Banking

The questions that my group came up with were, “In your opinion what would be the best retirement account for a young person to start on?” Eric had said “It is important to have a few months of reserves and then whatever you have in that times it by 6 months before you even start your retirement.”

 “What is the difference between a credit union and a bank?” Response “ Credit Unions may or may not be insured to take out the money whenever you want, but won’t  really ever make as much a bank.” Some other questions I would like to have followed up with would have to be “ Is retirement something that should be focused on when you hit the age 18?” also, “ What kind of bank you you recommend for a college student?”.

As I did other research I have found that a credit union would be best for a college student because there are not as many loops as you would if you had a different kind of bank.

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