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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Key takeaways In California, minimum coverage car insurance requirements are 30/60/15 effective Jan. 1, 2025. Utah minimum coverage limits will increase to 30/60/25. Virginia limits will be 50/100/25. North Carolina’s car insurance requirements will rise to 50/100/50 effective July 1, 2025, making it the state with the highest property damage…
If you’re feeling stretched thin trying to pay down credit card debt while staying current on student loans, you’re not alone. The key to managing both is finding practical ways to free up cash, whether by cutting unnecessary expenses, boosting your income, or lowering your interest rates. With the right…
wundervisuals/Getty Images Key takeaways While it’s not technically illegal to drive barefoot in a car, the practice can be unsafe. In some states, drivers may be fined if driving barefoot contributes to an accident. Open-toed shoes like flip-flops are often considered less safe than flat, close-toed shoes when driving. Despite…
Feeling overwhelmed by money problems? You’re not alone. With U.S. household debt reaching $ 18.20 trillion dollars1, financial stress is affecting more Americans than ever before. Nearly 50% of adults report feeling stressed or anxious about their financial situation, according to a 2024 survey from Motley Fool Money. Key Insight…
Massachusetts takes driving without insurance seriously. You are legally required to show proof of insurance if you’re stopped by law enforcement while driving. If you don’t have it, you might receive fines or jail time. Repeat offenders may even have their license suspended. Insurance’s legal implications as well as the…
Stocks, bonds and mutual funds are among the most popular investments in the world for all kinds of investors, from the individual to the institutional. But you may have heard the terms before without knowing exactly what each means and the differences between them. Most people are familiar with savings…
Key takeaways The Citi Simplicity® Card is light on benefits, but boasts an intro 0 percent APR for 21 months on balance transfers, which could help you maximize debt payoff savings (18.24% – 28.99% (Variable) APR after the intro period). The card is also light on fees,…
Hinterhaus Productions/Getty Images Key takeaways A mutual fund is an investment that allows individuals to pool their money along with other investors and invest in a collection of securities such as stocks and bonds. Most mutual funds invest in many securities, allowing investors to diversify their portfolios and reduce their…
Credit Sesame introduces 9 credit scores beyond the ones you see every day and explains how they might affect your financial life. Most people think they have one credit score, the number they check in a credit card app or a credit monitoring tool. In reality, there are many credit…
Photography by Getty Images; Illustration by Bankrate If you’re a big spender in certain categories, a rotating categories card can be a valuable one-hit wonder or addition to your wallet. You could earn one of the highest rewards rates out there, 5 percent, on automatic or customized categories that change…
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