Key takeaways In a Chapter 7 bankruptcy, creditors can seize certain assets to repay the debts you owe. However, exceptions allow debtors to retain some of their assets (or at least part of the asset’s value). Chapter 13 bankruptcy is more about restructuring debts than forfeiting assets. Under Chapter 13…
Key takeaways The American Express® Business Gold Card and The Business Platinum Card® from American Express let cardholders earn valuable Membership Rewards points in categories common to many businesses. The Amex Business Gold may be a better choice if you plan to use it for everyday business expenses rather than…
Image by Getty Images; Illustration by Bankrate If you’re planning for retirement, one of your key questions is how much you can earn from Social Security — what’s the maximum you can get? As of January 2025, the maximum benefit you can receive at full retirement age is $4,018 per…
Key takeaways Uniformed service members and federal employees can borrow against their retirement plans with a TSP loan. You can borrow a minimum of $1,000. You can borrow a TSP loan for general purposes, and you can use funds to construct or close on a home. TSP loans come with…
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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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A dashboard-mounted camera (or “dash cam”) won’t typically lower the cost of your auto insurance automatically. Almost no U.S. auto insurers offer a direct discount for installing a dash cam, but having one in your car could still have positive payoffs. Bankrate’s insurance editorial team…
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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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Todd and Julie Chrisley were convicted of tax evasion and bank fraud, and have been in prison since January 2023. Todd was sentenced to twelve years, and Julie was sentenced to seven years. But their long sentences ended when they were issued full pardons by President Trump. The President said…
Key takeaways When a merchant accepts credit card payments, it pays an interchange fee charged by the credit card company to process each card transaction. Interchange fees can chip away at a merchant’s bottom line, with small purchases resulting in a loss in profit if paid for with…
President Trump’s 2026 budget would freeze spending for many services for older adults, deeply cut others, continue his efforts to slash government staffing for key programs, and abolish a critical federal office that manages many of those initiatives. It would retain, but sharply reduce funding for, the National Institute on…
Topline The Supreme Court expanded when religious organizations can qualify for tax exemptions as it ruled Thursday in favor of a charity in Wisconsin—potentially setting off a slew of organizations seeking new exemptions, which critics warn could harm federal and state tax revenues. Key Facts The Supreme Court ruled unanimously…
Foreign transaction fees are just one of several annoying travel fees that can be added to your purchases when you use a credit card to pay overseas. Thankfully, many business credit cards waive these fees, which may be just what you need if your business frequently travels abroad. The best…
The budget reconciliation bill passed by the House on May 22 would cut taxes by an average of about $2,900 in 2026, according to a new analysis by the Tax Policy Center that reflects eleventh hour changes to the measure. About 84 percent of households would get a tax cut.…
Did you know that, according to the National Retail Federation’s 2025 Father’s Day Spending Survey, Americans are expected to spend $24 billion on Father’s Day this year? The survey also revealed that the top three gifts for dads are greeting cards, clothing, and special outings. This trend highlights the value…
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict editorial policy, so you can trust that…
David Papazian/Getty Images Key takeaways Collateral is something that backs — or secures — a loan, making it less risky for a lender. With mortgages, the collateral is usually the home that the borrower used the mortgage to buy. If you can’t repay the mortgage, the lender will seize your…
If you are approaching retirement and have savings in a 457(b) retirement plan, you might wonder which taxes you’ll pay on withdrawals after age 70. This is important when it comes to retirement planning. Otherwise, it could be hard to accurately estimate your future income and tax liabilities. While 457(b)…
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