Washington State imposes a 7% capital gains tax on the sale of certain long-term assets, including stocks and business interests, above an annual exemption threshold. Although the tax does not apply to all investments, many residents still seek legal strategies to avoid the Washington State capital gains tax. These can…
Cashing out a 401(k) at age 62 is allowed, but it comes with trade-offs many savers will want to consider. Withdrawals at this age avoid the 10% early withdrawal penalty, though income taxes still apply. Taking a lump sum of part of the account balance could offer immediate access to…
Tetra Images/Getty Images Key takeaways If you want to build up your credit and don’t have a bank account, there are secured cards that accept a deposit using a money order or prepaid debit card. Some of them even offer rewards, but also consider their fees and APRs. If you…
sasirin pamai/Getty Images A tax advisor is a type of financial advisor who focuses on managing and optimizing the tax issues of individuals and businesses. Tax advisors may specialize in a specific area of tax, such as taxes for high-net-worth individuals, business taxes, partnership taxes and more. Here’s what else…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30%…
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
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If you’re self-employed, saving for retirement is your responsibility. Two common tools are SEP IRAs and annuities, but they work in different ways. An SEP IRA gives you tax advantages, control over investments and flexibility. An annuity offers guaranteed income, but usually with less access…
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Cons of Budgeting Apps While the best budgeting apps will give all the benefits above, they also tend to share a few general…
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Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making…
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Key takeaways Adding authorized users to your business credit card account can make it easier for you to complete purchases and earn rewards…
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Key takeaways Setting up a custodial Roth IRA for a child provides them with decades of tax-free, compounded investment growth on money they can use for important life events. Adults can easily open a custodial IRA on behalf of a minor at a discount broker by providing basic information about…
President Donald Trump sees tariffs as a means to reduce trade deficits, encourage domestic manufacturing and address national security concerns. By imposing tariffs, Trump aims to make foreign goods more expensive, thereby promoting the purchase of American-made products. This approach is intended to decrease reliance on imports, and generate revenue…
Key Takeaways Shopping around for a HELOC can help you score the best interest rate along with more competitive terms. A variety of factors associated with HELOC terms can impact your overall costs, including prepayment penalties, origination fees, maintenance fees and minimum draw amounts. Maintaining a good credit score is…
Key takeaways Defaulting on an unsecured loan can impact your business and personal finances When you default on an unsecured loan, the entire loan becomes due immediately Your lender may be able to help you find a solution and avoid default For many entrepreneurs, unforeseen circumstances often lead to missed…
Image by GettyImages; Illustration by Bankrate A big jump in HELOCs this week: The average rate on a $30,000 home equity line of credit rose 15 basis points to 8.14 percent, according to Bankrate’s national survey of lenders (affected by increases among Midwestern institutions in particular). Meanwhile, home equity loan…
Key takeaways Many lenders state their credit score requirements, helping you narrow down small business loans for bad credit Some loans focus less on your business credit history and more on future sales or revenue from invoices Offering assets or collateral can make you less risky and improve your chances…
Emma Innocenti/Getty Images Key takeaways The Fair Housing Act prohibits discrimination based on an individual’s sex. Today, the most robust housing protections for LGBTQ+ buyers exist at the state level. If you believe you’ve been discriminated against by anyone in the real estate industry, contact an attorney or an LGBTQ+…
Opening a Roth IRA might be the single best retirement decision you can make. While the Roth IRA doesn’t offer immediate tax gratification like other types of retirement accounts do, it does give you tax-free growth and you’ll never have to pay any taxes on withdrawals if you follow the…
If you’re deep in debt — or concerned that lingering inflation, the U.S. trade war or a potential recession could land you there — you might not be looking to Washington, D.C., for help. Turn on the news, and it’s hard to see anyone agreeing on anything, let alone substantive…
Key takeaways The price of a new private jet can range from less than $3 million to hundreds of millions of dollars. How much you’ll spend on a jet depends on various factors, including whether you lease or buy, how long you want to travel and your desired passenger space.…
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