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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Image by GettyImages; Illustration by Bankrate Key takeaways Unsecured debt doesn’t require you to offer collateral, such as a vehicle or a home, to secure the loan. Because unsecured debt is riskier for lenders, interest rates are typically higher, and approval requirements are more stringent. Personal loans, credit cards and…
SDI Productions/Getty Images Key takeaways Savings yields remain high — topping 4.44 percent APY — as the Federal Reserve holds interest rates steady. Economic outlook remains slightly uncertain as ongoing concerns around trade policy and global supply chains keep the Federal Reserve cautious. With savings account yields still outpacing inflation,…
Many Americans are looking to become wealthy, and it’s a real possibility if they focus their efforts on doing the things that lead to success. By breaking down wealth-building into a few key practices, you can turn even an average income into a significant bankroll that sustains itself. Here are…
Having $100,000 in a high-yield savings account earning 4.30% APY would earn you around $4,300 in interest in a year. This is more than seven times greater than the $600 this amount would earn in an account that pays the national average of 0.60% APY. Meanwhile, some big brick-and-mortar banks…
Key takeaways Choosing between the BankAmericard® credit card* and the Bank of America® Customized Cash Rewards credit card likely comes down to whether you need a lengthy intro APR period more than you need cash back rewards. The Customized Cash Rewards card allows cardholders to choose which spending category earns…
Key takeaways Nine states in the U.S. have no income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. (Washington does levy a long-term capital gains tax on high earners.) Moving to a state with no income tax may seem like a smart money move, but…
Credit Sesame’s personal finance news roundup June 28, 2025. Stories, news, politics and events impacting personal finance during the past week. FICO to factor BNPL into credit scores this fallMixed credit results for consumers in May 2025Consumer confidence drops sharply in June 2025Existing home sales sluggish in May 2025Home price…
Key takeaways The BankAmericard® credit card* offers one of the longest intro APR balance transfer periods on the market. The BankAmericard doesn’t charge an annual fee but still offers plenty in the way of benefits. This is not a rewards card — its primary benefit is the lengthy intro APR…
Key takeaways Different savings accounts offer different benefits. Some offer easy access to cash while others lock it away. Match your account type to your priorities, such as liquidity, yield, or tax advantages, and your timeline. Choosing the right savings account is key to saving for your goals, because not…
Online-only banks, which have become more popular in recent years, are known for offering deposit accounts without minimum balance requirements or monthly fees — and Chime is no exception. Founded in 2012, Chime is a financial technology (fintech) company offering two deposit products through partnerships with two FDIC-insured banks. Overall…
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