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The 90–10 rule refers to a U.S. regulation that governs for-profit higher education. It caps the percentage of revenue that a proprietary school can receive from federal financial aid sources at 90%; the other 10% of revenue must come from alternative sources. Not all federal sources of financial aid fall under this cap.
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These policies are often low face value whole life insurance policies, allowing individuals (ages 50-90) to purchase affordable insurance later in life. These may also be marketed as final expense insurance or burial insurance and usually have death benefits between $1,000 and $50,000.
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.
If you're making $60,000 a year in salary, dividends and anything else, you should aim for 10 times $60,000, or $600,000 in assets by the time you retire. If your income dips to $50,000, then ...
70/20/10 — 70% for necessary living expenses, 20% for debt repayment and savings and 10% for investments or charitable contributions 60/20/20 — 60% for necessary living expenses, 20% for ...
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