Compound interest is one of the great powers of the financial world. Compound interest can help a 20-year-old become a multimillionaire by retirement age without having to save millions. Whether you ...

While most Americans understand the value of building income by investing, the reality is that the sheer volume of investment strategies can be overwhelming to navigate. Models offered by traditional ...

Unless you're independently wealthy, you should be saving and investing for retirement ‒ starting, ideally, in your 20s or 30s. Sure, if you're 47 and haven't really started yet, start now. But those ...

There are two main types of interest, compound interest and simple interest. Compound interest factors in interest earned in the total interest calculation. Therefore, compound interest totals account ...

Annual percentage yield (APY) is the effective annual rate of return on an investment. Learn how it accounts for compounding interest and how it differs from APR.

You need savings to invest, but time for those investments to grow and compound. Long periods of time are so powerful that they can make up for lower savings rates. Save as early as you possibly can ...

Opening a high-yield savings account is the first step in the process of working through a solid savings strategy. While your income, spending habits and managing your finances will ultimately drive ...

In the good old days, young Americans went to work for an employer who would promise a comfortable retirement in the form of a pension plan — that is, a defined-benefit plan. Today, it's increasingly ...

As 2014 comes to a close, many folks prepare to commit to their 2015 New Year's resolutions. We have a resolution for every 20-something in America who isn't saving for retirement: start saving now.

Toni Husbands was a staff writer with CNET Money. She began writing about personal finance to document her experience paying off $107,000 of debt, which is detailed in her book "The Great Debt Dump." ...

Albert Einstein famously called compound interest “the eighth wonder of the world.” Understanding compound interest can help your money work for you — not against you. But what exactly is compound ...