The Daily Horizon

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How much savings should a 43 year old have?

By 40, you should have three times your salary saved. By 50, you should have six times your salary saved. By 60, you should have eight times your salary s...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Can Bill Collectors Take your IRA?

Regardless of how much cash you’ve socked away in your IRA or 401(k), your retirement accounts are exempt from commercial creditors, such as banks and cre...

Why are banks stopping HELOCs?

Homeowners in the market for a home-equity line of credit, which is a revolving line of credit secured by a mortgage, might find them difficult to come by...

How does contract accounting work?

Contractor accountants usually operate on a fixed fee basis with no extra charges. Having a single fixed fee payment for accountancy each month is benefic...

What happens during divorce proceedings?

When you file for divorce, the court allows you to ask the court for temporary court orders for child custody, child support, and spousal support. When yo...

Is there a maximum balance for an HSA account?

You can only open and contribute to a HSA if you have a qualifying high-deductible health plan. For 2020, the maximum contribution amounts are $3,550 for ...

Are there penalties for rolling over a 401k?

There is usually no transfer fee charged when you roll over your 401(k) into a new tax-advantaged retirement account. Account fees for your new account mi...

Is PE ratio good indicator?

A higher P/E ratio shows that investors are willing to pay a higher share price today because of growth expectations in the future. The high multiple indi...

Should I pay off credit card before divorce?

If you have any joint debt with your spouse and you can afford to, we highly recommend paying off all marital debt, even before you draw up the divorce pa...

What can you do with 500k inheritance?

How to Invest an Inheritance Good Growth Stock Mutual Funds. Invest in good growth stock mutual funds through an individual or joint taxable brokerage acc...