Posts by Jennifer Stinnett
Retirement
How Nonqualified Deferred Compensation (NQDC) Plans Work
A nonqualified deferred compensation (NQDC) plan is an arrangement that an employer and employee agree to where the employer accepts to pay the employee sometime in the future. Executives often utilize NQDC plans to defer income taxes on their earnings. They differ… read more…
Taxes
All About IRS Form 1040X
Did you make a mistake on your income tax return? Don’t sweat it – it happens. Whether you forgot about a tax deduction or credit or you need to include additional sources of income, you can fix those errors by… read more…
Taxes
What Is a Net Operating Loss (NOL)?
Many businesses don’t make any money, particularly during their first year of operation. When this happens, the IRS provides business owners with some tax relief in the form of something called a net operating loss (NOL). What follows is a… read more…
Credit Cards
How Your Credit Card Utilization Can Affect Your Score
Credit scoring models take multiple factors into account when assessing your credit risk. The FICO® scoring model, for example, looks at your payment history and your credit mix. Another important factor that it considers is your credit card utilization rate.… read more…
Investing
What Is Beyonce’s Net Worth?
Beyonce’s net worth is an estimated $265 million in 2016. Beyonce is an icon known for her electrifying performances and her empowering lyrics. At 35, she’s one of the youngest people on Forbes’ 2016 list of America’s Richest Self-Made Women. Read… read more…
Investing
What Is Drake’s Net Worth?
Drake’s net worth is an estimated $60 million as of May 2016. The Canadian actor-turned-rapper’s annual earnings have risen, going from a reported $10 million in 2010 to $39.5 million in 2015. Today, he’s one of the wealthiest hip-hop artists. Here’s… read more…
Investing
What Is Kanye West’s Net Worth?
Kanye West’s net worth is an estimated $145 million. West is one of the most polarizing figures in entertainment today. The outspoken rapper knows how to keep fans guessing with his unpredictable behavior. While we don’t know what he’ll do next,… read more…
Credit Score
What You Should Know About Credit Scoring Models
If you’re a little confused about how credit scores are calculated, you’re definitely not alone. Credit scoring models can be difficult to interpret, which isn’t very helpful when you’re trying to improve your credit. But don’t worry – we’re here to help. We’ll dive into what you need to know about two popular credit scoring… read more…
Investing
What Does the World Trade Organization Do?
Although the World Trade Organization (WTO) affects all of us, many people aren’t very familiar with it. You might remember hearing about it over the years since its beginnings in 1995. If you had no idea that it exists, don’t worry. We’ll explain what the organization does and discuss what critics have to say about it.… read more…
Investing
How a Presidential Election Year Can Impact the Economy
Each election year, many of us feel uncertain about the new personnel and policy changes that could be in store for our country. If there’s one thing we all can agree on, it’s that the presidential race is often filled with surprises. Election years can bring economic surprises as well. Here’s a look at how presidential… read more…