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What is an IRA CD?

IRA (Individual Retirement Account) is an individual retirement account, an important part of the US funded pension system. An IRA is an account that the contributor maintains and manages independently. Such an account can be opened with almost any financial institution: a bank, mutual fund or brokerage company. This retirement account is not taxable, provided […]

How Do Cashier’s Checks Work?

A cashier’s check is a check guaranteed by a bank, drawn on the bank’s own funds and signed by a cashier. If no name is provided, the amount is paid to the holder of the check. A cashier’s check can also be understood as a certificate that gives the holder the right to purchase a […]

How to Send Money to Someone Without a Bank Account?

The choice of the best ways to send money without banking accounts depends on individual circumstances, such as the regularity of transactions, the amount, the convenience of funds receiving. Let’s consider top ways to send money, define their features, advantages and pitfalls. TransferWise TransferWise is a UK money transfer service launched in 2011. TransferWise was […]

The Top 10 Banks in America

The most used currency unit in the world is the US dollar. It is an international currency. The largest enterprises, the richest people are concentrated in America, and it is quite logical that the most popular banks of the whole world are located there. The first financial institutions in America began to appear in the […]

Who Has the Best CD Rates?

A certificate of deposit (CDs) is a security that certifies the amount of the legal deposit made to the bank and the right of the depositor (certificate holder) to receive, after the expiration of the established period, the amount of the deposit and the interest specified in the certificate at the bank that issued the […]

What Is a Health Savings Account (HSA)?

HSA (health savings account) can be used as an additional tool for saving money. In some cases, the HSA qualifies for a substantial reimbursement of medical expenses. Holders of such accounts get several benefits at once: contributions to this account are tax-free, and you can use them at any time to pay medical costs. Individuals […]

Cheap Ways to Exchange Currency

What is currency? The currency in the USA is the American dollar. It is one of the main reserve currencies in the world. One dollar equals 100 cents. Until August 15, 1971, all US dollars were gold-backed. The right to issue dollars belongs to the Federal Reserve System, which in the States performs the functions […]

States and Cities with Worst Drivers

Are you going on a trip with your own car for the holidays? Then you just need to know about states with the worst drivers – those where you should be especially careful because the local drivers do not really respect the rules of the road. Top states in the US with the worst drivers […]

Staff – Linda Fox

Linda Fox Grad/additional: New York University Affiliations: Certified Trust and Financial Advisor; Accredited Fiduciary; Investment Manager. Started at MB: 2005 Years in VT: Since 1998 Years in Banking/Finance: Since 1990 Years in Investment Management: 1994 Native of: Colorado