Short on cash? Need a loan to renovate your kitchen? Upgrade says they can help (for a fee, of course). Upgrade personal loans and credit cards may seem like an easy, risk-free way to borrow money. But don’t be fooled by the name—doing business with Upgrade won’t actually upgrade your…
Transferring property with a quitclaim deed may seem like a quick and tax-free move, especially among family members. However, the reality can be far more complicated. These transfers often avoid immediate taxes. However, they can quietly set the stage for a much larger capital gains bill down the road. Understanding…
Federal employees with traditional Thrift Savings Plans can now convert money to a Roth TSP. This moves their future qualified growth and withdrawals into tax-free territory, but creates a substantial current-year tax bill. However, Roth TSP balances are not subject to lifetime required minimum distributions (RMDs). Here’s how the tax…
There’s an uncomfortable situation we need to look at in this country: the student loan crisis. This debt disaster has become way too serious to ignore—and it’s affecting the lives of millions. Right now, the total amount of student loan debt in the U.S. is over $1.6 trillion.1 That’s mind boggling, folks. Let’s review…
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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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Annuities can look tax-friendly because your money grows without an annual tax bill, but the real surprise often comes when you start taking money out. Depending on how the annuity was funded, withdrawals can trigger ordinary income taxes, early-withdrawal penalties and surrender charges. Combined, these…
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In her half-century on earth, Torry Holmesly has been subjected to neglect, violence, eviction and homelessness. So, if you ask her about what…
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Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30% from 2023, according…
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The United States is home to nine of the top 10 richest people in the world, but that doesn’t mean there isn’t significant wealth outside the U.S. In fact, the top three richest people outside the U.S. are all worth more than $100 billion, according to the Bloomberg Billionaires Index. …
Key takeaways Bad credit loans often come with high interest rates and may require collateral or a cosigner. Payday loans are high-interest loans that are often marketed as bad credit loans and should only be used as a last-resort option. Some lenders may offer short-term loans for small amounts to…
Key takeaways Emergency loans provide quick access to cash for unexpected expenses, but they come with high fees and interest rates. It is important to carefully consider if an emergency loan is truly necessary, and to explore alternative options such as budgeting and building an emergency fund. An emergency loan…
PrathanChorruangsak / GettyImages Key takeaways Metal credit cards, which are more durable compared to plastic cards, require different disposal methods. Some options for destroying metal credit cards include mailing them back to the issuing bank, returning them to a branch, keeping them in a safe place or destroying them yourself.…
Key takeaways The Chase Sapphire Reserve® card offers leading travel benefits, including a $300 annual travel credit and extensive trip protection coverage. The Sapphire Reserve is an excellent choice for rewards on travel, dining and online grocery purchases. Make sure to take advantage of monthly credits, since they don’t roll…
Key takeaways Credit cards can help you save money on travel through waived foreign transaction fees, travel statement credits and elite benefits. Look for cards that earn bonus rewards on travel and dining to help you maximize every dollar spent. Take advantage of credit card travel protections, which can help…
Key takeaways Because people under age 18 can’t open their own credit cards, you can’t technically open a new credit card account in your child’s name — but you can still add them to yours. Adding someone to your account turns them into an authorized user, which gives them many…
Key takeaways Full-time working mothers with children under 18 earned a median salary of $56,680, while their male counterparts earned $76,388 in 2024, according to Bankrate’s analysis of Census Bureau Current Population Survey (CPS) data. That’s a 35 percent pay gap, wider than 2023 and 2022. There appears to be…
Reaching age 60 is a major financial milestone, particularly when it comes to your 401(k) retirement savings. While you can access your 401(k) without penalties after age 59.5, there are important rules, strategies and tax implications to keep in mind. As you near or enter retirement, you’ll likely begin to consider…
Key takeaways With the Capital One VentureOne Rewards Credit Card, accessing major travel benefits doesn’t have to mean being charged a high annual fee. The VentureOne Rewards card offers 5X miles per dollar on hotels and rental cars (when booked through Capital One Travel), 1.25X miles on all other purchases…
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