Investing
PCOXX Money Market Fund: Yield, Fees, Minimums and Risks
The PCOXX money market fund is the Wealth share class of the Federated Hermes Prime Cash Obligations Fund. It is designed to earn income…
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Financial Planning
Trust Protector: Role, Powers and When You Might Need One
Clear powers. Defined responsibilities. A trust built for change. A trust protector is a person or organization given specific authority over a trust, such…
Investing
What Is a Stock Warrant? How It Works, Examples and Risks
Understand the right to buy before paying for the opportunity. A stock warrant gives its holder the right, but not the obligation, to buy…
Homeowners Insurance
Extended Replacement Cost: How Extra Home Coverage Works
Plan for rebuilding costs beyond the estimate. Extended replacement cost is additional dwelling coverage that can pay above your home insurance policy's stated limit…
Financial Planning
Mortgage Curtailment: How Extra Principal Payments Work
Reduce the balance. Understand what changes—and what stays due. Mortgage curtailment means reducing your mortgage's unpaid principal with an additional payment. It can be…
Budgeting & Saving
Cash Budget: How to Prepare One With a Simple Example
Plan the timing. Keep cash available when bills come due. A cash budget estimates the money a business expects to receive and pay during…
Investing
Stock Appreciation Rights: How They Work, Examples and Risks
Understand your award. Plan for the payout. Stock appreciation rights (SARs) are an employee benefit that can pay you for an increase in your…
Homeowners Insurance
Homeowners Insurance Cancelled Because of Your Roof? What to Do Next
Protect your coverage. Resolve the roof issue before the deadline. If your homeowners insurance is cancelled because of your roof, start with the date…
Investing
401(k) Rule of 55: Eligibility, Taxes and Withdrawal Rules
Retire earlier. Check the rules before moving your money. The 401(k) Rule of 55 can let you take withdrawals from a qualifying employer retirement…
Investing
Buy Borrow Die Strategy: How It Works and Its Risks
The buy borrow die strategy describes a way to keep appreciated assets, borrow against them for cash, and eventually pass qualifying assets to heirs.…
Financial Planning
Probate Bond: Requirements, Costs and Waivers
A probate bond is a financial guarantee that helps protect an estate’s heirs and creditors if its court-appointed representative fails to carry out required…
Insurance
Insurance Appraisal: How the Claim Dispute Process Works
Insurance appraisal is a process that can help resolve a disagreement about the dollar amount of a property insurance loss. If your insurer’s estimate…