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Released: October 29, 2010
A breakdown of low-risk ways savers can generate income
Source: Matt Krantz, USA Today
Climb every mountain. Turn over every rock. Decent income from traditional savings is hard to find.
With rates on savings accounts and Treasuries historically low, investors and savers trying to find ways to squeeze income from their money are struggling. Even “high yield” savings accounts are paying 1.2% or less a year, which isn’t enough to stay ahead of the roughly 3% historical inflation rate.
“If you’re 100% in cash, it’s probably wise to rethink your strategy,” says Ken Winans of money management firm Winans International. “It pays to learn a little bit” of what else is available.
Read Full Article: A breakdown of low-risk ways savers can generate income
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