Where to stash your cash? Some Americans are sleeping on it-literally. While banks are still the go-to solution for most consumers, 29 percent say they’re keeping at least some savings in cash bills and coins, according to a new survey of 1,820 …
DEFINITION of ‘Compound Interest’ Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan. Compound interest can be thought of as “interest on interest,” and will make a deposit or loan grow …
Consumer confidence unexpectedly fell in May by the most in more than two years as Americans’ views on the economy dimmed. The University of Michigan preliminary index of sentiment dropped to 88.6, the lowest since October, from 95.9 in April. The 7.3 …
How long does it take to double your money? You likely can have twice as much wealth in 10 years, if you invest it in stocks, or 72 years if it goes into a savings account. It pays to understand the math. …
What happens when your “dreams” come true? We’re always told to be careful what we wish for, and for Powerball lottery winner “Wild” Willie Seeley and his wife Nancy, this advice couldn’t be more appropriate. The Seeleys are calling their $3.8 million …
An illusion of liquidity has beguiled financial markets across the world and spawned some of the worst excesses seen on Wall Street in modern times, the International Monetary Fund has warned. Investors are borrowing money to buy shares on the US stockmarket …
A good financial adviser can add tons of value to your financial well-being and can enhance your quality of life. “Good” can be a subjective term, in this case good denotes someone who is qualified to help you and whose personality gives …
After decades of raising kids, the day parents finally watch them fly the coop can bring about feelings of depression and loss, often called “empty nest syndrome.” But this new phase in life can also be cause for celebration, giving parents the …
Michael Snyder outlined 27 facts that show how the America’s middle class has fared for the last six years. American families in the middle 20% of the income scale now earn less money than they did in 2008. American families in the …
Tax Rate Single 10% $1 – $9,075 15% $9,076-$36,900 25% $36,901 to $89,350 28% $89,351 to $186,350 33% $186,351 to $405,100 35% $405,101 to $406,750 39.6% over $406,750