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What happens to my 401k when I go back to India?

What happens to my 401k if I move back to India? On moving back to India, you can let your 401k be as it is till you turn 59 and a half (59½). Post that, ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do trusts and foundations get money?

Private trusts and foundations generate funding from private income, usually raised through investments. They then donate interest to charitable organizat...

What does a 4% mortgage rate mean?

Example: A lender quotes you a 4% fixed mortgage rate on a $200,000 loan. This means you’ll pay 4% of your loan balance every year until you sell the home...

What entity is a non-profit?

Non-profit organizations include churches, public schools, public charities, public clinics and hospitals, political organizations, legal aid societies, v...

Do Tax Exempt Organizations Receive 1099s?

If the organization is nonprofit and exempt from taxes, then certain procedures are followed. Individuals making less than a specified threshold may be ex...

How do you apply for CPP at age 60?

You must be at least one month past your 59th birthday to start your pension early at age 60. You’ll need to provide your Social Insurance Number (SIN) an...

What happens in a 2 for 1 stock split?

A 2-for-1 stock split grants you two shares for every one share of a company you own. If you had 100 shares of a company that has decided to split its sto...

Can one person qualify for a mortgage?

Applying for a loan solo does not need to affect ownership of the home. All borrowers on the mortgage application typically must be on title as an owner. ...

What does mixed mean on credit report?

A mixed credit file occurs when information belonging to more than one person is unintentionally combined in a credit bureau’s database. This can result i...

Can I get a Chase credit card with 700 credit score?

Most Chase credit cards are intended for consumers with good to excellent credit scores. That means you should have a FICO® Score of 670 or higher when yo...