Monsters under the bed aren’t the only thing keeping older adults awake at night. So are fears about retirement, and for good reason. Retirement isn’t cheap; it can easily last more than twenty years and one unexpected illness or bad financial move could derail your plans altogether. Throw the prospect of inflation creeping back up…
monkeybusinessimages / iStock.com Maintaining financial stability during retirement is challenging for many retirees, because their income is fixed, whether it comes from Social Security, investments or pensions. Read More: 3 Things Retirees Should Sell To Build Their retirement Savings Be Aware: 10 Little Luxuries To Stay Away From in Retirement “Balancing enjoyment and security in…
Gen X retirement could use some help. In a world awash with retirement planning advice, Gen Xers are the least likely of all generations to map out a plan to fund their lifestyle once they stop working. In fact, half (48%) of Gen Xers, or Americans between the ages of 44 and 59, say they…
If you’re looking to supercharge your savings, a high-yield savings account could provide a competitive return to help your balance grow faster. However, not all banks offer high rates, which is why it’s important to shop around and find the most competitive savings interest rates available. Read on to learn more about where to find…
The Federal Reserve lowered interest rates again this week, which means savings rates could dip soon. Rates for high-yield savings accounts now average 4.32% APY. Even if rates aren’t as high as they were a year ago, experts still recommend a high-yield savings account for short-term savings goals. The Federal Reserve cut interest rates yesterday, which…
ADDED SUPPORT … Applicants can receive an interest rate reduction on new or existing operating loans PUBLISHED ON December 18, 2024 The Ohio Treasurer’s office will be offering an enhanced Ag-LINK application window for counties most affected by the drought. (Courtesy Image) COLUMBUS, Ohio — As farmers plan for the upcoming growing season, many are facing…
PORTLAND — In the spirit of giving this holiday season, several Norway Savings Bank “elves” made a special visit to Preble Street in Portland on Wednesday, December 11, delivering a surprise “Helping Hands” donation of $3,000 to support the organization’s mission of providing services to and empowering people who are experiencing problems with homelessness, housing,…
While rate cuts have reduced what savers can earn with CDs, there are still valuable options to explore now. Getty Images Expectations that the Federal Reserve would cut its benchmark interest rate yet again became a reality on Wednesday when the Fed did just that, issuing a 25 basis point reduction. That brings the federal…
Key Takeaways In an all-but-certain move, the Fed announced today that it’s lowering its benchmark interest rate by another quarter point, following September and November reductions totaling 0.75 percentage points. Though the top high-yield savings account is still paying 5.00%, today’s Fed move will push most banks to lower their rates. Because CD APYs are…
The newly introduced act in the House of Representatives takes aim at one confusing process for 401(k) plan participants weighing their distribution options. A new bill put forward in the House of Representatives aims to cut down on confusion for older Americans as they make crucial retirement savings decisions. The Retirement Simplification and Clarity Act, co-authored…
