napkin-finance-bitcoin-e1506909115962 – Napkin Finance
MENUMENU
  • College
  • Credit
  • Economics
  • Entrepreneurship
  • Insurance
  • Investing
  • Real Estate
  • Retirement
  • Taxes
  • See All...
  • Courses
  • Book
  • Partner With Us
  • Resources
Napkin Finance
MENUMENU
  • Browse Topics

        • Subjects

          • College
          • Investing
          • Credit
          • Real Estate
          • Economics
          • Retirement
          • Entrepreneurship
          • Taxes
          • Insurance
          • See All…

        • Life Events

          • Leaving The Nest
          • Getting Married
          • Buying A House
          • Starting A Family
          • Getting Ahead
          • Reaching Retirement
  • Courses
  • Book
  • Partner With Us
  • Resources
Search Login Join

Napkin notes

Our latest insights.

October 16, 2017

napkin-finance-bitcoin-e1506909115962

Read more

Stay in touch

Sign up for the Napkin Finance newsletter to receive our exclusive insights (with a touch of humor) delivered to your inbox.

We've talked about #Trusts, now let's talk about # We've talked about #Trusts, now let's talk about #Trustees. A trustee can be an institution or an individual that is given the power to manage and administer someone’s financial affairs or a pool of assets. This can include managing property, overseeing financial accounts, or other types of financial decision-making. Trustees most commonly administer trusts, but they can also: ✅ Manage the assets of a charity. ✅ Oversee the investment of certain types of retirement plans or pension funds. ✅ Help manage the finances of a person who has filed for bankruptcy to ensure the person meets his or her obligations to creditors as dictated by the court. A trustee’s responsibilities include: ➡️ Investing and managing trust assets ➡️ Distributing trust income or assets to beneficiaries according to the terms set out ➡️ Approving or denying beneficiaries’ requests for money For example, if a young beneficiary wants to withdraw $20,000 from his or her trust to go to @coachella, the trustee has to decide whether or not to approve the withdrawal. Have you ever been a Trustee? Click the link in our bio or today's stories to learn more, as well as other Finance Facts in 30 seconds or less!
Always drive safely. 😉 Did you know that New Ha Always drive safely. 😉 Did you know that New Hampshire and Virginia are the two states that don’t require drivers to carry insurance? (Though in Virginia you have to pay a $500 annual fee to drive uninsured.)
A trust is a legal document that allows a person ( A trust is a legal document that allows a person (the trustee) to hold the assets of someone else (the grantor) and eventually give that property to a beneficiary at some point in the future. Many people view trusts as only for the uber wealthy who want to leave their riches to their kids. However, there are many reasons anyone might want to create a trust, including: ✅ Providing for family and friends in the future ✅ Paying education expenses for children or grandchildren ✅ Establishing a charitable fund ✅ Controlling how beneficiaries care for certain property and how it’s distributed ✅ Managing assets in case of disability or incapacitation ✅ Maintaining privacy after death ✅ Protecting assets from creditors ✅ Avoiding a lengthy probate process There are usually fees involved in setting up a trust. And, while you can go it alone with an online template, experts recommend meeting with an estate planner or attorney to make sure it’s exactly what you want. The process tends to look something like this: Choose what you’re putting in the trust (real estate, stocks, money, life insurance, etc.) ↓ Pick out the beneficiary or beneficiaries ↓ Set rules for asset distribution (e.g., after a child turns 18 or graduates college) ↓ Choose a trustee (family, friends, or even a professional) and talk through your plans ↓ Meet with an attorney to discuss your plan, review any tax issues, and draft the trust document ↓ Sign the trust document, preferably with witnesses, and get it notarized (if required or preferred) Click the link in our bio or today's stories to learn typical types of trusts and more.
😉💸 😉💸
Yield is the earnings generated by an investment o Yield is the earnings generated by an investment over a specific period of time, expressed as a percentage.  Although you can calculate monthly or quarterly yield, most investors look at yield from an annual perspective. At its most basic, you calculate yield by dividing the net return (including interest earned and dividends) by your initial investment. So, if you invested $10,000 in a software company and earned $300 in interest and dividends for the year, your yield is 3% because 👇 $300 / $10,000 = 0.03 x 100 = 3% Investors rely on yield to make sure they’re putting their money in the best possible investments. They can calculate yield to compare different investment options and decide which will be the most profitable. A higher yield usually means that an investor can earn more off their investment, while a lower yield probably won’t bring in as much income. Generally, as risk increases, so does yield. For example, you might not earn too much on a bond issued by the federal government, but there’s also a pretty low risk of default. Same goes for stock from a well-established company (think, @mcdonalds or Johnson & Johnson). On the other hand, a tech startup might have a high yield, but there’s also a greater risk that company will fail. Yield and total return are both expressions of investment income, but they differ slightly: ➡️ Yield includes dividends and interest. Often an investor looking solely at yield will be income focused, with a goal of preserving their initial, principal investment. ➡️Total return is a more complete picture of investment income. It includes dividends and interest along with capital gains and distributions. An investor focused on growth will likely rely more on total return. Click the link in our bio or today's stories to learn more. 🤓
Napkin Finance

Company

  • About
  • Contact Us
  • Blog
  • Press
  • Shop
  • Privacy Policy
  • Terms of Service
  • Cookie Policy

Location

Created in Los Angeles, CA

  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • English
  • Español

Copyright© 2022 · NAPKIN FINANCE · ALL RIGHTS RESERVED

Napkin Finance
  • Sign in
  • Sign up

Forgot your password?
or continue with
By signing up, I agree to Napkin Finance’s Terms of Service and Privacy Policy.

or continue with

The simple information you need
to clean up your not-so-simple finances.