Personal Finance
Latest Personal Finance News
25 Million People Could Get Student Loan Forgiveness Under New Plan: Who’s Eligible, How To Apply
The Education Department released formal regulations for President Joe Biden’s massive new student loan forgiveness plan this week. Millions of…
Is it Wise to Convert 10% of My 401(k) into a Roth IRA Each Year to Avoid Taxes and RMDs?
A Roth IRA has a couple of significant advantages. Most notably, they allow your retirement savings to grow tax-free (as…
Understanding Form 8606 for IRA Taxes
If you use an IRA to save for retirement, IRS Form 8606 might be an important part of tax season.…
Truist savings account rates
Logo by Truist Financial; Illustration by Hunter Newton/Bankrate Truist is the company formed from the merger of BB&T and SunTrust…
This Week In Credit Card News: Inflation Causing 1 In 3 Consumers To Max Out Credit Cards
1 in 3 Americans Maxing Out Credit Cards Because of Inflation The increase in credit card debt signals that many…
What Is a Life Insurance Annuity?
A life insurance annuity is a benefit payment option for a life insurance policy. If you are a beneficiary of…
What Is Net Investment Income and How Is It Taxed?
Net investment income (NII) is defined as the profit gained from investments after deducting certain related expenses. This includes various…
Ally Bank CD rates
Image by Adobe Stock; Illustration by Tiffany Herring Ally Bank, an online bank, offers three flavors of CDs: traditional, no-penalty,…
Tax Day Is Over. Here’s 4 Things To Do After Filing Your Returns
Tax Day has come and gone, concluding the often stressful tax season during which individuals and businesses finalize their financial…
I’m 65, Taking Social Security and Have $830,000 in a 401(k). Is It Too Late to Convert to a Roth IRA?
There is no age limit on Roth conversions, so you can transfer pre-tax savings into a Roth IRA regardless of…
