Rates on fixed interest accounts are higher than they have been in years. This has led many investors to consider locking in these rates by purchasing CDs as an alternative to their savings or money market accounts. For these investors, A CD Ladder might be a good idea. So, what’s a CD ladder? Basically, you… Continue reading It’s time to look at a CD ladder
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Five Tips to Control your Summer Spending
Summer is a great time to enjoy the outdoors and have fun, but it can also be a season of increased expenses. However, with some careful planning and smart choices, you can control spending during the summer while still having a memorable time. Here are some money-saving tips for the summer: 1. Plan your activities:… Continue reading Five Tips to Control your Summer Spending
Getting Your Tax Withholding Right
Are you familiar with that feeling of delight when you receive a large tax refund check? It feels like a bonus, right? But hold on. It’s actually your money that the government is returning to you, money that you overpaid in taxes throughout the year. Essentially, it’s an interest-free loan you gave to the government.… Continue reading Getting Your Tax Withholding Right
Reducing Food Waste and Saving you Money
According to a study by the Natural Resources Defense Council (NRDC), the average American family wastes about one-third of the food it buys each week, which amounts to approximately 20 pounds of food per person per month. The financial impact of wasting food is worse than ever since statistics from the US Department of Agriculture… Continue reading Reducing Food Waste and Saving you Money
Making the Medicare Decision Easy
Medicare can be confusing when you dive into all the parts and what they cover. But really, it only involves one major decision from which all the other decisions flow. Watch this money message to learn what that decision is, and to find a great online source for making the Medicare decision. Visit the Learning… Continue reading Making the Medicare Decision Easy
Should I sign up for Apple’s new 4.15% high-yield savings account?
Apple’s new high yield savings account has caused a few head turns as it announced the launch of an FDIC high yield savings account backed by Goldman Sachs. A high yield savings account is a type of bank account that pays you more money in interest than a regular savings account. Before you go online… Continue reading Should I sign up for Apple’s new 4.15% high-yield savings account?
7 Steps to Buying Your Next Home
The U.S. housing market has seen considerable activity in recent years. From the lockdown induced drop in housing supply in 2020 to the rapid increase in interest rates in 2022, buyers have had to wade through one of the more active (and expensive) housing markets in history. As the season turns to what has historically… Continue reading 7 Steps to Buying Your Next Home
ChatGPT Financial Advice
ChatGPT and other AI programs have been capturing headlines recently as a solution for helping you write term papers and make financial decisions. So, we asked ChatGPT this question, “What the benefits and risks of taking financial advice from ChatGPT? Here is summary of what it said: “As an AI language model trained on a… Continue reading ChatGPT Financial Advice
The Secret to 401(k) Success: Auto-Increase
We get it: it’s hard to save for your future when your today demands all your money. Yet, we all know we should. Here’s an easy way to build more wealth for your future…. use your workplace retirement plan’s automatic savings increase feature. With auto-increase, you agree to regular boosts to your savings percentage over… Continue reading The Secret to 401(k) Success: Auto-Increase
Should I get a Revocable Trust?
A revocable trust, also known as a living trust, is a legal arrangement where a person (the grantor or trust maker) transfers their assets, such as property or investments into a trust while they are still alive. The grantor retains control over the assets and can change or revoke the trust at any time during… Continue reading Should I get a Revocable Trust?
