Key takeaways The average small business loan amount is $458,497, according to the SBA Lenders use your revenue, credit score and current debt load to…
Hero Images Inc/Getty Images Key takeaways Financial advisors provide guidance on goal planning, budgeting, investments, retirement planning, taxes, insurance, estate planning and more to assist you with your financial life. Different types of financial advisors…
Key takeaways Using a matching tool, asking a friend or working with a robo-advisor are all options to find an advisor. Vet potential advisors through referrals, online tools and professional organizations. Clarify your needs before choosing a financial advisor to find the best fit for you. Finding a financial advisor…
Doing taxes isn’t exactly easy, and “tax deduction” brings to mind piles of receipts and complicated calculations, just to save a few bucks. Here’s the good news: You don’t need to itemize deductions to take advantage of valuable tax breaks and reduce your taxable income. Every year at tax time,…
Key takeaways Home equity loans are second mortgages: Borrowers convert their homeownership stake into ready cash, with the home as collateral for the debt. Home improvement loans are unsecured personal loans geared to be large enough for renovation projects. Home equity loans carry longer terms and lower interest rates, but…
Key takeaways Top money market rates reach 4.40% APY — significantly higher than the national average for MMAs. Online banks consistently offer the best rates — up to seven higher than traditional brick-and-mortar institutions. Minimum balance requirements vary widely, with many competitive accounts requiring $1,000 or more. Money market account…
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More ArticlesFive new Amtrak trains will begin rolling out between Washington, D.C., New York and Boston at top speeds of 160 miles per hour starting Thursday. The inaugural NextGen Acela ride is taking off from Washington’s…