Fixed-rate annuities act much like bank certificates of deposit but usually pay much higher rates than CDs of the same term. How can insurers afford to do that? After all, both banks and insurers pay a set rate. Before we answer that question, let’s cover the basics of how each works. A very popular type… Continue reading Why Fixed-Rate Annuities Pay More Than Bank CDs
Tag: saving money
7 Ways to Save on Gifts Cards for the Holidays
There’s a disconnect between shoppers and gift recipients this holiday season. According to a survey conducted for the National Retail Federation, consumers plan to spend less on gift cards this year compared to last year. However, gift cards top holiday wish lists for the ninth year in a row, making them the most popular present… Continue reading 7 Ways to Save on Gifts Cards for the Holidays
Seven Price Hikes – and How to Save in Spite of Them
When headlines announce price hikes for coffee and chocolate, consumers tend to get frazzled. However, dishing out a few extra cents on these indulgences doesn’t create a major financial burden. When expenses like healthcare and bank fees rise, everyone needs to perk up and learn how to protect personal and family finances. Here are seven… Continue reading Seven Price Hikes – and How to Save in Spite of Them
Don’t Fall for These 7 Black Friday Gotchas
Black Friday is less than two weeks away and with it comes all the deals and drama that shoppers either love or loathe. If you’re among those who plan to partake in this shopping event, whether in-store or online, don’t fall for these 7 common Black Friday “gotchas.” 1. Derivative products. Some products are manufactured… Continue reading Don’t Fall for These 7 Black Friday Gotchas
Working Out A Safe Money Strategy
As people creep into the retirement “red zone” – those years just before or right after they retire – it becomes more important than ever that they find ways to keep their savings safe. Because at that point, their retirement picture will change significantly only if they lose a lot of money, says Chris Bennett,… Continue reading Working Out A Safe Money Strategy
The “Stuff” Alternative: Why Experiences Make the Best Gifts
Every year after the stressful holiday gift-giving frenzy ends, we’re usually left with a heap of “stuff” we didn’t ask for, don’t know what to do with, and/or don’t really want. Meanwhile, our bank accounts are in acute distress because we’ve overspent on gifts for all the people on our lists. Sure, we all have… Continue reading The “Stuff” Alternative: Why Experiences Make the Best Gifts