A common mistake when saving for retirement is to focus all your mental energy on one number: your nest egg. But while a large 401(k) and IRA balance is essential, it’s not a complete plan. Without an emergency cash reserve, unexpected expenses can derail your retirement strategy, forcing you to sell assets during market downturns … Read more
Rawpixel/Envato Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Consumer confidence fell sharply in November, falling to its lowest point since April, when concern about President Trump’s tariffs fueled economic anxiety (1). Possibly as a result, the Americans pulled back on spending. A delayed report from the … Read more
COLA 2026 was announced at 2.8% in October 2025. Fed projections suggest a potential COLA for 2027 in the range of 2.3% to 2.6% if CPI is slightly above PCE. Retirees who rely on interest income from CDs and savings accounts have seen their earnings drop after recent rate cuts. If you’re thinking about retiring … Read more
UK households are often looking for ways to make their money go further amid the cost of living crisis, and savings accounts can help after an Autumn Budget that increased taxes. The Bank of England’s (BoE) decision to keep interest rates at 4% in November was good news for savers as this influences the rates … Read more