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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Three years ago, Facebook parent company Meta agreed to pay a whopping $725 million to settle a class action lawsuit accusing it of making users’ data available without their consent (Meta denied wrongdoing). Payments were finally scheduled to start hitting consumers’ wallets this month, but court filings from last week…
In 2000, internet darling Cisco was the world’s most valuable company. Today it’s worth half as much. AI juggernauts like Nvidia and Palantir are driving the tech-bloated S&P 500 today. Buyer beware. Atthe end of the 1990s, there was one narrative on every stock broker’s lips. The so-called world wide…
The conversations that happen when you gather a group of business leaders often reveal truths about the challenges and opportunities we face right now. At a series of recent CEO breakfasts along New York’s East End of Long Island the themes were clear: Talent and technology are fundamentally changing the…
The content on this page is accurate as of the posting date. Travel is a key component for many businesses. The right travel card can elevate business travel for you and your employees and unlock exclusive benefits and bonuses that reward you for your loyalty and spending. If you’re looking…
Photography by Getty Images Key takeaways Both the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card* and The American Express Blue Business Cash™ Card offer cash back on eligible purchases, no annual fee and an intro APR offer on purchases. The Bank of America Business Advantage Customized…
Tapping into your retirement savings early may seem like a risky idea, but there are many reasons why you may have to take money from your 401(k) before retirement. These accounts are meant to support you in your later years, yet unexpected financial challenges can force your hand at using…
Daxiao Productions/Shutterstock.com Having one parent or guardian stay at home to help with the household and the kids can be a huge benefit for families, but that doesn’t mean it doesn’t have its downsides. Although it might be necessary for one parent or guardian to remain home to care for…
With a Roth IRA, you contribute after-tax dollars, so there is no tax deduction when you put money in. The benefit comes later because your investments grow tax-free and qualified withdrawals in retirement are also tax-free. This differs from traditional IRAs, which give you a tax break upfront but require…
Key takeaways Debit cards let you pay for things with money in your bank account, while credit cards pay with a line of credit. A debit card can be handy for preventing overspending and interest charges, as well as for withdrawing cash. A credit card can help you build your…
There are many approaches to making money in the stock market, but most fall under two main categories: investing and trading. The difference between these strategies comes down to two things: time horizon (how long you’re willing to hold a position) and mindset (whether you think like an owner or…
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