Lock in These Rates Before They Fall
| No images? Click here    By Elizabeth O'Brien | September 1, 2024 It’s been a stellar stretch for savers, but the fat yields we’ve enjoyed probably won’t see the end of pumpkin spice latte season. The Federal Reserve is all but certain to cut its benchmark interest rate later this month, and rates on high-yield savings accounts, CDs, and annuities will start to fall in turn. Bond yields have already come down in anticipation, with the 10-year Treasury now under 4%. If you’re in the market for a CD or a simple annuity, now’s the time to act. It’s not too late to lock in retirement income at attractive rates. Consider a basic income annuity for a 70-year-old man. The payout is currently 8.16%, giving him a monthly check of $680 for life on a $100,000 purchase. (These are simple, low-fee products—not the complicated, high-fee ones that give annuities a bad rap.) Experts predict that rates will fall more gradually than they rose a couple years ago. So that will buy savers a little time, if rates float down like a leaf.    Fed Interest Rate Cuts Look Close. Here Are 5 Ways to Prepare.Start by taking stock of your finances. The Stock Market Is in the Home Stretch of 2024. Here's Where to Invest Now. It's time to buckle up and branch out. This Is the Key to Saving for RetirementBe the Cal Ripken Jr. of your 401(k). There's a Good Case for Waiting to Take Social Security. Yet only one in 10 wait until 70 to claim. Breaking up Is Hard to Do: How to Handle Collectibles in Estate PlanningHave a plan for when your tchotchkes have multiple takers.  *** Stay on top of the tech trade with a daily rundown of top-performing tech stocks and the big names making news. Sign up for the Tech Report newsletter by Investor's Business Daily here.   This mailing was sent to aymentanaze.news@blogger.com,
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