Archive for November, 2008

Money in a bank

Monday, November 10th, 2008

A bank is one of the safest places to stash your cash because bank accounts are insured against loss by the federal government for up to $100,000 per depositor. Banks pay lower rates on interest-bearing accounts than other institutions, such as brokerages or mutual funds that offer check-writing privileges. Bank fees ...

Pension affected by the current crisis

Monday, November 10th, 2008

Just because the stock market is reeling doesn't mean that employers can slash retirees’ pension or take it away. The size of a pension check is based on the number of years employees worked and their salary. Once vested, employers must pay employees the pension they've earned. Pension managers generally invest ...