Search Results for: blog the types of savings accounts

Financial Preparedness Advice from Money Bloggers

One important part of preparing for the future is having your finances in order. The money blog here at families.com is a great resource for learning to budget your money, save, invest, and get out of debt. Here are some great articles to read that will help you be financially prepared for whatever life has to offer: Preparing for death: Writing Down Your Wishes Everyone should have a will, especially those with children or those married with children from a previous relationship. The Basics of Estate Planning For more information on starting a will or trust, read this article. Getting … Continue reading →

Types of Retirement Accounts

If you have thought about retirement savings you know that there are many options available to you. You may have a 401K, an IRA or a 403b. You may want to have additional money set aside for retirement besides what you have in these accounts. The way you invest the money in these accounts may affect your rate of return, and how much money you have available to you when you retire. Some banks will offer IRAs that are Certificates of Deposit (CDs). While others will allow you to choose what types of funds you put your money in. Your … Continue reading →

Five Advantages of Children’s Savings Accounts

Banks offer savings accounts designed specifically for children. These accounts offer children an opportunity to learn about how banks work, and they also make it easy for children to save money. You may begin to save money for your child using this type of account. However you may want to switch your savings for college to another account as soon as you have the minimum to open a higher yield savings account. Here are five advantages for having your children open a child’s saving account at the bank or credit union. 1) There is no minimum balance required for children’s … Continue reading →

Wells Fargo Makes Changes to Employee Health Insurance

Wells Fargo has decided to make some big changes to the health insurance plans that it offers it’s employees. The overall purpose is so bank will save money by spending less on health care. This leaves the people who work for Wells Fargo with some difficult choices. Starting next year, Wells Fargo is going to roll out a new employer sponsored health insurance plan. The new plan will require employees to do one of two things. They can put their own (pretax) dollars into a savings account. Or, the worker can pay a higher health insurance premium (and let Wells … Continue reading →

How to Save on Banking Fees

It is a bit of a pet peeve of mine that banks charge so many fees for the privilege of lending out your money. Interest rates on savings accounts don’t justify all of those extra fees for checking accounts, either. Fortunately, there are some ways to get those fees eliminated altogether and save more of your own money. Penalty Fees If you aren’t careful, penalty fees can add up, and in many cases, the interest on those fees compounds, making things even worse. Consider what happens if you find yourself writing a check when your deposit hasn’t been recorded into … Continue reading →

Utah Hospitals Change Eligibility For Cheaper Insurance

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A chain of hospitals in Utah that are owned by HCA MountainStar is going to be doing something unique with the employer sponsored health insurance that the group offers to its employees. Starting next year, there will be separate health insurance options available to workers, depending on whether or not they submitted to a health screening. Six hospitals in Utah that are owned by HCA MountainStar are changing their eligibility for some employer sponsored health insurance plans, starting in 2012. Employees will be asked to submit to annual screenings. I’m not sure if this new idea qualifies as a form … Continue reading →

Financial Tsunamis

We’ve all watched the news reports from Japan with sorrow and horror. The devastation is unbelievable, and it’s hard to imagine having to endure such tragedy. Our hearts go out to the victims and we pray for them to find comfort and peace as they seek to rebuild their lives and mourn the loss of loved ones. As we contemplate these things, it’s natural for our thoughts to turn to the ripple effects of the event on our world economy, and to wonder how this tragedy might affect us down the road. Obviously, we didn’t just see our town washed … Continue reading →

Tax-Free Investing

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When it comes to investing, there are two main types – ones that are tax-advantaged and ones that are not. How do you decide which one to use? Read on to find out! Tax-advantaged accounts come in many flavors, but overall there is always some sort of tax break, deferral or savings associated with the account. One example of these is a 401k plan that lets you put away income pre-tax and does not tax you on the growth of the investment until you use it much later. Also, different types of accounts offer different types of tax advantages. For … Continue reading →