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Ask The Expert Archive

When Are CD Penalties Worth Paying?

November 21, 2018

Is your current CD rate lagging far behind today's CD rates? It might make sense to pay an early withdrawal penalty to earn more interest, so here's how to do the math and get the most out of that decision.

401(k) Investing As You Approach Retirement

November 15, 2018

Being close to retirement does not necessarily dictate a conservative investment approach, unless you are planning large withdrawals from your retirement plan.

How to Deal with an Overspending Spouse

October 24, 2018

Differing attitudes toward spending and saving can cause tension in a marriage. See what communication and the structure of your bank accounts can do to ease the tension.

Investing An IRA Rollover From A 401(k) Plan In CDs

September 19, 2018

CDs are one of many choices you have for investing an IRA rollover out of a 401(k) plan. Learn when CDs might be the right choice for your IRA rollover, and how to get the best CD rates for your needs.

Savings Account for Non-Profit Organizations

July 27, 2018

Some formal procedures are helpful when handling money on behalf of a not-for-profit association.

Pay Off Student Loans or Save for Retirement?

June 27, 2018

Though the urge to pay off student loan debt sooner is understandable, building savings may be a more practical use of extra income. It depends on your student loan rate and potential investment return rate.

What Bills Should be Paid First?

June 15, 2018

Prioritizing debt should involve keeping up with all your minimum monthly payments and then targeting your most expensive source of debt.

IRA, CD Rates: Changing Retirement Investments

May 24, 2018

You can change investment vehicles within an IRA, but you should be careful to do it in a way that avoids tax consequences.

Tips for Buying Online With Your ATM Card

May 24, 2018

There are many payment options for handling an online purchase today, but be aware of the risks and benefits of using an ATM card versus a credit card.

Cash out SIMPLE IRA – How to avoid taxes?

May 24, 2018

Choosing a bank for your rollover is probably the most straightforward approach. This should help shield you from incurring tax consequences on your rollover before you need to, and give you ready access to a range of CD products for constructing a CD ladder (i.e., a series of CDs with staggered maturities).

How much can I take out of my IRA without penalty?

How do I ladder my IRA CDs without taxes or penalties?

How do I balance my checkbook?

How much coverage does FDIC insurance provide for me and two beneficiaries?

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

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

The high cost of tapping into retirement savings early

Do I have to liquidate my IRA at some point?

How can I track down an old IRA account?

Should I close my IRA once I reach retirement age?

How do I save and grow money for college?

Can my mother use her IRA savings account to pay off debts?

Which accounts should I deposit my retirement income into?

How do I decide which CD account to break into early?

Can I use my IRA toward buying a home?

Are foreign currencies good retirement investments?

Should I take my retirement benefits in a lump sum or monthly payment?

How do I get the best savings account rate on $40,000 while keeping liquidity?

How much interest can I earn on $1 million in 1 year?

Will millennials ever be wealthier than their parents?

Is a money market account considered cash in the bank like a savings account?

Is the stock market's "Trump rally" for real?

How do I find the best jumbo account with high interest rates?

How do I deal with a divorce settlement from an IRA?

Should I worry about losing my mortgage interest tax break?

How should a single mother invest $25,000?

IRA withdrawal rules: transfer to CD without penalty

How do stocks compare with savings accounts?

Can I get out of a bad home mortgage loan?

Where can I find the best 6-month CD rates?

Will Brexit affect US mortgage, refinancing rates?

How can I split direct deposits between checking and saving for investing?

Transferring a money market account to a CD: Will I pay taxes?

Will I owe taxes on an inherited certificate of deposit (CD)?

Which retirement investments can supplement Social Security income?

What is the best payment method for online purchases?

How can I buy a home on a low income?

Should I take money out of 401(k) retirement savings to pay off a mortgage?

Why are global commodities traded in US dollars?

What are FDIC insurance limits for trust accounts?

Is it fair for a potential employer to check your credit report?

Do money market accounts have FDIC insurance coverage?

How do I find the best risk-free interest rate for investments?

How to access bank account of deceased relative

Is silver better than gold as a retirement investment?

What should I do if I can't direct deposit money into savings accounts?

How do I deposit cash into an online bank account?

What's the best way to invest $12,000 in my 40s?

How can I get my paycheck directly deposited into the bank?

Free checking account and credit card offers - what's the catch?

Do I lose 401(k) retirement money if I leave my employer?

How can a retiree protect retirement savings against inflation?

Are pre-paid cards a good alternative to checking accounts to avoid rising fees?

Direct deposit into savings or checking accounts?

Are step-up CDs a good choice if the Fed raises interest rates?

Is there a middle ground between low-return deposit accounts and high-risk stocks?

I have no credit history. Why am I considered a bad risk?

How much savings should I keep in cash while saving for a wedding next year?

Am I saving enough for a comfortable retirement?

How can a jump in gas prices impact mortgage rates?

Can I turn $100k into $1 million in a decade?

Arranging joint access to a parent's checking account

Moving an IRA from one bank to another?

I-Bonds or CDs?

How can I keep getting paper bank statements?

Should I hire a professional to do my taxes?

Should I use my retirement savings to start a business?

Should I sell before HARP expires?

Should I deposit more to avoid a statement fee?

Do I have to withdraw from my IRA?

How much can I contribute to my money market IRA?

Will bonds return to their former yields?

What's wrong with my CD statements?

Should a husband and wife combine all their finances?

How can I find the best business bank account?

How should I invest a burial trust?

Where should I start my business?

How should I choose a financial adviser?

Should I consider a 5-year CD at age 80?

Is it better to break into a CD or a 401(k)?

How much down payment does a first-time buyer need?

Best bank for a jumbo deposit?

Where should I store money while waiting to invest?

Taking IRA distributions after a divorce?

Should I switch out of my IRA?

Is a townhouse a good investment?

Why do interest rates vary in different markets?

Should I give up my bank for bitcoins?

Refinance or restructure our mortgage?

How should we handle a jump in mortgage payments?