- What Is the Rule of 70, and How Do You Use It?
The rule of 70 is used to determine about how long it will take an investment to double in size while growing at a consistent rate of return. The rule is far from exact, but it can nonetheless help you figure out the approximate future value of an investment or compare the potential value of… read more…
- What Is a Good Credit Score?
Having good credit is an important factor in whether you’ll be approved for new lines of credit or lower interest rates on loans. Credit scoring agencies use many different factors from your credit history to determine your credit score. While having a good… read more…
- What Is Life Insurance, and How Does It Work?
Life insurance is a contract through which a policyholder pays an insurer in exchange for a payout when the insured dies. Most adults have heard of life insurance, and many have been told that they should have it. However, conversations… read more…
- What Is Term Life Insurance?
A term life insurance policy provides a death benefit or lump sum payment to a beneficiary if the policyholder dies during a specific “term” or period of time. Often called pure life insurance, term life insurance is known for being… read more…
- Credit 101: Definition, Scoring, Reports and More
Credit is one of the most important aspects of a person’s financial life. Your credit score affects your ability to get loans, credit cards, apartments and more. There are several components to credit that have an impact on you and your financial situation. You can check these factors by looking at your credit score and… read more…
- What Is the New York Stock Exchange (NYSE)?
The New York Stock Exchange, or NYSE for short, is the world’s largest and most famous stock exchange. The total market capitalization of all of its listed securities totals over $25 trillion. The NYSE is located in downtown New York at… read more…
- What Is an Excellent Credit Score?
A credit score of 800 or above typically falls into the “excellent” category. There are many benefits associated with this tier of credit score. For example, an excellent credit score means you’re more likely to gain approval for new lines of… read more…
- What Is Owner’s Equity?
Owner’s equity is the value of a business that the owner can claim, and consists of total assets minus total liabilities. Both the amount and how much it has changed from one accounting period to another offer insights into a business’s financial condition. Sole proprietors and partnerships use this term. We’ll review what comprises this… read more…
- What Is a Vesting Period?
A vesting period is the time an employee must work for an employer in order to own outright employee stock options, shares of company stock or employer contributions to a tax-advantaged retirement plan. Vesting periods come in a variety of… read more…
- How to Get a Free Credit Report
When it comes to your personal finances, knowing about your credit profile is extremely important. It can determine whether you’re accepted for a home loan, an auto loan, a credit card, rentals, insurance policies or even jobs. Luckily, it’s now… read more…
- What Is a Public Benefit Corporation?
Public benefit corporations, also known as benefit corporations, are for-profit businesses whose charters commit them to social or environmental missions, not just maximizing shareholder value. These corporations take into account how other stakeholders such as communities and the environment will be affected by their actions. Organizing as a public benefit corporation is seen as a… read more…
- What Is EDGAR?
EDGAR, which is short for Electronic Data Gathering, Analysis and Retrieval system, is a massive U.S. government database on the finances of publicly traded corporations that is free to the public. Overseen by the Securities and Exchange Commission (SEC), it… read more…
- What Is a Social Security Number?
If you’ve ever applied for a credit card or completed a job application, you’ve probably been asked for your Social Security number. This unique nine-digit number issued by the Social Security Administration is one of your most important pieces of… read more…
- What Is Seed Capital?
Seed capital refers to funds raised to start a business. Also referred to as seed money, seed funding or startup capital, it enables entrepreneurs to transform a viable business idea into a new product or service. While there are other types of… read more…
- What Is a Stock Warrant, and How Do They Work?
A stock warrant is a type of derivative that gives the holder the right to buy a share of a company for a specific price within a set window of time or on a specific date. Companies will often issue… read more…
- What Is a Covered Call?
A covered call is an investment strategy designed to manage risk. In it, investors take two positions: First, they buy a number of shares in a given company. Then, they sell an equal number of call options on that stock.… read more…
- When Is Open Enrollment for 2025?
Open enrollment represents the yearly period where employees enroll in employer-sponsored insurance and healthcare plans. During this period, employees typically have the power to select new coverage, change their current benefit and coverage elections or maintain the same coverage they… read more…
- How to Invest $100,000 and Turn It Into $1 Million
As you invest for retirement, becoming a millionaire might be a reasonable goal. Yes, millionaire status is no longer rarefied air, and depending on your income needs, having at least $1 million in the bank might be necessary to last… read more…
- What Is the Mutual Fund Turnover Ratio?
Mutual funds can help diversify your investment portfolio. When comparing mutual funds, there are several key metrics to pay attention to, including the expense ratio and the turnover ratio. A mutual fund turnover ratio refers to how often the underlying… read more…
- What Is the 2025 Federal Poverty Level (FPL)?
The federal poverty level is a key consideration in assessing anyone’s eligibility to receive government benefits. Your access to many state and federal safety net programs is often based on where you or your household falls on the federal poverty… read more…
- What Is Fair Market Value (FMV) and How Is It Calculated?
Fair market value is the price a business, property or other asset would sell for in an open and competitive market where the buyer and seller have adequate information of relevant facts, a reasonable time to complete a deal, are… read more…
- What Is Asset Location and Why Does It Matter?
As you build an investment portfolio, you probably make a point of considering your asset allocation and how that squares with your risk tolerance. But don’t confuse asset allocation with asset location, which is a distinct part of your investment… read more…
- What Is a Stock Exchange?
Stocks can be an important part of a diversified investment portfolio. Individual stock shares are bought and sold on a stock exchange. There are multiple exchanges where stocks and other securities can be traded. If you’re new to investing, you… read more…
- Cash Flow Statement: What Is It and How to Read It
In business, maintaining positive cash flow is vitally important. Cash flow refers to the movement of cash in and out of a business as it generates revenue while also covering its operating expenses. A cash flow statement is a way… read more…
- Does Private Equity Belong in Your 401(k)?
In 2020, the Trump administration announced that 401(k)s and other defined contribution retirement plans were not explicitly barred from offering private equity investments to participants. These alternative investments, which historically have been limited to wealthy and institutional investors, aren’t available as standalone options, but they could potentially be bundled with other investments in, for example,… read more…