How many months should you build your emergency fund to in case you lose your job?
An emergency fund is designed to protect you from common worst-case financial scenarios, such as a job loss. For many, three to six months’ worth of expen...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
How do I collect a debt in small claims court?
Ask the court for help. Do not use illegal ways to collect your money. The debtor may be protected from abusive or unfair ways to collect the debt. Encour...
Read More →How is your tax bracket calculated?
To calculate how much you owe in taxes, start with the lowest bracket. Multiply the rate by the maximum amount of income for that bracket. Repeat that ste...
Read More →Can I withdraw from my 401k if I have cancer?
It is also important to know that with ROTH IRAs, you can always withdraw the money you’ve contributed (not the interest earned) tax free and penalty free...
Read More →What happens if you delay retirement to age 70?
When you reach age 70, your monthly benefit stops increasing even if you continue to delay taking benefits. If you decide to delay your retirement, be sur...
Read More →Can my wife get a US passport?
You don’t have to wait until you’ve had a green card for five years to apply for citizenship through the process known as naturalization. Assuming you sta...
Read More →Where can I donate expired medication?
Dubai residents should drop off any expired or unused medicines at Dubai Health Authority (DHA) pharmacies from where it will either be disposed of safely...
Read More →What is considered like-kind in a 1031 exchange?
Like-kind properties are real estate assets of a similar nature that can be exchanged without incurring any tax liability under Section 1031 of the Intern...
Read More →How do I claim Fortis rebate?
To apply for this rebate, just buy your chosen water heater, hire a professional contractor to install it, download the application form, and send it with...
Read More →Is hidden unemployment included in the unemployment rate?
Hidden unemployment occurs when people are not counted as unemployed in the formal ABS labour market statistics, but would probably work if they had the c...
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