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The good news is you have options. Grants, loans, and other programs help cover some of the costs of repairing your home following a flood. So if you’re wondering what to do if you don’t have flood insurance, let’s look at your options. Check for Any Applicable Coverage First, check your existing insurance policies carefully. Even if you don’t have flood insurance, your current coverage may help indirectly. For example, your comprehensive auto insurance may cover the cost of repairs if the floods damage your vehicle....

Diamonds (DIA) ETF The DIA DIAMONDS Trust, Series 1 ETF follows the price and performance of the Dow Jones Industrial Average (DJIA) Index. An exchange-traded fund (ETF) is an investment that’s comprised of other investments, like stocks. It’s similar to a mutual fund, but ETFs are traded on an exchange. The DIA ETF aims to provide the same returns as the DJIA. By purchasing the DIA ETF, you are essentially buying an investment asset that acts as the DJIA index, but it’s a simpler transaction....

Learn about the process of inheriting a home, including specifics about tax implications, how to handle inheriting property with a mortgage, and more. Getting the Title After Inheriting a Home If you have inherited a home, you need to take a few steps to fully own it. These steps can vary by state. In most cases, an executor or personal representative needs to be appointed by the court. Then, the estate may need to go through the probate process....

Here is what you need to know before you start an IRA rollover. Know the Difference: IRA Distribution vs IRA Rollover If you take your retirement money as a cash distribution, you will have to pay income taxes, and if you are not yet age 59 1/2, your distribution will be subject to a 10% early-withdrawal penalty. If you use an IRA rollover to move your retirement money from your company 401(k) directly to an IRA account, no such taxes will be assessed....

Market Orders Market orders are executed live on the market at the current price. You’re telling the broker that you don’t care about the spread as much as you care about entering the market right now. A market order can be used to open or close a trade at the market price. Limit Orders Limit orders are typically those that are used to exit the market in profit. If you’re going long, the limit order will be above the market price, and if you are going short, the limit order will be below the market price....

You should also consider additional coverage for the coinsurance, copayments, and deductibles that aren’t covered by Original Medicare. This coverage is known as Medicare Supplement Insurance and is often referred to as Medigap coverage. Medicare Has Gaps Medicare coverage gaps are a problem due to an underlying issue. You’ve paid taxes that were fed into the Medicare program through your entire working life. You paid 1.45% of your earnings to Medicare, and your employer threw in another 1....

Generally, the best time to open a Roth IRA is when you’re younger, since you’re more likely to be eligible based on your income. Getting an early start with a Roth IRA also means you have more time to capitalize on the power of compound interest. But there are also other times when opening a Roth retirement account can make sense. How a Roth IRA Works A Roth IRA is an individual retirement account you can open in addition to or within a workplace retirement plan....

Are gas prices going to keep rising? Where will prices peak? When will they go back down? After gas prices spiked to record highs in the wake of Russia’s invasion of Ukraine, everyone—especially those with gas-burning vehicles—wants to know whether prices have hit their peak and when they might retreat. No one knows those answers for sure, but by one measure prices have already turned a corner, at least in the short run: National average gas prices were declining Friday afternoon, according to GasBuddy, a gas price-tracking website, which showed them down 0....

Commodity Market Prices Commodity markets can be volatile, and there may appear to be no rhyme or reason to their movements. Commodity pricing can be unpredictable even for the most experienced traders. However, as a rule, their price movements are a function of supply and demand. When the market shows a lower supply, prices tend to rise. Conversely: higher supplies generally result in lower prices. Corn futures are a prime example of this phenomenon....

All of this can seem fantastic if you bought stocks prior to the decline in interest rates, allowing you to experience the boom all the way to the top. It’s not so great for those without many assets put aside, who want to begin saving, such as young adults who are just out of high school or college. The opposite is also true, however. When interest rates rise, asset prices can decline below what they would normally be worth....

When a company splits its shares in two, the company’s overall value remains the same, but a shareholder will double the number of shares in their portfolio, and those shares will trade at half the previous price. For example, a person who holds one share of a company at $100 per share will now hold two shares at $50 apiece. Shares don’t always split in exactly two—in some cases, companies will perform a 3:1 split or divide shares even further....

If something happens to a partner, there’s a dispute between partners, or there is a change in the partnership, everyone needs to know “what happens if.” A partnership agreement is the best way to assure that the business—and personal—part of the relationship can survive. What is a Partnership Agreement? A partnership agreement is a contractbetween partners in a partnership which sets out the terms and conditions of the relationship between the partners, including:...

While this means you won’t be seeing exactly what the lender sees, it’s still generally a good idea to review your credit report and credit score to gauge how likely you are to be approved or if you should work on your credit more before you apply. However, don’t get your mind set on a specific interest rate or even on guaranteed loan approval based on a credit score you purchased over the internet....

What Is the Home Sale Exclusion? You used to have a one-time option of excluding up to $125,000 in capital gains on the sale of your home, as long as it was your primary residence and you’d reached the age of 55. That changed with the Taxpayer Relief Act (TRA) of 1997. The TRA provides that anyone, regardless of their age, can exclude up to $250,000 in gains on the sale of a home, and a married couple filing jointly can exclude up to $500,000....

Both taxes are often lumped together as “death taxes,” and not every state has death taxes. In fact, only six states charge an inheritance tax. Even if your state has an inheritance tax, you may not have to pay it. Keep reading to learn more. States With an Inheritance Tax The U.S. states that collect an inheritance tax include: IowaKentuckyMarylandNebraskaNew JerseyPennsylvania Each state has its own laws dictating who is exempt from the tax, who will have to pay it, and how much they’ll have to pay....

What is Zoning? Zoning is the process of planning for land use by a locality to allocate certain kinds of structures in certain areas. Zoning codes also include restrictions in different zoning areas, such as height of buildings, use of green space, density (number of structures in a certain area), use of lots, and types of businesses. Zoning codes and permitsregulate land use, protect property values, and remove incompatible uses from residential areas....

Software Features The YNAB software has been laid out in an easy, intuitive format. The scheduled transactions tool collapses unless you want to use it, and accounts used for budgeting, off-budget, and closed accounts collapse on the sidebar. The software shows budget information consolidated at the top of each month, and YNAB has an autosave feature that saves data frequently. You can also restore your budget to previous versions if you make an error....

The Obama administration pushed a $787 billion plan that created jobs. Economic growth finally turned positive by mid-year. Technically, the Great Recession was over. In reality, the damage was so deep that it took years before it felt like things were really getting better. For many who remained unemployed, lost their homes and credit rating, or were forced to take jobs at far lower pay, things only got worse. The timelines of the financial crisis of 2007 and the financial crisis of 2008 reveal how these events came to be and how their early warning signals were missed by the government....

A 401(k) is a great way to save for your retirement, but because you don’t pay income taxes on the money you contribute (you’ll pay when you withdrawal), the IRS limits how much you and your employer can contribute each year. The annual limits may change, depending on inflation. This article explains the limits for tax years 2022 and 2023. Contribution limits are made up of three factors: Salary-deferral contributions are the funds you elect to invest out of your paycheck....

Learn more about American Funds and the top five funds for long-term investors. What Is American Funds? American Funds is a division of Capital Group, one of the largest investment management groups in the world with more than $2 trillion in assets under management. It offers a healthy variety of equity and bond funds that strive for different goals and purposes. The Top 5 American Funds for Long-Term Investors Some of the best qualities of American funds include the following:...