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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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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When you buy an insurance policy, your agent is the person who guides you through the process, explaining your coverage, helping you choose the right limits and answering your questions along the way. A sense of trust can form between a policyholder and their agent, especially if they’ve been with…
Key takeaways The Blue Cash Preferred® Card from American Express offers cash-back rewards on common, everyday categories for a $95 annual fee ($0 intro annual fee the first year). Along with a handful of entertainment, travel protection and insurance benefits, the Amex Blue Cash Preferred features an introductory…
Most car insurance policies are six or 12 months long, but some drivers may want coverage for a shorter period of time — for example, if they’re renting or borrowing a car. While you generally can’t purchase a policy for less than six months, there are potential workarounds to getting…
Key takeaways If you’re looking for a premium travel credit card with transferable points, the newly refreshed Chase Sapphire Reserve® and The Platinum Card® from American Express should be at the top of your list. Both cards offer elevated travel benefits like airport lounge access, a fee credit for Global…
Oleksandra Yagello/Getty Images Key takeaways Cred.ai has a credit-builder credit card called the Unicorn Card. There are multiple products that can be paired with the card. A deposit account with Cred.ai is required in order to use the credit-builder features of the Unicorn Card. Cred.ai is a credit-building service that…
Key takeaways Buying a home “as-is” means purchasing the property in its current condition, with no repairs or improvements made by the seller. A home might be listed for sale “as-is” for a number of reasons, including foreclosure or the seller wanting a quick sale. “As-is” homes can present…
NurPhoto/Contributor/Getty Images Dividends can be a great way to give your investment portfolio a boost of income, which is something many people are looking for during retirement or times when you need some extra money. Dividend stocks or dividend funds can help you earn regular passive income from some of…
The stock market can be a scary place. It can feel like inexperienced investors don’t stand a chance against high-powered traders, and well, there’s the constant up and down of stocks. So it’s not surprising that young American investors cited intimidation as one of the top reasons they didn’t pick…
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict editorial policy, so you can trust that…
Key takeaways Retired professional baseball player Bobby Bonilla gets $1.19 million a year thanks to a deferred compensation agreement with the New York Mets. Investors can mimic Bonilla’s reliable decades-long income stream with tools like annuities and CDs. Retirement income funds can provide cash flow for investors too, though these…
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