Pensions and 403(b) plans represent two distinct ways to save for retirement, each with its own structure and advantages. A pension provides a predictable income stream in retirement, usually funded and managed by an employer. A 403(b), on the other hand, relies on employee contributions and investment growth, giving individuals…
When you think about estate planning, wills, trusts and life insurance usually top the list. But annuities deserve a spot in the conversation, too. Beyond providing reliable income in retirement, annuities can ensure your spouse keeps receiving steady checks, transfer wealth to heirs and help sidestep probate. Still, annuities come…
By your 60s, most of your retirement foundation is already in place. While you may still have a few years to save, building significant new wealth is less likely unless you continue working during retirement. This stage typically shifts focus to taxes, withdrawals, Social Security and budgeting. To help you…
Getty Images / Win McNamee / Staff Key takeaways The Federal Reserve’s September rate cut is likely the beginning of lower yields on CDs and other deposit accounts. Locking in a CD now can secure today’s higher rates, which are still outpacing inflation. Don’t rush to put money into a…
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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…
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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…
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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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Hill Street Studios/Getty Images Key takeaways An FHA streamline refinance makes it easier and cheaper for borrowers with FHA loans to refinance. There are two FHA streamline options: non-credit qualifying and credit-qualifying. The former requires no credit check. To be eligible for an FHA streamline refinance, the borrower must receive…
Late in the afternoon of Thursday, July 3, the House voted to pass the budget reconciliation bill, a package intended to make extensive cuts to taxes and overhaul government spending. President Donald Trump signed the bill into law on July 4, 2025, meeting his self-imposed deadline. With the bill’s passing,…
Amidst all the news about how Trump policies will increase costs for Americans, little has been said about how this administration’s student loan repayment policy, or lack of one, might adversely impact the borrowers who cast their ballots for its leader. In fact, when Bankrate combined a mid-May analysis from…
Key takeaways Calculating how much debt your business can afford and how much it needs will direct you to the appropriate loan type and lender for your business. Assessing your eligibility based on universal standards like credit score, annual revenue and time in business can also help direct your search…
Photography by Getty Images; Illustration by Bankrate Key takeaways Factor rates are a decimal that you use to multiply the entire loan by to get the total loan cost. Factor rates do not incorporate loan fees into its rate, as APRs do, making it difficult to evaluate the total cost…
The traditional mantra of financial advice seems to revolve around four core points: get a college degree, get a job, borrow little and save more. Within those categories you’ll find tips on investing and budgeting, and even complex guidance on how to diversify your investments and expand your credit mix…
Key takeaways As one of the most popular travel credit cards available, Chase Sapphire Reserve® comes with valuable benefits, such as its $300 annual travel credit, which helps to offset its high annual fee. The annual travel credit is easy to use and applies to various travel purchases, including flights,…
Key takeaways Your home’s size, age and features, as well your personal property, impact how much coverage you need. Keeping a digital home inventory can help determine appropriate policy limits and make the claims process smoother. You may add coverage or endorsements to bolster a standard policy. Your home insurance…
Key takeaways A Rollover as Business Startup, or ROBs, allows you to roll retirement savings into funding a business tax-free ROBS will put your retirement savings at risk ROBS is a complex transaction and the IRS watches it closely If you’re planning to start a business, you may have heard…
Image by GettyImages; Illustration by Bankrate The resounding advice about filing early for Social Security retirement benefits is pretty unambiguous: Don’t do it. However, if you can’t delay — due to immediate cash flow needs — or don’t want to because you’re worried about the Social Security program’s solvency, the earliest…
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