A retirement budget compares expected income with planned expenses to see whether spending fits within available income. This process begins by listing income sources and savings and estimating how much they can provide each year. To show how a retirement budget works, let’s break down an example of a retirement…
Getting a DUI in Michigan can have lasting and costly consequences. Beyond fines and legal trouble, drivers will see their insurance rates increase when their policies renew — some drivers may even get dropped by their carrier. Average rate data from Quadrant Information Services shows that Michigan car insurance rates…
F.J. Jimenez/ Getty Images; Illustration by Austin Courregé/Bankrate Virginia drivers used to be able to circumvent minimum insurance coverage by paying a $500 uninsured motor vehicle (UMV) fee. However, this is no longer the case. Drivers are now mandated by law to carry a certain amount of bodily injury liability…
Cherdchanok Treevanchai/Getty Images Key takeaways Home insurance typically covers foundation issues caused by covered perils, such as fire and severe weather events like hurricanes and tornadoes. Exclusions to coverage may include wear and tear, neglect, faulty construction and settling or expansion of soil. It is important for homeowners to maintain…
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The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
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Carlina Teteris/Getty Images With so many rewards cards strategies to consider — like bonus categories, travel points and miles valuations and more — some cardholders opt to go the simpler route. A flat-rate cash back card lets you earn a consistent, unlimited rewards rate for…
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Tip 3: Learn How to Create a Better ‘To Do’ List When we make resolutions, we tend to resolve to do certain things.…
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These entrepreneurs, traders and investors are making an outsized impact in fintech, crypto and traditional financial services.By Jeff Kauflin, Hank Tucker and Nina…
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Credit counseling helps you start the year with a plan by transforming vague financial resolutions into a concrete, actionable roadmap. By partnering with a certified credit counselor, you gain a structured budget, a clear understanding of your debt-to-income ratio, and access to tools such as Debt Management Plans (DMPs) that…
Homeowners tapping their equity in 2026 should expect borrowing to get more affordable, with rates reaching their lowest levels since at least 2023, according to Ted Rossman, Bankrate’s senior industry analyst. Rossman — who has covered the economy, interest rates, consumer debt and the Federal Reserve for more than a…
Returns on certificates of deposit (CDs) saw gradual declines in 2025, before and after three Federal Reserve rate cuts in the second half of the year. Yields are likely to keep falling in 2026 — although the good news for CD savers is you can still lock in rates that…
Top yields for savings and money market accounts are expected to continue the downward slide in 2026. Still, top savings rates will likely outpace the rate of inflation according to the latest forecast from Bankrate senior industry analyst, Ted Rossman. The highest rate for nationally available savings and money market…
Selling real estate can result in a significant profit, but it may also trigger capital gains taxes depending on whether the property qualifies for IRS exclusions, how much was earned and how long you owned the property. In most cases, capital gains taxes are owed for the tax year in…
Key takeaways A high credit score and income are crucial to qualifying for the lowest rates on a personal loan. Improving your score before applying for a personal loan could help you secure a lower rate. Shopping for the best rates with at least three lenders or on a marketplace…
A Roth IRA offers tax-free growth and tax-free withdrawals in retirement, which can benefit young adults with long time horizons. You can help open a Roth IRA for an adult child if they have earned income and the account is in their name. Starting early allows more time for growth.…
To recover from holiday spending without stress, you must first assess the damage by tallying all holiday receipts and statements. Once you have the total, create a recovery budget that excludes discretionary spending and prioritizes debt repayment using strategies such as the debt snowball or avalanche. Accelerate this process by…
Justin Sullivan/GettyImages Brokerages are aggressively competing for your money. One way they do that is by offering competitive bonuses in the form of cash that you can add right to your brokerage account. Bankrate tracks the best brokerage account bonuses to help you compare active offers. Best brokerage account bonuses…
From macroeconomic factors like inflation and job-market uncertainty to sector-specific disruptions, investors face risks big and small. Building a portfolio that has at least some less risky assets in it can be useful to help you ride out market volatility. The trade-off, of course, is that in lowering risk exposure,…
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