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Tip of the Day Re-check Your Withholding Every Year

Re-check Your Withholding Every Year - Life has a funny way of changing, but missing golden opportunities for tax savings doesn't make us neglectful, it makes us silly. ...

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Money Market

Definition: Money market accounts pay competitive interest rates (higher than savings accounts) in exchange for the use of your money.Advice: Money market accounts pay higher interest rates because they usually demand that you keep a higher balance.  Also, many people get these confused with CD's.  They are in fact quite different: CD's are time deposit accounts whereas money market accounts are demand deposit accounts.  This means you can take your money out whenever you choose.

 

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Definition of the Day Redemption Price

Redemption Price - The redemption price of an issued stock, preferred stock or, bond known as the redemption value. This means that when you first divested and, purchased a preferred stock, well informed at the time of purchase what the specified price was. The set price of the stock for...

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