Since your resume may not contain the relevant experience that hiring managers are looking for, it’s important to use your cover letter as an opportunity to demonstrate why you are a good fit despite lacking that specific employment history. Before you start writing, though, be sure you’re clear on your goals for transitioning careers and that you’re positioned for a successful career change job search. Tips for Writing a Career Change Cover Letter Any good cover letter explains why you are qualified for the specific job....

The best part is that you don’t need to write a lengthy letter to express your thanks. Even a quick email message works well to let your manager know that their support is appreciated. Here’s information on when and how to say thank you to your manager, with examples of the best way to relay your appreciation to your boss. When To Thank Your Boss Here are some situations where a thank-you message is appropriate: Lends a hand....

Company Overview Serenity Insurance is unique because it specializes in insuring high-risk drivers, particularly those with alcohol-related offenses. The CEO and founder of Serenity Group, Inc. is Mr. Thomas A. Black and he established his company with a vision of helping drivers with alcohol offenses to get insurance and to deal with societal alcohol-related issues. It has been providing auto insurance to high-risk drivers for over 20 years. The company works in close relationship with alcohol treatment centers in supporting offenders and helping them get back on their feet....

The borrowers, who took out private student loans mainly between 2002 and 2010, will have nearly $1.7 billion in debt canceled, Navient and several state attorneys general announced Thursday. Navient, which denied any wrongdoing, will also pay $95 million in restitution—roughly $260 to each of about 350,000 borrowers with federal loans. The settlement with 38 states plus Washington, D.C. resolves claims going back to 2009. Navient and its predecessor companies, including Sallie Mae, were accused of steering struggling borrowers into forbearance plans instead of more affordable income-driven repayment plans....

Short sales are commonly initiated by distressed homeowners who are underwater on their mortgages (the loan balance exceeds the home’s fair market value) and can’t afford or otherwise keep the home but want to avoid foreclosure. But they can also occur if the accepted sale price on a home is higher than the mortgage but not high enough to pay all closing costs and commissions. In a successful short sale, the lender typically agrees to release the lien on the property in exchange for receiving the loan payoff....

Varying Degrees of Professional Appraisers Appraisers are like professionals in any other field—some are excellent, and some could not find a property with two maps and a flashlight. In some states, appraisers might not have to be licensed. Unless a seller has first-hand experience with a particular appraiser, there is no way to be completely confident the appraisal will be accurate. Appraiser Errors Appraisers can make mistakes. If the appraiser is unfamiliar with a neighborhood or its quirks that might detract from value, the appraisal might be incomplete....

What’s the best way for you to proceed in this situation—should you apply for the position and hope for the best, or not bother and move on to the next job opening? Should You Apply for a Job With a Low Salary Range? In this type of scenario, you often don’t have many options. If a company has this information listed in the job posting, it’s probably not a randomly chosen range....

To help guide your decision, we’ll discuss what business savings accounts are; cover their benefits and limitations; address the timing of when to open a business savings account; and answer some frequently asked questions on the topic. What Is a Business Savings Account? A business savings account can often be opened in conjunction with a business checking account. Typically, a business checking account is used for revenue and regular transactions such as paying bills and making purchases, and business savings accounts are reserved for storing funds....

Here’s how bonds in your IRA can help reduce taxes and maximize your returns. A Short IRA Review For those 49 and under, an individual retirement account allows investors to contribute $6,000 for tax year 2022, or the individual’s taxable compensation for the year if less. People over the age of 50 can contribute $7,000 for 2022, which includes catch-up contributions. For 2023, those limits are $6,500 and $7,500, respectively....

There are certainly some benefits to automating a strategy, but there are also some drawbacks. The thing to keep in mind is that rarely is making a ​boatload of money easy. The promise of easy money is the oldest trading scam in the book. There is money to be made with trading robots and learning to automate strategies. Unfortunately, to this do effectively could actually take longer than simply learning how to trade manually, since a person needs to learn how to trade first, and then still learn how to automate the strategies via a programming language....

A business is solvent when it is able to pay its debt obligations, which include the portion due of the principal and the interest on the long-term and short term-term debts. The business becomes insolvent when it stops being able to pay those. Small businesses need to keep track of their expenses and debts because insolvency can lead to bankruptcy. Knowing the signs of insolvency and evaluating the possibility of bankruptcy is important to keeping your business afloat....

Lockbox systems help businesses collect payments more efficiently. Instead of handling incoming payments yourself (and waiting for those payments to move through the mail), payments go to a lockbox, and the bank can collect those payments, capture information about the transaction for your record-keeping purposes, and even put the money into your business account. Identifying what bank lockbox systems offer can help you determine whether it’s a worthwhile addition to your accounts receivable system....

Learn more about skillsharing and how it can boost your career. What Is Skillsharing? Skillsharing occurs when people share their skills with others. While it can happen in a formal setting like a classroom, skillsharing can also occur casually at meetups, community centers, and even in people’s homes. How Skillsharing Works Skillsharing can occur online or in-person. Some communities have set up ongoing skillsharing groups and events. You can sign up to share a skill or learn from others with experience....

There is nothing to lose, and much to gain, by taking the following five short-term retirement-planning steps as soon as possible. Increase Cash Reserves Applying for pensions and Social Security, and setting up withdrawals from IRAs and 401(k) plans take time and paperwork. Things can be delayed, and you might not get your first pension check on time, so you’ll want to be prepared for a potential glitch or two along the way....

Learn more about how to use a summary of qualifications on your resume. What Is a Summary of Qualifications? A qualifications summary section of a resume is an optional customized section at the beginning of a resume. It lists key achievements, skills, experience, and the qualifications that are most relevant to the position you’re applying for. This summary should be placed at the top of your resume under your name and contact information....

A Deutsche Bank survey of more than 600 market professionals around the world taken Oct. 6-8 showed an overwhelming majority (71%) expect stocks to lop off at least another 5% by then. Sixty-eight percent predicted a similar decline in September, Deutsche Bank noted—correctly, as it turned out. In the U.S., September saw the first monthly decline this year in the Standard & Poor’s 500, which lost about 5%. In the last week alone, the index shed 1....

The U.S. Department of the Treasury used the funds to inject capital into banks and other businesses that had been spiraling toward failure since the 2007 banking liquidity crisis. The Treasury did this by purchasing shares and bonds from failing banks and companies. The Federal Reserve—whose job is to ensure the U.S. financial system, and thus the economy, does not fail—had done all it could with its expansionary monetary policies....

There’s no limit to the amount of money or the number of accounts that can be passed to beneficiaries in this way. However, beneficiaries should be aware of the potential tax and other consequences of inheriting a POD account before they start spending any money. Payable on Death Income Taxes The value of a POD account generally will not be included in your taxable income, because bequests aren’t taxable as income....

Whether your small business is downtown or runs out of your basement workshop, there is a security system built for your needs. Here are the best security cameras for small businesses available. With the dedicated app, you’ll get instant notifications and a direct video and audio feed to assess risks. You can also set up package detection alerts to prevent theft and create custom activity zones to focus on high-traffic areas....

Each episode averages less than an hour, so it’s easy to make this podcast part of your weekly routine and is appealing to a wide audience. Raz has a prolific journalism career, having worked in some of the world’s most conflict-ridden regions; I’d imagine that interviewing friendly entrepreneurs is a welcome break for him, and that listening will be a delightful break from your daily grind. While HBR’s research and most of its articles are tucked behind a paywall, listening to this podcast is completely free....