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…
Trending
Spotlight This Week
More Articles
Personal Finance
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…
Featured Articles
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…
Dept Managmnt
The Downsides of Credit Card Churning and Why It Is Risky You may be asking yourself, “Those benefits sound great, why is credit…
Banking
The fundamental flaws in the way the Federal Reserve operates these days were on full display Wednesday when Jerome Powell talked to the…
Credit Cards
All News
Key takeaways Who you inherit a 401(k) from dictates what you can do with it. Knowing the rules for an inherited 401(k) can help you avoid taxes and penalties. If the 10-year rule applies, keep up with the dates to ensure you get the maximum value. If a loved one…
When you leave a job or retire, you need to decide what to do with your 401(k). If it’s a traditional 401(k), you can move it to a traditional IRA, where taxes are paid when you withdraw, or to a Roth IRA, where you pay taxes now but withdrawals in…
Key takeaways You can use home equity to buy another house if you have a big enough ownership stake in your residence and meet other eligibility requirements. The most common ways to tap your equity are via a home equity loan or home equity line of credit (HELOC). Purchasing property…
Moving away from home, making new friends and getting to class on time are some of the big changes college students face after high school. With all that this new group of adults is facing, it’s a wonder that there’s time for anything else, let alone investing. But surprisingly, college…
Key takeaways Invoice factoring allows you to use your accounts receivable to qualify for funding, making them more accessible than other business loans. Factoring companies will collect the invoices directly from your customers. You pay the invoice factoring company a percentage of the invoice amount after invoices are collected. You…
Key takeaways Affordability is by far the most important factor for Americans deciding where to retire in the U.S., regardless of income or age, a new Bankrate survey finds. The importance of affordability, weather, neighborhood safety and quality of health care goes up with age. The states with the best…
Key takeaways In most cases, you can change the due date on your credit card bill by calling your issuer and requesting a different date. It’s important to consider all of your monthly bills and income when choosing a credit card due date that works best for you. If your…
Image by Getty Images; Illustration by Bankrate Figuring out the best way to invest can be a challenge as an individual, but it can really get complicated once you’re investing for you, your spouse and your family. Everyone is different, and that means some people have different levels of comfort…
Key takeaways Stock buybacks can create value for shareholders if they’re well-timed and the company has enough cash on hand to afford them. Stock buybacks, also known as share repurchases, can destroy value if they’re executed at inflated prices or at the expense of business investment, which can harm shareholders…
Photography by Getty Images Key takeaways Wells Fargo allows customers to cancel their credit cards over the phone, but not online. Closing a credit card account may negatively impact your credit score, so it’s important to carefully consider your options before doing so. There are alternatives to closing your Wells…
Editor's Pick
