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Category: Savings Accounts

I-Bonds: A Great Option for Emergency Fund Money

While we’ve linked to articles about I-Bonds in the last two Friday roundups, they’re getting enough publicity and we’re receiving enough questions about them that a separate article seems warranted. Because savers have
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Stress-Testing Your Household Finances

Do you have a risk-management plan in place for your personal finances? You should.
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Elevating the Role of Health Savings Accounts

Should you think of a health savings account (HSA) as a retirement account — just like you think of a 401(k) plan or an IRA? According to a new study (PDF) by the consulting company Willis Towers Watson, the answer is an
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A Position of Financial Strength

The New York Times recently ran a series of charts designed to sum up 2020 economically. They showed how the pandemic has impacted employment, wages, home prices, and more. But one of the most striking charts about what
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SMI on the Radio: Retirement Savings in a Time of Super-Low Interest Rates (audio & transcript)

Historically, retirees have sought the safety of bonds for much of their retirement savings. But with bonds yielding so little, what's a retiree (or near-retiree) to do?
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Finding Better Savings Rates

As detailed in our October issue, money-market mutual funds have fallen on hard times. That's a shame. Here's a quick primer on money funds from The Sound Mind Investing Handbook: [You can lend your money to] "big time"
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Where to Keep Your Savings: The Time/Money Trade-Off

Money-market funds aren’t what they used to be. Not that long ago, they were paying about 2.5%. I should know. Because of that great rate, and in the interest of simplifying our household’s financial life, in the spring of
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Past Their Prime? Tough Times Return for Money-Market Funds

Money-market funds are no longer attractive alternatives for your savings. And they're not likely to be good options again any time soon.
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When a “Bucket Strategy” Shines

If you're retired, or close to retirement, having plenty of cash on hand allows you to take a bear market in stride. You can calmly wait for your stock-based investments to recover.
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Setting an Emergency-Savings Target

By protecting you during life's short-term financial storms, a well-funded emergency reserve helps ensure your longer-term financial well-being.
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