Most people have never heard of a SIMPLE IRA and are curious to know the rules, limits and how it differs from a 401(k). A SIMPLE IRA sounds “simple” to setup but is it really that easy? And how does it compare to the 401k and other retirement plans that exist? We’ll answer that and … Read more

We all witnessed the stock market’s volatility in 2022, as soaring inflation led to aggressive rate hikes over the course of the year. Many stocks plummeted, with investors selling off their shares due to concerns about a possible recession.  Those fears have many investors concerned about where to invest their money in 2023. If you’re … Read more

Individual bank account bonuses and rewards programs come and go. But it’s basically a given that dozens of online banks (and brick-and-mortar banks and credit unions) offer enticements to new and longtime account holders at any given time. The same is true for opportunities to earn high yields (high-interest payouts) and generous rewards on other … Read more

Industrial & Construction Bank of China. China Construction Bank. Agricultural Bank of China. Bank of…China. These four banks all have something in common, and it’s not what you think. They’re the four largest banks in the world by asset size. Unless you’re familiar with China’s financial system, you probably haven’t heard of any of them. … Read more

Even if you overcame financial issues caused by the pandemic, the last few years have made it difficult to “get ahead.” The statistics show that time and time again, consumers are struggling to make ends meet due to much higher prices across the board. A recent report by PYMNTS and LendingClub showed that 60% of … Read more

Venturing into any of my home’s storage spaces — the attic crawlspace, the basement utility room, the garage, the shed, spare bedroom closets — gives me heartburn. We’ve accumulated a ton of stuff over the years, and the volume will only increase as our kids get older and demand more toys. Or we could become … Read more

Capital One Bank is one of the 20 largest banks by assets in the United States. To be precise, it’s #10 as of September 30, 2022. It makes a lot of money too. In 2021, the most recent year for which we have full data, Capital One Bank reported more than $12 billion in profit … Read more

The Discover it® Cash Back card is one of the most popular no-annual-fee cash-back credit cards around. In large part, its popularity is due to a tiered rewards program that features a selection of rotating 5% cash-back categories. Spending eligible to earn 5% cash back is capped at $1,500 per quarter across all bonus categories … Read more

Crypto has been in the news for all the wrong reasons lately thanks to the collapse of FTX and a handful of smaller exchanges. You’d be forgiven for wondering whether the whole sector is living on borrowed time. That question is above my pay grade. What I do know is that not all crypto exchanges … Read more

A career in a major bank can be both rewarding and well-paying, with top positions garnering income of hundreds of thousands or even millions of dollars annually. For example, investment bankers are near the top of the list, often working for large investment banks like Goldman Sachs or Morgan Stanley. But what exactly do these … Read more