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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Active investing may sound like a better approach than passive investing. After all, we’re prone to see active things as more powerful, dynamic and capable. Active and passive investing each have some positives and negatives, but the vast majority of investors are going to be best served by taking advantage…
Choosing the best high-yield savings account requires comparing interest rates, fees, and account features. Look for accounts offering APYs up to 4.40 percent with FDIC insurance, no monthly maintenance fees and convenient digital features like mobile check deposit and automatic transfers. The key is finding an account that combines competitive…
Key takeaways Lenders typically factor your student loan payments into your debt-to-income (DTI) ratio to ensure that you’ll be able to repay a mortgage and your academic debt at the same time. Guidelines for student loans vary based on the type of mortgage and the status of the student debt.…
Value-added tax (VAT) is a tax on goods and services, not unlike a sales tax but with some major differences. While the U.S. doesn’t levy a VAT, this type of tax exists in many other countries. Both sales and value-added taxes are a tax on the consumption of goods and…
This page was originally published in early 2022 and features a story from a Bankrate reader during that time. The rest of the article has since been updated. Key takeaways If you notice fraudulent charges on your credit card account, you should freeze your credit card and notify your bank…
Key takeaways Retail websites often ask you for your credit card information to complete a transaction, and they’d like to be able to hold on to that information for the future. If you aren’t comfortable storing your card information on a website, you should be able to check out as…
Images By Tang Ming Tung/Getty Images Key takeaways Both flat-rate cash back cards and rotating bonus category cash back cards can make sense in different scenarios, depending on the type of spender you are. Generally, you’ll earn more with the Discover it® Cash Back card’s boosted cash back categories —…
High-yield bonds offer the potential for investors to earn higher returns if they’re comfortable taking on additional credit risk. High-yield bonds are issued by entities with low credit ratings from bond rating agencies such as Moody’s, Standard & Poor’s and Fitch. Bonds with ratings below a certain threshold are considered…
Credit unions have been growing considerably in recent years. Just within the last five years, total assets in federally insured credit unions have risen by approximately 44 percent, increasing from $1.64 trillion in March 2020 to $2.37 in March 2025, according to the National Credit Union Administration (NCUA). The…
The GENIUS Act is a proposed bill that regulates one type of cryptocurrency called stablecoins, a $200 billion part of the multi-trillion-dollar cryptocurrency system. The bill’s name stands for Guiding and Establishing National Innovation for U.S. Stablecoins, and its goal is to create a regulatory framework for stablecoins that could…
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