If you have a deposit account with a bank based in the United States, you very likely benefit from FDIC deposit insurance, which insures deposits held with thousands of U.S.-chartered banks. Learn about FDIC insurance, what it covers, and how it works to protect the money you put in the bank.
Infinite banking is about becoming your own bank, rather than saving or borrowing money with a traditional bank, using life insurance to hold money. It comes with many intriguing advantages, along with some pretty steep disadvantages. Learn about infinite banking and who should consider using it.
Qube Money provides a simple budgeting solution for individuals, couples, and families. The fledgling banking-and-budgeting app lets you visualize and manage your budget, control spending, and automate saving through its signature “qubes.” Learn about Qube Money and whether it’s a good fit for you.
If you see a line for “PMI” on your monthly mortgage statement, you’re paying for private mortgage insurance. But what is it actually for, who has to pay for it, and — most importantly — how can you avoid it? Learn about private mortgage insurance (PMI) and how to avoid paying for it.
All federal credit unions operate under the supervision of the National Credit Union Administration (NCUA), a federal agency charged with regulating their activities and protecting individual members’ deposits. Learn about the NCUA and its functions to protect consumers.
Your net worth serves as a measuring stick for your financial wellbeing. As you’d expect, older people tend to have accumulated higher net worths than younger adults. How does your progress toward your financial goals stack up? Here’s a glimpse into how net worth breaks down by age in the U.S.
Debit cards and credit cards are two convenient ways to make payments without having to deal with cash. Although both are similar, some important differences make them suitable for different situations. Learn the difference between credit cards and debit cards and which is best in your situation.
Americans are shopping online more than ever before. And as we spend more, we’ve become more interested in finding ways to pay less. Fortunately, there’s an easy way to save: browser extensions. But to leverage the online savings, you need to choose the best browser extension for your needs.
When you transfer money into a brokerage account, you’ll probably notice the balance goes into a money market fund as a holding space for uninvested cash. But what precisely are money market funds? Learn how they work — and what separates a good money market fund from a bad one.
Blooom is a robo-advisor that manages employer-sponsored retirement plans so busy, working-age investors don’t have to. If you don’t want to monitor the performance and cost of your 401(k) or similar plan, Blooom might be for you. Just be aware of its limitations before you sign up.
With trillions of dollars announced in the COVID-19 stimulus, economists have sounded the alarm on rampant future inflation. Prices could spike, and the dollar’s value could collapse. But not all investments get hit evenly by dollar decay. Find out which investments can protect your portfolio.
Roth IRAs are popular tax-sheltered accounts for retirement savings, but they limit the amount you can contribute each year and exclude some higher-income savers. A backdoor Roth contribution is a way around these limits. Learn how you can use a backdoor Roth contribution.
