About WiserAdvisor University
WiserAdvisor University is designed to provide you with
high-quality information about investing and finance straight
from those who know best: financial professionals.
The University includes hundreds of informative articles on
dozens of topics of interest to individual investors like you.
If you find an article informative and would like to be contacted
by a financial advisor, we encourage you to fill out our simple form.
The WiserAdvisor service is free, objective, accurate, and confidential,
and will match you to qualified financial advisors who can help you reach your investment goals.
About WiserAdvisor.com
WiserAdvisor.com is an independent and unbiased matching service designed to help individuals find the best financial advisors for their unique needs.
This easy-to-use system prides itself on its simplicity and accuracy. After you fill out a simple form, our algorithms search through the thousands of advisors in our system and provide you with up to three advisors who are best able to help you accomplish your goals.
|
|
|
|
Other Articles
|
|
|
|
|
Annuities
Supercharge Your Savings Account
By Wayne Michael Lottinville, CFA
Chief Investment Officer, Cascadia Investment Consultants
"Let me tell you about the very rich," F. Scott
Fitzgerald once said. "They are very different from
you and me."
Ernest Hemingway famously replied, "Yes, they
have more money."1
It’s one thing to risk it all in the stock market. But
it’s quite another to allow our savings to languish
unproductively when we could be putting them to
work generating much higher, yet completely safe,
returns. Are you one of those people who has a
sizable checking or savings bank account, money
just sitting there, returning next to nothing?
Yes, I love my local credit union, but as a storage
place for cash, it is woefully inadequate. Interest
rates on its savings accounts are a pitiful 0.25%, and
its money market accounts pay just 0.50%.
You and I can do better—much better. Online
banks are now offering interest rates as high as
3.25% on the once-humble savings account, and
balances up to $100,000 are FDIC insured. There are
no fees and no minimum balance requirements.
Check out ING Direct (www.ingdirect.com), which
pays 2.8% on savings accounts, or Emigrant Savings
Bank (www.emigrantdirect.com), which pays 3.25%.
With a little luck, the additional interest might boost
our savings just enough to help us imagine that we
are among “the very rich.”
1 Apparently this legendary conversation never took place.
Instead, the authors wrote these words several years apart.
Click here to submit request>
Go Back to Topic Page>
If you are an advisor and would like to see your articles published, click here
Article reprinted by permission. Unauthorized reproduction of content prohibited.
|
|
|
|
