Finance

5 Steps to Retirement Planning in 2021: An Introduction & How-to Guide

12/10/2021

Key takeaways Retirement planning has five steps: knowing when to start, calculating how much money you’ll need, setting priorities, choosing accounts and choosing investments. Generally, the idea is to invest more aggressively when you’re young, …

What Is a Checking Account? [Update 2021]

12/10/2021

Checking accounts are financial accounts that are used for day-to-day cash deposits and withdrawals. You can access your money with a debit card, through online transfers or by writing checks. Here’s a closer look at checking accounts, plus some tips …

CD Investments: How Much You Can Earn [Update 2021]

12/10/2021

Certificates of deposit can be considered smart investments for some of your money when low risk is a priority. A CD investment provides guaranteed returns and your money stays federally insured. How much interest you …

High-Yield CD: How It Works [Update 2021]

12/10/2021

What is a high-yield CD? A high-yield CD is a CD with one of the highest interest rates available across financial institutions. What counts as the highest rate varies over time, since banks and credit …

How Much Should I Have in Savings? [Update 2021]

12/10/2021

Key takeaways Identify the target amount for how much you should have in savings by adding up your core expenses for three to six months. You can build up your balance by setting up recurring …

What You Need to Open a Bank Account [Update 2021]

12/10/2021

Whether you apply for a bank account online or in person, you’ll need a government-issued ID and personal details, such as your Social Security number, on hand. You might also be asked to fund your …

Identity Theft: What It Is, How to Prevent It, Warning Signs and Tips

12/10/2021

Identity theft is when someone uses your personal data — your  name, Social Security number, birthdate, etc. — to impersonate you, typically using that information to steal from you. It’s a growing problem in the …

What Factors Affect Your Credit Scores? [Update 2021]

12/10/2021

Your credit scores are determined by several factors, such as whether you pay bills on time and the length of time you’ve used credit. Understanding what factors affect credit scores helps you plan the most effective way to build …

[Top] 9 Ways to Build Credit Fast [Update 2021]

12/10/2021

If your credit score is lower than you’d like, there may be fast ways to bring it up. Depending on what’s holding it down, you may be able to tack on as many as 100 …

What Is a Good Credit Score? How Do I Get a Good Credit Score?

12/10/2021

Generally speaking, scores between 690 and 719 are considered good credit. Scores above 720 are considered excellent, while scores between 630 and 689 are considered fair. Scores below 630 fall into the bad credit range. …