Sarah Li Cain

The meanings of “rich” and “wealthy” are subjective.
Whether you’re rich can depend on location, life stage, and other factors.
Averages are meaningful, but medians provide a clearer comparison.
Do you ever think about your finances and wonder whether you’re rich? Beyond gazing at, say, your neighbor’s seemingly nicer house or car or some wish-list couture you saw on Instagram, how do you really know where you stand?
The topic that can be awkward to discuss with others. But, ultimately, level...

Personal liability is a type of coverage the best renters insurance companies offer on your policy that helps protect you if someone gets hurt in your apartment or if you get sued.
Liability coverage is a standard part of renters insurance and is coupled with personal property and additional living expenses. Here’s what to know about renters insurance and personal liability coverage.
What Is Personal Liability Insurance for Renters?
Renters liability insurance is part of renters insurance cov...

The total cost depends greatly on whether you do it yourself or use a lawyer or mediator.
Divorce costs can include budget adjustments, moving, and court fees.
Create a budget and learn how to file income taxes to stay ahead.
Divorces are costly—upwards of $10,000 on average; however, the total cost is highly individual. Aside from court filing and lawyer fees, other factors include moving expenses, your new budget, and how you’ll divide assets. Consider all aspects to help you estimate what ...

Interest rates aren’t showing signs of slowing down anytime soon, especially as the U.S. economy continues to be resilient. In addition to limited supply, competition for housing may still be fierce in some regions of the country. Staying relevant amongst competitors is important when it comes to targeting new borrowers.
The shift towards digital mortgage applications and online platforms has helped enhance the borrower experience through automation and digitization. You may already have tool...

Independent workers, or those entering the gig economy, are continuing to grow. While working at a full-time job may still be the norm for a large number of the population, an estimated 70.4 million Americans were classified as gig workers in 2022. In fact, there are projections that 86.5 million will be working in the gig economy by 2027, making up over 50% of the total workforce in the U.S.
Whether these workers have gigs as their sole source of income, or working on the side in addition to...

Preparing a retirement budget with a buffer helps you take care of unforeseen expenses.
Making an effective plan for withdrawals from your retirement accounts can help minimize the amount of taxes you pay and ensure you have enough to live off.
When you apply for Social Security benefits will affect how much you’ll receive each month.
So ... you're years from retirement and starting to prepare for this major life transition. While visions of ports of call or pitching wedges may be dancing in ...

7 Minute Read
Preventing and detecting financial fraud should be top of mind for all small businesses. In fact, according to a 2022 report by the Association of Certified Fraud Examiners, private and small businesses are 42% more likely to experience occupational fraud compared to large corporations, nonprofits, and government organizations.
While most businesses are concerned with financial fraud, there may be an overall lack of understanding about common ways fraud happens and how to mitiga...

Learn how our partnership with Intellapro helped improve cash flow optimization.
With so many moving parts to your small business, ensuring you’re working with the right teams is a key aspect to streamlining and growing your operations. BankUnited and Intellapro, an employment agency based in St. Petersburg, FL, consider one another true partners and have worked together for years, not only on lending solutions, but also cash flow optimization and fraud prevention, freeing up Intellapro’s fin...

Learn why cash flow is the lifeblood of small business, making it vital for small business success.
Cash flow is the lifeblood of your business, and recognizing its importance is vital for your success.
Since healthy cash flow helps ensure you have the cash coming in to cover your operating expenses, it makes up a central component of your business’ financial health. The ability to effectively manage your cash flow also puts you on track to reach your longer-term business goals. Strong cash f...

Learn how mastering your payables can help save time and money.
Small businesses already have a full plate to manage and limited resources to do so. On the running to-do list that every small business owner keeps close at hand, payables are never far from the top of the list. Getting your accounts payable (AP) right in your business can lead to better vendor relationships and the ability to run your business in a more cost-effective manner. In fact, businesses can reduce their processing cost...

Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Derogatory marks on your credit report are financial missteps, such as late payments or bankruptcies, that can make it hard to get approved for new credit. Further, derogatory marks can have a serious impact on you...

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Getting a truck loan can help with buying new equipment, maintaining your current fleet, and taking advantage of new business opportunities.
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This article contains general information and is not intended to provide information that is specific to American Express, or its products and services. Similar products and services offered by different companies will have different features and you should always read about product details before ac...

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Moving to any of the states that don’t have state income tax may sound nice — Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Wyoming — but what you save on state income taxes could have other impacts, financial and otherwise. Which is why in this three-part series we’re tackling the many factors that go into deciding to move for tax purposes.
Money aside, your quality of life is just as important, if not moreso, when deciding where to move. For families with children, con...

Wanna join the ranks of billionaires Bezos and Musk and flee to a state with no income tax? Here are some things you should know first. (Getty Images)
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Paying less taxes (legally). Isn't that the dream? A move just might make that possible.
You won't be able to save as much as Jeff Bezos, who is moving from Seattle to Miami, or Elon Musk, who is moving from California to Texas, but you could keep more of what you earn. Hey, billionaires are doing it so why can’t you?
But is it all t...

Key Takeaways:
Homeowners policies should cover damage or a roof collapse due to hail.
Emergency repairs may need to be documented if you choose to make a claim.
Water damage to your home from hail may be covered by your policy, but only under certain conditions, such as if water enters through a damaged roof due to a hailstorm.
Most standard homeowners insurance policies cover hail and wind damage to the physical structure of your home and other structures like your garage or shed. For examp...