When You Should Consider a Certificate of Deposit

by Roberta Pescow 4. March 2015
Looking for safe investments that grow faster than traditional savings accounts? Take a look at certificates of deposit, or CDs, and find out when these accounts make sense and how to make the most of them. What’s a CD? CDs are deposits that offer guaranteed interest in return for keeping an amount of money in the certificate for a fixed time period. A CD is among the safest investments available at a bank insured by the Federal Deposit Insurance Corp., because that agency backs them just ... [More]

Individual Retirement Accounts: An Introduction

by Marylove Moy 2. June 2014
Do your eyes glaze over when you see the term IRA? Are you sick and tired of all those ads on tv talking about retirement? I hear ya! These days, retirement – and retirement planning – is the 800 pound gorilla in most people’s homes. Well, have no fear...let’s take a look at what an IRA is and how they have evolved over time. Once we understand the history, we can move on to other related topics: investing, planning and other retirement ideas. Basically, an IRA is an &ld... [More]

April is National Financial Literacy Month

by Spencer Tierney 16. April 2014
Every April for the past 10 years, we have celebrated National Financial Literacy Month – and for good reason. A person’s financial literacy level can always be improved. In a study conducted by the FINRA Investor Education Foundation, participants were asked five questions about personal finance, and 61% of them couldn’t answer more than three questions correctly. 1. Why is financial literacy important? As the financial landscape changes, it is becoming increasingly important ... [More]

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