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Can I open a 401k if I am self-employed?

Solo 401(k) plans allow you to make far higher contributions to your retirement plan than if you are an employee in an employer 401(k). Any self-employed ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Can you refinance when behind on payments?

A: The late payments make it unlikely that you can refinance. You have probably done sufficient damage to your credit score that, even if you could refina...

What are two houses on one lot called?

With a duplex, there are two units on one lot; with a twin home, there are two lots, so each owner has their own lot or plot of land. How can I sell my pr...

What are the two elements of income statement?

Elements of the Income Statement The income statement consists of revenues (money received from the sale of products and services, before expenses are tak...

What is recorded in the general journal?

A general journal is the first place where data is recorded, and every page in the item features dividing columns for dates, serial numbers, as well as de...

What are assets that generate income?

Earning assets include stocks, bonds, income from rental property, certificates of deposit (CDs) and other interest or dividend earning accounts or instru...

Can my employer change my working time?

An employment contract can only be varied if there is agreement or if the terms allow it. If your contract is clear and says that your employer can make t...

Can you lose your house down payment?

WHAT HAPPENS TO YOUR DOWN PAYMENT IF YOU DECIDE NOT TO BUY? Sometimes, even after you and the seller sign a contract, the deal falls apart before closing,...

What is petty cash in banks?

Petty cash is a nominal sum which is preserved in hand to cover minor expenses, such as reimbursements or other office-related expenses. Like other funds,...

What is the lowest credit score anyone can have?

300 The FICO® Score☉ , which is the most widely used scoring model, falls in a range that goes up to 850. The lowest credit score in this range is 300. Bu...