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 A 414(h) plan is a tax-advantaged retirement savings account that is offered to many government employees. These plans allow for tax-deferred growth and don’t have income caps, and because contributions aren’t counted as income, employees can avoid payroll taxes. However, they come with less flexibility for contributions and…
Key takeaways A SIMPLE IRA is a retirement plan designed for small businesses, generally those with fewer than 100 employees. It works somewhat similarly to a 401(k), but employers are required to contribute to employees’ accounts. A SIMPLE IRA can be easier to administer than a 401(k), but it’s important…
MoMo Productions/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Annuities allow you to grow your money on a tax-deferred basis. Some withdrawals from an annuity are taxable, and some are not. You can switch your annuity to another provider tax-free. Annuities are popular with retirement investors because they can offer an…
Key takeaways Buyer’s remorse is a feeling of regret or anxiety after making a purchase. For homebuyers, it means they regret buying their house. People might feel homebuyer’s remorse if they come to believe they overpaid or dislike the location once they move in, for example. Careful planning and working…
Key takeaways SBA loans have set maximum interest rates, making them a flexible and affordable business lending option. It can take 30 to 90 days for SBA loan approval and funding. Be sure to find an SBA lender with experience and volume in loan applications so you can have a…
Key takeaways There are several types of mortgage refinance options, including rate-and-term and cash-out refinancing. The most common, rate-and-term, involves replacing your current mortgage with a new loan with a different interest rate, loan term or both. Some types of mortgages offer the option of a streamline refinance, which doesn’t…
Key takeaways A business credit card can help companies streamline their cash flow so they can expand their operations and continue to grow. To keep your business and personal finances separate, you may not want to apply for a business credit card with your Social Security number (SSN). Depending on…
Kentaroo Tryman/Maskot/Getty Images Key takeaways Both the Capital One Savor Student Cash Rewards Credit Card and Discover it® Student Cash Back are good options for students who want to build credit and earn rewards. The Capital One Savor Student Cash Rewards Credit Card is great for those who spend more…
Nicola Katie/ Getty Images; Illustration by Austin Courregé/Bankrate As of July 2025, Capital One announced the new Capital One SavorOne Rewards Credit Card*, not to be confused with the new Capital One Savor Cash Rewards Credit Card, which previously had the same name. Key takeaways As of August 2025, Capital…
Key takeaways Using a personal loan to pay off credit card debt can save money on interest and simplify monthly payments. Keep in mind that personal loans are still a form of debt, so it’s important not to rack up more credit card debt while paying off your personal loan.…
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