If you are financially stable, setting up a college trust fund for your child can be a stress-free endeavor. However, there are many different types of trust funds to choose from. You will need to research the pros and cons of the different types, and understand how they will ...
Insurance is a financial product people buy because they need it, not because they want it. The agent who sells and services your policy plays a large part in making sure the insurance fits your ...Read More
UGMA and UTMA are two types of savings accounts set up by an adult, usually a parent, to save money for a child. UGMA stands for the Uniform Gifts to Minors Act, and UTMA -- the Uniform Transfer to ...Read More
The U.S. Treasury introduced Series E savings bonds in May 1941 to help finance defense expenditures. Series E bonds issued through November 1965 earned interest for 40 years; subsequent Series E ...Read More
Qualified tuition plans, also called 529 plans, allow you to save money in a tax-sheltered account, which means you won't pay taxes as it grows. Unlike Coverdell education savings accounts, 529 plans ...Read More
Taking on debt is often the only way to afford major purchases, such as a car, home or college education. Paying off that debt over time is a significant expense, especially when interest charges are ...Read More
The approach of retirement sometimes sneaks up on you. For a variety of reasons, some people may not begin saving seriously for retirement until they hit age 50. If you have neglected or ignored ...Read More
If a savings bond is lost, damaged or destroyed, you can have it replaced by the U.S. Treasury. The replacement bond contains the same registration and issue date as the original. You can also have a ...Read More
Many young people count becoming a millionaire as one of their lifetime financial goals. To reach this goal through saving money, several factors need to be considered, including the amount you save, ...Read More
As with traditional mortgages, you can refinance a Federal Housing Administration loan to lower your monthly payments, get a lower interest rate or reduce the term of your loan. However, you must ...Read More
Series E bonds were the fifth series of the U.S. governments savings bond program, replacing the "baby bonds" on May 1, 1941. Originally called Defense Bonds, Series E bonds were rechristened War ...Read More
Grandparents can buy EE savings bonds for their grandchildren through the TreasuryDirect website. Paper bonds are no longer issued. If the grandparents wish the bonds to be used toward their ...Read More
A uniform transfer to minors account, or UTMA, is a way that grandparents can put money away for their grandchildren. Sometimes called custodial accounts, UTMA accounts generally stay under the ...Read More
A co-owner of a U.S. savings bond can transfer her co-ownership stake in the bond to a different co-owner under certain circumstances. Deciding factors include the two current owners' personal ...Read More
Compound interest can seem magical because it seems to increase your earned interest rate. This is because when you compound interest, you're earning interest on the actual interest you were already ...Read More