Most people know that opening a new credit card account or applying for a mortgage affects their credit score. But did you know that, while it’s rare and situational, opening and closing other accounts — like checking and savings accounts — can also impact your credit score? Once you know how different types of accounts…
While they both hold financial assets, a brokerage account and an IRA (Individual Retirement Account) are two different types of accounts. The main difference between the two is that an IRA is an account used for the purpose of accumulating assets for use in retirement. Several tax advantages exist for the IRA that do not…
We’ve all heard it before — advice from so-called money experts that tell you what you should and shouldn’t be doing with your money. While some advice is certainly helpful in general, it’s important for people to get advice that can directly help with their current, unique situation and needs. And sometimes, it’s not what…
Perhaps the best ride you’ll ever take in your car is on the day it’s 100% yours. The quicker you can pay off your car, the sooner you can take the wheel with complete financial peace of mind. Your bank account will thank you — with the average price of a new car in the…
You may have noticed interest rates hovering at 30-year lows and now wonder whether it’s a good time to refinance your student loans. Well, the answer is: not necessarily. You want to help, not hurt, your financial well-being, your credit score and prospects for future borrowing. So, the choice to refinance your student loans will…
