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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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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Images by Getty Images; Illustration by Austin Courregé/Bankrate The process of debt repayment isn’t always a smooth one. While you probably hope you don’t hit any snags as you pay your balance, a lack of experience or unexpected life events can seem like roadblocks. These factors may prevent you from…
For public companies, one of the simplest ways to communicate financial stability to shareholders is through cash dividend payments. The most established companies often share a portion of their profits with investors, rewarding them with cash dividends. For investors, dividends provide a steady stream of passive income. Here are some…
Life happens. Your car breaks down. Prices go up. The latest layoffs come, and you find yourself out of a job. Facing financial difficulties can be stressful. Whether you’re going through tough economic times or facing other roadblocks while paying off debt, a financial setback can make you feel like…
A second-chance checking account is designed for those whose banking history may prevent them from opening a standard account. Those who apply for this account sometimes have past issues such as an unpaid negative balance or an involuntary account closure. Second-chance accounts sometimes have mandatory fees and fewer perks, but…
Key takeaways The Capital One Spark Cash Plus could make sense for you if you have higher business expenses, don’t mind paying a higher annual fee, can afford to pay your bill in full each month and want to earn cash back rewards. The Capital One Spark Miles for Business…
Key takeaways If a credit card payment is returned, it is most likely due to insufficient funds or incorrect bank account information. A returned payment can result in fees from both the card issuer and the financial institution, potentially impacting your credit score. To avoid returned payments, it’s…
Luis Alvarez/Getty Images Key takeaways As we head into the second half of 2025, savers are still enjoying competitive high-yield savings account rates of up to 4.44% APY. Keeping $10,000 in an account that earns a 4% APY will earn you around $400 in interest in a year’s time. Many…
1. Start by Calculating How Much You Owe The first step — assessing the damage and getting the full picture of how much debt you’re in — can be the hardest step, especially if you’re struggling with debt. It can be tempting to bury your head in the sand, but…
Trip cancellation and interruption insurance of up to $10,000 per person and $20,000 per trip. This covers prepaid, non-refundable travel costs like flights, hotels or site-seeing tours if your trip is canceled or cut short by a covered reason. Baggage delay insurance of up to $100 per day for five…
FREDERIC J. BROWN/AFP/GETTY IMAGES Key takeaways Housing discrimination is still common, despite being illegal under the Fair Housing Act. Protection against housing discrimination now expands beyond the original categories to protect more groups. Victims can file complaints with the U.S. Department of Housing and Urban Development (HUD), but maintaining a…
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