Federal Reserve Chair Jerome Powell has faced significant criticism from the Trump administration over the central bank’s stance on holding interest rates steady in recent months,…
Key takeaways A SEP IRA is a tax-advantaged retirement account that’s an especially attractive option for workers who don’t have access to an employer-sponsored plan. The annual contribution limits for an SEP IRA are significantly…
Image by GettyImages; Illustration by Bankrate Reversing its recent rise, the average rate on a $30,000 home equity line of credit (HELOC) fell five basis points this week. At 8.22 percent, it’s still holding close to its highest level of the year, however, according to Bankrate’s national survey of lenders.…
Here’s the truth, you guys: Everyone needs a plan for their money. That’s why everyone needs a budget—and a family budget meeting! Now, when you hear “budget meeting,” you might think that sounds like a blast or the most awful thing ever (depending on your personality). Regardless of how you…
Key takeaways Home equity loans and HELOCs (home equity lines of credit) both allow you to borrow against your ownership stake in your home. Both use your home as collateral, and may offer tax deductions if the funds are used for substantial repairs or upgrades. Home equity loans come with…
There’s nothing like a global pandemic to make you rethink some of your Christmas traditions. Do I really want to host a potluck? Should we even bother with new Christmas outfits? Guess I’m doing all my Christmas shopping online this year! We all look forward to Christmas traditions, like decorating…
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If you think house hunting is like trying to find toilet paper during a pandemic, you’re not alone. More than half of home buyers say finding the right home is the most challenging step of…
