1,668 results found
-
Coronavirus Withdrawals From An IRA Or 401(k): Who Can, And Should, Tap Retirement Accounts?
Part of the CARES Act allowed individuals to tap IRAs or 401(k) retirement plans if they were impacted by the coronavirus and needed cash. The law permits withdrawals up to $100,000 (or the account balance, if lesser), without penalty. The funds can be paid back, though it’s optional. For struggling business owners and
-
Leveraging the Tax Code to Minimize Your Tax Liabilities
As we head toward March, one of most dreaded times of the year approaches: tax season.
-
The 3 smartest ways to cut costs and grow your savings during a pandemic, according to a personal finance guru
Ramit Sethi is an entrepreneur, and the founder and CEO of personal finance website I Will Teach You To Be Rich. During the pandemic, he recommends people find new ways to cut down on their highest expenses, which are typically rent, eating out, and discretionary spending on material items. Sethi also strongly advises
-
A home equity loan could help you get the money you need for a renovation or emergency — here's how they work
Home equity loans allow homeowners to borrow against the value of their home. Many lenders will allow homeowners to borrow up to 80% of their home's current value. While home equity loans are often used to pay for home renovations, the money can be used in whatever way the borrower chooses. Sign up to get Personal Fina
-
Essential steps to opening a business bank account
If you've started your own business, you may be ready to open a business bank account.
-
What Is ‘Good’ Debt and How Can It Improve Your Finances?
Not all debt is necessarily bad. This article explores the concept of “good debt” and how it can work for you
-
The Pros and Cons of Auto Refinancing or Is Auto Refinancing Right for You?
If one of your goals is to improve your financial wellness, you’re likely making wallet-savvy moves like cutting back on impulse purchases or building your emergency fund. That might make you wonder about other options to save money, such as the benefits of refinancing an auto loan. What is auto refinancing? Simply put
-
6 Smart Ways to Deal With Debt in Retirement
A “rapidly growing” number of households have debt in retirement, raising concerns about the financial well-being of older adults, according to
- By April 10th of this year, a third of Americans had blown through their emergency funds, according to a survey conducted by By April 10th of this year, a third of Americans had blown through their emergency funds, according to a survey conducted by NerdWallet. Millennials are leading the way, with 45 percent of that generation saying their personal backup rescue funds were now depleted. The global health crisis has shaken large and small ec