An Inside Look at Americans’ Investment & Retirement Strategies
While retirement may seem like a far-out, distant phase of life, it’s something that requires significant planning and preparation to comfortably achieve. It’s no secret that the earlier an individual starts making plans to save and invest, the easier it will be for them to step away from work at an ideal age. But unfortunately,…
What is the Difference between a CD and a Money Market Account?
What is a Certificate of Deposit (CD)? A certificate of deposit (CD) is a low-risk, timed deposit account, meaning that you deposit money into it and you cannot touch it until a certain date. CDs have a minimum investment requirement – which varies by institution – and pay a fixed or variable rate of interest…
How Much Should You Have in Emergency Savings?
Life is unpredictable and it’s likely that at some point in your life you will need to dip into an emergency savings account. Saving for a rainy day is a good practice for any responsible adult. This money can be used for unexpected expenses such as new appliances, repairs to your car, or even as…
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How Do Savings Accounts Work?
If you are thinking about starting a savings account, it is most likely a great idea! Savings accounts are a great way to do exactly what they say, “save money.” If you have questions about how or why you should open a savings account, you have come to the right place. This article will walk…
Personal Finance for Main St
When residents of Main St look for news on how the economy is performed that day, it's often reported in terms of how the "Dow" or the S&P 500 performed that day. So what is the Dow? Ditto for the S&P 500?
