10 Ways Your Income Taxes Will Be Different in 2021 .
It’s been a year like no other, and taxes will be no exception. Your federal income tax return for 2020 — the one due by April — will be a…
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savings accounts
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Security Definition: How Securities Trading Works
What Is a Security? At a basic level, a security is a financial asset or instrument that has value and can be bought, sold, or traded. Some of the most…
Best 10 Banking Trends to Watch in 2022
Banking has not been immune to the volatile conditions of today’s rapidly changing world. From the COVID-19 pandemic to a rise in artificial intelligence to new cybersecurity threats, banks continue…
10 Best short-term investments in 2022
What is a short-term investment? If you’re making a short-term investment, you’re often doing so because you need to have the money at a certain time. If you’re saving for…
Brokerage Account vs. IRA: What’s the Difference?
The primary difference between an IRA or a brokerage account is the purpose for which you are opening one. An IRA, or Individual Retirement Account, is a retirement-based account that…
6 RETIREMENT TRENDS TO WATCH RIGHT NOW
With both health and economic challenges having shaped 2021, those saving for retirement in 2022 will face important obstacles, such as managing a retirement savings gap, battling rising inflation and becoming informed…
The Best Low Risk Investments In 2022
With the economy facing high inflation, the Federal Reserve has begun to raise interest rates. Investors should prepare for a bumpy ride in the months ahead, and so it’s crucial that investors stay…
Effective Annual Interest Rate: Definition, Formula, and Example
What is the Effective Annual Interest Rate? The Effective Annual Interest Rate (EAR) is the interest rate that is adjusted for compounding over a given period. Simply put, the effective annual interest…
What Does It Mean to Be Pre-Tax or Tax-Advantaged?
The taxman cometh, and that may have you wondering: What does it mean for something to be pre-tax or tax-advantaged? From commuter and child care benefits to retirement accounts, pre-tax…