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What happens when you lend money to a LLC?

Members may limit this prerogative through the company’s operating agreement. Money a member invests in the LLC that the company need not repay is deemed ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Why is it dangerous to keep a balance on a credit card?

Carrying a balance on your credit card can be an expensive proposition, and that’s especially true if you’re using a credit card with an especially high A...

What are the steps in loan processing?

There are six distinct phases of the mortgage loan process: pre-approval, house shopping; mortgage application; loan processing; underwriting and closing....

What happens when a performance bond is called?

When a performance bond is called and the claim has been deemed valid, a surety company will sometimes find a new contractor to complete the project. Once...

Can a 87 year old get life insurance?

Yes, you can buy life insurance for seniors over 80. At 80+, whole life insurance is usually the only kind available. Most seniors at this age only need l...

What type of annuity is best for retirement?

Low-cost fixed or variable annuities are often the best option as a part of a retirement portfolio. Monthly payments will fluctuate with a variable annuit...

What does Medicare not over?

Some of the items and services Medicare doesn’t cover include: Long-term care (also called Custodial care ) Most dental care. Eye exams related to prescri...

Does it pay tax wise to get married?

The truth is that, while some couples can make a saving, a lot of married couples are no better off tax wise than they were when they were single – partic...

What is the safest way to invest money for retirement?

No investment is entirely safe, but there are five (bank savings accounts, CDs, Treasury securities, money market accounts, and fixed annuities) which are...

Can a spouse inherit a non qualified annuity?

Generally, the death of the holder (owner) of a non-qualified annuity terminates the contract and required distributions from the contract must commence u...