Cost of Living: Texas vs California?

July 7, 2024 No Comments

A: Texas and California are two of the largest states in the union, both in terms of population and geography. The cost of living can vary significantly between individual counties or cities within either state. That said, the average Californian faces higher costs of living

Can certificates of deposit (CDs) lose value?

July 7, 2024 No Comments

A: Certificate of deposit (CD) accounts held by consumers of average means are relatively low risk and do not lose value. This is because CD accounts are FDIC insured up to $250,000. However, early withdrawal from a CD account can result in getting less money

Can creditors garnish my IRA?

July 7, 2024 No Comments

A: Depending on the state where you live, your IRA may be garnished by a number of creditors. Unlike 401(k) plans or other qualified retirement savings vehicles, individually established traditional or Roth IRAs are not covered under ERISA. While employer-sponsored retirement plans are 100% protected

Can Direct Consolidation Loans be deferred?

July 7, 2024 No Comments

A: Requests to defer loan payments on federally guaranteed direct consolidation loans are typically granted when those requests are supported by facts such as the debtor’s re-enrollment in school, unemployment, economic hardship or military service. A federal Direct Consolidation Loan, or DCL, allows the borrower

Can Foreigners Open Savings Accounts in the US?

July 7, 2024 No Comments

A: A non-U.S. citizen can open a checking or savings account in the United States, but financial institutions reserve the right to deny his or her application to do so. Business Contract with Non-U.S. Citizen Private businesses in the U.S. have the right to contract

Can I make money advertising on my car, or is it a scam?

July 7, 2024 No Comments

A: Car owners can make extra money advertising companies on their cars, known as “wrapping,” but some solicitations to join such advertising companies are scams. Legitimate advertising companies pay sums that amount to a little extra income per month to drivers to wrap their cars

Can my IRA be garnished for child support?

July 7, 2024 No Comments

A: Though some states protect IRA savings from garnishment of any kind, most states lift this exemption in cases where the account owner owes child support. IRA Protections Unlike 401(k) plans or other qualified retirement savings accounts covered under the Employee Retirement Income Security Act

Advantages and disadvantages to dealing with internet-only banks

July 7, 2024 No Comments

A: In recent years, large companies have set up internet-only banks as a means of diversifying into the financial sector and providing personal banking services. For a company, the greatest advantage of providing internet-only banking services compared to a traditional brick and mortar bank is

What personal items am I allowed to bring with me into the CFA exam testing room?

July 7, 2024 No Comments

A: Aside from the required examination admission ticket, current valid international travel passport, approved calculator, and approved writing instruments, the CFA Institute states that you can also bring: Manual pencil sharpeners Erasers Loose calculator batteries (and a screwdriver for battery replacement if needed) Calculator cases and keystroke cards

What type of work experience can count towards the work experience required to obtain the CFA charter?

July 7, 2024 No Comments

A: CFA Institute provides a work experience self-assessment to help you determine whether or not your experience might qualify you to become a member. You must have spent at least 50% of your time utilizing financial data or supervising or teaching those who utilize financial data for

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