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Savings

Can I retire on a million dollars?

Richard Barrington

Inflation can have a devastating effect on savings over the long run, so be sure to set your retirement savings goals accordingly.

Low fed funds rates cost consumers over $1.3 trillion

Richard Barrington

Federal Reserve interest rate policy may have bailed out the economy after the Great Recession, but savers who don't fight back continue to lose ground against inflation to this day. Here's what you can do to stay ahead.

Interest rates surge despite Fed’s inaction

Richard Barrington

Rates on deposit accounts and mortgages may continue to rise despite the Fed's recent decision to keep its rate target unchanged. Here is what consumers can do to reap the benefits now.

Things to pay for by changing your bank

Richard Barrington

Fed rate increases not helping consumers

Richard Barrington

The Fed continued pursuing a policy of rate normalization -- but, so far, consumers only find better interest rates on mortgages, CDs and savings accounts if they shop.

3 ways to profit when market rates outpace the Fed

Richard Barrington

Sometimes the Federal Reserve adopts a wait-and-see approach to raising the federal funds rate. Here's how investors, home-buyers and savers could profit when market rates rise faster than Fed rates.

December Fed update: Fed rates rise, but bank rates may be rising faster

Richard Barrington

The Fed raised interest rates for the third time in 2017, but some savings account rates have been rising even faster.

Where do your finances stand this holiday season?

Richard Barrington

Thanksgiving and the holiday season is a good time to look at your finances; see how you can tell which elements of those finances are blessings and which are turkeys.

Is weakening job growth behind Fed's decision to not raise bank rates?

Richard Barrington

The Fed's latest statement dismisses recent negative economic trends as being due to the harsh hurricane season, but their inaction on rates speaks louder than words.

Underbanked? How to Find the Best Bank Account for You

Richard Barrington

Find out why millions of Americans do not have a bank account, how this is costing them, and what they can do about it.

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