Key takeaways 401(k) plans typically offer 10 or more investment options, including stock, bond and target-date mutual funds. Performance history (i.e., long-term investment returns) and management costs are key factors for assessing your options. Savers who want to custom-build a portfolio within the plan need to consider their goals, time…
PixelsEffect/Getty Images The Roth IRA is one of the most popular ways to save for retirement, but not everyone can make direct contributions to a Roth IRA because of the limits put on high earners. Single taxpayers who make $165,000 or more in 2025 won’t be able to make direct…
Credit Sesame explains how the Fed interest rate outlook could affect your credit cards, borrowing costs, and ability to manage debt in today’s economy. Six months ago, the Fed interest rate outlook pointed to lower borrowing costs. But that path has shifted. Inflation is rising again, economic growth is slowing,…
Key takeaways A student loan settlement helps you pay off your student loans in one lump sum for less than the amount you owe. To be eligible, your loans must be in default, meaning you failed to make multiple payments. Student loan settlements can negatively impact your credit score, so…
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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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Because a mortgage is one of the most substantial financial commitments you’ll make in a lifetime, it’s important to do your due diligence and ensure you’ve investigated all of your options thoroughly. Before you choose a mortgage lender, though, you must shop around and compare…
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Key takeaways The statute of limitations for some types of debt is typically three to six years. While waiting for the debt to…
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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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Jacob Wackerhausen/Getty Images “How much can I afford to pay for a house?” It’s a question all hopeful homebuyers ask themselves. Coming up with a monthly payment that works for you might be easy — simply subtract your monthly expenses from your gross monthly income. Unfortunately, that number might not…
Investing in an individual retirement account (IRA) is a great way to save for retirement — as long as you’re actually investing your money. Yet a surprisingly high number of investors who take the critical step of contributing money to an IRA miss out on the account’s biggest perk: access…
eclipse_images/Getty Images Key takeaways Credit-builder loans can help borrowers improve their payment history — and by extension their credit score — since they report regular, on-time payments to major credit bureaus. Benefits of credit-builder loans include flexible acceptance criteria, the chance to improve your credit and the ability to build…
Budgeting with ADHD Using Visual Tools Budgeting with ADHD doesn’t have to be a snooze fest. If spreadsheets make your eyes glaze over, try something more visually engaging. Use colour-coded charts, you can find tons of fun templates online. You can also try using budgeting apps or interactive, online budget…
Key takeaways When securing a vehicle lease, lessees can negotiate the buyout price, gross capitalized cost, mileage allowance and money factor. Take the time to understand the language of a car lease to ensure confidence when negotiating. When signing off on a car lease, you cannot negotiate the acquisition fee,…
Rhode Island may be the smallest state in the country, but real estate prices here can look pretty big. Home prices in Rhode Island have increased over 7 percent from the year prior as of February 2025, according to Redfin data. If you’re a first-time homebuyer in Rhode Island, you…
Key takeaways When it comes to couples and credit cards, only one party needs deep knowledge to accumulate credit card rewards. Having a secondary user work in partnership with a lead cardholder as a ‘Player Two’ can yield great results. Here at Bankrate, many of us are slightly obsessed with…
JGI/Tom Grill/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Business line of credit interest rates range from 8 percent all the way up to 60 percent or higher, depending on the lender and the borrower’s creditworthiness The best rates are offered to established business owners with good-to-excellent credit Business…
Key takeaways Divorce can have a negative impact on your finances, but it’s important to protect your credit at all costs. Understand that the process of rebuilding your credit can take time and effort. Take advantage of resources that help you rebuild your credit and finances after divorce. When a…
Key takeaways Credit card debt doesn’t disappear after death. In most cases, it’s either paid off through the estate’s assets or becomes the responsibility of a joint account holder or cosigner. If an estate can’t cover the debt, the remaining debt may impact beneficiaries and, in certain cases, they could…
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