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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Wong Yu Liang/Getty Images What happens when your high-yield savings account (HYSA) isn’t so high-yielding anymore? Millions of savers are finding out the hard way that the yields they signed up for during the halcyon days of 2023 are no more and that their new savings rate is noticeably lower.…
When you (or your kid) attend college, you’re betting that the cost will be worth the degree and the career to which it leads. About 6 in 10 families (59 percent) say they make a financial plan, according to Sallie Mae’s annual “How America Pays for College” report. But, Sallie…
Key takeaways Passbook loans are secured loans that use your savings account balance as collateral. These loans can be a convenient way to borrow money while rebuilding your credit, as some lenders report repayment activity to credit bureaus. Risks include limited access to your savings until the loan is repaid…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways FedNow offers instant money transfers 24/7, while ACH transfers typically take 1-3 business days to process. . FedNow has a daily transaction limit of $500,000, compared to ACH’s $1 million daily limit. Only select banks currently offer FedNow services, with many…
Key takeaways The final walk-through lets homebuyers verify, before closing, that the property is in the contractually agreed-upon condition. It is typically scheduled for the day before or day of the closing. If any issues are found, it’s important to communicate them to the seller right away to find a…
Key takeaways Working capital financing is a type of short-term business loan designed to help businesses cover their regular operating expenses. Working capital is calculated by subtracting current liabilities from current assets. There are many types of working capital loans, including term loans, lines of credit, business credit cards, invoice…
Peopleimages/Getty Images Deserve Mastercards are issued by Celtic Bank, Member FDIC The Deserve EDU Mastercard for Students is not accepting new applications. Please take a look at our best credit cards for students for similar options. Key takeaways Both the Deserve® EDU Mastercard for Students and the Petal® 1 “No…
Key takeaways There is a statute of limitations on debt, but it varies depending on your debt type and location. The statute of limitations means creditors and debt collectors cannot sue you for old debt after a certain amount of time, but it’s still in your best interest to pay…
Key takeaways The Global Industry Classification Standard (GICS) is a system that divides the market into 11 sectors, composed of 25 industry groups and 74 industries, as of August 2025. This classification system ultimately impacts how many sector-based index funds are created and which companies are included — or excluded…
Key takeaways Home additions are time-intensive and pricey, easily hitting six figures. Zoning and local regulations will impact the scope of your project. Request quotes from multiple contractors to determine the full cost. Home improvement loans are an unsecured option to finance small to midsize additions. Need more space at…
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