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The Best & Worst States for Saving Money

Good luck growing your nest egg with the rates the average savings account pays in Personal-Finances-and-SavingsAmerica!

Here are the best and worst states for saving money. Take a look – and weep!

 

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2. Dire Implications for the +25% of American Workers Using Retirement Savings Accounts to Meet Current Expenses

More than 25% of American workers (33% of those in their 40s) with 401(k) and other retirement savings accounts use them to pay current expenses, new data show, [which is] undermining already shaky retirement security for millions of Americans. With federal policymakers eyeing cuts to Social Security benefits and Medicare to rein in soaring federal deficits, and traditional pensions in a long decline, retirement savings experts say the drain from the accounts has dire implications for future retirees. Words: 890 Read More »

3. The Top 5 States Residents Are Fleeing Due To Financial Repression (Increased Taxes)

The past few years have really put the squeeze on cash-strapped states to find new sources of revenue. This environment has generated a level of tax aggression from certain states, which in turn has resulted in a net loss of revenue instead of the intended gain. Residents have begun voting with their feet, deciding to move out of the state instead of thinning their pocket through unwanted taxation. So which states are chasing away their residents? How does it impact you if you live in one of them? We track migratory patterns through our residency product data, and while some of the states are no-brainers, others may surprise you. [Take a look.]  Words: 691 Read More »

4. Protect Your Bank Account Balance From Increasing Cyber Attacks – Here’s How

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Where abroad? In Scandinavia. Why?  To seek refuge from currencies like EUR, USD, CHF, and GBP and diversify your political risk and secure your savings. How? Read on.  This article explains why countries and specific banks in Scandinavia deserve your consideration as safe and reliable places to stash some cash abroad. Read More »

6. Didn’t You Know? You’ve Already Agreed to Let Banks Freeze or Seize Your Deposits Under Certain Circumstances

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Posted by on November 7, 2013, With 0 Reads, Filed under Life, Personal Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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