How long it takes to get a 401(k) loan can vary depending on your employer, plan administrator and whether your plan offers an online portal or requires paperwork. In some cases, the process may take just a few days. In others, you may need to wait a couple of weeks…
Image by MoMo Productions/GettyImages Since a weak jobs report in early September, mortgage rates have fallen sharply. For prospective homebuyers and refinancers, it’s a nerve-racking moment. Will rates keep dropping? Or will they follow their recent pattern and quickly rebound? It’s nearly impossible to know where rates will go in…
Image by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways There are no specific income requirements to qualify for a mortgage — but mortgage lenders do evaluate whether you make enough to repay the amount you want to borrow. To determine if you’ll qualify, mortgage lenders review your debt-to-income ratio, credit…
Key takeaways Social Security is a federal program that provides income to retirees, survivors of deceased workers and disabled people. The average Social Security check for retirees is around $2,000 per month — slightly higher than the average benefit for survivors and people with disabilities. How many years worked, how…
Trending
Spotlight This Week
More Articles
Personal Finance
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…
If a society is going to make intelligent choices in policy, it helps to understand reality, which includes facts and…
New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
Featured Articles
One of the main factors people consider when deciding whether to hire a financial advisor is cost. But costs can vary significantly from one advisor to the next. Here’s what you need to know about the costs of hiring a financial advisor, and how the…
Dept Managmnt
How First-Year Students Should Manage Credit Cards Responsibly Understanding how first-year students should manage credit cards responsibly means creating a clear system around…
Banking
When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
Credit Cards
All News
Key takeaways Charge cards look and feel like credit cards, but require you to pay off the balance in full every billing cycle. You can often make large purchases and earn rewards with a charge card, but beware high late fees for any missed payments. Charge cards affect your credit…
An increase of $125 each month means either changing your spending habits, finding additional income, or increasing your reliance on credit cards, overdrafts, or other forms of credit to supplement your lifestyle. In addition, a sustained payment increase of more than $150 per month, without a decrease in expenses or…
Just 7.4 seconds: That’s how much time you have to grab a recruiter’s attention when they read your resumé for the first time.1 That’s it! So, if you’re looking for a new job, I have a helpful hint: To grab a hiring manager’s attention, make your resumé stand out using…
Hinterhaus Productions/Getty Images Key takeaways The Platinum Card® from American Express is a versatile travel rewards and benefits card powerhouse that allows you to add an authorized user to your account for $195. The annual fee for an authorized user is high, but could still be worth it if…
The hottest ringside seat these days may not be by the boxing mat but rather in Washington, D.C., as President Donald Trump slugs it out against Federal Reserve Chair Jerome Powell. The potential loser: America’s investors and indeed anyone who wants lower interest rates. The core issue: Trump wants lower…
Study Summary 90% of Americans believe taking care of their mental health is important. 56% are concerned about their mental health. 71% of Gen Z and 58% of millennials said anxiety impacts their daily life. Nearly 1 in 2 people (47%) experienced grief in the past year. More than half…
: FlamingoImages/Getty Images Key takeaways When you sign up for a Citi credit card that offers concierge service, you’ll gain access to your own personal assistant who can help you with travel planning, shopping, restaurant reservations and everyday needs. Premium Citi travel credit cards typically offer this benefit, but it’s…
I’ll come out of the gate swinging. The difference between someone who is well and whole and someone who is not can almost always be summed up in a single word: boundaries. Setting boundaries is the key to mental and relational health. Full stop. Everyone needs healthy boundaries in their…
Social distancing, remote learning, stimulus payments—the COVID-19 pandemic introduced us all to lots of new concepts. And while the 6-foot rule has gone out the window (thank goodness!), stimulus checks have hung around. But instead of a stimulus for pandemic relief, state politicians are now cutting stimulus checks to help…
You’ve aced your interview. Great job! But there’s one last step to getting hired, and it’s tiny but mighty. If you really want to leave a lasting impression on your hiring manager, you’ll need to write a thank-you email after your interview. Following up with your hiring manager by sending…
Editor's Pick
