Key takeaways Plan for success by building a business plan, putting together a budget and saving enough money to launch. Separate your business and personal finances by opening a business bank account and choosing business credit cards with useful benefits. Stay on top of your finances with…
Key takeaways Brand loyalty to certain credit cards or issuers can limit your rewards earning potential. Use multiple cards to maximize rewards rates, which might involve switching cards or using different cards for different types of spending. Understand the redemption options for each of your cards to get the most…
Key takeaways Both a line of credit and a credit card are types of revolving credit where you can borrow up to a certain amount and only pay interest on what you borrow. A line of credit typically has a lower APR and a higher credit limit than a credit…
Key takeaways Lying on a credit card application is fraud and can have serious legal consequences. You shouldn’t need to lie to qualify for a credit card because there are cards available for all types of financial circumstances, including for those with poor or non-existent credit, as well as for…
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Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many…
While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
The Trump administration has been rapidly dismantling protections for student loan borrowers, leaving millions of Americans with diminishing options as…
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Key takeaways The typical mortgage payment doubled between 2020 and 2024, while today’s new homes are smaller than they have been in more than 10 years. Experts caution that home size isn’t always the best measure of value, especially in competitive markets with rising home…
Dept Managmnt
Key takeaways To pay off debt, you need to know how much you owe, how much you’re spending and where you can cut…
Banking
In my last column, I likened artificial intelligence to the wizard in “The Wizard of Oz.” It received a good reaction so I…
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When comparing ISOs vs. NSOs, the biggest differences come down to how each is taxed and who can receive them. Employees often receive incentive stock options (ISOs), which can receive preferential tax treatment when specific holding periods are satisfied. Non-statutory stock options (NSOs), on the other hand, trigger ordinary income…
If you were born in 1958, 2025 is a milestone year. You’ll be turning 67, which marks your full retirement age (FRA) for Social Security benefits. This means you’re eligible to claim your full Social Security retirement benefit without reductions for early claiming. Many individuals in your age group are…
Dividend stocks are a great way to generate income from your investments while still maintaining the potential for growth from increases in the underlying share price. However, dividends aren’t guaranteed and may be cut or eliminated altogether if a company’s financial outlook worsens. Here are the stocks with the highest…
Whether you are splitting a bill or selling handmade goods, the IRS may expect you to report certain payments. This is especially the case for business-related transactions. If you are using Venmo regularly, it is important to know when taxes apply, as well as how to minimize or avoid Venmo…
Cashing out a 401(k) at age 62 is allowed, but it comes with trade-offs many savers will want to consider. Withdrawals at this age avoid the 10% early withdrawal penalty, though income taxes still apply. Taking a lump sum of part of the account balance could offer immediate access to…
If you’re a landlord, your rental property not only brings you extra income but can allow you to write off tax deductions to lower your tax liability. From repairs and maintenance to mortgage interest and more, rental properties come with many expenses. In many cases, you can write off these…
Target’s latest earnings report shows the company may be losing the retail mojo it once had. The company reported first-quarter revenue and earnings that missed analysts’ expectations Wednesday, citing weak consumer sentiment, tariff uncertainty and DEI backlash. Target also pulled back on its full-year guidance. “Target’s strategy, scale and long-term…
What should you do if you need help with your taxes?After a busy filing season, many households are trying to manage a difficult question. What happens if April 15 comes and goes, and you still have unanswered questions about your taxes? It’s a relevant question. About one-third of all taxpayers…
Planning how much to withdraw in retirement often starts with understanding the safe withdrawal rate by age. This concept helps retirees estimate how much they can spend each year without running out of money over time. While a 4% withdrawal rate has been a common benchmark, actual safe rates can…
Tired of constantly overspending? Budgeting can help you take control of your money. But if you want to actually stick to your budget every month, you have to track your expenses. Why is tracking expenses throughout the month so important? Because it helps you know where your money is going…
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