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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krisanapong detraphiphat/Getty Images Many investors overlook mid-cap stocks, partly because they’re not as financially stable as large-cap stocks and partly because they’re not growing as quickly as small-caps. But mid-cap stocks offer a mix of both — solid growth and financial stability. If you don’t want the hassle of investing…
A 401(k) is one of the most important parts of a good retirement plan, so it’s important not to mess it up. One of the first lessons to learn when investing in your 401(k) is what kinds of moves have the potential to ruin your retirement. Then, you can avoid those…
Real estate investment trusts, or REITs, allow investors to earn a portion of the profits of real estate investing without buying, managing or financing a physical property. REITs are popular among investors for their high dividends and their ability to diversify a portfolio, since they have lower correlations to the…
Key takeaways Passed in 1975, the Home Mortgage Disclosure Act (HMDA) requires lenders to disclose certain details about their residential mortgage loans. Lenders must report information about who received their loans, like applicants’ gender and race, and who was denied, along with details about approved loans, like type and amount.…
April was a roller-coaster month for U.S. investors. The S&P 500 sank to its lowest point of the year April 8 — down 18.9 percent from its February peak — after President Donald Trump threatened new tariffs on Chinese imports. But then the market rebounded just as quickly when Trump’s…
Key takeaways Today’s job market is the toughest for new college graduates since 2021. To make finding a job easier, lean into your network and widen your job search. In the meantime, live like a college student and keep your expenses low. Danielle Goldstein, a 23-year-old in West Orange, New…
“Renting is throwing money away.” Has anyone ever told you this? Well, I’m here to say: It’s bad financial advice. My husband and I have owned four different homes in three cities since 2010. If I wanted to, I could buy a house in cash today. But for the last…
Taiyou Nomachi/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Mortgage forbearance allows you to pause your mortgage payments, usually for up to six months, during a period of financial hardship. If you’re unable to resume payments when forbearance ends, you may ask for an extension, modify your existing loan or refinance…
Are you looking for the next big thing in the stock market? There’s a chance it’s hiding among the small caps, because these smaller companies often remain overlooked by investors. One way to gain exposure to the entire segment of the market is to buy a small-cap ETF. Topics covered…
How do you shop for car insurance? It seems like a simple question, but the insurance shopping process can quickly become complicated. For drivers navigating it for the first time, buying car insurance is a process full of potential pitfalls, question marks and gray areas. It’s easy to buy insurance;…
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