A reader wrote in concerned about having money in a non-FDIC money market.
Money markets at brokerage firms may not (and probably are not) FDIC insured. Historically, only two money market funds have lost money.  In each case, account holders lost small amounts of money (3 cents on the dollar in one case).
If you have money [...]

Reader Question: If you met someone who only feels stressed & burdened by thinking about money, what would you say to rope her in?
Try thinking about money differently.
I have a friend who, though she does not care about money,  is very good with her money. Her financial goal is to not worry about money. If [...]

Betty Smith’s novel A Tree Grows in Brooklyn is the coming of age story of Irish-American Francie Nolan set in Brooklyn in the early 20th century. The book is wonderful, and has lots of details about how Francie’s mother deals with money.
The Nolan family is poor, and when there is not enough food, Francie’s mother [...]

There are two kinds of employer sponsored defined contribution retirement accounts: the Roth and traditional 401(k). These two options are analogous to the Roth and Traditional IRA accounts:

With a Roth 401(k), taxes are paid on the contribution, and withdrawals in retirement are tax free.
With a traditional 401(k), contributions are not taxed, but withdrawals in retirement [...]

I recently had a conversation with a friend about reading financial news. She said it was not worth reading the news; she has an investment plan and sticks to her target asset allocation.
Generally, I agree that it is a waste of most people’s time to follow financial news on a daily basis. There are several [...]

A reader wrote in requesting information about Roth IRAs. If you would like to read about something, let me know in the comments or on the contact form.
An Individual Retirement Account is an account that you set up on your own (as opposed to through your employer), and you are the only owner of it [...]

If you want the best rate on your savings, bankrate.com tells you the current banks that pay the highest interest rates. Since the listing changes daily, to constantly get the highest rates, you have to transfer your money between banks regularly.
Some people “chase rates” by switching money between any number of savings accounts in order [...]