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What's the Payoff?

When you buy a share in a mutual fund, you're buying both a share in an investment company and a service from that company (or more accurately, the management company that sponsors it). The…

Glossary of Financial Terms

Adjusted gross income Amount of income that is subject to federal income tax. In addition to any other tax credits, contributions to IRAs and 401(k) plans are subtracted from the total. Aggressive…

Cracking the Credit Code

Glossary of Credit TermsSource: The Federal Reserve Board. Web: http://www.federalreserve.gov/pubs/shop/ .Annual feeA flat yearly charge similar to a membership fee.Annual percentage rate (APR)A…

Financial Documents You Should Have

Financial advisers recommend that your long-term financial plan include the following: Wills A will states how you want your property disposed of after your death. Having a will saves time…

To obtain your credit report

Source: Federal Reserve Bank of Philadelphia. Web: www.phil.frb.org/consumers/creditreport.html. Just about everyone uses credit, whether it is for car, student, or bank loans; mortgages; or credit…

Six Warning Signs of a Financial Problem

The Federal Deposit Insurance Corporation offers the following guidelines to evaluate whether you are facing significant financial difficulties.Loan payments, excluding mortgages, but…

Create Your Own Financial Plan

Source: Federal Reserve Bank of Dallas, Web: www.dallasfed.org/htm/wealth/intro.html .Determine Your Net Worth Add up the value of all your assets, including bank accounts, stocks and bonds,…

How to Right a Wrong

Source: Federal Trade Commission (FTC) Most companies want to make you happy so you’ll come back and recommend them to your friends. But when you find a company that’s not making the grade,…