At a time of sticky inflation and a softening job market, extra money in the bank can serve as a lifeline for many consumers. Yet 8 in 10 Americans did not increase their emergency savings this year, a new Bankrate survey found, leaving them in no better financial position to…
While the top ten largest credit unions still hold significantly less in assets than even the top five largest banks, they have been growing considerably in recent years. Just within the last five years, total assets in federally insured credit unions have risen by approximately 45 percent over the past…
Key Takeaways: Transition Challenges: Veterans face unique financial challenges when transitioning from military to civilian life, including employment hurdles, healthcare costs, and housing instability. Employment and Economic Stability: Despite strong leadership skills, veterans often encounter unemployment or underemployment due to skill mismatches. Support from programs like VETS and the GI…
Key takeaways Most unemployment payment delays happen due to missing information, fraud checks, or system backlogs. You can often fix the issue by verifying your ID, submitting missing documentation, or updating your payment profile. While you wait, contact lenders to negotiate temporary relief and use savings accounts or short-term loans…
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The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
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Reaching age 65 doesn’t automatically change how the IRS taxes your 401(k) withdrawals. Instead, it taxes distributions from a traditional 401(k) as ordinary income, just like wages or Social Security benefits. Your tax rate depends on your total taxable income and filing status in the…
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The Downsides of Credit Card Churning and Why It Is Risky You may be asking yourself, “Those benefits sound great, why is credit…
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The fundamental flaws in the way the Federal Reserve operates these days were on full display Wednesday when Jerome Powell talked to the…
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Applying for a mortgage can feel like a daunting process, one that comes with lots of paperwork and a long list of mortgage terminology that you’ll need to understand. This guide covering the most common mortgage terms can help you sort through it all and navigate the process with confidence. …
Key takeaways Call options give you the right to purchase a stock at a specific price by a specific point in time. Call options can rise many times in value, making them especially attractive for traders who want to make a lot of money. Despite the ability to make a…
By all counts, the past month hasn’t been kind to small business owners. With the Bureau of Labor statistics reporting a nearly million-job shortfall since March, and with tariff worries sapping consumer confidence and spending, the current business landscape is looking tough. Despite this, business owners are remaining optimistic about…
Key takeaways Grants can help Black female business owners bridge the funding gap Many grants are tailored to specifically help Black business owners and women business owners overcome racial biases Grants designed to help minority business owners overcome barriers are currently facing legal challenges Additional resources are available, including minority…
Key takeaways Lenders deny loan applications due to reasons like poor credit, insufficient collateral, industry and more. Having a small business loan denied doesn’t mean businesses can’t secure one in the future. Before reapplying for a loan, determine why the previous application was denied and make sure you’re applying with…
Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Arvest Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit…
Key takeaways: President Donald Trump signed a bill in July that would implement cuts to Medicaid enrollment and funding, which will be rolled out over the next three years. The cuts would increase medical costs for many Americans with disabilities and may make it harder for some families to save…
The appeal of the best dividend mutual funds should be clear: They offer a sizable dividend today, and they can grow in the future, helping investors win both ways. Plus, they offer other benefits, including lower risk through diversification. So the best dividend mutual funds are an attractive prospect for…
The IRS mandates withdrawals from pre-tax retirement accounts once you reach a certain age. These are referred to as required minimum distributions (RMDs). For many retirees, RMDs don’t change much since they already take out more than the minimum to cover living costs. But, for those who want to withdraw…
Key takeaways Financial literacy is the ability to handle everyday money basics — budgeting, paying bills on time, building a starter cushion and using credit responsibly. Financial fluency is a step beyond literacy: You understand financial concepts well enough to solve problems and deliberately use tools like credit, refinancing and…
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