Forty-five percent of retirement-age survey respondents are concerned that they will outlive their savings while 25% spend nearly one-third of their monthly income on housing costs. This is according to new data released by Clever Real Estate. The survey results show stark declines in overall financial sentiment based on responses from 1,000 retired Americans at…
Looking to cut costs without sacrificing comfort? Here’s what home experts say are the smartest investments for families wanting to save money long-term. Learn More: 5 Frugal Habits Suze Orman Still Follows Even Though She Can Afford Almost Anything Read Next: 5 ‘Necessities’ Frugal People Don’t Buy, According to Frugal Living Expert Austin Williams Energy…
ProfessionalStudioImages / iStock.com Saving for retirement looks different for everyone. To give you a better idea of how much to save and how fellow Americans are positioned for retirement, GOBankingRates surveyed 1,000 working Americans aged 21 and older. Conducted in November of 2024, the survey covered various topics, including current 401(k) balances and beliefs about…
It’s a New Year so Lectric is throwing a new sale with up to $727 in savings on the brand’s e-bike bundles. While prices on most of these bundles are landing at or below its Black Friday and Christmas rates, one model seeing an increase in savings is the new XPedition 2.0 13Ah Single-Battery Cargo…
b | AI-assisted reporter TAUNTON — John Silva has been appointed CEO of Bristol County Savings Bank, expanding his role as president, according to a press release. “I am so proud to be serving the bank as its president and look forward to making a difference as its Chief Executive Officer,” Silva said. “Of course,…
ST. LOUIS, Mo, Jan. 08, 2025 (GLOBE NEWSWIRE) — On January 1, CommunityAmerica Credit Union, Missouri’s largest credit union*, accelerated its expansion in the St. Louis region by merging Electro Savings Credit Union into their organization. The merger will add more locations across the St. Louis metro, improving access for members of both credit unions,…
Snoop launches savings account. Source: Shutterstock.com UK-based money-saving app Snoop has launched its first savings account, which includes integrated money management features. The new Snoop Easy Access Savings Account requires a minimum balance of £1 to encourage users to begin saving immediately, and offers a 4% AER/3.92% gross variable interest rate. Account holders can withdraw…
The Federal Reserve’s rate-cutting cycle continued in December 2024 when they cut rates by an additional 25 basis points. While many traders may celebrate whenever the Federal Reserve decides to cut interest rates, retirees should remain more cautious. During rate cuts, retirees often turn to certificates of deposit (CDs), money market funds, and bonds as valuable…
Whether you’re on the verge of retirement or decades away, growing your 401(k) balance is one of the best ways to improve your financial security over the long term. But it’s often easier said than done. A lot of people don’t have extra cash to spare, and many find the rules of 401(k)s confusing. Because…
A new year means a fresh look at where you can maximize savings, while also paying close attention to how the current landscape has shifted. The Federal Reserve cut interest rates three times to close out 2024, with the latest rate cut at 25 basis points. This is great news if you need to finance…
