The Motley Fool

JULY 2, 2023

Image source: Getty Images You should have a savings account. Your savings accounts should be separate from your checking account. Not sure what kind of savings accounts you should have? Here are four types of accounts just about everyone should consider opening. In fact, you should have several.

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A Wealth of Common Sense

APRIL 13, 2023

I’m currently maxing out my 401k, Roth IRA, and have roughly $45k in a taxable brokerage account. Via my company’s ESOP, my company’s stock has become 20% of my brokerage account even after selling a good chunk steadily over the past several years. A reader asks: I’m a 30 year old living in Brooklyn making $175/year.

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AltAssets

JULY 24, 2023

Apex Group has agreed to acquire AXESS Accounting Office, a provider of corporate services to the Japanese market. The post Apex Group to acquire AXESS Accounting Office first appeared on AltAssets Private Equity News.

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The Motley Fool

AUGUST 25, 2023

Image source: Getty Images I've opened and closed two bank accounts in the last two months. There's more to bank accounts than savings accounts. You've got checking accounts, money market accounts, and certificates of deposit (CDs). How do you know if you should open another account? More on that later.

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The Motley Fool

AUGUST 26, 2023

Image source: Getty Images The first type of financial account you ever opened was likely a checking account or a savings account with a bank or credit union. These types of accounts are sort of personal finance 101. Having multiple bank accounts can be a great way to manage money for different uses and goals.

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The Motley Fool

SEPTEMBER 1, 2023

Image source: Getty Images Many people keep some extra cash in their checking accounts. But keeping all your extra money in a checking account isn't the best move. Many of the best checking accounts don't earn interest, so you won't have the opportunity to grow your money. It may be more than you think. That's a lot of cash!

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The Motley Fool

SEPTEMBER 24, 2023

Chances are good you use your checking account for a lot of your everyday bills and expenses, so you might assume you should just keep your emergency fund there. It likely won't earn interest The first reason why your checking account isn't the right place for your emergency fund is that it's likely not going to grow from interest there.

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The Motley Fool

SEPTEMBER 18, 2023

Image source: Getty Images Managing a checking account is so much fun. After all, what could be better than spending hours poring over your bank statements, accounting for checks you've written and bills coming out soon, and deciding how much you need to transfer to different savings or investment accounts?

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The Motley Fool

JUNE 28, 2023

Image source: Getty Images Whether you need an accountant for your small business or your own personal needs, it's important to find the right person for the job. If you've yet to find the right accountant for you, it pays to focus on that search during the summer months. Accountants tend to be very busy during tax season.

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The Motley Fool

JULY 16, 2023

If you're wondering whether your business should start a Threads account, here are some questions to consider. If you have an Instagram account, it will be relatively easy to add Threads into the mix. One thing to bear in mind is that right now, if you create a Threads account, it isn't easy to go back. What's your plan?

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Wealthfront

MAY 16, 2023

You may have heard about the APY on Wealthfront’s Cash Account offered through our partner banks and wondered whether this account offers benefits beyond the high APY. The Cash Account has a few key advantages over a standard savings account you should know about. The short answer is – yes!

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The Motley Fool

AUGUST 14, 2023

Bonus offer: unlock best-in-class perks with this brokerage account Read more: best online stock brokers for beginners But I also use a regular old brokerage account to save and invest for retirement. Although that account doesn't give me any tax breaks, it allows me to access my money when I want.

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Wealthfront

NOVEMBER 10, 2022

Today, we’re excited to announce we’ve doubled the FDIC insurance you get on your deposits in a Wealthfront Cash Account. Your Cash Account deposits are now insured for up to $2 million through our partner banks, which is 8x the amount available in a traditional bank account.

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The Motley Fool

AUGUST 27, 2023

The median American's savings account balance fell from $4,500 last year to just $1,200 in July of this year, according to savings research by The Motley Fool Ascent. But if you need to do that, it's important to build your savings account back up as soon as possible. The average savings account interest rate is just 0.42%.

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AltAssets

JUNE 19, 2023

PAI Partners has picked up a stake in Hg-backed SME accounting, tax, payroll, audit and advisory services business Azets. The post PAI Partners buys into Hg-backed accounting, payroll business Azets first appeared on AltAssets Private Equity News.

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The Motley Fool

SEPTEMBER 3, 2023

Image source: Getty Images Depositing money in your savings or checking account is something you'll probably do often over the course of your life. If you deposit more than $10,000 in cash in your bank account at one time, your bank is required to report this behavior and to keep a record of it. Here's why.

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The Motley Fool

JULY 19, 2023

For some, that means an increased interest in what happens to their retirement accounts following divorce. The account type matters Like any other marital assets, retirement accounts are typically divided in a divorce proceeding. How it's divided, though, depends on the type of account and when it was established.

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The Motley Fool

AUGUST 16, 2023

For one thing, you could pad your savings account so you have cash reserves to tap when healthcare bills arise. But if your health insurance plan is compatible with a health savings account, or HSA, then it pays to participate. Our picks of the best online savings accounts can earn you 12x the national average savings account rate.

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The Motley Fool

AUGUST 15, 2023

If you have a large chunk of savings set aside, make sure you keep it in a bank account that earns interest. Below, I'll explain how much you can earn with this sum by keeping your cash in a high-yield savings account. But if you open a high-yield savings account, you'll likely be offered a much higher APY.

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The Motley Fool

AUGUST 9, 2023

If you're saving for emergencies, you should keep your money in a high-yield savings account to maximize the interest you earn. Below, I'll explain how much you can earn with this sum in a high-yield savings account. It's not unusual for brick-and-mortar banks to offer low APYs for their savings accounts.

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The Motley Fool

SEPTEMBER 27, 2023

Having money in your savings account could help you avoid debt when unplanned bills arise. Dump streaming services you don't really use Many of us pay for streaming content we think we need, only to realize it's been weeks since we've logged into our accounts. The idea of building an emergency fund may seem daunting.

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The Motley Fool

SEPTEMBER 21, 2023

A Roth IRA is perhaps the most powerful retirement savings account you can own. Once your money is in the account, it can grow tax-free in your Roth IRA for the rest of your life. If you do choose to withdraw money from your account once you qualify, those withdrawals are also tax free. Image source: Getty Images.

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Sara Grillo

AUGUST 25, 2023

I created this list of financial advisors for small accounts (less than $300,000 in assets) because there are alot of schmucks out there hawking crap products to people with portfolio of this size, and I don’t think it’s fair. Transform Retirement www.transformretirement.com Avg account size: Approx. Three Creeks Capital – Ryan A.

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Wealthfront

SEPTEMBER 14, 2023

We’re excited to share that our Cash Account clients have collectively earned half a billion dollars in interest year to date.

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The Motley Fool

AUGUST 13, 2023

With over 60 million people participating in a 401(k) plan, it's the most popular retirement account in the country. An IRA, both traditional and Roth , can be a better retirement account option in many situations. You can keep your money in the account (hopefully growing) as long as you please. Image source: Getty Images.

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The Motley Fool

SEPTEMBER 15, 2023

You might prefer to spend less and put more money into a high-yield savings account. And if you don't want to see your marriage torn apart by financial conflict, then you and your spouse may want to consider opening separate bank accounts. Let's say you and your spouse each contribute $500 a month to an account of your own.

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The Motley Fool

JULY 5, 2023

Retirement accounts like the IRA and 401(k) are designed to help you save for retirement. If you've saved in pre-tax accounts your entire career, you may have quite a bit of savings in a traditional IRA or 401(k). The annuity method calculates a fixed withdrawal amount that takes the current account value divided by an annuity factor.

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Integrity Financial Planning

MAY 8, 2023

You may know plenty about the differences between traditional IRAs and Roth IRAs, as well as the risks to your IRAs in this market, but what happens to an IRA (or other retirement account) that still has money in it when its owner passes away? 1, 2, 3, 5] [link] [4] [link] The post What Happens to Inherited Retirement Accounts?

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The Motley Fool

SEPTEMBER 23, 2023

You probably already know about typical retirement savings accounts like the IRA and 401(k). But you may have access to a special retirement account that could supercharge your savings. And if you make even a dollar of self-employment income, you're eligible to open an account and contribute. Image source: Getty Images.

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The Motley Fool

AUGUST 26, 2023

Image source: Getty Images Savings accounts are often pretty basic, as bank accounts go. Add money to one, and if you've got a high-yield savings account , you could see some pretty decent growth over time. And if your account is with an FDIC-insured bank (as it should be!), Here's why.

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The Motley Fool

JULY 2, 2023

My emergency fund is not in my regular checking account. Instead, I keep the money in a high-yield savings account. My account balance is well below the FDIC-insured limit of $250,000 since I am only keeping the money I need in there for emergencies. There are three reasons why I have made that choice.

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The Motley Fool

SEPTEMBER 22, 2023

Image source: Getty Images These days, it's not hard to find a savings account paying an annual percent yield (APY) above 4.5%. Well, the Prizepool Savings App is no witchcraft, just a digital bank account with some unusual features. APY, which is a decent interest rate but not as high as no-fee savings accounts at other banks.

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The Motley Fool

AUGUST 12, 2023

Image source: Getty Images Many people keep their money in their bank accounts. You likely have a checking account for your everyday money needs, and a savings account , where you stash your extra savings. Doing this can help you keep more money in your checking account. I'm talking about gift cards.

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The Motley Fool

AUGUST 13, 2023

Many people are familiar with an FSA, or flexible spending account , in the context of healthcare expenses. But you can fund one of these accounts on a pre-tax basis to shield some of your income from the IRS. Our picks of the best online savings accounts can earn you 12x the national average savings account rate.

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The Motley Fool

SEPTEMBER 8, 2023

Image source: Getty Images When you first begin investing, it's smart to start with the most accessible account available to you. After you've put money into your 401(k), though, you most likely will want or need to open a brokerage account to keep investing. You will pay taxes on withdrawals from your account as a retiree.

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The Motley Fool

JULY 25, 2023

But that also means that savings account rates may not rise. So for the time being, savings account rates might hold steady rather than rise. But the good news for savers is that the Fed is not expected to cut rates anytime soon, so current savings account rates should at least hold steady for a bit if they don't rise.

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The Motley Fool

AUGUST 19, 2023

But these days, most brokerage accounts offer commission-free trading, which can save investors a bundle. In fact, you may be hard-pressed to find a brokerage account that still charges those fees. But it's still important to choose your investment account wisely. You can start with five or six stocks and build up over time.

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