Money, Savings | featured news

A two-income American family with an average income that dutifully invests in a 401(k) plan using typical strategies will lose $155,000 – or about 30 percent of what they should have saved for retirement -- to Wall Street fees, according to a study by an economic justice advocacy organization.

Today's seniors can't just stay in today's low-return fixed-income products because rates on money market accounts and CDs won't even keep up with inflation. But there are options.

Certificates of Deposit are fairly easy to lock into these days, but pulling your money out before your slightly-better-than-savings fund is due can eliminate all the benefit. One personal finance...

These savings accounts offer high interest rates and don't require a lot of cash to get started.

A woman in Tel Aviv, Israel, gave her elderly mother a new mattress as a surprise gift, throwing out the old tattered bed her mother had slept on for decades. The gesture ended up bankrupting Annat's mother, who had stuffed her savings of nearly $1 million inside her old bed for decades, Annat told Israel Army Radio.