Archive - March 25, 2013

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Are You Protecting Your Credit Standing?
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Foreign Beneficiaries: Can A Non-Resident Alien Be Named A 401(k) Beneficiary?

Are You Protecting Your Credit Standing?

A clean, accurate credit history is a critical piece to the personal finance puzzle. Staying on top of your credit standing over time can mean big savings, since credit scores often determine your access to loans, interest rates, and monthly payments. An error on the report of any of the three major credit agencies - Experian, Equifax, or TransUnion - could be catastrophic next time you apply for a loan.

There are multiple credit-monitoring services you can utilize that charge approximately $15 per month, but these fees likely aren't necessary. You can order a free credit report from each of …

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Foreign Beneficiaries: Can A Non-Resident Alien Be Named A 401(k) Beneficiary?

In today’s global economy, it’s becoming more common for family ties to stretch around the world. You should have no problem naming your nephew as your beneficiary, but accessing the money from India after your death is more complicated.

When naming a nonresident alien as a retirement plan beneficiary, make sure to include more information than the typical name, relationship, and date of birth. The issue here is that the plan sponsor, in your human resources department, will be expected to contact and verify your beneficiary. They may begin to lose patience if the process turns into “Where in the …

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