Saving $2 trillion would be a “best-case outcome” for DOGE, Elon Musk said on Wednesday. Musk said DOGE has a “good shot” at saving $1 trillion, and that would still be an “epic outcome.” The Tesla chief previously said in October that his commission would save “at least” $2 trillion. Elon Musk said in October…
Annual percentage yields for high-yield savings accounts continue to hang around 4.20% based on our weekly tracking, but you may be able to find higher. Experts say switching banks for a slightly higher APY may not be worthwhile if you’re already earning interest at an average rate. If you still have money in a traditional…
Zinkevych / Getty Images/iStockphoto Some Gen Xers are nearing retirement age. Therefore, now can be an ideal time for them to start thinking about their financial future. The oldest Gen Xers are turning 60 in 2025, meaning retirement could be on the horizon. For this generation, now is the time to bulk up retirement savings…
Savers can still find high CD interest rates online now. Getty Images There are plenty of savings accounts and investments in which to store your money, but few guarantee a high, fixed rate for months or even years. A certificate of deposit (CD) account is one of the rare exceptions. Interest rates on this account…
What happens if Trump gets rid of daylight saving time? President-elect Donald Trump says he wants to ditch daylight saving time and keep the nation on one time year round. The move would dramatically alter life in the spring and summer months. FOX 5 NY’s Teresa Priolo has more on the potential impact a change…
Key Takeaways While dozens of high-yield savings accounts are paying 4%–5%, you can push your return into the stratosphere right now with a remarkable offer from Live Oak Bank—but only if you act fast. In addition to its high yield rate of 4.20%, Live Oak will pay a generous bonus of $300 to anyone who…
Personal Finance Morsa Images / E+ via Getty Images Published: January 8, 2025 9:45 am This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receivecompensation for actions taken through them. 24/7 Wall St. Key Points: Given the rip-roaring year the stock market just had, a lot of people are gearing…
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…
