What is a SEP IRA plan?
A SEP IRA reads like a mess of letters, and spelling it out doesn’t necessarily help: The first part stands for simplified employee pension; the second for individual retirement account. Translation: It’s a retirement account for business owners and self-employed individuals. Who can open a…
Cross Collateralization Issues
Credit Unions try to market themselves as the home town alternative to big national banks. Oftentimes they will claim that the money you deposit in the home town credit union will be used right there in the community where you live. This makes you feel…
Garnishments: How They Work and How to Stop Them
Virginia has some of the most pro-creditor laws in the nation. In Virginia, your creditor may garnish your paycheck, garnish your bank account, place liens on your property and serve you with a Summons to Answer Interrogatories. Of these creditor remedies, the wage garnishment is…
Bitcoin falls below $10,000
The price of bitcoin has fallen back below $10,000, down 30% from last week’s peak of nearly $14,000. Continuing its wild ride, the digital currency dropped to $9,717 on Tuesday, down 8.1% on the day. Last Wednesday, the cryptocurrency shot up to $13,879, breaking through…
Account Management
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