Linda Martin, who is fighting for her life savings, stands in front of FBI headquarters in … [+] Washington, D.C. Institute for Justice The FBI seized Linda Martin’s $40,200. It didn’t charge he...
Tag: savings
These 3 banks now offer 5% on checking and savings accounts
The difference between a savings account at a traditional bank and the rates available at an online bank are significant. Getty Images/iStockphoto It’s been over a decade since savings rates have been...
Is Bitcoin Safer Than a Bank Savings Account?
The recent failures of FTX, Silvergate, and now Silicon Valley Bank have sent shockwaves through the banking industry, causing even the most conservative of investors to question the safety of their m...
I plan to retire at 62. I get $1,500 a month in rental income and have $200,000 in savings. Should I get a financial adviser to help me?
I’m not sure what to do with my savings. How might a financial adviser help me? Getty Images/iStockphoto Question: I am planning to retire at 62. I have $200,000 in savings, and I have a paid off rent...
XRP Healthcare and United Networks of America To Offer Prescription Savings Card
Cardholders would earn XRPH rewards. XRP Healthcare, a Web 3 healthcare solutions company building a healthcare marketplace for the XRP Ledger, has partnered with United Networks of America (UNA), a l...
We are in our 50s, living in California, and have $2 million in retirement savings. We want someone to tell us whether we can feasibly retire — what’s our best bet there?
Getty Images Question: We are a single income couple in Southern California, ages 56 and 54. We are looking for a fee-only financial adviser to assess our financial situation and provide a one-time co...
Missing $96,000 is your problem, Coinbase allegedly told account holder who had life savings cleaned out
Coinbase is being sued after allegedly telling a man who said he lost $96,000 on its site to theft that it wasn’t the company’s problem. In a lawsuit filed on Monday in San Francisco federal court, pl...
Robert Kiyosaki Says World Economy on the Verge of Collapse — Warns of Bank Runs, Frozen Savings, Bail-Ins – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the world economy is on the verge of collapse. He warned investors about the risks of bank runs, frozen savings, and...
‘Bad luck finds us all.’ Here’s exactly how much you should have in savings right now (and just how few Americans actually have this amount socked away)
How much should you have in savings? Getty Images/iStockphoto About half (49%) of American adults have either less emergency savings than they did last year, or no savings at all, according to a new B...
State IRA programs work toward closing the racial retirement savings gap
Maskot | Maskot | Getty Images The income and wealth gaps between people of color and white households is wide, but state-run retirement programs are attempting to help workers find parity. As many as...
Retirees struggling to stay afloat: How to keep health and economic issues from draining your savings
Dorri Olds, a 61-year-old freelance writer and graphic designer, says she has spent nearly all her savings to refurbish her New York City apartment. In an emergency, she says she would sell it and con...
Here are the 3 big reasons Dave Ramsey hates whole life insurance — do this with your hard-earned retirement savings instead
‘Absolutely horrible’: Here are the 3 big reasons Dave Ramsey hates whole life insurance — do this with your hard-earned retirement savings instead When it comes to whole life insurance, “...
Why Does My Bank Have Savings Account Transfer Limits? It’s My Money!
savings account transfer limit Some banks limit how often you can transfer money out of a savings account. Exceeding the allowed quota of transfers via ATM, electronic bill payment or other methods co...
I’ll inherit $40,000 from my grandmother. Should my husband and I boost our kids’ college savings accounts, or pay off credit cards and student loans?
After a terrible battle with dementia, my grandmother died a few weeks ago. She did not leave much, but I will — along with my siblings — receive about $40,000 in life insurance. I am trying to figure...
Here come the 5% CDs
Don’t touch that dial. If you’re looking for certificates of deposit, the interest rates on offer should be—here’s hoping—heading higher following the latest inflation numbers out Tuesday morning. Rea...
Consumer Forecast 2023-2024: Growth Now, Recession Later
Income rose more than spending due to pandemic stimulus. Dr. Bill Conerly based on data from U.S. Bureau of Economic Analysis The past gap between consumer income and spending—savings—presents the mos...
‘Cash is the cool kid on the block’: High-yield savings accounts, Treasury Bills, money market funds, and CDs — here’s where your cash can earn up to 4.5%
Cash isn’t just the dollar bills you put in your pocket — in this market, it might seem to be a patch of steady ground. There are multiple options: People can put their money in high-yield savings acc...
Stranded college savings plan can soon be rescued. New law lets 529 dollars roll into retirement
Kids change their minds a lot, so it’s understandable parents might be nervous to lock away money in a college savings plan. After all, what if your child decides to skip college or drop out? That mon...
‘I really need help.’ I have $580K in retirement savings, but can’t find a financial adviser because the ones I spoke to want clients to be richer than me. What should I do?
Have a question about your financial adviser or looking for a new one? Email [email protected]. Getty Images/iStockphoto Question: I’m in Maryland and could use a financial planner for my Roth IRA...
Inflation is wreaking havoc on the American middle class and 8 out of 10 say they are spending their savings just to get by
Surging prices over the past year have hit many people in their pocketbooks. Average wages have risen somewhat, but not enough to keep up with inflation, which peaked in June at a 40-year high of 9.1%...
The Fed raised interest rates this week. So here’s what you should be earning on your savings account now
Savings accounts are already paying far more than they did even a year ago. Getty Images/iStockphoto On Wednesday, the Federal Reserve raised interest rates a quarter percentage point, and officials n...
The Pros And Cons Of High-Yield Savings Accounts And How They Compare To Investing
getty Key takeaways A high-yield savings account offers high rates and is a safe place to keep your cash Deciding whether to put money into the stock market or a savings account will be a personal dec...
If you haven’t switched your savings account recently, now may be the time
Getty Images/iStockphoto On Wednesday, the Federal Reserve raised interest rates again — which is good news for savers. What’s more, savers have been seeing yields on savings accounts rise for months ...
Want to earn a guaranteed 4%-4.75% on your money? While this savings vehicle hasn’t been that popular in recent years, pros say it’s now worth another look
The latest rates on certificates of deposit. Getty Images/iStockphoto Looking for a safe place to park your money with a guaranteed return of sometimes 4.5% or more? While certificates of deposit, or...
10 best high-interest savings accounts for February 2023
10 savings accounts that deliver rates that top 4%. Getty Images/iStockphoto Want to let your hard-earned cash work for you? How about letting it work more than 15x harder than the national average? T...
This Canadian Man Lost his Life Savings in a Crypto Scam on YouTube
Stephen Carr – a resident of Meaford, Ontario – said he lost his entire life savings of nearly $500,000 after being conned into a cryptocurrency scheme on YouTube. Scammers have used the video-sharing...
5 Ways the SECURE Act 2.0 Can Boost Your Retirement Savings
On December 29, 2022, the SECURE Act 2.0 of 2022 was signed into law to enhance America’s retirement savings outlook. Since the original SECURE Act (Setting Every Community Up for Retirement Enhanceme...
Tempted to chase fat yields in money market accounts? Why it might not pay to switch.
The yield chase is on. After more than two years of historically low interest rates, savers are rediscovering that they can earn money on their money by letting it sit. During the pandemic, many saver...