When you deposit money with a bank that’s insured by the Federal Deposit Insurance Corp., the government guarantees that the funds will be protected, up to certain limits, if the bank fails. Many financial-technology companies that offer banking products; such as checking or savings accounts, are not FDIC ­insured, so customers’ funds are instead passed through to an institution that has FDIC coverage, although customers continue to interact with the fintech for banking services.

3 Types of Trusts That Could Help Wealthy Clients’ Estate Plans 
A charitable remainder unitrust or annuity trust could help inherited individual retirement account heirs push back the additional income and accompanying taxes; a non-grantor trust can tap into the tax-free capital gains of up to $10 million for qualifying small business stock; and a grantor retained annuity trust may assist in freezing the value of their estate, according to Aaron White, chief growth officer of Pleasanton, California-based Adero Partners. Earlier this year, he wrote a guide to the many kinds of trusts that could assist high net worth estates. 

If you're in your highest-earning years you can make up for lost time. By. Sandra Block for Kiplinger Personal Finance YOU'VE no doubt heard from multiple sources (including Kiplinger) that the key to retirement security is to save early and often. Thanks to the value...

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The much-anticipated rule change expands the definition of “investment advice” to advice given to consumers and sponsors of retirement plans governed by Erisa.  By Cyril Tuohy |April 23, 2024  The U.S. Department of Labor has released the final version of a new set of...

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Most people will need long-term care at some point, but insurance is pricey. Here’s a guide to covering the expenses Unless you maintain your health and mobility for the rest of your life, chances are you’ll eventually need some form of long-term care. Government...