All posts in "Personal Finance"
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Definition of covered earnings

By Mark Holland / 12 hours ago

What are covered earnings? Covered income refers to the total amount of an employee’s pay that counts in calculating retirement benefits. Generally, the majority of covered earnings comes from an employee’s base salary, although other types of compensation are also occasionally included. In the US, the Social Security Administration uses covered income to determine Social […]

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What is the minimum amount of money I can invest in a mutual fund?

By Mark Holland / 13 hours ago

Some mutual funds allow investors to buy without a minimum, which means that even $ 5, $ 10, or $ 100 can make you invest. Although mutual funds exist with no minimums, most retail mutual funds require a minimum initial investment of between $ 500 and $ 5,000, and institutional-class funds and hedge funds require […]

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Definition of real gross domestic product (real GDP)

By Mark Holland / 14 hours ago

What is real gross domestic product (real GDP)? Real gross domestic product (real GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year (expressed in base year prices) and is often referred to as GDP at constant prices. GDP corrected for inflation or […]

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6 Things You Should Buy Now for the Holidays

By Mark Holland / 14 hours ago

RapunzielStock / Shutterstock.com Early holiday shopping is often to your advantage — thanks to the savings and peace of mind you got it all done — but that’s especially the case this year, as some products might not be available anymore by the traditional start of the shopping season. Because of the ongoing strain of […]

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Definition of letter of credit

By Mark Holland / 15 hours ago

What is a letter of credit? A letter of credit, or “letter of credit,” is a letter from a bank that guarantees that a buyer’s payment to a seller will be received on time and in the correct amount. In the event that the buyer cannot make the payment for the purchase, the bank must […]

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7 Tips for Planning Your Dream Retirement Overseas

By Mark Holland / 15 hours ago

Phovoir / Shutterstock.com Whether heading for a beachside paradise or Old World city, you have much to do when planning your perfect overseas retirement. “Picking the place can be a lot of fun, but not so much are the nitty-gritty details,” says Kathleen Peddicord, Live and Invest Overseas publisher who’s been offering advice to American […]

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Refund Trigger Definition

By Mark Holland / 15 hours ago

What is a recast activator? A consolidated trigger is a clause in a loan agreement that triggers an unscheduled modification of the loan’s remaining repayment schedule, such as your payment schedule, if certain conditions are met. Key takeaways A consolidated trigger is a provision in a loan agreement that can result in an unscheduled modification […]

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