The 4 best savings rates for the financially bearish – What options do conservative savers have besides stuffing cash into the mattress?
Savings rates have been incredibly low for the past decade. Many growing into this current economy must think that banks are simply expensive mattresses where you keep your money. There are options out there for stashing your emergency fund or simply for keeping some of your savings money powder dry. There are many options out [...]
Learning how to retire like a millionaire with $250,000. It is possible but you need to hack your idea that $1 million is the minimum to retire.
Many Americans have a magical notion that $1 million is sufficient for a steady retirement. Let us not point out that most Americans, 75 percent have less than $75,000 to their name and over 30 percent have zero dollars to their name. This by no means is a secure retirement. But lifestyle hacking is possible. [...]
Savings and Deposits and the Zero Percent Bank Account – Punishing the Saver for a Nation Fueled by Debt Consumption.
The current financial system is designed to punish savers. The Federal Reserve by cutting the Fed funds rate to virtually zero has made it a disincentive for people to store any of their wealth and get any acceptable return. If we look at savings account rates you will find that many banks are offering from [...]