Your retirement is approaching, ready or not. Here is how to catch up if you are not quite where you hoped to be.
Advertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission, but it never affects the products or services we recommend. Retirement is meant to be a new chapter, but for many, it comes with uncertainty. You are not alone if you are getting close and feel financially behind. Whether your savings are not where you planned…
Surprise Mom with creative gift ideas she’ll actually use, no matter how much you want to spend.
Advertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission, but it never affects the products or services we recommend. Mother’s Day can be meaningful without being expensive — or feeling like an afterthought. Whether you’re working with $20 or splurging on something grand, you can still surprise her with a gift that’s thoughtful…
Learn which states still tax Social Security benefits and how that extra bite could impact your retirement budget — plus what you can do about it.
Advertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission, but it never affects the products or services we recommend. For retirees living on fixed incomes, taxation of Social Security benefits can significantly impact their financial well-being. While most states spare retirees from paying taxes on these crucial benefits…
Health Savings Account contribution limits are increasing for 2026, giving you more opportunity to leverage one of the most tax-advantaged investment vehicles available.
Advertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission, but it never affects the products or services we recommend. The IRS has announced new contribution limits for Health Savings Accounts in 2026, giving savers more room to stash away tax-advantaged money for healthcare expenses. These changes matter if you’ve been maxing out your…
Credit pressures are mounting for thousands of veteran homeowners as the VA ends a program that helped many avoid foreclosure.
Advertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission, but it never affects the products or services we recommend. The federal government just ended a crucial lifeline for veterans struggling with their mortgages, precisely as foreclosure rates across the country begin to climb. The U.S. Department of Veterans Affairs has terminated…
Certificates of deposit (CDs) might seem like a great use of your money, with rates over 4.00% right now. But the truth is, numerous options provide similar or even better returns, which is why you might want to consider the following three reasons to avoid opening a CD in May 2025.
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Some of the best CDs are offering up to 4.65% APY now, a great rate of return. But high-yield savings accounts (HYSAs) are offering up to 5.00% APY — and you don’t have to lock up your money to get it.
Unlike CDs, high-yield savings accounts allow you to make withdrawals whenever you need to, operating just like other savings accounts. Most accounts also have no monthly fees and offer FDIC insurance up to $250,000.
Looking to earn more interest while keeping your money flexible? Check out this list of our favorite high-yield savings accounts available today.
When it comes to short-term savings, the flexibility of HYSAs make them a better pick than CDs. And when it comes to long-term investment, chances are you’ll get a better return in the stock market.
Over the last 30 years, the average stock market return was 9% (as measured by the S&P 500 Index), almost double the rate of the highest HYSAs. Past performance doesn’t guarantee future success, but the stock market is still widely considered one of the best places for long-term investment.
Just getting started with the stock market? Consider opening an IRA and buying an S&P 500 index fund. You’ll be able to invest in 500 of the largest U.S. companies without needing to pick out individual stocks on your own.
If you’re carrying high-interest debt — like debt from a personal loan or a credit card — locking up your money in a CD won’t do you any good. That’s because earning 4% or more on a CD doesn’t come close to the interest or more you’d have to pay on your debts.
The average credit card APR is nearly 22%, according to the Federal Reserve. That means if you still owe money on your credit card at the end of your billing cycle, then investing in CDs is a waste of money. No CD or HYSA will earn you more than the money you’re paying in interest.
Only after you’ve paid off your high-interest debts — and built up an emergency fund — should you start exploring options like CDs, HYSAs, and the stock market.
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