What percentage of pending home sales fall through (March 2023)?

homebuyer in the US

Home-buying is a complex process that involves multiple steps, from finding the right property to securing financing, negotiating contracts, and completing the closing process. However, even after making it to the final stages of a home purchase, there is still the possibility that the deal may fall through. According to Trulia’s most recent data, only … Read more

What percentage of your portfolio should be in annuities?

[et_pb_section fb_built=”1″ _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”] Wade Pfau, a professor of retirement income at The American College of Financial Services, recommends that annuities should account for no more than 20% to 40% of your retirement savings. For inflation protection and easier access to your money, the … Read more

What percentage of total sales in the United States is generated by sole proprietorships?

[et_pb_section fb_built=”1″ _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”] The Internal Revenue Service (IRS) estimates that sole proprietorships make up between 71 and 75 percent of all firms in the US. The vast majority of sole proprietorships are small businesses. They account for only approximately 6% of total sales … Read more

What percentage of income should go to student loans?

[et_pb_section fb_built=”1″ _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”] There is no definitive answer to this question since it depends on many factors, including the person’s income, student loan debt size, and other financial obligations. However, a decent general guideline is to allocate at least 10% of your income … Read more

What percentage of eligible persons must a policy cover in a noncontributory group?

  In a noncontributory, 100% of eligible persons (employees) must be covered by the policy. The norm for insurance businesses is that noncontributory plans must enroll all eligible employees. The standards for deciding who is qualified to participate in the plan may be established by the employer.   What is a noncontributory pension plan? Any … Read more

What percentage of a debt is typically accepted in a settlement?

[et_pb_section fb_built=”1″ _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”] Depending on whether you’re working with a debt collector or the original creditor, a creditor will usually agree to accept 40% to 50% of the debt you owe, though it might be as much as 80%. In either situation, your … Read more

What percentage of your gross salary does the Consumer Financial Protection Bureau suggest your student loan payment be?

Depending on your repayment, income, living costs, and other loans, you can have too much student loan debt. The Consumer Financial Protection Bureau suggests that your student loan payments should typically not exceed 10% of your gross monthly income. What is the Consumer Financial Protection Bureau? A regulatory body tasked with keeping an eye on … Read more

What percentage of wealth should be Zakat?

[et_pb_section fb_built=”1″ _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.17.3″ _module_preset=”default” global_colors_info=”{}”] Zakat is a form of almsgiving to provide for the poor and needy. It is one of the five pillars of Islam. The basic formula for calculating Zakat is 2.5% of wealth over the course of financial year. This percentage … Read more