Examples of Financial Rules of Thumb Save at least 10-15% of your take-home income for retirement. Have at least five times your gross salary in life insu...

1878 It is frequently stated the referee’s whistle was first used in a game between Nottingham Forest and Sheffield Norfolk in 1878; however the last such...

The mortgage lender issues a 1099-C Cancellation of Debt form to your spouse for the remaining balance of the loan. Depending on your circumstances, this ...

The new law increases the bonus depreciation percentage from 50 percent to 100 percent for qualified property acquired and placed in service after Sept. 2...

Generally, land loans are more difficult to find than traditional mortgages, says Robin Kencel, a real estate agent with Greenwich, Conn. -based Compass R...

The basic difference is the number of players existing in monopoly and monopolistic competition markets. A monopoly is created by a single seller whereas ...

Generally, too much debt is a bad thing for companies and shareholders because it inhibits a company’s ability to create a cash surplus. Furthermore, high...

Generally, yes, you can deduct 401(k) contributions. Per IRS guidelines, your employer doesn’t include your pre-tax contributions in your taxable income b...

You have the right to be treated fairly by debt collectors. The Fair Debt Collection Practices Act (FDCPA) applies to personal, family, and household debt...

American Express Company, American financial corporation that primarily issues credit cards, processes payments, and provides travel-related services worl...