Savings Accounts and CDs

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Money Lessons for Children

Submitted by Taylor Schulte on Wednesday, April 8, 2015 - 3:00pm

Many parents fill kids’ summer downtime with outdoor activities and trips; of course there’s always that mandatory school reading list for the long break. Ever think of filling those looming hot afternoons with a tip or two about finances? Teaching kids about money is a great way to keep young minds sharp – and prepared for tomorrow’s responsibilities.

Doubling Your Money

Submitted by Wes Moss on Wednesday, April 15, 2015 - 12:00pm

How long does it take to double your money? You likely can have twice as much wealth in 10 years if you invest it in stocks, or 72 years if it goes into a savings account. It pays to understand the math.

Time to Dump Your Bank?

Submitted by Phillip Shrotman on Tuesday, November 4, 2014 - 9:00am

Need a reason to change from your large bank? How about last summer’s mega-breach of JP Morgan, which compromised information on millions of households using Chase Bank? Automatic teller and overdraft fees higher than ever? Oh, you who long to flee, the day is almost here.

Why Use Money Funds at All?

Submitted by Gary Brooks on Thursday, October 2, 2014 - 9:00am

Money market funds are a zombie investment. So why does anyone invest in these funds – one of the most important tools for savers over the past several decades, and now essentially among the walking dead? Because, despite their tiny interest payments and many other disadvantages, money funds seem relatively safe.

Money Lessons for Teens

Submitted by Hilary Hendershott on Thursday, August 15, 2013 - 12:00pm

When your kids near college age, you need to do everything you can to prepare them for financial adulthood. Many parents neglect this duty and hope that, like an infant thrown into a pool, their teenager learns to swim in deep financial waters with no instruction.

Why to Automate Finances

Submitted by Hilary Hendershott on Thursday, November 14, 2013 - 3:00pm

The easiest way to ensure your financial success is automate your finances. Simple to say, not so simple to do. Here’s how to start.

Automating finances means setting up computerized systems to take deposits, payments, investments and other transactions out of your hands – or at least out of your day-to-day thoughts.

Beware of Fixed-Income Risks

Submitted by Joseph A. Clark on Wednesday, May 21, 2014 - 3:00pm

As you sketch out your retirement income plan, you often hear that stocks are risky and fixed-income instruments, like bonds and certificates of deposit, are safe. That simplistic formulation ignores how devastating inflation is on fixed income.

Bettering Kids’ Lives (Pt. 3)

Submitted by Bert Whitehead on Tuesday, April 1, 2014 - 3:00pm

Our previous articles looked at our children's financial challenges and money moves we can make to help our kids. The foremost lesson for children, though, is to always save 10% of income – whether from an allowance, babysitting gigs or gifts, as well as their gross earnings and investment income later. Teach them early how to save and you teach the difference between mere riches and true wealth.