Where should Americans keep cash now that the Fed is cutting rates? The answer is a lot simpler than you think
In September, the Federal Reserve Open Market Committee delivered a long-anticipated cut to the federal funds rate. The benchmark interest rate is now in the range of 4%-4.25%. The board also signalled further rate cuts ahead, and the market now expects the rate to drop as low as 3.25%-3.50% by 2026, according to Morningstar. [1] […]
New scam targeting airline passengers, results in a reported “influx” of fraud. How it works and why your baggage tags are key
“Toss your bag tags at home!” was the subject line of a recent Reddit post by someone who claimed to know their risks as a Delta Airlines baggage claims manager. They warned that Delta is “getting an influx of fraudulent claims” where scammers use the information from discarded airline baggage tags — the adhesive ones […]
A major subprime auto lender suddenly collapsed — raising concerns about this multi-billion dollar market. Here’s how it could impact borrowers
Subprime auto loans — loans for borrowers with bad credit or no credit history to help them buy a car — are big business in the U.S. According to Kelley Blue Book, citing Cox Automotive data, subprime loans accounted for 13.6% of auto loans issued in August. (1) Bloomberg estimates the subprime auto market to […]
My husband’s 21 years older than me and plans to leave his entire $3M fortune to me. How do we tell his 3 financially unstable adult kids?
This article adheres to strict editorial standards. Some or all links may be monetized. Estate planning is one of the most important financial tasks you will undertake in your lifetime. However, according to LegalZoom, only 45% of Americans have created the documents required. Must Read Thanks to Jeff Bezos, you can now become a landlord […]
Morgan Housel says real estate is still a cornerstone of the American dream — but it’s also the root of the US’s ‘biggest social problems.’ Here’s why
For generations, buying a home has been stitched into the fabric of the American dream like Betsy Ross stitching stars onto the first flag of the nation. It’s more than just four walls and a roof — it represents stability, independence and the financial security people hope will compound with time. Must Read Thanks to […]
Venus Williams says she was driven back to the court over health insurance woes — why many Americans choose to keep working than use COBRA
When Venus Williams was asked by a reporter why she had come back to participate in (and win) her first singles tournament in 16 months, she smiled and said to her adoring fans, “I had to come back for the insurance because they informed me earlier this year I’m on COBRA. So I was like, […]
I just bought my dream home, only to discover it’s infested with bats. There’s evidence the sellers knew — who has to pay?
Buying a house is a milestone for many people. But what happens if you discover you’re sharing your new space with hundreds of bats? This scenario is more common than you might think and can quickly turn into a headache. Bats pose health risks, can cause damage and are not the kind of thing a […]
My husband and I, both 40, feel like we’re falling behind on retirement savings. We’ve got $50K — what should we do besides maxing out our 401(k)s?
If you’re like many hardworking Americans, you’ve spent years faithfully contributing a portion of your paycheck to a 401(k), watching your retirement savings gradually grow. By the time you hit your 40s, it might feel like you’re on track to retire at a reasonable age. Must Read Thanks to Jeff Bezos, you can now become […]
Ray Dalio warns America is heading into very, very dark times — but has 1 big move to ‘dramatically’ cut risk without losing gains. Are you exposed?
This article adheres to strict editorial standards. Some or all links may be monetized. We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. America has long been the world’s dominant economic power. Yet, Ray Dalio, founder of the […]
This mom commuted 3 hours daily, barely saw her kids — until she ‘Googled’ how to repair cars and now earns over US$400K annually. How to build your own DIY empire
After 10 years of building her career as a medical assistant in Atlanta, Georgia, Desiree Hill felt trapped. Not only was she earning only US$38,094 a year, but the job was getting increasingly stressful. “It was long hours,” she told CNBC Make It. “It was three hours of commuting in Atlanta traffic everyday and I […]