The federal funds rate — often called the fed rate — is the interest rate that U.S. banks pay one another to borrow or loan money overnight. Since banks are legally required to keep a minimum amount of money in reserves, banks with excess reserves often loan money to banks that can’t meet those reserve… […]
What Is the Fed Rate? Read More »
Several large class-action settlements affecting consumers nationwide have claim deadlines in November. Consumers who take action by these deadlines could recover significant compensation for false advertising, privacy violations, data breaches and other legal issues. Coppertone Sunscreen Benzene False Advertising $2.3M Class Action Settlement Bayer and Beiersdorf agreed to pay a combined $2.3 million to resolve
Do You Qualify for Any of November’s Class-Action Settlements? Read More »
Few sources in the investment world recommend penny stocks, and in the rare instances when they do, it’s accompanied by a boatload of disclaimers. But despite the highly speculative nature of penny stocks and their well-documented disadvantages, thousands of investors flock to them each year. But what are penny stocks, the risks, and the rewards,
How to Find the Best Penny Stocks on Robinhood: What to Look For Read More »
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Forcing real estate brokers onto MLS probably a good thing for both buyers and sellers Read More »
An adjustable-rate mortgage (ARM) is a unique type of home loan. While a fixed-rate mortgage keeps the same interest rate for the life of the loan, an ARM’s interest rate periodically fluctuates. It might be a good option for some homebuyers, but its complexity can be a lot to digest. That’s why we put together
8 Adjustable-Rate Mortgage Terms to Know Read More »
As someone who wrote a book on how to negotiate a severance package, it always makes me happy to see public case studies. The latest case study is on the “golden parachutes” received by three ex-Twitter executives. A golden parachute consists of substantial benefits given to top executives if the company is taken over by
The Golden Parachute Severance Package: Oh How Sweet It Is! Read More »
The vast majority of Americans need life insurance. But with so many different insurance policies and providers, how can you find the right life insurance policy for you and your family? Sproutt Insurance is trying to help by putting a unique spin on the insurance application process. Sproutt doesn’t sell its own insurance policies –
Sproutt Life Insurance Review: Is it Legit? Read More »
Marriage is in the news again. With the Supreme Court deciding who is worthy of being married, it seems worth taking a moment to think about why even get married in the first place. Sure we can talk about the benefits of togetherness and the importance of the institution as a foundation for society and
7 financial benefits of marriage (and 4 possible drawbacks) Read More »
Welcome to the Weekly Scan. Here’s what we’re following for the week of October 10, 2022. Plus, our Certified Financial Planner Lauren Anastasio gives advice on how to respond to the news. Twitter takeover. Tesla’s CEO Elon Musk completed his acquisition of Twitter last week in a $44 billion deal. Musk traveled to Twitter headquarters
The Weekly Scan October 31, 2022 Read More »
Quick Look The Fed will likely raise interest rates by 75 basis points this week. Economists expect another 50-basis-point hike in December. Interest rates on credit cards and mortgages will continue to increase as a result. Savings account yields could increase as well. The Fed hopes to stop hiking rates early next year, but that
Fed’s Interest Rate Hikes in 2022 – What the November Raise Means for You Read More »
Tires are a big part of the cost of owning a car, and the range of tire prices doesn’t make it easier to budget for them. The price of tires depends on several factors, including how they perform in certain weather conditions, how well they handle, and what type of terrain they can manage. Each…
How Much Are Tires? Read More »
Since the beginning of the COVID-19 pandemic, more and more Americans have been working from home. And a recent survey from FlexJobs found that 77% of full-time workers identified the ability to work remotely as one of the most important benefits, right behind salary. A whopping 57% of survey respondents said that they would leave
Find Remote Jobs at These 41 Work-From-Home Companies Read More »
While not required by law, many landlords require their tenants to purchase renters insurance. Renters insurance offers coverage for property damage, personal liability and additional living expenses if something happens at or to your rental. It can be a smart policy to hold, whether it’s required or not. When Is Renters Insurance Required? Some landlords
Is Renters Insurance Required? Read More »
Dear Penny, My 21-year-old daughter has been living with her boyfriend for the past seven months. He is the same age as she is and is unemployed. He shows absolutely no desire to find employment, nor does he have the drive to do so, which makes me irritated knowing that he is taking advantage of
Dear Penny: Can My Daughter Claim Her Lazy Boyfriend as a Dependent? Read More »
Americans are enthralled with watching the lifestyles of the rich and famous unfold on TV and social media. Despite the extravagant cars and vacations showcased on certain programming franchises, the wealth of these celebrities pales in comparison to some of America’s richest families. To find out which clans hold the most wealth, Stacker compiled a
Ranked: The 25 Richest Families In America Read More »
Deciding whether or not to have life insurance is an individual decision. Whatever you decide to do or not do, it’s important to make an informed decision that’s best suited to your family’s needs. To help you learn more about life insurance, let’s debunk some of the biggest life insurance myths. This post is brought
Top 10 Biggest Life Insurance Myths Debunked Read More »
If you’re anything like me, then one of the biggest challenges in your budget comes down to one little problem: the bone-deep need for a good cup of coffee. As someone who’s been addicted to the bean since before high school, and is now old enough to make that statement feel embarrassing, I know what
Skip the Pricey Cafe Latte: How to Make (Good) Coffee at Home Read More »
As an investment, farmland has offered attractive historical investment returns with low volatility. It’s also become more alluring during inflationary times when stocks and bonds are more likely to struggle. Until a few years ago, it was difficult to invest directly in farms because of several entry barriers. The only option was to parcel the
AcreTrader vs. FarmTogether: Which Farmland Investing Platform is Better? Read More »
People who put money into an employer-sponsored retirement plan should be aware of an important word: “vested.” When you’re vested in a retirement plan, it means you own some or all of the money in your account. So, if you’re 100% vested, you own 100% of your retirement funds. But if you’re 20% vested, you’re
What Does It Mean to Be “Vested”? Read More »
Want to work for yourself but lack startup capital? No problem! It’s possible to start a business with no money—as long as you focus on what’s essential.Lacking start-up capital? No problem. It’s possible to start a business with no money — as long as you focus on what’s essential. The post How to start a
How to start a business with no money Read More »