You probably know that it's important to actively save for retirement rather than rely on Social Security alone to fund your senior years. Those benefits only pay the average retired worker about ...

There's a big reason CDs have been so popular this year. It's pretty easy to lock in a CD at a rate of 5%, which is a pretty good return on a risk-free investment. All you need to do to not lose money ...

Hanna Horvath is a CERTIFIED FINANCIAL PLANNER™ and Red Venture's senior editor of content partnerships. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc.

While high inflation and corresponding interest rates have negatively affected many people's finances, one benefit has been that savers can earn more interest without having to take much risk. For ...

It often pays for retirees to put money into CDs. I'm not close to retirement, so I'm more focused on stocks these days. CDs are a good option when saving for near-term goals, not long-term ones. The ...

In 2022 and 2023, the Federal Reserve raised interest rates numerous times in an effort to cool inflation. That's resulted in higher borrowing costs for consumers, which isn't a great thing. But on ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Rajeev Dhir is a writer with 10+ years of experience as a journalist with a ...

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or ...

With certificates of deposit now paying around 4% and even higher, many near-retirees are staring at their old sub-3% mortgages and wondering whether to wipe them out or stash extra cash in safe, ...