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MoneyRates.com Archives

Inheritance and Retirement Savings Accounts Guide

Richard Barrington

Inheriting retirement savings accounts has varying tax implications, depending on the type of account and who the beneficiary is.

The 45-minute fortune: 9 tips to get more from annual employee reviews

Richard Barrington

Many employees make the mistake of dreading their annual performance reviews; see how embracing the process can pay off generously.

Setting goals to set savings on track

Richard Barrington

Saving money does not have to be intimidating if you approach it by setting a series of reasonable goals.

Kicking the tires: 10 questions to ask before signing up with a bank

Richard Barrington

Asking the right questions before you choose a bank can save you time and money in the long run.

The 5 scariest bank fees (and how to avoid them)

Richard Barrington

The way fees on checking accounts and credit cards can add up is truly scary, but there are ways to escape monstrous fees.

America's Best Rates: A few banks push trend toward higher rates

Richard Barrington

A trend toward higher savings and money market rates is positive for consumers, but a closer look shows that it is concentrated in a minority of banks.

Best Savings Accounts and Money Market Accounts 2018

Richard Barrington

See where you can find savings and money market rates for 2018 that are significantly higher than industry averages.

Best CD Rates 2018: 6 month CDs, 1 year CDs and 5 year CDs

Richard Barrington

Smart choices about banks and CD rates are the key to earning the highest CD rates in the year ahead.

Online broker review: Charles Schwab

Richard Barrington

Charles Schwab offers well-regarded research at competitive commission rates, though some might be concerned by its compliance record.

Online brokerage review: T. Rowe Price

Richard Barrington

Online brokerage firm T. Rowe Price has placed its emphasis more on managed investments than on discounted commissions.

How do I start building a CD ladder and get the best CD rates?

Richard Barrington

See some tips for getting more yield out of a CD ladder.

Can I benefit from putting money in an IRA in my 60s?

Richard Barrington

IRA rules limit the benefits of putting money into an IRA in your late 60s, but it may still be worthwhile.

The high cost of tapping into retirement savings early

Richard Barrington

Besides the 10 percent penalty for tapping into a 401k plan early, diverting money from retirement savings might be higher than you think.

Do I have to liquidate my IRA at some point?

Richard Barrington

A traditional IRA will require you to start taking distributions at some point, but it will never require full liquidation of the plan.

How can I track down an old IRA account?

Richard Barrington

Missing IRA account information can be a challenge after a person dies, but there are some possibilities for addressing this problem.

4 major risks of debt consolidation and how to avoid them

Richard Barrington

Debt consolidation can be either a useful tool or a costly mistake, so it helps to understand your goals and how to pursue them.

How to responsibly handle easier access to credit cards

Richard Barrington

Easing credit standards mean consumers have to take responsibility for not overusing access to credit.

10 things to know to maximize credit card rewards

Richard Barrington

Get the most out of credit card reward programs by knowing the best ways to use your cards.

9 questions to ask before taking on debt

Richard Barrington

Borrowing money can be too easy at times, but asking some challenging questions can help you stop it from becoming too much of a habit.

6 financial moves to prevent sleepless nights

Richard Barrington

Financial worries are a common source of nighttime anxiety, but these problems are best addressed in the light of day.

Fearing a Fed rate hike? Make these 5 moves

Richard Barrington

Preparing your finances in advance of any Fed announcements can help you avoid being caught flat-footed when rates finally climb.

Batter up! 9 'players' for your investment line-up

Richard Barrington

Want a portfolio that will perform from its opening day? Then consider incorporating these key elements.

Home-field advantage: 7 reasons to favor US stocks

Richard Barrington

International investing can be a good thing, but there are also valid reasons for maintaining a heavier weighting toward U.S.-based stocks.

7 straightforward rules for asset allocation

Richard Barrington

Asset allocation is a tricky decision and one you can't avoid, so it's wise to be well-informed on the topic.

Shareholder rights: Are you a shark, lion or sheep?

Richard Barrington

Passive investors should take a cue from Wall Street's sharks and lions in recognizing the impact corporate governance can have on share value.

3 ways to profit when market rates outpace the Fed

Richard Barrington

Sometimes the Federal Reserve adopts a wait-and-see approach to raising the federal funds rate. Here's how investors, home-buyers and savers could profit when market rates rise faster than Fed rates.

December Fed update: Fed rates rise, but bank rates may be rising faster

Richard Barrington

The Fed raised interest rates for the third time in 2017, but some savings account rates have been rising even faster.

Where do your finances stand this holiday season?

Richard Barrington

Thanksgiving and the holiday season is a good time to look at your finances; see how you can tell which elements of those finances are blessings and which are turkeys.

Is weakening job growth behind Fed's decision to not raise bank rates?

Richard Barrington

The Fed's latest statement dismisses recent negative economic trends as being due to the harsh hurricane season, but their inaction on rates speaks louder than words.

Underbanked? How to Find the Best Bank Account for You

Richard Barrington

Find out why millions of Americans do not have a bank account, how this is costing them, and what they can do about it.

8 types of CD accounts

Richard Barrington

A review of the characteristics of different types of CDs can help you decide which is the best fit for your needs.

Complete Guide to Setting Up A CD Ladder

Richard Barrington

Learn how a CD ladder can work to your advantage, and how to set it up.

November Fed update: Fed doesn't act on bank rates - but consumers can

Richard Barrington

No action by the Fed on rates leaves it up to consumers to protect themselves by finding higher savings account rates.

September Fed update: Bank rate increase delay, how consumers can prepare

Richard Barrington

The Fed continues to delay raising rates, but taking action seems increasingly imminent.

5 moves to optimize your CD ladder investments

Richard Barrington

CD ladders can help you manage yield and liquidity, and they can also be tailored for current circumstances.

7 Big Financial Changes that Call for Adjusting Your Mortgage

Richard Barrington

Refinancing is not just about capturing falling interest rates. It can also be a way of optimizing your mortgage loan to fit a change in circumstances.

9 must-know things about your mortgage loan

Richard Barrington

The benefit or burden of any mortgage is largely dependent on these 9 details.

Buying a home: 7 tips for making your biggest investment decision

Richard Barrington

Lack of experience is an inherent problem for first-time home buyers, but some sound investment thinking can help you overcome that problem.

Amid historically low rates, is real estate a good investment?

Richard Barrington

Recent declines in mortgage rates may generate enthusiasm for real estate investments, but there are reasons to be skeptical of this.

When it makes sense to bet the house

Richard Barrington

Shifting your debt burden into a mortgage can save you money, but it can also put your home at risk. Learn when this approach makes sense.

6 reasons to rethink where you bank

Richard Barrington

Banking has changed over time, and it's likely your banking needs have too. Here's why you may want to reconsider where you're at today.

Best banks 2013: Should you switch?

Ollie Geiger

MONEY Magazine has announced its top banks for 2013, but are these institutions good enough to attract your business?

4 signs of money immaturity in teens

Naomi Mannino

If your son or daughter displays these signs, some remedial financial education may be in order -- fast.

Walmart's Bluebird card: Has checking met its match?

Richard Barrington

Walmart's Bluebird prepaid debit card is a very competitive product, but there are some inherent drawbacks to using any prepaid card.

Why one bank is switching to a single overdraft fee

Jim Sloan

Bank's move could spur other banks to drop the charges that can lead to a "train wreck" of multiple overdrafts.

Where to look beyond the Fed for signs of life from stagnant bank rates

Richard Barrington

With no action from the Fed on interest rates, consumers should look elsewhere for signs of rising rates.

Fed implies rise in interest rates is inevitable

Richard Barrington

Interest rates will soon be on the rise: some banks to act sooner than others.

Fed sets the stage for rate hike

Richard Barrington

The Fed still isn't ready to raise rates, but this week's meeting statement hints that the time is near.

Fed ups the focus on its June meeting

Richard Barrington

While the Fed announced no rate change in today's meeting, the wording of its statement hints at the possibility of change by midyear.

Latest Fed statement omits important detail

Richard Barrington

The Fed made no change in policy in its latest meeting, but a change in its statement's wording reflects an underlying optimism about the economy.