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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SDI Productions/Getty Images Key takeaways Adult students age 25 and older have access to multiple types of financial aid, and they may even have unique options if they are already part of the workforce. Scholarships and grants are a great option to explore first since they don’t need to be…
Let’s face it: The single-job mindset is not paying the bills for most people. The evidence is everywhere. Credit cards are maxed out — sometimes just to keep the lights on. Emergency savings are low, if they exist at all. Many Americans would need to get an emergency loan to…
Key takeaways Alaska Airlines is part of the oneworld alliance, which boasts a total of 14 airlines offering flights around the world. Members can earn Alaska miles by flying with oneworld partner airlines, just as they can redeem their miles for award flights with partners. Alaska Airlines also has some…
ThisAbility Limited/ digitalVision/ Getty Images Key takeaways WebBank credit cards are ideal for individuals with limited or weaker credit histories. Cardholders can build their credit history with these cards by making timely payments and keeping balances low. Options include four personal credit cards and one business credit card with varying…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways The Mission Lane Visa® Credit Card is a no-frills credit card that starts with a low credit limit, but can also offer a few big benefits to cardholders with bad to fair credit. When used responsibly, the Mission Lane Visa…
Key takeaways Becoming an authorized user on a credit card helps you build your credit, but it should be a temporary strategy with a clear exit plan. Remove yourself as an authorized user if the primary cardholder’s poor credit habits (missed payments, high balances) start harming your credit score. Aim…
Koh Sze Kiat/Getty Images Key takeaways If paying down high-interest credit card debt is your goal, the Wells Fargo Reflect® Card’s long intro APR offer is hard to beat. If you want to earn a high rate of flat cash rewards on purchases, the Wells Fargo Active Cash® Card is…
WAYHOME studio/Shutterstock.com Key takeaways The average credit score for Americans is 715 according to FICO, while a fair credit score ranges from 580 to 669. Having a fair credit score can limit your financial opportunities, like getting approved for the best credit cards and loan terms. Fair credit can be…
Key takeaways A student credit card works the same as other credit cards, except it’s designed with benefits that matter to students. The primary benefits of a student credit card include building credit, learning to use credit responsibly and earning rewards for students. Choosing a student credit card requires you…
Credit Sesame explains how mixed economic signals are complicating Fed decisions and what that means for 2025 interest rates and consumer borrowing costs. June’s Fed meeting came and went without any change in the Federal funds rate. The decision reflects a growing problem: the economic indicators the Fed relies on…
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