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Category: Savings Accounts

Financial Regrets: Most of Us Have a Few

Many U.S. adults wish they had done things differently with their finances. That’s the key take-away from a new national survey from the personal finance site, NerdWallet. Specifically, 71% said they have financial
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Health Savings Accounts Grow in Popularity, Benefits Underutilized

The use of Health Savings Accounts (HSAs) is growing rapidly, but users are not taking full advantage of all that the accounts have to offer. Those are some of the key findings in the Employee Benefit Research Institute’s
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At Long Last, Rates for Savers Begin to Rise

The Fed’s latest interest-rate increase, continuing a rate-hike pattern started in December 2015, is nudging rates higher for savings accounts, money-market accounts, and certificates of deposit. Rates paid on savings
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SMI on the Radio: The Wisdom and Foolishness of Saving Money

SMI Executive Editor Mark Biller is on the radio this weekend with Rob West and Steve Moore of Compass – finances God’s way. Their conversation takes a closer look at saving money — how much is too little and how much is
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SMI on the Radio: Investing with the Long-Term in Mind

One key to becoming a successful investor is to "keep your eyes up and [looking] over the horizon" — as SMI Executive Editor Mark Biller explains on today's MoneyWise radio program. Only by maintaining a long-term look
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The Wisdom and Foolishness of Saving Money

When it comes to guidance about saving money, the Bible uses the word “fool” to describe two extremes — not saving anything and saving too much. In the first case, we’re told it’s foolish not to save: “In the house of the
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Keys to Teaching Your Kids to Save

Of all the things a kid (or we adults, for that matter) can do with money, saving it may be the most boring. Spending, of course, is fun. Investing and giving can be exciting as well. But saving money is all about setting
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Improve the Return on Your Savings With a “CD Ladder”

Looking for higher interest rates for your savings? Join the club. Rates on savings continue to scrape the bottom of the barrel. Even with the Federal Reserve announcing in December its first interest rate hike since the
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Various Takes on the Fed's Failure to Raise Rates

As is usually the case, opinion is all over the lot as to the wisdom of the Federal Reserve's decision to keep short-term interest rates at near zero levels. Here are links to (and brief excerpts from) some of the more
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Understanding the Important Difference Between “Yield” and “Total Return”

Yield and total return are concepts SMI has historically discussed in relation to bonds or other savings vehicles. But because our Dynamic Asset Allocation (DAA) strategy recently presented a scenario involving these
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