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All too often, the answer is yes Reviewed by Marguerita ChengFact checked by Betsy Petrick Does a divorce decree override a named beneficiary? The quick answer is no. Divorce does not usually change a beneficiary designation unless the divorce decree includes a stipulation to change it. Individual retirement accounts (IRAs) work the same way. Unfortunately,

Fact checked by Ryan Eichler Ethereum’s update in September 2022 was called the Merge. In this update, among other issues, developers integrated the long-anticipated transition to proof-of-stake, significantly reducing the blockchain’s energy requirement. The new Ethereum chain (called Ethereum 2.0 until the Ethereum Foundation requested that it not be) reduced energy use and promised faster

Photographer is my life. / Getty Images Fact checked by Amanda JacksonReviewed by Somer Anderson The covered call is a strategy employed by both new and experienced traders. Because it is a limited risk strategy, it is often used in lieu of writing calls “naked” and, therefore, brokerage firms do not place as many restrictions on the

They’re safe and predictable—but not for everybody Reviewed by Eric EstevezFact checked by Vikki Velasquez There are lots of reasons why you might want to consider a Roth individual retirement account (Roth IRA) certificate of deposit (CD). For example, you may be planning to tap into your Roth soon, or you already may depend on

Yes, but only if you follow very specific IRS rules Reviewed by Ebony HowardFact checked by Vikki Velasquez Even though individual retirement account (IRA) money is meant to be held until you retire, borrowing from the account isn’t out of the question. In particular, it is possible to make a withdrawal from your Roth IRA

One is less expensive, the other provides more legal protections. Here’s how to decide Fact checked by Vikki VelasquezReviewed by JeFreda R. Brown Sole Proprietorship vs. LLC: An Overview One of the first decisions anyone going into business today needs to make is how to structure their company. The structure they choose can have a

A Look At CFA Job Opportunities While 22% of chartered financial analysts work as portfolio managers, 16% are research analysts and 7% are chief executives, the majority – 55% — of CFA job titles fall into the “other” category, demonstrating just how diversified the options can be after earning the designation.Some of these other career

It can be done, but there are much better alternatives Reviewed by Margaret JamesFact checked by Betsy Petrick You feel like you’re drowning in credit card debt. You can’t squeeze anything more out of your paycheck, but you may have a tidy sum sitting in an individual retirement account (IRA). Sure, those funds are supposed

Down Payment A down payment is an initial cash payment on an expensive good. If you make a larger down payment, you will have a smaller mortgage and monthly payment. Down payments can prove that you are serious about buying a home, for example. Watch this video to learn more about down payments. Reviewed by

They are known for their ease and convenience, but there are pitfalls Reviewed by Margaret James If you’re a small business owner, you’ve probably received numerous offers and applications for a small business credit card. These cards can be a convenient way to increase your company’s purchasing power but should be used with caution. Key Takeaways

Fact checked by Vikki VelasquezReviewed by Samantha Silberstein What Is a Merchant Service? A merchant service is any one of a group of services that businesses can use to accept and process electronic payments from their customers. Merchant services facilitate these transactions and may involve a combination of point-of-sale systems, credit card readers, payment gateways,

Funding options for formerly incarcerated individuals Fact checked by Vikki VelasquezReviewed by David Kindness People who have been convicted of a felony in the U.S. can own and run a business, but there are challenges in doing so, including access to capital and overcoming prejudice against having been incarcerated. However, small business grants and loans,

If you’re an estate planner—or need one—learn about these certifications Reviewed by Margaret JamesFact checked by Vikki Velasquez Estate planning involves the provision of a set of legal, financial, and accounting advisory services to help clients transfer their assets to heirs in a tax-efficient way. There are a number of estate planning certifications available to

Learn which rare situations merit tapping your retirement funds Reviewed by David Kindness Paying off debt with money from your 401(k) plan can make sense in some cases. But you’ll also be reducing your retirement savings, so it’s worth weighing the pros and cons, as well as considering some alternatives that may be preferable. Key