The Motley Fool

APRIL 17, 2024

Image source: The Motley Fool/Upsplash It is a good thing to have money in a savings account. If you have short-term goals and will need to access your money soon, a savings account can also be a good place for it, since you won't risk losing any of it. Here's what could happen if you end up with an overfunded savings account.

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The Motley Fool

MARCH 14, 2024

Image source: The Motley Fool/Upsplash Perhaps no deposit account has had such a massive resurgence over the last year as certificates of deposit (CDs). In fact, for some people, a money market account might be the better option. Many of today's best money market accounts have APYs that are on par with the best CDs. Here's why.

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The Motley Fool

FEBRUARY 26, 2024

Unless you pay for a family plan meant to be shared, there may be restrictions on how you use and share your account with others. Hulu recently alerted users that it would crack down on account sharing. More : Our picks for the best credit cards Subscribers will also be responsible for any account usage outside of their household.

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The Motley Fool

APRIL 7, 2024

Image source: The Motley Fool/Upsplash If you invest your money in a taxable brokerage account , you'll get complete flexibility with it. You can contribute as much to your account as you want each year, and you can cash out investments whenever you choose without risking a penalty. The same holds true for a traditional 401(k) plan.

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The Motley Fool

APRIL 30, 2024

Image source: Getty Images Savings account rates have gone up quite a bit over the last two years. Some of the top high-yield savings accounts are currently offering APYs of over 5%, and there's no risk involved. Believe it or not, it's possible to keep too much money in a savings account. That won't last forever, though.

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The Motley Fool

MARCH 10, 2024

Image source: Getty Images Many Americans use checking accounts to manage their money. When things are going well for you financially, you could find yourself with more and more money sitting in your checking account. It's exciting to see a big balance when you log into your bank account. You could do that about once a month.

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The Motley Fool

MAY 4, 2024

Image source: Getty Images When choosing a high-yield savings account, most people focus on one thing: the annual percentage yield (APY). This is understandable because APY is a key factor in how much you take home from the account. Savings accounts can have other perks too. But it's not the only thing that matters.

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The Motley Fool

MARCH 27, 2024

By opening these accounts for your kids early on, you're not just saving for their financial future , but potentially unlocking the door to millionaire status. So, let's dive into the types of accounts that can make a huge difference. UTMA account A Uniform Transfers to Minors Act (UTMA) account is another fantastic tool.

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The Motley Fool

APRIL 7, 2024

Image source: The Motley Fool/Upsplash Bank accounts are one of the safest places to store money. As long as your bank has FDIC insurance , your deposits are insured up to $250,000 per account holder. The account and unpaid balance must be with the same bank for the right to offset to be legal.

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The Motley Fool

JANUARY 1, 2024

One of the first things you'll need to do is decide which retirement account(s) you want to use. This is free money your employer gives you for contributing to your retirement account. for every dollar you put into your retirement account, up to a certain percentage of your income. Save up for this in a savings account instead.

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The Motley Fool

APRIL 27, 2024

I'm concentrating my retirement account on investments that generate passive income and can deliver compelling price appreciation with less volatility. I recently added a new investment to my retirement account that I believe can enhance my ability to reach my retirement goals: JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ: JEPQ).

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The Motley Fool

APRIL 12, 2024

Image source: Upsplash/The Motley Fool Deciding where to put your money is very important because there are different kinds of accounts that make sense for specific situations. For most people, a savings account and a brokerage account are two options that you'll have to decide between at some point in your life. companies).

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The Motley Fool

APRIL 15, 2024

Image source: The Motley Fool/Upsplash Your brokerage account , for the most part, is not an account you want loaded with cash. If you want access to cash for emergency expenses and near-term financial goals, then a savings account is your best bet. But keeping a small amount of cash in your brokerage account isn't a bad idea.

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The Motley Fool

MARCH 8, 2024

Unfortunately, once you have an emergency, a good amount of that money you worked so hard to put into your savings account could end up being used to cover the surprise costs. As soon as your emergency account balance is back where it should be, you can start up again. That's not a problem since that's what the money is there for.

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The Motley Fool

MAY 2, 2024

But the good news is that there are many products and services out there that make small business accounting easier than ever. If you're just starting your small business , here are three basic accounting principles you should know and some suggestions for managing your accounting needs.

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The Motley Fool

FEBRUARY 6, 2024

Image source: Getty Images If you are opening a brokerage account , there are a few key facts you should understand first. Bonus offer: unlock best-in-class perks with this brokerage account Read more: best online stock brokers for beginners 1. Since you have a bigger account balance, you can earn even more going forward.

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The Motley Fool

MARCH 10, 2024

Image source: The Motley Fool/Unsplash Having a chunk of money in your checking account can feel good, especially if you've ever been broke. However, there is such a thing as having too much money in your account. You reappear one year later and your $5,000 is still in the account. There's no reason to waste money on fees.

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The Motley Fool

NOVEMBER 25, 2023

Considering the amount of money involved, you might wonder if an investment account is a good place for your emergency fund. Instead of having that money sitting around in a bank account, you could invest and grow it. Your emergency fund should never go in an investment account. Here's why: Your money will be safe and insured.

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The Motley Fool

FEBRUARY 28, 2024

With that thought process in mind, I like to add investments to my retirement account that I can passively invest in without worrying too much, which generally leads me to exchange-traded funds ( ETFs ). Going the ETF route allows you to check many boxes at once, which is why I'm adding the following two to my retirement account in February.

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The Motley Fool

APRIL 20, 2024

You may be inclined to put that money into a savings account. However, if you have access to an HSA, or health savings account, you may want to prioritize contributions there. Here's why HSAs are actually far superior to regular savings accounts. Now let's compare that to a savings account. That's all fine and good.

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The Motley Fool

MAY 2, 2024

Image source: Getty Images There are a lot of checking accounts vying for your business these days. This competition is great for you because it means banks have to offer more to attract new business, but it can also make it tough to know which accounts deserve to hold your cash.

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The Motley Fool

APRIL 19, 2024

I keep my extra cash in a high-yield savings account to earn interest while my money sits in the bank. This type of savings account is ideal for people who want to get rewarded for savings. But there's one downside to high-yield savings accounts that you should know. However, consumers with savings accounts can benefit.

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The Motley Fool

APRIL 20, 2024

Having a business bank account can make it easier to handle your financial affairs. Easily see where your business finances stand A separate business checking account can allow you to understand your cash flow better. You'll see recent transactions and your account balance without subtracting personal expenses.

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The Motley Fool

MARCH 14, 2024

With that as the backdrop, here's a closer look at three stocks I'm thinking about adding to my retirement account this month. And yes, these are names that I see as being better-suited picks for an IRA than a conventional brokerage account. I'll tell you why. Fastly Fastly (NYSE: FSLY) isn't a household name.

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The Motley Fool

AUGUST 29, 2023

Or do you want to jump into having a joint bank account? Both approaches have pros and cons, but recent research suggests that you may be better off with a joint account if you want to maximize your chances for happiness. Why would combining accounts improve your relationship? Here's why. All of this makes a lot of sense.

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The Motley Fool

JANUARY 22, 2024

If that's you, I have a tip for what you should do first: Open a new bank account. That's right, your gym wants your bank account information. Like it or hate it, if you want to join one of these gyms, you're going to have to give them access to a checking account. Just choose an account with a bonus you can comfortably meet.

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The Motley Fool

MAY 6, 2024

Image source: Getty Images Savings accounts can be a great choice when you want to combine flexibility with earning interest on your savings. With a savings account, you can withdraw funds freely, that is, without having to untie it from stocks or break a CD contract. In fact, they're pretty lousy.

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The Motley Fool

MAY 6, 2024

Image source: Getty Images Sky-high interest rates on savings accounts and certificates of deposit (CDs) are one of the few upsides to the high inflation we've been dealing with over the last few years. But as inflation cools, many expect bank account interest rates to fall soon. Which type of account is right for you?

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The Motley Fool

MAY 1, 2024

Image source: Getty Images You spend your working life funneling as much as you can into a retirement account, where it can save you money on taxes and grow through the power of investing. Here's what you need to know to decide how much you ought to keep in a savings account in retirement. They also offer competitive interest rates.

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The Motley Fool

FEBRUARY 14, 2024

Image source: Getty Images Depositing $10,000 in a bank account may not seem like the most criminal activity. If you frequently make deposits over $10,000 in your savings or checking account , here's what you should know. Joint accounts are insured up to $500,000.) And, nine times out of 10, it really isn't.

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The Motley Fool

APRIL 1, 2024

Image source: The Motley Fool/Unsplash You've likely heard for years about how important it is to have a savings account. And opening a new savings account couldn't be easier these days -- you can even do it fully online. But not all accounts are created equal, and some just aren't worth your time or money.

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PE Hub

JANUARY 10, 2024

LeaseCrunch was founded by a team of former CPAs and accounting auditors in 2016. The post Aquiline invests in lease accounting software provider LeaseCrunch appeared first on PE Hub.

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The Motley Fool

JANUARY 12, 2024

With any type of savings, it's important to choose the right type of account. But the only place I trust with mine is a high-yield savings account. High-yield savings accounts are perfect for emergency funds A high-yield savings account is a savings account with a generous APY. What about other types of accounts?

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The Motley Fool

MARCH 11, 2024

Image source: The Motley Fool/Unsplash If you have a child in middle school or high school and you haven't saved any money for college, you might wonder if it's too late to open a 529 account in 2024. Lots of people are living paycheck to paycheck, and the median American savings account is only $1,200.

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The Motley Fool

MARCH 9, 2024

Image source: The Motley Fool/Upsplash When you earn money, whether it's from a job, a savings account , or investments, you have to pay the IRS a portion of your income. One strategy that could leave you paying less money in taxes is to contribute to accounts that allow you to legally shield income from the IRS.

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The Motley Fool

APRIL 11, 2024

One of those choices is whether to open a separate bank account for your company or whether you should just deposit the money you make into your own personal account. For most people, opening a separate account almost always makes sense. And that means it needs its own bank account.

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The Motley Fool

OCTOBER 18, 2023

And there's one retirement savings account in particular you might be interested in for one often overlooked reason. Not all self-employment retirement accounts work the same If you think 401(k) retirement accounts are limited to large employers, think again. The only catch? Just bear in mind these limits are raised every year.

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