The Federal Reserve closed out 2018 with another interest rate hike, the fourth for the year. That’s good news for savers, who can look forward to savings accounts one day rewarding them with higher returns.
The Federal Reserve raised short-term interest rates three times in 2018, and more increases may be on the way. Those increases, which could be reflected in higher returns on savings accounts, make this an opportune time to talk about your savings.
National Retirement Security Week (October 21 - 27) was probably not marked on your calendar. But it’s a very important reminder that thinking about and making forays into retirement planning should never be left until the last minute.
You probably know Columbus Day Weekend is upon us. What you probably don’t know is that the first week of October marks another important event, and one that potentially has far greater impact on your life than a long weekend. October 3–10 is Financial Planning Week!
The days seem long gone when kids could work summer jobs and save up enough money to pay a substantial portion—if not all—of their college tuition. Today, students borrow tens of thousands of dollars to cover the cost of their college degrees, and it seems the price tag is only going to go up.
If saving were as easy as spending, we’d all be sitting on nest eggs the size of mountains. Unfortunately, most Americans struggle to save, and many carry more than $10,000 in debt on their credit cards.