Presidential election outcomes can, in some cases, affect the broader economy. Prior to the Federal Reserve Board’s most recent rate drop at their September 2024 meeting, Goldman Sachs analysts highlighted two possible scenarios based on potential shifts in leadership. In one, the economy could slow down, which might lead the Federal Reserve to lower interest …
Should You Open a CD Before or After 2024 Elections? Read More »
As we navigate through the ever-changing financial environment, the Federal Reserve Board announced at their September meeting that they are dropping rates by half a percentage point. Leading up to their announcement savers have been securing high-rate CDs. In September, over 15% of CD shoppers searched for 6-month CDs on CD Valet. With the yield …
Retirement planning is about making strategic decisions to minimize taxes and maximize your savings. Individual Retirement Accounts (IRAs) are powerful tools for achieving this goal, offering unique tax advantages that can significantly enhance your nest egg. Here’s how IRAs can minimize taxes on your retirement savings and recent updates on Required Minimum Distribution (RMD) requirements …
How IRAs Can Minimize Taxes on Your Retirement Savings Read More »
As interest rates fluctuate, savers are often left wondering when the right time is to lock in a rate with a Certificate of Deposit (CD). With the Federal Reserve signaling potential rate cuts, waiting to open a CD could mean missing out on the higher CD rates available today. Here’s why acting now might be …
The Advantages of Opening a CD Today: Don’t Miss Out on Higher Rates Read More »
Opening an Individual Retirement Account (IRA) CD is a significant step toward securing your financial future. Whether you’re planning for retirement or simply looking to diversify your savings, understanding the essentials of opening an IRA CD is crucial. What is an IRA CD? An IRA CD is a tax-advantaged account designed to help you save …
As the Federal Reserve strongly hints at impending interest rates this September, millions of consumers with maturing Certificates of Deposit (CDs) are facing decisions that will impact their financial returns. With CDs, savings accounts, money markets, and other liquid savings positioned to see lower returns, now is the time for savers to evaluate their cash …
Beat the Rate Cut: How a CD Can Maximize Your Savings in a Changing Economic Landscape Read More »
Individual Retirement Accounts (IRAs) are essential for building a secure financial future. They offer tax advantages that can significantly enhance your savings over time. Choosing the right type of IRA depends on your financial goals, tax situation, and income. Traditional IRA A Traditional IRA allows you to contribute pre-tax income, which can lower your taxable …
