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To help you decide if Litecoin is right for your cryptocurrency portfolio or trading strategy, here’s a look at the history of Litecoin, how it works, and how to buy it. What Is Litecoin? Litecoin launched in 2011 as a decentralized currency by a former Google employee named Charlie Lee. Litecoin is community supported by volunteers who work to update the open-source code that runs the Litecoin network. Just like Bitcoin, Litecoin uses blockchain technology that makes transactions secure....

But things get tricky when lenders are involved. A loss payee must be added to an insurance policy anytime you use collateral to secure the loan—like when you have a car, motorcycle, or home loan. In the standard lender agreement, you must agree to carry insurance on the secured property and list the lender as the loss payee on the policy. Lender Requirements The loss payee should be added as soon as you buy insurance for what’s covered....

As a Certified Financial Planner Board of Standards (CFP Board) Ambassador, Marguerita helps educate the public, policy makers, and media about the benefits of competent, ethical financial planning. She serves as a Women’s Initiative (WIN) Advocate and subject matter expert for CFP Board, contributing to the development of examination questions for the CFP® Certification Examination. Marguerita also volunteers for CFP Board Disciplinary and Ethics Commission (DEC) hearings. She served on the Financial Planning Association (FPA) National Board of Directors from 2013–2015 and is a past president of the Financial Planning Association of the National Capital Area (FPA NCA)....

Depending on your tax status and income, it’s possible to accidentally overpay FICA taxes. You may be able to claim a Social Security tax refund if that happens. How Social Security and Medicare Tax Is Paid FICA taxes are withheld from your paychecks along with income tax if you work as an employee. The Social Security portion of the FICA tax is subject to a cap: $147,000 in 2022, and 160,200 in 2023....

What Is Mitigation in Insurance? Mitigation of damages is a legal doctrine that prevents the party with a loss from being compensated for damages they could have avoided through reasonable efforts. This basic principle applies to many types of insurance claims, and policyholders must comply with the duty to mitigate damages to get the maximum claim reimbursement they’re entitled to. The duty to mitigate damages means it’s your responsibility to take common-sense steps to minimize additional losses after the initial loss....

Finding ways to save money when buying your first home is a huge priority for first-time buyers. Whether you are buying a condo, a mobile home, or a house, you’ll want to find low-cost insurance that protects your home and personal items. How Much Can You Expect to Pay? The National Association of Insurance Commissioners (NAIC) says that home insurance rates increased 3% in 2018 to $1,247 a year on average (from $1,211 per year in 2017)....

The average rate offered for a 30-year fixed mortgage vaulted to 5.87% from 5.41% overnight, according to lender data provided to The Balance. The jump of nearly half a percentage point was only the latest (though largest) in a recent string, putting the average at its highest since at least 2019 and a far cry from its low of 2.89% in December 2020. As the chart below shows, it’s risen more than an entire percentage point in a little over two weeks....

Hispanic-owned personal finance products company Crediverso launched the website Thursday. Besides offering free credit checks in Spanish, the platform lets users compare prices for things like remittances abroad, credit cards, and loans in either language. The platform is the only place in the U.S. to get a credit check in Spanish, Crediverso said. Crediverso can also be used to sign up for identity theft insurance and credit monitoring, as well as reports and explanations about credit score changes....

Insuring Personal Belongings in a Nursing Home When living in a nursing home, several factors come into play to determine if you or your family member needs to buy special insurance to cover contents and personal belongings. Very often, there is coverage for “parents in a nursing home” in the policy wording of family member’s home insurance. If the policy does not provide enough, the children may have more negotiating power to obtain favorable rates by asking if an endorsement can be added for the contents of the parent in the nursing home....

An additional form, the statement of financial affairs (SOFA), asks questions about the state of your finances, recent financial transactions, and details that don’t fit on other schedules. What Is the SOFA? The statement of financial affairs, or “SOFA,” is a required form in a bankruptcy filing. This form delves into all of your personal matters so that the court can fully grasp the financial situation that is causing you to file....

Consumer spending habits are just one important piece of the puzzle when trying to save for a wealthy retirement. There are a number of other habits of the wealthy that have put them in a financially sound position, many of which you can model to create your own wealthy retirement. Don’t forget that being wealthy in retirement is about more than just a healthy bank account. It is also about being happy and healthy, staying busy, and having plenty of core pursuits....

Unlike rent for an apartment, which is paid in advance, mortgage interest is usually paid in arrears. That means it is paid after the amount accrues. A mortgage payment on April 1, for example, pays the interest for March. When interest is paid before it accrues, that payment is an example of prepaid interest. Common Instances of Prepaid Interest Borrowers typically prepay interest when they take out a loan to either buy a home or refinance an existing mortgage....

A one-time forgiveness of $50,000 would wipe out student debt for 36 million (80.2%) of the nearly 45 million federal student loan borrowers, according to a Department of Education (ED) memo released by Sen. Elizabeth Warren (D-Mass.) Tuesday. (A press release from Warren’s office put the number even higher, at 84%. It was unclear how that number was calculated, and a spokesperson for Warren did not respond to a request for clarification this week....

While some people approach this by starting a pet savings account, others find buying pet insurance to be a more effective way to cover large, unanticipated expenses. But policies can be confusing—in part, due to the newness of pet insurance to the marketplace. It can be hard to determine whether pet insurance is worth it for you. To better understand the argument for getting pet insurance and the factors that influence pet insurance premiums, we spoke to Kristen Lynch, executive director of the North American Pet Health Insurance Association (NAPHIA)....

On June 19, 2013, the Federal Open Market Committee (FOMC) announced it would taper purchases by the end of the year. That’s if economic growth, inflation, and unemployment were on track to meet the Fed’s targets. Information on FOMC’s actions was laid out in the FOMC meetings summary which provided a top-level analysis of the U.S. economy. Investors panicked, leading to the “taper tantrum.” The stock market tumbled, and the yield on the 10-year Treasury note rose by 1%....

Ask the right questions, and you’ll leave the interview with a much better sense of the job and the company. Ask the wrong ones, and you might wind up putting yourself out of contention for the job. On the flip side, there are some questions that it’s never appropriate to ask your interviewer. Learn which questions to ask and which to avoid. You’ll find out what you need to know about the organization and make the best possible impression on the hiring manager....

Monthly retail and food service sales grew 9.8% from February, jumping to $619.1 billion, according to seasonally adjusted data released by the U.S. Census Bureau Thursday. March’s growth outpaced the 5.8% jump economists had expected, according to a median estimate cited by Moody’s Analytics, and was the second largest in 29 years of Census Bureau data. Only May 2020, when the economy began reopening following the pandemic’s onset, had a larger increase, at 18....

What Is Revolving Credit? Revolving credit is a type of credit that can be used repeatedly up to a certain limit as long as the account is open and payments are made on time. With revolving credit, the amount of available credit, the balance, and the minimum payment can go up and down depending on the purchases and payments made to the account. Revolving lines of credit are sometimes known as “evergreen loans,” and sometimes they have a cleanup requirement where borrowers are asked to pay down the balance to $0 for a period of time....

If you want to move a Roth IRA to a new broker, it’s important to make sure you understand the process. If you don’t follow the proper steps, you could face penalties. How To Do a Direct Roth IRA Transfer If you want to transfer your Roth IRA from one company to another, a direct transfer is likely the easiest path to take. With a direct transfer, you can move your assets straight to the new broker without having to sell them or deal with waiting on a check in the mail....

Is it even possible to explain and remedy the situation? It is—if you contact the employer as soon as reasonably possible and follow up with a formal written apology via email. Inform the Interviewer as Soon as Possible If you are missing an interview, you almost always will know you are going to miss it before the scheduled time. As soon as you know it is inevitable that you won’t be able to make the interview, make calling or emailing the potential employer a priority....