Photography by Getty Images Key takeaways You can close your Discover credit card account by sending a closure request in the mail or by calling the number on the back of your card and speaking with a representative. Before closing your card, you should pay off any balance remaining and…
If you have a 401(k) account and recently left your job or were laid off, you might be wondering what to do with your retirement investments. But even if you left your employer some time ago and still have a retirement account there, you have several options when it comes…
Key takeaways Stocks can be a great way to build wealth over the long term. You can buy stocks directly through a brokerage account, or you can buy funds that invest in many stocks. Financial advisors and robo-advisors can help you build a stock portfolio if you aren’t comfortable investing…
Key takeaways Both charge cards and credit cards allow you to make purchases that you can pay off at a later date. Credit cards allow users to carry a balance from month to month, but those balances are usually subject to credit limits and interest charges. Charge cards tend to…
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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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Key takeaways Do your research to decide which financial professional — a therapist, advisor or credit counselor — can best help you. It’s hard work to eliminate debt, so commit fully to the process. No matter which you choose, realizing you need help is the…
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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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Real estate agents — whether representing the buyer or the seller — generally earn their income through a percentage of the home’s sale price. Traditionally, sellers have picked up the tab for both their own agent and the buyer’s agent, with total commissions often landing in the 5 percent to…
Key takeaways A cash advance is an option for when you need money in a pinch, but it’ll cost you. You will start accruing interest on your cash advance immediately. To avoid interest piling up, take out only a small amount and pay more than the minimum each month. When…
MoMo Productions/Getty Images Key takeaways Both the Bank of America® Customized Cash Rewards credit card and the Blue Cash Preferred® Card from American Express offer excellent rewards-earning opportunities for everyday purchases. These are tiered cash back rewards cards, so you need to keep up with different categories as well as…
Citi is an advertising partner. I’ve been very open about my journey to fight my way out of debt and a bad credit score. One big step I took was applying for the Capital One Platinum Secured Credit Card. Because I used the card wisely, I was able to upgrade…
Inheriting an individual retirement account (IRA) comes with specific tax obligations that can feel overwhelming during an already difficult time. One of the most important requirements to understand is the required minimum distribution (RMD) for an inherited IRA. This determines how much money you must withdraw each year. Unlike traditional…
Headlined by Hurricanes Beryl, Helene and Milton, AccuWeather estimated that more than $500 billion in immediate total damage and long-term economic losses were sustained over the 2024 hurricane season. Unfortunately, the forecaster is also predicting another year of above-average storm frequency and intensity for coastal residents in 2025. While there’s…
If you have money in a Roth IRA, you may be wondering how to move some of it into stocks to maximize your investment potential. This is an important consideration. Choosing to save in a Roth IRA provides significant tax advantages. However, the way you allocate the funds within the…
Key takeaways Online banks typically offer savings rates 5-10 times higher than traditional banks, with top accounts paying over 4 percent APY. Online banks charge fewer fees, with many offering completely fee-free checking and savings accounts. Online banking provides 24/7 account access with advanced mobile features, but lacks physical branch…
Applying discounts to your policy can be one of the most effective ways to save money on your homeowners insurance. Some discounts may not be quite so simple to obtain, installing a new roof, for instance, but others may not require much of you at all. Bankrate’s insurance editorial team…
Carlina Teteris/Getty Images Key takeaways New graduates need checking accounts with no monthly fees, low minimums and strong digital features. Online banks and credit unions typically offer the best graduate bank account options with minimal fees and higher interest rates. Emergency fund building should start immediately alongside choosing the right…
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