. While it certainly doesn’t make sense as to why someone who has just won potentially hundreds of millions of dollars would declare bankruptcy just a few short years later,...
At the end of the term, (you hope) they pay you back the money you lent out. If they don’t repay you, you have a variety of ways to try to collect but none of them are very good. The best alternative is to haul the borrower into bankruptcy court but don’t hold your breath....
Lastly I fear for the safety of my fellow Americans. I know there are many who have had about enough and are damn near ready to snap. Imagine what will happen when you force people to have a vaccine or lose their job. For any number of reasons some/many people will not be vaccinated...
He could end up in a situation where he has negative equity in both the investment property and his home. That’s not just a bad investment – that’s a certified nightmare! It could even lead him into bankruptcy court, or foreclosures on two properties – the primary residence and the ...