While Bitcoin spent the last decade soaring and making millionaires out of many people, other owners of the world’s largest cryptocurrency have missed out. Why? One major reason: They’ve lost access to their account. In fact, more than $400 billion in Bitcoin is estimated to be lost — but some…
This piece was originally published in early 2023 and reflects the author’s financial decisions during that time. The rest of the article has since been updated. Key takeaways With average credit card interest rates well above 20 percent, chasing credit card rewards while carrying card debt doesn’t make any sense.…
Key takeaways Borrowers may refinance second homes and investment properties to get a lower interest rate or access the home’s equity as cash, among other reasons. The refinancing process for a second home or investment property is similar to refinancing a primary residence, but it can be harder to qualify.…
Roman_Makedonsky/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways A no-closing-cost refinance means you won’t pay closing costs upfront — but you will roll them into your loan or pay a higher interest rate. A no-closing-cost refinance saves you some money at closing, but it could end up costing you more…
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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…
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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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Becoming a 401(k) millionaire represents a significant milestone in retirement planning. According to recent data, the average age at which individuals attain this status is 59 years old, typically after 26 years of consistent contributions to their retirement plans. The length of time typically required to become a 401(k) millionaire…
Key takeaways Corporate credit cards are typically issued to bigger corporations with a solid credit history, allowing for efficient expense management as individual employees can be issued their own cards for work-specific spending. Corporate credit cards often don’t require a personal guarantee, making them more suitable for larger corporations. …
Despite all the hype around cryptocurrency, the vast majority of Americans say they’re uncomfortable investing in it, according to Bankrate’s 2025 Long-Term Investment Survey. Nearly 4 in 5 Americans (78 percent) say they’re not comfortable putting their investment dollars in crypto. So, what might be making Americans uncomfortable with cryptocurrency?…
Key takeaways Formerly incarcerated entrepreneurs can apply for general small business grants for funding. Entrepreneur courses aimed at people formerly incarcerated offer a wealth of knowledge about starting a business. You may be eligible for an Education Pell Grant. Try local when looking for startup resources. According to the Prison…
Key takeaways Veteran business owners have more difficulty securing capital than non-veteran business owners Grants for veterans are available from various sources, including nonprofits and corporations In addition to grants and funding, certain resources offer veteran business owners mentorship, workshops and training Veteran-owned businesses play a significant role in the…
With the Tax Cuts and Jobs Act (TCJA) set to expire at the end of 2025, tax policy is once again front and center. On May 22, 2025, the House passed a sweeping tax proposal, officially titled “One Big Beautiful Bill Act,” by a 215–214 vote. The bill aims to…
Image by Getty Images; Illustration by Bankrate To pay or not to pay? That’s the question in my soul. Do I Venmo Uncle Sam, And put forgiveness hopes on hold? This lyric popped into my head as I pondered the meaning of debt management in the era of student loan…
Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems that verify transactions in the currency. When a bitcoin is successfully mined, the miner receives a predetermined amount of Bitcoin. Bitcoin is one of the most popular types of cryptocurrencies, which are digital mediums of…
Yes, I stopped contributing to my 401(k) and paused all other types of investing to pay off my student loans. And no, I don’t regret it. Going against the grain not only helped me become debt-free, but after I paid off my loans, I was able to invest enough to…
Bitcoin is one kind of digital currency or cryptocurrency, a medium of exchange that exists exclusively online. The currency broke into mainstream consciousness in 2017 — as its price ran up thousands of dollars over the course of the year — and it now sports a market cap of more…
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