Fund – SGB Sports Sun, 04 Jul 2021 17:05:42 +0000 en-US hourly 1 Fund – SGB Sports 32 32 NerdWallet’s Best Credit Card Tips for January 2017 Thu, 11 Mar 2021 05:38:29 +0000

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January is a time to reflect on the year that has just passed and make resolutions to improve your life in the year ahead. When it comes to credit card, the Nerds have some tips on how you can make 2017 better than 2016.

Include credit card debt in your budget

According to the National Retail Federation, consumers planned to spend an average of $ 935.58 during the holidays. If you put more on your credit cards than you will be able to pay off in full in January, decide to wipe it out in 2017. Budget and make debt payment one of the essential categories, along with food, housing, utilities, gasoline and other living expenses. Calculate how much more than the minimum you can pay with your cards.

the debt snowball method is useful to stay motivated. Here’s how it works: Pay off the credit card with the lowest balance ASAP, while paying the minimum on your other cards. When card # 1 is redeemed, go to the next lower balance. Continue this process until your cards are refunded. By consistently addressing your debt, you can celebrate small successes as you reach your debt-free goal.

Review your 2016 credit card statements

When you have your final monthly credit card statement of the year, browse it to see how you spent your money and which items are tax deductible. Your credit card issuer can provide a downloadable annual statement, which usually breaks down expenses by category so you can analyze it.

Compare your spending against the budget you set for 2017 to see where you can adjust to stay on track. Or find out where you can cut back to spend more money on savings.

Get the right credit card

Now that you know where you spent your money last year, ask yourself if you are using the good credit card. Review the benefits and rewards of your current credit cards. Are they relevant to your lifestyle?

You may have changed jobs and are driving more each week. In this case, consider a card with gasoline premiums. Perhaps you are planning a big purchase and need a card with a long period of 0% APR. Or maybe you want match two cards for different kinds of rewards, so that you can use them to your best advantage.

For example, the Freedom Hunt® gives you 5% cash back in the bonus categories you register for each quarter. the Chase Sapphire Preferred® Card gives you bonus points on meals and travel. Book travel through Chase Ultimate Rewards and points can be worth 25% more. Consider what cards you have and how you could add one to increase your rewards.

Speaking of bonus categories, don’t forget to sign up for Q1 2017 categories to get your 5% cashback if you have this type of card. For the Freedom Hunt®, bonus for Q1 2017 are gas stations and local commuting. On Discover cards, the Q1 2017 the categories are gasoline, ground transportation, and wholesale clubs.

Negotiate better credit card terms

Often times, people’s oldest credit card is also the card with the lowest credit limit and highest APR because they probably got it when they were fairly new to credit.

The age of your credit accounts counts for 15% of your credit score, so you should keep any old cards you have. But if this really isn’t the best card for you, call your credit card issuer and see if you can. increase your credit limit, lower your APR or even convert the account to a better card. If you’re a good customer – you pay your bills on time and stay within your credit limit – your issuer will want to keep your business, which could work in your favor.

If you can negotiate better terms, that’s a double win for your credit score: you keep your credit history intact while increasing your available credit.

On the way to 2017 and to start the new year well.

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Ripple vs Stellar: Institutional investors prefer Stellar Lumens (XLM) over Ripple Thu, 11 Mar 2021 05:38:29 +0000

While Ripple has also made significant progress in recent months, research from Fundstrat found that private investors see Stellar as a promising network, but they haven’t said anything about Ripple. What the survey found is that institutional investors are more interested in Stellar than Ripple. The study also found that retail investors prefer Ripple over Stellar.

Whenever XRP and Stellar Lumens news is in the same article, it’s always about competition. However, in almost all cases, Ripple comes before Stellar. According to the analysis of Smartereum; Over the past few months, Stellar has attracted the attention of many companies.

Stellar Lumens News Today – Stellar Vs. Ripple – XRP News Today

Ripple and Stellar have a similar goal: to reinvent the payment settlement system and steal a share of SWIFT’s market capitalization. However, the main difference between the two networks is that Ripple targets financial institutions while Stellar targets individuals. The native token of the Stellar blockchain is the XLM token while the native token of Ripple is XRP. Blockchains and tokens have many use cases. However, XRP is way ahead of XLM by market cap and price.

Star Price (XLM) Today – XLM / USD

During Bitcoin’s bull run earlier this month, Stellar (XLM) managed to break out of the descending triangle and moved higher against the USD. Although it may soon form another triangle, there is still technical evidence that shows the price will rise against the USD as long as the price of Stellar Lumens (XLM) remains above the 21 month EMA. .

Stellar Lumens News Today – XRP News Today –

Research has shown that investors prefer Stellar Lumens (XLM) for long trades, but view XRP as a short-term solution. You see Ripple is a central change that provides quick fixes while Stellar provides long term solutions to the same problems as Ripple. Those who believe in Stellar know that progress takes time. It has made a lot of progress over the past few years and has done well against Bitcoin and the USD.

XRP (XRP) price today – XRP / USD

XRP and Stellar Lumens (XLM) Price Analysis

According to Ambcrypto; with Bitcoin breaking the $ 5,000 mark, many crypto analysts and enthusiasts believe the crypto winter is finally over. However, after the collective pump of the market at the start of the month, the prices of all major cryptocurrencies saw a sharp correction, pulling the market into bearish waters.

XRP, the second largest altcoin in the market, fell to a low of $ 0.29 before recovering and hovering around the $ 0.32 mark. At the time of going to press, XRP is valued at $ 0.328, with a market cap of $ 13 billion. The coin recorded a 24-hour trading volume of $ 1.04 billion and rose 0.85% against the US dollar.

XLM, the ninth largest coin in the world, was valued at $ 0.115 at the time of publication, with a market cap of $ 2.22 billion. The coin’s 24-hour trading volume was $ 255 million and increased 0.85%. As a result of the Stellar-IBM partnership, the coin had risen significantly, but has since resorted to stagnant price movement.

Find all Cardano Coin, Bitcoin Gambling, Free Stellar Lumens (XLM), Bitcoin Stock Price, Bitcoin Coinmarketcap, Ripple UFC Stream, Ripple Coin News in

Disclaimer: The information on this site is provided for discussion purposes only and should not be misinterpreted as investment advice. This information does not in any way constitute a recommendation to buy or sell securities.

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Synchrony Financial – Consensus indicates upside potential of 9.5% Thu, 11 Mar 2021 05:38:29 +0000

Synchrony Financial found using ticker (SYF) now have 19 analysts covering the stock with the consensus suggesting a rating of “Buy”. The range between the high target price and the low target price is between 41 and 26 by calculating the average target price that we see 32.42. Given that the previous close of shares was at 29.61, this indicates that there is a potential upside of 9.5%. The 50-day moving average is 27.32 and the 200-day MA is 23.92. The company has a market capitalization of $ 17,163 million. You can visit the company’s website by visiting:

Synchrony Financial is a consumer financial services company in the United States. It offers a range of specialized financing programs and consumer banking products in the digital, retail, home, automotive, travel, health and pet industries. The company also offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans. In addition, it provides promotional financing to consumers for health, veterinary and personal care procedures, and services and products, such as dental care, vision, audiology and cosmetics; debt cancellation products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts and savings accounts for retail and commercial clients, as well as deposits through brokerage firms in third-party securities. The company offers its credit products through established programs with a group of national and regional retailers, local traders, manufacturers, purchasing groups, industry associations and health service providers; and deposit products through various channels, such as digital and print. Synchrony Financial was incorporated in 2003 and is headquartered in Stamford, Connecticut.

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CashCall Mortgage Review 2020 – NerdWallet Thu, 11 Mar 2021 05:38:28 +0000

CashCall Mortgage at a glance

CashCall Mortgage offers a relatively limited number of loan products, but offers a less common option: a high balance compliant loan. You will need to contact a loan officer before you can begin an application, and you cannot get personalized rates online.

Here’s a breakdown of CashCall Mortgage’s overall score:

  • Variety of Loan Types: 3 out of 5 stars

  • Variety of loan products: 2 out of 5 stars

  • Online convenience: 4 out of 5 stars

  • Prices and fees: 3 out of 5 stars

  • Transparency rate: 4 out of 5 stars

CashCall Mortgage Types and Products

CashCall Mortgage offers both conventional and VA mortgage options to homebuyers and refinancers, but does not appear to offer FHA loans, jumbo loans, or variable rate mortgages. Home equity loans and lines of credit are also missing from the menu. CashCall offers a high balance compliant loan. This can be a good alternative to a jumbo loan for those buying a more expensive home in certain selected areas of the country.

The online convenience of CashCall Mortgage

On the CashCall website, selecting the “Apply Now” button will take you to a form that initiates contact with a loan officer. Once this discussion has taken place, the lender says that you can submit and sign documents online, and follow the loan process digitally.

Mortgage rates and fees CashCall Mortgage

One of the most important considerations when choosing a mortgage lender is understanding the cost of the loan. In order to give consumers a general idea of ​​what a lender might charge, NerdWallet rates lenders on two factors regarding mortgage fees and rates:

  • A lender’s average setup fee compared to the median of all lenders filing under the Home Mortgage Disclosure Act. CashCall Mortgage scores 3 out of 5 stars for this factor.

  • The mortgage rates offered by a lender compared to the best available on comparable loans. CashCall Mortgage scores 3 out of 5 stars for this factor.

CashCall’s website advertises a flat fee of $ 995 for many of its products, but the fine print indicates that the flat fee is only available if those products are used to refinance.

Borrowers should consider the balance between lender fees and mortgage rates. While it may not always be the case, paying an upfront fee can lower the interest rate on your mortgage. Some lenders will charge a higher upfront fee to lower their advertised interest rate and make it more attractive. Some lenders just charge a higher upfront fee.

You can decide to buy reduction points – fees paid with your closing costs – to reduce your mortgage rate.

Deciding whether to pay a higher upfront fee depends on how long you plan to live in your home and how much money you need to ask for. closing costs when you sign the loan documents.

Transparency of CashCall mortgage rates

Links to sample rates for some loan products – along with information about fees and assumptions – are available on the CashCall Mortgage website. The lender also provides links to their fee information and assumptions – the type of borrower you need to be to get those rates. On the day of our audit, CashCall assumed a down payment of up to 40% and credit scores well over 700 for some loan products. The only way to get a personalized quote is to contact a CashCall loan specialist.

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How not to run out of money in retirement Thu, 11 Mar 2021 05:38:28 +0000

Americans are not good at saving for retirement. Many are even worse when it comes to figuring out how much to spend once there.

An actuary who has studied the matter for three decades recently proposed a relatively simple strategy that may help. In its simplest form, the “Spend Safe in Retirement” plan suggests waiting up to age 70 to claim Social Security and using the minimum payout table required by the IRS to determine how much to withdraw. savings every year.

Even those who quit work earlier can use the strategy, or a version of it, to determine when they can afford to retire and how much they can spend, says Steve Vernon, a researcher at the Stanford Center on Longevity at Stanford. , non-profit. California. Vernon worked with the Society of Actuaries to study nearly 300 different approaches to retirement income. The strategy was the best way for middle-income people with $ 100,000 to $ 1 million in savings to create a source of income, says Vernon.

Most people nearing retirement don’t see a financial advisor, and only about half try to figure out how much money they’ll need to comfortably retire, according to surveys from the Employee Benefit Research Institute. Instead, retirees typically take one of two approaches, explains Vernon:

  • They try to minimize withdrawals, seeing their retirement savings as an emergency fund to be kept, or

  • They like it, using Pension saving like a checking account to pay for their current expenses without thinking too much about the future.

“These approaches are really not ideal,” says Vernon, author of several books on retirement. The stealing mob often burns their money too quickly, while the Conservatives can spend too little.

Traditionally, financial planners have recommended the “4% rule” – withdraw 4% from retirement savings in the first year and increase the amount each year based on the rate of inflation. Recently, some researchers have questioned this approach, saying it may not be safe enough for retirees who might face a lower performing environment than previous generations.

Another way to build retirement income is to purchase an immediate annuity, which offers a flow of payments in exchange for a lump sum, from an insurance company. However, many retirees do not want to hand over a portion of money that they cannot access in an emergency or leave to their heirs.

Social Security, on the other hand, is a kind of annuity that can provide a solid foundation for most people’s retirement, says Vernon. Benefits increase with inflation, do not fluctuate with the market and cannot be exceeded.

If people can delay claiming benefits until they are 70, they will get the highest possible check. (For married couples, only the highest income must wait until age 70, says Vernon. The other spouse can start Social Security checks at full retirement age, which is currently 66. years.)

When maximized, Social Security benefits will likely represent 75% or more of the typical retiree’s income, Vernon says. With most of their income guaranteed, retirees can keep their savings invested in stocks to enjoy above-inflation growth. A balanced index fund or maturing funds can be an easy and inexpensive way for them to invest, he says.

Those who wish to stop working earlier, say at age 65, can use part of their savings as “bridging funds” to replace social security checks.

“There is some judgment involved in the size of the transition fund,” says Vernon, as too much pruning could leave too little to live on later. People may need to cut down on living expenses and consider working part time.

Withdrawals can begin at age 65, using an initial withdrawal rate of 3.5%. At age 70, people can switch to the IRS ‘required minimum allocation table, which dictates how much people must withdraw from most retirement accounts at this age. The withdrawal rate at age 70 is 3.65%, and it increases slightly each year thereafter; at age 90, for example, it is 8.7%.

The safe spending strategy will not make up for insufficient savings, and some people may need to supplement their income by leveraging their home equity, either through a reverse mortgage or by selling their home, says Vernon. .

The amount of withdrawals can vary greatly each year with the rise and fall of the stock market. But the method allows people to squeeze as much income as possible from the savings they have without running out, he says.

“We really didn’t try to find a simple solution,” says Vernon. “But compared to the others, it’s the best.”

This article was written by NerdWallet and was originally published by The Associated Press.

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How to remove a collection stain from your credit report Thu, 11 Mar 2021 05:38:27 +0000

Collection accounts generally stick to your credit reports for seven years from the time the account became overdue.

But you might want to remove them sooner than that; unpaid collections can make you look bad in the eyes of potential creditors. And while the new versions of the FICO and VantageScore credit scores ignore paid collectionsMany lenders still use older formulas that even count collections paid against you.

Know where your credit is

Check your free credit report and see your score. Your information is updated weekly so that you can keep track of changes.

Here are the steps to remove a collection account from your credit report:

1. Do your homework

Get debt information from two places: your credit reports and your own records.

Until April 20, 2022, you can get a free credit report every week from each of the three major credit bureaus in using In addition, you can check your free credit report at NerdWallet as often as you like, plus a free credit score, both from TransUnion.

Gather your own records for more details about the account, including its age and your payment history.

In between, check these details:

  • Account status (paid, debited, closed)

  • The date the debt went unpaid and was never updated again

Once you’ve figured out the details, you can decide which approach is right for you.

2. If a collection is on your report by mistake, dispute it.

You may have a collection account on your credit report that shouldn’t be there. Maybe it’s too old to report again, or the collection itself is incorrect.

Too old to report: Overdue accounts should disappear from your credit report seven years after the date they became and remained overdue. But that doesn’t always happen. For debts that last longer than they should, File a dispute with any credit bureau that still lists debt.

If a credit bureau made a mistake on your report – if you don’t recognize the account or if a paid account shows up as unpaid, for example – gather documentation to support your case. Then file a dispute using the credit bureau’s online process, over the phone or by mail. The office has 30 days to respond.

The collection is incorrect: If you believe the error is on the part of the debt collector, not the credit bureau, ask the collector to validate the debt to make sure it’s yours. Note that you have 30 days from the date the collector first contacted you to dispute the validity of the claim. If the collector cannot validate, the collection should come out of your reports. Follow up to make sure.

NerdWallet Guide to COVID-19

Get answers to your questions about your mortgage, travel, finances, and keeping your peace of mind.

3. If you have already paid off the debt: request a cancellation of business assets

You can ask the current creditor – either the original creditor or a debt collector – what is called a “traffic suppression. “

Write the collector a letter explaining your situation and why you want the debt removed, such as if you are about to apply for a mortgage. There is no guarantee that your request will be accepted, but there is nothing wrong with asking. A record of on-time payments since the debt was paid will help your case.

Your credit report will still show late payments leading up to the collection action, but deleting the collection itself removes one source of damage to the score.

4. An unlikely option: pay to delete

Under a payment for deletion agreement, debt collectors remove the collection account from your credit report in exchange for a payment on the debt. The collection account will be deleted, but negative information about late payments to the original creditor will persist.

However, reaching a pay to delete is rare, potentially unethical, and soon to be obsolete. Since debt collectors must report accurate information to credit bureaus, removing the correct information falls into a gray area.

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How To Save Money: 17 Proven Ways Thu, 11 Mar 2021 05:38:27 +0000

We’ve compiled a number of ways to save money, from adjusting daily habits and reducing monthly bills to making long-term changes.

17 ways to save money

1. Use an automated tool

Find an app or bank account that makes saving easy. Digit and Qapital automatically transfer small amounts from your checking account to a separate savings account. Find out more applications that automate savings for you.

2. Count your coins and bills

Empty your pockets every day and start collecting that extra currency. Then take your collection to the bank and put it directly into your savings account instead of your checking account. When you want monitor your spending, use dollar bills instead of credit cards. It is more difficult to part with hard cash.

3. Get ready for the grocery store

A little work before going to the grocery store can go a long way save money on groceries. Check your pantry and make a grocery list, then use coupons and loyalty programs to maximize your savings while you shop.

4. Order smaller portions at restaurants

5. Get discounts on entertainment

6. Plan major purchases

Time your purchase of appliances, furniture, electronics and more based on annual sales periods. Don’t buy anything in a hurry either. Always wait a day or two before buying to limit buyer’s remorse.

7. Restrict online shopping

Make online shopping more difficult. Instead of saving your billing information, force yourself to enter your shipping address and credit card number with every order. You will likely be making less impulse buying.

Easily track your expenses

Throw away your paper budget and sign up for NerdWallet to make it easier to manage your money.

8. Make your own gifts

9. Reduce your car payment

10. Bundle cable and Internet

You could reduce your cable bill up to $ 40 per month when changing your cable plan. And you could save more than $ 1,000 over two years by bundling your cable and Internet service, depending on your carrier.

11. Change your mobile plan

Changing your plan is one way to save money on your cell phone bill, but that’s not the only way. Removing insurance from your plan could save you almost $ 100 per year, per line.

12. Watch your electricity bill

13. Lower your student loan payments

14. Cancel unnecessary subscriptions

15. Track expenses

16. Refinance your mortgage

Refinancing your mortgage for a lower interest rate can save you several hundred dollars each month. Use our mortgage refinance calculator to find out how much you could save.

17. Set savings goals

How to save money on a budget

A smart way to manage your money – and hopefully keep more of it – is to follow a budget.

At NerdWallet, we think of a budget as a spending plan because saving money doesn’t mean you have to stop spending completely. It just means that you have to prioritize some financial goals over others.

We recommend the Budget 50/30/20 for smart money management. Devote 50% of your income to necessities, 30% to wants and 20% to savings. If you find that any of your allowances exceed these percentages, make some adjustments to fit the formula.

As you work towards your ultimate financial goal, be sure to put your new funds in a good, high yield savings account to maximize your money. Some best online accounts pay much higher interest rates than traditional big banks.

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DACA Financial Aid for Students: Step by Step Guide Thu, 11 Mar 2021 05:38:27 +0000

While the federal government never passed the DREAM law, former President Barack Obama signed an executive order titled Deferred Action for Childhood Arrivals in 2012, which opened up many options for undocumented or “DREAMer” students. “.

The DACA, as the executive order is called, allows certain people to stay in the United States as long as they meet the conditions. Those allowed to stay are offered a work permit and two years of protection against deportation. They can renew these benefits as long as they continue to keep their record clean.

Even though DACA students are not deported to their home country and can continue to pursue higher education goals, they do not have access to the same federal student aid programs as US citizens. This lack of funding availability can make it difficult for DACA students to go to college.

Many undocumented students wish to attend university, but their immigration status can be a barrier. This guide will review financial aid for DACA students from federal, state, and private companies.

On this page:

Federal and state financial aid for DACA students

DACA students should always complete the FAFSA, if possible

Unfortunately, students in the DACA program are not eligible for any federal financial aid, including Pell Grants or federal student loans. This also includes any federal program dependent on the completion of the Free Federal Student Aid Application, or FAFSA—Generally considered the first step in receiving federal assistance.

That doesn’t mean, however, that DACA students shouldn’t finish FAFSA anyway. There are many other state and local FAFSA data dependent programs that are available to DACA students, so not completing the FAFSA can result in missed opportunities and lost funding.

To complete the FAFSA, you need a Social Security number. Many DACA students may not have one; those who do, however, can complete the FAFSA and effectively register for state and regional student aid. When completing the FAFSA, see the guidelines on for instructions on how to complete tax and residency information.

Speak to your college’s financial aid office or high school guidance counselor

You should also speak to the financial aid office at the school of your choice or your high school guidance counselor to see what options you may have depending on the state.

Some states have their own forms. Minnesota, for example, has a specific DREAM law enforcement that gives students a state grant of nearly $ 2,000 worth of Minnesota that does not need to be repaid. The state also offers in-state tuition fees for DACA students; However, many other states charge DACA recipients an out-of-state tuition fee, even if they reside in that state.

Private student loans for DACA students

Private student loans are offered by banks and lenders as an alternative or supplement to federal loans.

While many lenders will only offer loans to U.S. citizens or permanent legal residents, there are a few private lenders who will work with recipients of DACA benefits and immigrants.

Citizens Bank

Tariffs (APR)

1.54% – 12.04%

Loan amounts

$ 1,000$ 150,000

Citizens Bank offers private student loans to DACA students with a qualified co-signer who is a U.S. citizen or permanent resident. The co-signer does not need to be a parent (which could be an obvious problem for DACA recipients); it could be an extended family member, friend, or other willing co-signing contact who has a good credit rating.

  • Variable prices: 1.54% – 9.65%
  • Fixed rates: 4.72% – 12.04%
  • Rate reduction: 0.25% automatic payment discount
  • Fresh: Nothing
  • Repayment Terms : 5, 10 or 15 years


Tariffs (APR)


Loan amounts

$ 1,000$ 200,000

Ascension offers student loans that can be used by DACA students provided they add a co-signer who is a US citizen or permanent resident. It should be noted that the co-signer release is not available for loans where the primary borrower is not a US citizen or permanent resident.

  • Variable prices: 3.17%13.92%
  • Fixed rates: 3.98%14.92%
  • Rate reduction: 0.25% automatic payment discount
  • Fresh: Nothing
  • Repayment Terms : 5, 10 or 15 years

Other funding options for DACA students

Even if you find yourself unable to get a private student loan or government assistance, there are still several options. There are personal loans and Scholarships in the private sector; some of them are even specifically intended for DACA students.

Personal loans

Although these are not private student loans, you can also get a personal loan as a DACA student. Some lenders, like Serious offer personal loans to non-residents; some even have specific DACA loans.

Dreamers scholarship

the Dreamers scholarship, offered by the Immigrant Law Group, provides money to first-year students who have qualified for the DACA, have a GPA of 2.5 or better, and are applying to one of 12 partner schools that include colleges in New York, Florida, Washington, DC, Texas or California. There is also an online partner school.

Golden Door scholarships and support

Golden Gate not only offers scholarships to undocumented DACA students, but also mentorship throughout college and beyond with internships and professional development assistance. They have donated money to over 200 college students, and their scholarship students attend universities like Wake Forest University, Emory, and more.

TheDream.US scholarships

TheDream.US is another scholarship available to you as a DACA student. Their national scholarship will cover tuition and fees of up to $ 14,500 for an associate’s degree and $ 29,000 for a bachelor’s degree. More than 75 partner colleges in 15 states participate in the program.

>> Read more: Student loans for international students

Final result

It is true that recipients of the Deferred Action Allowance for Childhood Arrivals will have a harder time funding their education than a US citizen. It’s not impossible, however; with some effort, you can find the funding you need for the education you want, regardless of your immigration status.

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How students can get assistance in the event of a natural disaster Thu, 11 Mar 2021 05:38:27 +0000

Find the latest on

If you’ve been the victim of a natural disaster, you probably don’t have to worry about how to pay tuition or make your next student loan repayment. But if your family’s financial situation changes as a result of an emergency, you may be eligible for additional financial assistance or a disruption in student loan payments.

“You don’t want to get over this situation only to find your credit is shot because you don’t make your loan payment,” says Betsy Mayotte, president of the Institute of Student Loan Advisors, a nonprofit organization which offers free advice on student loans.

Here’s how you can get natural disaster assistance in college.

What current students can do

If you are currently in college and have new financial needs due to a natural disaster, contact your school’s financial aid office first. You may be eligible for a reassessment of your financial aid.

“Schools always use what is called professional judgment, which is dealt with on a case-by-case basis,” explains Mayotte.

Your school may also have its own emergency financial assistance – tuition waivers, short-term loans, or emergency grants – to help you stay in school during a crisis, such as a natural disaster, family emergency or medical situation. You will likely need to submit an application and other documents to prove why you need the help.

Any federal assistance that you or your family receives as a result of a natural disaster will not count as additional income that would negatively affect your existing assistance. If you have questions about how your Federal Student Aid may be affected in a situation like this, call 800-4FEDAID.

What Federal Loan Borrowers in Repayment Can Do

In response to natural disasters, the US Department of Education generally advises federal student loan services to offer flexibility in loan repayments to affected borrowers.

Right now, federal student loan borrowers are in the midst of a automatic abstention until the end of the year. You do not have to do anything to benefit from this payment break.

At the end of automatic forbearance, you can contact your maintenance agent to submit to administrative forbearance. You can ask if you are a student loan repayment borrower, if you are not in default, and have an account address in a federally declared disaster area, Mayotte says. This means that you won’t have to make loan payments for up to three months. However, interest will still be charged during this time, so it’s best to make interest payments only if you can. It will not affect your forbearance status.

Borrowers whose accounts are placed in administrative forbearance should receive a letter indicating this; those who wish to opt out will need to respond to their lender or agent once they receive the letter. To request a forbearance if your loan is not automatically put on hold or in default, or if you cannot receive your mail, contact your lender or service agent.

For up-to-date information on disaster assistance from the U.S. Department of Education, visit his website.

What private borrowers can do

Private loan borrowers may have a harder time deferring payments after a natural disaster, as private loans tend to offer less protection than federal loans.

However, Mayotte says private lenders often offer forbearance for up to three months in the event of financial difficulties. Contact your private lender or service agent to find out what options are available.

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How to start trading stocks in 5 steps Thu, 11 Mar 2021 05:38:27 +0000

Maybe there is a product that you use so much that friends or relatives tell you you should buy stock in the company. Or maybe you’ve received a bargain and want to invest some of it in the market for fun and, if all goes well, to cash in on it.

If you can’t wait to get started with active online trading, this guide will help you get started.

1. Decide if this is the right strategy for you

You might consider trading stocks if:

  • You have reached your employer’s maximum of 401 (k) dollars. Most 401 (k) plans don’t allow participants to buy individual stocks – instead, investors choose from a selection of mutual funds and indexes. But you can usually buy and trade stocks within an individual retirement account. Trading within an IRA can be beneficial: Since these accounts are tax-efficient, capital gains taxes can be deferred or avoided altogether.

  • You’ve contributed the annual maximums to a 401 (k) and an IRA, and you’re probably on your way to meeting your retirement goals. You are also willing and able to take more risk when trading stocks. In this case, you may want to open a taxable brokerage account with an online broker and trade in that account.

If you aren’t saving regularly for retirement yet, you’ll want to start doing so before you start trading online. Maximizing a 401 (k) and contributing what you can to an IRA is one of the most effective ways to build long-term wealth. Learn how to open an IRA.

Trading individual stocks not only carries more risk, but requires more effort than investing in mutual funds or indexes. You need to actively monitor your positions and understand if and how to react to market movements. (Learn more about the the basics of buying stocks here.) This is not the kind of risk most retirement investors want to take.

If you’d rather remain largely passive after all, then invest in a portfolio managed by a robot advisor might be a better choice than trading individual stocks.

Before you trade anything, learn all you can about investing and the markets. Mistakes can be costly.

There are a lot of free Educational resources that teach how to trade through an online broker. Think about the Morningstar investing classroom or one of the investing courses on

Also, most securities brokers offer their own training centers and a team of former traders or investment advisers who can guide you. Some brokers, like TD Ameritrade, offer their clients paper trading, a trading simulation that is a great way to practice without money or risk.




NerdWallet Rating

Fees and minimums:

Promotion: Up to $ 5,000 in cash credit with a qualifying deposit.




NerdWallet Rating

Fees and minimums:

Promotion: Up to $ 5,000 in cash credit with a qualifying deposit.

3. Select an online broker

Choose an online broker with the right tools and support for your needs. In general, novice traders should prioritize customer support, educational resources, and account and trading minimums. Also, consider the online broker’s stock trading software. New traders will want a streamlined platform that is easy to navigate and incorporates practical advice and a community of peer traders to help answer questions.

4. Start looking for stocks

Your account is open and you are ready to start investing. And after? Choosing stocks, of course, and that’s the tricky part.

Most traders start by doing a thorough analysis of a company, looking at public information including earnings reports, financial documents, and SEC reports, as well as external research reports from professional analysts. Much of this information should come from your broker, along with recent company news and risk assessments.

Start slowly, picking one or two stocks and investing an amount of money you’re willing to lose. You can reinvest the gains back into the stock – or other companies – but don’t add more money to the pot until you know what you’re doing and can research other companies. .

5. Make a plan and stick to it

Investing can be emotional, especially for those new to the game. Losing money doesn’t feel good, and it’s easy to panic and pull out at the wrong time. It’s also easy to get carried away by the excitement of what seems like a winning action.

This is why it is important to plan how much you want to invest at what price, and to determine how far you are willing to drop a stock before you retire. Using the right kind of business order can help you stick to your plan and avoid emotional reactions. For example, stop-loss orders trigger a sell if a stock drops to a certain price, which can minimize risk and loss. Learn more about the different types of market orders.

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