Federal Reserve Prolongs Stimulus

There's still no end in sight for the Federal Reserve's stimulus program -- known as quantitative easing -- after the central bank met this week and decided to continue buying $85 billion in bonds each month.

http://money.cnn.com/2013/10/30/news/economy/federal-reserve-stimulus/index.html?iid=H_E_News

Definition of the Day October 31.

Mutual Fund:
An account combining the funds of many individuals in order to invest these funds in a range of financial instruments. A financial service company usually establishes this type of account.

Definition of the Day October 29.

Fixed Annuity:
An annuity contract that provides a guaranteed minimum interest rate and a higher current interest rate for shorter time periods during a deferred annuity's accumulation phase.

Highlights for Saturdays (Oct. 26) Your Safe Money Show!

Interest rates on CD's, bonds,treasuries and the like have never been lower. How is someone suppose to "save" any money in these types of accounts? I have some solutions for you. I am also looking at the book "The Simple Path" on the show this Saturday and you might get a chance at getting a copy.

Definition of the Day October 23.

Fully Funded:
When a pension plan has enough assets to pay for all of its current benefits and those promised for the future, it is said to be fully funded.

Recent Report: Unemployment Rates Fall.

Here's the September jobs report.

http://finance.yahoo.com/blogs/hot-stock-minute/september-hiring-misses-estimates-unemployment-rate-falls-130358302.html

Definition of the Day October 22.

Anniversary Date:
The anniversary of the date on which an annuity starts or becomes effective. Index annuities calculate annual yield by taking the difference in the S & P 500 between anniversary dates.