PeerFinance101

There isn’t as much guidance or tutorial help in the blog library as there is with TurboTax though you could probably use the free blog resources on TurboTax to answer any questions you have while paying the cheaper price for TaxAct. While the TaxAct menu of tax tools includes some good resources like a tax bracket calculator and two health care tax calculators, TurboTax wins out in the TaxAct vs TurboTax resources battle. Both tax software sites offer several price and refund guarantees but how do the TaxAct vs Turbotax guarantees match up? If you use the free edition to file your federal income taxes, TaxAct will refund you $4.99 while TurboTax promises a payment of $14.99 plus a refund of how much you paid for the state income tax software.

Infinite banking is all about utilizing high cash value whole life insurance to become your own banker and manage your own financial outcomes with a liquid, safe investment strategy. Whole life policies are more expensive than term life insurance, usually several thousand more a month than term life • For example, monthly premiums for a whole life policy are often from $1,500 to $3,000 more compared to a term life policy with the same benefit. Whole Life Insurance is an Awful Investment Many radio entertainers claim that whole life insurance is a bad investment.

Information like what’s on the average credit report, some credit report misconceptions and what kind of credit score do you need to get the best rates. Some lenders will report your information to all three credit report agencies while others report to only one. I’ve put together a detailed credit score guide in another post but basically, a history of on-time payments on your credit report increases your score while bad marks on your report will decrease it. I took borrower information from Lending Club loans, which includes credit report data, to see what the average credit report looks like in America.

Make sure you watch for all seven though because it’s really that entire portfolio that’s going to create those consistent cash payments. So I first screened for stocks with a cash yield of 3% or higher and I included a share buyback program in the cash yield because that’s also a return of cash to shareholders. Johnson & Johnson only pays a 2.7% dividend yield but returned more than $5.8 billion to investors through the share buyback last year for a total 4.3% cash yield. The company paid out another $72 billion, almost 9% of the market cap, to buyback its own shares and it still has over $66 billion in cash sitting on the balance sheet.