Category: Finance
What are Corporate Bonds?
Bonds are a debt obligation no matter if it’s a corporate bond or a government bond. Corporate bonds are issued when businesses are raising money, outside of the equity market. The money raised can be used for mergers and acquisitions, research and development, or anything else. When buying a corporate bond, typically a company will…
Roth IRA vs Traditional IRA: Understanding the Differences
Roth IRA vs traditional IRA are two of the most common comparisions with these two being the most popular for individual retirement accounts. Both accounts have tax advantages but fit into different goals and strategies. Neither of these are perfect for everybody. Comparing Roth vs Traditional IRA will allow you to see a side by…
T-Bills Vs. T-Notes Vs. T-Bonds
Treasury Bills Treasury bills (also known as T-bills) is a short term loan to the federal government. The loan duration is less than 12 months. These have lower rewards and lower risk than other investment options typically. The interest rates are fixed to the rate that is offered for the duration. At the end of…
What is a Certificate of Deposit (CD)?
Certificate of deposit is an account where you are guaranteed a rate of deposit for a set time, usually three months to five years. At the end of the duration the funds will rollover into a new CD depending on the terms and conditions. You can adjust if the funds will be rolled over or…
What is a High-Yield Savings Account?
A high-yield savings account is a savings account that pays at a higher interest rate than a traditional savings account. Financial institutions and online banks are most companies that offer these. This is an opportunity for your money to grow, while being an FDIC insured account, per insured bank. Today the rates can range from…
State Income Tax Rates 2023
Although every state charges taxes, the factor that may change is how. The state income tax rate changes from state to state, from 0% upto 13.3%. When moving from state to state or city to city reviewing the difference in taxes may allow you to make living adjustments before its too late. State Income Tax…
