Key takeaways Though lawyers earn above-average salaries, law students typically graduate with over $100,000 worth of debt. The amount of debt you take on will be based on the type of school you attend (public or private), whether you’re a resident student and the school’s location. Programs offered by the…

Call options are a type of option that increases in value when a stock rises. They’re the best-known kind of option, and they allow the owner to lock in a price to buy a specific stock by a specific date. Call options are appealing because they can appreciate quickly on…

Key takeaways A corporation is a separate legal entity that issues shares (stake in the company) to owners and protects their personal liability A partnership is owned by its partners and is easier to establish and maintain Partnerships and some corporation types are pass-through entities, which means they avoid double…

Think about the biggest life change you’ve had in the past year. The past five years? Now think about what’s coming up in the next five. You’ve probably got at least one major event that either just happened or is getting ready to happen. Maybe you’re celebrating the birth of…

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Key takeaways Both parents, including stay-at-home parents, should consider life insurance coverage when expecting. Life insurance applications are generally accepted during pregnancy, though some health factors can affect rates. Setting up a trust or guardian arrangement for minor children as beneficiaries can ensure smoother access…

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Key takeaways You can defer Chapter 13 bankruptcy payments if you encounter unexpected financial hardships. Other options for adjusting Chapter 13 bankruptcy payments include asking for a hardship discharge, changing to Chapter 7 bankruptcy or dismissing and refiling your case. To be sure you’re taking appropriate action for your…

Economic issues were top of mind for voters in the 2024 presidential election. A recent Associated Press poll found that 39 percent of voters believed the economy was the most important issue facing the country, nearly double the second most popular selection (immigration, at 20 percent). Specifically among financial matters,…

The standard deduction is a powerful tool for reducing your tax bill. It reduces your income — specifically, your adjusted gross income — and thus lowers how much of your income is subject to taxes. Taxpayers generally have two options: You can itemize your deductions or you can claim the…

JenniferPhotographyImaging/Getty Images The 2024 hurricane season wasn’t just bad news for homes — cars also got caught in the storms. Vehicle data company Carfax estimates that around 347,000 cars were damaged this hurricane season, with the majority of losses stemming from Hurricanes Helene and Milton. If you have a minimum…

Key takeaways Your homeowners insurance coverage can help protect your hard-earned money in ways you might not even realize, including covering the cost of a lawsuit, hotel expenses, meteorite damage and more. You’re not limited to just what’s in your policy. For more protection, you can purchase coverage add-ons, called…

FrankMirbach/Getty Images; Illustration by Issiah Davis/Bankrate Drivers nationwide already pay more for car insurance every year, but drivers with speeding tickets typically pay much higher rates for the same coverage. Unfortunately, this means Florida drivers with speeding tickets might struggle to afford car insurance. To help you find cheaper coverage…

Personal property insurance is one of the pillars of a home or renters insurance policy — but is your personal property stored elsewhere covered? While home or renters insurance may extend to items in storage, there are exceptions. That said, it may be beneficial to purchase a separate storage unit…

An umbrella policy is a proactive move for anyone looking to protect their finances from the uncertainties of life. While your auto, home or renters insurance policy provides liability coverage, some situations can fall outside of basic policy coverage—and that can get costly very fast. Bankrate’s insurance editorial team dives…

Is speeding worth the gamble? Maybe not in Nevada, where drivers already pay the fifth-highest rate for full coverage car insurance in the country, and if you receive a speeding ticket, your rate will only go higher. Aside from paying more for auto insurance, drivers with speeding tickets are hit…

When you start a new job, you’ll be required to submit a W-4 form, also known as the Employee’s Withholding Certificate. The W-4 is a crucial tax document, because it tells your employer how much in federal taxes to withhold from your paycheck. That, in turn, determines whether you’ll get…