If you are considering opening a new savings account or deposit certificate (CD), you know how the Fed’s decisions influence your interest profits over time is key to making an informed decision on where to put your money. The Federal Open Market Committee (FOMC) will hold its next meeting on June 17-18, 2025. During this … Read more
The number of retirement savings sitting per million dollars or more in their 401 (K) S, 403 (B) S or Iras retired last year. The 401 (k) group created millionaires jumped by 27% in 2024, increasing from 422,000 to 537,000, while the number of millionaires created by IRA increased by 8% compared to the year … Read more
Savings accounts help you make money and prepare for financial rainy days. They also protect your savings from loss due to bank failures, fire, theft and more. But if you earn interest on a savings account, there is one drawback: taxes. For most savings accounts, IRS takes some of the interest you earn. With what … Read more