5 ways to use your brokerage like a savings account
Savers can stash their cash in a brokerage these days to rack up returns.
Our goal is to get wiser every day and avoid the mistakes of the past.
— James Royal, Ph.D.
About the author
Bankrate principal writer and editor James F. Royal, Ph.D. covers investing and wealth management. His work has been cited across major media, including CNBC, the Washington Post, The New York Times and the Associated Press. Royal believes in the power of education to help individuals make smart financial decisions that can positively and significantly improve their lives.
Experience
James is the author of The Zen of Thrift Conversions. He’s a veteran writer and stock analyst with a history of working in the financial-services industry, including at the Motley Fool and Bankrate.
Education
Royal has a bachelor’s degree in management as well as master’s and doctoral degrees in English earned at the University of Florida.
Media mentions
CNBC
Yahoo Finance
Reuters
Cheddar TV
Forbes
Barron’s
Our goal is to get wiser every day and avoid the mistakes of the past.
— James Royal, Ph.D.
Savers can stash their cash in a brokerage these days to rack up returns.
Unfortunately, many seniors are unprepared for this tough decision.
Here’s how 403(b) and 401(k) plans work and their major differences.
Here’s the average age Americans filed for Social Security and the average benefit.
Here’s how you can refile for Social Security to get a higher monthly benefit check.
If you want to open a Roth IRA and make too much money to do so, don’t fret.
Here are key situations where the gray market is used for securities trading.
Many civil servants save for retirement with their own type of 401(k).
Don’t make these errors when using a 401(k) to save for retirement.
When is the stock market closed? Here’s a list of days when the major exchanges observe holidays.
These companies make up the popular Dow Jones Industrial Average.
Learn which investments helped make Elon Musk the richest person in the world.
Is your Social Security check late? Here’s what to do.
When you retire can potentially have a big impact on your retirement income and the taxes you owe.
Here’s what else you should know about Warren Buffett, his investment approach and largest holdings.
Here are the basics on how Bitcoin mining works and some key risks to be aware of.