So the bank's savings accounts pay less than 1%. There is a $6500 limit to a Roth IRA and you can only have one. I can't put more money in my 401K. CD's and term savings bonds at my age are kinda limiting. I don't know beans about Money Market accounts. I don't have enough money for REIT's. No heirs and no debt so an insurance product is unnecessary. Good thing. After last fall I am considered uninsurable.
I won't make any semi-quasi political statement about a conspiracy of big money boys making it very unrewarding for poorer folks to profitably socks some bucks away. And don't you either!
So I'm looking on line and see on-line savings accounts paying a full 1% or a bit more. Some banks' names I even recognize! Anybody ever look into this? Or doing it? Ever know anyone doing this? Wanna make an informed (not just your opinion) statement? Or better yet, know of an investment that pays better than 1% with reasonable liquidity? The goal is a revenue stream for after I no longer want to work.