Insurance is such a presence in our everyday lives that it’s hard to imagine a time without it. But throughout much of our colonial period, that’s just what Americans did. Insurance arrived on the American landscape just about the same time the idea of a single nation—the United States—began to form, and it was ushered in by one of the country’s Founding Fathers. Let’s take a look at the history of insurance in the U.S.
AutoZone, Inc. (AZO) shares rose nearly 7% during Tuesday’s session after the company reported better-than-expected first quarter financial results. The stock has more than doubled since July 2017, and CEO William Rhodes believes that the company will see sales growth moving forward at a rate that is higher than historical levels.
Revenue rose 5.7% to $2.79 billion, beating consensus estimates by $20 million, and earnings per…
What Is a Lost Policy Release (LPR)?
A lost policy release (LPR) is a statement releasing an insurance company from its liabilities. A lost policy release is signed by the insured party and signifies that the policy in question has been lost or destroyed or is being retained.
Historically, an insured party that wanted to cancel an insurance policy would have to produce the original insurance documents that the…
Scott Bishop, CPA, PFS, CFP®
STA Wealth Management, LLC, Houston, TX
For investors who want to use complex investing strategies, ETFs are sometimes the only way to access such strategies in a Roth IRA. For instance, selling stocks short in a Roth IRA isn’t typically allowed. However, you can buy ETFs that are designed to move in the opposite direction as a stock market index or other benchmarks. These inverse (or short) ETFs give…
There are very few slam dunks in retirement planning, but choosing an individual 401(k)—also known as a one-participant 401(k) or solo 401(k)—over a SEP IRA can be one of them. If you are a sole proprietor and want to maximize your retirement contributions with the lowest cost and highest flexibility, check out these five reasons why an individual 401(k) may be right for you.
- You can contribute more to an…
Stocks closed slightly lower after last week’s rebounding price action. The S&P 500 (SPX), the Nasdaq 100 (NDX), and the Dow Jones Industrial Average (DJX) all closed more than one-third of a percent lower, while the Russell 2000 (RUT) was lower by only 0.2%, setting up the possibility that opportunistic investors are hanging around and shopping for investment bargains.
Market analysts and fund managers are…
Timing Your Application
Applications for Social Security benefits can only be processed a maximum of four months before benefits are scheduled to begin. Thus, the earliest you can apply is age 61 and nine months, and you can expect to receive your first payment four months later—the month after your birthday. However, benefit payments come after each full month of eligibility.
- For social security…
What Are Homemade Dividends?
Homemade dividends are a form of investment income generated from the sale of a portion of an individual’s investment portfolio. These assets differ from the traditional dividends that a company’s board of directors distributes to certain classes of shareholders.
- Homemade dividends signify a category of investment income that results from the partial sale of an investor’s…
You can pay your credit card bill by cash or check in any Best Buy store. You also can pay online, by phone, or by mail.
For the uninitiated, the Best Buy credit card has some attractive features for consumers who regularly make purchases in the stores or online.
Types of Cards and Rewards
Best Buy has two types of credit cards, the My Best Buy credit card and the My Best Buy Visa card. Both cards offer a cash-back…
What Is the Profitability Index (PI) Rule?
The profitability index rule is a decision-making exercise that helps evaluate whether to proceed with a project. The index itself is a calculation of the potential profit of the proposed project. The rule is that a profitability index or ratio greater than 1 indicates that the project should proceed. A profitability index or ratio below 1 indicates that the project should be…