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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Managing your personal finances can be complicated. Even for experts, refining a budget, paying off high-interest debt and saving for the future is a matter of trial and error. If you’ve ever made a financial mistake along your journey, know it’s very common — 74 percent of Americans say they…
Key takeaways Between applying for a mortgage and closing on your house, aim to keep your personal finances and employment status as steady as possible, and avoid making any major purchases. Expect your lender to look at your bank account, credit and debts again shortly before closing to verify that…
Photography by Getty Images; Illustration by Bankrate Broad form car insurance could be a viable option if you have limited resources, but need an affordable auto insurance policy. It covers you, the driver, specifically, and offers enough coverage to meet the minimum liability requirements in your state and avoid costly…
Credit score minimum: Most personal loan lenders require you to have fair credit or better, or a score above 580. Some lenders accept scores below this threshold, but you can expect to pay high rates and fees. Bad-credit lenders may also consider other criteria when reviewing your application, such as…
Catherine Falls Commercial / Getty Images Key takeaways The best bank for a business savings account depends on various factors including interest rates, fees, accessibility and services. Online banks typically offer higher APYs and lower fees, while national and regional banks provide a more personalized banking relationship and additional business…
Even as home price appreciation has slowed down, affordability has gotten worse, especially for first-time homebuyers. As has often been noted, a slower rate of price appreciation doesn’t mean that prices are going down; it just means they’re going up more slowly. The Federal Reserve Bank of Atlanta estimates that…
Key takeaways Credit card security codes are three- or four-digit codes on your card (typically the back) that verify that you have the physical card. Usually, you won’t have to provide your security code unless you’re paying for something online or over the phone. Merchants aren’t allowed to store security…
Investors are always on the hunt for something that can reduce their risks, and more advanced investors often turn to hedges to protect their investments against inflation, the risk of ever-higher prices. Investors often turn to commodities, in particular gold, as an inflation hedge, since it has a long history…
Gemini has something to offer for both big-money cryptocurrency traders, as well as those who are new to the space. Its ActiveTrader trading platform will be valued by professionals, while beginners will be able to learn from educational resources such as its Cryptopedia site. Given the high-risk nature of crypto…
Key takeaways Many credit cards offer credits and perks that can reduce the costs of airline, baggage, resort and other fees. When planning your vacation, look for cards that can save you from 3 percent to 5 percent by charging no transaction fees on your international purchases. You can also…
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