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Category: Savings Accounts

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 Tradeoff

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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Strange Market Behavior Surrounds Fed’s Second Rate Cut

The Federal Reserve cut the Federal Funds rate yesterday by a quarter-point to a range of 1.75%-2.00%. This was the second rate cut in just seven weeks and was a bit controversial, even within the voting members of the
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Retirement Planning for Singles

Being single puts the responsibility of preparing for your later years squarely on your shoulders, especially if you don’t have adult children. So you need to have a plan.
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Banking With Your Church

Some Christian denominations offer savings-type accounts, then use the money from savers to make low-interest loans to denominational churches, seminaries, and missions organizations.
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In Pursuit of Better Savings Account Yields

In our household, we recently made some changes in where we keep our savings that I thought might be of interest.
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