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 purchase agreement is a legally binding contract that spells out the details of a real estate transaction. Homebuyers and sellers typically sign a purchase agreement shortly after negotiating the final sale price. Most include contingencies that must be met in order for the deal to proceed, such…
Key takeaways There are three steps to take if your SBA loan is denied. Even if your SBA loan is denied, you can reapply after 90 days. Alternative lending options outside of SBA financing are available. Applying for a small business administration (SBA) loan can be a great way to…
Key takeaways Checks are typically only valid for six months after being signed. Banks may still accept a stale check, but they are not required to if they have reason to doubt the funds. Different types of checks have different expiration dates. It is important to cash or deposit checks…
Burial insurance is a type of whole life insurance policy that can be used to cover your burial and other funeral costs. Usually, You can purchase one of these policies once you turn 50. A burial insurance plan can help your family afford your funeral service and other associated costs. …
The Nasdaq 100 is now just days away from its all-time high, but at least one sign suggests that investors should tread carefully. The number of stocks that have driven one of the most-followed indexes is suspiciously narrow. That is, the index has moved up mostly due to a few…
New Hampshire was named the best state for retirees in 2025, according to Bankrate’s annual Best and Worst States to Retire Study, with the best all-around score. But surprise — the state didn’t crack the top 10 when it came to affordability. That honor belongs to West Virginia, the most…
For investors seeking a predictable return without the volatility of the stock market, a seven-year fixed annuity can be an appealing option. The term is long enough to secure competitive rates but short enough to retain some flexibility for the future. Fixed annuities, particularly multi-year guaranteed annuities (MYGAs), are offering…
If you’re 63 years old with $1 million in a traditional IRA, you may be wondering whether converting $100,000 per year to a Roth IRA makes sense. Doing so could help you avoid required minimum distributions (RMDs) later on. This strategy may reduce your future tax burden and give you…
Key takeaways When you get a bonus — or other supplemental wages such as severance pay, commissions, etc. — your employer must withhold some of the money to send to the IRS for taxes. Your employer may withhold 22 percent of your bonus for taxes (37 percent for any bonus…
Key takeaways Including a cosigner on your auto loan may have been useful in the past, but there are times you may need to remove your cosigner. When your credit score improves, you have the option to remove the cosigner from your loan using a cosigner release form. A cosigner…
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