Arbitrage is the process of taking advantage of a price difference in different markets in order to earn a low-risk profit. In the classic example, an investor buys the asset in the lower-priced market and sells it in the higher-priced market. More likely than not, the price difference is small.…
Key takeaways A backup offer is an offer that’s submitted even though the seller has already accepted an offer from another buyer. Accepting a backup offer as a seller means you have a fall-back in case the buyer in first position falls through. Making a backup offer as a buyer…
Real estate in general — and buying or selling a home in particular — is rife with jargon and slang that’s probably unfamiliar to many. Here’s a glossary of some of the most common terms, with their real estate definitions. General real estate definitions Closing costs: Homebuyers and sellers both…
Key Insights Interest rates directly affect borrowing, saving, and investing decisions. Higher rates make loans more expensive but reward savers. Mortgage payments, credit card debt, and access to credit can shift quickly. Staying informed and adjusting your strategy helps protect your financial health. American Consumer Credit Counseling (ACCC) can guide…
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Key takeaways When it comes to earning cash back on popular spending categories, such as dining and travel, the Capital One Savor Cash Rewards Credit Card and the Chase Freedom Unlimited® are both strong choices. The Capital One Savor Cash Rewards Credit Card could be…
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Trying to save for a house and retirement at the same time can feel like running two marathons at once. Many people, especially millennials and Gen Z, are getting crushed under the weight of both goals. On the one hand, homeownership is still a powerful tool to build long-term wealth and…
Exchange-traded funds (ETFs) offer tons of advantages for beginning investors (and intermediate and advanced ones, too). ETFs can provide attractive returns, and investors don’t need extensive knowledge to find funds that are poised to deliver attractive returns for decades. But which ETFs should beginning investors consider buying, and how should they…
The phrase “cheap beach vacations” might make you a little nervous. It can bring up images of questionable hotels or camping in the back of a van and trying to convince your family the ocean breeze is “natural air conditioning.” But here’s the deal: Cheap beaches to visit don’t have…
Images by GettyImages & Hunter Newton/Illustration by Hunter Newton/Bankrate Key takeaways Refinancing your car loan is ideal if you plan on keeping your car long-term. Securing a new loan with a better rate could lower your monthly payment and total borrowing costs. Trading in your car is a better solution…
When it comes to tax planning rules, many retirees often ask one question in particular: is a pension considered earned income? The short answer is no—pension income is generally not classified as earned income for tax purposes. Unlike wages, salaries, tips and self-employment earnings, which qualify as earned income, pensions…
Buying a new car is quite the adrenaline rush. But the second you drive your shiny new vehicle off the lot, it’s like lighting a stack of hundred-dollar bills on fire. Why? Depreciation. Car depreciation is the sneaky wealth killer that nobody warns you about at the dealership. And most…
Photo_Concepts/Getty Images Key takeaways If you owe more than the car is worth, meaning you have negative equity, you should pay off a car loan before you trade it in. If you have positive equity on the car, meaning you owe less than the car is worth, you can trade…
That job didn’t work out like I thought it would. Ugh, I didn’t expect that to get canceled. My dad promised he would show up this time. Disappointment comes in all shapes and sizes. It could be that your spouse canceled date night at the last minute because something…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways It’s possible to obtain multiple VA loans over time, or more than one at the same time, based on your VA entitlement amount and the lender’s qualifying standards. You might use another VA loan to buy a new or additional property,…
When you decide to get serious about saving for your retirement, it’s important to know your options. And trust us, there are a lot of options out there to choose from. You need to know what to invest in and what to stay away from. From time to time, you…
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