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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Crypto is big money — and there’s potentially free money in it for you if you’re looking to try out a different crypto exchange or new to investing in crypto. Worldwide, the crypto market cap is about $3.3 trillion as of July 1, with Bitcoin holding about $2.2 trillion of…
U.K.-U.S. tax planning involves understanding how income, residency and asset ownership are taxed under both British and American law. Dual residents, expatriates and cross-border investors often face parallel filing obligations, with each country maintaining its own system for taxing worldwide income. While a bilateral tax treaty exists to help reduce…
Bloomberg/Contributor/Getty Images Stock market holidays are non-weekend business days when the two major U.S. stock exchanges, the New York Stock Exchange (NYSE) and the Nasdaq, are closed for the day. These days often closely follow federal holiday schedules and include major holidays like Independence Day and Thanksgiving. Regular operating hours…
A new opportunity has emerged for families with leftover college savings: converting 529 plan funds to a Roth IRA. Previously, withdrawing 529 funds for non-educational expenses meant facing income tax and a 10% penalty on earnings, creating a dilemma for families whose children received scholarships or chose not to attend…
Carlina Teteris/Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Small business owners typically start out with one credit card and add to their portfolio as needed. Start with a single business credit card, establish a responsible credit history and then consider adding more cards that complement your business goals. Multiple…
chee gin tan/ iStock / Getty Images Plus/Getty Images *Citi is an advertising partner *(The Citi Premier® Card and Citi Prestige® Card are no longer available. The Citi Strata Premier℠ Credit Card has taken the place of the Citi Premier Card. ) Key takeaways The Citi Custom Cash® Card and…
Key takeaways The 2009 Credit CARD Act requires credit card companies to check borrowers’ ability to pay back their debts before giving them a card or raising their credit limit. You aren’t obligated to provide information about your income to a credit card issuer unless you apply for a new…
Key takeaways A charge-off is a debt that has gone unpaid for a sufficient amount of time and is deemed uncollectible by the creditor. Charge-offs do not erase your debt, and you are still responsible for paying it. It may be handed over to a debt collector and can stay…
Key takeaways Days on market is the number of days a property has been listed for sale on the Multiple Listing Service (MLS). The number of days on market can indicate the desirability of the property — properties with more days on the market have likely been seen by many…
Whether you’re a longtime resident or new to the Tar Heel State, understanding North Carolina’s auto insurance laws is key to driving safely and avoiding penalties. The state requires all drivers to meet certain minimum coverage levels, but knowing what’s legally required is just the start. By learning how North…
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