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 cash advance is an option for when you need money in a pinch, but it’ll cost you. You will start accruing interest on your cash advance immediately. To avoid interest piling up, take out only a small amount and pay more than the minimum each month. When…
MoMo Productions/Getty Images Key takeaways Both the Bank of America® Customized Cash Rewards credit card and the Blue Cash Preferred® Card from American Express offer excellent rewards-earning opportunities for everyday purchases. These are tiered cash back rewards cards, so you need to keep up with different categories as well as…
Citi is an advertising partner. I’ve been very open about my journey to fight my way out of debt and a bad credit score. One big step I took was applying for the Capital One Platinum Secured Credit Card. Because I used the card wisely, I was able to upgrade…
Key takeaways Nearly every corner of the country has experienced a surge in home equity since 2020, but homeowners in certain states have experienced more gains than others. West Virginia registered the largest percentage increase in average home equity, rising 450%, while Washington D.C. had the sharpest decline in average…
Carlina Teteris/Getty Images Key takeaways New graduates need checking accounts with no monthly fees, low minimums and strong digital features. Online banks and credit unions typically offer the best graduate bank account options with minimal fees and higher interest rates. Emergency fund building should start immediately alongside choosing the right…
Key takeaways A mortgage rate lock keeps the interest rate on the loan from changing for a certain period of time, ensuring you won’t pay more if rates rise before you finalize the loan. Typically, you can lock your rate for at least 30 days, and in some cases up…
Key takeaways The Capital One Venture X Rewards Credit Card lets users redeem miles for several types of travel, including airfare, hotels and vacation rentals through the Capital One Travel portal. This card also comes with an annual travel credit worth $300 toward Capital One Travel purchases, which can be…
Key takeaways Sharing a credit card as a couple typically comes in the form of one person getting the card and the other being added as an authorized user. Sharing a credit card this way means that your credit scores are intertwined, so be sure to talk about your spending…
If you have money in a Roth IRA, you may be wondering how to move some of it into stocks to maximize your investment potential. This is an important consideration. Choosing to save in a Roth IRA provides significant tax advantages. However, the way you allocate the funds within the…
Romona Robbins Photography/Getty Images Key takeaways Buying an RV makes sense if you like taking frequent, spontaneous trips every year. Renting is a good option if you’re planning ahead for a vacation you take every couple of years. If you decide to buy, consider buying used to reduce the purchase…
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