Thursday, 9 July 2020

All posts by Szemere

Over 6 Million Households Make Less Than Proposed Universal Basic Income
08 Jul
2:08

Over 6 Million Households Make Less Than Proposed Universal Basic Income

Updated on Wednesday, July 8, 2020 As the coronavirus pandemic continues to pummel the U.S. economy, causing a heightened financial strain on U.S. households, the argument for a universal basic income (UBI) has been gaining traction. In fact, legislation introduced in the House of Representatives in April 2020 proposes a UBI […]

What Is Wealth Management?
07 Jul
5:53

What Is Wealth Management?

Updated on Tuesday, July 7, 2020 Wealth management is a top-tier financial management service that caters to wealthy individuals by curating and coordinating the right mix of financial products, experts and strategies to help grow and protect their wealth. It’s a consultative process that focuses on a client’s entire financial […]

Vectra Bank Colorado Review: Checking, Savings, CD, Money Market and IRA Accounts
02 Jul
4:00

Vectra Bank Colorado Review: Checking, Savings, CD, Money Market and IRA Accounts

This account is for Vectra Bank Colorado customers 25 and younger. It comes with a low opening deposit requirement and no monthly fee. While it does have the ability to earn interest on any amount, the rate is low — albeit higher than the regular Savings account. This account also […]

Returning to Normal: How Long the Economy Takes to Return to Pre-Recession Levels
02 Jul
9:18

Returning to Normal: How Long the Economy Takes to Return to Pre-Recession Levels

When the COVID-19 pandemic began, most of the economy was brought to a near-immediate standstill or a significant slowdown. With everyone on Wall Street and Main Street asking when and how it will end, there was no doubt a recession was here before the National Bureau of Economic Research (NBER) […]

Financial Advisor vs. Financial Planner: What’s the Difference?
02 Jul
2:29

Financial Advisor vs. Financial Planner: What’s the Difference?

In the financial services industry, it can be a little confusing figuring out the difference between a financial advisor vs. financial planner. There’s a fair amount of overlap between the two roles, and some people use the terms interchangeably — but there is a difference. A financial advisor is more […]

Separately Managed Accounts (SMA): What You Need to Know
01 Jul
7:42

Separately Managed Accounts (SMA): What You Need to Know

As your assets grow, you may want more customization and control over your investments. If that’s the case, separately managed accounts (SMAs) may be a good solution for you. SMAs – portfolios of securities managed by an asset management firm and overseen by a professional money manager – are best […]

IBERIABANK Review: Checking, Savings, CD, Money Market and IRA Accounts
01 Jul
12:59

IBERIABANK Review: Checking, Savings, CD, Money Market and IRA Accounts

The rates on IBERIABANK’s SelectPlus Money Market account are nothing to write home about. They’re beat by the competition, and come with high minimum balance requirements relative to the APY. If your balance falls below $5,000, you will be subject to a monthly maintenance fee. Money market accounts are technically […]

Banner Bank Review: Checking, Savings, CD, Money Market and IRA Accounts
01 Jul
6:18

Banner Bank Review: Checking, Savings, CD, Money Market and IRA Accounts

This account is sort of like Baby Bear’s bed in the Goldilocks fairy tale. It has a higher monthly fee and minimum opening balance requirement than Banner Bank’s Connected Savings account. But you only need to keep $1,000 in the account, rather than $5,000, to avoid the $10 monthly fee […]

How to Cash a Check Without a Bank Account
28 Jun
3:59

How to Cash a Check Without a Bank Account

You can cash a check without a bank account in a number of ways, although you may incur a fee for the service. The cheapest option is typically to go directly to the issuing bank to cash the check, which can offer the service for free, depending on the check […]

N26 Review
27 Jun
9:09

N26 Review

Update on Saturday, June 27, 2020 N26 is a cash management account made for younger generations. The mobile-first N26 account comes with a sleek debit card, cashback rewards on subscriptions and early paychecks via direct deposit. N26 is relatively fee-free, so you can focus your money on spending and saving, […]