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Archive for February, 2010

Should I Put Money In Savings Or CD?

This item was filled under [ Saving ]

Savings Account vs CD You’re sitting on some cash and you’re wondering whether to put it in a CD or savings account. Given the current rate environment, there are some advantages and disadvantages to each option. Should I put my money in a certificates of deposit? Before you decide on a savings or CD, you’re [...]

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What is a Spousal IRA?

This item was filled under [ Glossary ]

A spousal IRA allows contributions to be made to into an account on their spouses behalf. They were created to allow stay at home parents to put away money for retirement even if they don’t earn any income. Normally you’re allowed to contribute $5,000 or 100% of your income to your IRA. However if you’re [...]

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