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 Using a matching tool, asking a friend or working with a robo-advisor are all options to find an advisor. Vet potential advisors through referrals, online tools and professional organizations. Clarify your needs before choosing a financial advisor to find the best fit for you. Finding a financial advisor…
Key takeaways Alpha and beta are two ways to measure investment performance and whether investment performance is due to individual skill or just the market’s movement. Professional investors are seeking to generate alpha to help justify their fees, since individuals could get “beta level” returns and pay low fees. Anyone…
Key takeaways The average small business loan amount is $458,497, according to the SBA Lenders use your revenue, credit score and current debt load to determine how much business loan your business can handle. Large national banks lend higher loan amounts than regional banks. Yet alternative lenders often offer a…
WIN-Initiative/Getty Images Key takeaways You cannot purchase car insurance for a car that has a salvage title; the car must be rebuilt and pass state inspection to get a new title before it is insurable. Not all insurers will insure a salvage car with a rebuilt title, and most car…
Key takeaways Home insurance policies generally cover losses from a fire, unless it’s due to arson or is caused by a known issue, such as old knob-and-tube wiring. Homeowners who live in areas where wildfires are common may pay more for home insurance or have more trouble finding a policy.…
Key takeaways The bond market is one of the best predictors of the overall economy, but it currently sits in an uncertain position. Bond investors are keeping an eye on rising long-term yields, surging U.S. deficit spending and Trump’s attacks on the Fed for signs that inflation may run too…
Key takeaways Top money market rates reach 4.40% APY — significantly higher than the national average for MMAs. Online banks consistently offer the best rates — up to seven higher than traditional brick-and-mortar institutions. Minimum balance requirements vary widely, with many competitive accounts requiring $1,000 or more. Money market account…
Key takeaways Opening a CD requires providing your personal information, government-issued ID, and funding the account with an initial deposit. Top CD rates reach up to 4.50% APY, well above traditional savings account yields. CDs work best for short-term savings goals with specific timelines, like saving for a house down…
Key takeaways Community banks are locally-owned institutions with less than $10 billion in assets that focus on serving specific neighborhoods and building customer relationships. Community banks reported strong performance in Q2 2025 with $7.6 billion in quarterly net income, up 12.5% from the prior quarter. Fees for overdrafts and non-sufficient…
Photography by Getty Images Key takeaways When comparing the Discover it® Secured Credit Card vs. Capital One Platinum Secured Credit Card, the best option comes down to whether you have a limited budget and need to establish a line of credit or have more cash to spare for a security…
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