by Leif Jensen | Feb 3, 2020 | Investing |
The beginning age for taking required minimum distributions rises to 72 from 70½. This easing applies to account owners who turn 70½ after 2019. So, if you turned 70½ in 2019, you must still take your first RMD by April 1, 2020. Employees who work past age 72 can...
by Leif Jensen | Jan 29, 2020 | General, Money Management |
I have no idea why lately I have been intrigued with businesses that focus on targeting low income people. I know that I have seen a commercial recently that was advertising payday loans. I guess this piqued my curiosity that it was a profitable enough industry to...
by Leif Jensen | Jan 28, 2020 | Franchises, Retail, Running a Business |
Cricket is a strange player in the cell phone market. Before the purchase by AT&T, I met with an owner of three Cricket locations. This gentleman owned a dozen or so franchises of different sorts and was thinking of hiring a CPS firm to handle the bookkeeping...
by Leif Jensen | Jan 27, 2020 | Money Management, Running a Business |
A payday loan is a type of short-term borrowing where a lender will extend high-interest credit based on a borrower’s income and credit profile. A payday loan’s principal is typically a portion of a borrower’s next paycheck. … These loans are...
by Leif Jensen | Jan 22, 2020 | General, Money Management, Running a Business |
“Banks and credit unions have become so sophisticated in driving up overdrafts that Americans now pay more in overdraft fees every year than they do for books, cereal, or fresh vegetables,” according to the Center for Responsible Lending senior researcher...
