When you leave a job or retire, you need to decide what to do with your 401(k). If it’s a traditional 401(k), you can move it to a traditional IRA, where taxes are paid when you withdraw, or to a Roth IRA, where you pay taxes now but withdrawals in…
Key takeaways Invoice factoring allows you to use your accounts receivable to qualify for funding, making them more accessible than other business loans. Factoring companies will collect the invoices directly from your customers. You pay the invoice factoring company a percentage of the invoice amount after invoices are collected. You…
WIN-Initiative/Getty Images Key takeaways You cannot purchase car insurance for a car that has a salvage title; the car must be rebuilt and pass state inspection to get a new title before it is insurable. Not all insurers will insure a salvage car with a rebuilt title, and most car…
Key takeaways Home insurance policies generally cover losses from a fire, unless it’s due to arson or is caused by a known issue, such as old knob-and-tube wiring. Homeowners who live in areas where wildfires are common may pay more for home insurance or have more trouble finding a policy.…
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New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
Many people in economics, finance, business, and regular consumer life have been waiting for the forecast inflation, the tariff shock,…
President Trump’s 2026 budget would freeze spending for many services for older adults, deeply cut others, continue his efforts to…
The Trump administration is clamping down on federal student loan defaults; at the same time, Republican lawmakers in Congress just…
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Key takeaways The bond market is one of the best predictors of the overall economy, but it currently sits in an uncertain position. Bond investors are keeping an eye on rising long-term yields, surging U.S. deficit spending and Trump’s attacks on the Fed for signs…
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Key takeaways There is a statute of limitations on debt, but it varies depending on your debt type and location. The statute of…
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OBSERVATIONS FROM THE FINTECH SNARK TANK In 2022, President Biden signed an executive order directing the government to develop a framework for digital…
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Bloomberg / Contributor / Getty Images Prediction markets are a fascinating way to harness expert knowledge, helping publicize insight that might otherwise remain private. These markets give experts a financial incentive to make their information public or even for non-experts to bet on specific outcomes, such as an election or…
Key takeaways Investment advisors provide advice to clients on managing short- and long-term investments such as stocks, bonds and mutual funds. Investment advisors differ from financial advisors in terms of their roles, regulations, client types, and fee structures. Types of investment advisors include asset managers, portfolio managers, wealth managers, and…
d3sign/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Many mortgage lenders work with self-employed borrowers, and some even specialize in loans for them. Like any other borrower, you’ll need to meet credit and other requirements to qualify. To apply for a mortgage as a self-employed borrower, you’ll need to…
Deciding how much to withdraw from your retirement accounts means finding a balance between enjoying life and making your money last. Taking too little leaves you with unused savings, while taking too much risks running out of money later. Taxes also affect how much you can actually spend. To help…
Key takeaways The main examples of tax-free investments are municipal bonds and tax-exempt money market funds. Other investments have partial tax breaks, such as Series I and EE savings bonds and Treasury bills. Tax-advantaged accounts, such as a Roth IRA, can often provide bigger tax savings than chasing tax-free investments.…
The Good Brigade/Getty Images If you’re considering opening a certificate of deposit (CD), you might first be thinking about why you want to open one. That, of course, depends on a variety of factors, such as where you’re opening your account, your financial goals and how much money you have.…
When you file your federal income tax return, you have a choice to make: Claim the standard deduction or itemize your deductions. The standard deduction is a dollar amount set by the IRS, while itemizing your deductions means you add up your total costs for a list of IRS-approved expenses,…
Key takeaways There are five different options when it comes to choosing a tax filing status, but your choices are narrowed down by whether you’re married or single, and whether you have a qualifying dependent. Two statuses are for unmarried people: single and head of household. Another two are for…
Photograhy by Getty Images Credit One Bank is a financial services company founded in 1984 based in Las Vegas, Nevada. Credit One Bank offers cash back and points-earning credit cards as well as high-yield CDs and savings accounts. It’s also an official partner of the Las Vegas Raiders, the Vegas…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways You’ll need necessary documents — including a government-issued ID, social security number, and proof of address — to open an account. If you’re denied because of your banking history, there are banks and financial technology companies that offer second-chance accounts.…
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