In 2023, Certificates of Deposit (CDs) continue to stand out as a reliable and secure investment option, especially due to their higher interest rates compared to traditional savings accounts. These elevated interest rates serve as a compelling advantage, offering several benefits in today's financial landscape.

Certificates of deposit (CDs) are receipts for funds deposited at a financial institution. The CD entitles you to a set rate of interest plus the amount of your original deposit (your principal) at a specified time called the maturity date.

In times of crisis, you don't want to be shaking pennies out of a piggy bank. Having a financial safety net in place can ensure that you're protected when a financial emergency arises. One way to accomplish this is by setting up a cash reserve, a pool of readily available funds that can help you meet emergency or highly urgent short-term needs.

In 2014, the Stephen Beck, Jr. Achieving a Better Life Experience (ABLE) Act created a mechanism whereby disabled Americans could establish a tax-advantaged savings account, appropriately referred to as an ABLE account, to supplement their lifestyle needs. As defined by the Social Security Administration (SSA), being disabled is described as the inability to do any substantial gainful activity by reason of any medically determinable physical or mental impairment, which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.

Do you ever wonder where your money goes each month? Does it seem like you're never able to get ahead? If so, you may want to establish a budget to help you keep track of how you spend your money

Saving builds a foundation The first step in investing is to secure a strong financial foundation. Start with these four basic steps   Create a "rainy day" reserve Set aside enough cash to get you through an unexpected period of

The decision to start a family is one of the most exciting, and daunting, decisions you can face. As you are swept up in the joy of planning for life with your new child, there are also many financial planning decisions to think about - including budgeting, estate planning, and insurance.

Are health insurance premiums taking too big of a bite out of your budget? Do you wish you had better control over how you spend your healthcare dollars? If so, you may be interested in a Health Savings Account (HSA).

Ask your five year old where money comes from, and the answer you'll probably get is "From a machine " Even though children don't always understand where money really comes from, they realize at a young age that they can

There’s no doubt about it — saving money can be challenging, even when you have a specific goal in mind. Challenging, but not impossible. And the easier you make it, the more likely you are to be successful. Here are a few suggestions that may help.

The U.S. inflation rate was a relatively modest 3% in 2011. But that doesn't mean household budgets weren't squeezed by rising prices. Food prices climbed 4.7%, and energy prices were up 6.6%. Gasoline prices alone rose a whopping 9.9% and

Over the past year and a half, Americans have had to relearn (or learn for the first time) many important lessons about money and finances. They’re the same lessons that parents could — and should — be teaching their children.

Affordable health care has become a hot button issue with many Americans. A relatively new option — the Health Savings Account, or HSA — has both benefits and drawbacks. Here’s a brief look. Who Can Have One? Employers can offer

In 1955, the life expectancy of the average American was 69.6 years. By 1995, it was 75.8 years. Twelve years later, life expectancy reached a new high of 77.9 years, according to the latest information from the Centers for Disease Control and Prevention. While certainly positive, these statistics may only add to the pressure many people already feel about their lack of retirement savings.

 

As you welcome the new year, you’re probably not thinking about the many ways that life could take a turn for the worse. But it could. An illness, a natural disaster, or an unexpected financial setback are only some of