Should I Put Cash Into a Money Market Fund?
As the Federal Reserve has raised the targeted federal funds rate, money market funds have been gaining attraction from investors. Since the beginning of 2022, interest rates have been on the rise which has resulted in some horrific returns in the bond market. With some money market funds yielding over 5% today, is it a […]
How Much Cash Should I Hold?
Most people hold cash in some combination of checking and savings accounts at a bank. The cash in these accounts is used to pay for normal everyday expenses throughout a typical month. However, in addition to holding cash in a checking/savings account to pay for bills, you should also consider having a separate savings account designated as an emergency fund. This emergency fund won’t fluctuate monthly like your checking and savings accounts and the purpose of holding it is to be a buffer against an unforeseen event. Having an emergency […]
How to Manage your Excess Cash
There are several types of qualified retirement plans employers can establish for their employees. The most common qualified plans are 401(k)’s, 403(b)’s, SIMPLE’s and 457’s. The IRS imposes limits on how much an employee can contribute to these plans each year. For those people with high incomes, it is possible to hit these IRS limits […]
Cash Yields More Than Stocks
Today short term bonds yield more than the stock market, Jim explains in the most recent video update…