Annual Percentage Rate - Financial IQ by Susie Q

The interest rateThe percentage which, when multiplied by the face amount or principal of a financial instrument, such as a bond, savings account or loan, determines the amount of interest that will be paid to or by t... More adjusted to reflect any associated expenses, such as closing costs, mortgage insurance or loan origination fees. Annual percentage rates are always stated before consideration of the impact of any compounding.

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Recovery from Financial Disaster October 15, 2019

Ever wonder how you’d handle a complete reversal of your finances? I have a friend who had a lifestyle most people would envy and lost everything, including her marriage. I didn’t meet her until after her recovery from her financial disaster. She is one of the most resilient, generous people I know and was kind […]

Susie Q

Top Ten Posts in Our First Year October 8, 2019

Financial IQ by Susie Q celebrated its first birthday last week. In the first year, we published 52 posts on our site, two of which were guest posts from other authors, and published two posts on other blogs. In case you haven’t had time to keep up with reading the posts as they are published, […]

Susie Q

Umbrella Insurance Reduces Your Risk September 26, 2019

Umbrella insurance provides broader coverage and more limits than your auto and homeowners policy for liability claims made against you. In this post, I’ll provide: An explanation of what liability is. A description of what is covered under an umbrella policy. An illustration of how the limits work. Some examples that compare the cost of […]

Susie Q

Annual Retirement Savings Targets September 12, 2019

Once you know how much you want to save for retirement, you need a plan for building that savings. Your annual retirement savings target depends on your total savings target, how many years you have until you want to retire and how much risk you are willing to take in your portfolio. In this post, […]

Susie Q

Retirement Savings: How Much Do You Need August 27, 2019

Retiring is one of the riskiest financial decisions you will make. On the day you retire, you can calculate your net worth. You won’t know, however, how much retirement savings you need because you don’t know: how much you will actually spend on day-to-day expenses how much those expenses will be impacted by inflation whether […]

Susie Q