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If you have $500,000+, an unstable economy can feel like a threat to your financial security and retirement. But it doesn’t have to be. With this guide, you’ll learn straightforward moves to help you survive and thrive in an uncertain market, so you can protect your wealth and achieve your financial goals.
Take this quiz to get matched with a financial advisor to help you thrive in a recession
If your investments and retirement accounts are more than $500,000, compare up to 3 fiduciary financial advisors who serve your area and hire the pro who fits your unique needs.
A study by legendary investment firm Vanguard found that, on average, a $500,000 investment over 25 years would grow to $1.7 million if you manage it yourself, but more than $3.4 million if you enlist professional help.
Here’s how to find a financial advisor in the next five minutes:
1. Take this 5-minute retirement quiz from SmartAsset. (Yes, there are a fair amount of questions but they are all easy.)
2. Make sure you enter your zip code towards the end so you get matched with up to three financial advisors1 who serve your area.
3. Once you’ve got your matches, get a free consultation with each!
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FinanceBuzz doesn’t invest its money with this provider, but they are our referral partner. We get paid by them only if you click to them from our website and take a qualifying action (for example, opening an account.)
Earn $200 cash rewards bonus with this incredible card
There's a credit card that's making waves with its amazing bonus and benefits. The Wells Fargo Active Cash® Card(Rates and fees) has no annual fee and you can earn $200 after spending $500 in purchases in the first 3 months.
The Active Cash Card puts cash rewards back into your wallet. Cardholders can earn unlimited 2% cash rewards on purchases — easy! That's one of the best cash rewards options available.
This card also offers an intro APR of 0% for 15 months from account opening on purchases and qualifying balance transfers (then 20.24%, 25.24%, or 29.99% Variable). Which is great for someone who wants a break from high interest rates, while still earning rewards.
The best part? There's no annual fee.
You’ll need good or excellent credit (typically 670 or higher) to qualify.
Don't let home repairs drain your bank account
Did you know if your air conditioner stops working, your homeowner’s insurance won’t cover it? Same with plumbing, electrical issues, appliances, and more. Not being able to make repairs could leave you in a bad situation — but a home warranty could protect you against surprise expenses.2
Whether you’re a brand-new homeowner or you’ve owned your home for years, a plan from Choice Home Warranty could pick up the slack where homeowner’s insurance falls short.
If a covered system in your home breaks down, you can call their hotline 24/7 for assistance to get it repaired. They have a network of over 15,000 technicians that can assist you, making sure any issue can be taken care of swiftly — without breaking the bank.
Not sure if it’s for you? Rest easy: they were named one of the "Best Home Warranty Companies" by US News 360 Reviews and were awarded Best Company's 2020 Consumer's Choice Award. For a limited time, you can get your first month free when you sign up for a Single Payment home warranty plan.
Pay no interest on balance transfers until nearly 2026
Imagine getting 18 months with 0% intro APR on balance transfers and 6 months with 0% intro APR on purchases (APR then 17.24% - 28.24% Variable). Sounds great — right? You could dramatically change your financial picture with this industry-leading card - the Discover it® Chrome(Rates and fees).
If you want to kick high-interest credit card debt to the curb, this is one of the leading get-out-of-debt cards available. Transfer high-interest debt to this card with a 0% intro APR on balance transfers for 18 months (APR then 17.24% - 28.24% Variable). Your payments can go directly to paying down your balance without incurring a pile of additional charges. That could save you hundreds of dollars in interest!
It doesn't stop with balance transfers though — get 0% intro APR on purchases for 6 months, (APR then 17.24% - 28.24% Variable). Even better: Discover will match all the cash back you’ve earned at the end of your first year. Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus earn unlimited 1% cash back on all other purchases. The best part? There's no annual fee.
The Discover it® Chrome card is best suited for those with good or excellent credit (typically 670 or higher).
Grow your money at 5.24% APY without the volatility of the stock market
Protecting and growing your money in a volatile stock market can be difficult … but that’s where CloudBank 24/7 comes in. While other banks hesitate, they're not afraid to pay you a rare 5.24% APY (annual percentage yield)3 4 on your cash. That means you can earn more interest on your money and watch it multiply without the stress of market fluctuations.
Opening an account takes as little as 3 minutes, so you can start harnessing the power of this high-yield savings account right away. While the minimum deposit is only $1, with rates higher than they’ve been in decades, capitalizing on an incredible 5.24% APY could offer over $1,300 in annualized earnings with a $25,000 deposit.5
The best part? There are no fees, and you can withdraw your money whenever you need it. Plus, with FDIC insurance through Third Coast Bank SSB and cybersecurity as a top priority, CloudBank 24/7 provides a more secure online banking experience and a safe place to store your extra cash.
Limited Time Bonus: Earn up to $2,000 when you refer friends and family to Raisin. Visit site to learn more.
Paid Non-Client Promotion
FinanceBuzz doesn’t invest its money with this provider, but they are our referral partner. We get paid by them only if you click to them from our website and take a qualifying action (for example, opening an account.)