As pleasant as it is to receive a refund, adjusting your tax withholding status to prevent future refunds has its advantages. No, you may not get a lump sum each spring, but investing the extra money you get in your paycheck in a high-yield savings account or certificate of deposit allows your funds to earn… Continue reading A Final Word on Refunds
If you pay attention to financial news, you’ve probably heard that now is the time to refinance your house. Interest rates are near historic lows, and that’s great news for homebuyers. However, it isn’t such great news for your savings account. That’s because the same economic forces that keep mortgage rates low also keep savings… Continue reading How to Get the Best Savings Rate from Banks
Low interest rates on savings accounts are not new — this trend has been in effect for years. However, investors care less about savings rates when inflation isn’t an issue. And in a poor economy, people accept low rates because their main objective is to avoid losing money. Today, though, the economy is heating up.… Continue reading Will Savings Account Rates Ever Go Up? Strategies for Low Rates
Americans’ long inflation holiday has ended. The US Labor Department recently reported that consumer prices rose 5.4% over the past year — the worst rate since August 2008. And the core inflation rate, which excludes food and energy prices, rose 4.5% in the past year, the most significant increase since November 1991. You may have… Continue reading Will Inflation Affect Your Savings Account?
You are likely to change jobs 10 to 15 times over the course of your career, based on the national average. Assuming you participate in each of your employers’ retirement plans, you could leave behind a trail of accounts, in addition having to your own individual retirement account (IRA). What’s the best strategy for maximizing… Continue reading 9 Frequently Asked Questions About Consolidating 401(k) Retirement Savings
FDIC insurance is designed to protect your bank accounts in the rare event that a bank failure occurs. The Federal Deposit Insurance Corporation (FDIC) offers insurance to protect consumers. Since it’s inception in 1934, the FDIC has never failed to cover an insured deposit when a bank went bust. It’s surprisingly simple to check if… Continue reading Keeping Your Money Safe: Guide to FDIC Coverage Limits
Looking to earn more on your savings? A high yield savings account could help, but only if you know how to kick the tires when choosing one.
If you’ve never hired a tax preparer before, you’re probably wondering, “How much does it cost to have your taxes done by a professional?” Average tax preparation fees depend on three factors – How organized are your taxes? Where do you live? How complicated are your taxes?
Wire transfers can be a convenient way to send money, but you may pay a fee for this service. Learn what banks charge for wire transfer fees.
Opening a savings account is easy. Figuring out which one to get is a little more involved. If saving money is one of your top financial goals, opening a savings account is an important first step to keep your funds safe and separate. You’ll need to know what the requirements are for how to start… Continue reading How to Open A Savings Account