Personal Finance Home Page

What the Fed rate cut means for bank accounts, CDs, loans, and credit cards

How the Fed's decision on interest rates affects savings products, various types of loans, and credit cards.

What does a financial advisor do, and do you need one?

A financial advisor is a professional who provides money management guidance for a cost. Learn about the types of advisors and the services they provide.
Is now a good time to refinance your mortgage?

Mortgage rates are starting to decrease, so is now a good time to refinance your mortgage? Learn what factors to consider when deciding if you should refinance.
The best balance transfer credit cards for November

We've put together a list of the top balance transfer cards that can help you pay down debt without immediately accruing more interest.
The 10 best high-yield savings accounts for November

We analyzed nearly 300 data points to find the best high-yield savings accounts available today. See our top picks based on interest rates, fees, and more.
8 smart money moves to make with $1,000 in savings

Saving your first $1,000 is a major milestone. But you may not be sure what to do next. Here are several ways to put $1,000 in savings to good use.

Calculators and Tools

Millennial investors are embracing index funds. Here's why.

Index funds are gaining favor among millenial investors compared to all other age groups, a FTSE Russell US Wealth survey found. FTSE Russell’s head of buy-side Americas Ryan Sullivan joins Wealth Host Brad Smith to break down the survey's finding and what it says about investment strategies across generations. "There's some interesting findings here when it comes to millennials in particular, especially as they're they're looking at a longer term time horizon and thinking of bringing in either ETFs or other index based funds to their portfolio," Sullivan says. "It's become evident in our findings, 30% looking at those index funds as that jumping off point in the best way to achieve those long term goals, and also millennials plan to increase their exposure to index funds ahead of other generations, like Gen X and the baby boomers as well." He adds that lower fees and portfolio diversification are top of mind for the investors surveyed, while about a third prioritize values based investing. Watch the video above for more on how and why millennial investors are turning to index funds. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan.