If you’re a student who loves science, is intrigued by the study of living things, and doesn’t mind investing in graduate school, a biology degree might be the perfect choice to launch you on your career path. Are you wondering what some of the career options are for a biology major? Read this list of common career choices for biology majors—plus, a description of the skills you’ll gain during your studies....
Two Examples of Interest Received and Interest Paid When you open a savings account at a bank, the bank pays you to keep your money on deposit at their bank. Interest is the payment you receive from the bank.When you take out a mortgage to purchase a house, you pay interest to the bank for the use of the money borrowed for the purchase of your home. Simple vs. Compound Interest Calculation There are two ways in which the interest on a savings account or a loan is calculated....
Here are some qualities of index funds you’ll want to look at before buying: Analyze the Tracking Error The tracking error is a measure of an index fund’s effectiveness in replicating or matching the performance of the benchmark index, which in this case is the S&P 500. One drawback of researching and analyzing this is that mutual fund families do not publicly display the tracking error of their index funds....
Why? It’s harder to find stuff, whether it’s an airline flight, cat food, or affordable homes for sale. Supply shortages, shipping delays, and COVID-19-induced worker shortages are all taking a toll. And the turmoil is finally hitting the high-flying stock market, which had its worst week since the pandemic hit as it braced itself for the first increases in benchmark interest rate in years. But what about what’s not on your radar, especially if you’ve been busy figuring out how to stretch your budget or protect your 401(k)?...
529 plans offer tax-advantaged ways to save money, because investments made in these accounts grow tax-free and all withdrawals used for qualified higher education expenses are exempt from federal income tax. New York is one of 34 states and the District of Columbia that offer residents a tax deduction or tax credit for 529 plan contributions. Two 529 Savings Plan Options The more you can save through a 529 plan, the less stress you’ll have when it’s time to apply for financial aid or search for scholarships....
Eight weeks from the program’s Sept. 30 expiration, the pause on student loan payments, interest, and default loan collections has been extended until Jan. 31, 2022, the Education Department announced Friday. This is the final time it will extend the pause, the department said, adding that the definitive end date will allow borrowers to better plan for the resumption of payments. About 26 million borrowers have not had to make payments on their federal student loans thanks to the relief program, according to department data, with interest waived for approximately 41 million....
Many such programs are administered at the state, county, and local levels, so the specific terms and requirements can vary, depending on where you live. If you qualify, there are a lot of benefits of using a first-time homebuyer program—but there are some drawbacks you should consider as well. Pros and Cons of First-Time Homebuyer Loans Pros Explained Low down payments: First-time homebuyer programs usually come with much lower down-payment requirements....
pixelfit / Getty Images Learn more about prospects to tune up your selling process and improve your customer relationship management. What Are Prospects? Companies deem potential customers as prospects once they’ve been qualified as possessing predetermined characteristics. In most cases, a prospect fits your target market, has the means to buy your products or services, and is authorized to make buying decisions. Prospects don’t have to have indicated an interest in buying; they just need to meet the mentioned criteria....
The Advantages of Qualifying Widow(er) Status The qualifying widow(er) status offers two important benefits: The standard deduction amount is the same as that for married couples who file jointly, and as of 2021, the tax brackets are exactly the same as for married couples who file jointly as well. The standard deduction is the most significant available under the tax code—it is $25,100 in the 2021 tax year, which is the tax return filed in 2022....
The credit can be paid in advance directly to your insurer to defray the cost of your premiums, or you can pay the premiums yourself and then collect the refund at tax time. The amount you’re entitled to can be something of a guessing game if you choose the advance-payment option, however, so you must “reconcile” your payments at tax time. Reconciling Your Payments on Form 8962 If you choose to receive premium tax credit advance payments, you must complete and submit Form 8962 at tax time to determine whether the payments made to your insurer were too little, too much, or exactly what you were entitled to receive....
Rent Before the Foreclosure Hits Your Credit Depending on how foreclosure works in your state, the actual foreclosure may not show up on your credit report for a few weeks. If you apply for an apartment before the foreclosure is updated on your credit report, you have a better chance of getting approved. (Late payments leading up to your foreclosure will probably still show on your credit report.) Timing it is tough since most people don’t realize foreclosure is inevitable until it’s happening....
Overall, the average 401(k) contribution rate edged up to 9.1% of the worker’s salary in the final quarter of last year from 8.9% for the same period in 2019 and 9% from the previous quarter, Fidelity Investments’ latest quarterly analysis of retirement savings trends showed on Thursday. The analysis was based on more than 30 million total retirement participants as of Dec. 31. The average defined contribution plan total saving rates, including both employee and employer contributions, increased to 13....
Below, we’ll define return on equity and show how ROE is calculated, and how it can be used to evaluate the profitability of a company. Definition and Example of Return on Equity One of the most effective profitability metrics for investors is a company’s return on equity (ROE). ROE shows how much profit a company generates from its shareholders’ equity. Net Income The profit of a company is called “net income,” which is the revenue remaining after all expenses have been deducted....
What’s the Difference Between a Roth IRA and Savings Account? A savings account offers easily accessible safekeeping for your rainy-day funds, and deposits are federally insured at most banks or credit unions. You can also stash money for any short-term financial goal, such as a down payment for a house, new furniture, or a home improvement project. Contribution Limits Each year, the IRS sets certain contribution limits for Roth IRAs. For example, for tax year 2022, you can contribute up to $6,000, or $7,000 if you’re 50 or older and closer to retirement....
S&P stands for Standard and Poor, the names of the two founding financial companies. It was officially introduced on March 4, 1957 by Standard & Poor. McGraw-Hill acquired it in 1966. The S&P Dow Jones Indices owns it as of 2022 and that’s a joint venture between S&P Global (formerly) McGraw Hill Financial, CME Group, and News Corp, the owner of Dow Jones. The S&P 500 had an average 10-year annual return of 13....
Customers trust Safeco Insurance for many reasons. It has the strong financial security backing of the Liberty Mutual Group (one of the Fortune top 100 largest U.S. corporations) with an “A Excellent” rating from AM Best insurance rating organization. The company offers a comprehensive line of insurance products, including: AutoHomeownersRentersCondoBoat/WatercraftClassic carMotorcycleRecreational vehicleUmbrellaLandlord protectionCommercial In addition to the comprehensive lines of personal insurance products, Safeco Insurance also offers its insurance customers access to its mobile insurance application making access to policy information quick and easy....
Save Money on New Car Purchases Other than buying a house, new car purchases are some of the largest single transactions most people do on their own. Unfortunately, they are also some of the deals that are most often not made in the buyer’s best interest. Before buying a new car, start by learning about the 5 biggest mistakes to avoid when buying a car. Once you’ve familiarized yourself with those common car-buying mistakes, check out these opportunities to save some money on the purchase:...
A savings account refers to an account that accrues interest and is offered by most banks and credit unions. A money market account (MMA) works in a similar way but includes additional features or terms as set by the bank or financial institution. While they function similarly, there are differences in the ways they are structured, their features and capabilities, and how they accrue interest. What’s the Difference Between Savings Accounts and Money Market Accounts?...
Homebuyers and bank employees can have a hard time understanding the closing statements with credits—especially a short sale bank, which needs to approve the closing statement. The complexity of the form has led many escrow officers to take it upon themselves to supply a net worksheet so all of the parties involved in the transaction can figure out what’s going on. Miscategorized Credits Although in many parts of the country, certain closing cost fees are typically paid for by the seller, it is customary in some areas to split these fees....
Learn more about selling and how it works. What Is Selling? At its essence, selling is handing over something of value in exchange for money or another item of value. But to get to the point where someone is willing to part with their money to obtain an item or service often requires persuasion. Not all sales transactions are equal. There is a huge difference between buying gas for your car and buying a car....
