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Habitually worrying about financial problems as you lie awake at night to catch some sleep is an exhausting experience that can affect your mental health. Many people are not aware that there is a significant correlation between mental health and financial stress. While mental illnesses such as anxiety and depression are caused by varying factors, financial stress has been established as the most common cause.

What Exactly is Financial Stress?

Financial stress pertains to the worry that individuals feel when it comes to problems arising from the lack of means to meet or settle financial obligations. While financial experts also refer to it as mortgage stress, it’s a type of financial stress experienced by households that need to use over 30% of the family’s total income to pay for mortgage amortizations as they fall due.

Financial advisors suggest that one way to keep financial stress from taking over your life is to recognize it by recognizing the following signs of financial stress:

Insomnia;
Mood swings;
Frequent quarrels with loved ones over money matters;
Urge to inflict self-harm;
Increased use of alcoholic substances and;
Increased or loss of appetite.

Ways to Overcome Feelings of Financial Stress

Now more than ever, financial problems have become common and can happen to any individual as was the case by the unexpected events of the pandemic. While many lost their jobs, fell ill or lost their breadwinner to COVID-19, the sudden loss of financial capability had caused tremendous mental stress on many families. While financial solutions cannot be readily available, you can at least take steps that can help alleviate some of the anxieties that has been causing you financial stress:

1. Speak to your creditors about creating a new payment plan;

2. Communicate with your lender about options for mortgage restructuring or credit card consolidation;

3. Seek help from an independent financial counsellor and;

4. Ask help from a financial planner in creating a realistic budget that would meet the new payment schemes.

Wallin Hester: Lawyer For Finance

January 1, 2022

Iggy Haleigh

Money makes the world go round? In today’s society that may be a true saying. The economy is an important branch of human existence. The trade in goods and consumption is an everyday occurrence in your life. This also includes finances. People complain about too little money. Actually, they never have too much.

But no matter how much money, securities and investments someone has, most will come into contact with them at least once in their life. Either because they go to the bank and withdraw money or they get a loan or loan from the bank clerk they trust. This is simply because they pay for their purchases in the supermarket with their debit or credit card.

But companies also take out loans. An example of this is working with banks and carrying out transactions that are usually in higher spheres. This is where banking and capital market law come into play. The specialist Wallin Hester lawyer for banking and capital market law comes into play as well. Money matters are subject to statutory and legal provisions.

Wallin Hester: What does a lawyer specializing in banking law and capital markets law do?

A specialist lawyer who works in banking law and capital market law primarily takes care of all areas relating to the financial sector. The lawyer for banking and capital market law can represent financial institutions, insurance companies, banks and other financial service providers. On the one hand, they can represent private, institutional or commercial investors.

Wallin Hester: Tasks of a specialist lawyer

A specialist lawyer for banking and capital markets law can apply for damages for his client in the event of incorrect advice. It is completely irrelevant whether the investment is a fund, investment certificates or another capital investment. The specialist lawyer for banking and capital market law can also file claims for damages if the loan interest calculation is incorrect.

Furthermore, a lawyer specializing in banking law and capital markets law is very familiar with all financial products. He can check this for his clients and see through the situation through his specialist knowledge. Comprehensive advice can also be provided, for example to aggrieved borrowers.

Another task of the specialist lawyer for banking and capital market law is, for example, to use the right of withdrawal to reverse loan contracts, residual debt insurance or life insurance.

Why Investments Funds Registered in the Cayman Islands Have Higher Earning Opportunities

October 6, 2021

The Cayman Islands is one of the more popular jurisdictions in which fund managers establish their investment operations mainly because it’s a tax haven. Although located in the Caribbean, it was reported in 2017 that it is the domicile to about 85% of the world’s hedge funds.

Moreover, it was also noted that around 70% of the nearly 11,000 investment funds registered in the jurisdiction, are being managed by American asset or wealth managers; while about a third are under the administration of the U.S. government. Today Cayman Islands has emerged as one of the most popular and successful offshore territories for investments funds and other corporate business. ventures.

The term hedge funds are often mentioned in high-yielding investment circles. Yet those new to investing can have a better appreciation of Cayman Islands role in the financial market industry, by first understanding what hedge funds are. how they work and what makes them different from mutual funds.

What are Hedge Funds and What Role Do They Play in the Financial Market

A reference to hedge fund basically denotes funds raised and pooled by a group of people for high-yield investment purposes. Here, the founders provide the seed money using their own funds. After which, they divide the profits between themselves based on the proportion of the sum of money invested in the hedge fund.

Hedge fund firms eventually invite people looking to invest their idle money, so they can take part in the investing and profit-sharing activities of the hedge fund group, In doings so, the founding members of the hedge fund group earn additionally, by collecting commissions from the earnings gained by non-founding participants,

The investing activities of hedge fund firms are broad in scope and are limited only by the mandates of its own by-laws. This denotes that hedge funds can be invested in almost everything where high yields can be generated, from stocks, to bonds, real estate, derivatives and currencies including cryptocurrencies.

Although similar to how mutual funds work, MFs are different because from the very start, the money pooled for investment purposes are mostly hard-earned contributions of middle-class individuals. The pooled funds generate higher yield when compared to those traditionally offered by banks.

To ensure that MFs have low risk exposure, fund managers maintain and manage a portfolio of investments comprising only shares of stocks, bonds and in some cases, short-term lending. Readers looking to find more information on what mutual funds registered in the Cayman Island, should have a read of the Einvestment mutual fund and its investing platform,

Now here;s the thing, while normally, the profits earned from investments are met with high tax rates in regular jurisdictions like the US, hedge funds amd mutual funds registered in the Cayman Island are met with lower tax rates, simply because the jurisdiction is a pre-eminent tax haven.

Understanding the the Higher Earning Opportunities in a Tax Haven

A tax haven is essentially a jurisdiction, which by the virtue of its self-governance, impose very low taxes, or even no tax at all. on what governments of other countries consider as taxable income, or profits from financial transactions.

The reason why this Caribbean territory is quite popular among investment fund managers and various multinational business organizations, is the fact that it does not impose a corporate tax. Even Cayman Island residents benefit from the tax haven status, as they are not required to pay income tax, and therefor no withholding and payroll taxes, or pay tax on capital gains and on real estate properties.

As means of earning government revenues, fees are collected from work permits, stay-over tourism and on various financial transactions. Additional revenues come from import duties levied on luxury goods and other imported items, except on baby formulas.

Economic and Financial Policy

October 6, 2021

Iggy Haleigh

The financial and money-related association should become emergency verification and stronger!

The change of the financial and money-related association will be one of the major political ventures of the coming years. The French President Emmanuel Macron introduced his thoughts for the additional turn of events and the European Commission took up the conversation with a progression of substantial proposition for changing the institutional structure of the Economic and Monetary Union.

What has occurred since the monetary and monetary emergency?

– Better shopper insurance for venture guidance: clients ought to be shielded from complicated and hazy monetary items through better documentation and straightforwardness commitments.

– Common European standards for settlement: For banks that fall into difficulty, the citizen should presently don’t be expected to take responsibility.

– European financial oversight: The management of foundationally significant and cross-line organizations is presently not done by public administrative specialists, yet by European financial management.

– Better security for savers: Bank stores are lawfully ensured inside the EU of as much as 100,000 euros for every client and bank.

– Stricter principles for capital support: in case of an emergency, banks should hold adequate value and obligation capital to have the option to pad misfortunes.

With all endeavors to make the financial and money related association considerably more emergency verification, three core values apply:

1. Responsibility guideline: the ability to decide and risk should not be isolated from each other.

2. Proportionality guideline: Regulation should be proportionate: Small banks don’t have similar dangers as worldwide speculation banks and don’t should be managed like them.

3. Subsidiarity rule: we possibly need European arrangements if the genuine issues are European. On the off chance that monetary market dependability is in question, we need a European methodology. The public administrative authority additionally deals with a little investment funds bank.

In particular, there are four regions that we need to create and improve:

– The versatility of the design of the EMU should be expanded: This especially includes lessening significant degrees of public obligation at the public level. Furthermore, a crisis component should be set up. On the off chance that a state gets into an emergency through no shortcoming of its own, it ought to get a European guide under severe rules.

– the dangers in the financial area should be additionally decreased: supposed terrible advances should be diminished and the principles of the financial association, which all part states have co-adjusted, should be completely carried out.

– the principles of the Stability and Growth Pact should be upheld: the Commission must crackdown on the people who submit obligation. In case of infringement, there must likewise be sanctions.

– Banking and monetary market guideline requires greater proportionality and hazard direction: Small banks, reserve funds banks, and Volksbanks work uniquely in contrast to enormous cross-line banks. Complex announcing and documentation commitments are right and reasonable for enormous speculation saves money with an unsafe plan of action, yet for little establishments, they mean inordinate regulatory overhead and pointless expenses for bank clients. Visit an accident lawyer for more financial assistance.

JP Morgan Chase’s Digital Retail Bank Set to Launch in UK Soon

September 20, 2021

Investment banking company JP Morgan Chase announced that they will be opening the much-anticipated, feature-rich UK digital retail bank any time next week. Although the Chase digital bank will initially offer current (checking) accounts along with a rewards programme, it will eventually offer other retail banking services such as personal and mortgage lending as well as retail investments.

In announcing the forthcoming launch, the CEO of the bank’s International Consumer, Mr. Sanoke Viswanathan, mentioned that they would prioritize investing heavily on the Chase digital bank in the UK, before proceeding with plans to expand ita to countries located in Latin America and Europe.

Chase CEO Confirms Heavy Investments on New UK Digital Bank

CEO Visnawathan remarked that the move to shift to digital retail banking poses as a huge strategic commitment as they expect to spend hundreds of millions to make its operations sustainable. The CEO’s statement gave credence to earlier rumours that US JP Morgan closed a £700 million deal with digital wealth manager Nutmeg, to boost the launch of the Chase digital bank in UK.
During its development period, the digital bank was called ‘Project Dynamo’ and has been likened to Goldman Sachs’ Marcus, Chase’s closest competitor.

However, CEO Visnawathan emphasized that the digital bank will be doing more as they intend to keep customers in a banking relationship with Chase UK for three to four years at the very least. He added that JP Morgan is well aware that they have to spend hefty amounts of money, as they will be competing not only against Marcus, but also against UK’s high street giants and other emerging contenders in the investments market.

27 Must-Watch Shows for Political Junkies

August 5, 2021

Political shows and movies have obtained a small back seat in the past decade. As much has mentioned on social networking, it had been simply way too difficult to gut the literary planet of politics. After the news cycle is far somewhat more rampant than any storyline lineup on Scandal or even Veep, it even offers a completely new meaning to the term “the fact is much stranger than fiction.”

However, given this Joe Biden could be your 46th president of America, it may be time for you to populate the very most useful political shows and movies on Netflix, Amazon Prime Video, Hulu, also outside. Whether you are in the mood for a (significantly) historically true play, humorous slapstick humor, or possibly a magical love, there is something for you personally. Just take a deep breath and relax, and then love these shows with your TV you bought with bad credit TV financing.

Election (1999)

Reese Witherspoon plays Tracy Flick, an ambitious high schooler whose effort for student body president has been teeming with HighStakes play–but in this election, even the fate of the country isn’t hanging in the balance.

Parks and Recreation (2009–2015)

When there’s anybody who is able to make us have confidence in the excellent forces of government and democracy, it really is Leslie Knope. The councilwoman (and prospective president) comes with an undying love for waffles, Joe Biden, Lil’ Sebastian, also, needless to say, Pawnee, Indiana, which is, honestly, inspirational.

All of the President’s Men (1976)

This cinematic retelling of a few of the best investigative journalistic efforts (plus perhaps probably one of the most infamous political scandals) is utterly disgusting. Robert Redford and Dustin Hoffman star as Woodward and Bernstein, the reporters who broke the Watergate scandal which brought down the presidency of Richard Nixon.

South-side Together With You (2016)

Exotic films might be categorized as love pictures too–only glance at south-side Together With You, a fictionalized look at the very first date between the prospective president and first lady Barack and Michelle Obama.

Milk (2008)

Living story of Harvey Milk, the first openly gay elected official, will probably meet your inspiration mend within this film.

Veep (2012–2019)

From the literary world of politics, we’ve already had a woman president Selina Meyer. See what started off as being a political satire and turned right to a “sobering documentary” after the 2016 election as Julia Louis Dreyfus noted within her Emmy acceptance speech.

First Daughter (2004)

Earlier Sasha and Malia, there clearly was Samantha Mackenzie. Katie-holmes plays with a literary first girl only hoping for a normal scholar and rebelling against her Secret Service detail. Vintage.

The Campaign (2012)

If straight-up slapstick humor is what you are searching for, see Saturday Night Live alum Will Ferrell and comedian Zach Galifianakis’s undertake an SC congressional campaign.

The Politician (2019–2020)

This Ryan Murphy series centers across the narrative of Payton Hobart (Ben Platt), together with each season after a various political race that the personality is included.

Scandal (2012–2018)

Shonda Rhimes consistently delivers on play, also Scandal isn’t any exception. Kerry Washington plays with Olivia Pope, a catastrophe manager who’s swept in a steamy affair with the president of the USA.

Madam Secretary (2014–2019)

Come to Tea Leoni’s rockstar performance being an ex-CIA analyst turned out secretary of state, stick for that badassery that’s Elizabeth McCord along with her powerful oneliners.

The Contender (2000)

The assumption of this picture is regrettably too recognizable: Senator Laine Hanson (Joan Allen) has been nominated to measure in the V.P. job, however, man economists want to discredit her with a hailstorm of lies and rumors.

Houseofcards (2013–2018)

Frankly, the wheelings and dealings of these Underwoods within their constant search to attain power seem kind of tame now.

ALSO READ: Set Aside Politics To Resolve Corona Spread

The Ides of March (2011)

George Clooney along with Ryan Gosling celebrity in this political thriller of a hopeful along with also his dirty dealings at the backdrop.

The Manchurian Candidate (2004)

Bow down to Meryl Streep: Her portrayal like a junior mother and fighter within this particular political sci-fi thriller is everything. Denzel Washington gives an equally strong performance for being a war hero that examines her strategies.

All of the King’s Men (2006)

It had been composed as Distended Oscar lure as it came out, however, All of the King’s Men is worth observing because of the Pulitzer Prize-winning narrative of political Together with the Award-winning cast (Sean Penn, Jude Law, Kate Winslet, Anthony Hopkins, James Gandolfini, Mark Ruffalo, Patricia Clarkson, along with Jackie Earle Haley).

Frost/Nixon (2008)

The revelations from the 1977 Frost-Nixon interviews, that happened following the president had resigned after a Watergate scandal that was exceptionally outspoken, and also this ancient play is actually just really thrilling research the behind-the-scenes actions.

Designated Survivor (2016–2019)

Every one of the 2 4 super-fans who campaigned for Jack Bauer for president finally got their wish by Designated Survivor. Kiefer Sutherland presented an on-point presidential operation in this thriller collection.

Dr. Strangelove or How I Learned to Stop Worrying and Love the Bomb (1964)

This 1964 Stanley Kubrick picture about a possible nuclear holocaust continues to be timeless, however, the entire wrong-person-wrong-button assumption struck close to home for several through the Trump era.

The American President (1995)

Again, that says political pictures cannot be romantic comedies? Michael Douglas and Annette Bening (who play with the president and also a lobbyist, respectively, that fall in love) beg to disagree.

The West Wing (1999–2006)

A literary president handling real-world problems under the leadership of Aaron Sorkin (and also a throw of their most caliber) produces governmental television gold.

Wag Canine (1997)

Robert De Niro and Dustin Hoffman lead this picture of a Hollywood executive developing a bogus war to detract from the president’s present scandal.

Dave (1993)

After the (literary) president of the United States suffers a stroke whilst using an event, leaving him on a sidewalk, a look-alike is hired to portray him a seemingly hopeless premise, and soon you remember that the Melania Trump theories.

Condition of Affairs (2014)

Alfre Woodard as POTUS? Hell yes, I really like that America. This gone-too-soon series also co-starred Katherine Heigl as a CIA analyst.

Home Land (2011–2020)

This long-running (along with multiple-Emmys-winning) political thriller show followed Claire Danes as Carrie Mathison, that starts the series just as a CIA operations officer exploring a terrorist hazard.

Dick (1999)

Within this comedic re-imagining of the Nixon presidency, Kirsten Dunst and Michelle Williams play with two BFFs who unwittingly encounter exactly the Watergate scandal and eventually become the “Deep Throat” informant into Woodward and Bernstein.

Spin City (1996–2002)

Spin City depicts a fictionalized–plus far more humorous–variant of this NYC mayor’s office, together with Michael J. Fox resulting whilst the town’s deputy mayor.

Financial Advisors : Meeting the Challenges Posed by Robo-Advisors

June 27, 2021

Many wealth managers are feeling the pressures caused by the innovations of fintech firms that have made personal investing less costly by way of robo-advisors. However, other financial experts say that it’s a concern for financial advisors who refuse to adapt and evolve along with the technological changes. Rather than do nothing but worry, financial services providers should embrace the technological changes and developments and use them to enhance their advantage over robo-advisors, which is that of being able to empathise with clients by taking into account their personal circumstances.

Modern robo-advisors are now available as budget-friendly tools that give consumers the capability to complete seeming complex tasks that they would otherwise entrust to financial advisor These tasks include retirement planning, tax-loss harvesting, and investment selection.

Actually, the technology isn’t really new since many human wealth managers have been utilizing such tools since the early 2000s. Generally known as automated portfolio allocation software they used to be affordable only to wealth managers who had the means to buy the technology. Until in 2008 fintechs developed similar tools as a form of a less costly financial investing software offered as a service that consumers can access online.

Robo-advisors are digital platforms that give clients investment services driven by algorithms but hardly have sophisticated human supervision. The lack makes the technology less attractive to others, particularly those looking for some kind of personal by considering in-depth information about their future plans.

How can Financial Advisors Remain Relevant Amidst the Changing Financial Services Industry

A lot of financial advisors are troubled that the rapid growth of free planning tools and robo-advisors will affect their businesses negatively. While there is a possibility that it would affect their business, it a possibility if they don’t add additional value to their practice of providing money management and basic financial planning services.

Basically, it is a financial advisor’s job to assist clients in designing their life ahead while shortening the learning process when making financial decisions. It is easy to buy a financial product or get information about financial topics such as insurance, taxes, IRAs, and similar personal investment products. Yet hiring a financial advisor lessens the need to analyze and research about the complexities of financial products, especially if there are new developments. i

Should Forex Trading Be Considered Art?

April 15, 2021

How frequently have you heard somebody say, “trading is an art, not a science.” I’ve heard for years and decades now and I must say, it’s most likely the most absurd statement I’ve heard in regards to trading (and as most of us know, there are a number of pretty silly statements from the trading planet).

There’s nothing artistic about trading in any way. If you ask any Forex broker such as Skilling for more information about them), they’ll say that trading Forex is 100 percent a statistics game. Just how much prepared supply and demand at each price level is the thing that determines cost turns and motion. It is the purchase orders versus the market orders and it comes down to the numbers on each side of the equation and nothing else. To believe Picasso or Van Gough ought to be brought to this conversation is quite funny if you consider it.

We’re moving over a shorting chance from the USDCAD. In accordance with our distribution and demand approach I write about this frequently, that region shaded yellow proved to be a crucial source level. Meaning, institutions/banks had substantial orders to market at the amount, there has been a substantial supply and demand imbalance in the level. We all know this because the cost couldn’t stay at the level and diminished in a powerful fashion after an extremely brief time period (Odds Enhancer #1). Consider it, if supply and demand were in equilibrium at the level, the cost would have stayed at the level however, it could not because demand and supply were very substantially “out of equilibrium.” I said cost spent hardly any time in the amount and this is an integral point. OTA Odds Enhancer #2: The time cost spends at some level, the further out of equilibrium demand and supply will be in the degree. Trading books tell us if searching for key support and resistance levels, lots of candles around the display, above-average quantity, etc. If you believe the easy logic via, I believe that you’ll get the reverse to be true. At cost amounts in almost any market where demand and supply would be out of equilibrium, you’re likely to get hardly any trades (transactions). Not a lot like all of the trading books state and this is actually the situation in our trading chance over.

ALSO READ: Qualified Early Tax Filers to Receive Tax Refunds from IRS By as Early as May

Cost rallied up into the distribution amount, providing us a chance to market brief with a substantial profit zone beneath. There was little need below significance cost ought to have a very simple time decreasing. Finally, when cost reached provide, we always wish to learn who we’re promoting to. We will need to be sure we’re selling into a beginner retail dealer, someone who’s clearly inclined to pay retail rates. How we answer these questions is: Why is the purchaser we’re selling to purchasing following a dip in cost and right into a price where supply exceeds demand. These will be the 2 footprints of a beginner market speculator. When the answers are yes and also the risk to benefit meets the minimal standards we’re searching for, we still consider the transaction just like a robot.

The equation we now mapped out at ADVANCE performed as we believed and our profit goal was attained. If you believe artwork had something to do with all this, I have a first really rare one-of-a-kind painting which has been painted with Big Foot from the Rocky Falls 200 decades back. It is worth $100,000 but that I shall offer it to you for $10,000 therefore rush. You notice when I had been on the establishment aspect of this trading industry, it was quite evident from day one which cost moves 100 percent due to an ongoing supply and demand in each market. Trading chance is present when this very easy and straightforward equation is out of equilibrium. In the CME at which I started my profession, they did not possess Monet’s or even Picasso’s about the walls, they’d offers and bids. If I needed to see the artwork, I’d walk Monroe Street to Michigan route and go to the Art Institute. Goldman Sachs does not begin every trading day using a business meeting to go over artistic chances on the current marketplace, each and every choice is based on stock, order stream, and also risk/reward. The sole place trading and art come together are at the sphere of traditional technical evaluation. Meaning, traditional chart patterns that folks refer to the “artwork” such as Head and Shoulders, both Cup and Manage, and each of others may serve you a lot better using a framework around them onto your walls than they are attempting to utilize them to earn money. While I could find some unfriendly emails from the following guide, I consider it as our obligation to be somewhat fair with people because if your hard-earned cash is online with every transaction.

Qualified Early Tax Filers to Receive Tax Refunds from IRS By as Early as May

April 2, 2021

American citizens who filed their tax returns early, without making claims for a tax break on unemployment income, will be receiving tax refunds from the IRS.

Generally under the law, unemployment benefits are still considered income on which taxes are still due. However, the $1.9 trillion American Rescue Plan approved by Congress and enacted by President Biden last March 11, includes provisions that waive the federal tax on unemployment benefits received in 2020. The amount of tax break is capped at $10,200 per individual taxpayer.

The provision aims to provide relief to the millions of jobless Americans who received unemployment benefits, to reduce whatever tax amount they need to pay for the 2020 tax year. The tax break is calculated on a per person basis, while households that collectively received more than $150,000 and above are ineligible to claim refunds.

The IRS to Recalculate Returns of Early Tax Filers

As a number of taxpayers have filed their income tax prior to the enactment of the law prescribing the tax cut provision, the IRS gives assurance that a refund will be sent out starting May 2021. The IRS has advised those who filed their tax returns early not to file an amended tax return as a means to claim the tax benefit. Apparently, early taxpayers were confused on how they can claim the tax rate, but the IRS has gives clarification that those who qualify will receive them as tax refunds.

A spokesperson for the tax agency explained that they are already conducting a two-part recalculation, starting with the tax returns of eligible individual taxpayers. The second-phase of recalculations will focus on the tax returns of married couples who filed joint tax returns, to which those who qualify will receive up to $20,400 ($10,200 x 2) in tax refunds. The second-phase will include income tax returns of taxpayers with more complex income and expense information than regular taxpayers.

Bank Account Garnishments Could Take Away the $1.4K Relief Money

March 19, 2021

The $1.4k relief checks have been credited to bank accounts, but the American Bankers Association warns the funds aren’t protected from private debt collectors. Court-approved bank account garnishments attached to deposit accounts could automatically apply the stimulus money as payments for long outstanding credit card debts and unpaid hospital bills.

Although Democratic Senators.Ron Wyden (Ore) and Sherrod Brown (Ohio) have introduced a bill to protect the stimulus money against private debt collectors, Republican senators are poised to block said bill. GOP Senator Pat Toomey (Pa) said the debt collectors are only pursuing “valid legal claims” from people who owe them money. Where a notice of garnishment has been issued by the court adjudication, it then serves as the lenders’ tool in collecting payment of a long overdue debt.

Understanding How Bank Account Garnishments Work

A bank account garnishment is usually a last resort used by lenders to collect money from individuals who have repeatedly ignored requests to pay their financial obligations, While this is a legal means of collecting a debt, lenders do not immediately file a lawsuit petitioning for a bank account garnishment, since it’s a costly legal step. A lawsuit is filed only after a lender has exhausted all methods of collection by way of written notices, phone calls and through collectors.

Presumably, the existing notices of garnishment attached to the bank accounts were obtained prior to the outbreak of the pandemic, since a debt collection moratorium was imposed by state governments since 2020, to protect citizens against debt collectors.

Financial Studies Prior to the Global Health Crisis Showed that Majority of Americans are Financially Stressed

Based on a 2018 study by FINRA, more than half (53%) of American adults were already financially stressed even before the occurrence of the global health crisis. One of the reasons is their lack of financial literacy in handling personal finances, especially when it comes to availing credit and financing offers.

The Importance of Financial Literacy Among Consumers

The FINRA study should have drawn the government’s attention to the general lack of financial literacy among Americans, considering that many are living from paycheck to paycheck.

In Australia, the Australian Securities and Investments Commission (ASIC), with the support of regulators of consumer markets, consumer credit and financial services, established a website known as Moneysmart. The purpose of which is to provide information on how Australian citizens can make informed decisions, especially when availing financing offers. .

The initiative came about after a study revealed that one out of three Australian adults encounter difficulties in handling their finances due to bad financial decisions. As an example, not a few Australians purchase vehicles by simply accepting the car financing deals of the car dealer, unaware that the terms and conditions covering the car loan could overwhelm their personal finances.

Nonetheless, most Australians are savvy enough to research about other options by making comparisons not only of interest rates; but also of other terms and conditions that could impact their actual financial conditions. Moreover, while there are brokers of car financing facilities, a study of automotive consumers in Australia shows that 60% prefer those that offer free brokerage services

National loans Australia is a leading car broker in the country as the people working behind the financial servicing focus on tailor fitting car loans according to the financial capability of the purchaser. In having 24 years of building relationships with banks, financing institutions and car dealers, the brokers at National Loans use their expertise in helping Australians stick to their budget. That way, the purchaser of a new car or any type of vehicle can use borrowed money with confidence.

Bill Proposing Elimination of “Carried Interest” will Affect Wealth Managers

February 20, 2021

Last wee, Democratic Representative Bill Pascrell, Jr. unveiled H.R. 1658, a legislation that seeks to eliminate a tax loophole known as “carried interest.” The said loophole has been long contended as an egregious privilege bestowed by the country’s existing federal tax codes to wealth managers. As it is, top notch wealth managers or financial advisers earn substantial amounts in managing the wealth of the super rich investors but without paying commensurate taxes.

As Chairman of the House Subcommittee on Ways and Means, Rep Pascrell (D-NJ-09), along with members Rep. Katie Porter (D-CA-45) and Rep. Andy Levin (D-MI-09), introduced a legislation captioned as “Carried Interest Fairness Act 2021.”

In announcing the proposed law, Rep. Pascrell gave the following remarks:

”The credit interest loophole has existed in the country’s tax system for too long; allowing private equity moguls to pay lower taxes than their employees. This year, we will push hard for the closing of that loophole, to ensure millions of Americans are entitled to a fairer tax system as they struggle to survive amidst a system that fails to collect more from those who earn more.”

What Exactly is the Carried Interest Loophole?

The carried interest loophole is one where private equity firms managing the investments of wealthy individuals, usually the ultra-rich, allow the wealth managers to receive a share of the investment returns gained by their client.

Those who support the loophole contend that sharing from the profits incentivize wealth managers to ensure profitability of investments. Since the profit realized by the investment will be carried over as a wealth manager’s investment gains and not as compensation, the latter will pay capital gains tax. The capital gains tax rate is lower than the tax rates imposed on ordinary individual income.

While the country’s existing tax system is supposed to work on the principle that greate tax will be collected from those who earn more, the carried interest circumvents the principle. Under the U.S. tax system, long-term capital gains, usually for investment held more than a year, are levied with lower tax rates.

That being the case, wealth or fund managers can simply put forward recommendations for long term investments for their clients, as a way to ensure that they will be receiving carried interest. However, this is likely to change once the “Carried Interest Fairness Act of 2021″ becomes a tax law.

How The Proposed Carried Interest Fairness Act of 2021 Will Affect the Income of Wealth Managers

Wealth managers are financial advisers who offer a broader range of expert financial services, such as developing strategies and plans in managing the legal, accounting and tax aspects of their clients’ wealth, including giving financial advice on investments and retirement plans.

Under the “Carried Interest Fairness Act 2021” proposed by Democratic Reps. Pascrell, Porter and Levin, capital gains tax on carried interest income will no longer apply, as such income will be subject to ordinary income tax rates. While wealth managers can still apply capital gains tax on investments made with their own money, income earned as share of investments as part of managing the wealth of another, will be subject to ordinary tax rates.

In an article published by Forbes Magazine a 15% carried interest gross returns could be reduced to three percent (3%) once the fund expenses, total management fees and taxes are factored in.

Financial adviser PillarWRM cited similar insights in discussing their published book “The Ultimate Guide To Choosing the Best Financial Advisor” (https://pillarwm.com/ultra-high-net-worth-wealth-management-firms/). It gives advice that when choosing a large firm to manage one’s investments and estate, the financial strategy used by large firms in accounting for wealth management costs and taxes tend to erode the performance gains by chipping off only fragments of the costs.

Pandemic Spurs Increase of Life Insurance Applications Among Americans

February 2, 2021

Analysis of the U.S. insurance market revealed an increase in applications for life insurance during the coronavirus pandemic, compared to the previous years. Apparently, buying a life insurance policy is now the most logical step as the death toll caused by COVID-19 continues to rise. More so now that the infectious disease has morphed into becoming a deadlier form of contagion.

According to related analytics, the number of life insurance policies sold by the insurance industry since 2020 had increased by double-digits compared to previous years’ sales and before the pandemic outbreak. Experts stated that the most likely reason is because many have come to realize the financial difficulties faced by loved ones in case of their death.

According to MIB, an insurance analytics firm, most of the people who are currently applying for a life insurance policy are under the younger age groups. There was an increase of 9% in the age group of 45 to 59 year olds while it increased by 13% among those aged under 44, and only 0.4% among the older age group of 60 and above. Presumably, these groups have families whose members are still largely dependent on them for financial support.

Why Americans Choose Life Insurance Policies in Particular

Active life insurance policies offer death benefits that would be received by a deceased person’s family, including death caused by a pandemic disease like the COVID-19 contagion.

A life insurance coverage will still be effective even if the deceased person had travelled to a high-risk coronavirus are; albeit subject to certain exceptions. Instances where death occurred while the applicant is still being considered for approval; or if the deceased failed to divulge particular information in his application about previous exposures to COVID-19 transmissions; e.g. travel to a high risk region prior to the application for a life insurance.

Those who are still contemplating to apply for a life insurance policy can still do so but the process might take longer. Moreover, insurance providers will evaluate risks based on the applicant’s location, travel circumstances and behavior, in addition to existing health conditions. Applicants who plan to travel in high-risk regions or countries, should wait for the approval of their application before pursuing any travel plans.

As New Treasury Sec Open to Cryptocurrency Regulation; Industry Players Anticipate Increased Costs

January 31, 2021

Now that Ms. Janet Yellen has replaced Steve Mnuchin as new Treasury Secretary, many ask if Mnuchin’s plans to regulate cryptocurrencies will push through. While federal regulation would all the more encourage traditional investors to put their money into bitcoin and other digital currencies, industry players are anticipating the kind of regulation that the government will implement.

Will the government legalize cryptocurrencies and implement policies that will in effect cancel out the benefits of blockchain technology? Will regulations simply focus on enforcing anti money laundering laws and on imposing taxes on ownership and other crypto related transactions?

New Treasury Secretary’s Views and Plans for Cryptocurrency Regulations

Despite her professed reservations for cryptocurrencies, the new Treasury Secretary maintains an open mind toward the prospect of regulating digital money; acknowledging that cryptocurrencies have the potential to improve current financial systems.

During her confirmation hearing, Ms. Yellen said she believes they are mainly used to finance illicit transactions to support terrorism, carry out money laundering and other dark activities that threaten the country’s national security and global financial systems. Yet that very thinking is the reason why she also believes that there is a need for the Treasury Department to work closely with the Federal Reserve Board, federal banks, and securities regulators, in formulating an effective framework that would see to the regulation of cryptocurrency transactions and other fintech innovations.

In her written testimony to the Senate Finance Committee committee Ms. Yellen stated:

”We need to curtail the use of cryptocurrencies for malign and illegal activities and at the same time work on ways on how to encourage their use in legitimate activities.

Although her statements are promising to many cryptocurrency enthusiasts, several have also expressed concern on how the forthcoming regulatory framework will impact the cost of engaging in crypto related businesses.

A Quick Look at How Other Countries Regulate Cryptocurrencies

It is likely that U.S. federal regulators will model their framework after those being implemented by other countries that already recognize the use crypto money as legal. Some of which include:

Requiring providers of blockchain platforms, cryptocurrency exchange operators, providers of crypto-wallets and storage services to register their business with the designated government agency. Registration will of course include payment of licenses and fees as well as compliance with regulatory policies including submission of reports.

Miners that operate on a larger scale will likewise have to register as a business entity, to which all crypto money received as mining rewards will be considered as business income. Those who actively mine for personal purposes will also have to report their mining rewards as other income.

Imposition of VAT Taxes depends on the nature of cryptocurrency transactions, as some types of exchanges could be exempted.

In several U.S. jurisdictions where regulations are already being considered, most states are contemplating the idea of requiring cryptocurrency exchange operators to put up security bonds; or at least maintain a reserve fund in fiat currency.

The general expectation is that federal regulators will try to curb excessive enthusiasm for every class of digital asset, by saddling all sectors of the cryptocurrency industry with additional costs; to perhaps stabilize the price of digital currencies especially Bitcoin.

As an aside to this discussion, one of the newest solutions to beat the volatility of BTC prices nowadays is Bitcoin Mining, as it is currently seen as a less risky alternative to buying BTCs. The growing interest over this option lies mainly on the fact that there are now Bitcoin Farms that offer Bitcoin Mining as a service.

The option eliminates the risk of buying BTC that could drop in value on any day. Moreover, small scale miners will have less to incur as overhead costs by using the service provider’s platform, as opposed to paying high costs of electricity when computing to solve hash puzzles.

What Are Accident Loans?

December 5, 2020

Auto vehicle accidents aren’t cheap. This is particularly true when injuries and damages are involved as you need to pay for medical bills and services and damage to property among others. The National Highway Traffic Safety Administration said these expenses raise the sum of the yearly economic impact of automobile accidents to 242 billion USD. Several of those expenditures aren’t directly handed out to the victims of the accident. But according to data coming from the National Safety Council, the separate cost of a fatality due to the accident is more than 1.5 million USD on average, whereas the cost of a disabling injury reaches an average of 90,000 USD.

Settling Accident Expenses

Accident Loans may aid in paying off some of these unforeseen expenses since your case might take a while for it to be solved when you apply for an accident settlement. If you don’t consider Accident Loans as an option to manage to pay for such expenditures, those bills and invoices will reach its due whether you like it or not. How else are you going to pay for those if you need to wait for months or even years to resolve your case and receive your settlement? Furthermore, you aren’t even sure if the case will be in your favor to get a settlement.

What Are Accident Loans?

Accident Loans, also called car accident loans or car accident settlement loans, aren’t actually loans. It is, rather, a cash advance against the possible car accident settlement you have appealed for. The cash advance isn’t considered a loan since you don’t need to repay this to your accident loan provider if you didn’t win in your case. On the other hand, if you do win the case, you will need to pay back the auto accident loan you applied for.

While there are other funding options to help you with the costs related to the automobile accident you were in, an accident loan is not others as acquiring an accident loan from most providers is very easy and simple as you don’t need to provide much documents in order to be approved for a loan. They mostly rely on all the facts involving your case, hence your credit score as well as your job or your earning capacity doesn’t affect your chances of getting an approval.

Apart from this, accident loans or automobile accident settlement loans are absolutely risk-free. As mentioned, you only will have to pay back the cash advance if you have won the case. This also known as a type of non-recourse funding, wherein all the financial risk is placed on the lender of funding provider and not on the consumer. You could then say that an Accident Loan is a win-win for the consumer.

Making Sure Your Money Is Secured In A Casino Online Terpercaya

November 17, 2020

The internet could sometimes be a dangerous space especially if you don’t have any idea or take precautionary measures to protect yourself. Online casinos is one of the areas in the internet wherein users should be careful and vigilant.

Online casinos could be a particularly fun and exciting place to play on, and they also have numerous distinct advantages that is connected to them. But these distinct benefits also come with unique risks that users have to be aware of. This is also a reason why players and bettors should only register at and play on a casino online.

Since there is a need for you to deposit your money in online casino sites, knowing what to look for in a casino online terpercaya will ensure you avoid certain problems and dangers.

Determining a Trusted Online Casino – Securing Your Finances

The online gambling and gaming industry, which includes the online casino sector, brings in billions in revenue every year. This is one of the major reasons why there are people that deliberately create ways or perform fraudulent activities to scam and cheat users in order to steal personal and financial details as well as money. Safety is then without a doubt the most fundamental and critical factor to consider when participating and engaging in the online gambling industry. Furthermore, safety is a key factor determining the reliability of a web-based casino.

While it is tough to chase and get rid of deceptive online casinos altogether, various regulations were issued so as to prevent and lessen the number of scams and fraud at online casinos and ensure the safety and security of online casino users.

So, what makes a casino online terpercaya? Let’s have a look at some of the basic factors to bear in mind in order to determine a trusted online casino.

Proper License

Legitimate online casinos have the proper license from the proper authorities. This means that it has gone through a rigorous process of regulatory auditing that ensures the safety and security of its users and that its policies on all the services they offer are fair and transparent. When an online casino has a license, this means that I has passed the process and is authorized to operate.

Gaming Software

There are several top-notch software providers that offer their services to legitimate and reputable casinos only. Knowing which software provider an online casino is powered by will determine its level of safety. However, you shouldn’t only rely on the software provider in terms of the validity and sustainability of an online casino.

SSL Encryption

Another fundamental feature that a reputable and trusted online casino have is its SSL encryption. This technology creates and sets up an encrypted connection between a browser and a web server. This then gives web visitors a safe and secure access to the online casino site. An SSL Encryption is a fundamental indicator that the website is secure.

Explaining Certificate of Deposit Coupons

November 11, 2020

Certificates of deposit are trades provided by banks and brokerage companies where the investor commits to earning money from the certificate of deposit for a particular time period in exchange for providing the investor a guaranteed interest rate.

This interest rate is generally greater than other bank accounts since the lender can rely on the money staying in the accounts for the whole period of the certification of deposit and so invest it into longer-term investments which yield a greater rate of recurrence. In case the cash is removed early, the buyer is going to need to pay a serious punishment, often several weeks worth of attention.

What’s a Coupon?

A coupon will be the stated interest rate on the certificate of the deposit. The expression comes in bonds that have coupons that have to be ripped off the initial bond and must be paid off the interest. The rate of interest given by the coupon is paid in set periods.

Zero-Coupon Certificates of Deposit

Zero-coupon certificates of deposit are the ones that don’t have some interest payments on the account before the maturity date. These certifications of deposit are often priced below their real value to draw investors. Similar cases also apply in select online casinos that offer no deposit coupons.

Tax Implications

Beneath U.S. tax legislation, the investor should pay taxes on interest because it’s accrued as opposed to as it’s paid. This usually means that in case you put money into a zero-coupon certification of deposit which will grow in five decades, you’re liable for paying taxes to the interest accrued from the first year if you file your own taxes despite the fact that you won’t unnecessarily be paid money before the certificate of deposit takes a few decades after.

Calculating Accrued Interest

To compute the amount of interest has accrued in your zero-coupon certification of deposit, then use the formula below where P is the primary, R is the yearly pace, and is the number of days because interest has been compensated: Accrued Interest = P * R / 365 * T by way of instance, in the event that you invested $10,000 in a certificate of deposit which paid a yearly rate of interest of 3%, after 100 days you’d have shrunk $82.19.

Additional CD Payment Procedures

Many certificates of deposit pay attention at predetermined intervals during the period, instead of waiting to take a lump sum payment once the certificate of deposit grows. These certificates of deposit payout the attention to the investor pay off the interest back in the certification of deposit. When it’s paid, the buyer will receive a check or the cash is going to be moved into a different account. This process is preferable for those that have invested in a certificate of deposit to really have a fixed income. In the event the cash is reinvested, it’s added into the principal of this certificate of deposit future interest payments increase. It is more preferable for people who don’t have any demand for the cost and so is buying the certificate of deposit to get the sake rate it gives.

ALSO READ: Various Effects of Banking on Small Businesses

Will the US-China Trade Tension Ease Out Under Biden’s Administration?

November 10, 2020

Even under the new administration, the US-China trade issues Trump left hanging will still put a strain to relationships as Biden intends to take a firm stand. Nonetheless, President-elect Biden is expected to handle the situation with diplomacy and reasonable bargaining as opposed to Trump’s approach of making China a rival country that must be brought down from its powerful economic position. .

Background Information about the US-China Trade Tensions

Subsequent to airing complaints about China’s one-sided commercial practices with the United States, the former president attempted to persuade Beijing through policies. In not succeeding, the government imposed tariffs on imported merchandise from China and negatively affected Huawei with penalties. Still, China was unperturbed because the greater burden of tariffs were imposed on U.S. businesses, which in the long run, rippled to the end-user American consumers.

Trump basically spent most of his term taking drastic actions against China including blacklisting Chinese telecommunications giant Huawei, while Beijing countered by claiming that American technologies were mostly stolen from Chinese companies. The rift has actually blown out of proportion, which makes it very unlikely that a huge change will immediately transpire once Biden takes over as official Presidential of the U.S.

Expectations of the American Chamber of Commerce in China

According to Greg Gilligan, Chairman of the American Chamber of Commerce in China (AmCham China), the issues concerning both countries will not change even under Biden’s administration. In the statement, Gilligan describes Biden’s stand in this US-China trade tension to be fairly hawkish, explaining that domestic politics forbids surrendering the high ground to the other party. Yet unlike the last administration, it’s unlikely that the new U.S. president would send empty threats to Beijung through tweets, but would rather handie the matter with peaceful rhetoric.

Understanding The Forex Market: What You Should Know

September 18, 2020

It is hard to believe that Forex remains a relatively unknown financial market, especially considering that it is considered the largest financial market in the world. But when it comes to large-scale economic investments, the first thing most investors think about remains in the stock market.

What is Forex?

The typical images of Wall Street brokers, the numbers on the screen, the highly valued securities of the biggest companies in the world, the bubbles, and the crashes come to mind … 63 times higher than the stock market? Or that in Forex an impressive 5 trillion dollars circulate daily?

But after all, what is Forex, and why haven’t you heard of what is considered to be the biggest financial market in the world?

For more information, you can consult this link, where Forex is defined and explained in great detail. But allow us to make a short summary. In basic terms, Forex (acronym of the English expression for foreign exchange) is the decentralized financial market where all exchange transactions take place. That is, whenever a business involves two types of currency (such as the US dollar and the euro), Forex can play an important role.

As Forex acts predominantly on differences between currency values rather than speculative goods, it can be considered a relatively stable market. It is, moreover, impressive due to the large volumes it involves: it is no accident that the largest investors in the world – such as governments or large multinational companies – invest so much in this market.

In addition to presenting great opportunities for investors, Forex helps entrepreneurs and producers to mitigate the risk involved in multinational transactions, ensuring that future contracts between both do not depend on a possible decrease or peak in the base price of a currency.

Is it possible to invest in Forex independently?

Even though Forex is the largest market in the world, and one of the favorite financial platforms of the great “sharks” of the world economy, Forex can present excellent opportunities for private investors who seek to monetize their capital independently. Fortunately, betting on this promising market has never been easier than it is now. Through the Internet, it is possible to find a number of different brokers that guarantee quick and cheap access to the Forex market. It is possible to learn more about the different types of Forex brokers that are available to the common investor. Check out the Forex brokers that can offer you promising results.

When investing, remember that, as in the stock market, there are a thousand and one possible reasons to justify increasing or decreasing the value of your investments. From supply and demand to political and economic instability, all factors that reflect on the value of a currency must be considered when investing. Although currencies like the Yen are becoming increasingly popular in the financial markets, the “old acquaintances” of the dollar, the pound, and the euro continue to be the preference of investors.

ATTENTION: investment in foreign exchange derivative contracts (FOREX) like all investments, has risks. This article explains some technical aspects and associated nomenclature, we do not make investment recommendations. Above all, information is sought.

Before investing, find out what the risks are, how to mitigate them, and if they suit your risk profile. There is no good investor who is not a well-informed investor.

Should You Choose A Real Tax Advisor Or A Virtual Tax Advisor

August 31, 2020

It is often a question of price when it comes to hiring a professional to do your taxes each year. So should you hire a “real” tax advisor, a virtual tax advisor, or just simply hire a tax preparer? “Real” tax advisors seem to be more expensive than virtual tax advisors. After all, there are now entire platforms on which you can make your receipts available, from which specialist staff creates the bookkeeping during the year and the financial statements at the end of the year. But with all your concentration on digitization, you must not lose sight of the fact that there are real people behind a virtual tax accountant. So it doesn’t really matter who you choose.

How To Select The Right Tax Advisor

The price is often an argument in favor of virtual tax offices. However, the effort on their part should not be underestimated. Because so that your bookkeeping is processed virtually, you have to provide all documents virtually. The more work you put in yourself, the less the professionals on the other side of the line have to do, and the cheaper the price. However, real tax consultants who run their own law firm in their own town are now so well networked that many of them can also offer comparably low prices.

It’s a matter of reasoning with a tax advisor when setting prices. What speaks in favor of low prices at local tax consultants is that it is no longer a problem at all that you book from your own office directly on the tax consultant’s server or provide him with the documents digitally in a form that he needs to be able to process within the shortest possible time Time to prepare an accounting or the annual financial statement.

Whether the tax advisor is based in your home town or not only matters if you are looking for a face-to-face conversation and want to take advantage of appropriate advice. As long as the questions are standard, you can work well with a virtual tax office and pick up the phone or use Skype if necessary. The bottom line is that you have to feel comfortable with the arrangement and cope with it.

Software-assisted help – a middle ground

Another possibility is that you can let software support you in preparing your tax documents. Bookkeeping programs are of great help, especially when the effort is still very low and you have certain basic knowledge. Their scope can be adapted to your needs. There are simple programs that are ideal for freelancers or start-ups with a manageable income. The complex issues that mainly affect larger companies are not taken into account here. You need some time, in the beginning, to familiarize yourself with the program and learn to use it. In the end, these software tools minimize your expenditure of time considerably. The intelligent tools help you to find your way through the tax jungle better. The programs are designed in such a way that they are equipped with an interface to meet the tax authorities’ requirements for digital data transmission.

Potential Financial Benefits Of Playing On Bandarqq Sites

August 27, 2020

Bandarqq is a kind of poker that was quite popular in Indonesia. Today, the game could be played and enjoyed on the internet although there are subtle differences from the traditional poker. Bandarqq is a bit more elaborate and complex compared to casino poker with considerably greater stakes. Players need to focus on the game because of the many imperative details to look out for. Moreover, without plenty of patience, the game is almost impossible to win this game.

Potential Financial Benefits of Playing On Bandarqq Sites

There are many benefits of playing bandarqq especially in terms of financial aspects. With the right site to sign up and play in as well as the proper and effective strategies, players could actually profit from the game.

Good Bonuses. Credible sites that offer bandarqq games provide good bonuses which attracts new players and able to keep existing players. Many credible sites offer sign-in bonuses wherein new players are given free money for them to start playing even without depositing an initial amount. This provides an extra income to wager with which increases a player’s chances of winning.
Huge Jackpots. Similar to other wagering and casino sites, many bandarqq sites offer players a possibility to win huge jackpots.
Referral Bonuses. When you begin playing on trusted and credible bandarqq sites and enjoy the games as well as the bonuses and promotional offers it offers, you could invite other players, perhaps some of friends, to join and earn a referral bonus.

Whether it’s on a bandarqq site or any other gambling site, the fundamental goal of engaging in gambling or betting activities is to win money or gain some profit. It is then imperative for players to have effective gambling strategies to win the games as well as have money management systems or strategies to ensure you don’t and refrain from spend all your gambling money and your winnings.

Money Management Tips

If you do your research, there are money management structures that you could employ. But, regardless of the structure you make use of and the rules they have, it is imperative to set and stick to a budget as well as set a win-loss limit reducing your losses and getting into the practice of quitting while still ahead.

To remain in-control of your finances, always remember and adhere to the following:

Only wager money that is actually set aside and intended for purposes of entertainment
Never make use of funds that are for other necessities such as utility bills, education, mortgage, food, and savings
Never wager an amount of money that you cannot meet the expense of losing and stick to your bankroll/budget at all times whether you are losing or winning
Always make use of your common sense
Bear in mind that the house always has the edge and no money management structure could change that

Congress Lets $600 Economic Assistance Expire Last July 31, 2020

August 5, 2020

Congress went into recess for two weeks, whilst letting the $600 economic relief paycheck and the eviction moratorium expire last July 31, 2020 without clarity. As many Americans are still unemployed and while many businesses still unable to pick up where they left off before the COVID-19 lockdown, job opportunities are as elusive as ever.

The only source of financial assistance is the unemployment benefits being doled out by state governments. In addition, the expiration of the eviction moratorium could drive many Americans out of their homes.

The sad part is that the amount of unemployment benefits vary from state to state. Based on the list of unemployment benefits being paid out per state, the amount handed out as financial assistance can be as low as $5 to $20 minimum per week; albeit tending to vary based on the eligibility of the person applying for unemployment benefit. Overall, the average unemployment benefit paid in the U.S. is $6.00 per week.

The following states pay a minimum of below $100 per week: Connecticut ($15), Delaware ($20), Hawaii ($5), Louisiana ($10), Nevada ($16), North Carolina ($15) and Oklahoma ($16). Arizona and Washington have the highest minimum of nearly $190 per week.

However, a meager minimum does not indicate that a state is less generous. The rationale behind the low amount is to make it easier for residents to qualify for state unemployment benefit, which denotes that high a minimum in state financial aid has more stringent eligibility requirements. Hawaai for example pays a minimum of $5 per week but has been noted to rank second in the payment of unemployment benefits in May, which averaged at $466 per week.

Comparison of Eligibility Requirements for State Unemployment Benefit

While Hawaii pays only $5 minimum, a recipient needs ony to meet the following eligibikity requirements:

1. An applicant must have earned a minimum amount in wages for at least two quarters during the period between April 2018 to March 31, 2019.

2. An applicant became unemployed through no fault of his own as delineated under Hawaii law.

3. An applicant must be actively seeking for work and available to work any time.

Although Washing5on pays the highest minimum in unem0loyment benefits, an applicant’s reason will be evaluated before they can qualify.

1. A person applying for unemployment benefit in Washington must have worked in the state during the recent 18 months; except those who worked for the federal government or the military.

2. The Washington State Security Department will evaluate the reason why the applicant is unemployed, whether it be due to lay off or firing; or if the applicant quit his job. Evaluations may include reason for military discharge, or involvement in a labor dispute or work strike.

Blockchain And The System Of Governance

July 28, 2020

Many individuals across the globe carry on to speculate on the future of cryptocurrencies such as bitcoin, the first and most popular digital currency in the market. Crypto supporters believe that cryptocurrency is a worthwhile investment so many sell or/and buy cryptocurrency for various reasons. Many regard cryptocurrencies as the “currency of the future” hence they begin to buy them today before they grow to be more expensive and valuable. Others love the idea of the blockchain technology being it decentralized making it a much safer and secure mode of payment compared to traditional currency, whereas some like these digital currencies as they are increasing in value and carry no interest in the long-term acceptance of these cryptocurrencies as a manner of moving money.

Cryptocurrency – What is it?

As a refresher, cryptocurrency is virtual money, a digital currency that is protected by cryptography making it practically impossible to double-spend, manipulate or counterfeit. Many cryptocurrencies are decentralized networks on the blockchain technology. The blockchain is a distributed ledger that is administered by different computer networks. One of the major features of cryptocurrencies is that they aren’t issued or distributed by a central authority (hence decentralized) supposedly making them immune or resistant to manipulation or inference from the government.

A System of Governance Based on the Blockchain

Many cryptocurrency supporters believe that the blockchain technology could serve a unique function in averting corruption in the government as the technology presents a singular combination of record keeping that is tamper-evident and permanent, real-time, transparent and auditable transactions, as well as an automatic smart contract feature.

Although these features that the blockchain technology possess could help in preventing corruption, the blockchain on its own can’t completely put a stop to crimes or prevent corrupt or crooked actors. Moreover, while blockchain can be compatible with and enhance existing legal frameworks and social structures, its effectiveness is just as great as the system wherein it is a part of.

Without a consistent enforcement of law, precise and specific informational inputs, sufficient technological knowledge, political elites who are supportive and cooperative, as well as societal support and goodwill, a system of governance that is based on the blockchain may not be able to deter corruption.

Nevertheless, major use cases show how the blockchain technology can be used to deal with and manage the weaknesses and frailties in existing systems. The use cases emphasize the significance and value of a multifaceted and thoroughly detailed approach to governance that is blockchain-based as well. In various cases, they too add in crucial limitations as well as drawbacks to the use of the blockchain technology. Although these restrictions might abate advancements in the technology, it is vital that governments evaluate not only the benefits but also the cost of a system of governance that will be based on the blockchain.

So where can the blockchain technology be used? Below are a few:

Public Procurement
Land Title Registries
Electronic Voting
Beneficial Corporate Ownership Registries
Disbursements of Grants

Getting a Broader View of Brokerage Accounts

Arden Davin

You may have heard or read of a brokerage account. But do you exactly know what it is? Basically, this is a type of financial account that can be opened with an investment company like broker firms. However, just before you open with one, it is wise to take time reading broker reviews to ensure that you’re with the right team.

Unlike the traditional bank accounts, brokerage accounts are offering access to diverse investment channels similar to the following:

Bonds
Stocks and;
Mutual funds

In addition to that, brokerage accounts are sometimes referred to as taxable accounts because the investment income within such account is being taxed as capital gains.

How do these Accounts Work?

Basically, you can find various licensed brokerage firms today. Some of these companies may have a hefty price for their service while some have budget-friendly packages.

Most of the brokers let you to create a brokerage account over the web and you don’t need bundles of money in doing so. The truth is, many of the brokerage firms let you to open your account even without initial deposit. On the other hand, you’ll have to fund the account prior to making any purchase of investment.

Fortunately, this can be done easily by transferring money from your savings or checking account or even from a different brokerage account that you have.

In your brokerage account, it is you who has control over your investments and money. You can sell your investments as well at any given time you want. The broker will be managing your account and will act as the intermediary between you as well as the investment that you want to buy. Here, it will be your budget that will set the number of brokerage accounts to have or how much to deposit in each account. Just remember this, there must be no fee in opening a brokerage account.

Difference between a Retirement and Brokerage Account

A standard taxable or brokerage account provides no edge when it comes to investing through the account. Most of the time, the earnings of your investment would be taxed. On the other hand, this also means that there are fewer rules for such accounts. You can pull out your money at any given time and for whatever reason you like and even invest as much as you wish.

Now, if you are shooting for investment for your retirement, then you have to open a retirement account. This is a tax-advantage investment account that is designed specifically for retirement savings. For this reason, there are restrictions placed in these accounts on how and when you could withdraw the money and on how much you can or should contribute per year.

Preparing and Funding Political Campaign Budget

June 30, 2020

Arden Davin

Whether you believe it or not, but even powerful individuals such as politicians are using långuiden services to fund their political campaigns. After all, they have a budget to follow. This alone makes it more important to strategize a budget for political campaigns. Political campaign budget may go in endless directions that ultimately result to a win.

The thing is, several campaigns bump into problems when they fail to secure written budget or even set unrealistic goals to achieve. Executing the work in drafting realistic budget and at the same time, thoroughly thinking about how, why and when the campaign will be spending money are all critical factors. As we move further, you will see the guiding principles that can assist in developing successful political budget.

Question: How much Money is needed to Raise for the Political Campaign Budget?

A great way of answering this question is by checking at what similar campaigns raised. Additionally, it is necessary to take into mind the past budgets in context. Did it have a competitive general/primary election? Was there a multicandidate field or just a one-on-one race? Was it for an off-year or presidential year election?

All these questions are going to help in having broad ideas of what you might have to raise to become successful.

Establish 3 Budgetary Levels

While you are at the initial stages of working on your political campaign budget, it is best that you establish 3 budgetary levels which includes:

Best-case scenario budget
Middle budget that is more realistic and;
Worst-case budget in the event that the fundraising goes south

It is your job to figure out how you will be spending your money within each stage to get a win.

Question: Where does the Money Come?

It is vital to compile a list of your personal networks and then, put everything together in a spreadsheet. This will include all people who are connected to you whether it is on Facebook, Twitter, LinkedIn and even those who are in your email and phone list.

Go through each and assign a certain amount to how much you think they could give into your campaign based on how you know them and to how strong the relationship you built with them. Once done, add it all up and see how much the total is. Assuming that the total is 1/3 of the budget you initially need, then you may put it under the middle budget category, congrats as you are just on the right path.

Otherwise, then it is time to start rethinking whether this race is something you can still win.

No Money? Worrying Too Much Won’t Help

April 5, 2020

If the Covid-19 pandemic is mentally stressing you out over money problems, the best thing to do is to stop worrying too much.

Keep in mind that you are not the only one with money problems. In fact, a great majority of populations all over the world are experiencing financial difficulties as a result of the safety and preventive measures being taken to battle the coronavirus pandemic.

Pew Research Presents Proof that You are Not the Only One with Money Problems

Recently, the Pew Research Center came out with a report, which shows that in the U.S. alone, about 33% of lower income households are highly distressed. About 20% of them are experiencing anxieties over money matters after losing their jobs as a consequence of the Covid-19 crisis.

What is interesting about the information provided by the recent Pew Research report is that 17% of upper-income American households are also experiencing high levels of mental distress over financial problems. Moreover, of those employed by businesses not affected by government orders for temporary closures, about 21% also emerged as belonging to the groups of individuals with high levels of distress.

Health experts are getting concerned that even young people, not just women, in ages ranging between 18 to 29 are currently struggling with high levels of anxiety. This became evident when reports from mental health hotlines revealed a substantial increase in calls, ever since the Covid-19 outbreak unleashed its devastating effect in the U.S.

Of course it is normal to get worried; but obviously, worrying endlessly is of no use. Nearly all of us are in the same boat that is keeping us afloat amidst a great pool of uncertainty. Nonetheless, there are certain steps to take as a means of easing out some of the anxieties, before they get the better of you and your mental health.

Some Tips on How to Reduce Pressures Caused by Money Worries

First off, resist inclinations to focus your thoughts on how your dreams and aspirations for you and your family’s future are starting to crumble before your eyes. Instead, apply concentration on doing all the safety measures that you and your family must undertake to avoid getting infected. Worrying constantly will only cloud your mind, and could make you react in ways that would also stress out those looking to you for strength and guidance.

Secondly, stay on top of the latest news updates but make sure you will intake only information that are truthful, useful and helpful. Avoid reading prophecies of doom or those giving false hopes that can affect your decision-making processes.

Be interested in getting to know more about the financial help that the federal government will mail directly to low-income families. If you are a recipient of financial aid, spend it only on essentials like food, medicines and important provisions for you and your family’s day-to-day living. Aside from the federal government, it is likely that your local and your state governments have also launched programs aimed at providing assistance to needy residents.

Thirdly, stop worrying about defaulting on payments as they fall due, including settlement of an upcoming loan mortgage amortization. Banks, lenders, utility providers and even landlords, have been ordered by local authorities and the federal government to comply with a series of moratoriums.

Such moratoriums include prohibitions against eviction proceedings, against applying past due interest and penalty charges on missed payments and cutting off of utility services, especially concerning displaced workers or heads of a family, who lost their job as a result of the Covid-19 crisis.

Set Aside Politics To Resolve Corona Spread

March 13, 2020

The coronavirus keeps the world in suspense – in the truest sense of the word. It is not yet clear what damage it will do. And some still underestimate the situation. A comment by Frank Stüdemann.

The Science and Politics of the Coronavirus Outbreak

Since January, the DPA news agency has sent more than 70 breaking news on the effects of the coronavirus outbreak – 11 of them yesterday alone. You can hardly keep up with all aspects of the health crisis: canceled events en masse, major sporting events in front of empty spectator stands, travel restrictions, aid from the federal government. The whole scenario threatens the global financial crisis and signs of recession are underway.

Investors are selling stocks almost immediately causing chaos in the financial market. The crash is unsettling causing many small businesses to slowly collapse. In response to this sudden shake in the financial market, the government is coming together to provide small business loans (https://moneylendingclub.com/) in order to cope up with huge losses.

The mantra remains: all the restrictions and precautions have only one goal, that is to contain the spread of Sars-CoV-2 as well as possible to protect the weakest among us. It does not get any easier because everyone can transmit the virus without realizing it and showing symptoms. Therefore – it cannot be said often enough – everyone must put the welfare of the community above their own state of mind.

If the whole virus drama has anything good at all, it is at most that it shows us how vulnerable our globalized world is in reality. Microscopic tiny things are able to destroy supply chains, stock exchange prices and oil prices in the world within a few weeks Send basements and ruin the balance sheets of even large companies. But the viral hurricane will also have other consequences: Politicians like US President Donald Trump could be swept out of their positions after poor crisis management and persistent small talk of the situation.

The crisis calls for leaders to set aside politics. The people don’t need that today. What the people need is a solution to the spreading problem, help to those affected, and the right information for people to properly protect themselves. People in the position must control false information from spreading out so as not to trigger panic and unnecessary worry.

We need the public to be informed, to irradicate fear, and to trust that this virus will be resolved. Halt the spread with proper hygiene and sanitation which is really easy to say but hard to do for many ordinary citizens. But everyone has to do their part and that’s what this world needs now.

Important Financial Tips to Help You Cope with Uncertainty of Year 2020

January 2, 2020

So today is the first day of the year 2020, which also marks the first day in which your New Year’s Resolution will start taking place. That is, if making yearly resolutions work for you even up to the first few months of the new year.

Actually, now more than ever, it is important for us to take stock of what needs change, or at least some modifications. The Predictions for 2020 are a mix of good and bad. Taking off from what has transpired in 2019 particularly with how the environment has been reacting to climate change, predictions can be wild.

Regardless of what the year 2020 has in store, there are three important things you have to give careful attention to: Health, Assets and Borrowings

Health is Still Wealth

Keeping yourself healthy and full of stamina is very important especially if you are anticipating hard times ahead. Actually, food to be nutritious, does not have to cost much.

Remember, people from third-world developing countries have fewer choices of food; but the natural limitations do not make them less healthy or more susceptible to diseases. What is important is to eat balanced meals and to live a healthy, active lifestyle.

Make an Inventory of Your Assets

Determine the kind of assets you have, so you will know if you have something reliable to use as fall back in case of emergency.

Now if you have accumulated assets that do not appreciate in value, e.g. clothes, shoes, bags, video games, books and the like, consider selling some of them at eBay, Amazon or the FB market place . That way you can convert their value into cash that you can set aside for emergency situations. While in storage, make sure they are not exposed or stored in conditions that can bring on molds or mildew.

Control Your Payables and Avoid Taking Out Additional Loans

Keep your borrowings or payables under control by paying on time. Delayed or default payments only increase the amount due. Moreover, avoid making additional purchases on credi,t as doing so only increases the money that will be drawn from your future income. If that will always be the case, the smaller the buying power of your income, especially if it has been stagnant for quite some time.

Use Your Insurance As An Investment, Get More Out Of Your Money

December 16, 2019

Insurance is not only for your protection but also as an investment. Get a good insurance consultant to ensure that you don’t get lost in the small print of the providers on the insurance market and that your premium payments really pay off for you. It is important for you to know in advance which insurance and financial investments you need. Sounds easy?

If you take a closer look, you will quickly notice that insurance providers do not always make it easy for you. On the other hand, an insurance consultant will make sure that you avoid unnecessary costs and that you are ideally protected for your personal situation – today AND in the future. So make full use of your options! And keep in mind that the right insurance is not only for your protection, but is also a good investment. An investment for your future.

Which insurance policies are a must?

Not every insurance offered on the market is a must or suitable for you. For instance, final expense insurance may be good for one but not for the other. In the same manner that student insurance is not applicable to all. You also have to make sure that you don’t “over-insure” yourself by taking only the products that offer you the most benefit.

You can only do this by talking to a seasoned and trusted consultant. While consultants are not always easy to find, you can find it easier to locate them through your closest of kin. Highly tested and recommended consultants are the go-to so that you get the best value for money with your insurance packages. You can tailor your insurance according to the protection you need and even use it as an investment for your future.

The optimal insurance – all-round protection and a good investment.

Get a good investment from offered all-round insurance. An insurance consultant can tell you which insurance provider offers the best all-round protection and investment regardless if you are self-employed or an employee if you are unable to work for a long period of time, there will be high loss of earnings that can threaten your existence. Because generally, the general cost of living continues. If you are also one of the millions of citizens who do not hoard a family treasure, take precautions so that you do not have to rely on the minimum state disability pension if the worst comes to the worst.

My house. My car. My dog. Protect your belongings and your wallet.

Depending on your lifestyle and existing property, you must and should take out certain property insurance policies. After all, it’s about not only getting your own laptop replaced but protecting yourself from high claims for damages. At the top is private liability insurance. Some insurance policies are also required by law. For example, if you own a car or a dog.

All-round coverage with the right insurance and at the same time building up assets.

You will notice that if you invest in the right insurance for your life situation and your requirements, you will enjoy optimal protection in the event of damage, at the same time you will invest in the good old-age provision and ensure the security of your family. Find out which insurance policy you are well advised with. Simply find the best insurance consultants in your area to match you with the right insurance for your needs.

Understanding Pre-Settlement Funding For Your Case

November 7, 2019