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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Bloomberg / Contributor / Getty Images Key takeaways Sallie Mae offers a variety of private loan options, including undergraduate student loans, graduate student loans and career training loans. Sallie Mae student loans can cover up to 100 percent of your education costs, while federal loans come with borrowing caps that…
izusek/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Edfinancial Services is a student loan servicer. As a loan servicer, Edfinancial doesn’t originate loans but helps manage them. If Edfinancial is your student loan servicer, you’ll receive a notification or contact the Federal Student Aid Information Center. Edfinancial Services is one of…
You can lower your credit card interest without hurting your credit score by negotiating a reduced interest rate with your credit card company, making extra payments, which allows you to reduce your balance sooner and pay less interest overall, or working with a nonprofit credit counseling agency like American Consumer…
Who doesn’t want to be a millionaire? In 2024 alone, over 379,000 new millionaires were created in the U.S. — over 1,000 a day — bolstered by strong financial markets and a stable U.S. dollar, according to the UBS Global Wealth Report 2025. The U.S. has the highest number of…
Crowdfunding offers individuals the opportunity to participate in the growth of promising startups. Gone are the days when investing was exclusive to accredited investors and venture capital firms. Today, nearly anyone can become a part-owner of a business with the potential for returns down the road. There are three main…
Luis Alvarez/Getty Images Key takeaways Neither The American Express Blue Business Cash™ Card nor The Blue Business® Plus Credit Card from American Express charge an annual fee, so either one could add a tool to your business toolbox without costing you extra. Both business cards offer rewards, but the Blue…
JGI/Jamie Grill/Getty Images Key takeaways Tax breaks are available for current students and those who have already graduated from college, although rules for each individual program vary. Student loans can reduce your annual income tax burden through the student loan interest deduction, whereas the American opportunity tax credit and the…
FREDERIC J. BROWN/Getty Images Tesla recently made a move that effectively tells “small” investors — specifically, those with a position in the stock that’s worth less than $33 billion or so — to pound sand. Unless an investor (or group of shareholders) has a massive position in the stock, they…
Warren Buffett is one of the greatest investors ever, so it’s no wonder many investors are looking to build their portfolios based on his philosophy. Berkshire Hathaway, the company Buffett has led since 1965, has returned about 20 percent annually over the past six decades, compared to a roughly 10…
The Good Brigade/Getty Images; Illustration by Grant Crowder/Bankrate Key takeaways Existing-home sales rose 0.8 percent in May to a seasonally adjusted annual rate of 4.03 million. Sales slowed 0.7 percent from a year ago. The median existing-home sale price rose 1.3 percent from May 2024 to $422,800, marking the 23rd…
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