Monday, June 23, 2014

$200 Bonus Offer from Chase Freedom

Chase is offering new clients a $200 bonus when they open a Chase Freedom account within 3 months of account opening a spend $500. Source: Chase

Offer Details

In order to earn the $200 bonus, customers need to spend $500 in their first 3 months from account opening. There is an additional $25 bonus for adding an authorized user and making a first purchase within the same 3 month period.

This credit card offers a 5% cash back on up to $1,500 spend in bonus categories each quarter. For everything else, customers can earn a 1% cash back. Best of all, Chase checking customers are eligible for a 10% annual exclusives bonus. In addition, there is no annual fee for this credit card. Another interesting feature is the 0% APR for the first 15 billing cycles. However, in order to maintain account, one needs to make at least the minimum payments over that time, should they keep the balance. And of course, transfer fees could apply if transfering a balance from another card to this one.

For more information on this credit card deal, check out Chase promo page from this link.

Saturday, May 3, 2014

401K Plans And Divorce | What Happens To My 401K Funds If I Get Divorced?

What happens to 401K plan in the event of a divorce? In recent years, the rate of divorce for all married couples has more than doubled. Further, more than 25% of divorcing couples are more than 50 years old. That means that there is a higher percentage of people getting divorced older. And it's the older people that have more developed 401K plans. Of course that's a major concern for those considering divorce: they don't want their soon-to-be ex-spouses getting their hands of those 401K funds!

What happens to my 401K plan if I get divorced?

When a couple gets divorced; especially a couple that has accumulated significant amounts of funds in retirement accounts, investments, life insurance and more, things get very complicated. When a human union is dissolved, all assets must be considered in the final divorce settlement agreement. And in most cases, any 401K funds accumulated during the union are considered as marital property.

It also happens to be true that dividing retirement funds, like 401K plans, is a legal nightmare. The rules are many, and also complicated to understand. There are loads of potential taxation implications to consider at the same time – check out the Suncorp superannuation calculator to help plan ahead & figure out how much you will actually have when you retire. A high percentage of attorneys have no expertise in this area, and therefore are prone to making serious negotiation mistakes. With all that in mind, it makes sense to get some education about what to keep in mind concerning your 401K if you are soon divorcing.

Most courts agree that retirement funds are planned for and contributed to by both members of a married couple. It doesn't make a lot of sense that these funds would be thought of as belonging to one or the other, but not both. After all, the concept of marriage is all about joining together – and most judges are going to see your 401K monies joined together too.

Now, here's the better news. If you entered into the marriage with a given amount already accumulated in your 401K, then that amount will probably be considered as separate property. Further, in some jurisdictions, any appreciation on that original amount would be looked upon as joint property. When it comes down to it, each case must be considered separately, and of course the variables can be very numerous. The exact differentiation between what is marital property and what is separate property will only be decided by the court.

The bottom line about 401K plans and divorce:

If you have accumulated funds in a 401K plan during your marriage, and are now about to get divorced, then prepare to part with some of that funding. Whatever amount has accumulated since your marriage began will most likely be seen in court as marital property. Pension disbursements, social security, life insurance, annuities and your 401K will all have to be considered, along with any other assets in question. Divorce is an ugly monster at times; one that can leave you feeling mighty broke too...

Tuesday, February 25, 2014

$50 Sharebuilder Brokerage Bonus

Discount Broker Sharebuilder has a limited time $50 cash bonus for new customers, who open an account with the company. Check below for more details: ( Source: Sharebuilder)

New users should use Promo Code: 50TRADE

The new customer must open a new ShareBuilder Individual, Joint or Custodial account and place a trade to receive the $50 bonus offer. The account should be opened by 12/31/14. The trade should be done by February 17, 2015 using Promo Code 50TRADE.

The broker  limits one promotional award per unique Customer or custodial beneficiary. Unfortunately, this offer is not valid with IRA or Education Savings Accounts. The $50 bonus will post in your newly opened account within 7 days of your first trade. The $50 bonus is not available for withdrawal for 120 days after it is awarded to your account. Capital One ShareBuilder reserves the right to terminate this offer at any time and to refuse or recover any promotion award if Capital One ShareBuilder Inc. determines that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any term of ShareBuilder's Account Agreement has been violated.

For more information on this brokerage bonus deal, check out Sharebuilder website from this link.

Saturday, August 10, 2013

$200 Cash Bonus from Chase Checking

Chase is offering a $200 Cash Bonus to new customers who open a Chase Checking account by August 15, 2013. Check offer information below for more detail: (Source: Chase)

Offer Details

- Print this page and take it to your local Chase Branch or apply online using the coupon code below.
- Open a Chase Total CheckingSM account and set up direct deposit.
- Get $200 into your new Chase checking account within 10 business days after your first direct deposit is made.

For bank bonus deals, it is also very important to read the fine print.

Readers should understand that his offer is not available to existing Chase checking customers, or those who have had their Chase accounts closed within the past 90 days.

In order to receive the bonus you have to follow these three detailed steps:
1) Open a new Chase Total CheckingSM account, which is subject to approval;
2) Deposit $100 or more within 10 business days of account opening; AND
3) Have your direct deposit made to this account within 60 days of account opening.  The fine print specifies that a qualified direct deposit is one that comes from your paycheck, as well as pension or government benefits.

Once all the requirements are met, the cash bonus will be deposited within 10 business days.

However, it is also important to avoid paying fees. In order to avoid a $12 monthly service fee, customers need to do one of the following: ( the fee is $10 for CA, OR and WA)

Option #1: Have monthly direct deposits totaling $500 or more made to this account; OR,
Option #2: Keep the daily balance in your checking account at or above $1,500; OR,
Option #3: Keep an average daily balance of $5,000 or more in any combination of qualifying Chase checking, savings and other balances.

For more information on this bank bonus deal, check out Chase promo page from this link.

Monday, August 5, 2013

How to Manage Your Finances as a Small Business Owner

As a small business owner, I have many responsibilities. The main ones are obviously managing the business, and making sure that customers are taken care of. Customer satisfaction is important, because it can result in repeat business and word of mouth advertising. In addition, by taking good care of customers, and ensuring customer satisfaction, I am differentiating myself from the competition. If I can offer quality to my customers, I know they will stick by me, and not worry too much if my prices are slightly higher than the competition. I also want to make sure I can compete well, by maintaining an open mind and continuing my professional education.

 The items I do not want to worry are my business finances. As a small business owner, I want to avoid paying too much for basic financial services. Luckily, free business banking is available for owners just like me. This allows me to avoid spending time looking for hidden fees, and focus instead of my company. The earnings I use from meeting my client’s needs are accumulated in my business savings account, until I find a project worthy of investment. This account is a central repository for all my business needs, and is the financial center of my small company. It is important to work with a financial institution you trust, which understands small entrepreneurs along the way. By building a strong relationship with your trusted bank, you would be able to leverage their product offerings to your advantage, and growing your business along the way. It is also important to keep the cash in your accounts under the limits insured by the state. In the US, accounts are insured up to $250,000.

 From my business savings account I then place the money in my retirement accounts. It is important to take care of yourself as a small business owner. If you do not pay yourself a salary when you own a business, but instead choose to reinvest it back to grow your enterprise, you are not doing the best for yourself.

 To summarize, it is important for small business owners to take care of themselves, by ensuring a sound financial footing. By managing their finances through reputable financial institutions, and building strong relationships with their bankers, they can manage to not only worry less about finances, but would also have a trusted advisor who can provide them with more options should the need arise.