All What is Articles - Page 33

Backdoor Roth IRA Conversion: What It Is & When To Use It

By Dock David Treece on November 1, 2018 | Personal Finance, Retirement Accounts, What is | Comments (0)

A backdoor Roth individual retirement account (IRA) is an account that’s established by converting a traditional IRA or other tax-deferred account into a Roth IRA. Using a backdoor Roth IRA conversion, account holders who aren’t typically Roth IRA-eligible because of income limits can still contribute to a Roth IRA, which then grows tax-free and can…

Fiduciary Financial Advisor: What It Is, Duties & Obligations

By Dock David Treece on October 18, 2018 | Investing, Personal Finance, What is | Comments (2)

A fiduciary financial advisor is an investment professional who is licensed with the United States Securities and Exchange Commission (SEC) or state regulators. Fiduciary advisors are important for clients because they are legally required to put clients’ interests ahead of their own. Using a fiduciary is important if you want an advisor to manage your…

The Ultimate Real Estate Listing Presentation [+Free Template]

By J Gurner on October 12, 2018 | Real Estate, Real Estate Marketing, What is | Comments (6)

A listing presentation is an interview to represent a home seller in a real estate transaction. While a listing presentation can simply be a conversation with a homeowner, the best prepared and most successful agents include slide decks, visuals, and documents to demonstrate their expertise, build trust and win the listing. Download Your Free Template…

Adjustable Rate Mortgage: ARM Rates, Types & More

By Allison Bethell on October 3, 2018 | Real Estate Financing, Real Estate Investing, What is | Comments (0)

An adjustable rate mortgage (ARM), or variable rate mortgage, is a home loan that has a periodically changing interest rate. Typically, the initial rate on an adjustable rate mortgage is lower than on fixed rate mortgages, averaging 4.38 percent. That rate can climb during the loan term, making ARM loans more unpredictable and riskier over…

Performance Management Process: Definition, Cost & Software

By Laura Handrick on October 3, 2018 | HR Operations, Human Resources, What is | Comments (3)

Performance management is the process of motivating employees to maximize their potential. Employees need ongoing feedback, overperformers need to be engaged and underperformers need a clear improvement plan. We’ll describe performance management from end-to-end with a focus on the processes and tools that work best for small business. A project management tool can give you…

Closing Costs: Definition, Types & Average Amounts

By Allison Bethell on September 25, 2018 | Real Estate, Real Estate Terms, What is | Comments (0)

Closing costs are the extra expenses that buyers and sellers pay on top of the purchase price at settlement of a real estate transaction. Closing costs include mortgage origination fees, discount points, appraisal fees, and more. Average closing costs on the median home sales price of $230,000 are 2 percent to 5 percent, or $4,600…

Rollover IRA: Rules, Limits & Deadlines

By Dock David Treece on September 24, 2018 | Personal Finance, Retirement Accounts, What is | Comments (0)

A rollover individual retirement account (IRA) is established with funds that are rolled over from another IRA or 401(k). Rollover IRAs are used by investors who want to change IRA providers. If you want to change providers or get more investment options, an IRA rollover is a free process that’s ideal for getting access to…