What Is an In-Service Withdrawal?

An in-service withdrawal is a type of withdrawal that allows you to access the money in your 401(k) account while you are still employed. This is different from a hardship withdrawal, which allows you to access the money in your 401(k) account if you are facing a financial hardship. In order to make an in-service … Read more

What Is a 401(k) and How Does It Work?

A 401(k) plan is a retirement savings plan sponsored by an employer. It lets workers save and invest a portion of their paycheck before taxes are deducted. Taxes are not due on the money until it is withdrawn from the account. A 401(k) plan usually offers a selection of investment options, such as stocks, bonds, … Read more

What Are Defined Contribution Plans, and How Do They Work?

What are defined contribution plans? How do defined contribution plans work? What is the defined contribution limit for 2022? The defined contribution limit for 2022 is $19,500. Are defined contribution plans tax-deductible? Yes, defined contribution plans are tax-deductible. This is because the contributions that are made to the plan are made with after-tax dollars. What … Read more

Double Gold ETF.

A double gold ETF is an exchange-traded fund that invests in gold-related assets, such as gold mining companies, gold futures, and gold ETFs. The fund is designed to provide investors with exposure to gold, while also allowing them to participate in the upside potential of the gold mining sector. Double gold ETFs are typically more … Read more

Golde Certificate Definition.

A Gold Certificate is a certificate of ownership that gold owners use to establish proof of their ownership of gold. The certificate specifies the amount of gold that is owned and is backed by the issuing institution, typically a bank or government. How do I sell my gold certificate? To sell your gold certificate, you … Read more

What Does Mill Rate Mean?

The mill rate is the amount of property tax that is levied for each $1,000 of assessed value. The mill rate is calculated by dividing the total amount of taxes to be levied by the total assessed value of all property in the municipality. For example, if the total amount of taxes to be levied … Read more

How a Mill Levy Works.

A mill levy is a tax on property that is based on the value of the property. The mill levy is calculated by multiplying the assessed value of the property by the mill levy rate. The mill levy rate is expressed in mills. One mill is equal to one-tenth of one cent, or $0.001. The … Read more

What is cash back?

It’s not free money.. What is Cash Back? It’s Not Free Money. What is the benefit of cashback? There are a few benefits of cash-back credit cards. First, if you pay your balance in full each month, you will avoid paying interest on your purchases. Second, cash-back cards typically have no annual fee, so you … Read more

Skilled Nursing Facility.

A skilled nursing facility (SNF) is a type of nursing home that provides a higher level of medical care than what is typically available at an assisted living facility or a home care agency. SNFs are typically used by people who have complex medical needs and require constant monitoring and care from a team of … Read more

Entrance Fee.

An entrance fee is a one-time, upfront fee that is charged by some senior living communities. This fee is generally non-refundable and is used to help cover the costs of initial renovations and improvements to the community. In some cases, the entrance fee may also be used to cover the costs of marketing and advertising … Read more