|
Iran fires air defense batteries as explosions heard near Isfahan The Associated PressReports of Israel's retaliatory strikes against Iran prompt reactions from lawmakers: 'Right to defend itself' Fox NewsIsrael-Gaza live updates: Israel retaliates against Iran, US official says ABC NewsLive Updates: Israeli Officials Claim Strikes on Iran The New York TimesThe Latest | Iran fires air defense batteries and diverts flights after explosions Yahoo! Voices
|
|
Jimmy Kimmel Worried About Trump, MAGA Media Cries Rigged Trial & Taylor Swift's New Album Drops Jimmy Kimmel LiveFact check: Donald Trump attacks Jimmy Kimmel for something Al Pacino did CNNLate Night Skewers Trump's Review of Jimmy Kimmel's Oscar Hosting The New York TimesTrump fires back after Kimmel jokes about hush money trial, social media company The HillJimmy Kimmel mocks Donald Trump for Oscars rant, reveals he may now host ceremony again USA TODAY
| RELATED ARTICLES | | |
|
Takeaways from the day a jury was selected to decide Donald Trump's fate in the hush money trial CNNDismissed 'Juror Number 4' calls judge 'cowardly' over being dismissed The Journal NewsTrump's Jurors: Legal Analysts Discuss What Stands Out About Panel NewsweekHear what Trump said minutes after jury was seated in hush money trial CNN12 Jurors in Trump Hush Money Trial Will Decide a Former President's Fate The New York Times
|
|
How Jews around the world will bring the Israel-Hamas war to Seder tables this Passover The Times of IsraelOpinion | A Military Drop Full of Matzo for the Israeli Hostages The Wall Street JournalPassover 2024 My Jewish LearningMinister Parosh asks UN to deliver matzah, wine to hostages for Passover - Israel News The Jerusalem PostIsrael Minister Officially Asks UN to Deliver Wine, Matza to Israeli Hostages in Gaza - Israel News Haaretz
|
|
Netflix profits surge after password-sharing crackdown Financial TimesNetflix gained 9.3 million subscribers this year as it adjusts streaming strategy CNNScrew it, Netflix just isn't going to tell you how many subscribers they have any more The A.V. ClubNetflix reports strong subscriber gains but Q2 revenue forecast disappoints Yahoo FinanceNetflix blows past earnings estimates as subscribers jump 16% CNBC
|
|
Mortgage Rates Top 7% As Housing Market Slumps - WSJ The Wall Street JournalU.S. Mortgage Rates Jump Above 7% for the First Time This Year The New York TimesMortgage rates surpass 7% while home prices show no signs of declining Yahoo FinanceStubbornly high US inflation grew stronger than expected in March CNNSluggish start for spring homebuying season as home sales fall in March with mortgage rates rising The Associated Press
|
|
Most people view debt as something to be avoided at all costs. But that's because most people don't use debt properly. A prime example of improper debt use is the credit card. People charge too much, fail to pay the card in full at the end of the month, then find themselves unable to pay down the debt without also paying exceedingly high interest, often for years.
However, some kinds of debt, such as a securities-backed line of credit, or SBLOC, can be helpful. They can even save or earn you money. SBLOCs are rolling lines of credit based on the value of assets in your accounts. They're excellent ways to use debt to your advantage.
How Securities-Backed Lending Works
Borrowing money by collateralizing securities held in after-tax investment accounts is called securities-backed lending. The interest rate will often be lower than other types of loans, and you'll generally get access to funds in just a few days.
SEE MORE 3 Dated Rules of Thumb Retirees Should Think Twice About
However, as with almost anything, there are caveats to taking out an SBLOC. While you can keep buying and selling securities in the collateralized account, you can't use the loaned money for other securities-based dealings, such as trading or buying. And setting up an SBLOC will make it more challenging to move those collateralized assets to a different firm.
As an example of how SBLOCs can benefit you, suppose you need $75,000 for a one-time purchase of a car or a once-in-a-lifetime vacation. A typical way to acquire it would be to sell assets in a retirement account. That presents a number of drawbacks:
First, your income for that year would increase by $75,000 and could put you in a
|
|