Effective April 1, a new law boosts federal deposit insurance coverage on certain retirement accounts maintained at FDIC-insured banks and savings associations and NCUA-insured credit unions to ...

Question: Margaret in Clermont County: I’m 71. I have my granddaughter (who is 22) listed as the beneficiary of my IRA. Will she have to pay taxes on that money once she gets it?A: Yes, she’ll have to ...

Nathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, and alternative investments on Investopedia since 2016. Thomas J.

How safe is your money? Here's how the US banking system works. The primary role for banks is to take in funds. Those deposits are the money you put in savings or checking accounts as well as deposits ...

The Federal Deposit Insurance Corporation (FDIC) insures deposits of up to $250,000 per person, per ownership category, per bank. Bank networks, such as IntraFi Network Deposits and Impact Deposits ...

There’s no limit to the number of IRA accounts that you can open, but your annual contributions are limited to the Internal Revenue Service (IRS) maximum across all your IRAs. The annual contribution ...