Images by GettyImages; Illustration by Bankrate About 200 days into the Trump Administration, leadership at both the White House and the Department of Education have attempted to reshape higher education, including how we repay the debt borrowed for it. And only once did they have to rely on student loan-related…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Lenders calculate how much interest you’ll pay with each payment in two main ways: simple or on an amortization schedule. Short-term loans often have simple interest. Larger loans, like mortgages, personal loans and most auto loans, have an amortization schedule. The…
Morsa Images/Getty Images Robo-advisors are a great option for investors who are looking to automate the investment management process at a cost below that of traditional financial advisors. Fortunately, there are robo-advisors that offer the best of both worlds, including some that offer access to certified financial planners (CFPs). Here’s…
South_agency/Getty Images One of the most common and best pieces of investment advice is to invest in a low-cost S&P 500 index fund. These funds allow investors to participate in the long-term growth of the economy by purchasing a diversified basket of stocks at a low cost. But recently some…
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New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
Many people in economics, finance, business, and regular consumer life have been waiting for the forecast inflation, the tariff shock,…
President Trump’s 2026 budget would freeze spending for many services for older adults, deeply cut others, continue his efforts to…
The Trump administration is clamping down on federal student loan defaults; at the same time, Republican lawmakers in Congress just…
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Traditionally, when a homeowner hired a real estate agent to handle the sale of their property, they agreed to pay that agent, as well as their eventual buyer’s agent, a commission. This fee typically amounted to between 5 and 6 percent of the home’s selling…
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Key takeaways It may be difficult to obtain a new loan after you enter a debt management plan, especially if you have recently…
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OBSERVATIONS FROM THE FINTECH SNARK TANK In 2022, President Biden signed an executive order directing the government to develop a framework for digital…
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Images by GettyImages; illustration by Hunter Newton/Bankrate Key takeaways Wealth management is a comprehensive financial advisory service that helps people grow and preserve their wealth. It can include services such as investment management, financial planning, tax planning and estate planning. Finding the right wealth manager is key to meeting your…
Key takeaways The JetBlue TrueBlue program is ideal for anyone who prefers to fly with JetBlue, travels frequently to JetBlue’s service destinations or wants to pool points with other TrueBlue members. The best way to earn and redeem points in this program is by flying with JetBlue or making purchases with…
Images by Getty Images; Illustration by Bankrate Key takeaways Rewards credit cards can help you earn points, miles or cash back on your everyday purchases. There’s a wide variety of rewards cards out there, so you’ll want to choose a card that fits your spending habits. If you’re still building…
Hill Street Studios/Getty Images Key takeaways Lately, scammers have targeted Social Security recipients with fake job listings, emails and in-person meet-ups to steal money or data. Avoid clicking on links in emails or meeting with people who ask for money and claim to be government officials. If you think you’ve…
Five years ago, Taylor Gothard, 41, and his spouse found themselves staring at $100,000 in credit card debt spread out over 17 maxed-out credit cards. When it comes to debt like this, they’re not alone. Nearly 40 percent of cardholders have maxed out a credit card or come close in…
Wavebreakmedia/Getty Images Key takeaways VA loans are available to active-duty military personnel, veterans and surviving spouses who need to finance a home purchase. You must provide a VA-approved lender with a certificate of eligibility (CEO) to prove you qualify for a VA loan before you can get preapproved. The VA…
If you thought meme stocks had ridden off into the sunset, think again. Shares of companies such as Krispy Kreme and Kohl’s saw unusual surges starting in mid-July. The frenzy earned the “DORK” label for the companies that saw their shares jump: Krispy Kreme (DNUT), Opendoor Technologies (OPEN), Rocket Companies…
Living abroad doesn’t mean you can leave your U.S. tax responsibilities behind. If you’re an American expat, the IRS still expects you to report your worldwide income — no matter where you live or work. Here’s the good news: There are a few different tax breaks that help many expats…
A bull market occurs when asset prices rise significantly over a sustained period. While analysts often use the term “bull market” to discuss stocks and the stock market, the term can be used for any asset – bonds, real estate, commodities or even cryptocurrency – that is rising over time.…
Some financial advisors promote annuities because they offer tax deferral, guaranteed income, or principal protection. But while these features can support retirement planning, annuities often carry high fees and commissions that can influence recommendations. Knowing why advisors recommend annuities can help you ask better questions and evaluate how this option…
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