Articles posted under Save

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Divorce and Retirement Savings

In addition to the emotional strain and hardship of divorce, the end of a marriage also often results in major financial changes. Dividing Retirement Assets Often, substantial amounts of marital assets are tied up in pensions or other retirement funds. If you and your spouse have your own employer-sponsored plans, you may each elect to keep your own. But if … Continue reading

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When Should I Open a Savings Account?

Financial institutions offer a variety of deposit products, one of which is the savings account. Unlike most checking options, savings accounts have a limit of six withdrawals per statement cycle as mandated by federal regulations. This means that you have to be careful when managing your transfers, or you could end up with fees or even have the account converted … Continue reading