I had recently been looking for new bank accounts as my current bank (Santander) had stopped offering their bonus checking account and they also were no longer offering the high yield savings account that I had (the interest rate was a whopping 1%, but still better than most places). I
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IRS To Use Private Debt Collectors
Does it seem like new IRS scams are coming out faster than they stop them? Every year it seems we go through the same pattern around tax season of telemarketers trying to scam people while posing as the IRS. To make things even more ridiculous, the IRS is going to employ
Continue readingMake Your Bank Work For You
With all the recent news about Wells Fargo opening fraudulent accounts in customer’s names that did not even request it, I figured that this would be a timely post. Over 5000 employees were accused in this case, and several whistle blowers have said they were fired when trying to report the
Continue reading401k Explained
When I started my career after graduating college, I had heard of the terms 401k, IRA, Roth IRA, pension, etc but had no idea how they worked or what exactly all those acronyms stood for. With this post I’m hoping to explain and clear up any confusion around one type
Continue readingFinancial Literacy Test
I was recently reading an article on Time that said nearly two-thirds of Americans can’t pass a basic test of financial literacy. That means that almost 66% of people failed the test – I couldn’t believe it! Basic financial literacy? I have a little more faith in our intelligence than
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