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Sunday, September 21, 2008

About Financial Planning: Is Your Money Safe?

About.com    Financial Planning
In the Spotlight | More Topics |
  from Jeremy Vohwinkle
There has been a lot of news lately about banks failing, money market funds "breaking the buck," and government bailouts. With all of the financial turmoil, how do you know if your money is safe? What happens if your bank fails? What happens when your money market fund gets into trouble? Luckily, most people are perfectly safe when it comes to their money, but there are some limitations and restrictions as to what, and how much of your money is protected.
 
In the Spotlight
How the FDIC Can Protect Your Money at the Bank
With more bank failures and financial turmoil in the news, consumers are worried about what this means for their money deposited at the bank. What actually happens when your bank fails, and what does that mean for...read more

 
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Money Market Funds in the News
Earlier last week the Reserve Primary Fund "broke the buck," which means the share price dipped below the $1 standard. This is only the second time in the nearly 40 year history of money market funds that this has happened. This occurred because the fund suffered losses in...read more

 
How the Fannie Mae and Freddie Mac Takeover Could Affect You
If you haven't heard by now, the government took control of mortgage giants Freddie Mac and Fannie Mae. With this potentially one of the largest bailouts in American history. So, what does that mean for the average consumer...read more

 
 
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