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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Just as it’s normal to love your family, it’s normal to argue with them about money. An APA survey reported that 31% of couples said money was a big source of conflict in their relationship. During tough times, the stress of making ends meet can cause friction between you and…
Key takeaways Credit card hacks are popular ways to save money and earn rewards, but some can negatively affect your credit or result in additional fees. Strategies to consider instead include getting a card with generous rewards, asking for a credit limit increase and paying bills with your card. …
Key takeaways The Upgrade Triple Cash Rewards Visa® is a unique card that combines the features of a credit card with those of a personal loan. The card also provides cash back rewards on auto, home and health purchases. Those who prefer fixed payment plans could find value in using…
Bitcoin gets all the headlines when people talk about cryptocurrencies, but there are literally thousands of other options when it comes to these digital currencies. In fact, cryptos that aren’t Bitcoin are usually considered an “also-ran” — what are called “altcoins,” or alternatives to Bitcoin. While Bitcoin may have been…
Photography by Getty Images; Illustration by Bankrate Cryptocurrency prices have fluctuated widely so far this year, leaving some investors with notable gains and others with losses. But crypto is a notoriously risky investment and prices can skyrocket or plummet in a matter of days or minutes. Keeping an eye out…
If you’re already savings-savvy enough to shop at wholesale clubs, you should consider getting even more bang for your buck with a rewards credit card tailor-made for bulk buying. Unfortunately, you can’t just use any old grocery credit card — wholesale clubs usually don’t fall under grocery store and supermarket…
Knowing your taxable income helps you make smarter choices about deductions, retirement contributions and how much tax to withhold. It can also prevent surprises at tax time. If your finances are more complex—like having multiple income sources or major life changes—a financial advisor can help you lower your taxes while…
Strauss/Curtis/Getty Images Key takeaways The Ink Business Preferred Card offers a low annual fee and an impressive bonus, two substantial benefits for a business rewards card. Combining this card with one or more of Chase’s travel and cash back cards can create the Chase Trifecta for maximum points…
Yes, it’s entirely possible to make more than $100,000 and pay no federal income tax on it. This little trick is completely legal and — incredibly! — the tax code almost seems to encourage you to use it. Even if you don’t qualify for this strategy, you still have many…
Image by Getty Images; Illustration by Bankrate Key takeaways Student loan borrowing limits for federal student loans are capped at $138,500 for grad students and between $31,000 and $57,500 for undergrad students. Many private student loan lenders will let you borrow more than $100,000 depending on how much your tuition…
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