Many 401(k) accounts reflect extreme asset allocation, with 100 percent invested in stocks or no stocks at all. For younger or older investors, that is a problem.
See if Janet Yellen and the Fed have given new clues on when rock-bottom rates will end.
Buying a CD through a brokerage may lead to higher CD rates. Be sure to understand the complexities of the deal though.
The fiduciary standard is the highest standard of care. A fiduciary must only give advice that is in the client’s best interest
Lists detailing the best and worst performing mutual funds over a given time period can be useful — but the reason why might surprise you.
A former NFL player ran a Ponzi scam, the SEC says. Will Allen and his partner claimed to lend money to pro athletes, with a promise to investors of up to 18 percent in interest.
Since December 2008, interest rates set by the central bank have been virtually zero, leading to low CD rates and even lower savings account and money market account rates.
It takes money to make money. The best investor in the world won’t get anywhere without frugality, saving and a commitment to living debt-free.
The megabanks, Chase, Bank of America and so on, typically have little incentive to pay high CD rates.
Fed keeps a key rate the same but signals a possible rate hike in the future.