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
Investing in the stock market is one of the best ways to build wealth over the long term, but it can be complicated and stressful to get started if you’ve never invested before. The good news is that investing is more accessible than ever. Years ago, you had to work with stockbrokers who charged heavy
When newcomers start to invest, one of the first lessons they come across is a lesson on diversification. Just about every article with tips on reaching investing success talks about diversification in investing. On the other hand, some of the world’s most well-known investors advise against a diversified portfolio. Even the great Warren Buffett was
The consequences of “financial risk” became apparent to many investors during the two-year period from 2007 to 2009. The stock market (as measured by the S&P 500) plummeted from 1562.47 on October 10, 2007, to 752.44 on November 20, 2009. As a consequence, many people lost more than one-half of their retirement savings. The coronavirus
Taxable brokerage accounts don’t offer all of the tax incentives retirement accounts do, but they’re far more flexible. If you expect to need any significant chunk of money before you retire, that makes them an essential part of your savings plans. What is a Taxable Brokerage Account? Taxable brokerage accounts are investment accounts where you
Investing is an important part of saving for the future. One of the hardest parts of investing is building a portfolio of stocks and bonds that you’re happy with. Mutual funds are a way to easily invest in pre-built portfolios. What are Mutual Funds? Mutual funds are a type of investment that you can use
Like anything else you buy, if you want to save money on contacts, shopping for deals from the right retailers is crucial. Thankfully, numerous retailers can help contact lens wearers save money. If you’re tired of overpaying for this necessary expense, these are the places to shop.
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.
