Whenever youâre budgeting out your money, itâs important to understand how much money you have at any given time, but not all bank balances are equal. Making a mistake between your current and available balance, for example, could cause you ⦠Continue reading â
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Whether youâre saving money in a bank account or investing it in the market, you want some reassurance that itâs safe. The Federal Deposit Insurance Corporation (FDIC) and the Securities Investor Protection Corporation (SIPC) ensure banks and other financial institutions, ⦠Continue reading â
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Knowing how to bank effectively is a big part of being financially responsible. Different banks can have advantages over others. Employing different banking techniques can improve how you budget your money. One of those techniques is having multiple bank accounts. So, ⦠Continue reading â
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Writing checks may not be something you do often. But if you do write a check, itâs important to make sure you have enough money in your bank account to cover it. If you donât, your bank might charge a ⦠Continue reading â
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A revocable living trust can help you protect privacy, avoid probate and protects you in case of incapacitation. But you will also have some limitations. Thatâs because revocable living trusts can be expensive, and they donât have direct tax benefits. ⦠Continue reading â
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When banking failures occur, depositors naturally become worried about their money. They also tend to question whether to withdraw cash from their accounts or leave it where it is. And as depositors look for a safe place to house their ⦠Continue reading â
The post Are Money Market Accounts Safe? appeared first on SmartAsset Blog.
When someone dies, others may be called on to manage their estate. An executor is charged with overseeing the distribution of someoneâs assets according to the will or state inheritance laws if they die without a will. The deceased personâs ⦠Continue reading â
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The Volcker Rule was established following the Great Recession of the late 2000s and early 2010s. Essentially, the law stops depository banks from making risky and speculative investments with customer deposits. Furthermore, it prohibits banks from owning and investing in ⦠Continue reading â
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