When comparing options whose strike prices (the set prices for the puts or calls) are equally far out of the money (significantly higher or lower than the current price), the puts carry a higher premium than the calls. They also have a higher delta, which measures risk in terms of the option’s exposure to price changes in its underlying stock. Price Determinants One driver of the difference in price results from volatility skew (the difference between implied volatility for out of the money, in the money, and at the money options)....

You have a limited amount of time in which to grab their attention: less than eight seconds, to be exact, according to one study. Obviously, you don’t want to waste any of that time telling them what they already know from the subject line of your email or the requisition number in the applicant tracking system. Here are the better alternatives to a resume objective: Branding Statements and Profiles A branding statement or professional profile has taken the place of the objective for most resume writers....

Workers’ compensation benefits provide monetary awards to employees who have been injured or became ill on the job. Benefits may also be awarded to dependents of workers who have been killed because of a work-related accident or illness.  Workers’ Compensation Exemption In all states, businesses hiring employees must pay for state workers’ compensation insurance coverage to protect both the workers and the business in the event that an employee becomes injured or ill due to a workplace accident....

Willie B. Thomas / Getty Images That’s the upshot of a report that showed a broad shift in spending away from goods and toward services between March and April. A decline in purchases of things like furniture, clothing, and groceries was more than offset in April by increased spending on eating out, recreation, hotels and transportation as vaccinated travelers ventured out into a newly opened world. Spending on services increased 1....

However, there are some signs that can help you determine if your interview was successful. Take a look at these common tip-offs that your interview went well. Bonus points if the interviewer referred to “you” in the role. For example: “You would be reporting to Martha, the digital marketing manager, each day.” When hiring managers talk this way, it means they can foresee you in the role. Listen to how your interviewer responds when you answer questions....

Below are things you need to know about how these IRA rollovers and transfers work, and what you can and cannot do. Moving Funds While Still Employed Most company retirement plans do not allow you to move funds out of the plan while you are still employed. To find out if they do, you can call your plan sponsor, and ask if they allow what is called an “in-service distribution....

A 15-year mortgage minimizes your total borrowing costs and lets you pay off your mortgage in half the time. However, a 30-year loan has lower monthly payments, and that can free up some of your money to save for other goals or to pay for unanticipated expenses. What’s the Difference Between a 15-Year and a 30-Year Mortgage? The higher monthly payments associated with a 15-year mortgage might not be affordable for you, however....

Your Life Phase Spending in retirement can be broken into three phases: the go-go years, the slow-go years, and the no-go years. Spending is high during early retirement (the go-go years). Retirees travel, shop, golf, fish, and actively enjoy their free time. Depending on their health, this phase spans ages 55 to 75. Then come the slow-go years. Whether due to health or simply age, you stay home more. You shop and travel less....

In a survey carried out by The Balance, 35% of U.S. adults said President Biden bears the most blame for price increases and surging inflation. But the president wasn’t alone in catching heat in the survey, which was conducted in late June and early July. About one in five respondents said the pandemic was the most to blame, followed by corporations (13%) and Congress (10%). When respondents were asked to name who was “responsible” (rather than limit themselves to who was “most responsible”), the pandemic crept to the top with 50% of responses....

About 1 in 4 people surveyed by The Balance say they are dating, and nearly all of them (90%) reported that inflation has impacted their dating life. But that doesn’t necessarily mean they’re not dating at all—1 in 3 daters surveyed say they are more likely to meet virtually as opposed to in-person because of rising costs. Netflix and Chill Over Dinner and a Movie Over one-third of daters surveyed said they are trying to spend less money on dates, with 40% saying they are more likely to suggest free activities instead, making it the second most common response to inflation among daters in the survey....

457(b) vs. 401(k) Plans Government employees include officials at the state or local level, public school teachers, county and city workers, law enforcement, and first responders. Nonprofit and for-profit companies, as well as some government bodies that began the plans before May 6, 1986, may offer 401(k) plans. The Employee Retirement Income Security Act of 1974 (ERISA) doesn’t cover 457(b) plans, but it covers 401(k) plans. Plan Limits The salary deferral limit is how much of your pre-tax pay you can divert to a 401(k) plan....

You may be wondering whether you should include your student loans in your debt payment plan or whether you should worry about paying off your student loans early. If you’re able, there are several good reasons to focus on paying off your student loans as soon as possible. 1. Your Debt-to-Income Ratio One good reason to pay off your student loans is that it will lower your debt-to-income (DTI) ratio, which measures how high your monthly debt payments are, compared to your monthly income....

But as it turns out, these money misconceptions aren’t just untrue, they also can be downright bad financial advice. Learn more about the most common money misconceptions, plus how to handle your money the right way from the beginning. A Good Salary Equals Financial Security One common misconception is that once you make a good salary, you will be financially secure. Even with a good salary, it can be difficult to pay the bills....

Contracts are legal documents and if they are valid, they can be taken to court. That means you can be taken to court to uphold your end of the contract. Whether it is a real estate contract, business sale agreement, employment contract, or contract between you and a customer or vendor, you can use these guidelines. What All Contracts Must Have In addition to the elements that make a contract valid (enforceable in court), all contracts must: · Be clearly stated....

But some cards go above and beyond with unusual benefits and rewards redemption options that don’t get a lot of fanfare even though they probably should. Depending on your lifestyle, we’ve researched and found some cool perks and rewards that can be incredibly appealing. Free Days at Museums If you have a Bank of America or Merrill Lynch-branded credit or debit card, you’re eligible to get into more than 225 museums across the U....

If you are looking to diversify your investments, hedge your risk, or gain exposure to a certain industry or market, then ETFs may be the perfect asset for your portfolio. Here are some more details on why so many investors love ETFs. ETF investing essentially provides the same diverse group of holdings with a single transaction. You can think of each ETF share as its own mini-portfolio—a basket of partial stock shares....

The Science of Self-Care, Habit, and Routine Practicing financial self-care means developing habits that work for you and reflect what you’re trying to achieve with your money. Those money habits can look very different for different people, but what’s most important is consistency in practicing them. One thing that can stand in the way of financial self-care is a bad money habit. Charles Duhigg, a Pulitzer Prize winner and author of a bestselling book about habits, says the key to creating a new habit is to identify cues (the trigger of a habit) and the resulting rewards (habit)....

Your system should give you accurate and useful information so you can see how you’re doing and you know when to act. These five easy steps will help you create a simple financial record-keeping system: capture, check, record, review, and act. Capture the Information ​If it isn’t there, it doesn’t exist. Get in the habit of capturing everything as you start your business. After a while, it will become automatic....

Advantages of Bond ETFs For starters, you’ll save money, as bond ETFs tend to have a lower cost of entry than an individual bond would entail. Bond ETFs can provide more consistent characteristics in terms of risk, and you’ll be able to increase your diversification because you’ll be investing in a group of bonds within each fund. It’s easier to get into and out of bond ETFs, as you can trade them on the market just as you would stock....

New York City Property Tax The New York City Department of Finance values residential and commercial properties. A tentative value assessment is sent out to property owners on May 1 each year for most communities. A final assessment is then sent out if there aren’t any changes. New York City assessments are based on percentages of market value. The percentages can vary based on the type of property. Property tax rates are set each year by the mayor and by the city council....