What bank is giving the best interest rate these days? What are the options out there?


Posted January 4th, 2010 by admin 1 Comment »
bank
Doubledown asked:


What’s the best interest rate on a regular savings acct these days? what the bank?

CDs are horrible… but if you know of any other banking high interest stuff, feel free to share.

Would it be a good idea to start a 401K as a recreational savings account?


Posted March 24th, 2009 by admin 7 Comments »
401k
Waxy asked:


For instance, say I was planning on travelling throughout Europe in a couple years. Would it be better to start a 401K (with my company matching my contribution), and take out the money with penalty in a couple years, or would it be better to put it in a high interest investment?
Thank you for all.

Is student loan still tax deductable when refinancing a student loan with a personal loan?


Posted January 16th, 2009 by admin 2 Comments »
loan
Andrew M asked:


My daughter has two very high interest student loans. Her credit won’t let her do anything, but I can “refinance” it with me getting the loan using my credit. But is it still a “student” loan that she can deduct. She is making the payments and her name will be also on the loan (ironically, she will co-sign for me). This seems to be some gray area once the loan gets moved around. Just want to make sure the “chain of custody” still makes the new loan interest tax deductable. Hope this made sense and thanks for your help.