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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Images by GettyImages; Illustration by Bankrate President Donald Trump’s support of crypto markets has led to a slew of changes this year. Regulatory crackdowns have eased and new pro-crypto bills have passed. Lawsuits against major crypto companies have been dropped and Bitcoin has hit a couple of all-time highs, breaking…
Gold seems to be hitting new all-time highs month after month. The yellow metal soared through $3,600 an ounce in early September, and judging by the commodity’s price chart, the sky’s the limit. One major investment bank came out recently with its gold price prediction. Spoiler alert: Gold could continue…
Loren Jerae, a 26-year-old stay-at-home mom in Charlotte, North Carolina, has already begun Christmas shopping. She’ll frequent thrift stores, online marketplaces and clearance racks for the next few months until she’s curated the perfect pile of presents for her 5-year-old son. As a young mom, “I didn’t want our finances…
When a disaster strikes, you’re thinking about the safety of yourself and your loved ones, sometimes followed by the daunting task of rebuilding your home. Taxes are likely the furthest thing from your mind. But when the dust settles, the government does offer some tax assistance for disaster victims in…
Tax credits and tax deductions are two powerful ways to save money on your taxes. Credits cut your tax bill dollar-for-dollar — they’re the most valuable type of tax benefit for most taxpayers — while deductions reduce the amount of income subject to tax, which lowers your overall bill. If…
Key takeaways There are some cards that allow you to automatically earn rewards in your top spending categories without opting in. The advantage for you is that you don’t need to put in an effort to identify certain categories to earn rewards each period. It’s better to use these cards…
David Papazian/Getty Images Friday’s tepid jobs report means mortgage rates might finally be poised to fall. The U.S. economy created few jobs in August, the Labor Department reported, news that could set the stage for both a rate cut by the Federal Reserve and a downturn in mortgage rates. “Mortgage…
This page was originally published in late 2024 and reflects the author’s financial decisions during that time. The offers mentioned may not currently be available. Key takeaways Cruises can be easy to budget and plan since most of the costs involved are fixed, meaning you know what you’re paying upfront.…
Flamingo Images/ Shutterstock Key takeaways Promotional CDs often have higher rates than standard CDs. Promotional CDs may come in irregular term lengths, such as 21 months instead of the standard 24 months. Financial institutions commonly offer promotional CDs as a way of attracting new customers. Promotional certificates of deposit (CDs)…
Key takeaways Paying off a car loan early may help save money on interest, though the true savings depend on the type of loan you have. Early loan payoff can also give you ownership of the vehicle sooner and reduce the risk of being upside-down on the loan. Before deciding…
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