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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While most personal loan interest rates are fixed, federal rate changes and inflation do impact interest rates for new loan borrowers, although indirectly. As the cost of living rises and more Americans take on personal loan debt, it is important for consumers to understand how inflation and federal rate changes…
Key takeaways After you earn and redeem your credit card welcome bonus, you might be worried that you’ll never see that many points in your account again. A welcome bonus isn’t the only way to earn big when it comes to points or cash back rewards. You can earn extra…
Elon Musk has risen to fame by founding some of the most innovative tech companies in the world today, including electric vehicle maker Tesla and space exploration company SpaceX. Today, Musk ranks as the richest person in the world, according to Bloomberg, largely thanks to his roughly 13 percent stake…
This page was originally published in early 2023 and still contains relevant interview quotes from that time. The rest of the article has since been updated. Key takeaways Making your child an authorized user on your credit card can help them learn responsible spending habits and build their credit. Authorized…
Annuities are often purchased to help secure a reliable stream of income in retirement. Life insurance companies are the primary provider of annuities. Each company on our list offers a variety of annuity products, each with unique features and benefits. With so many options out there, the challenge lies in…
In this do-it-yourself digital age, home sellers and buyers alike might wonder if they really need real estate agents — or, more precisely, if they need to pay agent fees. Just how crucial are these agents to a successful real estate transaction? Well, a good agent is really pretty useful.…
Key takeaways Membership in the Bank of America Preferred Rewards program can increase rewards earnings by 25 to 75 percent on every transaction. Qualifying for the program requires a minimum three-month combined average daily balance of $20,000 across eligible accounts. Taking advantage of the Preferred Rewards program boosts the rewards…
Key takeaways Chase allows customers to cancel their credit cards over the phone, by mail and online. Closing a credit card account may negatively impact your credit score, so it’s important to carefully consider your options. There are alternatives to closing your Chase credit card, such as requesting a product…
Key takeaways The Chase Instacart Mastercard® delivers 5 percent cash back on the first $6,000 of qualifying Instacart orders annually (then 1 percent), as well as a modest welcome bonus that’s easy to earn. With decent cash back rewards in other everyday categories — including gas stations, restaurants and select…
Annuities are often popular with retirees and those looking to retire because of the steady income stream they can provide. But annuities tend to come with high costs and commissions for salespeople that eat into investors’ returns. Some firms now offer annuities without commissions, which could be better for investors.…
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