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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Annuities have long been touted as a way to generate guaranteed income in retirement. But people buy annuities for other reasons too, such as the ability to defer taxes and funnel money into an account with no contribution limits. These are the top reasons why people buy annuities and the…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways A cancelled check or stop payment request prevents funds from leaving your account when someone tries to cash or deposit the check. You must act quickly — banks cannot stop payment on checks that have already been processed or cleared.…
Artificial intelligence seems like it’s all the rage these days, so it’s not so surprising that investors would try to use AI to get an edge when it comes to investing. But AI is not an idea that’s limited to well-connected experts. Anyone can buy exchange-traded funds (ETFs) that use…
Key takeaways The Chase Freedom Flex® is a unique cash back credit card that doubles as a great travel rewards card for those who know how to best take advantage of it. With no annual fee and the ability to redeem Chase Ultimate Rewards points for travel purchases, the Chase…
KenWiedemann/Getty Images With homes in the U.S. selling for a median price of $435,300, according to the National Association of Realtors, few would question the notion that real estate purchases and sales are among the largest financial transactions most people ever make. Closing costs, the fees and taxes that are…
Logos by CapitalOne and Chase; Illustration by Hunter Newton/Bankrate Chase and Capital One are among the largest banks in the U.S. (measured by total assets). Both banks offer a variety of deposit products, including certificates of deposit (CDs), checking and savings accounts, but the banks differ widely in the interest…
Key takeaways Home equity loans can be obtained from various lenders such as banks, credit unions, mortgage lenders, and online-only lenders. Most lenders will require a minimum amount of equity in the home, a good credit score, and a low debt-to-income ratio in order to qualify for a home equity…
Real estate agents typically earn a commission based on the final sale price of a home. That’s true whether they’re working for the buyer or the seller. In the past, sellers were typically expected to cover the commissions for both their own agent and the buyer’s agent — often totaling…
Photography by Getty Images Key takeaways Both cards have similar welcome offer values and potential rewards earnings for the average spender, but the Prime Visa doesn’t provide intro APR offers or bonus cash back. The Bank of America® Customized Cash Rewards credit card could be more rewarding if your spending…
Key takeaways Secured credit cards usually need a cash deposit to establish your line of credit. The credit limit on a secured card typically matches the deposit amount. Secured credit cards help build credit and can lead to qualifying for an unsecured card with responsible use. When your FICO credit score is in…
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