Discusses the advantages and disadvantages of federally-chartered insurance companies in the United States. Impact of federal chartering on the regulation of the insurance industry; Argument against the involvement of the federal government in the property-casualty insurance business.Brostoff...
Pros The minimum deposit needed to open and maintain the account is very low. No monthly service fees apply. Cons Savings account yields are very low. The account does not come with an ATM card. An inactive member fee is assessed quarterly to those who don’t meet minimum balance or ...
These businesses pay corporate tax rates on earnings, while profits distributed to owners are taxed at their individual income tax rates. This is known as double taxation. Sole proprietorships avoid this. Cons of sole proprietorships Personal liability. You aren’t shielded from the business’s ...
Regardless of your marital status, each IDR plan works differently. Your loan servicer can help you choose the plan that’s best for you. But it’s essential you understand the features, pros, and cons of each IDR type. 1. Income-Based Repayment Plan ...
The forgiven debt is generally treated as taxable income, so you may have to pay taxes on it when the time comes. You should speak with a tax advisor for more information regarding the tax consequences of having your debt forgiven. The pros and cons of the income-contingent repayment plan ...
Economic growth should include the “bottom” 99.9%, not just the .1%, the only question being, how best to accomplish that.Modern Monetary Theory (MMT) favors giving everyone a job. Monetary Sovereignty (MS) favors giving everyone money.The five articles describe the pros and con...
Pros No monthly fees on savings account. Competitive rates on some share certificates. Anyone can become a member. Large, free, nationwide ATM network. Participates in shared branching with other credit unions. Cons Expensive overdraft fee. Monthly fees (though they are avoidable). Low rates on ...
Challenge Your Property Tax Assessment Pros and Cons of Prepaid Tuition Plans Rediscover Your Pre-Holiday Budget Save Big on Auto Insurance 5 Minutes or Less Holiday Tipping in a Nutshell Gift Cards Exposed Singing a Holiday Tune or a Debt Dirge?
Economists also caution that taking drastic measures to balance the budget could hurt the economy. A balanced budget would require steep spending cuts and tax increases that could amount to a double body blow to the nation's economy.4And it could have the opposite effect, actually increasing the...
The FHLBanks then pass along that funding advantage to their members—and ultimately to consumers—by providing advances (as their secured loans are called) and other financial services at rates that the member financial institutions generally could not obtain elsewhere. That, in turn, enables these...