American Women Quarters Program

While a handful of women have appeared on coins and special-edition bills throughout the years – Susan B. Anthony, Sacagawea and Helen Keller, for example – the number of women featured on U.S. currency is about to be significantly expanded.

Beginning in 2022 and continuing through 2025, the U.S. Mint will issue up to five new quarter designs each year featuring historically prominent women. Here are the women being honored in 2022.

Maya Angelou

Celebrated author and poet Maya Angelou is most well-known for her autobiography, “I Know Why the Caged Bird Sings.” The book was named as one of TIME Magazine’s 100 best and most influential non-fiction books.

A recipient of the Presidential Medal of Freedom, Angelou also worked with Dr. Martin Luther King as a coordinator for his organization, the Southern Christian Leadership Conference. She was also the first African-American woman to read an original poem at a presidential inauguration.

Dr. Sally Ride

The first American woman in space, astronaut Dr. Sally Ride inspired generations of girls to pursue careers in science and technology. Ride flew on the Space Shuttle Challenger in 1983 and 1984.

In 2013, President Barack Obama awarded her a posthumous Presidential Medal of Freedom. After her death, it was revealed that Ride was a lesbian, making her the first LGBTQ person to appear on a US quarter.

Wilma Mankiller

As the Principal Chief of the Cherokee, Wilma Mankiller is the first woman ever elected chief of a major Native American tribe. She oversaw the growth of the Cherokee nation from 68,000 members to 170,000.

Ms. Magazine named Wilma Woman of the year in 1987, President Bill Clinton awarded her the Presidential Medal of Freedom in 1998.

Nina Otero-Warren

One of the few Hispanic suffragists in history, Nina Otero-Warren helped publish suffragist literature in Spanish, encouraging Hispanic women to vote. She also served as chairman for the Board of Health in New Mexico, was a board member for the American Red Cross and was the Inspector of Indian Schools for Santa Fe County, overseeing the schools for Native American children.

Anna May Wong

As the first Chinese-American movie star in Hollywood, Anna May Wong paved the way for countless other Asian actors. She acted in Broadway plays and both American and European films. Anna was also a fashion icon and was once named the world’s best-dressed woman.

She appeared in movies and plays with acting legends like Laurence Olivier, Douglas Fairbanks and Marlene Dietrich. Though Hollywood remained a hostile environment for people of color during her time, Wong stood up against Chinese stereotypes and advocated for fairer portrayals.

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Source: mint.intuit.com

ETF vs. Mutual Fund: What’s the Difference?

There’s no substitute for the magic of compound interest when it comes to saving for the future. By stashing your cash in the stock market, you’re putting it to work for you. It takes little…

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How To Invest In The S&P 500

You can invest in the S&P 500 through index funds or ETFs. This investment gives you stock in the 500 largest publicly-traded companies on the market.You can invest in the S&P 500 through index funds or ETFs. This investment gives you stock in the 500 largest publicly-traded companies on the market.

The post How To Invest In The S&P 500 appeared first on Money Under 30.

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6 Best Micro-Investing Apps of 2021

Up until this point, investing was often seen as something that only wealthy people did. And unfortunately, many people used this as an excuse to put off saving for retirement, telling themselves they would do…

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How to Know If an Investment Is Too Risky

If a business is too small, too new, or has had major issues such as bankruptcy or lawsuits, it might be too risky.If a business is too small, too new, or has had major issues such as bankruptcy or lawsuits, it might be too risky.

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What Is A Cryptocurrency Presale?

Crypto presales let you buy new crypto at a lower price than currencies like Bitcoin. Getting in on the ground floor isn’t easy, though.Crypto presales let you buy new crypto at a lower price than currencies like Bitcoin. Getting in on the ground floor isn’t easy, though.

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Tax Lien Investing vs. Tax Deed Investing

Two real estate investorsInvesting in tax liens and tax deeds can be profitable for investors who are interested in diversifying with real estate. Both represent a form of debt that’s tied to unpaid property taxes. Though the two are often grouped together, there are some differences in how each type of investment works – and what benefits they convey to investors. Whether it makes sense to invest in a tax lien vs. tax deed or choose both can depend on your investment objectives and risk tolerance. Before venturing in, it’s important to understand how the two compare to one another.

A financial advisor can help you decide whether investing in tax liens or tax deeds is a good fit for your portfolio.

What Is a Tax Lien?

A tax lien is a lien that’s placed against a piece of property in connection with a debt, typically unpaid property taxes. When a property owner fails to pay his tax obligations the local tax authority can place a lien against the property itself. Tax liens can be placed against residential, investment or business properties. Once a lien is in place, the property owner cannot sell or refinance the property without first paying off the associated debt.

The purpose of a tax lien is to force the property owner to pay what’s owed. Similarly, the IRS can use tax liens to compel taxpayers to pay up when they owe back taxes.

Tax Lien vs. Tax Lien Certificate

A tax lien represents an outstanding debt owed by a property owner. If that property tax debt goes unpaid long enough, the local tax authority can issue what’s known as a tax lien certificate. The holder of a tax lien certificate has the right to collect interest owed on the underlying debt.

Here’s how it works for investors. The local tax agency holds a tax lien certificate auction. Certificates are auctioned off to the highest bidder. An investor buys one or more tax lien certificates and pays the tax debt owed in full. In order for the property owner to clear the debt, they must repay the investor the original tax bill amount plus interest.

The investor doesn’t own the property; they simply own a right to collect interest on the tax debt. The amount of interest they can collect is based on state law. Tax lien certificate investing is only possible in states that allow for the public sale of property tax debts.

What Is a Tax Deed?

A tax deed offers ownership rights to an underlying property. Like tax liens, tax deeds can be issued when a property owner fails to keep up with their property tax obligations. And like tax liens, tax deeds can be auctioned off to the highest bidder.

Tax deed auctions can be held online or in person. The highest bidder wins the right to own the property. If state law permits a redemption period, the property owner has an opportunity to pay off the outstanding tax debt, along with any penalties, fees or interest due. If the property owner pays what’s owed, they can get the property back.

If there is no redemption period or the property owner fails to pay, the property then belongs to the winning bidder. At that point, they can decide what to do with the property (i.e. sell it, use as a rental property, live in it themselves, etc.). Meanwhile, any debts or encumbrances associated with the property are cleared.

Tax Lien vs. Tax Deed: What’s the Difference?

Picture of a house and the word "TAX" on opposite ends of a seesaw

The main differences between a tax lien vs. tax deed lie with what rights are conveyed to the individual who wins either one at auction. If you place a winning bid on a tax lien certificate, you’re obligated to pay off the tax debt. But you have the right to collect interest payments on the debt, assuming the homeowner pays it off.

In Florida, for example, the rate for tax lien certificates can range from 0% to 18%. In Alabama, the tax lien interest rate is 12% annually. Other states may set the bar higher or lower. But this is essentially passive income you can collect since you don’t own the property and are, therefore, not obligated to do or pay anything with regard to maintenance or upkeep.

With tax deed investing, you’re bidding on ownership interest in the property. So instead of collecting interest payments, the end goal is to own the property itself. Once you own the property, you can decide whether to:

  • Fix it and flip it
  • Rent it out
  • Sell it to another investor
  • Use it as a primary or secondary residence for yourself

Tax deed investing is an active investment since you’re actively managing the property once ownership is transferred to you. In addition to being more time-intensive than tax lien certificate investing, it can also require a larger investment of capital.

When you’re buying tax lien certificates, it’s possible to invest with only a few hundred or a few thousand dollars. Tax deeds typically represent a larger investment, as you may incur additional costs on top of the outstanding tax debt. If you plan to flip a property, for example, that might require investing $10,000, $20,000 or more into it first to get it ready for sale.

Tax Lien vs. Tax Deed: How to Invest

Tax lien certificates and tax deeds aren’t something you can buy and sell through an online brokerage account the way you could with stocks or exchange-traded funds. If you want to invest in tax liens or tax deeds, you’ll first need to find out whether tax debts are sold at auction where you live. Your city or county tax agency should be able to tell you if the sale of tax debts is permitted.

The next step is locating a public auction for tax lien certificates or tax deeds. Again, your local tax authority should be able to offer a timetable of upcoming auctions, including whether they’re online or offline events.

Before you invest, consider whether a tax lien or tax deed is better suited to your investment portfolio based on your goals, risk tolerance and how much time or money you want to invest. Tax deed investing may require you to put in more time and money. But you could potentially see a larger return than you might with tax lien certificates.

It’s also important to know the risks. With tax lien certificates, the chief risk is that the property owner won’t pay the taxes owed. If they don’t pay, then you don’t get to collect any interest. With tax deeds, the risks may be more involved as you need to be fairly certain that you’ll be able to dispose of the property according to your goals after the fact.

Going back to a fix-and-flip example, you’d want to weigh how much you’d need to invest to get the home ready for sale. You’d also need to consider the current market environment for that area and what comparable properties are selling for. Performing your due diligence as you would with any other investment can help you weigh the potential risks against the rewards.

The Bottom Line

"TAX LIEN" written in colorful letters

Tax lien investing and tax deed investing share some things in common but they aren’t exactly alike. If you’re interested in branching out your portfolio to include real estate, either one may be worth considering. Just remember to note what sets tax lien vs. tax deed investing apart so you can choose the option that best aligns with your goals.

 

Tips for Investing

  • Aside from tax liens and tax deeds, there are other ways to invest in real estate that don’t necessarily require you to won property. Real estate ETFs, for example, allow you to invest in a collection of real estate securities without having to don a landlord’s cap. You might also consider a real estate investment trust (REIT) if you’re looking for dividend income from property investments. You can invest in publicly traded REITs or real estate ETFs through an online brokerage account.
  • Consider talking to a financial advisor about whether investing in tax liens or tax deeds could be a good fit for you. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors in your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Photo credit: ©iStock.com/izusek, ©iStock.com/~UserGI15994093, ©iStock.com/Sohel_Parvez_Haque

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REIT Investing: Everything You Need to Know

This page may include affiliate links. Please see the disclosure page for more information. Real estate is something you hear a lot about these days. Rental properties are a popular method for investing in real estate. Rental property investing is not something available to many people. First, …

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REIT Investing: Everything You Need to Know was first posted on July 24, 2019 at 7:00 am.
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Robinhood Review for 2021

You’re likely familiar with the story of Robinhood, the outlaw who stole money from the rich and gave it to the poor. Well, you’ll find a similar principle behind the investing app, Robinhood. The founders…

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Moomoo App Review: Free Stock Market App And Trading Platform (Earn Free Stocks)

Moomoo is a free stock market app and trading platform that is good for beginners and advanced traders alike. Here’s what you can expect.

The post Moomoo App Review: Free Stock Market App And Trading Platform (Earn Free Stocks) appeared first on Bible Money Matters and was written by Lorraine Smithills. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

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