You’ve probably heard that the Federal Reserve has lowered interest rates, but what does that mean and how does it affect you? What do changing interest rates mean for our most common expenses like mortgages and auto loans, and investments such as bonds and real estate? Read on to find out.
When your belongings are locked up in a box at the bank, you can only access them when the bank is open — which is a big problem for papers you might need to access in an emergency. And there are some physical valuables that, for one reason or another, are best stored elsewhere. So if you have a safe deposit box, here’s a rundown of what’s best to store and not to store in it. And if you don’t, here are some of the items that might make you consider getting one.
Thanks to the Tax Cuts and Jobs Act of 2017, most investment-related expenses are no longer deductible. But in certain circumstances, you may still be able to get a tax break. Learn which investment-related expenses you can still deduct and how to qualify for them.
If there were really a legal way to make big bucks for minimal effort, everyone would be doing it. So if you think you’ve found a money-making scheme that truly can’t miss, check first to make sure it isn’t one of these. They all sound good at first blush, but they just don’t stand up to scrutiny.
Everyone feels the temptation to try to time the market – the stock market, the housing market, any market. It’s human nature to try to be cleverer than everyone else. And it’s only the beginning of the uphill battle we all face against the temptation to time the market. In psychology, there’s a phenomenon known
If your traditional bank’s savings account yield is less than impressive, many online banks, community banks, and credit unions offer high-yield savings accounts with better interest, terms, and incentives. Pick the one that’s right for you.
There are some jobs in life that you can DIY and others that you leave to the pros. While you can handle simple tasks like paying your bills, what about doing your taxes, forming a business, or making a will? Even when you’re sure you need help with your finances, it’s not always obvious where
Americans are increasingly responsible for planning their own retirements as pensions gradually go extinct. Combine that with longer life expectancies and weaker Social Security benefits, and many Americans worry they’ll run out of money in retirement. Although retirement has changed dramatically over the last 25 years, you have more resources than ever to help you
Popular financial advice is that you should save up at least six months of expenses in an emergency fund so you always have cash on hand for sudden expenses. However, if you already have enough of a cushion, it’s important to put the rest of your money to work rather than sitting on idle cash.
As an American adult of (ahem) a certain age, I can’t help noticing how much more things cost now than they did when I was a kid. Since the 1980s, the price of a gallon of milk has risen from around $2.20 to $3.50, a 59% increase. The cost of a first-class stamp has more
Do your current financial apps give you everything you need in one place? Can you easily send money to friends, invest in stocks, save with competitive interest rates, and get paid early — all from a single app? If you hesitated for even a moment, Cash App might be the solution you’ve been looking for.
CD rates can be volatile. We explore CD rate fluctuations over the past 55 years, break down their causes, and give our best guess as to where they’ll go from here.
