What is a Target Date Index Fund and Why Should You Have One?
One Investment For Life?
I was very intrigued when I heard "Retired at 36" Jeremy Schneider tell So Money's Farnoosh Torabi that he believes we literally could have essentially one investment. One. For life.
Take a listen:
Torabi: "Is it to assume that all we need is one Target Date Index Fund? You know, this idea that you need this like, multi-faceted portfolio. What's your? Where do you stand on that? Could we just do this and ride it out?"
Schneider has long been a fan of simple investing, telling NextAdvisor,
if he could start over, he would "put everything into a Target Date Index Fund."
“The target date index fund is actually, truly the most optimal, simple, low-cost investment strategy,” Schneider tells NextAdvisor.
Schneider says he mitigates his long-term risk, which many investors want to do, by choosing target-date index funds, which are routinely managed to steadily reduce risk as you near retirement.
What is a Target Date Index Fund?
We have discussed the best mutual funds and good mutual funds for beginners.
So what is a target date index fund and why does Schneider literally think you could put all of your money in this and let it ride?
FINRA defines a Target Date Fund as:
"Target-date funds are designed to help manage investment risk. You pick a fund with a target year that is closest to the year you anticipate retiring, say a "2050 Fund." The closer a fund gets to its target date, the more it focuses on assets that traditionally have a lower risk profile, such as fixed income, cash and cash equivalents. This shift across asset classes is called a “glide path.” A fund’s glide path is designed to reduce investment risk over time—but glide paths can vary considerably from fund to fund."
If you have heard personal finance advice about a diversified portfolio, well, essentially you are getting one with this easing of a mix of higher risk assets into a lower risk profile.
Target date funds are typically structured as a mutual fund. Most target date funds are actually a "fund of funds." They are really investing in other mutual funds, not individual securities. You are getting a great mix of stocks with this type of product.
Schneider told Torabi on "So Money" that he would actually choose the target date as the date you anticipate dying, not the date you anticipate retiring.
A target date index fund is a type of mutual fund that becomes more conservative as it approaches its target date. This type of fund is perfect for investors who want to achieve a balance between growth and stability.
Why a Target Date Index Fund?
Target date index funds are a great way to invest for both growth and stability.
The average target date index fund has a return of about 7-8% per year.
Schneider says he doubled his money in seven years. Not bad for set it and forget it, right?
Target date index funds are perfect for investors who want to achieve a balance between growth and stability.
These types of funds are becoming more popular among beginner investors because they offer a simple and convenient way to invest for the long term.
While target date index funds do have fees associated with them, these fees are typically lower than those of actively-managed mutual funds.
Target date funds charge expense ratios that can be as high as 1%. Some target-date funds investing in only low-cost Exchange Traded Funds, or ETF and have expense ratios as low as 0.1%.
There are many different target date index funds available, so it is important to choose one that aligns with your investment goals.
How Do You Get a Target Date Index Fund?
So you want to start investing in a target date index fund.
Many brokerages offer this product.
Here are a few target date index funds that may be right for you.
Fidelity Freedom Index 2060 Fund (FDKLX)
This fund allocates 90% to equities and 10% to fixed income.
Forbes reports the current allocation of this fund is 50% stocks and 505 fixed income. There is a 5-year trailing return (What even is that?) of 5.16%. Trailing returns measure how well a fund performs over a specific time period. The expense ratio is 0.12%. Passively managed and actively managed.
Vanguard Target Retirement 2060 Fund (VTTSX)
This fund allocates 90% to equities and 10% to fixed income. It has diversity at a low cost with just a 0.08% expense ratio and a 5-year-trailing return of 5.12%.
JPMorgan SmartRetirement Income Fund (JSRAX)
The 5-year is 10.24% and the expense ratio is 0.34%. This fund invests in a combination of equity, fixed income, and short-term mutual funds.
T. Rowe Price Retirement 2060 Fund (TRRLX)
This fund has an expense ratio of .64% and a 5-year trailing return of 5.36%. Although fees are higher, it has 6.78% 5 year performance.
Whether you are investing in individual stocks and bonds, saving for retirement, or buying a sandwich, remember: It's YOUR money and YOUR life.
Ask questions. A lot of them. If you find you are not getting your questions answered or someone seems uninterested in answering them, go somewhere else or speak to someone else.
Personal Finance Influencers You Should Follow
When it comes to personal finance, there's no shortage of advice out there. But who should you trust when it comes to money matters?
You may be looking for a personal finance influencer to encourage you to keep financial goals, get debt free, start investing, building wealth or generate new passive income business ideas and build wealth.
Here are top personal finance influencers who will help you with saving money and getting your finances in order.
Here She Is...Top Personal Finance Influencers to Follow
Jannese Torres, Yo Quiero Dinero
Jannese tells it like it is. Unlike personal finance influencers who flash dollar signs touting their monthly income they seem to have made in very little time, Jannese is detailed about her journey to seven figure media mogul.
She started a Latin recipes food blog, D'lish Delights, which eventually allowed her to quit her corporate job.
Jannese is transparent about the struggles she faced; going through a divorce, and the fact that she took an entire year off in 2017 and, that's OK.
If you come back, you didn't quit.
Jannese is like the woman behind the curtain who shows you how it really is, including the failures and mistakes, but overall leaves you feeling like you too can achieve financial independence.
It's not going to be easy, but it's going to be worth it and possible.
She gives you the details of how she structures her work week and is not only unapologetic, but encourages, self care.
Investing is personal. Jannese is not a fan of real estate investing, sharing on her Yo Quiero Dinero Podcast that she tried real estate investing, but it was not for her.
If you want real life, honest personal finance advice, Jannese is your girl.
Ellie Diop, Ellie Talks Money
This girl is truly amazing. Divorced and with infants, she started her business in her mom's house with a stimulus check.
Her niche really seems to be in business credit. She highlights resources such as grants and loans that can help you get your business going, and eventually achieve financial freedom.
She highlights a variety of passive income options, such as Airbnb, YouTube channels, and other ideas.
She even teaches you how you can start setting up your kids for financial success.
It feels like she is your number one fan and cheerleader, repeatedly telling you to go out and get that bag that you deserve.
Farnoosh Torabi, So Money
Farnoosh Torabi says she believes money is a deeply layered issue.
There are psychological, mental, and emotional barriers that prevent us from taking action around money.
Her "So Money" podcast is filled with value. Farnoosh and guests discuss financial topics and she makes them relatable, and sometimes, comical.
Farnoosh also addresses family dynamics and financial issues, such as her book, When She Makes More, detailing the complicated financial dynamic in a household where she makes more.
Tiffany Aliche, Budgetnista
Tiffany Aliche has helped over two million women worldwide save more than $350 million and pay over $200 million in debt.
She is a New York Times best selling author of the book Get Smart With Money.
She has broken down barriers, including as the first solo Black woman to appear on the cover of Money Magazine.
Tori Dunlap, Her First 100k
Tori Dunlap of Her First 100k is "fighting the patriarchy by making you rich."
After successfully saving $100,000 at age 15, Tori Dunlap achieved financial independence and quit her corporate job.
Dunlap encourages your financial literacy and fights financial inequality by giving you actionable resources so you can negotiate salary, pay off debt, build savings, and invest.
Her book, Financial Feminist encourages you to "Smash the patriarchy. Get rich."
Tori Dunlap is the financial friend you want who will fight for your rights.
What IRA is Right For Me?
What IRA is right for me? You are asking this question, so congratulations, you have already started your journey to saving.
First and foremost, give yourself some credit for even being here reading this.
There are a few different types of IRAs, which we went over in this post.
Now, we're going to get more into details about IRAs.
Why an IRA?
First of all, why an IRA?
As CNN Money explains, an IRA is a good deal because the money in the plan "grows free from the clutches of Uncle Sam." Income from interest, dividends, and capital gains can compound each year "without taxes nipping away at it."
You can also escape taxes on either the money you put in or the money you withdraw in retirement (more on that later).
So, the basic answer is, of all the investment options out there, IRAs offer a way to grow your money tax free.
Fun fact: IRA stands for Individual Retirement Arrangement, but many refer to the A as "account."
What About a 401(k)?
First and foremost, when saving for retirement, you should check out whether or not your employer offers a 401(k). This can give you potential options like matching (your employer "matching" your contributions).
You'll probably want to sign up for your employer's 401(k) first.
If your employer doesn't offer a 401(k) or you are a freelancer or self-employed, or simply just want an additional investment account, we need to discuss IRAs.
Traditional IRAA traditional IRA is the most popular.
You'll get a tax break of $6000 in 2022 and $6500 in 2023.
If money remains in the protection of the account, investment earnings are not taxed.
Withdrawals in retirement are taxed at your tax rate at that time.
The traditional IRA works if you are in a higher tax bracket.
Pay now, save later, is kind of the concept of the Roth IRA.
There is no up front tax break, but withdrawals in retirement are tax free.
Roth IRA contributions can be $6000 annually. If you're over 50, Roth IRA contributions can be $7000.
You qualify for the Roth if you fall into a certain lower tax bracket now, but think you may be in a higher tax bracket when you retire. If you make $144,000 a year or $214,000 as married joint filers.
If you make more, there is a totally legal way to open a Roth IRA. It is called a Backdoor Roth IRA.
Other Types of IRAs
Traditional and Roth IRAs are the most popular, but there are other types of IRAs that may work for you.
This is a Simplified Employee Pension.
This is like Traditional IRAs, but it is funded by employers for an employee.
You can contribute $61,000 in 2022 or $66,000 in 2023, or up to 25% of employee compensation, whatever is less.
The SEP IRA could work if you are a sole proprietor. You can open up a SEP for yourself.
Nondeductible IRAIf you don't qualify to contribute to a Roth IRA or deductible IRA, a nondeductible IRA may be for you.
Also, if your spouse has a retirement plan at work and you are above the income limits, you can contribute to an IRA with the nondeductible.
You'll get the tax advantage of deferred growth on account earnings.
When you retire and file your tax return, you'll pay on any withdrawn earnings growth, but not the principal.
If you work and your spouse doesn't, or the reverse, this may be for you.
A spousal IRA needs to be opened in the name and social security number of the non-working spouse.
The contribution limits are $6000, $7000 if 50 or older.
The working spouse can also contribute to the Traditional or Roth IRA.
SIMPLE IRA stands for Savings Incentive Match Plan For Employees.
This is kind of like a 401(k) for smaller companies.
Employees can use salary deferral to contribute. The contribution limit is $14,000 in 2022 and $15,500 in 2023.
This is a bit more advanced IRA, in that using a self-directed IRA allows one to invest in real estate, privately held companies, and a variety of other nontraditional businesses.
This type of IRA requires a trustee or custodian.
That was a lot of information.
The most important thing is that you save for retirement and invest for your future.
Start with your employer tell them you want to know about 401(k) options and what other investment resources are available to employees.
If you are self-employed or your employer just doesn't offer a 401(k), make an appointment at whatever brokerage you choose, ask a lot of questions, and then go back and ask more.
It's your retirement account and your retirement savings.
It's your money and your future.
Banks: The Best Brick and Mortar Checking Accounts
You probably do most of your banking with a banking app or online.
Occasionally, there comes a time when you need to set foot in a brick and mortar bank. Once in a while, you just need to speak to a banker face to face.
Well, we took a look at brick and mortar banks and considered things like availability, lobby hours, if they have a monthly maintenance fee, overdraft fees, monthly service fees, ATM fees, and general vibe of the bank lobby.
We've done the research and compiled a list of the top brick and mortar checking accounts available. Some of these accounts offer great features and benefits, such as free checking, no monthly fees, and more.
We also checked out these bank lobbies to see what the general feel is and if they made going to the bank feel like a chore, or more of a pleasant experience.
What Are the Best Brick and Mortar Banks?
What are the best brick and mortar checking accounts and at which banks? This is a question we get asked a lot, and it's one that we're happy to answer.
These accounts offer great features and benefits, such as free checking, no monthly fees, and more. If you're looking for a checking account that's convenient and easy to use, be sure to check out our list.
When going into a brick and mortar bank, you'll want an experience that is easy. When it comes to your financial health, you need your mental space and focus for investing. not dealing with hassles at the bank.
Here are the top four brick and mortar banks at which to have checking accounts:
There are what seem to be TD banks on almost every corner.
We like brick and mortar TD bank for its extended hours of availability.
TD is one of the best national banks because many have lobby hours from 8 AM to 6 PM on weekdays. On weekends, many branches of this bank are open Saturday 9:30 to 1:00 PM and Sunday 11-2. This is great for the many of us whose typical banking hours are filled up with work, kids, and other life responsibilities.
TD bank has a user friendly intuitive mobile app.
We don't love the monthly maintenance fees charged to some accounts if you don't meet their minimums.
There is also no option for sending domestic wires online. You have to go in person. However, if sending wires is not something you are doing often, then you won't really mind this.
TD banks in general have a welcoming vibe. We found the employees to be cheerful and easy to work with. They asked how our day was going, remembered us from prior interactions, and seemed to be fairly happy to be there.
The TD bank branches we visited tend to get a little busy on Fridays, but that goes for many banks. If you have to go in person, going on a Tuesday or Wednesday is ideal.
Sometimes they have random gifts in the lobby, like dog bandanas and lollipops. It makes going to the bank feel less like a chore when you leave with a treat and a little something for your furry best friend.
Chase Bank: Chase offers free checking and savings accounts with no monthly maintenance fee or minimum balance requirements. They also offer a mobile app that allows you to deposit checks and track your account balance.
There are 4,700 branches and 16,000 ATMs.
Chase Bank has a good basic checking account, but sometimes the fees are hard to avoid. Also, if you use a non-Chase ATM, there is a $3 fee.
They are all business here at Chase Bank. The employees are extremely professional, but friendly. Chase Bank gets the job done, but going here ultimately feels like an errand. It's not warm and fuzzy, but they do what needs to get done.
Bank of America
Bank of America: Bank of America offers free checking and savings accounts with no monthly fees or minimum balance requirements. Bank of America also offers a mobile app that allows you to deposit checks and track your account balance.
In the United States, Bank of America has 3,900 retail financial centers and 16,000 ATMs. So, it's safe to say there is probably a Bank of America convenient to you.
Some cons with Bank of America: the overdraft fees. The overdraft fee of $35 can be charged up to four times daily. NerdWallet only gives Bank of America a 3.5 out of 5 rating, due to low transfer limits and low rates on certificates of deposit and savings accounts.
We didn't love the vibe at Bank of America. It is very corporate and stuffy. It wasn't a bad experience, but we didn't see a lot of effort to make the place feel like less of a chore. Yeah, no dog bandanas here. That being said, Bank of America gets done what it needs to get done and you can check this errand off your list.
Wells Fargo: Wells Fargo offers free checking and savings accounts with no monthly fees or minimum balance requirements. They also offer a mobile app that allows you to deposit checks and track your account balance.
Wells Fargo has 4700 branches and 12,000 free ATMs.
If you are in the Northeast United States, there aren't many branches there. Maine, Vermont, Massachusetts, and New Hampshire do not have brick and mortar locations.
$35 overdraft fees can be charged up to three times per day.
As far as the in-person, brick and mortar experience, Wells Fargo is a bit less corporate feeling than Bank of America or Chase. The employees we interacted with were generally friendly and seemed happy to help us.
Wells Fargo is not as "fun" as the TD Bank branches we visited, but it's definitely a lighter feel.
You can't go wrong with any of these four brick and mortar banks.
They all offer great features and benefits.
Ultimately, you'll want to make in-person banking at a brick and mortar location easy for you.
Choose a bank that is not out of your way and works for your needs. When opening a new account, there are often promos and cash rewards that apply when you open a new account. Besides a basic checking account, what else will you need from your bank? Check out investment and credit card programs if those apply to you.
10 Investments You Can Make For $20 a Month
You may want to invest, but investing may seem like something that is above your intelligence or income range. You may think it's something for people who are "in the know" and not you. You may even think you can't afford to invest.
Maybe you have some idea that you want to invest in stocks or just open a brokerage account, but you feel like you have no investing strategy, don't even know investing basics and definitely do not have enough money to even start.
You do have enough money to start. You can open an online brokerage account with literally nothing, and start making deposits as you can.
What Can I Do With $20 a Month?
If you're looking for ways to invest your money but you don't have a lot of cash to spare, you're in luck. There are a number of investment options available to you that require just $20 per month.
Step By Step Investing
We will walk you through step by step investing with 10 different investments that you can make with just $20 per month. Some of these investments may be familiar to you, while others may be new. But all of them have the potential to grow your wealth over time!
Here are ten investments you can make for $20 a month:
#1 Index Funds
What are Index Funds?
Index funds are a type of mutual fund that tracks a specific market index, such as the S&P 500. Index funds give you instant diversification because they own a piece of every company in the S&P 500.
Index funds are a great investment for beginner investors because they are low-cost and easy to understand. And since they track an index, there is no need to constantly monitor your investment or make active trades.
With index funds, you can get exposure to a broad swath of the stock market with just one investment. And because they're passively managed (meaning they don't require a lot in terms of fees) index funds are some of the most affordable investment options available.
Index funds are a great way to get started in investing because they're simple. If you're looking for an easy way to invest your $20, Index funds are a popular choice for investors because they offer diversification and low fees.
Index funds are a way to invest in the stock market in a very diversified way. If you invest in stocks, you are buying a piece of a company that will be worth more or less in the future. When you buy an index fund, you are buying a tiny piece of every company in the index.
For example, the Vanguard S&P 500 Index Fund ("VFINX") tracks the S&P 500 stock market index. This means that it owns a tiny piece of every company in the S&P 500 index.
The Vanguard S&P 500 Index Fund has an expense ratio of 0.14%, which means that for every $100 you invest, you will pay $0.14 in fees.
This is a very low fee, and it is one of the reasons that index funds are a popular choice for investors.
You can start investing in index funds with as little as $20 per month.
Many brokerages offer index mutual funds with no minimum investment required. For example, Fidelity Investments offers the Fidelity ZERO Large Cap Index Fund (FNILX), which has an expense ratio of 0.
This means that you will pay $0 in fees for every $100 you invest.
#2 Target-Date Mutual Funds
What Are Target-Date Mutual Funds?
A target-date mutual fund is a type of mutual fund that automatically rebalances itself and becomes more conservative as the target date approaches.
Target-date mutual funds are a popular choice for retirement investing because they are easy to set and forget.
For example, the Vanguard Target Retirement 2025 Fund (VTRUX) is a target-date mutual fund with a target date of 2025. This means that it is designed for investors who plan to retire around the year 2025.
The Vanguard Target Retirement 2025 Fund has an expense ratio of 0. 15%.
You can start investing in target-date mutual funds with as little as $20 per month. Many brokerages offer target-date mutual funds with no minimum investment required.
What Are ETFs?
ETFs are similar to index funds in that they track a specific market index. However, ETFs are traded on stock exchanges, like individual stocks. This means that you can buy and sell ETFs throughout the day.
ETFs are a popular choice for investors because they offer the ability to trade throughout the day and they are very low-cost.
You can start investing in ETFs with as little as $20 per month. Many brokerages offer ETFs with no minimum investment required.
For example, Vanguard offers the Vanguard S&P 500 ETF (VOO), which has an expense ratio of 0.03%. This means that you will pay $0.03 in fees for every $100 you invest.
What Is A Robo-Advisor?
A robo-advisor is a type of online financial advisor that uses algorithms to provide investment recommendations. Robo-advisors are a popular choice for investors because they offer diversification and low fees.
For example, the robo-advisor Betterment has an annual fee of 0.25% on balances up to $100,000. This means that you will pay $25 in fees for every $100,000 you invest.
You can start investing with a robo-advisor with as little as $20 per month.
#5 Individual Stocks
What Are Individual Stocks?
Another option for investing your $20 is to buy individual stocks. This can be a more risky investment than some of the other options on this list, but it also has the potential to offer higher returns.
You can start investing in individual stocks with as little as $20 per month. Many brokerages offer fractional shares, which allow you to buy a portion of a share of stock.
This means that you can invest in even the most expensive stocks for just $20 per month.
What Are Bonds?
Bonds are a type of investment that pays periodic interest payments. Bonds are a popular choice for investors because they offer diversification and stability.
For example, let's say you buy a bond for $100 that pays an annual interest rate of five percent. This means that you will receive $5 in interest payments each year.
Bonds can be a more conservative investment than some of the other options on this list, but they also have the potential to offer higher returns.
You can start investing in bonds with as little as $20 per month. Many brokerages offer bond mutual funds and ETFs with no minimum investment required.
#7 Real Estate Investment Trusts (REITs)
What Are REITs?
A real estate investment trust (REIT) is a type of investment that owns and operates income-producing real estate.
REITs are a popular choice for investors because they offer diversification, monthly dividends, and the potential for high returns.
For example, the Vanguard Real Estate ETF (VNQ) is an ETF that invests in REITs. The Vanguard Real Estate ETF has an expense ratio of 0.12% and a dividend yield of four percent.
You can start investing in REITs with as little as $20 per month. Many brokerages offer REIT mutual funds and ETFs with no minimum investment required.
#8 Peer-to-Peer Lending
What is Peer-to-Peer Lending?
Peer-to-peer lending is a type of investment that allows you to lend money to businesses and individuals.
Peer-to-peer lending is a popular choice for investors because it offers the potential for high returns. For example, let's say you invest $20 in a peer-to-peer loan with an annual interest rate of 20 percent.
If the borrower repays the loan, then you will receive $24 in interest payments. That's a return of 20 percent on your investment.
You can start investing in peer-to-peer loans with as little as $20 per month.
What is Crowdfunding?
Crowdfunding is a type of investment that allows you to invest in startups and other businesses.
Crowdfunding is a popular choice for investors because it offers the potential for high returns.
For example, let's say you invest $20 in a crowdfunding campaign with a 20 percent return.
If the business is successful, then you will receive $24 in return on your investment.
You can start investing in crowdfunding campaigns with as little as $20 per month.
#10 Micro-Investing Apps
What Are Micro-Investing Apps?
Micro-investing apps are a type of investment that allows you to invest small amounts of money in a variety of investments.
Micro-investing apps are a popular choice for investors because they offer the potential for high returns and the ability to invest small amounts of money.
For example, let's say you invest $20 in a micro-investing app with an annual return of 20 percent.
If the app is successful, then you will receive $24 in return on your investment.
You can start investing in micro-investing apps with as little as $20 per month.
So Now What?
There are a number of different investments you can make for just $20 per month.
The key is to find an investment that fits your risk tolerance and investment goals.
There are many ways to find that $20 a month; skip the Uber and walk, cook instead of getting takeout one night of the month, or use a tax refund or surprise gift.
The best gift to yourself is saving for your future.
Trust me, the you in ten years is going to thank you!
Perhaps you are one of many same sex couples wanting to buy a house. Maybe you're transitioning and about to get married.
Planning for your financial future, whether creating a budget, retirement planning, researching investments, estate planning, or even just asking for advice are important steps for any individual or family.
Although milestones have been achieved towards marriage equality, LGBTQ+ rights, and equality for same sex couples, there is still quite a road ahead in terms LGBTQ+ community access to mainstream financial planning.
The Obergefell decision on June 26, 2015 overturned Baker and requires all states to issue marriage licenses to same-sex couples and recognize same-sex marriages performed in other jurisdictions.
The landmark civil rights case gave same-sex couple the right to marry nationwide.
Obergefell granted access for the LGBTQ+ community to more than 1,100 federal benefits; things like spousal protections in the event of death, filing joint tax returns and putting spouses on health insurance on a pre-tax basis.
However, many complications persist in relation to these issues and LGBTQ+ financial planning for those who...
There are so many different credit cards on the market, and it can be difficult to determine which one is right for you.
However, as women we absolutely should not be afraid when it comes to getting a credit card and using it responsibly.
In fact, new research shows, we make better decisions with our credit cards than men. A recent Lantern by Sofi study showed sixty-five percent of women named credit building as their top reason to apply for a new credit card, compared to 51% of men.
Experian data also shows men and women's credit scores, on average, are about the same. This despite having a gender wage gap of 83 cents for full-time, year-round workers!
Which Card is Best For You?
So which credit card is best for you?
Can You Work From Anywhere? Perhaps This is An Opportunity to Lower Your Tax Burden
Working from home has become the norm for so many careers now. For many people, that means, literally "work from anywhere."
Are you considering a move to a state where you can also lighten your tax burden? Moving to a state where you can enjoy a better quality of life and hold on to more of your personal income may be on your radar.
Relocating could improve your lifestyle, and your personal finances.
Here are the U.S. states with no state income tax.
Women Educating Women
When it comes to the best personal finance books, there are a lot of different opinions out there.
Don't you wish you had a best friend who was a money expert and would tell it like it is when it comes to things like personal finance, financial independence, building wealth, budgeting, how to save, and building your credit?
You probably want the friend who is kind, but doesn't sugar coat things. You know, the one who won't let you leave the house in an ill-fitting dress and fixes your lipstick before a group photo?
The 10 Best Banks to Open an Account: Why They Are the Best
So you want to know which is the best bank to open an account.
Whether you are opening a checking account or savings account, money market account, or other account, we know you want to choose the best bank for you.
First of all, let's get in the right mindset. The bank is not doing you a favor by "allowing" you to open an account with them.
Banks make money by...