Having grown up in poverty, I tend to avoid risks. At 59, I have $575K in my 401(k), $350K in CDs, and $125K in cash. Am I in a good place for retirement?
After spending 27 years at a single company, I retired last December at the age of 59 and now have access to my 401(k). My salary has been roughly $100,000 annually, with bonuses that fluctuate. My husband is also retired and receives Social Security but still has insurance coverage. We own our home and car […]
A Bank Enforced Tougher Rules for Cash Deposits, But One Customer Discovered a Smart Solution in the Details
Frustration Over Bank Policies Ah, the annoyance of banking policies, right? It seems they can change on a whim without much explanation. So, here’s the story of someone who decided they’d had enough. Let’s dive into what unfolded. “I’ve been banking with the same institution for over 15 years. They have a couple of family-run […]
The 3 Most Trustworthy Monthly Dividend ETFs for Ongoing Cash Flow
The JPMorgan Equity Premium Income ETF (JEPI) provides an 8.37% yield through a combination of large-cap stocks and short options. With a net worth of $41.32 billion, JEPI has significant investments in companies like Nvidia, Alphabet, and Microsoft. The Global X SuperDividend ETF (SDIV) offers a higher yield of 9.72% by investing in the top […]
New Ohio law may mandate Walmart and Costco to accept cash as payment
Ohio residents might soon find themselves able to shop in a more retro fashion, reminiscent of 1999, thanks to a proposed CASH bill. If passed, this legislation would mandate businesses and government agencies to accept cash for transactions up to $500. Under this bill, at least one location for cash transactions must be provided by […]
Suspects in ATM jackpotting case take $175,000 in cash during theft, according to police
Authorities are currently on the lookout for a group of suspects involved in a recent ATM theft in Virginia, where they managed to take $175,000 from a machine, part of a troubling trend known as “jackpotting.” This method involves cyber-physical techniques where criminals access ATMs by either installing malware or using devices that manipulate the […]
Pakistan Limits Cash Transactions in Dollars
Pakistan’s Central Bank Restricts Cash Dollar Transactions Pakistan’s central bank has implemented measures to limit cash transactions in US dollars, aiming to prevent the devaluation of the Pakistani rupee and manage undocumented dollar outflows. As part of this initiative, the State Bank of Pakistan has issued a circular directing banks to refrain from providing cash […]
Hold your investments in these 3 accounts, financial planner advises: ‘Having too much cash means you’re losing money.’
The earlier you start investing, the longer your money has to grow. But let’s be honest: figuring out the right accounts for your investment can be a bit daunting. Once you have enough in your checking account for everyday expenses and savings set aside—ideally between three to twelve months’ worth of expenses—it’s time to think […]
Review of the Capital One SavorOne Cash Credit Card: Complete information
Capital One SavorOne Card Overview The Capital One SavorOne Cash Rewards Credit Card is an affordable choice with cash back benefits focused on dining, entertainment, and grocery purchases. While other cashback cards may offer higher rewards, SavorOne is a good option for those with limited credit histories looking to earn in popular categories. Card rating*: […]
Rewards or Cash Back? – The Larger Perspective
Rising Costs of Credit Cards It seems like prices are climbing higher these days. There’s been quite a bit of discussion recently, particularly about premium credit cards like the Chase Sapphire Reserve and Amex Platinum. Sure, some of it can be attributed to inflation, but it also appears to be related to changes in business […]
Proficient’s shares rise, with strong cash flow at the company possibly driving the increase.
Proficient Auto Logistics Faces Profitability Challenge Proficient Auto Logistics is navigating a tough road to profitability. After going public in spring 2024 as an independent motor carrier, its latest earnings call highlighted a particular positive: cash flow. During the recent earnings call, only a handful of analysts—just four—were present, which is noticeably sparse compared to […]