Key takeaways Demand for mortgages for second homes is currently the lowest it’s been in several years. When considering buying a second home, it’s important to consider the full financial impact: the costs of upkeep, utilities, and potential rental management fees. Laws and regulations surrounding short-term rentals can vary by…
Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The article was reviewed, fact-checked and edited by our editorial staff prior to publication. Bond ETFs are a welcome addition to…
Key takeaways Cards with annual fees tend to offer better rewards than no-fee cards, but you should gauge whether you will get your money’s worth before signing up for cards that charge a fee. If you are a frequent traveler, for one, there are fee-carrying cards that offer top-notch travel…
Key takeaways Business bank loans offer flexible terms and attractive interest rates Businesses should expect longer waiting periods for approval and slower funding times when applying for a business bank loan Types of business bank loans include term loans, equipment loans, microloans and lines of credit Got big plans for…
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Do you think about the world as “zero-sum,” where resources are limited and my gain is your loss? Or do…
Navigating the financial landscape post-NFL career requires strategic planning and foresight, especially considering the average career length of only 3.3…
Now that the big tax push for 2023 is out of the way, it is time to plan for taxes…
The Education Department will stop all student loan forgiveness processing for a critical cohort of borrowers starting next week. The…
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One of the more monotonous tasks that comes with the end of a relationship is sorting out finances. But it’s important, both for the sake of keeping finances organized and for moving on in life. Closing a joint bank account is a crucial step in…
Dept Managmnt
Members of Generation Z (Gen Z) are the latest cohort of credit users. They range from teenagers just beginning to think about credit…
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Luis Alvarez/Getty Images Zelle is a mobile payment application that enables you to send money electronically from your bank account to the accounts…
Credit Cards
Klaus Vedfelt/DigitalVision/Getty Images Key takeaways If you have poor credit and are interested in a new credit card, check your credit score first…
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Whether you’ve gone through a personal or business bankruptcy, lenders will consider past bankruptcies when making a loan decision. This post will cover common questions about bankruptcy and how it impacts your loan application. Can you get a business loan after bankruptcy? Yes, you can qualify for a business loan…
The U.S. Federal Reserve is expected to hold rates steady at the conclusion of its next meeting on Wednesday, May 1. However, there may be hints regarding how the Fed expects to react to the uptick in inflation reported so far in 2024. Currently, fixed income markets still expect the…
Recent attention to “super commuters”—those rare people who live in one city and work in another—raises questions of more mundane commuting for most workers. Considering your commute is critical part of any job search you do. Commuting has costs and benefits, and it will matter for your job and personal…
When it comes to retirement, most people find themselves either sitting in the regret of past money mistakes or winning big-time with money, on track to enjoy a retirement they’ve always dreamt about. Here’s the difference: Those who are on track to reach their retirement goals have a plan. They’re…
Key takeaways Getting preapproved for a mortgage usually means undergoing a hard credit pull, which causes a dip in your credit score. While soft credit check mortgage preapprovals are hard to come by, a prequalification can help you explore loan options without the credit score hit. If you do pursue…
Members of the military and armed forces tend to lead busy lives and are often not on the same day-to-day work routine as everyone else. When it comes to investing, military members also do not have access to all of the same investment plans that workers in the private sector…
Kyle Connolly is exhausted. Connolly, a 41-year-old in Gulf Breeze, Florida, separated from her husband in March 2023, leading to an expensive and emotionally taxing divorce. Then, the Friday before Thanksgiving, she was laid off from her full-time corporate job. She took on part-time retail work to make ends meet.…
Key takeaways Average business line of credit interest rates range from 8 percent to 60 percent Longer repayment terms can increase overall costs Business lines of credit can come with fees, such as origination fees, draw fees for withdrawing funds or monthly service fees A business line of credit is…
Managing your retirement savings effectively requires understanding the tax implications of withdrawing money from an individual retirement account (IRA). IRAs, whether traditional or Roth, offer unique tax advantages that can significantly impact long-term savings. However, understanding how withdrawals are taxed, the conditions under which penalties apply and the strategic maneuvers…
A Roth IRA is an account, not an investment, so once you’ve put money into the account it still must be invested. Common investment options for Roth IRA accounts include stocks, bonds, mutual funds, exchange-traded funds, money market accounts and certificates of deposit. Some sponsors offer many options, while others…
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