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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Usually you should plan to keep your tax returns for a minimum of three years from the date you filed your original return. But there are situations where you should keep your tax returns even longer. How long you should keep these documents varies based on a few factors. Keep…
Prostock-Studio/Getty Images Key takeaways Making student loan payments biweekly instead of monthly results in one extra full payment per year, shortening your payoff time. Biweekly student loan payments reduce the total amount of interest you will pay back. Make sure your budget aligns with making half payments biweekly instead of…
Key takeaways Personal loans can be an excellent tool to consolidate debt and simplify your bill-paying schedule to avoid credit-damaging missed payments. The installment nature of personal loans can be aligned with other financially freeing goals since the payments don’t change. Because most personal loans are unsecured, you avoid borrowing…
Key takeaways You may be eligible for a bad credit personal loan with a score below 580. Personal loan lenders specializing in bad credit loans will likely scrutinize your income and employment history more closely. A bad credit loan can be useful tool to put you on a path to…
Halfpoint Images/Moment/Getty Images Key takeaways Both the Capital One Savor Student Cash Rewards Credit Card and the Bank of America® Customized Cash Rewards credit card for Students for Students are good cards for college students who want to earn cash back on their spending. The Savor Student Cash card earns…
When was the last time you looked closely at your insurance policies? If your answer is “I don’t remember,” you’re not alone. Trust me, I get it — they’re boring and filled with confusing jargon. But your insurance may be costing you more than you realize. I don’t know about…
Planning for retirement can feel overwhelming, but fortunately, there are several savings tools available to help take the sting out of the process. By utilizing these tools, you can create a financial strategy that helps you save for retirement. Two common options are deferred compensation plans and 401(k)s. While both…
Image by Getty Images, Illustration by Bankrate Key takeaways Personal loans cannot be used to pay tuition. Personal loans can help cover personal expenses once you exhaust student loans. Personal loans feature fast funding times and attractive rates, but they are often more expensive and lack the perks of student…
seksan Mongkhonkhamsao / Getty Images Key takeaways Businesses don’t have to resort to layoffs and shrinking inventories to reduce costs. Making a few tweaks to your current spending and optimizing your assets can boost profit margins. You can also tap into your local community for talented workers and resources. Apply…
Pros of Having a Credit Card as a First-Year Student: Benefits of Student Credit Cards One of the biggest pros of having a credit card as a first-year student is the chance to start building a credit rating early. Having a card and using it responsibly, such as paying off…
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