by Leif Jensen | Feb 4, 2020 | Estate Planning, Money Management |
There is now a tightening on the distribution timeline for inherited IRAs and workplace retirement accounts. Many need to be cleaned out within 10 years of the death of the IRA owner or 401(k) participant. The exceptions allow payouts over the beneficiary’s life...
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 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...
by Leif Jensen | Dec 9, 2019 | General, Investing, Money Management, Rant |
There is a whole cottage industry running to show you how to do just that; books, articles, webinars, seminars. You name it there is someone trying to sell you their plan to help make you a millionaire. Most of it is bullshit, there is no magic elixir that will get...
by Leif Jensen | Dec 3, 2019 | Money Management |
How old were you when you were truly financially independent? I was married and we owned our own place at 24. But when we moved from the Townhouse to a house, we received some assistance. We received more assistance when I lost my job shortly after moving into the...
