Savings

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Emergency fund in retirement

Jun 29, 2012
Your most recent program discussed the amount and kind of emergency funds needed for people working. My question is what those of us who are retired should consider for emergency funds. William, Schenectady, NY
Posted In: emergency savings, Savings, Retirement, retirement spending

Fewer Americans saving for emergencies

Jun 25, 2012
A new study says almost half of Americans don't have enough saved to cover three months expenses, up slightly from a year ago.
Posted In: emergency savings, Savings

Global turmoil and retirement planning

Jun 13, 2012
What should investors -- especially those in their 50s and 60s -- do with their already diminished retirement savings?
Posted In: retirement savings, Investing, Savings, inflation, Economy

A bleak household financial picture

Jun 11, 2012
The financial toll on families from the dreadful economy of recent years is enormous.
Posted In: debt, Savings, net worth, family finances, student loans

Why cash may be king -- for now

Jun 6, 2012
I have $30,000 and want to know where best to put it. Ultimately, I want to put it away for my three boys' futures. I want it to make something, however slowly, without risk. But, 0.4 percent? Is that really the best I can do? Joanna, Hammond, IN
Posted In: mortgage, mortgage refinance, Savings, safe savings, Personal Finance

Emergency Fund 101

May 21, 2012
How do you recommend investing funds in an emergency savings account? Peter, Cherry Hill, NJ
Posted In: emergency savings, Savings, family finances, budget

Cash flow liberated by refinancing

May 18, 2012
My wife and I recently refinanced our home. We paid off the home equity line and the existing mortgage, and now our monthly payments are $500 less than they were previously. What should we do with these savings? Thank you. Jeff, Amherst, MA
Posted In: Savings, refinancing, retirement savings, student loans

Savings strategies after locking in a low rate

May 11, 2012
My husband and I just refinanced our house at a great rate (15-year fixed mortgage at 2.875 percent). Our house payment is low and we can afford to pay more each month. Would the best use of our money be to pay down the principal on this low-interest loan or put extra away for retirement or for our children's college fund? We have two young children and are in our late 20s/early 30s. Thanks for your help! Katie, Helena, MT
Posted In: Savings, college savings, mortgage, retirement savings

A college graduate and savings

May 9, 2012
I am a 25-year-old college graduate with approximately $27,000 of student debt. I have been unable to find a job since graduating and am making $1,000 a month, give or take. I now have $1,500 in my checking and $1,000 in savings. This is the most money I have had at one time and am unsure how best to utilize it. My savings account is for emergencies. My budget allows for $150 a month of disposable income. Should I contribute what remains of my disposable income to the loans, save it or try to invest it? I am currently paying $100 a month to the loans to maintain activity. Thank you for your time. Nathaniel, Raynham, MA
Posted In: college graduate, job market, Savings, student loan repayment options

Are Americans saving or spending?

May 3, 2012
Gallup reports on its latest findings: What Americans are doing with their money.
Posted In: Savings, spending

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