Key takeaways Tapping into home equity carries several risks, including losing the property, the potential to fall into significant debt and the dilution of a valuable asset. The unpredictable nature of the housing market and high interest rates are also reasons not to borrow against a home’s worth. Financial experts…
I’ve recently accepted a hard truth: I will never experience true pay equality in my career. Neither will most women my age. If the gender wage gap follows its historical pace, many women working full time won’t reach pay parity with men until 2059 — 33 years from now, according…
The fight for equal pay was supposed to be won by now. But generations after Eleanor Roosevelt championed the cause, women are still waiting for their paychecks to catch up. A Bankrate analysis of government data shows, in fact, that pay equality remains a dream that most women won’t reach…
Many women today won’t see pay equality in their lifetime. That’s due to forces like the “broken rung” — or the lack of clear paths from entry level or middle management positions into the highest-earning corporate roles. But plenty of women have bucked this trend and are eager to share…
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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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My property taxes have ballooned 134% over my 20 years of homeownership. It seems like every year I grumble about another increase, pay the bill and move on. Recent data, however, has me rethinking my approach — it turns out I might be leaving serious…
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The decision of which debt to start paying off first is a personal one, but starting with high-interest debt is generally considered the…
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Lawrence Golub, billionaire founder and CEO of private credit firm Golub Capital, emphatically dismissed fears that the rapid growth of private credit, specifically…
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Managing multiple 401(k) accounts from past employers involves tracking different fees, investment options, and statements. Consolidating these accounts can simplify monitoring, reduce costs and keep investments aligned with retirement goals. A financial advisor can help you evaluate consolidation options and determine a strategy for your retirement savings.Ways to Consolidate Your…
Home prices remain near record highs. Mortgage rates have retreated but remain well above their pandemic lows. Add it up, and homebuyers are feeling discouraged. With housing affordability squeezing buyers, one in six (16 percent) of aspiring homebuyers have given up on purchasing a home in the past five years…
Key takeaways A 401(k) loan may help you access money from your retirement plan, but they’re not always available. A 401(k) loan can help you avoid the costly expenses associated with taking an early withdrawal from your account. You’ll need to pay back your 401(k) loan just as you would…
The Chase Freedom Flex® traditionally leans heavily into holiday shopping with its fourth quarter bonus categories. This year, however, travel is taking center stage. From Oct. 1 through Dec. 31, 2025, the Freedom Flex will give an extra 4 percent cash back on up to $1,500 in quarterly spending on…
Key takeaways The key difference between an ordinary annuity and an annuity due is when payments are made, which can affect the overall value. Ordinary annuity payments are made at the end of each period. Annuity due income payments are made at the beginning of the period. An annuity is…
Key takeaways The SECURE Act 2.0 became law in the last days of 2022, and its rules provide assistance for retirement savers, small businesses and many others. The law enabled a host of things, including the starting age for required minimum distributions, the removal of RMDs for employer-sponsored Roth accounts…
Key takeaways You can typically cash in your savings bond at your bank, in person. Regardless of how much money you receive, you can cash in your childhood savings bond and reinvest it, save it, or spend it. If you have a savings bond socked away for a while, or…
A robo-advisor is a great choice for investors who want professional portfolio management minus the high price tag traditional money managers charge. You’ll pay around 1 percent to 2 percent of your account balance (assets under management, or AUM) in fees each year for a human investment manager, versus roughly…
Suzanne Tucker/Shutterstock Key takeaways A mortgage application collects information about your finances and the property you want to buy so that a lender can decide if you’re eligible for a loan. Most lenders use the standard Uniform Residential Loan Application (URLA) or a variation. To prepare for a mortgage application,…
Key takeaways To use the rule, divide 72 by your interest rate to estimate how many years it’ll take to double your money. Use the Rule of 72 for ballpark planning, but lean on calculators or professional advice for real investment decisions. You can also use the Rule of 72…
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