Reaching age 65 doesn’t automatically change how the IRS taxes your 401(k) withdrawals. Instead, it taxes distributions from a traditional 401(k) as ordinary income, just…
Images: Getty Images; Illustration: Bankrate Key takeaways A mortgage prequalification helps potential homebuyers know how big of a loan they might qualify for. Getting prequalified does not negatively affect your credit score — but getting…
Federal Housing Finance Agency Director Bill Pulte said the government agency is “actively evaluating” portable mortgages, which would allow a homeowner to transfer their loan from their current home to a new home when they move. With portable mortgages, the homeowner would effectively be able to keep their existing interest…
The IRS unveiled contribution limit changes for popular retirement plans, including 401(k) plans and IRAs. Americans who contribute to 401(k) and 403(b) plans, as well as governmental 457 plans and the federal government’s Thrift Savings Plan, will see their contribution limit rise to $24,500 in 2026 – an increase from $23,500…
Mortgage rates ticked higher for the second straight week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage increased to 6.24% from last week’s reading of 6.22%. The average rate on a 30-year loan was…
America’s beef bills are set to keep climbing, according to Omaha Steaks President and CEO Nate Rempe, who cautioned that the nation’s shrinking cattle supply and record demand are driving a “$10-a-pound reality” that could stretch family budgets for years. “Look, domestically, we need to get our arms around it.…
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Provalus, an IT and customer service company, is onshoring jobs in rural America while its rivals continue to hire thousands of jobs abroad. While some companies look at medium and large cities to grow in,…
