Reviews Wisely Scam, Legit, Is It Worth It?

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Reviews Wisely Scam, Legit, Is It Worth It? 1

Is Wisely the Ultimate Tool for Personal Finance and Investing? Managing personal finances and investments has never been easier than it is today, thanks to a plethora of budgeting and investment tools available in the market. On the other hand, the vast array of personal finance tools and finance apps out there makes for a difficult time figuring out which ones are right for you. One popular and emerging platform that has recently grabbed the attention of both beginners and experts alike is Wisely. To find out, I put Wisely through an in-depth analysis highlighting Wisely’s features, benefits, and drawbacks to help you make an informed decision. One of the best features of Wisely is that Wisely is from ADP, the country’s largest payroll provider. One of the concerns about if Wisely is a scam is that it is from ADP, the country’s latest payroll provider. After all, doesn’t your employer and its payroll company already know enough about you? What Wisely Reviews Say Some of the short Wisely reviews say it is a personal finance and investing application that promises to streamline your entire financial life. The developer’s aim is to create a product that acts as a one-stop …

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Credit Bureau Phone Numbers

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Credit Bureau Phone Numbers 2

Why would you need credit bureau phone numbers? Your credit score is a critical component of your financial wellbeing. Your credit score is computed from the information in one of your credit reports. Those credit reports are maintained by the major credit bureaus. If there is an issue with your credit report, you’ll have to fight your way through the standard red tape of major corporations with the added complication that you aren’t really the credit bureau’s customer, so they really aren’t very interested in hearing from you in the first place. Finding a useful credit bureau phone number is, therefore, sometimes tricky. Before Calling a Credit Bureau Before you grab your phone and dial hoping to get credit bureau phone numbers live person access, consider whether or not calling the credit bureau will actually be useful to you. For example, if there is some incorrect information on your credit report, it may be better to dispute the wrong information in writing. Even if you call directly to the CEO, disputes still have to be made according to the credit bureau’s dispute procedure, so calling the wrong number is a waste of time. Also, if you wish to enter your …

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Are High Interest Checking Accounts Worth It?

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high interest checking account

There are a lot of high-interest checking accounts out there these days, but is a high-interest checking account worth it? The answer depends not only on how you use your checking account, but also the details of each account. As is so often the case with personal finance, the devil is in the fine print details. Be sure to understand all of the fine print before rushing off to transfer your checking accounts. Check out my Acorns review. High-Interest Checking Account Qualifications The first thing you want to look at is how to qualify for a high interest checking account. At most banks, getting the highest interest rate on your checking account requires you to make a minimum number of debit card transactions. That is because the bank earns money on each one of those transactions. In a way, with every debit card purchase you make, you earn the money the bank uses to pay you the higher interest. You also are usually required to get a direct deposit into the checking account each month. For many people, the only direct deposit they could get on a monthly basis is their paycheck. The idea is that by requiring a direct …

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Acorns Investment Portfolio Review

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acorns investment performance

Recently, I did a review of the Acorns app. If you are not already familiar with the Acorns savings and investing app, you should read that for an introduction how to use Acorns first. It also covers questions like Is Acorns safe, What are Acorns fees, and If Acorns is legit. Essentially everything you would expect in an honest Acorns review. Now, let’s take a look at Acorns funds and how they invest your change. Are Acorns Investments Good Portfolios? The idea of the Acorns automatic money savings app is that it rounds up all of your transactions and automatically invests that money for you. There are some nuances about how Acorns works you should understand first. Money is only transferred once the minimum round-up amount is $5, and it only happens once per day, unless you use the Acorns debit card or Acorns checking account. Before we get too in-depth here, it is important to remember a few things. First, when you get started with Acorns, we are talking about a very small amount of money. That means that as far as real dollar amounts go, the difference in percentages won’t be big. For example, if you have $100 in …

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Plynk Reviews – Plynk Invest Scam Legit Worth It?

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plynk reviews

Plynk is another investment app similar to Robinhood, Wealthfront, and Webull. In our Plynk reviews we take a look with a Plynk investment app review to determine is Plynk a scam, is Plynk legit, and is Plynk worth it. As of today, Plynk offers a $20 deposit bonus and a $22 matching bonus for up to $42 in bonus cash upon deposit of $22. Let’s take a deeper look at the Plynk investing app. What Is Plynk? What is Plynk anyway? Plynk is another entry into the so-called world of fintech, or financial technology. With most standard online brokers like Schwab and Fidelity already offering free stock trades, apps like Plynk need to diversify further than just being free. Plynk’s attempt at individuality is that Plynk allows free stock purchases, or fractional share purchases with as little as $1. Then, there is a self-guided tool called Plynk Explore that will suggest investments based on the questions you answer. Finally, Plynk claims to be the most user-friendly interface by, among other things, “eliminating jargon.” There is also a Learn Plynk section that appears to be a bunch of blog posts about investing concepts. How Does Plynk Work? Like other micro-invest apps …

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Is My Colorado Refund Tax Free?

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Colorado income taxes delay

The IRS decides some of your Colorado refund is tax free, but it’s the IRS, so it can’t be that simple. Colorado Cash Back Refund Is Tax Free I don’t know how good your memory is, but in 2022, Colorado officials realized that Colorado residents would be in line for big Tabor refunds for 2022. Usually when Colorado gives out TABOR refunds, you get it as a part of the Colorado State income tax that you file tax returns for in the early part of the following year. For example, the 2022 TABOR refunds would normally be a part of your 2023 income taxes (part of it still is). However, with the economy potentially sputtering to a halt and the end of the various federal income tax refunds sent early to prop up a post-Covid economy, Colorado politicians decided that they would send out some of the 2022 TABOR refunds in the fall instead of waiting until folks got around to filing taxes that are due in April 2023. To pull this economic transfer off, Colorado officials had to anticipate how much the TABOR refund of 2022 would be with only half of the year’s data, so they picked a …

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2024 Section 179 Deduction Limits for Small Businesses Taxes

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small business section 179

Small business tax deductions are important in order to offset high business taxes levied against small business owners and entrepreneurs. This is especially true for work from home entrepreneurs who file as sole proprietors, or as a Limited Liability Company aka LLC, with sole proprietor tax status. Small business owners can get hit with high tax bills thanks to Self-Employment Taxes. Self-employment tax, or SE Tax, is so high because it includes taxes that would usually be paid by the employer. In a typical employer-employee scenario, the employee pays 6.2% in Social Security Taxes. The employer withholds this amount from the employee’s paycheck. What many people don’t realize is that the employer also pays 6.2% in social security tax for the employee. A small business owner that files as a sole proprietor is on the hook for the whole amount! The self-employment tax rate – sometimes called the SE tax rate – is 15.3%, which is 12.4% for social security taxes plus another 2.9% for Medicare taxes. That 15.3% is on top of regular Federal Income Taxes. A successful small business owner in the 30% tax bracket, pays a blood curdling 45% tax rate. And that is before adding Medicare …

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Cathie Wood and Ark Innovation Reviewed

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Cathie Wood ARK Innovations ARKK

Cathie Wood is the chief executive and fund manager behind a series of tech-focused ETFs. The most well-known is ARK Innovation ETF (ARKK). The fund describes itself as investing in “disruptive innovation” which they define as companies with new technological products or services that “potentially change the way the world works.” That’s a pretty lofty description. In the vein of our popular look at the track record of Jeremy Grantham, let’s take a look at Cathie Wood and ARK Innovation. The ARK Innovation Fund There are two major pieces to the ARK Innovation Fund. One is an actively managed ETF that invests primarily in tech companies that have new, or “gee whiz” products. Main investments are unsurprising in companies like Tesla and Zoom (totaling almost 17.5% of investments as of 02/06/23). Another 7% in Roku makes me nervous for a company that seems to be running out of road on the way to a dead end. I mean, the Amazon Firestick is better than the Roku stick, and between Apple TV+, and smart TVs, and cable companies, I’m not sure where Roku fits in the rapidly consolidating future of entertainment. — Maybe that’s the point. Is Roku ready to be …

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Free ATM Fees

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atm fees charges

If you are still paying ATM fees, it’s time to find a new bank. Too many customers have gotten used to paying ATM fees, but there is no reason for it. Good banks, credit unions, and financial institutions all have multiple options to use ATMs for free, including, in some cases, refunding ATM charges. Keep in mind this all applies to checking accounts or checking-linked accounts. Savings accounts and money market accounts have different rules and restrictions. After all, savings accounts are not designed for frequent fund access, that’s why they pay you higher interest rates. Check out my Digit reviews. High ATM Fees It used to always surprise me as a financial advisor in the Denver area how many people would proudly tell me about all of the hoops they jumped through to get a credit card with zero interest for six months, or how to get a fraction of a percentage higher interest rate on their savings account, only to later learn that they were shelling out for much worse charges like ATM fees. Sure, six months of free interest on a hefty credit card balance is probably worth more than $5 or $10, but getting that extra …

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