A 403(b) plan is common in public schools, nonprofits and religious groups. It is a defined contribution plan where employees add money to a pre-tax or Roth account. The money is usually invested in mutual funds or annuities. Growth depends on contributions, investment performance, fees and time. Some employers may…
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…
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The Show-Me State has a little something for everyone, whether it’s the barbecue scene of Kansas City, the historic charm of St. Louis or the natural beauty of the Ozarks. And unlike many states, Missouri’s housing market still offers a level of affordability that can…
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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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When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
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Unless you’re one of those unicorns who knows they were born to be an astronaut, figuring out what you were created to do can feel overwhelming. And if you’re not satisfied in your career right now, that’s okay. I’m going to walk you through six steps to choosing a career…
Americans who are 65 and older got a hefty new tax break under the massive tax bill that President Donald Trump signed into law on July 4: A new bonus deduction that’s worth as much as $6,000 per taxpayer, which means up to $12,000 for married-filing-jointly spouses who are both…
Americans spend an average of $141 every month on their phone bill.1 That’s almost $1,700 a year! The good news is, there are plenty of phone plans at different price levels to choose from. Let’s explore the best options for the cheapest cell phone plans—so you can find one that fits…
Ever ask yourself, How much should I tip the barista for that Cinnamon Toast Crunchuccino? What about the pizza guy? Or your barber or hair stylist? You’re not alone! Tipping can be pretty awkward (and filled with guilt). We’ve all experienced that fight-or-flight moment when the iPad of doom flips…
Do I know how to explain my financial goals clearly — to myself and others? Do my money decisions align with my risk tolerance? Can I confidently ask questions of a financial advisor, tax pro or lender without feeling intimidated? Do I understand how my taxes, investments, debt strategy and…
You don’t have to spend a fortune to bring your Pinterest board dreams to life. You just need to know where to buy cheap furniture that doesn’t look cheap. As a frugal guy myself, I did a ton of research when I furnished my home, and I’m going to share all my best furniture shopping…
Almost as soon as Bryan Dyke filled out a mortgage application in mid-May, he was inundated with solicitations from lenders. “Within 15 to 20 minutes, I started getting calls,” he says. Dyke was a victim of an unsavory type of marketing called a trigger lead. His mortgage application “triggered” a…
Image by GettyImages; Illustration by Bankrate Key takeaways Revenue is a key indicator of your business’s financial health and can be a predictor of your business’s success. Revenue growth can be influenced by a number of different internal and external factors. You can drive revenue growth through strategies such as…
Over the past couple of decades, researchers have repeatedly found direct links between loneliness and physical and psychological problems that are literally killing us—like heart disease and mental illnesses.1 Loneliness can cripple us physically, unwind us mentally, and make it difficult to be spiritually whole. Here’s an uncomfortable truth: We’re…
Key takeaways Your income and the home’s price are the most important factors in determining how much you can afford to spend. But many other variables also play a role, including your location, your credit score, your other debts and the amount of your down payment. Make sure you have…
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