Spousal IRAs

What is it? A spousal IRA is a type of individual retirement account that allows a working spouse to contribute to a nonworking spouse’s retirement savings. A Spousal IRA creates an exception to the provision that an individual must have …

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Employer Retirement Plans: Two Basic Types

There are two basic types of retirement plans typically offered by employers – defined benefit plans and defined contribution plans. Defined Benefit Plans In a defined benefit plan, the employer establishes and maintains a pension that provides a benefit to …

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U.S. Savings Bonds

Savings bonds are securities issued by the U.S. Treasury Department. They provide funding dollars for the U.S. government, and in return for using your money, the government pays you interest. Here are some key features of savings bonds: Savings bonds …

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I -Bonds

Savings Bonds are often considered a safe and trustworthy investment because the U.S. government backs them. There are different types of savings bonds, the most recent and one of the most popular types being the I Bond.  A key feature …

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Mutual Funds – The Basics

Mutual funds are investments that pool together the money of thousands of small investors and invest this money in stocks, bonds and/or other securities.  Instead of purchasing a particular stock, you purchase shares in a whole group of stocks. A …

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Mutual Fund Fees and Expenses

Why is it important to pay attention to mutual fun expenses? All mutual funds charge you some fees to cover on-going expenses, but the amount of the fees varies among funds. These expenses will cut into the amount of money …

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Women and Pensions: What You Need to Know

Women face a greater risk of poverty in old age than men. One important reason is that women are less likely than men to receive adequate pensions. The more you understand about pensions now, the greater your chances of beating …

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Callable CDs: Read the Small Print

Certificates of deposit (CDs) are an attractive saving instrument for individuals seeking a low-risk investment that can be converted into cash fairly readily. CDs require an investment for a fixed period of time such as six months, one year, five …

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