How will bankruptcy affect my ability to get credit in the future?

June 30, 2024 No Comments

A: Bankruptcy can impact your credit score more severely than any other single financial event. While not all bankruptcies actually cause a big credit drop (in fact, it is possible your credit score could rise following a bankruptcy), any negative effect makes it more challenging

How will bankruptcy affect my ability to get credit in the future?

July 7, 2024 No Comments

If a LEAP option is purchased and held for more than 12 months, is the tax treatment long term?

June 30, 2024 No Comments

A: A LEAP (long-term equity anticipation security) is a call or put option that allows the holder to buy or sell shares of stock at a set strike price. Expiration dates on LEAPs can range from nine months to three years, which is longer than the holding

If a LEAP option is purchased and held for more than 12 months, is the tax treatment long term?

July 7, 2024 No Comments

In what types of economies are regressive taxes common?

June 30, 2024 No Comments

A: Regressive taxation systems are more likely to be found in developing countries or emerging market economies than in the economies of developed countries. The predominance of regressive taxation in less-developed countries is mainly due to the fact that regressive tax systems are generally simpler

In what types of economies are regressive taxes common?

July 7, 2024 No Comments

Using QDRO money from a divorce to pay for a new home

June 30, 2024 No Comments

A: There are several issues to consider: The early distribution penalty: Assets distributed from a qualified plan in accordance with a qualified domestic relations order (QDRO) are exempted from the usual 10% early-withdrawal penalty. So if you are under age 59½ and want to use any

Using QDRO money from a divorce to pay for a new home

July 7, 2024 No Comments

What are examples of products and companies that rely on protective tariffs to survive?

June 30, 2024 No Comments

A: Examples of U.S. products that rely on protective tariffs to survive include paper clips, canned tuna, tobacco and sneakers. Paper Clips A single paper clip manufactured and sold in the United States retails for less than a penny. Most paper clips sold in the

What are examples of products and companies that rely on protective tariffs to survive?

July 7, 2024 No Comments

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