Should you switch banks? Getty Images/iStockphoto If you’re still with the same old bank you’ve been with for years, you may be losing out on money. Indeed, while the average savings account is still ...
Tag: savings
Quantfury Surpasses $250M in Commissions and Fees Saved for Users, Introduces New Functionality Showing Real-Time Insight Into Savings
NASSAU, Bahamas–(BUSINESS WIRE)–#investing—Quantfury Trading Limited (“Quantfury”), a global multi-asset brokerage firm that has delivered trading and investing at real-time spot prices of global exch...
2022 was rough. But here are 5 brand new retirement savings and tax rules that could give you a big boost in 2023 — get to know them now
2022 was rough. But here are 5 brand new retirement savings and tax rules that could give you a big boost in 2023 — get to know them now After a year of record-breaking inflation and a volatile market...
Programmable Bitcoin vaults could reimagine long-term savings
Bitcoiners might be able to program long-term savings vaults into code, on-chain — an exciting development for Bitcoiners who keep the cryptocurrency as a long-term investment, known as ‘hodling’ (hol...
‘They continue to climb.’ You can now earn upwards of 4% on a savings account. Here’s where.
Are you earning enough on your savings account? Getty Images/iStockphoto Nearly half of Americans don’t know what their current savings account interest rate is, according to a Capital One survey cond...
The Absurdity of the ‘Predatory Lending’ Narrative Seen Through the Prism of Retirement
“He who understands it, earns it; he who doesn’t, pays for it.” The previous words are said to be those of Albert Einstein commenting on the genius of “compound interest,” but it’s difficult to find r...
How Much Savings Should I Have at 40?
how much savings should i have at 40 One way to evaluate how well you’re saving for retirement is based solely on your age. A common age-based estimate for retirement savings holds that a 40-year-old ...
Even the rich think it’s going to ‘take a miracle’ to be ready for retirement — here’s how to catch up on your savings
Even the rich think it’s going to ‘take a miracle’ to be ready for retirement — here’s how to catch up on your savings If you’re planning on putting your feet up by the coast and sipping m...
Savings Account? How’s $1,500 In Extra Income Sound? I Bonds Are Just One Choice
There’s a bright side to rising interest rates: There are now options for savings to get decent income. And Series I Savings Bonds are just one of them. X Investors don’t have to look far ...
I am 60 and plan to retire in March. I have $113K in my 401(k) and no other savings, but I will get an early retirement package of 9 months salary. Should I get a pro to help me?
Question: I am accepting an early retirement offer from my long-term employer of 24 years. In March of 2023, I will retire and receive nine months of salary as well as my benefits. During this time I ...
How Much Money Should I Keep In Savings vs. Checking?
how much money should i keep in my savings account How much money should I keep in my savings account? This is a valid question to ask if you’re interested in making the most of your money. Savings ac...
LiveOne Slashes Additional $5 Million of Costs Bringing Total Savings to Over $30 Million in Fiscal 2023
Increases Record Adjusted EBITDA* Guidance to $9.5 – $12 Million for Fiscal 2023 Short-Term Assets of $25 Million and $8.6 Million Cash Signed LOI for New Credit Line for Up to Maximum $20 Million LOS...
You can earn 3%-4% on your savings account. 7 smart ways to save more in 2023
Converting your monthly billpay to paperless can result in “over $1,000 a year in savings”, according to an expert. Getty Images/iStockphoto The No. 1 financial new year’s resolution for 2023 is to bo...
Earn $3,500 cash by opening a savings account? The offer is real for the next week — but there are hurdles
If the account balance for this savings account falls just one dollar short of the required minimum, that hefty bonus is diminished in half to $1,750. istock Looking for some extra cash after a busy h...
Founder of Goobers NFTs ‘completely broke’ after gambling away life savings, investor funds
Twitch Streamer and Goobers NFT founder DNP3 confessed in a twit longer that he is now completely broke after gambling away his life savings and all funds received from investors. Earlier in September...
6 Tips Americans Follow to Maximize Retirement Savings: Are You Keeping Pace?
SmartAsset: 6 Tips Americans Follow to Maximize Retirement Savings While inflation and market volatility loom over the U.S. economy, a new survey by Principal Financial Group shows that 59% of respond...
Five Money Moves to Make Right Away in 2023
With about 66% of U.S. adults intending to make new money resolutions in 2023, according to a recent Fidelity Investments report, it’s a good time to figure out what kind of money moves you should mak...
‘I dug myself out of the paycheck-to-paycheck cycle’: Should I use my bonus to pay off my mortgage, put it in a savings account or Vanguard?
Dear Quentin, Over the last couple years I dug myself out of the paycheck-to-paycheck cycle, and I am making good money. I never learned about stocks, investing, etc. I do not have a 401(k) at work. M...
Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in Dollars
The U.S dollar-Argentine peso exchange rate escalated during December, with the Argentine fiat currency reaching new historic lows as citizens ran to exchange their holiday payments for dollars. The U...
Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in Dollars – Economics Bitcoin News
The U.S dollar-Argentine peso exchange rate escalated during December, with the Argentine fiat currency reaching new historic lows as citizens ran to exchange their holiday payments for dollars. The U...
Brazilians are turning to stablecoins to protect savings from inflation
According to recent market data, 50% of the Brazilian Real (BRL) volumes involve a stablecoin. For anyone needing a positive note to end the year on in crypto, look at its usage in developing economi...
Thrift Savings vs. 401(k) Plans
Thrift savings plans (TSPs) and 401(k) accounts are two vehicles used to save and invest for retirement. Both operate similarly in many ways, including tax advantages, caps on contributions and requir...
D.C. spending deal sets way for employers to help workers build cash savings
As people watch their savings sink under inflation’s pressure, one provision in the congressional year-end spending deal aims to make it easier for workers to save money for life’s unexpected expenses...
Bank Holdups and Protests Continue to Rise in Lebanon as Depositors Demand Their Own Savings – Economics Bitcoin News
On Dec. 17, reports detail that residents in Lebanon have been staging sit-ins and protests at banks in order to access their own savings accounts. Since the economic collapse in 2019, Lebanon’s banks...
I’m 56 and Have $500,000 in Savings. Here’s the Advice I Would Give My 22-Year-Old Self
PCH-Vector/Getty Images Meet Cynthia. She’s 56, debt-free, happily married with two grown kids and has a steady consulting business that pays her bills. There’s more: She also has $500,000 stashed awa...
Neobanks raise savings yields as Bank of England hikes interest rates
The Starling Bank app displayed on a person’s phone. Adrian Dennis | AFP via Getty Images LONDON — Online banks in the U.K. are racing to bump up the yields on their savings accounts in a bid to...
The Fed raised interest rates again. Where to earn 3-5% on your savings account
Where to earn more on your savings account. Getty Images/iStockphoto On Wednesday, The Federal Reserve raised its benchmark interest rate by half a percentage point, bringing the federal-funds rate up...
How Do Federal Reserve Interest Rate Hikes Hurt Your Retirement Savings?
getty The Federal Reserve just raised interest rates again and continues to take an assertive stand against historically high inflation numbers. What’s that doing to your investment portfolio? “Intere...
‘I have $30,000 in my savings account’: I’m 56, unemployed and single. I invented products that will cost $20,000 to bring to market. Should I do it?
Dear Quentin, I am a 56-year-old divorced woman who has raised four children as a single parent. I made the decision at a young age to give birth to all of my children, and I was the sole provider for...