Key takeaways The trend toward flat personal income tax rates has accelerated over the past few years, with eight states switching to a flat tax since 2023 (including Kansas and Ohio, which will have flat rates after 2025). States are moving to flat-rate income tax structures to cut taxes, increase…
Vladimir Vladimirov/Getty Images The year 2025 has seen nothing but tailwinds for the emerging cryptocurrency industry. From the passing of the GENIUS Act, to the Securities and Exchange Commission (SEC) disbanding its crypto enforcement unit, crypto investors have plenty of reason for renewed confidence. But the rest of the year…
Key takeaways You can legally buy property when you reach the age of majority, or the age at which you are legally considered an adult. However, that age differs by state — in most states, the age of majority is 18, but in a few it’s older. Even once you’re…
Key takeaways Grants can help Black female business owners bridge the funding gap Many grants are tailored to specifically help Black business owners and women business owners overcome racial biases Grants designed to help minority business owners overcome barriers are currently facing legal challenges Additional resources are available, including minority…
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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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The IRS mandates withdrawals from pre-tax retirement accounts once you reach a certain age. These are referred to as required minimum distributions (RMDs). For many retirees, RMDs don’t change much since they already take out more than the minimum to cover living costs. But, for…
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When I finished graduate school, I had $72,000 in student loans weighing me down. But less than a year after graduation, I’d paid…
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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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What if, this whole time, the rising cost of college was wrapped within a fairly simple catch-22: More federal funding helps students afford school — but it also causes higher sticker prices for everyone. It’s an argument that Tom Graf, the longtime executive director of state-based lender MEFA, can understand,…
Data shows that tariffs, inflation and a possible recession are on the minds of American consumers — and for good reason. All you have to do is catch the headlines to know why. With all the financial strain, some of us will look to a personal loan to get through…
Key takeaways Your home insurance claim payout may be either a full or a partial payout, depending on the nature of the damage and your carrier’s policies. Filing a property insurance claim may increase your annual premium, but returning an unused partial claims payout won’t help return your homeowners insurance…
Key takeaways Chase launched its new points redemption option in June 2025, known as the Points Boost program. Points Boost offers can be worth up to 2.0 cents per point, but offers vary in value depending on the cardholder and booking type. Immediate feedback on the Points Boost program is…
Key takeaways Net worth is a measure of wealth that is calculated by subtracting your liabilities from your assets. Assets might include things such as real estate, stocks or retirement accounts, while liabilities would include your mortgage, any credit card debt and student loans. Net worth is a useful tool…
Image by GettyImages; Illustration by Bankrate Key takeaways The timeline to get a bank business loan varies, but expect it to take at least a week. Several factors influence bank loan processing, including the lender and type of loan. Gathering the required loan documents before applying can speed up loan…
Key takeaways Pet insurance covers accidents, illnesses and sometimes chronic conditions, while savings accounts can be used for any pet-related expense, including routine care. Pet insurance helps cover significant medical expenses, offering peace of mind in emergencies, but comes with monthly premiums and policy exclusions. Pet savings accounts give you…
Key takeaways Access to capital is one of the many financial challenges minority-owned businesses face. Business grants are a great option for minority-owned businesses since they don’t require repayment. Alternatives to business grants include business loans, business credit cards and crowdfunding. Minority-owned businesses make up about half of all the…
Key takeaways Required minimum distributions refer to the amount of money that some retirement account holders are required by the IRS to withdraw starting at age 73. Some retirement accounts, such as Roth accounts, are not subject to this rule. If you fail to start taking RMDs from an account…
Key takeaways An option is a side bet among traders over what the price of a stock will be at a certain time. With stocks, you take an ownership stake in the company. Your risk tolerance, level of experience and investing goals play a big role in deciding which one…
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