Personal Finance Blog By MoneyRates - Certificates Of Deposit
Emergency savings accounts need a boost, study finds
July 27, 2010
About a quarter of Americans think the economy and their personal financial situations will be worse this year than last year, according to The 2010 MetLife Study of the American Dream released July 26. That sounds pretty grim, considering how bad the last couple of years have been. But the results actually show significant improvement [...]
Retirement Savings: More Americans Worry They Won't Have Enough
July 6, 2010
As the recession's effects linger, worries about retirement savings grow. About a third of Americans are concerned they won't have enough income and assets to finance their retirement, up from 25 percent in February 2009, according to a new survey by the Pew Research Center's Social and Demographic Trends Project. Many of those already at [...]
Comparing CD Rates to Rates of Return On Other Investments Can Be Tricky
April 20, 2010
One fundamental fact about investing that affects all investors is the idea of allocation. In simple terms, when you put your money into one investment, that's money that cannot be put into another investment. When you're investing in CDs, this either/or, black/white choice becomes even more stark. Especially if the stock market is going up as [...]
Goldman Fraud Charges Reinforce "Safe Haven" Appeal of FDIC-Insured CDs
April 17, 2010
Perhaps you've heard the news that investment bank Goldman Sachs has been accused of fraud. The accusations revolve around a young trader at Goldman Sachs who had the clever idea to package subprime mortgage-backed securities, sell those "assets" to Goldman Sachs clients, and then at the same time, short (bet against) those assets on behalf of [...]
Why Tax-Exempt Investments Are No Longer So Exciting
March 4, 2009
It used to be that there was a difference between investments with taxable dividends and those which were not taxable. If your tax bracket was high enough, tax-exempt investments made real financial sense. For instance, back in the 1950s and 1960s the federal income tax rate was as high as 91 percent for earnings over $400,000. [...]
$8 Billion CD Fraud Alleged. What Will You Pay For Risk?
February 24, 2009
The SEC claims a banker defrauded investors in an $8 billion CD scheme. Peter G. Miller looks at the motivation behind such investments.
