An investment adviser is an individual or firm that provides professional guidance and recommendations to clients regarding investments and securities. Investment advisers can be hired by individuals or institutions to provide advice on a fee-only basis, or they may receive commissions from the sale of securities. The term “investment adviser” is regulated by the Investment … Read more
An absentee landlord is a landlord who does not live on the property that they own. absentee landlords are often out-of-state or out-of-country investors who own rental property but do not manage it themselves. Instead, they hire a property management company to take care of their investment. There are a number of reasons why someone … Read more
Eviction is the legal process by which a landlord can remove a tenant from a rental property. The eviction process can be initiated for a variety of reasons, including non-payment of rent, damage to the property, or violating the terms of the lease agreement. Once the eviction process is started, it can take several weeks … Read more
An in-service withdrawal is a type of withdrawal that allows you to access the money in your 401(k) account while you are still employed. This is different from a hardship withdrawal, which allows you to access the money in your 401(k) account if you are facing a financial hardship. In order to make an in-service … Read more
A 401(k) plan is a retirement savings plan sponsored by an employer. It lets workers save and invest a portion of their paycheck before taxes are deducted. Taxes are not due on the money until it is withdrawn from the account. A 401(k) plan usually offers a selection of investment options, such as stocks, bonds, … Read more
What are defined contribution plans? How do defined contribution plans work? What is the defined contribution limit for 2022? The defined contribution limit for 2022 is $19,500. Are defined contribution plans tax-deductible? Yes, defined contribution plans are tax-deductible. This is because the contributions that are made to the plan are made with after-tax dollars. What … Read more
A double gold ETF is an exchange-traded fund that invests in gold-related assets, such as gold mining companies, gold futures, and gold ETFs. The fund is designed to provide investors with exposure to gold, while also allowing them to participate in the upside potential of the gold mining sector. Double gold ETFs are typically more … Read more
A Gold Certificate is a certificate of ownership that gold owners use to establish proof of their ownership of gold. The certificate specifies the amount of gold that is owned and is backed by the issuing institution, typically a bank or government. How do I sell my gold certificate? To sell your gold certificate, you … Read more
The mill rate is the amount of property tax that is levied for each $1,000 of assessed value. The mill rate is calculated by dividing the total amount of taxes to be levied by the total assessed value of all property in the municipality. For example, if the total amount of taxes to be levied … Read more
A mill levy is a tax on property that is based on the value of the property. The mill levy is calculated by multiplying the assessed value of the property by the mill levy rate. The mill levy rate is expressed in mills. One mill is equal to one-tenth of one cent, or $0.001. The … Read more
