Timeshares are a lucrative way of investing in property that you can own for a specific period. Investing in a timeshare opens up avenues for travel and affordable stay at exotic locations. But reselling the space is where it gets tricky, as the demand for these properties varies on factors like location and price.  Here are some good ways to make a sale quickly: Go through an agent Real estate agents who specialize in buying and selling timeshare properties will help you unload your ownership quickly. You must do thorough research and choose an agent with plenty of experience in the area. Verified agents can broker a deal quickly because of their contacts in the market, and they will keep track of current listings and await an opportunity to broker deals for a quick commission. Find a website A lot of websites nowadays broker timeshare deals online. They connect sellers to buyers who are looking to rent or buy some vacation space. In exchange for a small transaction fee or even a membership, you can list your timeshare deal on popular web portals. Your ad will be made visible to millions of buyers. Websites also offer professional help to close the deal without much hassle.

Filing tax returns is one of the most important financial tasks of the year, and if you are distracted during the filing process, you could make mistakes. Any lapse in the filing process can make you miss out on larger refund claims and make you pay additional tax. Further, errors in the paperwork can result in added interest, penalties, and audits from the Internal Revenue Service. So here are tax filing mistakes to avoid: Missing deadlines The most common tax filing mistake to avoid is missing the return filing deadline. This can mean a 5% penalty on the amount due for each month or each partial month the return is delayed. The maximum penalty is capped at 25% of the total due amount. If you are about to miss the deadline, you can request an extension by filing Form 4868 before the tax-filing deadline, and you will receive more time to complete the paperwork. Incorrect Social Security Number Social Security Numbers are used by the IRS to cross-reference information collected from an employee against that received from the employer, bank, and other establishments. So accidentally typing an incorrect SSN can disrupt the process and result in a rejection of returns.

Taxpayers can claim refunds if they have paid more tax during the year than they actually owe the government. One can take several steps to claim returns every year, however, the returns filed should not contain errors. Such mistakes can delay the process and result in taxpayers getting a smaller refund than the one they sought. So, here are a few common tax refund mistakes one should avoid to make the return process smoother: Overlooking tax deductions Deductions make up a large part of tax returns. One can use IRS’s calculator to compute the amount of state and local sales tax they can deduct. For instance, any out-of-pocket contributions or donations, such as donating food to a school, can add to an individual’s tax deductibles annually. Similarly, reinvesting dividends received from mutual funds can also increase one’s tax deductibles for the year. Paying high-interest debts also boosts the refund one can claim. Overlooking these deductions when filing tax returns is one of the most common tax refund mistakes. Making calculation mistakes This is also one of the most common tax refund mistakes people make. Mathematical or calculation errors sneak into the returns when entering numbers on the filing forms. While verifying tax payability, the IRS double-checks that all the amounts specified on the first two pages of the form tally with the actual numbers.

The IRS offers ways to save money on taxes each year in the form of tax deductions and credits. Tax deduction works by lowering the taxable income and reducing the tax liability. This deduction is subtracted from the income, lowering the taxable income and reducing the final tax bill. It can be claimed in two ways – standard or itemized deductions. While there are many deductions to choose from, here are the ten most popular options. Charitable donations deduction Individuals who donated in cash or kind to 501(c)3 organizations during the tax year may claim a deduction on their federal tax returns.  Gambling loss deduction This deduction requires itemized reporting of all winning as taxable income. The losses and expenses covered here are deductible only to the extent of gambling winnings. Student loan interest deduction Those who paid interest for a qualified student loan in 2022 (for themselves or dependents), or are legally required to pay interest, may claim up to $2500 in tax deductions for the financial year. Medical expenses deduction Qualified, unreimbursed medical expenses worth more than 7.5% of the adjusted gross income for the taxable year can be deducted. These must be reported as itemized deductions on IRS Schedule A.  Deduction for state and local taxes For a combination of property taxes and either state or local income and sales taxes, up to $10,000 may be deducted from the taxable income.  Mortgage interest deduction For qualifying homeowners, home mortgage interest on the first $750,000 may be claimed as a deduction.

Investing money is an excellent way to generate more wealth. However, there is a vast choice of investment options available. As a result, it can be challenging when it comes to making the right decision. Automated investing service providers, also known as robo advisors, help simplify your decision. These automated advisors help build, monitor, and manage your portfolio based on your investment objectives, age, and risk profile. You need to open an account, complete a short survey, and the robot advisor will then invest your funds, and build your portfolio. Choosing the best automated investing service provider is a difficult choice as there are many companies with such services. Some of the best service providers are: Betterment It is the oldest automated service provider and currently has about $13.5 billion in assets under management (AUM). Betterment is the largest independent robo-advisor company and offers accounts with annual charges ranging between 0.25% and 0.4%. Additionally, based on your initial opening deposit amount, the service provider may offer one year of free management. Some premium account holders, investing more than $100,000, receive additional features for a 0.4% management fee. There is no minimum initial deposit amount mandated, which is ideal if you are a first-time investor with limited funds.

In recent times, the older saving habits have slowly been replaced by the mindset to invest. A lot of people have realized that it is a better idea to invest money into something which allows it to grow rather than just hoard it in an account. It is important to remember that all investments are subject to market risks and carrying out thorough research is crucial. If finance is not your forte, you should seek the help of a person who can advise and guide you regarding investing your money. Do the following to find the best investment advisor for you: Determine the kind of advisor you need There are some professionals who provide you with advice on how to manage your finances but are not equipped at guiding you well with your investments. If you want to have someone help you with managing your finances, then find some who can fulfill that requirement. Once you feel you have accumulated enough wealth and are ready to invest, look for one of the best investment advisors in your locality. Make sure the person you choose for the job has expertise in that specific area and is a certified professional. For instance, if you wish to invest in the stock market, find someone who is an experienced fund manager.

When it comes to investing money, you can find thousands of different choices that promise to help grow your money. However, when you are investing your hard earned money to make your retired life more secure, you need to be extra careful about it. You need to find the safest and most rewarding investment plans for that, so you can enjoy your retired life in peace and security. Why invest in retirement plans Many experts suggest that the future investment scenario may not be favorable to investors. The interest rates will go higher, and the income growth will be slower than expected. Considering the rising cost of healthcare and maintaining a normal lifestyle, you will need to have enough money to live comfortably. That is why making the best retirement investments is very important. You must start to plan and find the right options to invest your money in, so you can comfortably finance your retired life. The three best retirement investments choices are as follows: Annuities When it comes to the best retirement investments, putting your money in annuities can significantly benefit you. It is an insurance policy that guarantees returns for the amount of money you have invested.

It is easy to be overwhelmed because of the number of credit card companies. You never know which one is better than the other unless you try them out, which is impossible. In such cases, how do you make a choice? A credit card company may be a bank, credit union, or anything in between that issues cards. On the other hand, card networks like Discover, Visa, American Express, and Mastercard work with card processors to execute transactions between the issuing company and merchants. Here are the top four credit card companies you can consider: American Express Popularly known as Amex, the company was founded in 1850 and is popular for credit and charge cards. It is the biggest charge card-issuing company and the third biggest credit card network in the country. The company is headquartered in New York City and is one of the most valuable global brands. Some of the popular Amex cards include Platinum Card and the American Express Gold Card. Bank of America Bank of America (BofA) is a multinational financial service and investment bank in the country. The institution has more than 54.6 million cardholders across 4800 retail financial centers. The popular Bank of America cards include the Premium Rewards Card and the Alaska Airlines Visa Signature Credit Card.

If you are considering establishing your own business, then you are probably worried about financing more than anything else. Getting guaranteed business loans surely is not easy. You need to get approval first, and even if you do, the interest rates may not be favorable to you. The good news is that the most prominent banks in the country have now started to approve loan applications from small businesses too. Wells Fargo Known as “America’s leading small business lender,” Wells Fargo has comfortably established themselves as the best hope for small business owners. The Unsecured Business Line of Credit and Unsecured Business Loan are the two best choices they offer for business owners who are looking for a loan. These are easier to get as they do not require any collateral. The Unsecured Business Line of Credit offers a credit line of $5,000 to $100,000. These can be used to cover unexpected expenses and cash flow requirements. On the other hand, the Unsecured Business Loan offers $10,000 to $100,000 as a medium-term loan with fixed rates. Depending on your eligibility, the interest rate will be anything from 7% to 22.99%. Bank of America If you are looking for guaranteed business loans, then Bank of America is the answer for you.

A Triple Net Lease Property, also known as NNN Property is a type of real-estate retail asset for single-tenant occupancy. An NNN property is different from most other rentable properties, as the tenants have to pay the insurance, maintenance fees, and taxes from their own pockets in addition to paying the rent. Listed below are the four NNN properties for sale in New York. John Deere New 20 Year Absolute NNN Lease Location : Chatham, New York Property Type : Retail Price : USD 1,600,000 (at the time of checking) Building Class : B Lot Size : 15.00 AC Number of Stories : 1 Year Built : 1974 If you are looking for John Deere dealership NNN properties for sale in New York, this particular property will definitely interest you. Located in Chatham, this retail property is available for a 20-year lease, with a 2% increase in rent per year. The property is located in a heavily-populated retail area, which will facilitate dense footfall and help your business accordingly. With a 100% fee simple interest, this NNN property surely belongs in your real-estate investment portfolio. Walgreens NNN Property Location : Long Beach, California Property Type : Retail Price : USD 8,500,000 (at the time of checking) Property Subtype :

A reverse mortgage allows senior homeowners to monetize the equity in their homes. The money may be used to meet financial requirements post-retirement. Such a mortgage is available to people aged 62 years and above. A reverse mortgage provides tax-free cash with no monthly installments. However, stringent guidelines and rules apply to reverse mortgage loans. The most common type of reverse mortgage is the Home Equity Conversion Mortgage (HECM) provided by the Department of Housing and Urban Development (HUD). Eligibility criteria To qualify for a HECM loan, here are the reverse mortgage eligibility criteria you need to meet: You need to be at least 62 years old. The home should be your primary residence, and you should be a resident of that property for a year or more. You should own the home, or a low balance should be outstanding on your home mortgage; the balance should be paid off before closing the HECM reverse mortgage. There should be no delinquency on the federal debt, such as income tax or student loans; however, the amount received from the reverse mortgage may be used to repay such loans. Some portion of the reverse mortgage loan amount should be set aside to meet expenses, such as property taxes, maintenance and repair costs, and insurance.