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Mike is the founder of this site, www.mikefanelli.com He has extensive professional experience in accounting and financial analysis, and is currently a licensed CPA in the state of North Carolina.

The Federal Regulations of Money Market Accounts

There are important federal regulations that affect money market accounts. If you are researching money market accounts, it’s important to be aware of these regulations.
Classification of Money Market Accounts
The federal government classifies money market accounts as savings deposit accounts. There’s a key difference, however, between money market accounts and savings accounts. You are permitted [...]

Financial Growth with High-Yield Money Market Rates

Typically it’s possible to find the best money market rates when you look for high-yield money market accounts. High yield money market accounts offer the best money market rates because they offer variable rates. Here’s a handy guide to these accounts and the best way to navigate the difficult waters of high yield money market [...]

Why so many Americans are broke

Good article from Vanguard MoneyWhys regarding why so many Americans are broke…

West Virginia Makes Good Use of 2 Million Minutes

This is what I like to hear!

Student Debt on the Rise

Congratulations recent graduate!  Your prize for four years of hard work is on average $23,200 in student loan debt (not including the debt that your parents are assuming) and a very difficult time to find a job!  Woohoo - time to celebrate!
In all seriousness, student loan debt is on the rise and there is not [...]