faq
How to Remove PMI
Before you go looking for a mortgage lender willing to let you buy your next home without a significant down payment, thereâs a set of initials you should know about: PMI. Short for private mortgage insurance, this is extra mortgage insurance thatâs tacked on to conventional home loan purchases made with less than 20% down. […]
The post How to Remove PMI appeared first on The Simple Dollar.
6 Best Investments for Roth IRA in 2023
One of the very best investment vehicles to prepare for retirement is a Roth IRA. It gives you an opportunity to provide tax-free income once you retire. But a Roth IRA itself is not an investment. Thatâs why itâs important to know the best investments for a Roth IRA in 2023. The table below summarizes […]
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Series I savings bonds: A safe investment with a high return
I get a lot of questions about money. These questions tend to vary based on the asker and her needs, but there’s one question I get more often than any other: “What’s a safe investment with a high return?”
For the past decade or so, I’ve had no answer to this question. Savings accounts and certificates of deposit are safe, sure, but they’re no longer attractive investments. Since the Great Recession of 2008/2009, interest rates have remained shockingly low. This is by design. The government doesn’t want you parking your money in a savings account. They want that money out circulating in the economy.
Over the long term, the stock market offers excellent returns. But when people are asking for “safe” investments, they’re wanting avoid short-term volatility, which means stocks are out of the question. (And stuff like Bitcoin and precious metals are even more out of the question!)
Today, however, while catching up on my blog reading, I stumbled upon a link from Michael Kitces’ weekly roundup for financial planners. The story he shared blew my mind. Writing in The Wall Street Journal, Jason Zweig explains the safe, high-return trade hiding in plain sight. (This article is behind a paywall.) That safe, high-return trade? U.S. government Series I savings bonds.
These inflation-adjusted bonds are currently yielding 3.54% annually!
Allstate Auto Insurance Review – Good Financial Cents®
Best Online Dollar Stores That Offer Serious Savings
As inflation takes a bigger chunk out of everyoneâs cash flow, dollar stores are increasingly attractive alternatives to traditional department or grocery stores. Who doesnât want deeper discounts on everyday items? Not as enticing, however, is the idea of throwing on clothes and schlepping through bins to find bargains. Enter online dollar stores, where most […]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.