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Bank Customers Lose Real Money

Jeff For Banks

You've been conservative, preferring the stability and security of bank deposits versus the gyrations of the market. Heck, maybe there'll be a reassessment and your real estate taxes will go down. Taxes go down? Worse, in 14 of the 21 years from 2000 through 2020, the inflation rate has been higher than the Fed Funds rate.

Taxes 78
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Cash-Equivalent Accounts: The Safest Types of Investments

MyBankTracker

The typical financial advice is to be “100% invested” — meaning every available dollar you have is invested in a security, fund, or other investment. Cash-equivalent accounts are generally interest-bearing securities that mature in 90 days or less. CDs typically come with automatic rollover provisions. Treasury bills.

Taxes 52
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Latest CECL FAQs

Abrigo

The Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC) have put out a joint statement addressing many frequently asked questions about the new standard. the incurred loss method).

Policies 188
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How do you know if you get a Coronavirus stimulus payment?

Current

If you are not required to file taxes, you can enter your Current account and routing number, to receive your payment via direct deposit to Current and receive it up to two days faster than a traditional bank. You'll then be able to receive both your tax refund and stimulus payment up two days faster via direct deposit to Current.

Taxes 55
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SMB Challenger Banks: Lili Focuses on Freelancers

Fintech Labs Insights

Security features (account freeze, real-time transaction notifications, FDIC insured). Other differentiating factors: Allows customers to automatically set aside a portion of revenues for later tax payments, called “Tax Bucket”. Raised $25M (in 2020) ( Crunchbase ). Business debit card with free withdrawals.

Taxes 15
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SMB Challenger Banks: Lili Focuses on Freelancers

Fintech Labs Insights

Security features (account freeze, real-time transaction notifications, FDIC insured). Other differentiating factors: Allows customers to automatically set aside a portion of revenues for later tax payments, called “Tax Bucket”. Raised $25M (in 2020) ( Crunchbase ). Business debit card with free withdrawals.

Taxes 15
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Personal Capital Review: Free Tools and Paid Wealth Management

MyBankTracker

This is done securely. The cash account is an FDIC insured financial account, but the APYs are rock bottom. This tool, which only paid clients get access to, helps you develop a personalized and tax-efficient withdrawal strategy for your retirement plan. Tax Optimization. Optional Personal Capital Cash Account.

Tools 52