What is a Hardship Withdrawal? A hardship withdrawal is an urgent removal of funds from a retirement plan and is usually done in emergency situations. Conducting a hardship withdrawal is considered a “special distribution,” which is exempt from any sort of financial repercussions if the withdrawal meets specific criteria. Due to immediate need, a hardship withdrawal…
What is a Hard Inquiry? A hard inquiry is a credit information report that is requested by specific organizations and lenders in order to evaluate potential credit risk. If a hard inquiry is requested, it will generally cause some negative impact and reduce the amount of points on the borrower’s credit score. Hard inquiries are…
What is Hard Money? Hard money comes with many different meanings depending on the context and can relate to currency, loans, and political donations, to name a few. In general, it refers to a specific funding chain that is generally provided by a government agency or other financial organizations. Rather than a one-time permit, hard…
What is a Financial Plan? A financial plan is a document that covers an individual’s current financial situation, short-term and long-term economic goals, and an in-depth strategy to achieve the goals. A financial plan should incorporate every aspect of an individual’s finances, which include savings, investing, debt, insurance, taxes, retirement, and an assortment of other…
What is the Klinger Oscillator? The Klinger oscillator is a financial tool that was designed by Stephen Klinger in 1977 to predict long-term trends in money flow while also detecting short-term fluctuations. In addition, it predicts price reversals in a financial market by extensively comparing volume to price. Volume refers to how many units of a…
What is the KOF Economic Barometer? The KOF Economic Barometer is a leading composite indicator that is used to provide a reading or measure of the direction of GDP growth in the Swiss economy. The KOF Economic Barometer compares Swiss GDP growth from the same quarter in the previous year. For example, if it were…
What is a Kicker Pattern? A kicker pattern is a security’s price charting pattern that is identified by a drastic reversal in price over the span of its distinct two-bar candlestick formation. Kicker patterns are prominent in the technical analysis world because they act as predictors for changes in the direction of an asset’s price…
What is Electronic Retailing (E-tailing)? Electronic retailing (e-tailing) is an internet-based sales platform where consumers are able to buy and sell goods online directly from a business without physically inspecting the goods. When retailing is done completely online, organizations are faced with a plethora of different challenges and difficulties when constructing their business model. When…
What is an Enrolled Agent (EA)? An enrolled agent (or EA) is a federally authorized tax specialist that operates to provide advisory services to American taxpayers about matters concerning the Internal Revenue Service (IRS). Achieving “EA” status is considered the highest credential awarded by the IRS and is legally recognized throughout all 50 U.S states….
What are Candlestick Patterns? Candlestick patterns are a financial technical analysis tool that depicts daily price movement information that is shown graphically on a candlestick chart. A candlestick chart is a type of financial chart that shows the price movement of derivatives, securities, and currencies, presenting them as patterns. Candlestick patterns typically represent one whole…
