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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Higher interest rates played out on stocks, cryptocurrency and commodities such as oil over the past few years. But now that short-term rates have started declining, what can investors expect from here, and how long will the shifting rate environment impact markets? After lowering interest rates by 25 basis points…
STEVE ALLEN/SCIENCE PHOTO LIBRARY/Getty Images Key takeaways Index funds can be one of the best ways to invest over time because they can provide investors with diversification at low costs, but index funds come with some drawbacks. Although index funds include a wide range of companies, those with a bigger…
PC Photography/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Mortgage insurance is a fee you pay to your lender to cover risks associated with funding your loan. Different loan types have different kinds of mortgage insurance, which may require either upfront or ongoing, monthly premiums, or both. Some loans…
Key takeaways A cash-out refinance replaces your existing mortgage with a new one; a home equity loan is a second mortgage on top of your primary one. A home equity loan works well if you have a big ownership stake and need a large, fixed lump sum. A cash-out refinance…
Key takeaways If you have a Chase credit card that earns rewards, you can redeem for airfare, hotel stays, car rentals, cruises and more through Chase Travel — the travel portal offered by this issuer. Chase Travel lets you book travel with points, cash or a combination of the two.…
Thomas Barwick/Getty Images Key takeaways The Citi Strata Premier℠ Card offers rewards on travel and everyday purchases for a $95 annual fee. One of its standout perks includes an annual hotel savings benefit that can reduce the cost of an eligible hotel stay once every calendar year. While pricier travel…
The Chase Sapphire Reserve® card used to be for people who wanted champagne travel on a beer budget — like middle-class Americans, many in their 20s and 30s, who enjoy traveling and dining out and desire a taste of luxury without spending too much. But after its latest refresh, the…
Key takeaways Your credit card APR can go up if the prime rate changes, you paid your credit card bill late, your intro APR offer ended or your credit score dropped. If your APR increases, you can work on paying down your balance or transfer your balance to a card…
The Federal Reserve voted on Wednesday to leave interest rates steady, but officials expect that both inflation and unemployment will rise in the year ahead, paving the way for two rate cuts by the end of the year. The Fed’s announcement means the Fed’s key benchmark rate will, for now,…
Key takeaways A pending transaction is a charge that shows up on your credit card statement but hasn’t been reduced from your balance yet. Merchants may also place a pending transaction — or hold — on your account to preauthorize or secure a payment. To cancel a pending transaction, call…
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