Insurance helps cover unexpected costs and liabilities that may incur in the future. Investing in a decent insurance policy also protects your assets, be it rental or owned. If you are a business owner and own or rent vehicles that transport goods and consumables, you must invest in commercial vehicle insurance for the following reasons. There are several monetary benefits, some that also save tax in the long run. Some of them are mentioned below: Get additional cover Your regular auto insurance may not cover all costs that arise out of accidents or personal injury involving commercial vehicles. Also, most personal auto insurance policies are not valid for liabilities accrued out of vehicles used for business purposes. This is where commercial truck insurance will provide customized, comprehensive insurance suited to your business needs. Follow regulations The law in many states requires business owners to get a commercial vehicle insurance policy. The insurance is mandatory if your business transports goods and hauls heavy-duty equipment. Even if your company provides service from a vehicle, your auto insurance policy will not cover the liabilities. Any business, partnership, or corporation that owns vehicles for commercial use must buy this additional cover. Customized coverage One of the main advantages of buying commercial insurance is that you get custom cover for specific damage, repairs, or the replacement of certain parts.

Veterans and military families can opt for refinancing offers that give homeowners an option to reduce the ongoing interest rate. VA Interest Rate Reduction Refinance Loan (IRRRL), also known as VA Streamline, is the simplest refinance option, which involves minimal paperwork and overhead costs. However, despite the substantial benefits every scheme is different, and it must be thoroughly discussed with an expert. What are the benefits of IRRRL? The interest rates will be fixed, contrarily to how they usually fluctuate depending on the market rate. Additionally, there’s the benefit of monthly payment savings once a family signs up for VA Interest Rate Reduction Refinance Loan. While the VA borrowers are entitled to 0.5 percent funding fee, that too can be waived off under certain conditions. If the veteran develops a disability due to their service, and is not compensated nor given retirement, the family surviving them are entitled to this benefit. How does IRRRL affect the year term? With the help of this VA IRRRL the term year of a loan can be adjusted. If your term loan is of 30 years, one can bring down the term to 15 years. However, the monthly payments will be increased. So, it’s recommended that one must calculate the monthly payment and the interest cost over 20 years to understand what’s a better choice.

If mortgage refinancing (mtg refi) rates today are low, many homeowners will rush to refinance their mortgages. It is quite appealing to opt for mortgage refinancing when one can secure a lower rate. This often helps in lowering monthly payments. In addition, refinancing helps pay off the mortgage quicker; some even cash out the equity on their home. Here are few reasons why one should consider mortgage refinancing: Get a lower interest rate If mtg refi rates are low, getting a mortgage refinancing makes complete sense. This is because the interest rate on the existing mortgage will get lower. There can be a saving of nearly 1 to 2 percent. With lower interest rates through refinancing, one can save money. Moreover, there will be an increase in the rate of building equity on the house. In addition, monthly payments will become lower. It is usually recommended to opt for refinancing when the interest rate can be lowered by a minimum of 2 percent. Reduce the loan term Whenever mtg refi rates fall, homeowners can take the opportunity to get a shorter loan term on an existing loan. However, there won’t be much change in the monthly payments in such cases.

Earning a few quick bucks apart from your primary source of income is always helpful. Whether for selling used items or a side hustle, the internet is brimming with websites and apps that let you make money. However, many of these are not as legitimate as they appear. So, if you want to earn cash with apps, here are the best options. Swagbucks This app has an A rating with Better Business Bureau and more than 10 million active users worldwide. It is one of the best apps that lets you earn cash quickly. Swagbucks offers $10 to new users as a welcome bonus. Besides, it is easy to use; all you need to do is watch videos, play games, or take part in search surveys, and the company will deposit the amount in your PayPal account. Swagbucks also gives you the option to redeem the money and use it as a gift card on shopping websites. Dosh If you are an avid shopper and want to earn cash with apps, Dosh is one of the best options for you. Available on both Android and iOS, Dosh lets you make money every time you use your card for shopping online or at walk-in stores.

Making money online has never been easier! The ever-expanding online world is swamped with legit opportunities that’ll help add some extra bucks to your bank from the comfort of your home. And, the best part is that you don’t always need to have certain skills or qualifications to earn money. Don’t believe us? We’ve compiled a list of trustworthy websites that can help you make money online. Try them! Swagbucks If you have a hard time trusting online survey sites, you likely haven’t tried Swagbucks. It is one of the most popular and legitimate websites that will pay you for everything from filling out surveys to watching videos to shopping online. You will receive your earnings in the form of gift cards from top retailers like Amazon and Walmart or cash back from PayPal. Upwork Interested in taking up some freelance work? Consider creating an account on Upwork. It’s the world’s largest online marketplace to find great clients and grow your independent career. Regardless of what skill you have, be it writing, video editing, software development, graphic designing, or marketing, you can find work in no time. ThredUp If you’re looking for motivation to clean up your closet, then check out ThredUp.

When we think of precious metals, gold and silver are two names that come first to the mind. Seasoned investors usually put their capital in these two metals to safeguard against the volatile stock market and inflation. Even central banks and other government entities choose to invest in precious metals. The US government is the largest investor of gold stocks in the world. But finding the best place to buy silver and gold may be difficult for beginners. Let’s take a look a the different modes of investment for these two precious metals. Exchange-traded funds (ETFs) There are many ETFs in the market. You can buy gold and silver from the stock market, just like any regular stock. Since the supply of mines is outweighed by hoarded supply in gold, its prices will only fall when hoarders sell and vice-versa. Beginners should start by looking into iShares Gold and Silver Trusts. Bullion Traditional buyers usually prefer to buy gold and silver coins in their physical form. The best place to buy silver and gold bullion coins is the US mint, or you can contact any local coin supplier. The American Eagle, Canadian Maple Leaf, and South African Krugerrand contain certain proportions of gold depending on the currency value.

A timeshare is shared ownership of a property, wherein multiple individuals own a “share” of a particular home or property in return for its access for a stipulated period, typically once a year. Investors may sometimes wish to sell their timeshare for various reasons, like the inability to pay for travel or illness. If you want a release from your timeshare ownership, you must consider a few things to sell it fast and safe. 1. Determine the value Owning a timeshare means you have essentially paid for a set number of vacation days upfront. A timeshare’s value decreases over time, unlike real estate, so it should not be purchased as an investment. Additionally, you need to have realistic expectations while reselling it. It is quite likely that the resale value will be lower than the price you paid while originally buying the timeshare. Some owners simply return their timeshares to the property managers without asking for any money, but if you wish to get back at least something, you can determine the value of a timeshare by researching the resort it is located in and checking the prices of similar timeshares currently up for sale. The valuation depends on the location, maintenance, and how long you have owned it.

A reverse mortgage allows senior homeowners to monetize the equity in their homes. The money may be used to meet financial requirements post-retirement. Such a mortgage is available to people aged 62 years and above. A reverse mortgage provides tax-free cash with no monthly installments. However, stringent guidelines and rules apply to reverse mortgage loans. The most common type of reverse mortgage is the Home Equity Conversion Mortgage (HECM) provided by the Department of Housing and Urban Development (HUD). Eligibility criteria To qualify for a HECM loan, here are the reverse mortgage eligibility criteria you need to meet: You need to be at least 62 years old. The home should be your primary residence, and you should be a resident of that property for a year or more. You should own the home, or a low balance should be outstanding on your home mortgage; the balance should be paid off before closing the HECM reverse mortgage. There should be no delinquency on the federal debt, such as income tax or student loans; however, the amount received from the reverse mortgage may be used to repay such loans. Some portion of the reverse mortgage loan amount should be set aside to meet expenses, such as property taxes, maintenance and repair costs, and insurance.

Now and then, it is recommended you revisit your portfolio and realign it with your financial goals (which may also have changed amidst the current global pandemic). A popular investment is exchange-traded funds (ETFs), which allow you to hold a basket of high dividend-paying companies. It is a hybrid of mutual funds and stocks. Here are five of the top high dividend ETF funds that you can consider for investment during 2020: Vanguard Total Stock Market ETF (VTI) The CRSP US Total Market Index is tracked by the VTF. It is representative of almost 100% of the investable market, comprising micro-cap, small, mid, and stocks. As of March 31, 2020, the SEC yield was estimated at 2.20%, and the expense ratio was 0.03%. Vanguard Dividend Appreciation ETF (VIG) This fund keeps track of the NASDAQ US Dividend Achievers Select Index, which was previously known as the Dividend Achievers Select Index and covered approximately 182 stocks. As of December 2019, the expense ratio was 0.06%, and the SEC yield for the fund was about 1.80%. Vanguard High Dividend Yield ETF (VYM) This particular fund from Vanguard monitors the FTSE High Dividend Yield Index. The fund represented about 404 stocks of companies with high dividend yields as of November 2019.

In recent times, the older saving habits have slowly been replaced by the mindset to invest. A lot of people have realized that it is a better idea to invest money into something which allows it to grow rather than just hoard it in an account. It is important to remember that all investments are subject to market risks and carrying out thorough research is crucial. If finance is not your forte, you should seek the help of a person who can advise and guide you regarding investing your money. Do the following to find the best investment advisor for you: Determine the kind of advisor you need There are some professionals who provide you with advice on how to manage your finances but are not equipped at guiding you well with your investments. If you want to have someone help you with managing your finances, then find some who can fulfill that requirement. Once you feel you have accumulated enough wealth and are ready to invest, look for one of the best investment advisors in your locality. Make sure the person you choose for the job has expertise in that specific area and is a certified professional. For instance, if you wish to invest in the stock market, find someone who is an experienced fund manager.