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If you’ve heard “Trump Account” at a family dinner lately and nodded along, you’re not alone. These new children’s savings accounts came out of last year’s tax law, and they moved from idea to reality this fall. On October 1, the Treasury Department announced that automatic enrollment was complete. In its words, “every eligible child under the age of eighteen with a valid Social Security number … [Read more...]

5% sounds great. But what you earn - and when you can access your money - matters even more Remember when savings accounts paid you basically nothing? When “playing it safe” meant watching your money lose ground to inflation? That era is over. On September 30, the yield on the 10-year U.S. Treasury touched 5.304%, its highest level since 2002. A week later, the Treasury sold $39 billion … [Read more...]

“Darren, with the market dropping, what should I do?" It is the question I hear more than any other. But it is not the only one. After all this time, I can tell you the questions barely change — and that is actually a comfort. The dollar figures change. The names of the accounts change. The questions do not. So here are the ten I hear most often, with honest, short answers. The kind I would … [Read more...]