Daily Money - Money’s New Retirement Hub Is Live

And it’s replete with must-read content
͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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September 3, 2024
Retire with Money

If you’ve taken the time to open today’s email, I hope that means you’re a fan of this newsletter — or, at the very least, proactive about being well-informed when it comes to retirement planning. And if that’s the case, I have some good news for you: Last week, Money launched its brand-spanking-new retirement hub.

We’ve partnered with Longbridge Financial, a provider of reverse mortgages, to bring you a webpage decked out with the latest and most relevant retirement reporting, data and advice. The hub is divided into several sections, including The Basics, Strategies Everyone Can Use, Maximizing Your Wealth and What’s New.

You’ll have the opportunity to take a deep dive into topics we discuss in Retire With Money (like blended income strategies and cost-cutting tips) while also being introduced to new ones as our editorial team continues to provide you with the best retirement coverage available today. Check it out, and let me know what you think.

— Jordan Chussler, investing and banking editor

P.S. If you got this newsletter from a friend, sign up here for email delivery to make sure you don't miss the next issue.

Stat of the Week: 14.1%
401(k)
Money; Getty Images

As of June, the average 401(k) balance was $127,100. Meanwhile, the average 401(k) savings rate, including employer contributions, was 14.1% in the second quarter — a record level and the closest ever to the 15% savings rate recommended by Fidelity. Great job, savers!

Money Move of the Week
Now could be the best time to lock in a high-rate certificate of deposit
CD

Certificates of deposit can provide higher returns than traditional savings accounts. If you want to grow your money in a CD account — and you’re OK locking up some of your savings for a period — the time to act may be now. CD interest rates have fallen over the last several months, especially after the last Federal Reserve meeting in July. This could be one of your last chances to snag a rate of around 5% before the Fed begins to cut.

Check out Money’s list of the best CDs while rates are still high.

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Retirement 1, 2, 3
More Insights and Advice from Money
Portfolio Management
For retirees and those approaching retirement, preservation of wealth and mitigating risk exposure are important reasons to rebalance portfolios.
Shutterstock

Retirement Prep
How much money Americans will need to retire is based on the individual, but a recent study puts a number on it.
Getty Images

Cutting Costs
Rising costs are a challenge for all Americans. But for retirees on a fixed income, they can be even more of a detriment.
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Look after your car and your wallet with these coverage options ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

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