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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Key takeaways Business loan requirements are not the same for every lender. Annual revenue, credit score and years in business are a few factors that impact loan qualification. As part of a loan application, businesses will have to provide certain documents like tax returns and profit and loss statements. Applying…
Key takeaways Regularly reviewing your bank can help you avoid fees and earn higher interest rates. Online banks often pay much more than traditional banks on savings accounts. Simple habits like keeping accounts active and planning bank visits can save you money. Smart banking choices help you build wealth through…
FG Trade/GettyImages; Illustration by Hunter Newton/Bankrate The legacy Capital One Savor Cash Rewards Credit Card is no longer accepting new applicants as of July 2024, although existing cardholders can continue to use the card. Those interested in the legacy Capital One Savor Cash Rewards Credit Card can check out the…
sturti/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways You can apply for an EIN online or by mail An EIN helps you separate personal and business finances If you pay employees and file payroll taxes, you must have an EIN for your company Keeping your personal and business expenses…
Illustration by Clint Branch/Bankrate Key takeaways There’s generally no limit to the number of times you can refinance your mortgage, although some lenders require a waiting period between refinances. If you qualify for a lower interest rate, refinancing can save you thousands — but if you do it multiple times,…
Key takeaways Each insurer determines whether your treehouse will have an impact on your premium. Treehouses may be considered “attractive nuisances” — hazardous items that are attractive to children. Your treehouse may be covered under the other structures part of your policy, which is usually capped at 10 percent of…
Key takeaways To get the best mortgage rate, boost your credit score, lower your debt and save up a sizable down payment. Getting the best mortgage rate can save you thousands of dollars in interest over the life of the loan. Shop around for the best mortgage rate with at…
Key takeaways Inflation rose slightly in May, making it more likely that the Federal Reserve will hold interest rates steady at its upcoming meeting. Multiple banks are offering a top-tier APY of 4.30% — giving savers plenty of competitive options despite recent dips. Now is still a favorable time to…
Ask people where they’re heading this summer, and you’ll likely find some familiar big-name tourist spots. However, Bankrate’s 2025 Vacation Rental Study shows that there is plenty of big demand in smaller spots, too. The study analyzed the top 50 in-demand vacation rental markets in the country to determine where…
First came historic inflation and elevated interest rates. Then came aggressive tariffs, recession fears, market volatility and a tit-for-tat trade war. For years now, Americans have felt poorly about the U.S. economy — and new data from Bankrate suggests many people aren’t feeling better, even after electing a new administration…
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