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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New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit and debit card disputes, aiming to make the process smoother for honest customers and tougher for fraudsters. If you’ve ever had to dispute a charge on your credit or debit…
Name: Melaina Cano Firm: Merrill Wealth Management Location: Irvine, CA Team Assets (Custodied): $329 million Background: Melaina Cano’s passion for investing was sparked early by her paternal grandfather, a first-generation Mexican American engineer who meticulously tracked his investments and taught her the value of financial literacy. Raised in Orange County,…
OBSERVATIONS FROM THE FINTECH SNARK TANK In 2022, President Biden signed an executive order directing the government to develop a framework for digital assets and financial technologies. In July, the US Treasury released Strengthening American Leadership in Digital Financial Technology, a policy roadmap for federal agencies with innovation implications for…
10’000 Hours/Getty Images Key takeaways There’s no single home insurance company that’s best for everyone. To choose the best home insurance company, consider what’s most important to you in a company, whether that’s customer service, mobile app capabilities, local agent offices or discount options. If you’re having trouble shopping, consider…
Zinkevych/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways The best terms on small business loans are generally reserved for borrowers with strong credit scores Personal credit scores range from 300 to 850, with higher scores indicating greater likelihood of timely payments on a loan Business credit scores can range from…
President Donald Trump signed an executive order on Thursday directing the Department of Labor to revisit its guidance on including alternative assets — such as private equity, real estate and even cryptocurrency — in 401(k) plans. The move marks a controversial expansion of retirement investment options and may reshape how millions of…
I used to think saving was about willpower. Cut back, stay disciplined, stick to the plan. Then I started working for a bank and started paying closer attention to my statements. I noticed numerous small transactions being deducted from my account for services that I rarely or never used. It…
Key takeaways You can make your mortgage payment through your lender’s website or mobile app, in person at a branch location or by calling them. If you’re worried about remembering to make payments each month, setting up automated withdrawals can be a good solution. There are options for paying off…
There are eight home insurance policy types to choose from. The type that’s best for you depends on whether you rent or own and the type of home you have. HO-1: The most basic and limited form of homeowners insurance for single-family homes, this type does not include coverage for…
Key takeaways Using a personal loan to pay off credit card debt could be a smart move if you can secure a lower rate or are juggling multiple credit card payments Paying off credit card debt with a personal loan may not be right for you if you’re overwhelmed by…
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