Latest Articles by Xiomara

September 2022 Fed Meeting: Rate Hikes Continue as Inflation Persists
The Federal Open Market Committee (FOMC) has announced a 0.75% increase of the benchmark federal funds rate for the third consecutive meeting. Broad price increases have been a big challenge facing the U.S. economy in 2022, and the Fed has responded by rapidly tightening monetary policy. The federal funds rate, ... Continue Reading
September 22, 2022
Rollover IRAs: What They Are and How They Work
Have you ever broken up with someone, only to realize you left your favorite sweatshirt at their apartment? A rollover IRA allows you to avoid that exact problem with your retirement savings when you leave a job. Rollover IRAs help you move money you’ve saved in a former employer’s 401(k) ... Continue Reading
September 19, 2022
7 Best No-Penalty CD Rates in September 2022
What if I need the money? That’s a typical concern for people considering a certificate of deposit (CD). CDs tend to have better interest rates than savings accounts, but you generally have to keep your money in that CD until it matures, as early withdrawals come with penalties. For the ... Continue Reading
September 14, 2022