Business and Finance

Refine Search

What happens if you default on a 401(k) loan?

401(K) loan defaults do not affect the borrower's credit rating, Zacks notes. Since the borrower is taking the loan from himself instead of a third party, the default is not reported to credit bureaus. 401(K) loans are repaid through payroll deductions. Most defaults occur due to job losses. When a borrower loses his job, he is required to repay the full outstanding balance, typically within 60 days. A sum of 80 percent of borrowers who lose their jobs do not repay the defaulted amount within the time limit, resulting in default, according to Zacks. The borrowers in default then receive a..

Continue Reading

What does it take for salon owners to succeed?

Managing time effectively means focusing on income-generating activities. Salon owners can benefit from hiring skilled staff to handle tasks such as overseeing staff, managing the books and working the desk. This leaves the salon owner more time to focus on tasks that make more money and help grow the business.\nSalon owners should price their services appropriately. The price should be set so that it maximizes profits but does not limit the number of clients. Factors that affect pricing include profit, overhead costs, supplies and labor.\nA good way to make extra money is to sell retail produ..

Continue Reading

How do you find affordable one-bedroom duplexes for rent?

To access Rent.com and search for a one-bedroom duplex, navigate to the website's home page, and enter the ZIP code or city where you're searching for a home. Click the Let's Go button to see a list of available rentals. Narrow down your search by price, number of bedrooms, property type and a host of amenities. Rent.com also provides a Moving Center tab that allows users to get a quote on moving expenses. This section has moving tips and advice as well, including the ability to ask a mover questions prior to your move, explains Rent.com.\nApartment Guide offers a similar search..

Continue Reading

What do reviews say about Prestige Financial Services?

While a majority of reviews for Prestige Financial Services on Yelp are negative, some reviewers do rank the company positively, noting that they would not have been able get financing through any other lender. Others complain of harassment over payments and bank information, including one reviewer who claims that the company accused him of defaulting on his loan despite paying several months in advance.

Continue Reading

What happens if you file your taxes late?

The IRS may file a tax return on behalf of a late filer. In such cases, exemptions and deductions may be lost, and the IRS mails a Notice of Deficiency to an address found on past tax returns. Interest charges and late payment penalties apply and can total up to 25 percent of the unpaid taxes.

Continue Reading

Why must workplaces display the free OSHA safety poster?

The poster informs employees about rights covered under the Occupational Safety and Health Act. The employer must place the poster in a visible area, OSHA explains. The poster is also available in Korean, Nepali, Spanish, Chinese, Polish and Portuguese. OSHA does not require employers to post foreign language posters, but a business is encouraged to do so if it employs Spanish-speaking workers.

Continue Reading

What is a central pension fund?

Beneficiaries of the Central Pension Fund receive a monthly retirement benefit for life. More than 6,500 union employers in the United States contribute towards the fund, as of 2015. Other benefits paid the fund include early retirement benefits, special retirement benefits, post-retirement surviving spouse benefit, pre-retirement surviving spouse benefits and disability benefits, according to iuoelocal406.org. The fund maintains records for all contributions made by a member, even if they change employers.

Continue Reading

What services are offered by Equifax?

Equifax provides a suite of online tools called Equifax Complete that monitors a customer's credit score while providing ID theft insurance and assistance, reports the company. Specialized services, such as the Complete Report and the Equifax Credit Report and Score, are available for customers who wish to focus solely on monitoring credit scores and credit reports.\nThe Equifax Complete Premier Plan is offered to individuals, while the Equifax Complete Family Plan can accommodate two adults and up to four children, according to the company. Customers who purchase this plan are able to vi..

Continue Reading

What are the IRS rules regarding an inherited IRA?

Spouses who inherit an IRA can retitle the IRA in their own name, or roll over the IRA into their present IRA account or a new IRA account in their own name, reports AARP. To avoid penalties, younger spouses must either wait until they are 59 1/2 to initiate distributions or retitle the IRA as inherited. Beneficiaries other than spouses should also retitle the IRA or the shares of each beneficiary when there are more than one, as inherited IRAs. Non-spouse beneficiaries must initiate distributions by December 31 of the year after they inherit, states Forbes. To maximize account growth, these d..

Continue Reading

How often are the Oakmark Funds performance statistics updated?

Oakmark Funds lists average total returns on its website with tickers for specific ranges, including 3-month, year-to-date and 1-year, 3-year, 5-year and 10-year averages for each of the stocks in its fund, according to the company's website. It also shows the average annual total returns since the fund's inception and the inception date for each stock. In addition, the expense ratio for the individual stocks in the fund is displayed.

Continue Reading
Showing 9721 to 9730 of 10000 (1000 Pages)