Daily Money - Money’s New Retirement Hub Is Live

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.

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!

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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