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…
Dept Managmnt
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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Image by Getty Images; Illustration by Bankrate Key takeaways Chase does not publicly state a specific credit score requirement for its credit cards, but a good to excellent credit score offers the best chances at approval. Chase’s 5/24 rule, your debt-to-income, which card you apply for and other credit factors…
Cryptocurrencies are popular for many reasons, including the potential to turn early adopters and founders into billionaires. From crypto exchange tycoons to individuals who have stayed during the crypto market’s ups and downs to amass incredible fortunes, here’s a list of five of the world’s richest crypto billionaires, including those…
Large-cap stocks are one of the most popular ways to invest in the market. These companies have the deepest pockets, and their businesses are more resilient than a typical small-cap. So large-caps have been a great way to invest, with the bellwether Standard & Poor’s 500 index delivering average annual…
Energy stocks can be hot and cold, but when they’re hot, they can move as quickly as any tech stock. And it’s a popular sector to trade when oil prices skyrocket or geopolitical tensions ratchet up, as prices can become highly volatile and traders jump into the action. Because of…
Credit Sesame explains how the new FICO credit score incorporates Buy Now Pay Later (BNPL) activity, which may impact how consumers build and maintain their credit. FICO, the company behind the widely used FICO credit scores, announced it will launch a new version that includes BNPL activity. This update could…
Technology stocks are perennially one of the hottest areas of the stock market. Investors closely follow this sector because of its track record of scorching returns and the potential for more in the future. So it can be worth keeping an eye on tech stocks and tracking the hot performers. While…
Brokerages are aggressively competing for your money. One way they do so is by offering competitive bonuses that you can add right to your brokerage account. It’s important to know the best offers so that you can decide whether it’s a good time to open a brokerage account and take…
Key takeaways Deleting your Experian account removes access to features like credit monitoring, FICO Score updates and identity theft protection, but your credit report and score remain intact. You can cancel your Experian membership online or by phone. Downgrading to a free Experian account allows you to maintain access to…
Key takeaways Credit cards and debit cards have expiration dates, after which they can no longer be used for in-person or online purchases. Credit and debit card expiration dates help prevent unauthorized use and provide extra fraud protection during transactions. Most of the time, your card issuer or bank sends…
Whether they advertise on television, at sports arenas or have a branch in your neighborhood, there’s no avoiding the largest banks in the U.S. The 15 largest banks held a combined total of around $14 trillion in assets as of March 31. Every so often, there are changes to the…
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