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The health care penalty and the reasons not to pay it

Among a lot of reasons: income-related, cultural, personal status, hardship exemptions, the first ones are very common. The mandate to own health insurance indicates that the ACA ensures that health insurance costs are kept reasonable for American families. But there are still come the cases of two exemptions from the individual mandate penalty based on low income: the first one is a case when a taxpayer’s annual income is low enough to avoid having to pay income tax and the second one is when the lowest-cost health insurance policy you can find costs more than 8 % of your total annual income of the household.

The future of digital currency

Did Bitcoin made the dollar obsolete? Will any new coin be a hero and a winner in the battle of a paper-digital money world? Preiscoin or OneCoin. Or what else? Who is responsible to answer these questions? Network marketing junkies continue to advise their friends to convert dollars into digital bits. It’s easy to answer why this advice is not fully adequate as it’s not logical. The Internet changed the entire life of people, but the way we bank is not new as it has not changed since the 15th century. And events like near-financial meltdown of 2008 or even Great Depression show us just how fragile the system is. If digital currency becomes a must-have, that it will mean than hundreds of years have already passed after XXI century.

Refinancing your home mortgage

You are probably aware that refinancing is a way to replace your old mortgage with a new one. It’s now becoming more and more popular among homeowners in terms of reducing their interest rates and even sometimes take cash out of their home equity. What are the main benefits of mortgage refinancing? The major one is reducing your interest rate. Imagine that you now pay 8% on your mortgage and there is a chance to refinance it at 5%. Why not save so much money? That’s simply one of the best ways to improve your financial situation reducing all other kinds of debts. What also can be changed during the refinancing, is terms of the mortgage. For example, if you decide to shorten the terms from 20 to 10 years, you’ll make your loan cheaper and will pay it off faster. Alternatively, you may stretch the terms and reduce your monthly payments. So, the either way has many positive sides.

How to choose money manager

That’s a pretty easy task if you know what question to ask the potential manager. How to distinguish a prospective and skilled money manager from an average one? So, if you wish your money manager to be a great help in your business, start your meeting with him with the following key questions: 1. How will you go about investing my money? 2. How do you usually get paid? 3. Who are your usual clientele? 4. How are you going to add value? Assess the answers in terms of your expectations and probably compare them with your previous manager. Don’t be afraid to interview a couple of managers, it’s always better to have a choice. Remember, if you are paying a money manager, check whether he or she is doing more than you could have done by yourself.

Introducing brokers

Great news to share with all our readers! Our company extended the services line with one more great service of Introducing broker. A small team of experienced enthusiasts now provide quality advice to investors being a must-have intermediary, who helps you deal with all future contracts. Also, they make various financial recommendations while delegating the tasks of executing trades to someone from their or another firm operating on a trading floor. Our introducing brokers along with transaction executive manager split the fees and commissions according to the earlier agreement. Introducing brokers won’t handle the actual transitions for you, but will do their best to appropriately consult you.