How to Get Preapproved for a Home Loan #how #do #i #get #approved #for #a #home #loan


How to Get Preapproved for a Home Loan

Loan preapproval begins with finding a good lender and culminates with a letter stating your buying power. It s a must-have in many markets. Real estate agents request it because they know many sellers won t take you seriously without having a mortgage lender sign off on your credit and finances. The scope and accuracy of a preapproval varies based on the lender and the information you provide. A preapproval is usually considered more reliable than the less involved prequalification letter, which requires fewer details upfront.

Couple meeting with a loan officer

credit: Comstock Images/Stockbyte/Getty Images

Doubling Your Effort With Two Lenders

A mortgage broker or bank loan officer can initiate the preapproval process with you in person, over the phone or online. Online mortgage lenders provide relatively quick results with minimal time investment on your part. You can answer the lender s questionnaire using your computer and upload supporting documents. However, if you prefer to speak with and interview a single point of contact, work with a loan officer at a reputable bank or mortgage brokerage. To get a second opinion of your loan qualifications, get preapproved with at least two lenders.

Factors Analyzed for Preapproval

Guidelines, loan terms and conditions for loan preapproval vary by lender and your individual financial circumstances. However, there are a few generally accepted rules you must meet to gain preapproval. To determine whether you qualify for preapproval, the lender analyzes your:

  • debt load as represented by a debt-to-income ratio
  • minimum credit score and history
  • employment history
  • assets

These aspects of your finances work hand-in-hand. While you may not excel on every front, having a healthy debt load and a 20 percent down payment, for example, can get you preapproved despite less-than-excellent credit, with some lenders.

General Guidelines To Meet

Your DTI ratio for housing costs, known as a front-end ratio. should range between 28 percent and 31 percent. Total monthly obligations, including housing, are expressed as a back-end ratio. The back-end ratio is usually no more than 36 percent, but may be as high as 43 percent. Lenders typically require FICO scores of at least 620 or 640. However, you may be able to gain preapproval despite low credit with a higher down payment. That s because the amount you contribute from your own funds to buy a home offsets the lender s risk. Down payments range from 3 percent to more than 25 percent, depending on the loan type and property type.

Documentation Needed for Preapproval

Provide your lender with recent income and asset information. Exact paperwork needed depends on your circumstances. However, you usually must provide:

  • one month of paystubs
  • past two years of tax returns and W-2s
  • two months of bank statements and three months of investment account statements
  • recent profit and loss statements and business licenses, if self-employed

Most lenders must know precisely where your down payment comes from to ensure that it s not borrowed. They check for large or unusual deposits and may require written explanations to document the source of your funds.

Preventing Preapproval Problems

Cooperation with your lender and honesty are essential to a solid loan preapproval. A preapproval isnt a commitment to lend and it s subject to subsequent verifications and documentation, such as a home appraisal. Should the home or any aspects of your finances fall short of the lender s requirements, you may no longer qualify for a loan. Be completely up front with your lender and avoid making the following mistakes:

  • not fully disclosing additional income, employment, funds or tax write-offs
  • failing to disclose debts not on your credit report, such as alimony or child support
  • overspending, financing consumer purchases or taking on new credit lines
  • borrowing money from friends, family or other lenders
  • misrepresenting any aspect of your financial situation

How to Accept Direct Debit Payments: 5 Steps (with Pictures) #how #to #accept #debit #card #payments #online


How to Accept Direct Debit Payments

Direct debit payments, commonplace in Europe, are becoming popular in the United States. Businesses that bill monthly–especially those with international clients–benefit when they have the ability to accept direct debit payments. Accepting automatic payments takes the burden of the payment transaction away from the customer, or payer, and places it on the payee. Your business will be less susceptible to problems caused by late payment or non-payment if you accept direct debits.

Steps Edit

Contact your bank. Get a Service User Number (SUN) or Automated Clearing House (ACH) account number for your business banking account, as you need this to enroll in direct debit programs. Confirm with your bank that you have the proper account to accept direct debits. Ask your bank if they use AUDDIS (Automated Direct Debit Instruction Service). This will save time with bank transfers and eliminate paperwork.

Sign up with an ACH, BACS (Bankers’ Automated Clearing Services) bureau or similar payment processing service. Automatic payment processing requires enrollment and sometimes a contract with a service provider other than your bank. The electronic funds transfer networks work in co-operation with banks to transfer funds from the payers account to the payees account.

Link your ACH or BACS account to your bank account. Ask your business banker to confirm that your automatic clearing service account number is routed to your bank account. Once that is done, ask your ACH provider to confirm your bank account. Some providers will do a small transfer to confirm that your account is working.

Begin processing direct debits from authorizing customers by acquiring automatic billing or direct debit authorization information–most importantly, the customer’s bank account number. Merchants in the United States must acquire the payer’s routing number and the bank account number. In Europe, merchants need a SUN and payer’s consent.

Process direct debits. Once you provide your customer’s account information to your BACS or ACH service provider, it usually takes a minimum of 3 days for the money to go into your bank account. There are 3 steps to direct debit processing: submission of payment to BACS or ACH, processing and clearing. After these steps are accomplished, you will see the payment in your account.

Security Risks of FTP and Benefits of Managed File Transfer #deep #web #search #engine, #hacker #news, #the #hacker #news, #kat #cr, #how #to #hack, #best #password #manager, #hack #facebook, #thn, #kickass #torrents, #latest #hacking #news, #tor #browser, #computer #security #breaches, #data #breach, #it #security #training, #android #hacking


File transfer services such as FTP or HTTP has been the most common way of file transfer for business requirements. Typically what a file transfer means is that a file transfer protocol such as FTP or HTTP is used to send the stream of bits stored as a single unit in a file system including file name, file size, timestamp and other metadata from one host to another host over a TCP-based network such as the Internet.

But this process is not foolproof. FTP, by itself, is not a secure file transfer protocol and it has a lot of security vulnerabilities. It s a known fact that FTP doesn t provide any encryption for data transfer. Most of the times, the requirement in any business is pretty simple: to transfer files between two endpoints in different locations, and the parties involved do not think much about how secure the file transfer process is going to be.

Using FTP for official file transfer can leave your data transmission exposed to many security attacks:

FTP Bounce Attack

Generally a file transfer happens when the source FTP server sends the data to the client which transmits the data to the destination FTP server. When there s a slow network connection, people often resort to using a proxy FTP which makes the client instructs the data transmission directly between two FTP servers. A hacker can take advantage of this type of file transfer and use a PORT command to request access to ports by posing as a middle man for the file transfer request; then execute port scans on hosts discreetly and gain access data transmitted over the network.

FTP Brute Force Attack

An attacker can carry out a brute force attack to guess the FTP server password by implementing a means to repeatedly try different password combinations until they can succeed in the break-in. A weak password and repeated use of the same password for multiple FTP servers can also help the hacker gain quick access. Once the password is guessed, your data is exposed.

Packet Capture (or Sniffing)

Because the data transfer via FTP is in clear text, any sensitive information such as usernames, passwords can be easily read network packet capture techniques such as packet sniffing. A packet sniffer is just a piece of computer program which can capture transmitted data packets and decode the packet’s raw data exposing data contained in the various fields of the packet.

When we restrict access to FTP servers based on the network address, it is possible that a cyber-criminal can use an external computer and assume the host address of a computer on the enterprise network, and download files during data transfer.

When operating systems assign dynamic port numbers in a particular order or pattern, an attacker easily decodes the pattern and identify the next port number which will be used. By illegally gaining access to a port number, the legitimate client trying to access the file will be denied and the hacker can steal files, or even insert a forged file or malicious file into the data stream which will be accessed by other legitimate users in the organization.

As we discussed above, there are a lot of devious means to intercepting an FTP-based file transfer and the chances of your data being exposed is also high. Networks that adhere to federal compliance norms such as PCI DSS, HIPAA, GLBA, etc. and those agencies and institutions that share government data, and customer records are at high risk if they just depend on FTP for file transfer. So, what s the optimum solution if not FTP?

Managed File Transfer Remedies the Vulnerabilities in FTP

Managed file transfer (MFT) is the best option for file transfer compared to all other file sharing methods such as using FTP, HTTP, TFTP, peer-to-peer file sharing and cloud drives. A managed file transfer server facilitates secure file transfer through the Internet by providing a high level of data security. The MFT server software provides secure internal, external and ad-hoc file transfers for both pull-based and push-based file transfers.

Though MFT also uses FTP for data transfer, this type of file transfer ensures the data is protected by using secure FTP (FTPS, SFTP, etc.) With B2B file transfers, especially in a DMZ environment when internal IP addresses need to be concealed, MFT server s authentication and data encryption methods help ensure secure, reliable and auditable file transfer.

MFT is widely used for securely transferring files over public or private networks and you can:

  • Perform secure file transfer via FTP, FTPS, SFTP, HTTP and HTTPS over IPv4 or IPv6 networks
  • Carry out ad hoc file transfer
  • Monitor the file transfer process in real time
  • Get notified of the status once the transfer is complete
  • Report on transfer activity and user access
  • Limit MFT access by user role and integration with Active Directory
  • Transport large wiles with integrity checks and protocol fidelity

When the secure file transfer is concerned at an organizational level, MFT server is the best option that ensures both security and endpoint management simplicity when compared to FTP.

Guest Post by:Vinod Mohan, Product Marketing Specialist Team Lead at SolarWinds with technical expertise in IT management and operations spanning IT security, SIEM, network management, application, systems, storage Virtualization management.

Best Franchise Opportunities For Sale In The UK, Business Franchising Advice, how to franchise a business.#How #to #franchise #a #business


how to franchise a business

How to franchise a business

Barking Mad provides top quality dog holiday care in a home environment, rather than at a kennels. We have hosts with whom dogs stay whilst their owners are on holiday. It works very well – you get to meet lots of people and dogs and organise your own schedule.

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Use your experience to help people develop their true potential

How to franchise a business

Last year a report from the UK Commission for Employment and Skills reported that in 2015, the last year for which they have figures, the UK spent 45.4bn on training and development. In this exclusive article. LMI discuss why this is a good opportunity for individuals with the appropriate business skills and life experiences. To find out more about this lucrative industry. Read more..

UK Franchisor Interviews

Exclusive interview with Nick Lyons, No Letting Go

How to franchise a business

Nick Lyons knows all about franchising from both sides of the coin! He previously was a franchisee for an estate agency franchise before deciding that he wanted to start his own business in the lettings industry and take it down the franchise route. In this exclusive interview we speak to Nick on how he started his business, successes to date, plans for the future and his advice for anyone looking to franchise their business.

Master licenses

Are you looking to expand your investment portfolio? Are you interested in becoming a master franchisee for an international brand? If so we will help you to understand how you can be involved in this exciting investment opportunity. Read more about buying a master franchise

Ask the experts

How to franchise a business

Franchising can be a very complex area and to make sure you find the right franchise for you, or set up your own franchise correctly, is it imperative that you do as much research as possible. This includes seeking professional help and advice. Our Ask the Expert section allows you to post questions regarding funding a franchise, legal issues, accountancy, consultancy and general franchise advice. Post your questions to our panel of experts

Raising finance

It is a big step from deciding to start a franchise to actually opening your doors for business. For many, one of the biggest hurdles is approaching the bank for finance. Read more about funding a franchise

Settle down in the USA

How to franchise a businessEvery year more and more people move to the United States of America and are successful in the immigration process. One of the most successful methods to achieve a permit to work and stay in the USA is through buying a business and creating employment.


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  • How to franchise a business
  • How to franchise a business
  • How to franchise a business
  • How to franchise a business
  • How to franchise a business
  • How to franchise a business
  • How to franchise a business
  • How to franchise a business

Featured master franchise

How to franchise a business Mexcla is a ‘fast-casual’ Mexican style eatery founded in 2015 in Sao Paulo, Brazil that serves high quality fresh food. The Mexcla brand is owned by Bloomin’ Brands, a Florida-based hospitality company which owns five other restaurant brands including Outback Steakhouse® and Abbraccio Cucina Italiana™. Bloomin’ Brands hopes to grow Mexcla worldwide and is looking for franchisees in the UK to help it enter the British market.

How long does it take to get a doctorate? Back to College Blog, how long does it take to get a doctorate degree.#How #long #does #it #take #to #get #a #doctorate #degree


How long does it take to get a doctorate?

How long does it take to get a doctorate degree

How old are you? 40? 45? 50? 54? Somewhere in between?

It’s taken you two, three or more decades to become as successful in your career as you have. And while you probably didn’t think too much about where you’d be 20 or 30 years from when you started your career, well, here you are.

The years of effort and professional growth have been worth it.

And just when a lot of people would be on the downswing or at least in coasting mode, you’re thinking of taking it to the next level, challenging yourself, growing in your discipline and transforming your career by reaching your highest professional level. You’re ready to earn your terminal degree.

What you’re doing is reflective of something champion-boxer Muhammad Ali once said, “He who is not courageous enough to take risks will accomplish nothing in life.”

It is a bold and courageous thing you’re about to do, but what an achievement it will be.

Some people may even try to talk you out of it. Some may shake their heads in disbelief. Others may secretly wish they could do what you’re doing. And still others will cheer you on and support you to completion.

The most important thing, however, is that you’re committed to reaching your goal. Of course, the right professional doctoral program designed for the working adult can help. But, ultimately, you’re the one who has to put in the effort and do the work required.

The question, then, is how long will it take to earn your doctorate degree?

Statistically speaking, a Ph.D. takes twice as long as a bachelor’s degree to complete. In fact, according to a CBS Moneywatch report , the average student takes a very long 8.2 years to go through a Ph.D. program – and that’s if they finish.

However, if your career objectives make the applied doctorate a good option for you , the completion time conundrum becomes a completely different equation.

So here’s the short answer for how long it takes to earn an applied doctorate degree:

Now here’s the long answer:

Because the truth is:

  1. Every doctoral program has its own structure.
  2. Every college or university has its own program requirements.
  3. Every educational institute has its own transfer-credit policies.
  4. Every student has his or her biases and circumstances that can impact outcome.

Each of these four factors will determine, in part, how long it will take to finish your doctoral studies.

For example, as designed, Franklin University’s three applied doctoral programs (Doctor of Business Administration or DBA in Management ; Doctor of Professional Studies or DPS in Instructional Design Leadership ; and Doctor of Healthcare Administration or DHA ) should take about three years to complete.

However, with up to 24 hours of previously earned doctoral coursework or professional certifications transferred toward the degree, at Franklin, it could take less than three years to earn your doctorate.

Of course, lots of other factors specific to you and your situation can also come into play when determining how long it will take for you to earn your doctorate.

So, how ready are you? Take this quick quiz to find out.

How much time do you have to invest in pursuing your doctorate?

  • None – but I’m doing it anyway.
  • I’m all in!
  • I’ll make it work on a part-time basis.

Quick tip: The more time you invest, the quicker you could finish.

Will you take any breaks from the program?

Quick tip: Taking a breather can be good medicineas long as you get right back to it.

What will be the subject of your dissertation?

  • I have several already in mind.
  • I want to consult with my advisor.
  • I don’t have a clue at this point.

Quick tip: Choose a relevant topic of interest with plenty of research fodder.

Will finances play into the amount of time you have to spend?

Quick tip: Don’t let financing get you down. Investigate the options, such as installment payment plans.

Will you take advantage of any available support resources?

  • I’m a self-starter so I don’t need it.
  • Everything I can.
  • Maybe some.

Quick tip: Student resources and faculty support can help you stay motivated and on track.

How self-motivated, ambitious and driven are you?

Quick tip: Know your capabilities and limitations, as well as be realistic about your expectations.

Did your answers make you think? Good. They were supposed to.

This little quiz isn’t so much about how you answered the questions, rather it’s to help you recognize that YOU have a lot of control over how long it will take you to earn your doctorate.

Want to accelerate your completion time? Try one or more of these ideas:

  1. Maximize your transfer credit. Ask the college or university about their policy on accepting previously earned credits or certifications. For example, did you start and stop a doctoral program already? If so, ask if they will they honor your prior credits. Will they give you credit for what you already know, thanks to professional experience or relevant credentials? Transfer credit can help you earn your applied doctorate degree faster, as well as reduce your overall tuition expenses.
  1. Choose the right program. While most programs require a year (or more) to complete the dissertation, an embedded dissertation process integrates the dissertation within the course framework so you have a head start when it comes time to focus on the dissertation. Online classes, an embedded dissertation process, faculty-supported mentoring, and the availability of student resources and learning communities can impact the length of your time in a doctoral program.
  2. Leverage all the support you can. Whether it’s help on the home front, on the job or through your chosen university, it truly takes a proverbial village to press on during times of difficulty or stress. Such things as faculty mentoring to guide your topic interests, a personal librarian to help with research resources, vibrant learning communities, peer support and more can really help to keep you motivated and on track for completion.

So, how long do doctoral programs usually take? If you pick the right program, work hard and remain focused, you can finish in about three short years.

Find out if Franklin University’s applied doctorate programs are right for you.

What is a Reverse Mortgage and Does it Work? #how #does #reverse #mortgages #work


What is a Reverse Mortgage and Does it Work?

Reverse mortgages are a home loan option for senior homeowners over the age of 62.

The loan allows homeowners to tap into the equity they have invested into their home over the years to pay unexpected expenses or increase their quality of living. The equity in the home is collateral for the loan. The balance is not due until the homeowner passes away or the home is sold. No payments are owed on the loan as long as the homeowners are alive and living in the home. Instead, the homeowners receive money for their equity. The homeowner must continue to pay the insurance and taxes on the home.


In order to qualify for a reverse mortgage, the home must be paid for or any liens must be able to be paid for with the loan. The amount of loan money available is dependent upon several factors such as the age of the homeowners, the current interest rate, the value of the house and government limits. A reverse mortgage loan calculator can help determine the possible amounts of a loan taking into account these variables. The homeowner can elect how the money from the loan will be received. The money can be taken in a lump sum amount, payments as long as the homeowner is present in the home, payments based on a fixed term or set up as a line of credit to be used as needed. A reverse mortgage loan calculator can help determine if a reverse mortgage is a viable choice for homeowners or if the possibility of reverse mortgage problems outweighs the benefits.


The main advantage of reverse mortgages is the homeowner can still live in the home and does not risk foreclosure if the loan cannot be repaid. It is easy to qualify for this type of loan as there are no income or credit requirements. There are many flexible options to receive the money and there are no restrictions on how the money can be used. Usually, the money received in reverse mortgage is tax-free.


A reverse mortgage has many advantages over a traditional home equity loan or second mortgage. However, there are several situations that could cause reverse mortgage problems. If the homeowner qualifies for certain low-income programs, then the money received in reverse mortgages could disqualify them from valuable benefits. A reverse mortgages loan calculator can be used to help determine optimum loan income. If the homeowner plans to sell the home and move soon, then this type of mortgage is not a good choice. The closing costs of this type of loan are higher than for other loans. Once the home is sold the loan must be paid off and the closing costs incurred make it an expensive short-term loan.

Another reverse mortgage problem is the reduction of the estate to potential heirs as the equity of the home is reduced. The longer reverse mortgages are held, the more interest is accrued over time reducing the final equity in the home. Another potential reverse mortgage problem is if the value of the home increases, it is not possible to obtain a home equity loan if needed. The reverse mortgage must be the only loan on the home. Reverse mortgages may not be for everyone so homeowners should be well-informed and use a reverse mortgages loan calculator to help determine if this is a viable option for increasing income in retirement.

Read these next

5 Disadvantages of Reverse Mortgages

How Much Will A Reverse Mortgage Cost?

Home Equity Loan vs. Reverse Mortgage

When Not to Roll Over a 401(k) to an IRA #how #to #roll #over #an #ira


When Not to Roll Over a 401(k) to an IRA

When leaving your job, the conventional wisdom has long been to take your 401(k) money with you by rolling it into an IRA. And 95% of the time that’s the way to go, says Evan Beach, a certified financial planner for Campbell Wealth Management. in Alexandria, Va. But in some cases, taking the conventional route can be a costly mistake. Some retirees may be better off leaving their money in the 401(k) or finding another, better home for their assets.

SEE ALSO: 10 Things Boomers Must Know About RMDs From IRAs

The decision between leaving money in a 401(k) or rolling it over to an IRA can be as simple as comparing investment choices and costs. Sherry Johnson, 73, who lives in a suburb of Dallas, Tex. had rolled prior employer plans into an IRA when switching jobs. But when she left her final job five years ago, she found a good reason not to leave the 401(k). The plan offered a stable-value fund earning 3% in interest at the time. “It was a vehicle I couldn’t find on the open market,” says Johnson.

Johnson could have replicated just about every other investment choice with a rollover IRA, but not the stable-value fund. She considered the rate too good to give up. “I couldn’t find anything better,” she says. Even though the rate has dropped to 2.02%, it still beat the rate of a three-year certificate of deposit when Johnson recently reviewed her portfolio.

While reviewing investment choices, also look at costs. Company plans typically invest in a mutual fund’s institutional shares, which are generally less expensive than retail shares. Besides fund costs, ask your employer’s benefits department about the administrative costs, says Terry Dunne, managing director of the rollover solutions group at Millennium Trust Co .


Company size can make a big difference in costs: Large company plans can spread the costs among more participants and can often negotiate better deals with custodians. “Small 401(k)s tend to be expensive,” says Beach. “If you have a big plan, say the [federal] Thrift Savings Plan or Boeing’s, costs are usually pretty low.”

Compare the costs of your 401(k) to an IRA to see which gives you the better deal. Beach points out that the fee war that fund firms have been waging has cut investing costs significantly for IRA investors.

Beyond choices and costs, there are other reasons to keep money in a 401(k). Covered by federal law, “401(k)s have strong creditor protection,” says Tom Zgainer, chief executive officer of America’s Best 401(k). IRAs are covered by state law, and the strength of creditor protection varies from state to state. Anyone who worries about being sued may prefer to have their money more strongly guarded.

Your age at retirement might also provide an incentive for keeping the 401(k). If you leave your job in, or after, the year you turn age 55, you can tap that employer’s plan without getting hit by the 10% early-withdrawal penalty. That penalty stretches to age 59½ for money in an IRA or any previous 401(k)s.


SEE ALSO: 6 Tax-Smart Ways to Lower Your RMDs in Retirement

Late retirees can benefit from keeping money in their current employer plan, too. If you are still working past age 70½ and own less than 5% of the company, you don’t have to take required minimum distributions until you actually leave the job. You will still have to take RMDs from older 401(k)s you own and any traditional IRAs you own starting at age 70½. But see if your current company plan allows you to “roll in” money from other retirement accounts. That would allow you to avoid RMDs altogether until you retire.

If You Stick With Your 401(k)

Retirees who want to keep their money in a 401(k) should ask if costs will remain the same. Some plans require ex-employees to cover some administrative expenses.

But how easy it is to manage your money is also key. Besides being limited to preselected investment choices, companies may set other limitations. Quiz your benefits department on how distributions will work and how easily you can tap your money as you need it. For instance, if you need money monthly, but your plan will only allow annual distributions, you may need to rethink keeping money in your 401(k).

If, like Johnson, you own an IRA and a 401(k), you will have to take an annual RMD from each account. There is no mixing and matching RMDs between 401(k)s or between IRAs and 401(k)s. An owner of multiple IRAs can take the total IRA RMD out of any one or combination of the IRAs. An owner of multiple 401(k)s must take the RMD for each 401(k) separately.


And, says certified financial planner Jean Keener, of Keener Financial Planning. in Keller, Tex. “most 401(k)s usually will sell pro rata.” Instead of taking your distribution from one fund in your 401(k), the plan will sell investments based on the allocation of your account. If you have your assets distributed equally over five funds, 20% of your withdrawal amount would come from the sale of shares of each of the five funds, says Keener, who is also Johnson’s adviser.

One other hiccup with distributions from 401(k)s: inflexible tax withholding. Your former employer will automatically withhold a minimum of 20% from each plan distribution. With an IRA, you can choose to withhold no tax or a smaller percentage.

Besides being up to speed on your company plan’s rules for your distributions, check with your plan for its rules on what happens to the 401(k) money after you die. Find out how quickly named beneficiaries must empty the account. And be sure to ask whether heirs will be able to roll the account into an inherited IRA, so that they can stretch distributions over their own life expectancies.

SEE ALSO: 12 Reasons You Will Go Broke in Retirement

Alternative Routes for 401(k) Rollovers

Keeping your money in your 401(k) might not be the right move for you. But if you do roll money out of your 401(k), don’t assume you should roll all of it to a traditional IRA. Another type of account might make a better home for your rollover money.


Those who hold company stock in their 401(k) should consider rolling those shares into a taxable account to make use of a tax-saving break known as net unrealized appreciation, or NUA.

Here’s how it works: Say you have $100,000 of employer stock in your 401(k), with an original “cost basis” of $20,000 and $80,000 of unrealized appreciation. You move the company stock to a taxable account and owe ordinary income tax—of up to 39.6%—on the $20,000. As you sell shares from the taxable account, you will owe tax on the appreciation at the long-term capital-gains rate of no more than 20%, and perhaps 0% depending on your income.

In other cases, you should roll 401(k) money into a Roth IRA. A few years ago, the IRS said it was okay for taxpayers to isolate any after-tax contributions made to the traditional 401(k) and roll them directly to a Roth IRA. No pro rata calculation needs to be figured in this type of conversion, so the after-tax contributions move to a Roth with no tax bill triggered.

And if you aren’t retiring, but moving to a new job in your second act, you might want to roll money from your former employer’s 401(k) directly into your new employer’s 401(k). That will stave off RMDs if you are working past age 70½, and it can open up opportunities such as the “backdoor Roth.” That move lets high earners who can’t make direct Roth contributions put money into a Roth IRA.

By using the 401(k) strategically, high earners can do those Roth conversions tax-free. But it takes a few steps: You would have to roll all your deductible IRA contributions into the 401(k). That would leave only nondeductible contributions in your traditional IRA, which can later be converted tax-free to a Roth IRA.

SEE ALSO: 10 Financial Decisions You’ll Regret in Retirement

Acre Calculator #how #many #square #feet #in #an #acre


Acre Calculator

Acre Formula:

1 Acre = 43560 square feet

Acre Definition

The Acre Calculator will instantly calculate the acreage of any plot of land if you just enter in the width of the land in feet and the length of the land in feet. Converting from feet to acres is extremely easy with our FREE acreage calculator. Multiplying the length of the land times the width of the land (in feet) gives you the total land square footage and then converting that square footage into acres is as simply as clicking on the CALCULATE button.

The area of a piece of property is important for an owner or a potential buyer to know. The price is usually determined by the size of a parcel, so that is where most buyers and sellers begin a negotiation. Knowing the exact size that is calculated to two decimal points allows both the buyer and the seller to have precise figures as the basis for discussion. The “more or less (MOL)” description of a parcel is not a factor when the exact square foot area is known.

Our FREE Acre Calculator is easy to use, and it is very fast. There are only three steps to take when you want to find the square foot area of a parcel:

  1. Enter the land width (in feet) in a box below Acre Calculator.
  2. Enter the land length (in feet) in the space below the first box.
  3. Click the Calculate button.

You can use the Acre Calculator to find the square footage in a property that has uneven lengths or widths. For example, a parcel that is 70 feet wide but has a length of 160 feet on one side and 140 feet on the other is calculated in two steps. The first thing to do is subtract 20 feet from the longer side so the parcel then forms the shape of a rectangle.

  1. Enter 70 in the land width (in feet) space.
  2. Enter 140 in the land length (in feet) space.
  3. Click the Calculate button to find that the area is .22 of an acre.

The area that is the irregular portion of this parcel forms the shape of a triangle. So the dimensions that you need to enter into the Acre Calculator are 70 feet for the width and 20 feet for the length. The Calculate button produces the result at .04 of an acre. You remember basic math that finds the area of a triangle at half the size of a rectangle, so you need to add half of .04 to the total area of the parcel.

Variations in the length and width of parcels are common, owing to many factors that can include owner preferences, surveying errors, the curvature of the earth and others. You can use our FREE online calculator to quickly find the accurate square footage of an acre in just a few clicks. More often than not, the length and width are approximately the same, but a small deviation can make a big difference.

Property uses have to meet zoning requirements in most locales, and the regulations are very clear on the matter. If a parcel needs to form a full acre and you determine by way of our calculator that it falls short by even a small amount, then that difference can make or break a deal. Accuracy is important, and our calculator gives it to you.

How to Calculate Acre

Let’s be honest – sometimes the best acre calculator is the one that is easy to use and doesn’t require us to even know what the acre formula is in the first place! But if you want to know the exact formula for calculating acre then please check out the “Formula” box above.

Add a Free Acre Calculator Widget to Your Site!

You can get a free online acre calculator for your website and you don’t even have to download the acre calculator – you can just copy and paste! The acre calculator exactly as you see it above is 100% free for you to use. If you want to customize the colors, size, and more to better fit your site, then pricing starts at just $29.99 for a one time purchase. Click the “Customize” button above to learn more!

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Welcome! GSA eLibrary is your one source for the latest GSA contract award information. GSA offers unparalleled acquisition solutions to meet today’s acquisition challenges. GSA’s key goal is to deliver excellent acquisition services that provide best value, in terms of cost, quality and service, for federal agencies and taxpayers.

GSA offers a wide range of acquisition services and solutions utilizing a variety of tools, contract vehicles, and services to meet the customer’s specific needs including Multiple Award Schedules, Governmentwide Acquisition Contracts, Technology Contracts, and Assisted Acquisition Services. For more information on what GSA has to offer,visit

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