If the first thing that springs to mind when you hear the letters CD is a CD-ROM, you might have a lot of questions about what a certificate of deposit (CD) is, how they work, and how much money you could earn in interest. Rest assured: you’re in the right place!

Stocks pushed higher Friday, with the S&P 500 and Dow Jones indexes recording their highest levels in more than a year, after Federal Reserve Chair Jerome Powell seemed to support the market consensus view that key interest rates have peaked.

U.S. stocks logged a fourth straight week of gains last week amid light trading activity around Thanksgiving. For the week, the S&P 500 climbed 1.0% and the Dow Jones and Nasdaq Composite returned 1.3% and 0.9%, respectively.

If you're exploring retirement savings options, you've probably considered opening a 401(k) or an Individual Retirement Account (IRA). But what’s the difference between them? What are the benefits of an IRA? What are the benefits of a 401(k)? And is one better than the other?

Stocks were up for the third week in a row. The main excitement for last week was the CPI numbers that came out on Tuesday, which we spoke about in our last Private Wealth Perspectives. In addition to the consumer inflation report, the October PPI and retail sales reports bolstered market expectations that inflation will continue to decelerate ahead without the need for additional rate hikes from the Fed.