When you hear, “It’s guaranteed,” what do you think of? Safety, reliability or predictability? Certainly these can all describe a guarantee. However, another side to any guarantee often isn’t immediately visible. Guarantees come with a cost: a higher price, lower return, less opportunity, loss of freedom or commitment. Certified Financial Planner, Rick Kahler, explains what a “guarantee” really means when it comes to your money and if a guarantee is worthwhile.
Posts Tagged ‘certificates of deposit’
What “Guaranteed” Really Means in Personal Finance
January 11, 2011Where to Save Your Money as Rates Fall
February 4, 2008The Federal Reserve has lowered the Fed Funds Rate several times in the last couple of weeks. It currently stands at 3 percent. As the Fed Funds Rate plummets, so does the interest you make off your money in savings accounts and money market accounts. So where should you turn to make the most of [...]
So the Fed Cut Rates… What Does This Mean?
December 11, 2007The Federal Reserve — aka “the Fed” — lowered the Fed funds rate today by 1/4 point to 4.25 percent. Great, but what does that really mean?
Make the Most of Your Savings
December 4, 2007Has your rainy day fund taken a hit lately? Interest rates have fallen recently, which may be good for your mortgage, but not necessarily for your savings account. Now’s the time to take a closer look at where you’re keeping your hard-earned savings and if you’re making the most of your money.
