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 The Used Clean Vehicle Credit, which offers a tax credit of up to $4,000 for the purchase of a qualifying electric vehicle, is ending on Sep. 30, 2025. Before it ends, this tax credit could be a good opportunity for buyers who have done the math and know…
Key takeaways A HELOC is a line of credit based on your home’s equity: The more equity (value) you’ve built up in the home, the more money you can access via a HELOC. Among the advantages of a HELOC: It allows you to borrow exactly what you need, typically for…
Key takeaways You owe capital gains tax on any realized gain on sale of an asset, though not on unrealized capital gains. Long-term capital gains — for assets held for a year or longer — are taxed at a 0, 15 or 20 percent rate, depending on your total taxable…
Key takeaways Chase launched its new points redemption option in June 2025, known as the Points Boost program. Points Boost offers can be worth up to 2.0 cents per point, but offers vary in value depending on the cardholder and booking type. Immediate feedback on the Points Boost program is…
Key takeaways Pet insurance covers accidents, illnesses and sometimes chronic conditions, while savings accounts can be used for any pet-related expense, including routine care. Pet insurance helps cover significant medical expenses, offering peace of mind in emergencies, but comes with monthly premiums and policy exclusions. Pet savings accounts give you…
Image by GettyImages; Illustration by Bankrate Key takeaways The timeline to get a bank business loan varies, but expect it to take at least a week. Several factors influence bank loan processing, including the lender and type of loan. Gathering the required loan documents before applying can speed up loan…
Key takeaways Required minimum distributions refer to the amount of money that some retirement account holders are required by the IRS to withdraw starting at age 73. Some retirement accounts, such as Roth accounts, are not subject to this rule. If you fail to start taking RMDs from an account…
Key takeaways An option is a side bet among traders over what the price of a stock will be at a certain time. With stocks, you take an ownership stake in the company. Your risk tolerance, level of experience and investing goals play a big role in deciding which one…
Key takeaways Access to capital is one of the many financial challenges minority-owned businesses face. Business grants are a great option for minority-owned businesses since they don’t require repayment. Alternatives to business grants include business loans, business credit cards and crowdfunding. Minority-owned businesses make up about half of all the…
Another year, another crown for American Express, which claimed the top spot in the J.D. Power U.S. Credit Card Satisfaction Study for the sixth year in a row and the 15th time in the 19 years the report has been published. The big surprise is that Discover, which had previously…
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