Key takeaways Built-in budgeting tools help automatically track and categorize spending without needing separate budgeting apps. Ally Bank’s “buckets” feature allows both spending categorization and…
Small-business owners have a lot to consider when setting up shop, but one of the most important factors to think about is how your business will be taxed — and the business structure you choose…
Image by Getty Images; Illustration by Bankrate Key takeaways Many lenders offer $40,000 loans, including local banks, credit unions, online lenders and peer-to-peer lenders. To qualify, you’ll likely need a good or excellent credit score and healthy finances, or a cosigner who meets these criteria. Researching lenders and comparing offers…
Photography by Getty Images; Illustration by Bankrate Key takeaways If your federal student loan is in default, both the U.S. Department of Education and the Treasury can withhold your federal income tax refund to repay your loan. If you are at risk of a student loan tax offset, you will…
Drs Producoes/Getty Images Key takeaways When you sell mutual fund shares, you will be subject to taxes on the gains. You may owe taxes even if you still own a mutual fund. To minimize taxes on mutual funds, watch what you buy and how, hold shares for a long time…
Key takeaways A life insurance retirement plan (LIRP) uses permanent life insurance to build cash value over time that can supplement traditional retirement plans. Only permanent life insurance can be used for an LIRP. LIRPs typically only make sense for individuals who have maxed out contributions to their traditional retirement…
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Americans are increasingly concerned about Social Security. The program will likely have to cut benefits around 2033 unless the federal government shores up funding for the program, which would affect more than 70 million people…
