Jim Probasco

A trust checking account is a bank account held by a trust, allowing trustees to pay incidental expenses and disperse assets to beneficiaries after a settlor’s death. Trust checking accounts let trustees conduct transactions efficiently without needing outside funds while […]

If you’re a state or local government employee, or you work for a tax-exempt nonprofit, you may be saving for retirement with a 457 plan. This is one of the most complex of the employer-sponsored plans available, and there are

Tax-friendly states for retirees offer tax breaks and incentives specifically designed to benefit individuals living on retirement income. These states may exempt certain types of retirement income from taxation, such as Social Security benefits, pensions, and retirement account withdrawals. Additionally,

When you use your credit or debit card in a foreign country, or online with a foreign merchant, your card issuer, usually a bank, may charge a foreign transaction fee of 2% to 3% of the purchase price. At the

If you’re looking to buy your first home and are saddled with student loan debt, you may have a decision to make. Should you use your resources to pay off your student loans more quickly, save up for a down

In addition to federal laws regulating reverse mortgage loans, 24 states plus the District of Columbia have their own laws that govern how these loans are handled within that state. Many state-level regulations mirror those of the federal government for

Credit repair involves removing or correcting inaccurate information from your credit report to provide a fair and complete picture of your finances, taking steps to boost your credit score, and resolving to avoid credit problems in the future. You can

If you are in the mortgage loan business—perhaps as a loan originator, processor, underwriter, counselor, compliance officer, or something else—then you may be interested in becoming a Certified Reverse Mortgage Professional (CRMP). The National Reverse Mortgage Lenders Association (NRMLA), the

Round Legislation Funding Expiration 1 H.R. 748—CARES Act $349 billion June 30, 2020 (Exhausted by April 16, 2020) 2 H.R. 266—PPP and Health Care Enhancement Act $310 billion August 8, 2020 3 H.R. 133—Consolidated Appropriations Act, 2021 $284 billion May

There’s a lot to know when seeking a personal loan. For example, how is a personal loan different from more familiar types, like auto loans and mortgage loans? What can you use personal loans for? Are there any alternatives to