You can earn hefty returns with high-yield savings accounts and no-penalty CDs right now, but there are some potential downsides, too. Getty Images As uncertainty around the economy continues and inflation remains elevated, the Federal Reserve decided at its March meeting to keep the federal funds rate as-is for now. While today's higher interest rates make the cost of borrowing more expensive, they're a boon for savers. And, one way for savers to take advantage of the high-rate environment...

Investors should take a strategic approach to gold in today's high-price climate. Mark Evans/Getty Images The gold market is buzzing thanks to record-breaking gold prices. Amid market uncertainty, ongoing inflation and other concerns, investors are looking toward gold as a safe-haven asset. In turn, the price of gold has skyrocketed to $3,000 per ounce. Given gold's remarkable rise, investors have a renewed interest in this precious metal. If you've been on the sidelines and want to join the...

Investing in gold now could be a smart way to build long-term wealth. Getty Images The price of gold recently hit its apex, coming in at $3,000 per ounce. As economic uncertainty and political tensions have increased, so has the interest in gold investing. Thanks to the new gold price record, some investors have jumped on board looking for short-term gains. However, while gold may be a solid short-term investment right now, it has typically been a long-term investment. We spoke with gold...

A HELOC could be advantageous for multiple homeowners right now. Getty Images In today's high-rate and high home equity environment, home equity borrowing has become a popular option. Whether for debt consolidation, home renovations and repairs, or other short-term expenses, borrowing your home equity can be more beneficial than other alternatives. Home equity borrowing can come in different forms, ranging from lump sum home equity loans to home equity lines of credit (HELOCs) to cash-out...

Both credit card debt and tax debt are costly, but it could make sense to prioritize one over the other now. Getty Images As the cost of living has increased, so has outstanding credit card debt. By the end of December 2024, outstanding credit card balances reached $1.21 trillion, according to Federal Reserve Bank of New York data. This represents a 4.0% increase from the previous year. If you're one of the many Americans in credit card debt, you might also get some unfortunate news this tax...