Repos are popular because they are easy and safe. Financial institutions such as banks, securities dealers, and hedge funds don’t like to have large amounts of cash on hand. They prefer to put all their money to work. When they need cash in a hurry, they can turn to the repo market. Money market funds, on the other hand, have lots of cash. They are happy to lend funds overnight to the financial institution for a small fee....
It serves as a record of your last day and other relevant information. Providing those details on paper will help you avoid unnecessary miscommunications. Leave the Company With a Good Impression Writing a polite, professional resignation letter helps to leave a lasting positive impression on your manager and the human resources department. That’s important, since you never know which other people they’ll know in your industry. And, you’ll be glad you left a good impression if you need to request a reference from your manager or the company years later....
In fact, when employees resign for personal reasons, that is often simply what the resignation letter states. Employees do not want their personal business known and recognize that the employment resignation letter is a permanent addition to their personnel file. The resigning employee might also share the information with Human Resources staff but state that the only documentation of their resignation that they want is their resignation letter in their personnel file....
The Berkshire Hathaway chairman and his vice chairman, Charlie Munger—both of whom are in their 90s—just “insulted a new generation,” wrote Jacqueline Ortiz Ramsay, head of public policy communications at Robinhood, in a blog post Monday. “If the last year has taught us anything, it is that people are tired of the Warren Buffetts and Charlie Mungers of the world acting like they are the only oracles of investing,” Ramsay wrote....
The avoidance of this penalty is often confused with the avoidance of income taxes, but these are two separate issues. These withdrawals will not avoid normal income tax on funds that were previously untaxed. Who Is the Ideal IRA or Roth IRA Investor? Investing for college in a Roth or Traditional IRA should be evaluated when a number of the following conditions are present: A parent is sophisticated in their understanding and knowledge of tax rules....
Here are tips on how to ask for a reference or for a written letter of recommendation, as well as sample letters that you can use as a guideline while writing your own reference request. Who to Ask for a Reference Who you ask for a reference will depend upon what level of your career you’re at—and also whether an employer has requested professional references from work associates, or personal references (sometimes called “character references”) from those who can attest to your integrity, attitude, and work ethic....
What’s the Difference Between Secured Loans and Unsecured Loans? Even though lenders repossess property for defaulted secured loans, you could still end up owing money on the loan if you default. When lenders repossess property, they sell it and use the proceeds to pay off the loan. If the property doesn’t sell for enough money to cover the loan completely, you will be responsible for paying the difference. The same isn’t true for an unsecured loan, which is not tied to any of your assets, and the lender can’t automatically seize your property as payment for the loan....
What Are Insurance Agents and Brokers? Insurance agents and brokers serve as intermediaries between your business and insurance companies. They are licensed by state insurance departments. While licensing requirements vary, an agent or broker typically needs a property/casualty license to sell business insurance. While agents and brokers perform similar functions, they have somewhat different obligations. Insurance agents have duties to both their clients and the insurance companies they represent. Contracts between agencies and insurers allow agents to bind certain types of policies....
However, splitting up costs by raw dollars—such as splitting a $100 item into $50 increments each—isn’t a sustainable solution if the two people have wildly different salaries. If one partner is making $200,000 a year, while the other is making $20,000 a year, it might be tough to ask each partner to share in the cost of the mortgage. This can cause tension in relationships when income inequity occurs, but it doesn’t have to....
Pool Construction Costs According to estimates published in 2022 by home improvement website HomeAdvisor, the typical cost of an in-ground pool ranges from $38,370 to $72,433, or an average of $55,188. Among other things, the cost depends on your location, the building materials, the size, and the pool’s amenities (such as slides and water features). From design through construction, it can take roughly six to 12 weeks to build an in-ground pool....
The actual amount you pay for a move depends on several factors, including: How far you’re movingHow much you have to moveWhether you’re hiring professional movers or taking the DIY option insteadWhether you need to put any of your things in storage temporarily Your total moving budget for a local move might include renting a truck, paying movers (or your buddies to pitch in and help), buying boxes and packing supplies, and paying temporary storage fees....
It can be beneficial for everyone involved to have an exclusive contract with a real estate agent in place, particularly if you use these tips to negotiate the terms to your best advantage. You can put your expectations and the understanding between you in black and white. Why Agents Want an Exclusive Buyer Agreement An agent typically works with a buyer for a few weeks to several months, and sometimes even longer....
What Does H&R Block Offer? H&R Block states that its tax professionals have access to its Tax Institute, which is staffed primarily by certified public accountants (CPAs), enrolled agents, tax attorneys, and former IRS agents. This is a good thing—there’s lots of experience there. However, this may raise a question for you: What’s the expertise of the individual who will be preparing your tax return? When and why should this person reach out to the professionals who are manning the Tax Institute?...
As a business owner intent on growing your business, you must consistently review your rates, products, and services, as well as the competition to determine whether or not your business can benefit from a rate increase. So how do you know if it is time to raise your rates? There are a lot of factors that can impact the decision of whether or not to increase your prices. Here are six signs that it may be time for an increase....
But there are some restrictions that might prevent you from opening a CD account, like not being of legal age or not having a bank account. We’ll look at some of the most common restrictions that apply to this type of savings account and also discuss what options you have if one of them applies to you. Reasons You Might Not Be Able To Open a CD Account You’re Not of Legal Age One of the most common restrictions on certificates of deposit is your age....
In some cases, expenses might need to be amortized or depreciated (deducted over a period of several years) if they are startup costs, or if they are related to the purchase of business equipment. Here is a list of common business tax expenses that you can deduct, including deductions that were brought about by the Tax Cuts and Jobs Act (TCJA), and have been in effect since the 2018 business tax year....
As you go down the list, you will notice that driving without insurance is against the law in almost every state. Make sure you have met the minimum requirements in your state before you drive. What Is Minimum Car Insurance? If you own a car, you will need car insurance that meets the laws in your state. Each state is different, which is why it is vital to confirm the laws where you live....
If you have Federal Family Education Loans (FFEL) or Perkins loans held by private lenders, you can no longer qualify for $10,000 in loan forgiveness (or $20,000 if you received a Pell grant) by consolidating your loans to federal direct loans, according to guidance published Thursday on the Federal Student Aid website. Up until Thursday, the Federal Student Aid website had advised students with privately-held FFEL and Perkins loans that they could in fact become eligible for forgiveness by consolidating....
What’s in a Name? The term “tenant improvement,” or “TI” for short, is often used by commercial real estate agents and brokers. But in accounting, it’s usually known as a “leasehold improvement,” while it’s called “build-out” in construction. Regardless of what you call it, this refers to an enhancement of a leased space. What Are Tenant Improvements? Leasehold improvements, otherwise known as tenant improvements or build-outs, are structural changes made to a leased space to make it suitable for a new tenant....
The better you understand and target your market, the more effectively you can spend time and money to reach it. Focusing on the 5 Ps will also help you figure out what’s working and what’s not working when it comes to marketing your business. Product What products or services do you provide? Be specific. What are the physical attributes of the product or the details of the services you provide?...
