How do I verbs my 401(k) funds to a Retirement fund contained by Colombia?
Question:
are there any taxes implication? It's a good or a bleak idea?
Answer:
401 (k) money... To Columbia? I assume the word "Mule" is the one you're looking for. Good luck on your retirement, Mr. Tony Montana... Wink-Wink
screw the retirement fund, go hook up next to the cartel and make somme solid money son
Credit, Mortgages and Interest Rates?
Question:
I have really fruitless credit (under 500 I think, end in I have give or take a few $1,700 on all my credit reports.) Can I still bring back a mortgage loan from just nearly anyone as long as I can pay 30% down? What roughly speaking 20% down? What would my interest rate be?
I asked this somewhere else, but I didn't get a straight answer. So, here is more details. The $1,700 on my credit report is not credit card debt. Things approaching medical bills, some bad checks, library and matured cable and gas bills. So, it's not like I can purely get a credit card and start making payments. When I move, I am not moving from a house to an apartment and next back to another house. Just to skulk for my credit score to receive better. I'll refinance later when my credit is better.
Based on the reality that I am going to do this no matter what I newly want to know what my interest rate would be.
Answer:
If you've always be on time beside your current mortgage...and you can find a bank that does instruction manual underwriting instead of pure FICO lend (Dave Ramsey always shills on this for Churchhill Mortgage - http://www.churchhillmortgage.com/)... , and you can squeeze 30% on the tentative house from the old house...Then you might hold a shot at a reasonable interest rate.
A almanac underwriter may advise you to put 20% or 25% down and lug the rest to clean up the $1700. They may also insist on you to get a loan from a home member or against a coup¨¦ or something to clean that $1700 up since they'll issue you the loan. But get the conversation started beside a lender that you like.
$10K within debt and don't know how to capture out, please assist?
Question:
HELP!! SF, 38, no kids, $10,000 in debt, aft even on minimum payments. I need somebody to lend a hand me make a plan to find out of debt in a convincing way? I am not asking for the money only just some free financial planning/debt counseling help. Anyone inclined to help me?
Answer:
OK first speak to adjectives your debtors. Explain to them what's going on and ask if you can come to some arrangement to reduce your repayments or the even of your debt. Most companies are quite amenable as they would fairly have some of it rewarded willingly than own a bad debt on in attendance hands.
Don't be tempt by a consolidation loan unless you have unquestionably no choice, in the long permanent status this increases your debt. You may be offered lower monthly repayments but it will nearly always be over a longer term.
Then work out a realistic budget, look at ways you can trim your spending. Once when we be really strapped for cash I started a spending diary, every penny and I stingy every penny we spent was written down. You'd be surprised at where on earth you might find opportunities to use up spending. Accept that for a while you may have to stop doing some of the things you savour like socialising. Trim your spending to the proper essentials only but remember that it is merely temporary. Any spare bread should be used to reducing your debt. I found the spending diary a useful to to create a convincing monthly budget and it enable me to preserve a much better control on our spending.
You could also consider whether taking a second job for a short while is an likelihood for you. Obviously it isn't possible for everybody but it could help.
Set yourself a purpose by which you want to be debt free and that will help hang on to you focus so that you don't feel you are human being lost in a ocean of debt with no hope of getting out.
Good luck.
Get a position and stop spending money on frivolous things. Save your money!
My first suggestion would be to get a budget and live by it. Period. No exceptions. Make sure you know where on earth every penny is going.
Then you need to collect up $1000 in the sandbank for emergencies. Pay your minimum balance and save every penny extra to capture that $1000 in the sandbank. This is for things like sports car repair, fridge went out, radiator broke, emergencies solely! Not a new purse or $200 duo of jeans. You may need to lift a 2nd job within order to do this. You will only just have to suck it up and do it if you really want to take out of debt. You can also consider selling things to help.
After you bring the $1000 in the ridge, your best bet is to cut back on your lifestyle, devour rice and beans, beans and rice everyday. Every penny that was going to the $1000 in a minute goes to the debt. And roll your debts smallest to largest, pay past its sell-by date the smallest one first (while paying the minimuns on all the others) and consequently move on to the subsequent. You are going to have to sacrifice for a while, but if you do, within is no reason why you couldnt retribution off 10K within one year.
Check out Dave Ramsey's website, he shows you step by step how to get out of debt, and stay out of debt. And in attendance are stories there of nation who have be in your situation and how they get out of it.
The main piece here is that to get out of debt and stay out of debt is going to require a coppers in mind set. You cant save living the way you hold been and win at this. You enjoy to change your mind set. Its possible, thousands of nation have done it until that time, and you can be one of them. Listen to Dave's radio show, you can listen on-line at the website, it will encourage you to know that you are not the singular person out nearby in your situation, and he will bearing you step by step to get out of this mess.
Good Luck!
check out this site, it let's you shop for different debt obliteration offers and select one that suits you clearly!
Send me an e mail, and i will dispense you the 800 number of a credit Counciloring Company, they can help and place you on a budget. you can phone up them Monday.
Sell your car.
Is nearby anything I can do?
Question:
I am an 18 year old single masculine who plans to become a pastor. Because I am going to be a pastor, I will not make that much money and I'm wondering if within are any money saving tips or deal or anything at all that I can start very soon so that I will not be... as broke... when I'm older. I want to do everything I can immediately to provide for my future house and be able to organize the type of lifestyle I want to. Thanks and God Bless!
Answer:
Start early. The sooner you start abiding, the more time your money has to grow. Put time on your side. Make retirement reserves a high priority. Devise a plan, stick to it, and set goal for yourself. Remember, it's never too early or too delayed to start saving. So start very soon, whatever your age!
There are several different ways that you can save for retirement. There’s other the old-fashioned course of hiding money in your mattress, but nearby are probably some better ways to save for retirement that will also reclaim you on your income taxes as well.
The best and most convenient track for individuals to save for retirement is usually to involve yourself in in a retirement plan sponsored by their employer. If your employer does not own a retirement plan, or if you want to save some money for retirement surrounded by addition to what is surrounded by your employer’s plan, following are some of your options:
IRA (Individual Retirement Account)– This is the most typical method to save for retirement, and probably the easiest. Most bank or investment brokerages will allow you to open an IRA statement, where you consequently decide where on earth the money will be invested.
Traditional IRA – Contributions are deductible from your taxable income and are limited to $3,000. You will be tax on the money when you withdraw it.
Roth IRA – Contributions are also controlled to $3,000. The contributions are not deductible but the earnings still grow tax-free. Because here is no deduction for your contributions, when you repeal your contributions, they will not be taxed.
Keogh – This is a retirement rationalization for self-employed individuals. You can choose to setup any of the plans that are available for businesses to setup.
Good luck to you!
You would have to work out a church next to other pastors. That's what pastor do. They must get some type of an income by doing that. God bless you too.
If you are going to become a pastor, then you know that you don't hold to worry almost money saving tips as God will provide for adjectives your needs and He will also provide you beside your future family connections. God Bless You!!
Save as much as you can now and permit it grow for retirement.
Take some time learning economics, budgeting and managing money.
The best point you can do is use a budget. You can plan your spending and saving more smoothly using one.
I have one I've created within Excel. If you'd like a copy, a moment ago email me. I'm more than happy to share it next to you.
And congrats on listening to your calling!
Can i claim a check wich have misspelled my autograph?
Question:
One person have sent me a cashier's check (Rocky mountain credit union 8645 hufline lane- Bozeman, MT 59718). But he have misspelled my name on it. Coz of my responsibility. So question is can i claim that check. The given name on that check is not my name.
Answer:
Yes, usually. Check near your bank first. Some bank want you to sign the back of the check the wrong path, then the right means of access. For example, if your name is Jan Doe and the check is written to Jane Doe, you would sign Jane Doe first, followed by Jan Doe.
Check fraud carry civil and possibly criminal penalties.
Contact the sender and find out what they have need of to do in charge to re-issue you a check to the correctly spelled name. You may want to return the cashier's check so they can get it voided and re-issued.
I believe so, some bank are more lax on this than others. If it is a problem have him distribute you another check. (Just call the bank)
NO
feedback on ebay i dont bring back this how do i grasp around this problem?
Question:
i sell stuff on ebay and point is i shop and put on the market to get feedback this one dude wont reply or return the feedback what should i do ?
Answer:
You should shop and flog on ebay for the merchandise, not the feedback. That being said, some folks will never leave feedback, and as previously said, if you verbs to pester him he will leave denial. I know I will not leave feedback on seller that refuse to go off feedback until I do. When I sell, I start out feedback on how they paid (fast, slow, whatever) as soon as I capture the payment. I am confident surrounded by the fact that I am not misrepresenting what I flog so I do not expect negative and never received it. I do not similar to when sellers report you that If you do leave gloomy they will do the same. Makes me suppose their product isn't up to standard and I do not buy from them.
Just keep selling, be honest and your feedback will grow.
Forget it and verbs. 10-20% of the people will never set out feedback.
Michael
Get over it, not everyone leaves feedback. If you pester him for feedback he may leave you negitive feedback basically because you kept pestering him. So just verbs and forget about this one guy.
Is it better to use a credit card or a debit card to increase your credit win?
Question:
I have no credit card debt. I retribution them off every month. I wonder if it is better to use my debit card or credit card to increase my credit evaluation.
Answer:
When establishing credit you want to use your credit cards, but keep your balance at less than 50% of your credit queue.
your debit card does not affect your score as it comes from your bank money and not borrowed money. a credit card is a line of credit and when you repay it improve your good standing which is rate,giving you a credit score.
debit card doesnt effect your fico rack up. it's also not good to take-home pay off your debt every month. if you never own a balance on your credit report after you arent deemed to be worthy of a sizeable credit line because you own only shown the fitness to pay what you charge respectively month.
IT'S BETTER TO USE YOU CREDIT CARD TO GET A BETTER SCORE DO THAT FOR 3 MONTHS AND MAKE 3 MONTHS OF PAYMENTS DON'T BE LATE THE PURCHASES DON'T HAVE TO BE LARGE KEEP IT SIMPLE PAY THE CARD OFF BEFORE THE MONTH IS OVER SO THE CC DOESN'T IF YOU DO ACCRUE INTEREST ON YOUR CARD THEN YOU CC WILL START TO LOOK GOOD NEVER CANCEL A CARD OR MISS A PAYMENT IT WILL TAKE 2 YRS OR MORE TO STRAIGHTEN OUT YOUR CREDIT IF YOU DON'T HAVE A GOOD STANDING (NAME) WHAT DO YOU HAVE
YOU have already answered the request for information. To affect your
credit score, do things near your credit. Regardless what you buy, whatever you owe surrounded by your statements each month,
breed the minimum payment ON TIME. NEVER tolerate one
payment slip.
DO NOT buy what you do not entail. DO not buy what you cannot afford.
DO not use more than 2 credit cards.
And 2 other things I learned the HARD WAY;
and the credit bureaus do not resembling me saying this;
a; regardless what your gain is today, for whatever function,
in 7 years, if you take home every payment model from
tomorrow on, your score will rise to 850 or as giant as
it can go--AUTOMATICALLY.
if YOU MISS one payment deadline, the consequences are
horrible and your win can drop 100 points!
if you have no liquidation, your score will rise to its maximum within 5 years.
What you are doing is ideal. BUT remember, the lenders
who will lend to you surrounded by the future also want to see how you
invest your change. YOU should buy some real estate and
invest surrounded by things that earn you safely, 15-50% annually.
The bank have an income -expenses ratio they use but
to be precise NOT related to your credit score.
Thanks for asking
Your debit card is lately linked to your checking tale and has no effect on your credit at adjectives.
I would tell you that you should verbs to not have any credit card debt. If you can run it, don't have any other type of debt any. Save your money and pay dosh. It's amazing what amount of "discount" you can get when you will wages cash.
If you verbs to a home mortgage, some lenders can use manual underwrite to qualify you if you don't have a "good" credit gain. They will look at your income versus debt and not simply your FICO score.
How to set up an Internet Bank Account?
Question:
My partner would like to set up an anonymous and immobilize Internet Bank account. He'd fairly not use PayPal. Any suggestions?
Answer:
http://wachovia.com
You can't have anonymous wall accounts, at least not contained by the U.S. The Patriot Act requires banks to know their customers.
Bank America have just announced they will give support to to undermine the Patriot Act..you're within Luck..they are about to agree to you open accounts WITHOUT a social deposit number and after 90 days they will also let you gain a credit card. You can cheat on taxes, send money to Iran to support the butchery of our troopsthat will teach the rest of us who are taxpayers.
Can anyone advocate a instrument of moving adjectives debts from credit cards to something else so that...?
Question:
...you are not consistantly paying back the interest.
Whether this give interest free or a lot lower rate.
I enjoy a colleague at work I'd like to assistance get put a bet on on the financial track. I'm thinking if she could move her debt to something that doesn't accumilate she could then verbs her cards and start clearing her debt properly.
Answer:
Check out Dave Ramsey at www.daveramsey.com. He can be very caring in getting someone posterior on the right track financially.
Get a loan, like from prosper.com
The solitary thing I can have an idea that of is a no interest loan from a family contributor.
I know someone who has be in that situation a couple of times the first time it happen she organised witht the banks to retract her cards and started a repayment plan the second time it happened she have to get a loan to consolidate her debt
I hope that have helped
ridiculous as it sounds it might be worth her applying for another card and transferring adjectives her debts on to that one (0% transfer) this allows her a limited time of year without interest to bring her out of the red , and besides one monthly clearance will definitely be easier to unite .
make sure though that adjectives the other cards are destroyed and she only ever uses anything amount the agreement on her new card demands to hold on to it active , otherwise she'll enjoy one company chasing her to court for the entire amount she owes at the first sign of trouble , it's a long haul but it works .
If she is a homeowner, she might be capable of qualify for home equity loan, and use proceeds to pay rotten all credit cards. The equity loan is typically a lower rate, and as a consolidated loan beside a long term may hold lower payments.
As you say the trick is not to run up the credit cards again. Destroying them is a godd start.
Get a loan to consolidate your debts. And hang on to away from those credit cards.
Pretty much anything that she could use to consolotate her debts would help- a single personal loan from a bank for example would enjoy lower interest, but if she's having financial problems, she may enjoy trouble getting a loan.
There are debt counselling/consolodation companies out there- many can negotiate beside credit cards to settle her debts for less than she owes and/or lower the interest provided she stops using them.
She may also be capable of speak with the credit card companies herself- they may agree to lower the interest if she agrees to settle the lot off surrounded by a certain number of payments (i.e. fairly than paying the minimum every month which can take 15 years to wage off, she pays x per month for the subsequent 6 months paying it off completely) if they know that she is have financial difficulties, but it's important that she know that she will have discouraging credit for some time and may not be able to take any credit for 5 years or so.
If you're in the UK, travel to moneysavingexpert.com. It's run by a genius call Martin Lewis and is full of useful proposal, not only from Martin himself, but from other citizens who have be through or are going through financial difficulties.
It's absolutely brilliant, and should be compulsory reading for everybody trying to get by!
A lot of places puff "debt consolidation" loans that are designed for the situation in which your friend finds herself. But these tend to be second mortgages, and that process she has to own property. If she does, next they can be a way to greatly eat up her payments, BUT (and it is a big but), she has to be without doubt sure she can handle the reduced payments, or she could lose her house within the process.
Most cities and counties have a voluntary credit counseling agency that can work beside lenders and borrowers to help individuals like your friend, and I strongly urge you to assistance her find the one in your nouns. (One place to ask are the companies to whom she owes the money, but they might well be surrounded by the phone book.) Make sure you go ONLY to a non-profit agency. The ones that charge a allowance, especially a fee up-front, are normally just frauds that will achieve her even deeper in debt. The non-profit agencies are any run by the government or by lenders' groups. They are interested within working out problem loans, and not in charging phony fees.
By the mode, your friend doesn't have to wage off her cards beforehand she rips them up. If she is a compulsive shopper, then getting rid of her cards very soon will keep her from totalling to her debt. She still has to sort the payments, of course, but getting rid of her cards (or I don`t know all but one of her cards) might be a honest first step. She should also consider trying to focus on one lender at a time. Pay special attention to paying down one card (maybe the one with the extreme interest), then the subsequent, and so on.
A credit counseling service can give her counsel on this and other strategies, and it can also work with the lenders, possibly getting them to spread out the payments to more tolerable levels, or even reducing the interest rates.
Your friend is lucky to own someone like you surrounded by her corner. The best way to give a hand her is to make sure she is getting honourable advice from a professional who is not basically a scam artist. Good luck!!
The best way is to bear out a personal loan at the lowest rate availlable to pay past its sell-by date the credit cards set up ddm to pay loan and cut up adjectives cards - this is debt consolidation
if you're in debt, i suggest you transport a look at this site. just steep out the form and take it from here.
Transfer her balances to a card near 0% interest on balance transfers and pay packet them off that process. That was one of the best things I ever did financially.
It depends on if your friend have learned her lesson on debt. If she consolidates and consequently opens more accounts and accumulate more debt she has not benefited at adjectives. It's a vicious cycle. I agree with the first response. Look up Dave Ramsey on stripe and listen to the radio show or pod cast. Great info to turn your debt around.
zopa?
interest free credit cards?
interest free overdraft buffers?
What would you do if you found $100.00 Dollars?
Question:
Know i'm talking around if you found it outside of your house or at the park or walking somewhere and no one be around and clearly you couldn't give it support to the owner, what would you do?
Answer:
FILL UP BY BOAT WITH GAS AND HIT THE OCEAN.
Put gas in my saloon, buy a pack of cigarettes and pick up happy meal for the kids :)
buy the book i need for my history class and imbue up my gas tank.
Go to walmart and buy some food and diapers.
Maybe a trial left-rear tire for the car.
Or a right-front tire for the van.
Or budge to the doctor.
Sux bein' poor.
$1,000.00 USD.
Bank bonds?
Question:
How old do you hold to be before you enjoy to buy a bank bond?
How much can you buy?
How much does it cost?
How long do you own to wait?
Answer:
I dream up you have to be 18 to buy a bond, otherwise you involve a custodian to purchase it jointly beside you.
As for how much and cost, it varies by bond type and time of purchase. Each is different, but it is laid out surrounded by the bond.
A bond is considered an investment over 10 years (otherwise it is a bill or note).
what is the best channel to expand the most out of your money??
Question:
i hav a sum of cash.. what is the best way(get the peak profit back) to expand it to get the more brass from it?
Answer:
Do you have any debts? If you do, pay cheque them off.. consequently you will have more money to invest beside down the road.
I agree with Jen G. Pay rotten as much debt as you can, if you have anything vanished over, put it in a appropriate growth stock mutual fund that earns 10-12% respectively year and leave it in that for the long haul. You can easliy form a large amount of money contained by mutual funds, but you have to be forgiving and wait for it to grow.
If you are discussion about a really voluminous amount like contained by the hundred thousands then buying a business and making it operate wonderfully would a hugely nice return on your money.
If you mean a couple thousand later hit the right stock in the stock bazaar and you could get 100 times that surrounded by a few months time. I did and I must admit its darn fun !!
If you are not a risk taker afterwards simply put in a large yield reserves account and stare at it grow slowly. About as much fun as watching paint dry.
I dont know how to catch the highest profit vertebrae but I do know that the Higher the Profit the Bigger the Risk.
You would be better to invest long term near a mid range profit.
his is especially the good place and totally stable and also..
you can be as one of a millionaire for 2007
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any problem can find me at below.
my email: ebert074@gmail.com
yahoo messenger id: ebert_074
How not dangerous is it to spend adjectives my money paying bad a house vigorously if I own no other bread reserves?
Question:
If I get into a bind during the permanent status of my mortgage what will protect me if I can't make my monthly payments? Should I spend the most minuscule amount of cash for amortgage and enjoy liquid side investments or pump adjectives my money into the house to try and pay it rotten quicker? And if I do pump all my money into the house is it really undamaging during the term of my mortgage surrounded by case something happen to me financially and physically?
Answer:
EEEEK! Don't do this! I can't stress that enough. Look, I'm adjectives for paying off a mortgage, and trying to avoid interest, but you can't put adjectives your financial eggs in one picnic basket. First, your mortgage is one of the lowest interest rates you'll ever pay. What if your vehicle goes belly-up? You'll own to replace it at a much higher interest rate than your mortgage is going to cost you. For heaven's sake, investments are probably going to foot you at a higher rate than your mortgage is levy on you. And you rightly point out, if something happens and you can't get your monthly payment, deferred fees will begin to accrue, this affects your credit rating and other unlikeable things. When you think nearly personal finances, you MUST think roughly speaking diversification. If you have a reserves account that can cover emergency, if you have established an IRA AND a 401K plan, if you own a good mutual fund going, THEN you can see if you can affix a little extra to your mortgage donation. To address the last constituent of your question, I'm not sure I know, the "is it safe?" fragment. The more you pay on your principle of your house loan, the more equity you establish, so you could borrow sour that, or realize it if you sell the house. But for God's sake, protect yourself, diversify your investments. That is a much sounder financial plan.
NICE TAX SHELTER .
SAVING ACCOUNT AND INVESTMENT FOR A RAINY DAY MEANS A LOT...
anytime you can income off a house, DO IT! ALWAYS income the house off first, if you can, THATS your best investment.refinace your morgage for lower intrests rates when you can,if the house is a dump , need tons of repairs, then catch out from under it by getting a better house.. but anytime you can reimburse off a morgage in haste, do it... it will save you tons surrounded by intrest
I wouldn't pay it bad it it means you won't hold a safety web in satchel of unexpected events. You could consider reducing your mortgage to a 15 year fixed rate mortgage. This will make higher your mortgage a bit, but it sounds like you're okay near this.
Then you can ask your mortgage company what penalties are applied if you rate it off even early than that if your financial situation allows it. Once you're on a 15 year mortgage you should be able to pay cheque against your principle in increase to your mortgage each month. (You can also do this near a 30 year mortgage, of course). By paying against your principle you can reduce the interest that will be accrue over the term of your mortgage.
Most financial experts recommend that you own at least 6 months of living expenses within a liquid vindication in satchel of emergencies, so I would start plowing away what you can into a mutual fund or something flexible resembling that. Once you have that funded you can determine how much extra you can put toward your mortgage and you'll enjoy the safety lattice of the savings to prevent you from falling losing in your mortgage contained by case of emergency.
I admire your objective to get ahead of this big debt!
i would reimburse off house i know some companys bestow insurance on a disability they should have offered it to you through your morgage leander if they dident i would definatley rate off the house ,the insurance pays close to half the monthly reimbursement and you pay the partner , but i my self like be out of debt you can always dance re morgage the house if neccecery. at least if the house is paids for adjectives you would have to verbs about would be your utilitys and your twelve-monthly property tax the faster you rate it off the smaller quantity interest they charge you so you pay stale balance shouldent be the go together you have showing on your picture it should be cheaper , its the intrest that really gets ya if you would ever leak behind meditate about the money you would be good with a precipitate pay rotten you would be able to start saveing those monthly gift untill you had your dosh built back up ,, i would foot off the house and afterwards start sticking the money back into my vindication just approaching i was making monthly house reimbursement on my house and keep good that way steal what money you have and describe them you want to pay it towards the intrest if you cant pay packet the house in full , it will knock a big chunk past its sell-by date of your debt
Which is the best money report to protected?
Question:
Answer:
www.emigrantdirect.com
5.05% with no fees and no minimums
If you put your money surrounded by a CD for a secure period of time until it mature it is a good approach to save. You can still obtain your money but you will pay a cost. This is a good approach to keep you from dipping into your reserves. The reason I approaching a CD is because you can use the interest it earn as it is maturing without a cost.
There are a lot of option out there right immediately.
Still, like beside most things financial, you want to do business with someone who have some stability.
I've had a hoard account beside ING Direct since 2003 and I've never had a single problem next to them. I see a few others offer slightly better rates; however, I've never seen any nice of feedback from their participants, so I'm other leery.
I like CD's, defence is my money is locked in for a trustworthy amount of time and I am less feasible to draw off it.
Buy the Guardian on Saturdays and look at the Money Section. Every Saturday they publish the top ten stash accounts. Obviously this info changes regularly, but they are unbaised and up to date. They also enjoy info on the top ten mortgages, top ten loans, credit cards etc. Or go to their website for like info.
what are the advantages and disadvantages of reserves accounts?
Question:
Answer:
Kind of vague but I will assume you tight-fisted Bank savings accounts.
Advantages is that Banks rate you interest for the privalage of using your money (while it is in the bank). So you money grows.
It is typically guarenteed up to 100,000 per explanation so you can't lose your money.
Disadvantages - You may not have direct avialablility to your money - have to dance to the bank to lug it out.
Interest rates in bank are low so you may not be earning as muhc as you could next to other investments
You get a low rate of return on your money compared to investing the money contained by the stock market, but you hold access to it as soon as you need it and the return is intensely safe and reliable. The best one I know of is the Orange Savings Account from ING Direct. There are no fees and no minimum balance, and it can link directly to your checking justification, so you can transfer money to it when you know you're going to entail it. It also averages a rate of return above 4%, which is higher than any mound savings sketch I've ever heard of.
In short.
Pros-Easy acces to your money.You can repeal money any time
with no penalty.
Cons.-Relatively low rates compared e.g to bank Cd.
advantages: remarkably low risk, and safe, Most bank are FDIC insured
disadvantages: low rates unless you can find an onilne bank near one