MoneyRates Blog
You Could Become the Face of Financial Responsibility
GetRichSlowly.org is sponsoring a video contest for people who have positive personal financial stories to tell. If you have such a story and an idea for a clever video, you could win $500 in the contest — and give others the benefit of your knowledge.
The contest is especially timely in light of two recent polls that [...]
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If You Don’t Know Where You Are Going, You’ll Never Get There
There was no shortage of discouraging news in the latest survey by the Employee Benefit Research Institute (EBRI) regarding the retirement preparedness of Americans. Still, perhaps what stood out most was this statistic: less than half of U.S. workers have calculated how much money they will need for retirement.
That fact may strike you as shocking [...]
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Do You Have a Plan for Your Savings Rate?
When a recent poll by MoneyRates.com and GetRichSlowly.org showed that 52% of respondents felt their retirement savings were not on track, it wasn’t a complete surprise. This has been a challenging environment. A weak job market has caused many household incomes to take a hit. The stock market has been little help to investors for [...]
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Renewed Attention on Savings Rates
National Save for Retirement Week starts October 18th, and it is a good reminder for Americans to take more personal responsibility for their savings rates.
Underlying many of the hard-luck stories from the recent financial crisis is a consistent theme: too many people exposed themselves to possible setbacks by not building up enough of a savings [...]
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Strength of FDIC Fund Could Affect Bank Rates and Security
It has been widely reported that the FDIC’s deposit insurance fund has been rapidly declining, raising concerns that it might require special funding soon to support the growing number of banks classified as troubled. In response, the FDIC has publicly clarified its accounting to show that the fund is not actually declining nearly as rapidly [...]
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Black Swans and Savings Rates
Sometimes scientists are confounded. Take the black swans for example. When they were discovered in Western Australia it was considered an impossibility. One day there was no such thing as black swans and the next day there they were. Today the term ”black swans” refers to major unpredicted events. September 11, 2001 is an example. Although the events leading up [...]
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Rates on U.S. Savings Bonds Set to Go Down
The Treasury Department is scheduled to reset rates on the Series EE Savings Bond and the Series I Inflation Bond on May 1. It is safe to say that the new rates are not likely to generate a lot of interest from rate-savvy investors. That’s because short-term interest rates and inflation are low right now, which [...]
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COLLEGE SAVINGS
Independent 529 plans offer parents the chance to pay for college in the future at today’s price which can lead to large discounts on future costs. The program co-sponsored between Independent 529 plan and TIAA-CREF allows allows you to prepay tuition today that your child can use later at any participating college. This program protects [...]
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