A retirement plan is an arrangement of financing an individual’s income post his retirement. These plans can be set by the employers, insurance companies, trade unions, government, or any other organization. Tax benefits are provided on investments made on some retirement plans based on provisions of the Internal Revenue Code (IRC) and regulated by the labor department under the ERISA Act.

Like you, several other retirees work extremely hard to earn a decent amount of money. And they have only one aim, to have a reservoir of finances that will help them lead an independent life even after retirement. You might often mull over the thought, “How do I make sure my savings last as long as I do?” For this you need to have a retirement plan to generate revenue, that can last for the rest of your life irrespective of the income that can withstand inflation, market ups and downs, and unexpected expenses.

You might wonder what goes behind the forever’ fluctuating mortgage rates. The answer would be inflation rates of the country and the financial policies set by the treasuries and the Federal Reserve. How? These factors along with few other fiscal factors, directly decide how much investors are willing to pay in order to invest in the mortgage backed securities, popularly known as MBS.

Technology has pervaded every aspect of our lives. This includes how we go about conducting banking transactions. If you desire convenience and accessibility to your account at all times, go the online way. It is very simple to open an online bank account. And just as the traditional banking offers you a choice of accounts ”savings account, checking account, money market deposit account and certificate of deposit account, you can hold any of these accounts in the online mode as well.

Mutual funds are investment opportunities wherein money from thousands of people is pooled together and managed by a group of professionals. Herein, we list the 10 best mutual funds that you should consider investing in. Vanguard Federal Money Market Fund (VMFXX) This mutual fund is for you if all you look for is stability and long-term profits.

A dividend is a payment every single quarter made by the company to its shareholders. You can change the dividend payout rate if you are a major shareholder and have the dividend payout twice, thrice, or even our times a year. However, basically, dividends are paid every four months. However, the typical way a company pays out the dividend is in cash or shareholders can get them in stock bonuses or more shares.