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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If you own your home, whether it’s a stand-alone structure, a condo or mobile home, it’s likely that you have insurance coverage to protect your investment in your property. That insurance covers your buildings and possessions, as well as offering liability insurance. If your home is part of a homeowners…
Key takeaways Redeem points or miles any time you can get the average redemption value or better, especially for premium cabin airfare or during award sales. Make a redemption to extend the life of your rewards if they’re close to expiring. If you’re not interested in earning…
Key takeaways The American Express® Green Card offers a solid rewards structure for frequent travelers, plus valuable credits and travel protections that can justify its $150 annual fee. A generous welcome bonus helps you earn 40,000 American Express Membership Rewards points after you spend $3,000 on purchases in your first…
Photography by Getty Images Key takeaways Best Western Rewards allows members to earn points through hotel stays, credit cards and shopping partners. You can redeem points for free nights, airline miles and other options. Best Western has two credit cards that earn rewards points and offer elite status…
Standard home insurance policies do not include flood insurance. If you want financial protection from flood insurance, you’ll need to take out a flood insurance policy from the National Flood Insurance Program (NFIP) or a private provider. Lenders usually require flood insurance for homeowners in high-risk areas, but even lower-risk…
Key takeaways It’s important to note that you can’t refinance federal loans without replacing them with a private loan. Researching different student loan repayment options is the most important step when refinancing private student loans. If you’re refinancing both federal and private student loans, you’ll need to add a few…
Key takeaways A portfolio loan is a mortgage that a lender creates and retains — keeps in its portfolio — rather than selling in the secondary mortgage market. Portfolio loans sometimes have more flexible credit and financial requirements compared to conforming mortgages, but they also tend to come with higher…
Affordable Summer Party Ideas for Fun and Flair on a Budget When it comes to affordable summer party ideas, the focus is on creative touches that make your event feel special without spending a lot. Choosing the right location is a great place to start. Hosting at home, in your…
Photography by Getty Images Citi is an advertising partner. Key takeaways Both the Discover it® Cash Back and Citi® Diamond Preferred® Card are good choices for consumers who want to transfer their existing debt to a card offering an intro APR on balance transfers. The Citi Diamond Preferred offers a…
Key takeaways Roth IRAs are powerful retirement tools, but high-earners are not able to contribute directly if their income exceeds a certain threshold. Enter the backdoor Roth IRA: a perfectly legal workaround for high-income individuals to get in on the benefits of a Roth IRA. Setting up a backdoor Roth…
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