Money in a Minute for the Week Ending Jan. 7
Here’s a quick look at the biggest financial news of the week.
Here’s a quick look at the biggest financial news of the week.
In this article, I discuss frugal living tips that you can start today and save thousands of dollars. Being a millennial who tries to save money is a hassle. But, know that frugal living does not mean you should have…
The post 14 Frugal Living Tips You Can Implement Today and Save Thousands appeared first on Modern Frugality.
It’s a sad fact, but we’re all mortal and one day we will all die. This is true whether we have retired or not and there’s a 100% chance of that happening. According to Vanguard, over 25% of all Americans have a 401k plan. This means 1 out of every 4 Americans will be forced […]
The post What Happens to Your 401k When you Die? appeared first on Good Financial Cents®.
One of the most important aspects of financial wellness is learning how to start saving money. That is why, Chapter 1 in our savings series focuses on this important habit. While learning how to start saving probably seems simple at the surface, the concept remains challenging for many: As of late 2020, 34% of Americans
The post Chapter 01: How to Start Saving Money appeared first on MintLife Blog.
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!
With mortgage rates constantly fluctuating, you may be wondering: when is the best time to buy a home? In most cases, sooner is better than later – but it’s always a good idea to understand what affects mortgage rates and when. In this article, we’ll cover the Federal Reserve, how it affects mortgage rates, and… View Article
The post How Does the Federal Reserve Impact Mortgage Rates? first appeared on Total Mortgage.
As families are affected by the pandemic, the financial aid offered may no longer seem like enough. Here’s what you should do.
The post How to Appeal Your Financial Aid for Next Year appeared first on MintLife Blog.
How to Pay Off Your Mortgage Early is a post from Pocket Your Dollars.
A reverse mortgage can provide older homeowners with an additional stream of income in retirement. Reverse mortgages allow eligible homeowners to tap into their equity, without taking a traditional home equity loan. But are reverse mortgages a scam? No, but ⦠Continue reading â
The post Reverse Mortgage Scams to Watch Out For appeared first on SmartAsset Blog.