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]
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]
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]