Savings

‘I want to stem the shrink.’ I’m 66 and my Social Security check is only going to be about $1,000 a month. My only savings is in a 401(k) that is ‘currently shrinking weekly.’ Should I get professional help?

‘I want to stem the shrink.’ I’m 66 and my Social Security check is only going to be about $1,000 a month. My only savings is in a 401(k) that is ‘currently shrinking weekly.’ Should I get professional help?

Do you need a financial adviser? Getty Images/iStockphoto Question: I’m trying to determine if seeking a financial advisor is warranted for a 66-year-old senior whose only savings is in a 401(k) and currently shrinking weekly. My husband is a retired teacher so we do have his pension, but he didn’t pay into Social Security for …

‘I want to stem the shrink.’ I’m 66 and my Social Security check is only going to be about $1,000 a month. My only savings is in a 401(k) that is ‘currently shrinking weekly.’ Should I get professional help? Read More »

Rossen Reports: This store will replace broken school backpacks

Rossen Reports: This store will replace broken school backpacks

Pencils, pens, folders, binders, sanitizer, paper towel, disinfecting wipes — Parents across the country are doing a doubletake as they read their child’s hefty school supply list.Now that we’re back into the swing of school supply shopping season, it’s time we pull out the best money-saving tricks to save you major cash. #1: Use the …

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‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard

‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard

The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services.  While economists say raising the interest rate will help cool consumer demand and hopefully ease record-high inflation, it will also raise the cost of borrowing for everything from houses …

‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard Read More »

Head to Best Buy to shop competing Amazon Prime Day deals on must-have tech from HP, Sony and more.

Shop Prime Day-level savings on top-tier tech

— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission. Amazon Prime Day 2022 is finally here and Best Buy is getting in on the fun with an impressive lineup of deals that meet or beat Amazon’s uber-low prices. During the Black Friday in July sale the retailer is …

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‘I’m out millions of dollars’: Thousands of crypto investors have their life savings frozen as Voyager files for bankruptcy protection

‘I’m out millions of dollars’: Thousands of crypto investors have their life savings frozen as Voyager files for bankruptcy protection

Robert first came across Voyager Digital in March 2020. Like countless others, he decided to give the cryptocurrency broker a try. The platform was easy to navigate. It offered him an up to 9% annual percentage yield (APY)—much higher than a traditional savings account. It claimed to be FDIC (Federal Deposit Insurance Corporation) insured. And …

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HP 4th of July Sale Is Live Now: 10% Off Coupon Code and Incredible Savings on Gaming PCs and Laptops - IGN

HP 4th of July Sale Is Live Now: 10% Off Coupon Code and Incredible Savings on Gaming PCs and Laptops – IGN

HP is hosting its annual 4th of July Sale, complete with some incredible discounts on several of their latest model gaming desktop PCs and laptops equipped with the newest Intel Alder Lake CPUs and GeForce RTX 30 series video cards. To make the deal even sweeter, there are even tiered 5% off and 10% off …

HP 4th of July Sale Is Live Now: 10% Off Coupon Code and Incredible Savings on Gaming PCs and Laptops – IGN Read More »

A common retirement strategy can erode your IRA savings, Pew report finds

A common retirement strategy can erode your IRA savings, Pew report finds

Individual retirement accounts, or IRAs, are the dominant retirement account in America today. Nearly 4 in 10 Americans have one, and, as of last year, these accounts held $13.5 trillion in total assets, according to Alicia Munnell, director of the Center for Retirement Research at Boston College.  But those would-be retirees are losing billions of dollars …

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'It's like going to the DMV online': What to know about buying Series I savings bonds via TreasuryDirect

‘It’s like going to the DMV online’: What to know about buying Series I savings bonds via TreasuryDirect

Eakgrunge | Istock | Getty Images There’s been record demand for federal Series I savings bonds, an inflation-protected and nearly risk-free asset, offering an eye-popping 9.62% annual return through October. However, it’s not easy to buy I bonds through TreasuryDirect, a 20-year-old platform run by the U.S. Department of the Treasury, financial advisors say.  “It’s …

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Investors criticize federal retirement savings program over new system

Investors criticize federal retirement savings program over new system

Placeholder while article actions load Three weeks after the retirement savings program for millions of federal workers switched to a new operating platform, lawmakers are demanding answers as investors report widespread problems. Complaints have flooded social media, and messages have poured into congressional offices from investors describing being unable to sign into their accounts, long …

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