Key takeaways Unsecured debt, such as credit cards, student loans, medical bills and high-interest loans can all be consolidated. Debt consolidation can simplify your bill-paying strategy by consolidating multiple accounts into one new loan with a single payment. Consolidating debt can save you money on interest and help you get…
What’s worse: a weak job market or stubborn inflation? Most people would say they don’t want either. Rising prices make it harder to afford the things you need, even when you’re working. A weak job market makes it tougher to ask for a raise, find a better position or land…
Key takeaways Stocks can be a great way to build wealth over the long term. You can buy stocks directly or you can buy a mutual fund or ETF that gives you access to many stocks through just one investment. If you’re not comfortable investing on your own, a financial…
A health savings account (HSA) can support your retirement plan through tax-deductible contributions, tax-free growth and tax-free withdrawals for qualified medical expenses. But not all insurance premiums qualify, so it’s important to know which costs you can and cannot cover with HSA funds. A financial advisor can help you review…
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The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
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…
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Key takeaways The Bank of America® Unlimited Cash Rewards credit card offers a number of unique perks to cardholders, including unlimited flat rate cash back on all purchases. The Bank of America® Customized Cash Rewards credit card is another cash back card option, this one…
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Experience with the Program: How Debt Management Helped a First-Time Renter Katie’s journey shows clearly how debt management helped her regain control over…
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These entrepreneurs, traders and investors are making an outsized impact in fintech, crypto and traditional financial services.By Jeff Kauflin, Hank Tucker and Nina…
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Key takeaways The SIPC is a federally mandated, private nonprofit organization that helps protect securities and cash in brokerage accounts against the risk of the brokerage becoming insolvent. The SIPC protects specific types of securities, such as stocks, bonds (including Treasurys), money market mutual funds and CDs. The SIPC and…
Key takeaways Both the Chase Freedom Rise® and the Discover it® Student Chrome are strong starter credit cards that can help students build credit while earning cash back. The Chase Freedom Rise®, while offering flat-rate rewards, provides long-term benefits such as broader redemption options and potential pathways to premium Chase…
Here’s something credit card experts know but you might not: it’s getting much tougher for the average person to find a great travel credit card that unlocks luxury experiences without the price tag. Major credit card issuers have steadily made premium credit cards more exclusive in recent years. Before, they…
If you need retirement funds for living expenses now, paying taxes on a Roth conversion may cost more than it saves. But, if you plan to keep the money for growth or pass it on to heirs, a conversion can help you avoid future required minimum distributions (RMDs) and provide…
Key takeaways You can cancel an annuity at no cost during the “free-look” period, but after that point it can be much harder and more costly. Some annuities have limited withdrawal provisions and most will let you cash out your investment, though there are penalties. You could also consider selling…
If it feels like your car is eating more of your paycheck than ever, you’re not imagining it — car ownership costs are rising faster than inflation. Bankrate’s latest Hidden Cost of Car Ownership Study reveals that the average driver now spends $6,894 in hidden expenses per year on their…
Retiring early is possible for many people, but it requires smart planning and reliable income sources. Dividend-paying investments offer one path by providing consistent cash flow while still allowing your portfolio to grow. By reinvesting dividends during your working years and later using them to cover living expenses, you can…
High earners often weigh the mega backdoor Roth against the backdoor Roth to expand tax-free growth. A backdoor Roth works by making a nondeductible traditional IRA contribution and then converting it to a Roth. A mega backdoor Roth, on the other hand, uses after-tax 401(k) contributions that are later converted…
The Wells Fargo Autograph Journey℠ Card, released in March 2024, may seem like a good option with competitive rewards rates, but how does it stack up to some of the best travel credit cards on the market today? And does it deserve a place in your wallet? In this article,…
How much you can lose by retiring at 62 depends on Social Security, savings growth, and pensions. Starting Social Security at 62 usually cuts monthly benefits by 25% to 30% compared to waiting until full retirement age. Retiring early also means fewer years to save and less time for investments…
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