Certificates of deposits (CDs) continue to be worth considering as a component of your savings strategy in 2025. Yields on the best CD rates increased to highs not seen in years, thanks to the Federal Reserve raising its benchmark rate 11 times in 2022 and 2023. In 2024, yields dipped…
When the Federal Reserve changes interest rates, consumers feel the ripple effects in all sorts of ways. For savers, banks offering top interest rates tend to pay more when the U.S. central bank hikes rates and less when it cuts them. “Regardless of what the Federal Reserve decides to do,…
When the Federal Reserve cuts interest rates even by just 0.25%, it will have a direct impact on your finances. While a quarter of a percent may sound small, even slight changes in rates can ripple through the economy affecting everything from credit card payments to mortgage rates (more on…
Life throws curveballs. And often those curveballs mean you’re spending your hard-earned savings or you’re borrowing money instead. It can feel like a catch-22: Creating savings should help you avoid costly borrowing, but spending it equals losing it and going back to square one. So what is a saver to…
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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…
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Key takeaways A divorce decree outlines which spouse is legally responsible for each debt after the divorce is completed. States either have community…
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While your 401(k) at work and a Roth IRA are the best ways to save for retirement, they’re not the only ways to invest. That’s where a brokerage account comes in. Under the right circumstances, brokerage accounts (or taxable investment accounts) can give your nest egg a bigger boost beyond your tax-advantaged retirement accounts.…
The sweeping new tax and spending bill that President Donald Trump signed into law on July 4 contains numerous new provisions and will have a major impact on almost all Americans. Among other effects, the new law will leave roughly 17 million people without health insurance, according to an estimate…
There are times in life when you have to make some big decisions. Where to go to college, who you’re going to marry, what house to buy . . . you know what I’m talking about! These are decisions that are going to have an impact on the rest of…
Millions of Americans will see significant shifts in their tax bills under President Donald Trump’s “big beautiful bill.” The sweeping legislation delivers several key tax breaks, including no federal income tax on some tips and overtime pay, a car loan interest deduction, a higher state and local tax (SALT) deduction…
If you just started a new job and you’re looking at your 401(k) options, you probably have questions about how it all works. You might be wondering: How do I know these are good investment options? How much should I invest? And what in the world does “vesting” mean? If you’re…
When it comes to retirement, most people find themselves either sitting in the regret of past money mistakes or winning big-time with money, on track to enjoy a retirement they’ve always dreamt about. Here’s the difference: Those who are on track to reach their retirement goals have a plan. They’re…
Key takeaways Adding a co-borrower or a cosigner can improve your approval odds and help you secure better terms. Cosigners back the loan but don’t have access to the funds, whereas co-borrowers can access the borrowed funds. Being a cosigner or a co-borrower can impact your credit and comes with…
Vomiting. Loss of appetite. Depression. Shortness of breath. Insomnia. Wanting to keep on driving past work till you reach Mexico. These symptoms describe many Americans’ Sunday afternoon as they stare down a 40-plus-hour workweek. They’re known as the Sunday Scaries. Let’s dig into why the Sunday Scaries are even a…
Key takeaways Long-term care insurance may help cover a wide range of health support resources including rehabilitation services, daily living assistance and chronic illness care. Anyone who needs regular medical support in their daily lives for a protracted period of time may benefit from long-term care coverage. The average annual…
Losing your job or getting your hours cut at work can feel like a punch to the gut—followed by a million panicky thoughts about what you’ll do now. And especially what you’ll do without your health insurance benefit! It’s okay. Plenty of people go through this and you’ll be just…
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