Milan Markovic/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Banks set limits for how much cash you can take out at an ATM, which can range from small amounts such as $500 per transaction to $5,000 per day. Cash withdrawal limits are designed to protect you in the event that someone…
The topic of money can often be the invisible wedge that divides couples, creating strain, tension, and misunderstandings. In fact, 41% of couples argue about money according to a Ramsey survey. However, with the right approach, you can navigate these choppy waters together and even come out stronger. This guide…
The 15 largest consumer banks held a combined total of around $12 trillion in domestic assets as of September 2025. That means that a lot of people and businesses are keeping their money with a big bank. Most of the biggest banks have been around for a century-plus and many…
Capital gains count as taxable income and can affect your tax bracket, deductions and rates. They are taxed as short-term or long-term gains depending on how long you owned the asset and your total income. Short-term gains are taxed at regular income rates, while long-term gains often have lower rates.…
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The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
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The tax implications of a parent living with you depend on several factors, including financial support, income levels and household arrangements. In some cases, you may be able to claim a parent as a dependent, which can affect credits, deductions and filing status. Shared housing…
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By Julie Jaggernath If you’ve been spending your time shoveling snow recently, try using it as a chance to think about what money…
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OBSERVATIONS FROM THE FINTECH SNARK TANKBankers wants to discuss AI strategy. They’re excited about chatbots, machine learning models, generative AI tools, and AI…
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Donald Trump and his administration have made a lot of big promises to improve affordability since taking office. Those promises have ramped up as consumers increasingly feel pinched by the U.S. economy, from sticky inflation and a stagnant job market to high interest rates. The macroeconomic data broadly suggests that…
Key takeaways Bank accounts with named beneficiaries (called “payable-on-death” or POD designations) transfer directly to those people — no court involvement, no waiting. The beneficiary just needs a death certificate and valid ID. Joint accounts with rights of survivorship automatically belong to the surviving owner, though FDIC coverage drops from…
Key takeaways There’s no universal “right amount” for a savings account, but most people need three to six months of expenses in an emergency fund plus cash for any short-term goals — and not much more than that. Money sitting in a traditional savings account earning the national average of…
In the journey of a relationship, finances play a pivotal role that can either strengthen a couple’s bond or lead to significant stress. While every partnership is unique, identifying financial red flags early can prevent them from escalating into a crisis. Whether you are newlyweds or have been together for…
Buying your first home can be thrilling, but it can also be stressful. After all, it’s likely one of the most impactful financial decisions you’ll make. Keeping yourself informed can make the experience of getting a mortgage much smoother — so before you get started, consider this list of major…
Illustration by Mae Sangaline/Bankrate Key takeaways There are many strategies to save for a down payment, including maximizing your savings, reducing everyday expenses and applying for down payment assistance. You likely don’t have to save 20% for a down payment on a home. Conventional mortgages require just 3% down, and…
When you’re in a committed relationship, you unavoidably merge at least some aspects of your financial lives. However, that doesn’t mean you have to combine all of your accounts. In fact, most Americans don’t. Most couples in committed relationships (62%) keep at least some financial accounts in their name only,…
Health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) offer tax benefits. But each has its own rules about who can contribute, how funds are used, who owns the account and whether unused money can carry over to the next year. Some accounts are only offered…
For many taxpayers, the standard deduction makes it unnecessary to itemize. However, this also limits which deductions you can claim, including donations to charity. Recent tax changes have affected claiming and qualifying for charitable deductions if you don’t itemize your return. Knowing the current rules can help you plan your…
Federal income tax applies to most people who earn income in the U.S., but the tax code includes limited exceptions. Whether someone is exempt from federal income tax depends on factors such as income level, filing status, age, disability status, religious affiliation and the type of income received. In some…
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