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Fed Liftoff Day is Here
The Federal Reserve has raised interest rates by 25 basis points today, moving the Fed funds target rate off of zero to a target of 0.25/0.50. The target rate had been at zero since COVID-19 arrived on US shores more than two years ago,... Read →
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Fed Ends January Meeting Planning to Raise Rates, but Not Until March
The Federal Reserve is going to be raising rates in 2022. This action is desperately needed to fight inflation. But, it isn’t ready to act now. It has been clear that Federal Reserve Chairman Jay Powell has been about as wrong on... Read →
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Capital One Venture X is Probably Not a Replacement for Amex Platinum or Chase Sapphire Reserve
Capital One announced the Venture X card last month to great fanfare. They paid the credit card bloggers handsomely to promote it with many of them obliging all too easily and changing the background of their sites to Capital One... Read →
Medical Savings Account or Health Savings Account?
A comparison of two popular tax-favored savings plans to help you determine which is best for you.
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How Much Do You Need for Your Retirement?
It all begins with this important question. There really isn't any way of avoiding it.
Read →Many Massachusetts-based banks now offer competitive online savings accounts. Can depositors rely on the Commonwealth's Depositors Insurance Fund and deposit amounts over FDIC limits in these banks?
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Two Credit Cards Stand Apart With Outstanding Reward Rates Across All Personal Spend
Over the last several years, all major credit card companies have gotten into the business of promoting spend in certain categories by issuing cards that provide extra points (or cash back) in certain spend categories. It started when... Read →
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Could the Climate Crisis Lead to A Banking Crisis?
I’ve previously espoused the belief that banks need to be given time to formulate a response to the current climate crisis. After COP26 in Glasgow, it is clear that the costs of wind and solar are falling and production advances in... Read →
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Examining the Banks’ Climate Policies Critically
It is pretty clear at this stage that those of us alive today and our children, grandchildren and their descendants are facing a climate crisis unlike anything the inhabitants of Earth have ever faced. It is also very clear that this... Read →
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The Federal Gas Tax Was A Huge Climate Change Initiative Missed By the Obama Administration: Biden Can Fix It Now
The Democrats last controlled the Senate, the House of Representatives and the Presidency in the 111th Congress from January 2009 to January 2011. For most of that time, crude oil prices ranged from $100 to $120 a barrel. Oil prices... Read →
Managing your Finances after Divorce
A guide to protecting your financial health during and after your divorce.
Read →Custodial savings accounts are bank accounts set up by a parent for a child that can contain either savings accounts, CDs, or a combination of both. Using them as a savings vehicle present several advantages and disadvantages.
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Does Opening a Savings, CD, or Checking Account Impact on Your Credit Score?
We have all heard stories about how applying for many savings or cd accounts can have an adverse impact on your credit score. According to conventional wisdom, some banks do a hard pull on your credit and these pulls can cause your score to... Read →
It is quite evident that every bit of extra cash of interest makes a huge difference. Selecting the best savings account can sometimes prove to be a daunting task in a market where the interest rates are finally beginning to... Read →
We all know the expression that cash is king. But with rates on savings, checking accounts, and CDs below 1%, the question is, how much of a king? How much money should an individual hold in cash?
I spoke with Marc Freedman, President... Read →
