What Is a Pension Fund? A pension, or defined benefit plan, is a retirement fund in which the company makes contributions during the work life of the employee. Upon retirement, employees receive a guaranteed payment that is typically based on a percentage of their average salary and th...
What is a tax refund loan?Question:What is a tax refund loan?Refund Anticipation:When determining taxes, people anticipate tax refunds, the amount of money the Internal Revenue Service (IRS) will return to them because of overpayment throughout the year. When people are planning to use their ...
Independent contractors and others who receive income from sources other than an employer can expect to receive a 1099 instead of a W-2. So, what is a 1099, and how do you use it to file your taxes? Here's everything you need to know about Form 1099, inc
correspondent lenders and other types of mortgage providers is largely a behind-the-scenes one. Still, it can have an impact on your loan options. Read on to learn all about the practice of correspondent lending, and to see if a correspondent lender is the best source of a mortgage for ...
Benefits of the VA renovation loan “While traditional VA home loans simply finance the purchase or general refinancing of a home, a VA renovation loan has broader applicability,” saysWayne Brown, former Captain for the United States Air Force and director of business development at Pensioned Ame...
Looking for a tax-smart way to save for your future? Find out what an IRA is, what it offers, and how the three main types differ
A person’s tax situation can depend on factors like their marital status and income level but there are many other things that can influence it. Maryalene LaPonsieJan. 30, 2025 Inflation Is Impacting Americans As the cost of goods and services increases, consumers change their financial habits...
Organise your finances by setting up a standing order. Find out what a standing order is and how it differs from a Direct Debit in this guide.
There is typically alead bankorunderwriterwith a syndicated loan. This institution is known as the arranger, the agent, or the lead lender. The lead bank may put up a proportionally bigger share of the loan, or it may perform duties such as dispersing cash flows among the other syndicate m...
A recourse loan is a type of loan that can help a lender recoup its investment if a borrower fails to pay and the value of theunderlying assetis not enough to cover it. A recourse loan is a form of secured financing. It lets the lender go after the debtor's other assets that were ...