If you’re falling behind on your retirement savings, take heart — you’re not alone. The average American’s retirement savings is 32% lower than it should be when measured against their salary, according to a study last year by DollarGeek. The study also found that all age groups are behind in their retirement savings. Find Out:…
As interest rates begin to fall following the Fed’s recent rate cuts, it’s more important than ever to ensure you’re earning a competitive rate on your savings. One option you may want to consider is a money market account (MMA). These accounts are similar to savings accounts — they offer interest on your balance, but…
You know better than to buy high and sell low. And right now, markets are high. The S&P 500 is near its peak. On Monday, it recorded its 46th all-time high of 2024. The Nasdaq is up 33% from a year ago, the Russell 2000 some 30%. These records come paired with another reality: Lots…
UK households are always looking for ways to make their money go further amid the cost of living crisis and savings accounts can help. After years of low rates, high-yield savings accounts are having a moment as the Bank of England decided to keep interest rates on hold at 5%. While homeowners face higher mortgages,…
For the first time since March 2020, the is expected to lower the this week — and there . Rate cuts can be cause for celebration, particularly if you’re planning to buy a home or pay off debt. But you can also expect to earn less interest on bank deposits and some investments. In other…