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3 Ways to Know if You Should Open Another Bank Account

The Motley Fool

Image source: Getty Images I've opened and closed two bank accounts in the last two months. There's more to bank accounts than savings accounts. You've got checking accounts, money market accounts, and certificates of deposit (CDs). How do you know if you should open another account? More on that later.

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Blackstone, Rialto, and CPP Acquire $1.2bn Stake in Signature Bank’s CRE Debt

Private Equity Insights

Blackstone Real Estate Debt Strategies and Blackstone Real Estate Income Trust partnered with Miami, Florida-based Rialto Capital and the Canada Pension Plan Investment Board to make the successful $1.2bn bid for the 20% interest in a joint venture set up by the FDIC to hold the failed bank’s $16.8bn in commercial real estate debt.

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Here's the Average American's Net Worth by Age in 2024

The Motley Fool

Your net worth is calculated by adding up all of your assets -- cash savings, investments, home value, and other property -- and subtracting your liabilities -- your mortgage balance, student loans, credit card debt, and any other money you might owe. Debt isn't inherently bad. The same is often true for student loans.

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Here's the Net Worth That Puts You in the Top 5% of American Households

The Motley Fool

To calculate your net worth , you add up all of your financial assets -- cash savings, retirement accounts, other investments, your home value, and any other property -- and subtract any liabilities -- your mortgage balance, student loans, credit card balances, and any other debt you might owe. That makes sense.

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This Is the Bare Minimum You Should Be Contributing to Your 401(k)

The Motley Fool

As awesome as it would be to max out every possible type of investing account, we mere mortals only have so much cash to go around. Making priority calls on how and where to invest even part of your income just might be one of the toughest parts of managing your money these days. That account? Let's get real. Your 401(k).

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Here's The Average American's Net Worth at Every Age. How Does Yours Compare?

The Motley Fool

You can calculate your net worth by adding up the value of all that you own, such as your cars, house, the cash in your bank account , and other personal possessions, and then subtracting all of your obligations, like your mortgage and credit card balances. Pay down debt Reducing your liabilities is another great way to grow your net worth.

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There's Only One Place Your Emergency Fund Should Be. Here's Why

The Motley Fool

Doing so could be the ticket to staying out of credit card debt and avoiding a whole lot of financial stress if you're faced with any unexpected expenses. That's a lot of money, so you may be tempted to try to invest it or do something strategic with it in order to maximize your return on investment. Here's what it is.

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