|
Stocks post back-to-back gains as traders remain optimistic for U.S.-Iran deal: Live updates CNBCWall Street rallies to the edge of its all-time high as oil prices ease Los Angeles TimesStock market today: S&P 500, Nasdaq rally toward record highs, oil tumbles as Iran deal optimism grows Yahoo FinanceWall Street rallies on renewed hopes for US-Iran talks, earnings boost Reuters
|
|
Stock Market Today: Oil Slips Below $100 Amid Hopes of More Talks — Live Markets WSJStock market today: Dow, S&P 500, Nasdaq futures mixed amid Iran deal hopes, earnings rush Yahoo FinanceOil Prices Slip and Stocks Gain as Investors Eye Possible Path to Peace The New York TimesWall Street ends up 1%, erases all losses since the start of the Iran war Investing.com
|
|
LAUSD strike averted: Tentative deal reached with SEIU Local 99, schools to open Tuesday ABC7 Los AngelesLAUSD strike averted; schools open Tuesday as unions reach tentative deals with raises Los Angeles TimesLos Angeles Unified School District prepares for possible school closures as negotiations continue ahead of looming strike ABC7 Los Angeles
|
|
US-Iran peace talks could resume in next two days, Trump says The GuardianLive updates: Trump hints US-Iran talks could resume over next two days CNNTrump says Iran talks may renew; Mossad chief: Our mission isn't over until regime falls The Times of IsraelMore U.S.-Iran peace deal talks
|
|
How geography powers Iran's grip on the Strait of Hormuz, despite U.S. blockade The Washington PostU.S. Oil Blockade Is Set to Boost American Exports—and Prices at the Pump WSJMore U.S.-Iran peace deal talks are in discussion, White House says CNBCFresh Iran talks could begin this week as US continues blockade on ports Fox News
|
|
A published report says that United Airlines has pitched senior government officials on whether it could get permission to merge with American Airlines, a transaction that if completed would lead to carrier controlling a third of the market.
|
|
Donald Trump says Iran is keen to strike a deal as US blockade of Strait of Hormuz continues
|
|
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
|
|
