FinanceBuzz

Concerned about the imminent recession? Here's how to prepare effectively so you can remain financially secure in case of an economic downturn.

Panicking Over the Potential Recession? Here's What You Can Do to Prepare

The sooner you open a high-yield savings account, the greater your earning potential could be. While annual percentage yields remain elevated, we’ve seen them falter over the past few weeks as banks anticipated the Federal Reserve’s next move. The Fed chose to hold interest rates steady at last week’s meeting, but banks continue to quietly cut APYs.

Best Savings Rates Today – APYs Falter as Recession Fears Grow, August 6, 2024

There’s still time to maximize your savings with a high-yield savings account earning as much as 5.35% APY. The Fed held rates steady last week, but it’s expected to make a cut as early as September. When it does, savings account APYs will likely follow suit. Today’s top...

Don’t Wait to Grab High-Yield Savings Account Rates as High as 5.35% APY, Aug. 5, 2024

The average interest rate for a standard 30-year fixed mortgage is 6.75% today, a decrease of -0.12% since one week ago. The average rate for a 15-year fixed mortgage is 6.19%, which is a decrease of -0.10% from the same time last week. For a look at mortgage rate movement, see the chart below.

Mortgage Rates Plummet Following Poor Jobs Report. Today’s Mortgage Rates on Aug. 5, 2024

Benefits will rise, but seniors may not be so happy with that increase. Higher earners stand to lose more of their paychecks. It won't be as easy to qualify for Social Security as it was in recent years. A shakeup is coming to Social Security. See what's in store for...

These 3 Social Security Changes Are Coming in January. Prepare Yourself Now.

The Motley Fool

How does your retirement plan balance stack up?

If You've Got This Much Money in Your 401(k), You're Ahead of the Average Saver

Becoming a self-made millionaire later in life requires persistence, tenacity and an ample dose of confidence. But mostly, it’s about taking the right steps. Find Out: 7 Reasons You Should Consider a Financial Advisor — Even If You’re Not Wealthy. GOBankingRates spoke with self-made millionaires Josh Miller,...

I’m a Self-Made Millionaire: 13 Steps I Took To Become Rich in My 50s

You could settle for a 5% return from a CD. But read on for a better way to invest your money.

CDs Are Paying 5%, but Here's How You Can Do Way Better

August's first round of Social Security Disability Insurance checks have already gone out and payments for the next round are set to be sent next week. SSDI is paid on the same day as Social Security payments, and if you're not sure when you're supposed to get yours, we'll fill you in below. Also, if you still haven't received your July SSDI check, here's what you can do.

SSDI August 2024: When Will You Get Your Money?

Social Security benefits could lose buying power for the second straight year in 2025, something that hasn't happened since 2021.

Social Security's 2025 Cost-of-Living Adjustment (COLA) May Do Something It Hasn't Done Since 2021

Tweaking how you pay your mortgage can amount to huge savings. Check out how one writer took years off their mortgage.

I Shaved Years Off My Mortgage in Seconds. Here's How

Seniors Guide

The post Laid Off Right Before Retirement?  appeared first on Seniors Guide.

Laid Off Right Before Retirement?

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Wealthtender

Here’s some of what Tevye of Fiddler on the Roof imagined:. “…If I were a… rich… man; I’d build a big, tall house with rooms by the dozen; Right in the middle of the town; A fine tin roof with real wooden floors below; There would be one long staircase just going up; And one even longer coming down; And one more leading nowhere, just for show…” – Tevye in Fiddler on the Roof.

Where Do Wealthy Americans Put Their Money Now?

With the current election cycle and the continued focus on issues like inflation and the national debt, many people are wondering what will happen with Social Security. While it’s hard to predict what will happen in the long term — and much could change depending on factors such as who wins the election and what happens with the economy — looking at short-term changes to Social Security is generally more straightforward. That’s because Social Security benefit increases follow a formula known as a cost-of-living adjustment (COLA).

What a Middle-Class Social Security Check Could Look Like in 2025

Virginia State

Business Insider

A millennial has been looking for a job since 2020 but can't get hired. He says his college degrees haven't helped him.

A millennial who's been looking for a job for over 4 years says his degrees have offered little value: 'I can't get anything even at minimum wage'

Finleyville, PA

George Dziamniski, 62, leads a "simple" lifestyle that helps him afford the basics.

A boomer lives on $2,600 monthly from Social Security and his Walmart job: 'If I had $1 million, I don't know what I would do with it.'

Set a reasonable net worth goal by comparing where you are now to where you want to be.

Here's How Your Net Worth Stacks Up With the Rest of Americans Your Age

One of the standout features of Google Maps (aside from getting us where we want to go) is Street View -- a first-person perspective tool that features recent photos of streets, buildings, homes and anything else that's visible from Google's ubiquitous camera cars. There are also a lot of practical...

You Might Want to Hide Your Home From Google Maps Street View: Here's How to Do It

San Francisco, CA

After getting laid off by First Republic Bank in June 2023, Tony Woodall started renting out his home and traveling full-time.

I got laid off at 65 and couldn't afford my Bay Area mortgage. Now, I work for myself while traveling the world.

The Independent

Whenever a letter arrives emblazoned with the logo of my pension provider, I feel wracked with anxiety, promise myself I’ll read it later… then shove it in the nearest drawer and forget all about it. I can’t be the only person who’s guilty of doing so. Unless you’re very au fait with your personal finances, this piece of life admin tends to be one part boredom, two parts confusion.But writing off our retirement plans as tomorrow’s problem might mean we’re making an already tricky situation worse for ourselves.Earlier this week, a report from the think tank Phoenix Insights found that...

Millennials and Gen Z beware: People in their fifties have serious pension problems. You could be doomed

NewsBreak

The Economy Isn’t ‘Falling Off a Cliff.’ Here’s How to Prepare for What’s Next

Panic flooded the stock market on Monday in response to a weak jobs report and heightened fears of a US recession. With news of the unemployment...

The Economy Isn’t ‘Falling Off a Cliff.’ Here’s How to Prepare for What’s Next

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