Internet banks have become a popular place to stash money that we don’t want to invest and may not need for everyday use. The original attraction of the online banks was that they paid higher interest rates on savings and money market accounts than we could find at traditional local brick and mortar banks. That is no longer the case. Some local and community banks now offer rewards checking accounts that pay interest at rates that are two or three times higher than an online savings account or even a typical CD rate. You just have to know where to find them. I can help. Read more
I love when technology can save me time and money at the same time. I’ve found a new online site to help boomers find the best deal when shopping for electronics products. Read more
The markets continue to fall and nothing the President says or does is helping. The investing news for baby boomers cannot get much worse. I don’t even want to calculate the market returns and time that will be needed to bring our retirement nest egg back to where it was a year ago.