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,…
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If a society is going to make intelligent choices in policy, it helps to understand reality, which includes facts and…
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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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For many first-generation wealth builders, borrowing money can feel like a deeply personal decision — one shaped not just by credit scores and interest rates, but by cultural values, family expectations and emotional ties. Especially in communities rooted in mutual aid and collective care, there’s often a choice to make:…
Key takeaways Many people — and politicians — blame large investors for buying up available homes and making prices unaffordable for everyday Americans. But studies show that the largest institutional investors operate in only a small handful of U.S. markets. In reality, the majority of the country’s investor-owned homes are…
Bond prices have been volatile in recent years as the Federal Reserve hiked interest rates to combat high inflation, but with rate cuts paused, investors may still be able to take advantage of attractive yields in short-term bonds. Here’s what you should know about short-term bond funds and some of…
Money is complicated. Talking honestly about money and your aspirations with someone else can be fraught with anxiety. This is one of the biggest reasons why many people find working with a financial advisor to be so challenging. Some people completely avoid seeking help, even when they need it. Working…
The best Bitcoin exchange-traded funds (ETFs) make it easy and cheap to buy and sell the cryptocurrency through a traditional online broker rather than through the potentially riskier process of using a cryptocurrency exchange. Spot Bitcoin ETFs, available since early 2024, also give traders a way to access Bitcoin without…
Bitcoin’s price has been on a roller-coaster ride since it first debuted in January 2009, but the long-term trajectory has been higher — “up and to the right,” as they say. Bitcoin ushered in the age of cryptocurrency, but it took quite a while before the public sat up and…
Credit card experts are full of tips and tricks to help you get the most out of your credit cards. Card issuers have their own tips and tricks – but they work a little bit differently than what the experts will tell you. It is a business for the card…
d3sign/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Having multiple savings accounts can help you track spending habits and progress toward savings goals. You can make more money with multiple savings accounts by getting the best of fluctuating yields and earning bank bonuses. Be sure to look out for any fees…
Key takeaways Roth IRAs are individual retirement accounts that you contribute after-tax dollars to, making qualified withdrawals in retirement tax-free. If converting a traditional IRA to a Roth makes sense for you, open a Roth IRA, follow your plan administrator’s steps and then select the transfer amount. Before you convert,…
Key takeaways A mortgage escrow account bundles your property taxes and insurance into your monthly mortgage payment. Escrow offers convenience and predictability but reduces flexibility and may require a large upfront deposit. While escrow simplifies payments, managing them yourself may offer more control if the option is available. A mortgage…
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