For example, a parent might own shares in a blue-chip stock and want to eventually give those shares to their child, so they specify this in their will. After the parent passes away, the child receives these shares, which would make those shares inherited stock. Transferring assets from one person to another can have varying tax consequences, which is what makes inherited stock differ from gifted stock and other types of transfers....

For example, a lender might make a limited recourse loan to a business to finance a specific project. The loan agreement could specify that if the debt isn’t paid, the lender is entitled to seize revenue and proceeds from that one project only. The lender would be able to take money earned through the financed project but not revenue earned from other business operations. Limited recourse debt is just one category of debt:...

Here’s how this works with the basics on Social Security claiming ages from 60 to 70. Social Security Retirement Age 60: If You Are a Widow/Widower If you are a widow or widower, you can receive Social Security retirement benefits as early as 60. If you have not reached your full retirement age, and you are still working and earn more than the earnings limit, your benefits will be reduced....

Unlike other consensus protocols such as proof of work, where power-hungry computers worldwide compete to validate the next group of transactions, known as a block. With proof of stake, computers work together to decide which node (computer) validates the next block. Network members with a certain stake in the cryptocurrency are randomly chosen to create new blocks and validate new transactions. These members are then rewarded for their work. Those with a larger stake—a larger amount of the currency held in a wallet—have higher chances of being selected to validate a block and earn the transaction fee....

Alternate name: Capital gains, realized income For example, say you paid $200 for 10 shares of a company, then those shares rise in value from $20 per share to $30 per share. You then sell your stock for a total of $300. In this case, your realized gain would be $100 ($300 − $200 = $100). How Realized Profit Works Realized profit is a simple but important concept in investing. It’s the money you earn and keep, after expenses, from an investment....

How Do You Calculate Return on Investment? The most basic formula for calculating return on investment is: When it comes to determining ROI on an investment, things get a bit more complicated. That’s because ROI in investing often involves trying to capture the value of money over time. Depending on your needs, there are some formulas that can help give you an idea of whether your investments are paying off. Some are more complex than others, but none is beyond the reach of the average person with a calculator....

Not making your payments and defaulting on student loans could wreak havoc on your credit score and potentially trigger other negative financial impacts. Learn the pros and cons of forbearance to decide whether it is right for you. What Is Student Loan Forbearance? Student loan forbearance is the temporary suspension or reduction of student loan payments. During a forbearance period, you’re not required to pay anything toward the principal on your student loans....

The technology sector is a highly concentrated sector. In fact, more than half of the sector’s value is held by just a few companies, including behemoths Apple (AAPL) and Microsoft (MSFT). This sector makes up 27.9% of the S&P 500, the largest share. Other large companies in the technology sector include: Google (GOOGL, GOOG)Meta (FB), formerly FacebookTesla (TSLA)Alibaba (BABA)PayPal (PYPL)Adobe (ADBE) How the Technology Sector Works Companies in the technology sector focus on developing new technology related to electronic devices, both internet and cloud-based products, as well as physical products for consumers....

These taxes provide the largest revenue sources for municipalities and school district services. Learn more about how property taxes work in New York state. Why Do I Have to Pay Property Tax? In New York state, property taxes are local taxes. They are raised and spent by local governments. This money is used to finance local civic and social needs, such as: SchoolsFire and police departmentsRoad maintenanceOther local government services...

In the end, you are still held responsible for making the rest of the loan or lease payments. While gap insurance is not required by law, it can relieve financial pressure if your car is totaled or stolen. Learn more about gap insurance and how long you have to purchase the coverage after getting your new car. Should You Buy Gap Insurance? Gap insurance for new cars that are financed or leased can be bought from a few sources....

Equity Advantage One big plus of buying a home is that it’s yours. You can paint your walls any color you like. You can change the landscape, install a basketball hoop, or turn your unfinished basement into a movie theater. You can do almost anything you want with your home as long as you work within any building or zoning rules. Another major plus of owning a home is that some of your monthly mortgage payment will come back to you in the form of equity....

It’s a gutsy, ambitious move to ask for a promotion—and although it’s not always the case, you may find yourself rewarded with valuable feedback and new opportunities that will ultimately further your career. But being passed over for a promotion—particularly when you feel like you deserved it, or if someone you believe is less qualified receives one instead—can be demoralizing and discouraging. Here are some things to do after you ask for, but do not receive, a promotion....

Having too many bills is a situation that’s ripe for financial ruin. If you don’t change something soon, your money troubles will only get worse. Exhausting your income each month is one of the spending habits that can lead to debt, particularly if you’re using your credit cards to fill in gaps. Eliminating some of those bills is often the best solution. Take Inventory of Your Bills Start by making a list of all your bills....

Unless your credit card issuer states otherwise, your payment must be received by 5 p.m. on the due date, or you’ll face late payment penalties. Some credit card issuers may extend the payment cut-off time to as late as 11:59 p.m. Eastern Time under certain circumstances. Check with your credit card issuer to find out the exact time that your payment must be made. You can make your credit card payment before the due date with no penalty....

d3sign / Getty Images What Is an Inverse ETF? An inverse ETF is an index ETF that gains value when its correlating index loses value. It does so by holding assets and derivatives, like options, that are used to create profits when the underlying index falls. The Short DOW 30 ETF (DOG) profits when the Dow Jones Industrial Average goes down. The DOG’s profits are proportional to the Dow’s losses....

The Free Application for Federal Student Aid, or FAFSA, for the 2022-23 academic year goes live Friday, Oct. 1. To maximize your chances of receiving aid, you should begin filling it out as soon as possible. It’s the only way to get federal aid—loans, grants, or work-study placements—and many states and schools also use the form to determine their financial aid packages. Applications stay open until June 30 of the academic year the aid is intended for—that’s the end of June 2023 for the next school year—so technically you can apply for aid retroactively....

You might love your current role, for example, or have a great relationship with your manager and your team and want to maintain the status quo. The job might come with management responsibilities that you don’t want to take on or represent a move in the wrong direction for your career path. There’s also the possibility that taking the promotion would be the best move for your career, but you might lack confidence....

The specific statute of limitations for your debt is based on two factors: the type of debt you have—e.g. credit card or loan —and the state where you live or the state the debt was incurred. When Does the Statute of Limitations Clock Start? The statute of limitations clock starts ticking on the date of last activity on your account. Typically this is the date you last made payment, but it can also be the date you last used the account, made a promise to pay, entered a payment agreement, or even acknowledged liability for the debt....

Whether you’ve got a mountain of debt or just a few credit card balances you’d like to pay off, how and when you tackle your debt depends on your individual circumstances. Here’s how to determine which debt to pay off first. Debt by Type While all debt boils down to the money you owe, there are a few different types of debt. For instance, installment loans are lump-sum loans that you borrow and then repay in monthly installments over a few months or years....

Filing an EIN Application Most businesses need an Employer ID Number (EIN), the federal tax ID for a business. To get this number, you must submit an application on Form SS-4. You’ll need to know the name of the business, the address (you can change this later), and the legal type. You can file the EIN first before you set up the legal type, as long as you don’t wait too long to do this....