Getting Close to Retirement? Start Saving!

As you get closer to retirement you should be moving your money from riskier investments to safer investments. Many people tend to move all stocks to cash so they have easy access to it. So where is the best place to stick your cash these days? Beleive it or not, the AARP, has some very good rates on their High Yield Savings Accounts.

They are paying 4.5% APY on their High Yield Savings. You only need a minimum balance of $1. This account also comes with a free debit card for easier access to your funds. If you have more than $50,000 to put away, then move up to their Jumbo Secure Money Market account which is currently paying 4.75% APY.

These rates a very competitive considering the current market. The only requirement is that you are over age 50 and a member of the AARP which will cost you $12.50.

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