Free and low-cost tools to get the cash you need

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Free and low-cost tools to get the cash you need

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Purchasing a home is a major milestone, but it can also be an intimidating process. It’s not as complicated or scary, however, when you know what lenders expect, and when you understand the requirements for a mortgage. So, what do you need to qualify for a home loan? Here’s how a lender decides if you’re the right candidate for a mortgage. Documents Needed for Mortgage Application Getting approved for a mortgage involves more than completing a home loan application and providing details about your employment and income. Lenders must verify all information listed on your application, so be prepared to provide a stack of supporting documentation. For example: 1. Paycheck Stubs You’ll need to hand over your paycheck stubs for the past 30 to 60 days. This is proof that you’re currently employed, plus your stubs contain details about take-home pay which helps your lender calculate how much you can...
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If you currently use the robo-advisor, Wealthfront, and you want to cash out your investments, you might be wondering what the Wealthfront withdrawal fee is. This article covers the ins and outs of withdrawal fees, penalties and how long it takes to withdraw funds from Wealthfront. Wealthfront’s fee structure is relatively straightforward. In short, Wealthfront doesn’t charge any fees at all for withdrawing funds, as long as you take out a minimum of $250 each time and you always have at least $500 in your account. You can withdraw funds as frequently as you like, providing you adhere to these requirements. Wealthfront withdrawal tax When you request a withdrawal, Wealthfront has to sell some of your investments to release the funds. If some investments sell at a profit, then you would have a tax liability on these. However, Wealthfront aims to minimize your tax liability by selling investments that have...
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Two of the leading companies in the robo-advisor industry are Betterment and Wealthfront. Both offer an automated investment service with a low annual management fee starting from just 0.25%, but there are some critical differences between them. This article explores Wealthfront vs Betterment performance as well as highlighting the main points to know about each platform. Wealthfront review To invest via Wealthfront, you’ll need to complete a short questionnaire based around your investment goals and attitude to risk. Wealthfront then recommends a portfolio of low-cost ETFs to suit your needs. Up to eleven asset classes are used for portfolio construction. Wealthfront favors a passive approach to investing, so once your portfolio is set up, you can sit back and relax, while your money is invested on auto-pilot. You can adjust your portfolio if you wish, but Wealthfront’s software will automatically rebalance your portfolio when needed. Tax-loss harvesting is available free...
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With more than $10 billion in assets under management, Wealthfront is one of the most popular robo-advisors around at the moment, thanks to its straightforward and competitive advisory fee of 0.25% and comprehensive financial planning tools. If you’ve already signed up for an investment account with this platform but aren’t sure what your Wealthfront risk score is all about, this article should shed some light on how it impacts your portfolio. Wealthfront risk score meaning To present you with a personalized diversified portfolio based on your financial goals and attitude to risk, you’ll have been asked a range of subjective and objective risk-related questions during the sign-up process. You’ll have been assigned a risk score after Wealthfront’s sophisticated technology evaluated your answers and your recommended portfolio will be directly linked to your risk score. How does Wealthfront work out your risk score? Several elements influence your risk score. One of...
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With college tuition fees now way higher than what they were two decades ago, parents are under increasing pressure to stump up enough cash to send their kids off to their dream college. A savings vehicle to consider is a 529 plan, which can be accessed through many brokers/advisors including Wealthfront. Check out our Wealthfront 529 review below to find out what’s involved. Why is a 529 plan helpful for saving for college? During the school year 2018-2019, the average cost of tuition and fees was $9,716 for state residents at public colleges and a whopping $21,629 for out-of-state students at state schools. Multiply these figures by the length of time it takes to earn a bachelors degree (4 years), and one thing’s for sure – a college education doesn’t come cheap. A 529 is a tax-advantaged investment savings plan that offers parents the chance to sock away savings where...
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