Personal Finance Money Tips

Personal finance tips on budgeting, saving money, reducing taxes, earning more interest to grow your savings, and more.

Can You Add Money to a CD?

Understanding CDs and Their Limitations Certificates of Deposit (CDs) are an excellent choice if you want to earn a higher interest rate on your savings than regular savings accounts. However, a common question is whether you can add more money to an existing CD. Generally, the answer is no. Traditional CDs lock your initial deposit…

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The Best Guaranteed Return Investments

What are Guaranteed Return Investments? Guaranteed return investments promise a specific return rate over a set period, providing a reliable income stream regardless of market conditions. These investments are ideal for risk-averse individuals seeking stability and predictability in their financial planning. Types of Guaranteed Return Investments 1. Government Bonds: Government bonds are low-risk investments in…

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How To Make Money In A Bear Market

Understanding Fixed Index Annuities (FIAs) in Bear Markets What Are Fixed Index Annuities? Fixed Index Annuities (FIAs) are unique financial products designed to protect and grow retirement savings. In bear markets, where investment prices fall by 20% or more from recent highs, FIAs offer a secure method for protecting retirement savings. These annuities provide a…

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Are CDs Worth It?

Understanding Certificates of Deposit (CDs) What is a Certificate of Deposit (CD)? A Certificate of Deposit (CD) is a time deposit account that banks and credit unions provide. When you invest in a CD, you agree to leave your money deposited for a fixed term, ranging from a few months to several years. In return,…

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Tax Diversification In Retirement

Tax Diversification Calculator A tax diversification calculator evaluates how investments are spread across various tax-advantaged and taxable accounts, helping individuals optimize asset location for tax efficiency throughout their financial lifecycle. What is Tax Diversification? Definition and Importance Tax diversification is the strategy of distributing your investments across various types of accounts that are taxed differently,…

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