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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Key takeaways Chase Bank leads California with over 900 branches statewide, making it the top choice for in-person banking access. Quontic Bank offers the highest rates for online banking, with savings accounts earning over 4 percent APY. Patelco Credit Union provides members access to 30,000+ fee-free ATMs nationwide through the…
Key takeaways Wells Fargo leads Florida with the most branches statewide, offering convenient access across the Sunshine State. PNC Bank provides strong regional coverage with access to 60,000+ ATMs nationwide for frequent travelers. Suncoast Credit Union is Florida’s largest credit union, serving nearly 80 branches with low fees and competitive…
Key takeaways Wells Fargo operates over 500 branches across Texas, providing the most extensive branch network in the Lone Star State. Texas Capital Bank earned Bankrate’s 2024 Regional Bank Award with competitive rates and no monthly fees for Texas residents. Randolph-Brooks Federal Credit Union serves over 1 million members with…
Key takeaways The IRS’ rule of 55 lets workers who leave their jobs take penalty-free 401(k) withdrawals early. To take advantage of the rule of 55, your company’s retirement plan must allow these early withdrawals. Some workers, such as those who would be pushed into a higher tax bracket, should…
Selling your home can have tax consequences if its value has gone up. The IRS offers an exemption that lets you exclude some of the profit from capital gains tax when selling your primary residence, as long as you meet certain rules. This can save you a significant amount of…
Stewart Cohen/Getty Images Key Takeaways Home values have consistently hit record highs in recent years, which has created a surge in more equity-rich homeowners. To be considered “equity rich”, a property’s outstanding mortgage balance should be less than half of its market value. Being equity rich makes it easier to…
Key takeaways The median American has $8,000 in transaction accounts (savings, checking, money market), while the average balance is $62,410 as of 2022 Federal Reserve data. Only 46% of U.S. adults have enough emergency savings to cover three months of expenses, according to Bankrate’s 2025 Emergency Savings Report. Savings vary…
Key takeaways You can significantly boost your net worth by maximizing contributions to retirement accounts and leveraging employer matches. Strategically tackle high-interest debt, especially credit card debt, by paying more than the minimum. Utilize budgeting tools to streamline your spending and identify ways to save money. Building your net worth…
MoMo Productions/ Getty Images Key takeaways As of July 2025, a federal judge abolished proposed federal rules to remove medical debt from consumer credit reports. Medical debt over $500 will still appear on credit reports after one year in collections. If you have difficulties paying your medical bills, consider negotiating…
Key takeaways Fannie Mae, officially the Federal National Mortgage Association, is a government-sponsored enterprise that helps maintain liquidity in the mortgage market. It does not offer mortgages directly to consumers; rather, it sponsors various loan programs that can be obtained through approved lenders. Since its establishment in 1938, Fannie Mae…
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