With the economic concerns, people want to make sure they have money available to them, and yet they’re being penalized by doing it. Really, they are losing money safely.
You may earn enough to buy a candy bar if that’s about it.
And all of those accounts, CDs, savings, and money markets, you’re also being taxed on anything you do earn. That may seem irrelevant because you’re not making much, but when you add in that and you add in the inflation woes, the truth is you’re really losing money safely.
So if you have a CD or a money market or savings account, or a brokerage account that is trying to be very conservative and you are making less than 3% then this is for you.
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