Piggy bank vs real bank – where should your savings go? (2024)

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\nPiggy bank vs real bank – where should your savings go? (1)\n

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\nAnnual Fee:\n \n $0.00

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\nCard Processor:\n \n Visa

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\nForeign Transaction Fee:\n \n None

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\nRewards Program Details:\n

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  • Earn unlimited 3% back on all purchases with no spending category requirements.
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  • Earn 5% back on travel purchases booked through the Robinhood Travel portal.
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\nThis Is the Card for You If:\n

You have a Robinhood investment account and want to maximize your credit card rewards on everyday purchases.

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"},{"type":"text","content":"Robinhood Gold Card is offered by Robinhood Credit, Inc., and is issued by Coastal Community Bank, Member FDIC."},{"type":"text","content":"The Robinhood Gold Card is a new rewards credit card that is offered exclusively to Robinhood Gold members. This brokerage membership, which costs $5 per month, offers perks like enhanced APR earnings on non-invested funds. (More on this later in the article.)"},{"type":"text","content":"The major marketing pitch for the card is 3% back on all purchases regardless of spending category with no annual fee. "},{"type":"text","content":"You’ll receive these rewards as “points” that can be converted to cash back in your brokerage account at a rate of one cent per point. There are some other redemption methods, but it’s worth noting that straight “cash back” or “statement credit” don’t appear to be options. That means there may be some extra steps required to turn your rewards into cash in your wallet."},{"type":"text","content":"But, still, that rate of return is noticeably higher than the 2% back offered by many of the top cash back cards, such as the Citi Double Cash® Card and Wells Fargo Active Cash® Card. It also tops the 2.5% back that the Alliant Cashback Visa® Signature Credit Card offers its top tier members."},{"type":"text","content":"This card has more going for it than just a good cash back rate. It also offers perks and benefits that are oftentimes reserved for cards with annual fees."},{"type":"text","content":"Those include:"},{"list_type":"unordered","type":"list","items":[{"type":"text","content":"No foreign transaction fees"},{"type":"text","content":"No balance transfer fees (Balance transfers are subject to APR interest)"},{"type":"text","content":"Auto Rental Collision Damage Waiver coverage"},{"type":"text","content":"Extended Warranty Protection"},{"type":"text","content":"Purchase Protection"},{"type":"text","content":"Trip Interruption Protection"},{"type":"text","content":"Travel and Emergency Assistance"}]},{"type":"text","content":"You can read more on the specifics of these Visa-backed benefits here."},{"type":"text","content":"Note: This card is currently developing a waitlist for applications. But, eventually, Gold members will be able to apply for this credit card and enjoy it without an additional annual fee upon approval."},{"level":2,"additional_properties":{"id":"subscription","class":["wp-block-heading"]},"type":"header","content":"What Is Included with a Robinhood Gold Subscription?"},{"width":800,"caption":"Robinhood Gold illustration","additional_properties":{"sizes":"(max-width: 800px) 100vw, 800px","src":"https://i0.wp.com/clark.com/wp-content/uploads/2024/03/US_product_gold.png?resize=800%2C450&ssl=1","alt":"Robinhood Gold on a cell phone","width":"800","style":"max-width: 100%","loading":"lazy","srcset":"https://i0.wp.com/clark.com/wp-content/uploads/2024/03/US_product_gold.png?resize=1024%2C576&ssl=1 1024w, https://i0.wp.com/clark.com/wp-content/uploads/2024/03/US_product_gold.png?resize=300%2C169&ssl=1 300w, https://i0.wp.com/clark.com/wp-content/uploads/2024/03/US_product_gold.png?resize=768%2C432&ssl=1 768w, https://i0.wp.com/clark.com/wp-content/uploads/2024/03/US_product_gold.png?resize=1536%2C864&ssl=1 1536w, https://i0.wp.com/clark.com/wp-content/uploads/2024/03/US_product_gold.png?resize=260%2C146&ssl=1 260w, https://i0.wp.com/clark.com/wp-content/uploads/2024/03/US_product_gold.png?resize=891%2C501&ssl=1 891w, https://i0.wp.com/clark.com/wp-content/uploads/2024/03/US_product_gold.png?resize=935%2C526&ssl=1 935w, https://i0.wp.com/clark.com/wp-content/uploads/2024/03/US_product_gold.png?w=1920&ssl=1 1920w, https://i0.wp.com/clark.com/wp-content/uploads/2024/03/US_product_gold.png?w=1600&ssl=1 1600w","class":["wp-image-286865"],"data-recalc-dims":"1","decoding":"async","height":"450"},"type":"image","version":"0.10.9","url":"https://i0.wp.com/clark.com/wp-content/uploads/2024/03/US_product_gold.png?resize=800%2C450&ssl=1","height":450},{"type":"text","content":"Now that you know the specifics on this cash back credit card, you're probably wanting to know more about the subscription membership that is required in order to apply."},{"type":"text","content":"Robinhood Gold is a subscription service offered by Robinhood that has been around for a few years."},{"type":"text","content":"There is a $5 per month (or $50 per year) subscription fee, which includes access to the following perks:"},{"list_type":"unordered","type":"list","items":[{"type":"text","content":"Enhanced earnings on idle cash: Non-invested money that is stashed in your brokerage account will have the opportunity to earn 5% APR during nightly cash sweeps by Robinhood. This money can be FDIC insured on up to $2.25 million by using the $250,000 max with nine partner banks. This enhanced rate compares well to many of the top high-yield savings accounts on the market."},{"type":"text","content":"Money match for IRA deposits: Robinhood Gold markets a money match of 3% on your annual IRA contributions if done through your qualified Robinhood account. There is red tape on this, including subscription requirements and a length of time requirement for keeping your money invested. Check their FAQ page on this for more information."},{"type":"text","content":"Instant deposits for faster investing: Gold members can get instant access to up to $50,000 per day in deposits. For people who are routinely making quick moves in and out of the markets, this could be a very valuable perk."},{"type":"text","content":"Deposit boosts are coming soon: Gold members are also promised to soon earn extra cash via deposit boost when they fund their account. The program isn't live yet, but it supposedly will add an additional 1% to the amount of money you put into your brokerage account. To earn your full boost, you must hold or invest your brokerage deposits for two years."}]},{"level":2,"additional_properties":{"id":"worth","class":["wp-block-heading"]},"type":"header","content":"Is it Worth Subscribing To Robinhood Gold for the Credit Card?"},{"type":"text","content":"So, now that you know what Robinhood Gold is and you’ve seen the perks of the credit card, you’re probably wondering if it’s worth signing up to get access to the card."},{"type":"text","content":"If you’re not already a Robinhood user, this likely depends on your willingness to move around some savings or investment funds. And your appetite for doing business with Robinhood after some frustrating and unsettling headlines in recent years."},{"type":"text","content":"Money expert Clark Howard is generally not a fan of Robinhood and does not recommend signing up for Robinhood just to get this credit card. "},{"type":"text","content":"He believes it could be an option for existing customers, but that there is too much risk that Robinhood could decide to alter the rewards program after sign-up for people to seek new membership just for access to the credit card. "},{"type":"text","content":"But if you're still on board, let's take a look at some of the ways you could \"offset\" the $50 annual fee associated with Robinhood Gold to access the 3% cash back from the credit card."},{"type":"text","content":"Focusing on one or more of these methods to offset the subscription fee could make the Gold credit card seem like a good deal."},{"level":4,"additional_properties":{"id":"h-1-holding-some-savings-in-the-brokerage-account","class":["wp-block-heading"]},"type":"header","content":"1. Holding Some Savings in the Brokerage Account"},{"type":"text","content":"Perhaps the easiest way to offset the Gold membership fee is to set aside some of your idle savings cash in the brokerage account to accrue interest on the nightly cash sweeps."},{"type":"text","content":"If the advertised 5% APR remains an option, you could hold as little as $1,000 in savings to earn the $50 in interest necessary to offset the $50 price for an annual subscription."},{"type":"text","content":"Of course, you may want to consider moving more than $1,000 to that account if the 5% APR is better than what you’re earning in your existing savings account. As of this writing, the national average for savings account APR was hovering around 0.5%."},{"level":4,"additional_properties":{"id":"h-2-grab-an-ira-contribution-match","class":["wp-block-heading"]},"type":"header","content":"2. Grab an IRA Contribution Match"},{"type":"text","content":"If reading about this offer has inspired you to take a step forward in your retirement investing, that’s great!"},{"type":"text","content":"Accessing the 3% IRA contribution match offered to Gold members could be a great way to offset the annual subscription fee."},{"type":"text","content":"For a point of reference, 3% of a $1,700 contribution is $51."},{"level":4,"additional_properties":{"id":"h-3-spend-with-the-card-in-high-volume","class":["wp-block-heading"]},"type":"header","content":"3. Spend with the Card in High Volume"},{"type":"text","content":"If you’re not interested in holding money with Robinhood, there’s still a way that you could justify paying the Gold membership fee to gain access to the credit card."},{"type":"text","content":"Effectively, you’d need to treat this card as though it has a $50 annual fee. So to make it worth it, you’d need to spend $1,700 per year with the card to cover the annual fee. From there, any rewards you earned at 3% would be “profit.”"},{"type":"text","content":"If you’re wondering whether it’s better to pay the fee for this card instead of simply enjoying a 2% cash back card with no annual fee, the breakeven point would be $5,000 in annual spending for the annual subscription price and $6,000 for the monthly subscription price."},{"type":"text","content":"Here’s a table breaking down the cash back that can be earned at 3% versus using a 2% card:"},{"level":2,"additional_properties":{"id":"final","class":["wp-block-heading"]},"type":"header","content":"Final Thoughts: Pros and Cons"},{"type":"text","content":"Are you considering adding the Robinhood Gold Card to your wallet? Let's review some of the major pros and cons of the card before you make your final decision:"},{"type":"text","content":"Bottom Line: If you are in the market for a new cash back credit and already do your investing with Robinhood, this card could be a no-brainer addition to your wallet. This is especially true if you're already paying for Robinhood Gold membership."},{"type":"text","content":"However, consumers who are not currently investing with Robinhood may have a more difficult decision. You’ll need to weigh whether the perks involved are worth putting a portion of your money into the Robinhood ecosystem."},{"type":"text","content":"Clark recommends that you avoid this hassle and stick with a different cash back credit card."},{"type":"text","content":"After all, there are plenty of good rewards credit cards on the market that don't require you to move your investments around to earn rewards."},{"type":"text","content":"I believe this card is worth it if:"},{"list_type":"unordered","type":"list","items":[{"type":"text","content":"You're already comfortable with Robinhood and are investing some of your money there."},{"type":"text","content":"You plan to spend at least $6,000 annually with the credit card."},{"type":"text","content":"You have a willingness to book travel through Robinhood's portal to earn 5% back."}]},{"type":"text","content":"Are you a Robinhood customer? Would you consider adding this credit card to your wallet? We’d love to hear your thoughts in the Clark.com community."},{"additional_properties":{"href":"https://clark.com/credit-cards/robinhood-gold-card-review/?utm_campaign=cmg&utm_medium=rss&utm_source=REFERER"},"type":"interstitial_link","content":"This article was originally published on Clark.com","url":"https://clark.com/credit-cards/robinhood-gold-card-review/?utm_campaign=cmg&utm_medium=rss&utm_source=REFERER"},{"type":"text","content":"The post Robinhood Gold Credit Card: Is It Worth It? appeared first on Clark Howard."}],"display_date":"2024-03-29T18:53:12Z","credits":{"by":[{"org":"Clark Howard","name":"Nick Cole","type":"author"}]},"subtype":"Wire","headlines":{"basic":"Robinhood Gold Credit Card: Is It Worth It?"},"first_publish_date":"2024-03-29T18:53:12Z","taxonomy":{"primary_site":{"path":"/news/business","parent_id":"/news","name":"Business","description":"Atlanta business news, Georgia company news, blogs and videos from The Atlanta Journal-Constitution","_id":"/news/business","additional_properties":{"original":{"parent":{"AmpNav":"/news","default":"/news","MainMenu2024":"/news","BottomNav":null,"TopNavRedesign":null,"SectionMap":"/","MainMenuRedesign2021":null,"subnav_news":"/","ComposerNav":"/news"},"site":{"section_comments_enabled":"Yes","site_description":"Atlanta business news, Georgia company news, blogs and videos from The Atlanta Journal-Constitution","site_title":"Atlanta Business news and updates"},"navigation":{"nav_title":"Business"},"inactive":false,"node_type":"section","name":"Business","_id":"/news/business","ancestors":{"AmpNav":["/"],"default":["/"],"MainMenu2024":["/","/news"],"BottomNav":[],"TopNavRedesign":[],"SectionMap":["/"],"MainMenuRedesign2021":[],"subnav_news":["/"],"ComposerNav":["/news"]},"order":{"AmpNav":2006,"default":2006,"MainMenu2024":2005,"SectionMap":1067,"subnav_news":1005,"ComposerNav":2009}}},"type":"site","version":"0.5.8"},"sections":[{"path":"/news/business","parent":{"default":"/news"},"_website":"ajc","parent_id":"/news","name":"Business","description":"Atlanta business news, Georgia company news, blogs and videos from The Atlanta Journal-Constitution","_id":"/news/business","additional_properties":{"original":{"parent":{"AmpNav":"/news","default":"/news","MainMenu2024":"/news","BottomNav":null,"TopNavRedesign":null,"SectionMap":"/","MainMenuRedesign2021":null,"subnav_news":"/","ComposerNav":"/news"},"site":{"section_comments_enabled":"Yes","site_description":"Atlanta business news, Georgia company news, blogs and videos from The Atlanta Journal-Constitution","site_title":"Atlanta Business news and updates"},"navigation":{"nav_title":"Business"},"inactive":false,"node_type":"section","_website":"ajc","name":"Business","_id":"/news/business","ancestors":{"AmpNav":["/"],"default":["/"],"MainMenu2024":["/","/news"],"BottomNav":[],"TopNavRedesign":[],"SectionMap":["/"],"MainMenuRedesign2021":[],"subnav_news":["/"],"ComposerNav":["/news"]},"order":{"AmpNav":2006,"default":2006,"MainMenu2024":2005,"SectionMap":1067,"subnav_news":1005,"ComposerNav":2009}}},"_website_section_id":"ajc./news/business","type":"section","version":"0.6.0"}],"primary_section":{"path":"/news/business","name":"Business"},"tags":[{"text":"clark"}]},"type":"story","last_updated_date":"2024-04-03T15:30:52.753Z","promo_items":{"basic":{"width":150,"type":"image","distributor":{"mode":"reference","reference_id":"19e74e53-bba3-4c5d-a445-1a2a4a7cd2fe"},"url":"https://cloudfront-us-east-1.images.arcpublishing.com/ajc/C5JGNDG2U355JVPUIT7EGUM7WQ.jpg","height":150}},"canonical_url":"/news/robinhood-gold-credit-card-is-it-worth-it/6SYDPNAJI5BUXBDEYK27B5RKXU","_id":"6SYDPNAJI5BUXBDEYK27B5RKXU"},{"content_elements":[{"_id":"4DWA53SYCFH4FCCUSM7BRZPJXY","additional_properties":{"inline_comments":[],"comments":[],"_id":1594745854630},"type":"text","content":"Savannah-based Gulfstream Aerospace announced Friday its new G700 jet has finally received certification from the Federal Aviation Administration."},{"_id":"LSDZ45YUJNHVZJ4YEP2AY3RZRE","additional_properties":{"inline_comments":[],"comments":[],"_id":1711728836271},"type":"text","content":"It has been nearly five years since Gulfstream first announced plans for the G700, a ultra long-range business jet that has the most spacious cabin in its class. It has a range of 7,750 nautical miles — enough to go from Atlanta to Dubai — at Mach 0.85 speed, or about 560 nautical miles per hour."},{"_id":"CGO5RZNMXJFVXL2BM5OXOYHNVE","additional_properties":{"inline_comments":[],"comments":[],"_id":1711728836272},"type":"text","content":"The clearance from the FAA paves the way for Gulfstream to start delivering the jet to customers who have placed orders."},{"_id":"FHU62WIJZ5B7TE6RZXILM25GGM","additional_properties":{"inline_comments":[],"comments":[],"_id":1711728836273},"type":"text","content":"Gulfstream originally planned to get certification and start delivering the G700 in 2022, but that timeline was pushed back as certification took longer than expected."},{"_id":"KP5IEGKZZREIHE4ZJYTFIWMTUQ","additional_properties":{"inline_comments":[],"comments":[],"_id":1711728836274},"type":"text","content":"That’s in part because FAA aircraft certification regulations were revamped in 2020 after the crashes of two Boeing 737 Max commercial jets, resulting in a more rigorous vetting process."},{"_id":"MKKY2F3HCJBVLLQZQROC5LWQGE","additional_properties":{"inline_comments":[],"comments":[],"_id":1711728836275},"type":"text","content":"“The G700 brings a new level of performance and cabin comfort to business aviation and is doing so while meeting the highest certification standards our industry has ever seen,” said Gulfstream President Mark Burns in a written statement."},{"_id":"GCJI3YDI7FBJNMLWWFEFMU76VI","additional_properties":{"inline_comments":[],"comments":[],"_id":1711728836276},"type":"text","content":"General Dynamics, Gulfstream’s parent company, has been expecting a “surge in deliveries upon FAA certification of the G700,” according to General Dynamics CEO Phebe Novakovic in a written statement when company released its quarterly financial results earlier this year."},{"_id":"ZVJTS6X4MZFX3EFZCO5R5D3AYY","additional_properties":{"inline_comments":[],"comments":[],"_id":1711728836277},"type":"text","content":"Gulfstream showed off the G700 at an event at Cobb County International Airport in Kennesaw last September, allowing visitors to peek inside the cabin that has room for up to 19 passengers and options including a suite with a bed and multiple “living areas.” The 2023 list price: $79 million."},{"_id":"EIKKVMIZFRGQZCT74755OYBVHE","additional_properties":{"inline_comments":[],"comments":[],"_id":1711728836278},"type":"text","content":"In Georgia, aerospace products are the No. 1 export, totaling $11.1 billion in 2023, and Gulfstream is one of the industry’s flagship companies in the state."}],"display_date":"2024-03-29T16:43:38.079Z","credits":{"by":[{"image":{"version":"0.5.8","url":"https://s3.amazonaws.com/arc-authors/ajc/5f92eb8c-65ec-4d6b-905f-1943f365f66f.png"},"socialLinks":[{"site":"email","deprecated":true,"deprecation_msg":"Please use social_links.","url":"kelly.yamanouchi@ajc.com"},{"site":"facebook","deprecated":true,"deprecation_msg":"Please use social_links.","url":"https://www.facebook.com/atlantaairportnewsnow/"},{"site":"twitter","deprecated":true,"deprecation_msg":"Please use social_links.","url":"https://twitter.com/atlairportnews"}],"social_links":[{"site":"email","url":"kelly.yamanouchi@ajc.com"},{"site":"facebook","url":"https://www.facebook.com/atlantaairportnewsnow/"},{"site":"twitter","url":"https://twitter.com/atlairportnews"}],"name":"Kelly Yamanouchi","description":"Business reporter Kelly Yamanouchi covers airlines and the airport including Atlanta-based Delta Air Lines, one of the world's largest carriers, and Hartsfield-Jackson, the world's busiest airport. 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MILLER","type":"author"}]},"subtitle":"Gulfstream G700 ","width":5808,"caption":"Views of the exterior of the Gulfstream G700 private jet on display at McCollum Field in Kennesaw on Wednesday, September 6, 2023. (Natrice Miller/ Natrice.miller@ajc.com)","type":"image","distributor":{"mode":"custom","name":"AJC Freelancer","category":"wires"},"url":"https://cloudfront-us-east-1.images.arcpublishing.com/ajc/RAEN7KWTZL3BI2S5LIEDSPWVFE.JPG","height":3872}},"canonical_url":"/news/business/gulfstream-g700-has-a-79m-list-price-now-the-georgia-built-jet-is-faa-certified/6JR5OZCXT5FCXF52U4D7OJI2LE/","_id":"6JR5OZCXT5FCXF52U4D7OJI2LE"},{"content_elements":[{"_id":"EJ4WAANMSBF3BBJKTSIZLSSKOU","additional_properties":{"inline_comments":[],"comments":[],"_id":1689008417992},"type":"text","content":"The Georgia Legislature voted to strip references to public ownership of natural resources from a law passed last year affirming the public’s right to fish, hunt and pass on the state’s navigable streams and rivers."},{"_id":"GXLF634QMJAYJNZIE5AOQ4B33M","additional_properties":{"inline_comments":[],"comments":[],"_id":1711728892806},"type":"text","content":"Tensions over who has the right to fish certain coveted spots have heightened in recent years. In 2020, a dispute at Yellow Jacket Shoals on the Flint River — famous for its fiesty shoal bass — escalated into gunfire, though no one was harmed."},{"_id":"MOP5JCORFJAJTBKPJLA3NCDG3U","additional_properties":{"inline_comments":[],"comments":[],"_id":1711728892807},"type":"text","content":"The new law was rushed through in the waning hours of the 2023 session after the state settled a lawsuit by granting a property owner exclusive fishing rights over a portion of the shoals. The law was welcomed by anglers, paddlers and conservationists, but agribusiness and some private property owners objected to language in the bill referencing the ‘public trust doctrine’ — a common-law principle that natural resources belong to the public and are kept in trust by the state."},{"_id":"OIYY2JX7UJEO7I7IE4EMLAY4DE","additional_properties":{"comments":[],"_id":"EBZQXHL5T5BPHMHKXFYHCNMYWU"},"type":"interstitial_link","content":"Battle over fishing rights on Flint River sends ripples across Georgia","url":"https://www.ajc.com/news/business/battle-over-fishing-rights-on-flint-river-sends-ripples-across-georgia/ERM77WWDMNERLJ7UROTHFT2FR4/"},{"_id":"LWFKLE7NWNBVNHOK2ZHIE7ZESE","additional_properties":{"inline_comments":[],"comments":[],"_id":1711725873715},"type":"text","content":"Kemp is expected to sign the bill that passed this week, amending the law by removing those references. The bill passed 34 to 18."},{"_id":"IXG4Z6N76ZGSTBOMJ7KSRI45HI","additional_properties":{"inline_comments":[],"comments":[],"_id":1711707236963},"type":"text","content":"Supporters of the amendment said that they feared codifying the public trust doctrine could open opportunities for environmental activists to file “frivolous” lawsuits against farmers for activities they could claim pollute public waterways. No such lawsuits have been filed in Georgia since the law went into effect last year, but the public trust doctrine has been cited in lawsuits in other states seeking to force the federal government and other states to take action on climate change."},{"_id":"THN5ICRFMNCI7CGQHWUF2UHZFQ","additional_properties":{"inline_comments":[],"comments":[],"_id":1711720175734},"type":"text","content":"Will Bentley, president of the Georgia Agribusiness Council, welcomed the bill’s passage. He said the proposal addresses concerns “while maintaining the intent of Governor Kemp to protect fishing and hunting rights on navigable rivers.”"},{"_id":"Y23NV63GBVFXBKXVEXF5FLRIDU","additional_properties":{"inline_comments":[],"comments":[],"_id":1711707236965},"type":"text","content":"Conservation groups said removing the public trust language was likely to have little practical effect, but they warned against language elsewhere in the bill they said could be used to narrow the list of protected activities"},{"_id":"XOHE3PR6UNFAVFA34TFPYVXXJY","additional_properties":{"comments":[],"_id":"NP4EBWS4AZDZHJXGJUP4ZT3NN4"},"type":"interstitial_link","content":"How key environmental bills fared on the Georgia Legislature’s last day","url":"https://www.ajc.com/news/business/how-key-environmental-bills-fared-on-the-georgia-legislatures-last-day/D6UYQLAXLNAYVI65JEUSU2K36Q/"},{"_id":"KU5P7IULLJC2LCZXIREHWEWXS4","additional_properties":{"inline_comments":[],"comments":[],"_id":1711728892812},"type":"text","content":"The state Constitution says that the “taking of fish and wildlife shall be preserved for the people and shall be managed by law and regulation for the public good.” But public access is only protected on “navigable” rivers, and there is no universally-recognized definition for what constitutes a navigable river in the state. The issue is further complicated by historical land grants that give some property owners title to the stream bed of navigable waters."},{"_id":"APUOZMXK5NGUVEDHEMSML6C4WU","additional_properties":{"inline_comments":[],"comments":[],"_id":1711728892813},"type":"text","content":"The fishing rights law was intended to protect the public’s right to access navigable waters even in places where the stream bed is privately-owned. But the amendments do not address whether Georgians have the right to touch the stream bed, and the list of protected activities is limited to hunting, fishing and passage."},{"_id":"RTSQUDOEAFCC5D6Z2YYVJSM2UA","additional_properties":{"inline_comments":[],"comments":[],"_id":1711728892814},"type":"text","content":"April Lipscomb, an attorney with the Southern Environmental Law Center, said it’s unclear how activities like wade fishing, swimming or collecting water samples for research would be treated under the law."},{"_id":"6M7FZ7JUXFDZPO647XKIBALEVY","additional_properties":{"inline_comments":[],"comments":[],"_id":1711720175737},"type":"text","content":"“Leaving those calls up to local law enforcement could lead to lots of different interpretations,” she wrote in a text message."},{"_id":"N5ZWX5JLVJBC5LK2Z445J6APU4","additional_properties":{"comments":[],"_id":"KPP43GXCTVEGLBWHJBDC6CC7QM"},"type":"raw_html","content":""},{"_id":"YDXYY7HSJFFO3FCIZMZE55HDVI","additional_properties":{"comments":[],"_id":"GVVNY2J7LBG6LFGEIBPQET55AQ"},"type":"divider"},{"_id":"UA6OBKYIG5BSJO6Q75RDOSKJCQ","additional_properties":{"inline_comments":[],"comments":[],"_id":1711720175739},"type":"text","content":"A note of disclosure"},{"_id":"IDXNZPTOAJCGDCB6YQICEVHJWI","additional_properties":{"inline_comments":[],"comments":[],"_id":1711720175740},"type":"text","content":"This coverage is supported by a partnership with Green South Foundation and Journalism Funding Partners. You can learn more and support our climate reporting by donating at ajc.com/donate/climate/"}],"display_date":"2024-03-29T16:27:18.263Z","credits":{"by":[{"image":{"version":"0.5.8","url":"https://s3.amazonaws.com/arc-authors/ajc/16872719-77cb-4a16-b962-078e506f13e7.jpg"},"socialLinks":[{"site":"email","deprecated":true,"deprecation_msg":"Please use social_links.","url":"meris.lutz@ajc.com"}],"social_links":[{"site":"email","url":"meris.lutz@ajc.com"}],"name":"Meris Lutz","description":"Meris Lutz is a contributing writer covering climate, the environment and the economy. She is particularly interested in stories that explore the intersections between climate change and labor, markets, health, biodiversity, government transparency and public access to natural resources. 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Meet Quarterhorse Mk 1 – our first aircraft that will take to the skies this summer at the legendary Edwards Air Force Base. pic.twitter.com/LBpJQYtMKv

— Hermeus (@hermeuscorp) March 28, 2024

\n

"},{"level":2,"additional_properties":{"id":"h-the-downsides-of-indexed-universal-life-insurance","class":["wp-block-heading"]},"type":"header","content":"The Downsides of Indexed Universal Life Insurance"},{"type":"text","content":"Be wary of marketing or salespeople trying to convince you to pay for something that you don’t understand. Blind trust can harm you in that situation."},{"type":"text","content":"“The indexed universal life is the latest flavor that the insurance industry is pushing,” Clark says. “And the idea is, ‘What can possibly be better than this? You get the returns of a stock market index without the risk of losing all your money!’ That’s how it’s pitched.”"},{"type":"text","content":"Downside protection — capping how much money your investments can lose in a given year — is that juicy piece of the puzzle designed to lure prospective customers."},{"type":"text","content":"Salespeople won’t emphasize the following negatives, which Clark is happy to underline:"},{"list_type":"unordered","type":"list","items":[{"type":"text","content":"Stock market collar: \"What they don't tell you is you don't get the return of the stock market. You only receive a portion of the return of the stock market in a good year.\""},{"type":"text","content":"No dividends: \"You don't get what is perhaps equally as important as the rise of the stock market over the years. You don't get the dividends.\""},{"type":"text","content":"High fees: \"What you get in return is ultra-high expenses in the indexed universal life.\""},{"type":"text","content":"Tax risk: \"The tax treatment is questionable. With a universal life policy of any flavor, if the policy does not perform as expected, you can end up with a tax time bomb. And capital calls. Meaning you have to come up with big money. Or your policy can be wiped out.\""}]},{"level":2,"additional_properties":{"id":"h-keep-your-insurance-and-investing-separate","class":["wp-block-heading"]},"type":"header","content":"Keep Your Insurance and Investing Separate"},{"type":"text","content":"Clark wants you to separate your investments from your insurance."},{"type":"text","content":"Insurance companies, banks and bank-affiliated brokerages are the three places Clark says you should never invest."},{"type":"text","content":"“The craziest thing of all is generally people looking at [universal life insurance] are not maxing out other tax-free ways of saving money. Not tax-advantaged, potentially, but tax-free,” Clark says."},{"type":"text","content":"“Like ultra-low cost Roth IRAs and employer-provided Roth 401(k)s. Even index funds in a regular investment account will usually outperform net of taxes what you would have in one of these junky universal life policies of various flavors.”"},{"type":"text","content":"If you need life insurance to protect your family, Clark says, consider term life insurance rather than any type of whole life insurance."},{"type":"text","content":"“Because the only winner when you do that is the high-commission salesperson that conned you into buying the trash,” Clark says."},{"level":2,"additional_properties":{"id":"h-final-thoughts","class":["wp-block-heading"]},"type":"header","content":"Final Thoughts"},{"type":"text","content":"If an insurance person is aggressively selling you on any type of life insurance, chances are it’s a high-commission product that will benefit them, not you. Avoid mixing insurance and investing. And if you want to protect your family with life insurance, consider level-term life insurance instead."},{"additional_properties":{"href":"https://clark.com/insurance/life-insurance/are-indexed-universal-life-insurance-policies-a-scam/?utm_campaign=cmg&utm_medium=rss&utm_source=REFERER"},"type":"interstitial_link","content":"This article was originally published on Clark.com","url":"https://clark.com/insurance/life-insurance/are-indexed-universal-life-insurance-policies-a-scam/?utm_campaign=cmg&utm_medium=rss&utm_source=REFERER"},{"type":"text","content":"The post Are Indexed Universal Life Insurance Policies a Good Option or a Scam? appeared first on Clark Howard."}],"display_date":"2024-03-29T13:00:00Z","credits":{"by":[{"org":"Clark Howard","name":"Christopher Smith","type":"author"}]},"subtype":"Wire","headlines":{"basic":"Are Indexed Universal Life Insurance Policies a Good Option or a Scam?"},"first_publish_date":"2024-03-29T13:00:00Z","taxonomy":{"primary_site":{"path":"/news/business","parent_id":"/news","name":"Business","description":"Atlanta business news, Georgia company news, blogs and videos from The Atlanta Journal-Constitution","_id":"/news/business","additional_properties":{"original":{"parent":{"AmpNav":"/news","default":"/news","MainMenu2024":"/news","BottomNav":null,"TopNavRedesign":null,"SectionMap":"/","MainMenuRedesign2021":null,"subnav_news":"/","ComposerNav":"/news"},"site":{"section_comments_enabled":"Yes","site_description":"Atlanta business news, Georgia company news, blogs and videos from The Atlanta Journal-Constitution","site_title":"Atlanta Business news and updates"},"navigation":{"nav_title":"Business"},"inactive":false,"node_type":"section","name":"Business","_id":"/news/business","ancestors":{"AmpNav":["/"],"default":["/"],"MainMenu2024":["/","/news"],"BottomNav":[],"TopNavRedesign":[],"SectionMap":["/"],"MainMenuRedesign2021":[],"subnav_news":["/"],"ComposerNav":["/news"]},"order":{"AmpNav":2006,"default":2006,"MainMenu2024":2005,"SectionMap":1067,"subnav_news":1005,"ComposerNav":2009}}},"type":"site","version":"0.5.8"},"sections":[{"path":"/news/business","parent":{"default":"/news"},"_website":"ajc","parent_id":"/news","name":"Business","description":"Atlanta business news, Georgia company news, blogs and videos from The Atlanta Journal-Constitution","_id":"/news/business","additional_properties":{"original":{"parent":{"AmpNav":"/news","default":"/news","MainMenu2024":"/news","BottomNav":null,"TopNavRedesign":null,"SectionMap":"/","MainMenuRedesign2021":null,"subnav_news":"/","ComposerNav":"/news"},"site":{"section_comments_enabled":"Yes","site_description":"Atlanta business news, Georgia company news, blogs and videos from The Atlanta Journal-Constitution","site_title":"Atlanta Business news and updates"},"navigation":{"nav_title":"Business"},"inactive":false,"node_type":"section","_website":"ajc","name":"Business","_id":"/news/business","ancestors":{"AmpNav":["/"],"default":["/"],"MainMenu2024":["/","/news"],"BottomNav":[],"TopNavRedesign":[],"SectionMap":["/"],"MainMenuRedesign2021":[],"subnav_news":["/"],"ComposerNav":["/news"]},"order":{"AmpNav":2006,"default":2006,"MainMenu2024":2005,"SectionMap":1067,"subnav_news":1005,"ComposerNav":2009}}},"_website_section_id":"ajc./news/business","type":"section","version":"0.6.0"}],"primary_section":{"path":"/news/business","name":"Business"},"tags":[{"text":"clark"}]},"type":"story","last_updated_date":"2024-03-31T13:15:48.484Z","promo_items":{"basic":{"width":150,"type":"image","distributor":{"mode":"reference","reference_id":"19e74e53-bba3-4c5d-a445-1a2a4a7cd2fe"},"url":"https://cloudfront-us-east-1.images.arcpublishing.com/ajc/BZX36HM4P7TMRFWZKWQPI47FOU.png","height":150}},"canonical_url":"/news/are-indexed-universal-life-insurance-policies-a-good-option-or-a-scam/XDMTENFDOVFNVEJUAWF7GNG73Y","_id":"XDMTENFDOVFNVEJUAWF7GNG73Y"},{"content_elements":[{"_id":"VOH2DHOEQBCC3E3MQZQ3N4MTDE","additional_properties":{"inline_comments":[],"comments":[],"_id":1689008417992},"type":"text","content":"The Georgia legislature this year debated proposals affecting conservation, drinking water, electric vehicles and public access to rivers."},{"_id":"LAGCJU3G2VHHLECC5SZH2ULJWY","additional_properties":{"inline_comments":[],"comments":[],"_id":1711651813914},"type":"text","content":"Here’s a list of the most-watched bills of 2024 and how they fared on the last day of the session, which ended early Friday morning. Bills passed by both chambers now head to Gov. Brian Kemp, who has 40 days to either sign the bill into law or veto it."},{"_id":"MSBVK2ZACVERFPL3PG6DAPDSKQ","additional_properties":{"inline_comments":[],"comments":[],"_id":1711638177994},"type":"text","content":"NOT PASSED: Mining and the Okefenokee Swamp (SB 132): Widely seen as a compromise bill to temporarily protect the Okefenokee from new mining, SB132 didn’t actually have anything to do with swamps. It would have placed a temporary, three-year freeze on new applications for a certain mining technique known as “dragline mining” in areas “for which no prior surface mining permit has been obtained.” It did not include any kind of wetland protections and would not have stopped the controversial Twin Pines mining project near the Okefenokee."},{"owner":{"id":"ajc"},"copyright":"2024 Atlanta Journal-Constitution","address":{"locality":"Folkston","region":"GA"},"auth":{"1":"ebaa2725f93498ec589d3743cce45ec0fd897f045a1a08efa24cfb656c07d045"},"caption":"Aerial photograph shows the Okefenokee Swamp, Tuesday, Mar. 19, 2024, in Folkston. Last month, the Georgia Environmental Protection Division (EPD) released draft permits to Twin Pines Minerals for a 582-acre mine that would extract titanium and other minerals from atop the ancient sand dunes on the swamp’s eastern border, which holds water in the refuge. (Hyosub Shin / Hyosub.Shin@ajc.com)","source":{"system":"AJC Freelancer","name":"AJC Freelancer","edit_url":"","source_type":"wires","source_id":"s3://ajc-arc-photo-integration/Freelancer/032424 OKEFENOKEE HS72.jpg","additional_properties":{"editor":"photo center"}},"taxonomy":{"associated_tasks":["65f1c5983ecf2c28b6c789d3"],"seo_keywords":["AJC Freelancer"]},"type":"image","distributor":{"mode":"custom","name":"AJC Freelancer","category":"wires"},"version":"0.10.9","url":"https://cloudfront-us-east-1.images.arcpublishing.com/ajc/7NBKZOTFQN2VPUUNFJSIFD2V2A.jpg","licensable":false,"credits":{"by":[{"name":"HYOSUB SHIN / AJC","type":"author"}]},"subtype":"Wires","subtitle":"Okefenokee fight","width":6192,"_id":"7NBKZOTFQN2VPUUNFJSIFD2V2A","additional_properties":{"fullSizeResizeUrl":"/resizer/xvPfJvJNORvKQYAdPZkSaB5cH3Q=/arc-anglerfish-arc2-prod-ajc/public/7NBKZOTFQN2VPUUNFJSIFD2V2A.jpg","iptc_source":"AJC","comments":[],"iptc_job_identifier":"65f1c5983ecf2c28b6c789d3","keywords":["environment","mine","minerals","AJC Freelancer","Okefenokee Swamp"],"proxyUrl":"/resizer/xvPfJvJNORvKQYAdPZkSaB5cH3Q=/arc-anglerfish-arc2-prod-ajc/public/7NBKZOTFQN2VPUUNFJSIFD2V2A.jpg","takenOn":"2024-03-19T18:24:18Z","originalUrl":"https://cloudfront-us-east-1.images.arcpublishing.com/ajc/7NBKZOTFQN2VPUUNFJSIFD2V2A.jpg","published":true,"resizeUrl":"/resizer/xvPfJvJNORvKQYAdPZkSaB5cH3Q=/arc-anglerfish-arc2-prod-ajc/public/7NBKZOTFQN2VPUUNFJSIFD2V2A.jpg","thumbnailResizeUrl":"/resizer/kqPvmaOjawk5jz1NRZFu9YqG6mc=/300x0/arc-anglerfish-arc2-prod-ajc/public/7NBKZOTFQN2VPUUNFJSIFD2V2A.jpg","version":2,"originalName":"s3://ajc-arc-photo-integration/Freelancer/032424 OKEFENOKEE HS72.jpg","mime_type":"image/jpeg","restricted":false,"galleries":[],"_id":"ZKVZTMU3FVAONFMPJ7C3NWCYJ4","iptc_title":"staff"},"created_date":"2024-03-20T02:29:20Z","last_updated_date":"2024-03-29T12:30:37Z","slug":"aajc 032424 okefenokee fight","height":4128},{"_id":"QRIWKREDOVDFFMD6QQTAXGVFSA","additional_properties":{"inline_comments":[],"comments":[],"_id":1711712240803},"type":"text","content":"The Twin Pines mine is nearing approval from the Georgia Environmental Protection Division, which recently released draft permits for the project. SB 132 was not brought to the Senate floor for a vote after backlash from some senators."},{"_id":"3DXBYLTXVFCZRORA6SHMTCU5OE","additional_properties":{"comments":[],"_id":"RUUPVUXZMZFCNABFNLI2DWV7IA"},"type":"interstitial_link","content":"Legislature adjourns without new limits on mining near Okefenokee","url":"https://www.ajc.com/politics/georgia-general-assembly-adjourns-without-new-limits-on-mining-near-okefenokee-swamp/XCGJ73IAFJHOBPX3GYT4SDXFY4/"},{"_id":"B42IJTW5JZH6PGZ7TVWLEAKLVY","additional_properties":{"inline_comments":[],"comments":[],"_id":1711657555790},"type":"text","content":"PASSED: Private drinking water systems can bypass local governments (HB 1146): A bill allowing private water systems to bypass local government approval to serve new developments on the coast passed on the last day of the legislature and now heads to the governor. Sponsors of HB 1146 said it was prompted by concerns about the water supply around the $7.6 billion Hyundai “Metaplant” in Bryan County, about 20 miles west of Savannah."},{"owner":{"id":"ajc"},"copyright":"Copyright 2024 @ Stephen B. Morton. All rights reserved","address":{"locality":"Brooklet","region":"Ga."},"auth":{"1":"5deb46ce96ecf69662d5b9b1a5c5fcdff07bfefa5220f498542cf3b9c0103fa2"},"caption":"ELLABELL, GA - FEBRUARY 21, 2024: A water tower under construction, center, at the edge of the Hyundai Metaplant site that will be used to hold groundwater pumped from neighboring Bulloch County, Wednesday, Feb. 21, 2024, Ellabell, Ga. (AJC Photo/Stephen B. Morton)","source":{"system":"AJC Freelancer","name":"AJC Freelancer","edit_url":"","source_type":"wires","source_id":"s3://ajc-arc-photo-integration/Freelancer/Groundwater-20.jpg","additional_properties":{"editor":"photo center"}},"taxonomy":{"associated_tasks":["65d4b58801d6013a9310d054"],"seo_keywords":["AJC Freelancer"]},"type":"image","distributor":{"mode":"custom","name":"AJC Freelancer","category":"wires"},"version":"0.10.9","url":"https://cloudfront-us-east-1.images.arcpublishing.com/ajc/VNKY5ENJGRA4XMAKW72IUKOUQE.jpg","licensable":false,"credits":{"affiliation":[{"name":"Stephen B. Morton for The Atlanta Journal Constitution","type":"author"}],"by":[{"name":"Stephen B. Morton","type":"author"}]},"subtype":"Wires","subtitle":"Hyundai's plan to pump groundwater for EV plant draws pushback in rural Georgia","width":7968,"_id":"VNKY5ENJGRA4XMAKW72IUKOUQE","additional_properties":{"fullSizeResizeUrl":"/resizer/_y7DsOBu6_a2EoABE6Q0f9ZKgzs=/arc-anglerfish-arc2-prod-ajc/public/VNKY5ENJGRA4XMAKW72IUKOUQE.jpg","iptc_source":"Stephen B. 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Home charging will be exempt from the tax. Last year, the legislature passed a law allowing businesses to sell electricity by the kilowatt hour, a measure EV advocates said was crucial for expanding the charging network. It included a 2.84 cent per kilowatt hour tax intended to replace declining motor fuel taxes that pay for road construction, but the state’s agriculture department, which was tasked with collecting it, has been unable to come up with a way to do that."},{"_id":"YFC2CZTGIRDBHDRYSIRQWODQA4","additional_properties":{"inline_comments":[],"comments":[],"_id":1711638177996},"type":"text","content":"PASSED: ‘Public Trust’ removed from from fishing rights law (HB 1172): Lawmakers voted to strip references to the ‘public trust doctrine’ from a law passed last year affirming the public’s right to hunt, fish and traverse navigable streams and rivers."},{"owner":{"id":"ajc"},"copyright":"2023 Atlanta Journal-Constitution","address":{"locality":"Thomaston","region":"GA"},"auth":{"1":"0e8a5f01d0ace97d22d52c92acde8c726b92014c569281453173a4743936ca89"},"caption":"“No Fishing” sign is posted on the private property where fisherman can access to Yellow Jacket Shoals in the Flint River, Thursday, October 19, 2023, in Thomaston. A legal battle over property rights and fishing on the Flint River could have implications for public access to waterways across the state. Recently, two property owners directly across from each other on the Flint River in Upson County and Talbot County, about two hours south of Atlanta, have sued the state to block the public from fishing the shoals that lie between them. (Hyosub Shin / Hyosub.Shin@ajc.com)","source":{"system":"AJC Freelancer","name":"AJC Freelancer","edit_url":"","source_type":"wires","source_id":"s3://ajc-arc-photo-integration/Freelancer/100923 FISNING HS12.jpg","additional_properties":{"editor":"photo center"}},"taxonomy":{"associated_tasks":["65302f2bd5f8cc4bca4d1109"],"seo_keywords":["AJC Freelancer"]},"type":"image","distributor":{"mode":"custom","name":"AJC Freelancer","category":"wires"},"version":"0.10.9","url":"https://cloudfront-us-east-1.images.arcpublishing.com/ajc/F2XCYOLH3Q42PMKTIYFUZTEVTQ.jpg","licensable":false,"credits":{"by":[{"name":"HYOSUB SHIN / AJC","type":"author"}]},"subtype":"Wires","subtitle":"Public access to Georgia rivers lawsuits","width":6048,"_id":"F2XCYOLH3Q42PMKTIYFUZTEVTQ","additional_properties":{"fullSizeResizeUrl":"/resizer/_5dG4VphqI0QC4LTWu2AA0B914E=/arc-anglerfish-arc2-prod-ajc/public/F2XCYOLH3Q42PMKTIYFUZTEVTQ.jpg","iptc_source":"AJC","comments":[],"iptc_job_identifier":"65302f2bd5f8cc4bca4d1109","keywords":["fishing","lawsuit","public access","AJC Freelancer","Flint River"],"proxyUrl":"/resizer/_5dG4VphqI0QC4LTWu2AA0B914E=/arc-anglerfish-arc2-prod-ajc/public/F2XCYOLH3Q42PMKTIYFUZTEVTQ.jpg","takenOn":"2023-10-19T17:14:52Z","originalUrl":"https://cloudfront-us-east-1.images.arcpublishing.com/ajc/F2XCYOLH3Q42PMKTIYFUZTEVTQ.jpg","published":true,"resizeUrl":"/resizer/_5dG4VphqI0QC4LTWu2AA0B914E=/arc-anglerfish-arc2-prod-ajc/public/F2XCYOLH3Q42PMKTIYFUZTEVTQ.jpg","thumbnailResizeUrl":"/resizer/2qa3BmUCG_BaBfmA7lludd4KXt0=/300x0/arc-anglerfish-arc2-prod-ajc/public/F2XCYOLH3Q42PMKTIYFUZTEVTQ.jpg","version":2,"originalName":"s3://ajc-arc-photo-integration/Freelancer/100923 FISNING HS12.jpg","mime_type":"image/jpeg","restricted":false,"galleries":[],"_id":"FWAZQR2MPBE3HLGQM6T3K52JUQ","iptc_title":"staff"},"created_date":"2023-10-20T13:48:29Z","last_updated_date":"2023-11-02T17:52:36Z","slug":"AAJC 100923 fishing","height":4024},{"_id":"54SLILGQSFBRZN22T37CA3NVPE","additional_properties":{"inline_comments":[],"comments":[],"_id":1711713034610},"type":"text","content":"Tensions over who has the right to fish coveted spots along certain Georgia waterways have been rising, with some riverbank property owners claiming exclusive fishing rights. Lawmakers rushed to pass the fishing rights law last year after the state settled a lawsuit with one such property owner."},{"_id":"5G2G7X2MPZBL5GRBRXBRBMUCBE","additional_properties":{"inline_comments":[],"comments":[],"_id":1711713034611},"type":"text","content":"The public trust doctrine is a common law principle that natural resources belong to the public and are held in trust by the state. Agribusiness had sought its removal from the law, citing fears of “frivolous” lawsuits from activists. Environmentalists had said removing the public trust language would have little practical effect, but objected to new wording they believe could be used to narrow the list of protected activities."},{"_id":"MYSID24YURCNNF3NLH5R4CNEKU","additional_properties":{"inline_comments":[],"comments":[],"_id":1711709332093},"type":"text","content":"NOT PASSED: Reestablishing a consumer protection office over utilities (SB 457): Prompted by constituent complaints, this proposal would have reconstituted the office of the Consumers’ Utility Counsel (CUC) to advocate for Georgians in cases affecting the rates charged by utilities, including Georgia Power. The bill appeared to gain momentum amid a series of Georgia Power rate hikes, but stalled in the House."},{"_id":"IZUCPQA7CFAFBBB6G77VCHP3KQ","additional_properties":{"comments":[],"_id":"U6RXTCB43RG6XHUBIWW4J2A7DE"},"type":"interstitial_link","content":"Rising Georgia Power bills spur consumer protection effort at Capitol","url":"https://www.ajc.com/news/business/rising-georgia-power-bills-spur-consumer-protection-effort-at-georgia-general-assembly/L2HDMLL3DVEHXCPUTE7OVU3X74/"},{"_id":"D4ZFDKLV7BFIRN34CGNOBIGRUA","additional_properties":{"inline_comments":[],"comments":[],"_id":1711651813919},"type":"text","content":"NOT PASSED: Private claims to coastal marshland (HB 370): A bill that sought to streamline private claims on coastal marshland failed to meet a key deadline earlier in the session but may come back next year. The proposal was fiercely opposed by environmental groups."},{"_id":"PGAN47JMSBB47B4XPAD7KBZCHE","additional_properties":{"comments":[],"_id":"4BTXKJSI35A4VOQRO6WXS443GI"},"type":"raw_html","content":""},{"_id":"AKM5OFI75NBARL2YVV54LDS6LI","additional_properties":{"comments":[],"_id":"OQ55MQUADJGVHMWUBFNTEESZWY"},"type":"interstitial_link","content":"Bill to streamline private claims on Georgia’s coastal marsh stalls","url":"https://www.ajc.com/news/business/bill-to-streamline-private-claims-on-georgias-coastal-marsh-stalls/HK5K36XTYNCGLFFYQMVH22VWZI/"},{"_id":"JX3UREF46FAJXH4TRLN3MHCK7Y","additional_properties":{"comments":[],"_id":"UJERX5IYPVAJXMENMU6FCGD3A4"},"type":"divider"},{"level":3,"_id":"RTZXDUOBXJB3PHRZSHROU5T5X4","additional_properties":{"inline_comments":[],"comments":[],"_id":1711709332096},"type":"header","content":"A note of disclosure"},{"_id":"3SI5PQUJANCOPMF737LMB6ETDQ","additional_properties":{"inline_comments":[],"comments":[],"_id":1711709332097},"type":"text","content":"This coverage is supported by a partnership with Green South Foundation and Journalism Funding Partners. You can learn more and support our climate reporting by donating at ajc.com/donate/climate/"}],"display_date":"2024-03-29T12:30:37.173Z","credits":{"by":[{"image":{"version":"0.5.8","url":"https://s3.amazonaws.com/arc-authors/ajc/16872719-77cb-4a16-b962-078e506f13e7.jpg"},"socialLinks":[{"site":"email","deprecated":true,"deprecation_msg":"Please use social_links.","url":"meris.lutz@ajc.com"}],"social_links":[{"site":"email","url":"meris.lutz@ajc.com"}],"name":"Meris Lutz","description":"Meris Lutz is a contributing writer covering climate, the environment and the economy. She is particularly interested in stories that explore the intersections between climate change and labor, markets, health, biodiversity, government transparency and public access to natural resources. ","_id":"meris-lutz","additional_properties":{"original":{"lastName":"Lutz","image":"https://s3.amazonaws.com/arc-authors/ajc/16872719-77cb-4a16-b962-078e506f13e7.jpg","role":"Climate, Environment and Economy reporter","education":[],"longBio":"Meris Lutz is a contributing writer covering climate, the environment and the economy. She writes about the impacts of climate change on people’s daily lives, from invasive species in the garden to more expensive power bills on the kitchen table. She is particularly interested in stories that explore the intersections between climate change and labor, markets, health, biodiversity, government transparency and public access to natural resources. ","org":"ajc","affiliations":"The Atlanta Journal-Constitution","bio":"Meris Lutz is a contributing writer covering climate, the environment and the economy. 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","author_type":"Staff","type":"author","firstName":"Meris","books":[],"podcasts":[],"awards":[],"custom_ajc_website":"ajc","_id":"meris-lutz","last_updated_date":"2024-03-29T23:46:32.815Z","bio_page":"/staff/meris-lutz/","byline":"Meris Lutz","email":"meris.lutz@ajc.com","status":false}},"type":"author","version":"0.5.8","url":"/staff/meris-lutz/"},{"image":{"version":"0.5.8","url":"https://s3.amazonaws.com/arc-authors/ajc/ce3bec18-704a-4485-a894-f25cbb9b47b7.png"},"socialLinks":[{"site":"email","deprecated":true,"deprecation_msg":"Please use social_links.","url":"drew.kann@ajc.com"},{"site":"twitter","deprecated":true,"deprecation_msg":"Please use social_links.","url":"https://twitter.com/DrewKann"}],"social_links":[{"site":"email","url":"drew.kann@ajc.com"},{"site":"twitter","url":"https://twitter.com/DrewKann"}],"name":"Drew Kann","description":"Drew Kann is a reporter at The Atlanta Journal-Constitution covering climate change and environmental issues. His passion is for stories that capture how humans are responding to a changing environment. He is a proud graduate of the University of Georgia and Northwestern University, and prior to joining the AJC, he held various roles at CNN.","_id":"drew-kann","additional_properties":{"original":{"lastName":"Kann","role":"Enterprise reporter","education":[],"native_app_rendering":false,"affiliations":"The Atlanta Journal-Constitution","bio":"Drew Kann is a reporter at The Atlanta Journal-Constitution covering climate change and environmental issues. His passion is for stories that capture how humans are responding to a changing environment. He is a proud graduate of the University of Georgia and Northwestern University, and prior to joining the AJC, he held various roles at CNN.","expertise":"18","type":"author","twitter":"https://twitter.com/DrewKann","contributor":false,"beat":"Climate change and the environment","custom_ajc_website":"ajc","bio_page":"/staff/drew-kann/","last_updated_date":"2023-07-10T14:55:01.410Z","byline":"Drew Kann","email":"drew.kann@ajc.com","slug":"","image":"https://s3.amazonaws.com/arc-authors/ajc/ce3bec18-704a-4485-a894-f25cbb9b47b7.png","longBio":"Drew Kann is an enterprise reporter at The Atlanta Journal-Constitution covering climate and environmental issues. His passion is for visual, narrative stories that capture how humans are responding to a rapidly changing environment. He is a proud graduate of the University of Georgia and Northwestern University. Drew began his career at CNN, where he wrote and produced stories on a wide range of topics, from climate change and pollution to immigration and mass incarceration. 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But the company shocked Georgia earlier this month when it hit the brakes on its $5 billion factory — promised since late 2021 — and placed vertical construction indefinitely on hold."},{"_id":"5Y2O4NXCNFAR7DCVXLKIYYKSMY","additional_properties":{"inline_comments":[],"comments":[],"_id":1711545507981},"type":"text","content":"Despite moving production of the startup’s R2 crossover from Georgia to its existing plant in Illinois, Rivian CEO RJ Scaringe said he remains committed to building the factory along I-20 an hour east of downtown Atlanta, stressing it remains critical to the EV-maker’s future."},{"_id":"K4ZAL7XXBVFOXGI566QXUJ5PXQ","additional_properties":{"inline_comments":[],"comments":[],"_id":1711566390574},"type":"text","content":"Lonnie Brown, pastor of Low Moses Baptist Church, which sits in a wooded area off a road a few miles from the Rivian site, thinks the Rivian plant would be a positive for the community to drive growth in the area. But now, he’s not sure what will happen with the development plans."},{"_id":"FZ7NHZ3L4ZCV7MUPDVKHZSSJPU","additional_properties":{"inline_comments":[],"comments":[],"_id":1710985464231},"type":"text","content":"“I just cannot believe they’re going to back out of such a huge project,” Brown said."},{"_id":"UQ3465VXBZBQVDIX5MCVQ732M4","additional_properties":{"inline_comments":[],"comments":[],"_id":1711042309754},"type":"text","content":"“To postpone it probably doesn’t worry a lot of people,” he said, but it would be “a real, real bad thing to pull out completely.”"},{"_id":"FP5OCG4RVRBMTAWEVLSXSDKNKA","additional_properties":{"inline_comments":[],"comments":[],"_id":1711042309750},"type":"text","content":"When the company announced it was pausing its construction plans to shore up its finances, some of the factory site’s neighbors opposed to the project let out a sigh of relief. Others excited by the prospect of the plant’s promised 7,500 jobs tried to remain optimistic."},{"_id":"GIN5PIQ3VJBWJEZVFB7W3ZFEBY","additional_properties":{"comments":[],"_id":"SXKOJTH3H5E63BNZPFWKHJ4P2U"},"type":"interstitial_link","content":"Before pausing Georgia factory, Rivian struggled to meet expectations","url":"https://www.ajc.com/news/business/rivians-decision-to-pause-5b-georgia-factory-follows-production-struggles/DVCQTWS5SJH2JMNGABIDHLV5OQ/"},{"_id":"ERYKYEBYTZH7HP5SO3BDY5XR44","additional_properties":{"inline_comments":[],"comments":[],"_id":1711042309755},"type":"text","content":"While the indefinite pause to North Georgia’s largest economic development project dampens some of the area’s potential growth, the counties surrounding the massive 2,000-acre site have plenty of development momentum regardless of whether EVs ever roll off an assembly line near Rutledge."},{"owner":{"sponsored":false,"id":"ajc"},"address":{},"auth":{"1":"5a760c5ee830035124ac0ab1b296fa393bfb076eb3074407c86ffa72a7aaddc1"},"caption":"A map of the proposed Rivian plant.","source":{"system":"AJC Freelancer","name":"AJC Freelancer","edit_url":"","source_type":"wires","source_id":"s3://ajc-arc-photo-integration/Freelancer/AAJC 012222 rivian social circle web-01.jpg","additional_properties":{"editor":"photo center"}},"taxonomy":{"associated_tasks":["61eb2ab4fcce753d3f1a2e57"],"seo_keywords":["AJC Freelancer"]},"type":"image","distributor":{"mode":"custom","name":"AJC Freelancer","category":"wires"},"version":"0.10.9","url":"https://cloudfront-us-east-1.images.arcpublishing.com/ajc/ZRNGTZKGOBPP57GDJ7YZ3XXMNA.jpg","geo":{},"licensable":false,"credits":{"by":[]},"subtype":"Wires","subtitle":"Rivian","width":580,"_id":"ZRNGTZKGOBPP57GDJ7YZ3XXMNA","additional_properties":{"fullSizeResizeUrl":"/resizer/qiUDJo_OaqmTvrxoLOAvxY7lzgs=/arc-anglerfish-arc2-prod-ajc/public/ZRNGTZKGOBPP57GDJ7YZ3XXMNA.jpg","comments":[],"iptc_job_identifier":"61eb2ab4fcce753d3f1a2e57","keywords":["AJC Freelancer"],"proxyUrl":"/resizer/qiUDJo_OaqmTvrxoLOAvxY7lzgs=/arc-anglerfish-arc2-prod-ajc/public/ZRNGTZKGOBPP57GDJ7YZ3XXMNA.jpg","originalUrl":"https://cloudfront-us-east-1.images.arcpublishing.com/ajc/ZRNGTZKGOBPP57GDJ7YZ3XXMNA.jpg","published":true,"resizeUrl":"/resizer/qiUDJo_OaqmTvrxoLOAvxY7lzgs=/arc-anglerfish-arc2-prod-ajc/public/ZRNGTZKGOBPP57GDJ7YZ3XXMNA.jpg","thumbnailResizeUrl":"/resizer/dViZIwoL8KVOjLH5KSxRIZap914=/300x0/arc-anglerfish-arc2-prod-ajc/public/ZRNGTZKGOBPP57GDJ7YZ3XXMNA.jpg","version":3,"originalName":"s3://ajc-arc-photo-integration/Freelancer/AAJC 012222 rivian social circle web-01.jpg","mime_type":"image/jpeg","restricted":false,"galleries":[],"_id":"F2TVUJIARREBTKQG27TOGRBGPE"},"created_date":"2022-01-21T23:26:47Z","last_updated_date":"2022-02-14T05:12:47Z","slug":"AAJC 012222 rivian social circle","height":226,"image_type":"photograph"},{"_id":"S6G43MFJT5HIVKH27CYCQ5CR44","additional_properties":{"inline_comments":[],"comments":[],"_id":1711042309756},"type":"text","content":"Lance Jones, the interim city manager in the tiny Newton County city of Porterdale, said the I-20 corridor has been rapidly transforming for years with industrial projects flocking to find affordable swaths of land in the big city’s orbit. His town has multiple housing projects in the works that could double its population, which he said is becoming a common story for nearby rural communities."},{"_id":"BIDN5XXUO5C6RG6GNBOHX7BUMI","additional_properties":{"inline_comments":[],"comments":[],"_id":1711042309757},"type":"text","content":"“It’s like these little counties sit there and don’t move, and then all of a sudden, Atlanta turns its eyes upon them and they explode,” he said. “That’s where Newton County is right now.”"},{"_id":"WBAERNNL4ZC53B4TDU4TDABYLQ","additional_properties":{"inline_comments":[],"comments":[],"_id":1711042309758},"type":"text","content":"Newton along with Jasper, Morgan and Walton counties along I-20 have seen an influx of residents and corporate investment before Rivian planted its flag in the region. But the company’s decision to pause is prompting concerns about repercussions for local residents living in its shadow."},{"_id":"QVO6O36GANGKLGMHC7BK4YQ7LM","additional_properties":{"inline_comments":[],"comments":[],"_id":1711035315646},"type":"text","content":"“The state’s invested way too much money on the site to let it sit idle,” said Chuck Jarrell, planning and development director for Morgan County. “And so the question is, ‘What’s next?”"},{"level":3,"_id":"IFTR4LRREBCWRMJOMFEDRY7KQI","additional_properties":{"inline_comments":[],"comments":[],"_id":1710985464235},"type":"header","content":"Obligations are not paused"},{"_id":"VSO4XLAA2RG6JOZXIJTTC3FGYI","additional_properties":{"inline_comments":[],"comments":[],"_id":1710985464236},"type":"text","content":"The local joint development authority that owns the site and leased it to the automaker says Rivian has continued to uphold its part of the bargain."},{"_id":"5YUPVIASFVAI3BY7OY72CDVPZQ","additional_properties":{"inline_comments":[],"comments":[],"_id":1711566390586},"type":"text","content":"Part of their development agreement provides Rivian with about $700 million in local property tax savings in exchange for payment in lieu of taxes, or PILOT, payments to go to county governments and schools. Rivian is up-to-date on those payments with $3 million transferred so far. The company has not given a timeline to begin construction, and it has until 2031 to deliver on its investment and job creation promises before the state can look for another corporate suitor."},{"_id":"PKA6R7WDA5FJDOAYD2EXP5L6JE","additional_properties":{"inline_comments":[],"comments":[],"_id":1711566390587},"type":"text","content":"“While we are certainly disappointed by this announcement, we acknowledge the reasons why the company made this business decision,” Andrea Gray, the authority’s attorney, said Tuesday during a packed public meeting. “... Construction is paused, but PILOT payments and Rivian’s obligations to maintain the site are not paused.”"},{"_id":"DNFWPJU23FD5HLMPJSZJSQ4JHY","additional_properties":{"comments":[],"_id":"LX3LDWBCNRHBBJWCHBAOJMPNKY"},"type":"interstitial_link","content":"Kemp: Rivian and Georgia remain ‘committed’ to $5B EV factory","url":"https://www.ajc.com/politics/kemp-on-rivian-ev-plant-theyre-telling-us-is-theyre-still-committed/M7XHXZOAUZG4XGDYB23N4OVK5U/"},{"_id":"6EMGS23YKZGL7MKL3ZU7IO5L7Q","additional_properties":{"inline_comments":[],"comments":[],"_id":1711545507996},"type":"text","content":"Several residents on Tuesday aired grievances about impacts of an idle site. One of the most prominent concerns has been runoff that some residents say has sullied their well water."},{"_id":"HUBKWRKPFFG3XJPEFLKHLROXDI","additional_properties":{"inline_comments":[],"comments":[],"_id":1711046162721},"type":"text","content":"Grading on a 577-acre portion of the Rivian site is complete, which was paid for by taxpayers as part of the $1.5 billion package of incentives granted to the company. Five residents near the factory site sued in 2022 to stop excavation work, claiming it was sending mud onto their properties and in one case into their private well — but a judge declined to issue a stop-work order."},{"_id":"OD6FK7EOMBFZ3PYBUNFYOKU4AQ","additional_properties":{"inline_comments":[],"comments":[],"_id":1711031707300},"type":"text","content":"Rivian took over control of the property last fall and has to maintain the land, including managing runoff and complying with environmental laws."},{"owner":{"sponsored":false,"id":"ajc"},"copyright":"2024 Atlanta Journal-Constitution","address":{},"auth":{"1":"c453cd47f291fbd4d8ddc8a6edd22218ca58e8dbff2ffd7310b94961fc2bed1a"},"caption":"An aerial perspective of the Rivian Plant reveals slight activity among the heavy machinery following the corporation's recent announcement to suspend the extensive construction work at the Georgia site. Tuesday, March 19, 2024. 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You have hard, compacted dirt.”"},{"owner":{"sponsored":false,"id":"ajc"},"copyright":"2024 Atlanta Journal-Constitution","address":{"street_address":"Rivian construction site","locality":"Rutledge","region":"Ga"},"auth":{"1":"9f2a98e7eab1bcb1561be8bbd0b1eab9946b62ef15f2a4c6f473a8c47ca5e583"},"caption":"Morgan County Commissioner Blake McCormack poses for a photograph across from one of the roads leading to the Rivian construction manufacturing plant. 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That would have been worse,” he said."},{"level":3,"_id":"Y5NQKJYI7ZC4XNAETLL42KX4PE","additional_properties":{"inline_comments":[],"comments":[],"_id":1710977899333},"type":"header","content":"‘Keep our character’"},{"_id":"ZNVCGHDWRRG6VLYU3362IKQKSY","additional_properties":{"inline_comments":[],"comments":[],"_id":1711037442049},"type":"text","content":"Chandler Breedlove, co-owner of Rutledge Hardware store in the center of town, said Rivian’s arrival “may have been good for business here.“ His store is within a collection of shops clustered around an intersection with stop signs inside a red barrel."},{"_id":"KGRRYF56EVCGDLG6GHHDY5OOMA","additional_properties":{"inline_comments":[],"comments":[],"_id":1711569336784},"type":"text","content":"But, ”the environmental effect would have been less than ideal,” he said, citing concerns about runoff and water quality."},{"owner":{"sponsored":false,"id":"ajc"},"copyright":"2024 Atlanta Journal-Constitution","address":{},"auth":{"1":"09bd361ec7ae16fe77a984ea9a0a4ae37d175a57fa7e91f4d270be5a09f5bb3f"},"caption":"Chandler and Gavin Breedlove are seen organizing merchandise at the Rutledge Hardware store on Tuesday, March 19, 2023. 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Garrett Wiley, government affairs director for the Greater Atlanta Home Builders Association, said that’s presented issues for developers looking to start projects in the area."},{"_id":"NBXQCTPMZNGIZMINOGT3XUVGII","additional_properties":{"inline_comments":[],"comments":[],"_id":1711042309819},"type":"text","content":"“There needs to be a significant amount of builders and residential developers down there right now, and there just aren’t because of their fear of community backlash,” Wiley said. “What are the incentives to go buy someone’s farmland and put lots down if they’re going to have to go battle red shirts at a commission meeting?”"},{"_id":"Y5LJQFHQ4NDYTD62LJ6CJ2UM6U","additional_properties":{"comments":[],"_id":"CWZUVRQVR5C2VCV3PEL3NNJLVI"},"type":"interstitial_link","content":"With Rivian’s Georgia plant paused, massive site’s fate is uncertain","url":"https://www.ajc.com/news/business/with-rivians-georgia-plant-paused-massive-sites-fate-is-uncertain/JCNXUO2EOFBVZLLNBRQGRDC6UE/"},{"_id":"27RFSN4F45FS7J7B6MSGQAMBWA","additional_properties":{"inline_comments":[],"comments":[],"_id":1711046162744},"type":"text","content":"Some large residential projects are moving forward unimpeded by Rivian’s decision to pause. That includes a massive subdivision planned near Lake Oconee and two other smaller subdivisions, Jarrell said."},{"_id":"KGPUCJ7BHJHTNDOLCFZIUOHVTA","additional_properties":{"inline_comments":[],"comments":[],"_id":1711046162745},"type":"text","content":"Last month, a 651 single-family home subdivision was proposed near Porterdale. Jones, the interim city manager, said another project in Porterdale called Cedar Shoals is primed to deliver 1,200 housing units across apartments, townhomes and single-family houses."},{"_id":"AS3TFQKNURBQHIFKJDFNDMFTWE","additional_properties":{"inline_comments":[],"comments":[],"_id":1711046162746},"type":"text","content":"“Neither of them have told me me anything about pausing,” Jones said. “They’re full speed ahead.”"},{"level":3,"_id":"R6LWJ44PANHFHN7BWREQCILDCE","additional_properties":{"inline_comments":[],"comments":[],"_id":1711035315657},"type":"header","content":"Growth continues"},{"_id":"ASBO6OPZMVDGFPV2HR4RPBMVC4","additional_properties":{"inline_comments":[],"comments":[],"_id":1711046162748},"type":"text","content":"Some Rivian supporters have been banking on the economic benefits of the project."},{"_id":"V4E4I2EZ6JB67ETFQBNG4BMUTQ","additional_properties":{"inline_comments":[],"comments":[],"_id":1711035315653},"type":"text","content":"Brown, the pastor, said if more people move into town, “they’re going to need to go to church... That was the hope for a lot of the people, that they were bringing a large number of jobs.”"},{"_id":"V4E4I2EZ6JB67ETFQBNG4BMUTQ","additional_properties":{"inline_comments":[],"comments":[],"_id":1711035315655},"type":"text","content":"Zachary Middleton, who lives in Monticello about a 35-minute drive south of the Rivian site and is running for a city council seat, likes the financial benefits and jobs a Rivian plant could bring to Jasper County, which is part of the four-county joint development authority that made the Rivian project possible."},{"_id":"62TULVUPAFA25M3P7XHORUCAQI","additional_properties":{"inline_comments":[],"comments":[],"_id":1711035315656},"type":"text","content":"“Rivian’s just making a normal business decision, and they haven’t cancelled anything. It’s just a pause,” Middleton said. “It makes sense.”"},{"owner":{"sponsored":false,"id":"ajc"},"copyright":"2024 Atlanta Journal-Constitution","address":{},"auth":{"1":"e645d33a6a6eecff500ca86be28780d52a765c6e7031614988563a92a947c6d4"},"caption":"From an aerial vantage point of the Rivian Plant, there is minor to no movement among the heavy machinery after the corporation's recent decision to halt the extensive construction efforts at the Georgia location. Tuesday, March 19, 2024.\rMiguel Martinez /miguel.martinezjimenez@ajc.com","source":{"system":"AJC Freelancer","name":"AJC Freelancer","edit_url":"","source_type":"wires","source_id":"s3://ajc-arc-photo-integration/Freelancer/Rivian Plant 014.JPG","additional_properties":{"editor":"photo center"}},"taxonomy":{"associated_tasks":["65f3451f3ecf2c28b6c85243"],"seo_keywords":["AJC Freelancer"]},"type":"image","distributor":{"mode":"custom","name":"AJC Freelancer","category":"wires"},"version":"0.10.9","url":"https://cloudfront-us-east-1.images.arcpublishing.com/ajc/6RBXLN3QMUB6GYJWHVMESIXN4I.JPG","geo":{},"licensable":false,"credits":{"affiliation":[{"name":"Miguel Martinez","type":"author"}],"by":[{"name":"Miguel Martinez","type":"author"}]},"subtype":"Wires","subtitle":"Rivian enterprise","width":960,"_id":"6RBXLN3QMUB6GYJWHVMESIXN4I","additional_properties":{"fullSizeResizeUrl":"/resizer/dobra79kTnLK7PHKyOjseLV6Rq4=/arc-anglerfish-arc2-prod-ajc/public/6RBXLN3QMUB6GYJWHVMESIXN4I.JPG","comments":[],"iptc_job_identifier":"65f3451f3ecf2c28b6c85243","keywords":["AJC Freelancer","Morgan County Commissioner Blake McCormack","Rivian"],"proxyUrl":"/resizer/dobra79kTnLK7PHKyOjseLV6Rq4=/arc-anglerfish-arc2-prod-ajc/public/6RBXLN3QMUB6GYJWHVMESIXN4I.JPG","takenOn":"2024-03-19T16:42:44Z","originalUrl":"https://cloudfront-us-east-1.images.arcpublishing.com/ajc/6RBXLN3QMUB6GYJWHVMESIXN4I.JPG","published":true,"resizeUrl":"/resizer/dobra79kTnLK7PHKyOjseLV6Rq4=/arc-anglerfish-arc2-prod-ajc/public/6RBXLN3QMUB6GYJWHVMESIXN4I.JPG","thumbnailResizeUrl":"/resizer/gcxbBB7JCgo6Z7yOoO7ByT3J_Y0=/300x0/arc-anglerfish-arc2-prod-ajc/public/6RBXLN3QMUB6GYJWHVMESIXN4I.JPG","version":2,"originalName":"s3://ajc-arc-photo-integration/Freelancer/Rivian Plant 014.JPG","mime_type":"image/jpeg","restricted":false,"galleries":[],"_id":"RY2UYBB32ZCWFKM2BXA4TURBZU","iptc_title":"Multimedia Journalist"},"created_date":"2024-03-20T14:58:37Z","last_updated_date":"2024-03-28T16:55:07Z","slug":"aajc 032424 rivian enterprise folo","height":540,"image_type":"photograph"},{"_id":"R6LWJ44PANHFHN7BWREQCILDCE","additional_properties":{"inline_comments":[],"comments":[],"_id":1711035315657},"type":"text","content":"Rivian is poised to join a growing roster of large companies in the Stanton Springs industrial park, which already houses data centers by Facebook owner Meta and a 1.1-million-square-foot factory that makes plasma therapy products by Takeda."},{"_id":"B5MYURPXVZCYFGTTNQNEUUVF7U","additional_properties":{"inline_comments":[],"comments":[],"_id":1711042309814},"type":"text","content":"“We were always going to grow,” said Serra Hall, the executive director of the Newton County Industrial Development Authority. “Rivian is just an addition to our growth.”"},{"_id":"5U2LVBQPEVGBLM5FD7TKXR7VQM","additional_properties":{"comments":[],"_id":"P4Q4HKJZCJC4RF5MUPEEFMFVF4"},"type":"interstitial_link","content":"$91M in grants to help Newton County prepare for Rivian’s water needs","url":"https://www.ajc.com/news/113m-in-grants-to-help-newton-county-prepare-for-rivians-water-needs/BOWMPTGKTRD4HGD4MQHSLJQMHI/"},{"_id":"6HYQFC4L3JBN3B6USDZOIYIH4Q","additional_properties":{"inline_comments":[],"comments":[],"_id":1711046162754},"type":"text","content":"Newton and Walton counties, which fall into the core 21-county metro Atlanta area, are both expected to see their populations double from 2020 to 2050, according to the Atlanta Regional Commission. Rivian’s pause won’t reverse that trend."},{"_id":"T7GRGGJHQ5CT3NOOZG6PTWXPXQ","additional_properties":{"inline_comments":[],"comments":[],"_id":1711035636912},"type":"text","content":"Some who have been in favor of the Rivian project want their children to be able to get jobs in the county. But many people are moving to the area because “they like the rural aspect,” Jarrell said."},{"_id":"MI4YYC5LVFHIDEY5C6SPVMOSAY","additional_properties":{"inline_comments":[],"comments":[],"_id":1711035315664},"type":"text","content":"“It seems like everybody wants to put a gate across I-20 as soon as they move here,” he said."},{"_id":"JLNV2P2JKFDHPNZC5CRZT6IR2Q","additional_properties":{"inline_comments":[{"pos":73,"comment":"4"}],"comments":[],"_id":1711370907106},"type":"text","content":"Cox Enterprises, owner of The Atlanta Journal-Constitution, owns about a 3% stake in Rivian."}],"display_date":"2024-03-29T10:19:53.96Z","credits":{"by":[{"image":{"version":"0.5.8","url":"https://s3.amazonaws.com/arc-authors/ajc/5f92eb8c-65ec-4d6b-905f-1943f365f66f.png"},"socialLinks":[{"site":"email","deprecated":true,"deprecation_msg":"Please use social_links.","url":"kelly.yamanouchi@ajc.com"},{"site":"facebook","deprecated":true,"deprecation_msg":"Please use social_links.","url":"https://www.facebook.com/atlantaairportnewsnow/"},{"site":"twitter","deprecated":true,"deprecation_msg":"Please use social_links.","url":"https://twitter.com/atlairportnews"}],"social_links":[{"site":"email","url":"kelly.yamanouchi@ajc.com"},{"site":"facebook","url":"https://www.facebook.com/atlantaairportnewsnow/"},{"site":"twitter","url":"https://twitter.com/atlairportnews"}],"name":"Kelly Yamanouchi","description":"Business reporter Kelly Yamanouchi covers airlines and the airport including Atlanta-based Delta Air Lines, one of the world's largest carriers, and Hartsfield-Jackson, the world's busiest airport. 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Piggy bank vs real bank – where should your savings go? (2024)

FAQs

Why would a bank be a better place to save money than a piggy bank? ›

It has an economic value

If savings are put aside on a bank account, the bank can (partially) lend this money to those who needed for their investments.

What is the difference of saving money in a bank and piggy bank? ›

If you do, do you know merely saving in a piggy bank isn't enough to meet all your financial goals. Because the inflation bug has the power of erode the value of money. On the other hand, a Savings Bank Account is the most basic type of account where you can deposit your money and withdraw as and when you need.

Is a piggy bank the best way to save money? ›

A piggy bank may seem like a juvenile way of managing your money, but it can actually be a really handy—and simple—way to start a savings plan. Just start dropping your change in a good old fashioned piggy bank and watch your savings grow.

What is the most money you should keep in a bank? ›

The recommended amount of cash to keep in savings for emergencies is three to six months' worth of living expenses. If you have funds you won't need within the next five years, you may want to consider moving it out of savings and investing it.

What are the advantages of putting money in a piggy bank? ›

Piggy banks offer an opportunity for children to set financial goals and work towards achieving them. Whether it's saving for a toy, a treat, or a more significant purchase, children can allocate a portion of their earnings or allowances to their piggy banks, gradually accumulating funds until they reach their target.

Why is it bad to save money in the bank? ›

So if you keep your retirement nest egg in a savings account, you might lose out on the higher returns you need to outpace inflation over time. Also, a savings account won't give you any sort of tax break on your money.

Why piggy bank for kids? ›

The piggy bank habit will help children comprehend the value of money at their own pace, amid other chores like homework, exams, tuitions and recreation. Thankfully, there are many innovative ways of ensuring a strong foundation without being unduly preachy such that children develop good savings habits the fun way.

What are the disadvantages of a piggy bank? ›

Here are the five biggest problems with a piggy bank:
  • A piggy bank doesn't pay interest. Kids should learn that their savings should be put to work and not just sit there!
  • A piggy bank isn't really that secure. ...
  • A piggy bank doesn't allow you to automate anything. ...
  • A piggy bank is clutter. ...
  • Cash.

Why does everyone use a piggy bank? ›

They are generally painted and serve as a pedagogical device to teach the rudiments of thrift and saving to children; money can be easily inserted. Many piggy banks have a rubber plug located on the underside; others are made of vinyl and have a removable nose for easy coin access.

Are piggy banks good for kids? ›

Teaching kids to form good money habits is all about teaching them about spending, saving and giving responsibly. Piggy banks don't allow children to differentiate or set-aside money for specific purposes. They don't keep track of deposits and withdrawals, savings goals or generosity.

Should kids have piggy banks? ›

Piggy banks can be useful tools to help teach a child the basics of spending and saving. Here's how to instill responsible money habits and foster a charitable spirit at the same time.

Should you put money in a piggy bank as a gift? ›

You can make saving fun for your child by getting them a special piggy bank or taking them to the bank to open a savings account in their name. You can also discuss with your child what they want to save up for—and how they can earn the money to pay for it.

What bank do most millionaires use? ›

The Most Popular Banks for Millionaires
  1. JP Morgan Private Bank. “J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said. ...
  2. Bank of America Private Bank. ...
  3. Citi Private Bank. ...
  4. Chase Private Client.
Jan 29, 2024

Where do millionaires keep their money? ›

Cash equivalents are financial instruments that are almost as liquid as cash and are popular investments for millionaires. Examples of cash equivalents are money market mutual funds, certificates of deposit, commercial paper and Treasury bills. Some millionaires keep their cash in Treasury bills.

How much cash should you keep at home? ›

In addition to keeping funds in a bank account, you should also keep between $100 and $300 cash in your wallet and about $1,000 in a safe at home for unexpected expenses. Everything starts with your budget. If you don't budget correctly, you don't know how much you need to keep in your bank account.

Why are banks a great place to keep savings? ›

Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the FDIC for bank accounts or the NCUA for credit union accounts. Certificates of deposit (CDs) issued by banks and credit unions also carry deposit insurance.

Why is it better to place your money in a bank instead of hiding your money under the mattress? ›

In fact, banks are safer than keeping a large amount of cash in your wallet or under your mattress. That's because banks have security systems and technologies to protect your money against theft and fraud. Protection from fire, flood or theft. Cash can be stolen, damaged or destroyed.

Is a bank a good place to save money? ›

A checking account at a federally insured bank or credit union is a safe spot for money that's earmarked for bills and everyday spending. It's not necessarily the best place to save your money, however, since most earn little or no interest.

Why should I store money in a bank? ›

Why? Because putting your money in an FDIC-insured bank account can offer you financial safety, easy access to your funds, savings from check-cashing fees, and overall financial peace of mind.

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