Planning your own retirement can be challenging enough, but when your parents reach an age where they no longer can handle their finances, you may need to step in and help out. Seniors often need some help with money management in order to take care of their finances correctly and to have plenty of money set aside to pay for medical costs and other needs. Have the Discussion It is important to sit down with your elderly parent and discuss their finances. Certain things like managing the bills … [Read more...]
Is Your Money Market Account Safe?
Investing is a great way to have money set aside for retirement and a money market account is a great way to earn some extra interest money on your emergency cash fund. Like any investment you need to consider the security of your investment. Is your investment in a money market account safe? The simple answer is YES. Typically money invested into money market accounts will be safe and protected as most of the companies offering them are backed by the FDIC. However money invested into a money … [Read more...]
