Finance Archives - Page 6 of 22

Sep62020 by Paul LinusNo Comments

Flat Tax vs FairTax

Finance

The Flat Tax and FairTax are thought of by many civic-minded people. The Flat Tax will tax all income above $25,000 for singles and $30,000 for families of four or more at a rate of 15%. This rate would also apply to corporations. The FairTax has a flat rate as well, but it does not apply to income. The FairTax proposes to levy a 23% inclusive tax on all goods and services, meaning that a cart of groceries today costing $77 before tax will cost $100 with the FairTax. Corporations would pay the same taxes as everyone else, just as the rich would. With both of these tax plans appearing to have so many similarities, it is important to note some differences. The Flat Tax Taxes Income While the FairTax Taxes Consumption To clarify the biggest difference between these two plans, it...

Sep32020 by Paul LinusNo Comments

How to develop business strategies for success

Finance

Business strategy development starts with a look at the existing situation of the business by answering questions like: Do the businesses in the existing portfolio constitute a good fit? Does the company have any competitive strengths? What approach is best for exploiting opportunities in tomorrow's world? Strategy Development for Big Businesses Big businesses formulate strategies at different levels. Corporate Strategy: The CEO and top management work at developing: A Vision Statement outlining the likely scenario in tomorrow's world A Mission Statement setting down the role the business wants to play in that world A statement of objectives translating that role into specific goals in terms of business portfolios and business results A strategy report specifying th...

Aug272020 by Paul Linus1 Comment

Money market deposit account and saving for house

Finance

Money Market Deposit Account A money market deposit account, also known by the acronym “MMDA,” is a type of savings account offered by banks and other financial institutions. Although federally insured, it differs from traditional savings accounts by providing a higher rate of interest. Unlike other types of insured, high-interest accounts, money placed in a money market account is available to the account holder at any time instead of being held for a committed time period. What are the Benefits of a Money Market Deposit Account? In addition to being federally insured and providing higher interest rates, a money market deposit account also has several other benefits. Immediate investment opportunities – When using a money market account, investments can be made immediately...

Aug132020 by Paul LinusNo Comments

Retirement plan advisors suggests paying off mortgage before retirement

Finance

Retirement plan advisors - While retiring completely debt-free is an optimum goal for better finance, many Americans will enter retirement with a mortgage note draining their nest eggs. According to one of the retirement plan advisors, Jonathan Clements, in his September 20, 2007, Wall Street Journal article “Retiring With A Mortgage? Here’s What to Do,” more than 32% of households in the 65 to 74 age bracket had a mortgage on their primary residence. This is a considerable increase from 1992 when the percentage of mortgage holders among this group was just 19%. Making Extra Mortgage Payments for Better Finance The recent recession of COVID-19 pandemic and the loss of value among investment assets means that fewer retirees will have the assets they anticipated would be available ...

Aug22020 by Paul LinusNo Comments

About trading gold futures options vs. contracts

Finance

Gold futures options are a form of investing in gold. With gold futures trading, an investor trades gold futures contracts or gold futures options as commodities. Ever since the first gold futures contract was offered by the Winnipeg Commodity Exchange in 1972, futures trading has played a role in the gold market. The very first exchange-mediated gold futures options, which are options to buy or sell futures contracts, were offered in 1982 by COMEX. Gold futures are traded at two primary global exchanges: Commodity Exchange, Inc (COMEX) in New York, and the Tokyo Commodity Exchange (TOCOM) in Tokyo. How Gold Futures Options Work With gold futures contracts, investors contract to buy or sell gold at a certain quantity for a specific, pre-set price at a planned future date. Gold fu...

Jul312020 by Paul LinusNo Comments

What are Guaranteed Acceptance Credit Cards

Finance

Acceptance Credit Cards are like any other but they come without the same application criteria. A card issuer that markets a guaranteed card generally offers pre-approval for acceptance. This may be useful for people that would otherwise find it hard to take out a card or for those that would prefer not to have to go through a credit checking process such as those with bad credit or no credit. What Types of Credit Cards Come Pre Approved? Actual products on offer in this sector depend on the individual card issuers. Some give out their guaranteed acceptance offers for: Standard unsecured credit cards. Secured card products. Prepaid cards. Some card issuers offer a single type of pre approved product; others may offer a few different types. Why do People Use Guaranteed ...