Money market funds vs. money market accounts — Which is better?
Here are the pros and cons of money market funds and money market funds.
The key to successful investing is to take action and not let fear or over-analyzing prevent you from taking advantage of the benefits of compound interest over time.
— Mercedes Barba
Mercedes Barba is a seasoned editorial leader and video producer. Presently, she holds the position of Senior Editor at Bankrate. Prior to this, she served as a senior editor at NextAdvisor and led the video team at Money.com, where she executive produced a short documentary that received an Emmy nomination. In her free time, she enjoys spending time with her son Luke and two pet dogs.
The key to successful investing is to take action and not let fear or over-analyzing prevent you from taking advantage of the benefits of compound interest over time.
— Mercedes Barba
Here are the pros and cons of money market funds and money market funds.
Tax-deferred accounts have two main advantages.
The SEP IRA lets you save tens of thousands of dollars, much more than a traditional IRA.
Though investors who want to be in control may feel Vanguard falls short, hands-off investors who like the investment firm's low-cost mutual funds and ETFs will feel right at home.
Charles Schwab offers a robust and cost-effective platform that offers something for everyone, from a wide array of commission-free funds to deep research to rich educational resources.
Fidelity made a name for itself with mutual funds that were ahead of the curve, and its online broker platform looks to help customers share in that success via in-depth research tools and low transaction costs.
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