In the news recently there has been a lot of talk about money market funds. This raised the question; is there a difference between money market accounts and money market funds? While there are similarities between the two accounts and the ultimate goal of both types of financial accounts is to earn the account holder money; the two accounts are different.

Sentinel Management Group has asked permission from the CFTC to halt money market redemptions.

Recently I was contacted by a mortgage professional about a new program that claims "The average MMA customer will pay their 30-year mortgage off 100% within 8 to 11 years-with little change to their day-to-day spending habits and without increasing their monthly mortgage payments."