What effect will a prenuptial agreement have on a 401(k)?

June 30, 2024 No Comments

A: Courts have ruled that a prenuptial agreement for qualified plan (including 401(k)) assets is invalid. The logic is that only a spouse can give up the rights to spousal benefits. When someone signs a prenuptial agreement, that person is not considered a spouse at

What effect will a prenuptial agreement have on a 401(k)?

July 7, 2024 No Comments

What happens when my bank account is debited?

June 30, 2024 No Comments

A: When your bank account is debited, it means money is taken out of the account. The opposite of a debit is a credit, in which case money is added to your account. Typically, your account is debited when you use a debit card, which,

What happens when my bank account is debited?

July 7, 2024 No Comments

What Is a Ginnie Mae Security?

June 30, 2024 No Comments

A: Ginnie Mae (or Government National Mortgage Association) allows mortgage lenders to obtain a better price for their loans in the capital markets. This allows lenders the flexibility to use the proceeds to make new mortgage loans available to additional borrowers. How Ginnie Mae Securities Work A

What Is a Ginnie Mae Security?

July 7, 2024 No Comments

What is a reasonable amount of debt?

June 30, 2024 No Comments

A: It really depends on numerous factors – what stage of life you are at, your spending and saving habits, the stability of your job and your career prospects, your financial obligations and so on. But to keep it simple, let’s assume that you have stable

What is a reasonable amount of debt?

July 7, 2024 No Comments

What is the banking sector?

June 30, 2024 No Comments

A: The banking sector is the section of the economy devoted to the holding of financial assets for others, investing those financial assets as leverage to create more wealth and the regulation of those activities by government agencies. Holding of Financial Assets This is the core

What is the banking sector?

July 7, 2024 No Comments

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