MoMo Productions/Getty Images Key takeaways Almost all workplace 401(k) plans let workers save extra money for the future, so long as you meet age requirements. Those age 50 or older can contribute an extra $7,500 per year. And, starting this year, individuals aged 60-63 can now make “super catch-up” contributions…
Photography by Getty Images; Illustration by Bankrate Key takeaways Snow and ice are covered by home insurance in some instances, like if your roof collapses or a tree falls on your home. When it comes to roof leaks, it will depend on scenario specifics. Some snow-related roof leaks will be…
Key takeaways Both 401(k)s and 403(b)s are tax-advantaged retirement savings plans. While 401(k)s are offered to workers in for-profits companies, 403(b)s are for not-for-profit and government workers. Both plans are subject to the same annual contribution limits, though 403(b)s have a special provision for long-term employees. If you’re looking at…
Key takeaways The earlier in the year you can contribute to your IRA, the more time your money has to grow. Make sure you’re aware of IRA contribution deadlines. Consider your expenses and needs when deciding how to time your IRA contributions. Contributing to an individual retirement account (IRA) each…
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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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SimpleImages/Getty Images Key takeaways Fiat money is a government-created currency, usually issued by its central bank, and isn’t backed by a tangible commodity, like a precious metal. Unlike commodity-backed money, fiat money isn’t intrinsically valuable; its worth is determined by supply and demand and the…
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Budgeting and Building an Emergency Fund for Rising Costs If rising costs are stressing you out, you may require adjustments to your budget…
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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 Women have faced discrimination in the housing and mortgage industry throughout history, but legislation such as the Equal Credit Opportunity Act and the Fair Housing Act have helped to level the playing field. As of 2024, single females represent one-fifth of all homebuyers, while single men comprise only…
PixelsEffect/Getty Images Key takeaways Most people should keep hard copies of credit card statements for at least 60 days. Business owners and charitable donors should keep credit card statements for at least six years in case of tax audits. Securely store and dispose of credit card statements to protect personal…
Hispanolistic/Getty Images As the old saying goes: What goes up, must come down. But in the case of annual percentage yields (APYs), we might have a bit more air time. While APYs on deposit accounts may have come down from their peak in recent years, plenty of banks and credit…
Open to first-time and repeat buyers No interest Cons: Applicants must submit a purchase contract within 45 days. City and County of Honolulu Down Payment Loan Program The Department of Community Services for the City and County of Honolulu offers a down payment loan for up to $40,000. The loan…
There are a handful of numbers you should track for your financial health and well-being. A few you might already know about – your credit score and your net worth, for example. But you should also know your personal savings rate. Your personal savings rate is simply the percentage of…
Key takeaways Delta SkyMiles offers frequent Delta flyers the chance to earn miles that can be redeemed for free or discounted flights, flight upgrades, baggage fees and more. One of the easiest ways to earn SkyMiles is by using a co-branded Delta credit card. Although co-branded Delta cards come with…
Key takeaways Applying for a credit card can be an effective way to start rebuilding your credit after a bankruptcy, but you must wait until your bankruptcy is fully discharged to apply. Depending on the type of bankruptcy filed, it could take as long as five years for…
Credit Sesame explains how a good credit score can save money and improve your personal financial outlook. 1. Lower interest rates on loans One of the clearest benefits of strong credit is qualifying for lower interest rates. Borrowers with high credit scores generally receive better loan offers, potentially saving thousands…
More than ever before, women in the U.S. are taking control of their finances, investing in their future selves and making smart money choices. But there’s still one obstacle in their way today: the gender pay gap. Census Bureau data for 2023 estimates women working full time, year-round earned 83…
3. Ditch the Gym: Let Your Sidekick Keep You Active Dogs need walks, cats need play time, and even small pets like rabbits or birds can encourage movement. Building an exercise routine with your pet – or while your pet keeps you company – can double as your workout, reducing…
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