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 Bad credit loans are available from online lenders, credit unions and community banks — each with different application processes and criteria. Avoid predatory loans like payday or title loans — if the annual percentage rate (APR) exceeds 35.99 percent, it’s likely not a safe or sustainable borrowing option.…
Key takeaways: Nearly a quarter of Americans don’t have an emergency savings fund. If you’re one of them, that puts you at risk of taking on significant debt. It can be challenging to start and maintain an emergency savings fund. Determining the minimum you need to save and starting with…
ROBERTO PERI/Getty Images Key takeaways Having a long position in a stock means that you own shares and will make money as the stock price rises. Having a short position in a stock means that you are betting on the decline of the stock’s value. Investors should understand the pros,…
Small business owners seeking financing may have faced tighter credit conditions in recent quarters, particularly from banks. During the first quarter of 2025, 16 percent of banks tightened their credit standards for small businesses with less than $50 million in revenue, compared to 11 percent the previous quarter, according to…
Figuring out how much you should have in your 401(k) at 25 depends on your income, savings rate and when you started contributing. A common benchmark from financial planners is to aim for one year’s worth of salary saved by age 30, which could translate to about 50% of your…
The legacy Capital One Savor Cash Rewards Credit Card* is no longer taking new applicants as of July 2024, although existing cardholders can still use the card. Those interested in the legacy Capital One Savor Cash Rewards Credit Card can check out the new Capital One Savor Cash Rewards Credit…
Making the decision to start investing is one of the best decisions you can make. Investing is an important step toward building wealth and achieving your financial goals. However, successful investing can be difficult and there are some key mistakes you’ll want to avoid. Here are the top seven investment…
Image by Getty Images: Illustration by Bankrate Key takeaways By using the right rewards credit card, you can earn rewards on your train travel. Joining the Amtrak Guest Rewards program allows you to earn even more rewards on train travel. To make the most of your train trip, consider redeeming…
In your 30s, responsibilities pick up. You’re likely to buy your first home and grow your family. Marriage, a mortgage and little mouths to feed can drain your earnings. Even the family dog eats a portion of your paycheck. It’s easy to think that saving for retirement is impossible in…
Key takeaways The Southwest Rapid Rewards® Plus Credit Card comes with the lowest annual fee of all the Southwest cards and earns 2X points on Southwest flights and more. If you already travel with Southwest and don’t want to pay a high annual fee, this card might be the right…
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