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Information to help you along your journey to a brighter financial future.

The Roth IRA Conversion

The rules have changed in the retirement arena, specifically concerning the Roth IRA.  As of this year, the $100,000 income restriction has been lifted, so any amount of money can now be converted from a traditional individual retirement account to a Roth IRA. The conversion may make sense for some individuals but could be very…

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More Bank Products to Search From

It may not be quite like scoring a goal in the World Cup, but we still think we’ve got some pretty good news to share.  As of this week, we’re now searching 130,000 savings products at more than 10,000 banks and credit unions to find better deals for our users.  That’s up from 50,000 products… Read more

NYT: The recession may actually be helping some Americans improve their health.

The recession’s silver lining is welcome news. On the other hand, this silver lining only applies to those who had any spending to cut in the first place. People who were poor or borderline poor before the recession now have even less leeway to change their shopping habits. Being frugal implies you are making a choice. Being poor is something… Read more

America’s Financial Capability Gap

Suppose you put $100 in a savings account with an annual interest rate of 2%. After five years, how much would you have in the account? More than $102 Exactly $102 Less than $102 This question requires only a basic understanding of the concept of interest. Yet only 61% of Americans selected the right answer… Read more

Smart Banking Helped Me Do Well. Can Smart Banks Help Me Do Good?

Try to think of an exemplary American philanthropist, and Warren Buffet, Oprah Winfrey, and other superrich individuals may leap to mind. While charitable donations come from people of all backgrounds, philanthropy is a term associated with the very wealthy (and drinking, if you went to a Greek school). Perhaps this is the reason many banks’… Read more