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Can You Have Multiple Life Insurance Policies?
A life insurance policy is an important component of your financial plans if your death could leave your family with debt, a loss of income or unfunded financial obligations, such as paying the cost of college for children. But what if you already have coverage, but it isn’t adequate to...
Is Long-Term Care Insurance Worth It?
Coming to terms with the fact that, at some point, you may need assistance with basic tasks isn't easy. But life is unpredictable, and being prepared is smart. If a time comes when you're unable to perform activities of daily living (ADLs) without assistance, long-term care (LTC) insurance can protect your savings and assets against the high — and ever increasing — cost of care.
What the Fed's Interest Rate Pause Means for Mortgages, Savings Accounts and More
The Federal Reserve announced Wednesday that it will not raise interest rates, marking only the second occasion out of six meetings this year when rates were held steady. For the past 17 months, the U.S. central bank has used higher rates to try to get a grip on inflation, but it has had to balance that with the negative economic consequences that come with them. This pause gives officials more time to observe the effects of previous rate hikes before deciding if they should jack rates any higher before the end of the year.
Does Refinancing a Car Hurt Your Credit?
Refinancing your car — or changing the terms of your vehicle debt by taking out a new loan — can allow you to take advantage of lower auto loan rates and save money on your monthly payments. This does have some drawbacks, though, like the potential of dinging your credit: an important record that can impact your chances of being approved for everything from cell phone contracts to apartments.
What Is a Survivorship Life Insurance Policy?
When you are looking for life insurance, there are a lot of factors to consider. One of the most important is the people who depend on you —who you’ll want to name as beneficiaries of the policy. Potentially just as important is whether you want the policy to cover one or two people. Survivorship life insurance, in which two individuals are covered by the same policy, can offer peace of mind for everyone from married couples to business partners.
Americans Are Saving More and Feeling Better About Retirement: Report
A new report has some good news about Americans' retirement prospects, finding that in 2023 more U.S. workers have not only increased their savings but also their confidence in meeting their goals. Goldman Sachs’ annual retirement report, released Tuesday, found that more than half of workers added to their retirement...
What Is a Second Mortgage?
As home prices reach record highs in several regions across the U.S., many homeowners are experiencing significant increases in their home values. This surge in value has resulted in many homeowners having access to a large amount of home equity but without a clear idea of how to use it. One of the available options for tapping into that equity is by taking out a second mortgage.
Dollar Scholar Asks: What’s the Secret to Scoring Cheap Flights?
This is an excerpt from Dollar Scholar, the Money newsletter where news editor Julia Glum teaches you the modern money lessons you NEED to know. Don't miss the next issue! Sign up at money.com/subscribe and join our community of 160,000+ Scholars. I am writing this from the Orlando International Airport,...
Investing in Precious Metals (A Beginner's Guide to Precious Metals)
Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended as investment advice. Money does not offer advisory services. As an investor, a diversified portfolio is an integral part of your success....
Free Weekly Credit Reports Are Now Available Permanently
Americans will permanently have access to free weekly online credit reports from the three major credit reporting agencies, the companies announced Monday. Before the pandemic, you were only entitled to get a free copy of your credit report once per year from each of the credit bureaus — Experian, Equifax and TransUnion. Spacing out those three requests, you could view an official credit report at most once every four months.
How to Place or Remove a Fraud Alert on Your Credit Report
You don’t have to become a victim of identity theft. LifeLock’s powerful software protects your personal information from cybercriminals. Your credit report and credit score figure heavily in your overall financial life. They’re worth the effort of protecting for several reasons. They can have an impact on the interest rates you’ll be offered on a mortgage, auto loan or credit card. They can also influence whether a landlord will rent to you and even whether you are offered a job you’ve applied for.
How To Know if Your Phone Is Hacked
You don’t have to become a victim of identity theft. LifeLock’s powerful software protects your personal information from cybercriminals. As smartphone technology advances, hackers’ access to us and our sensitive information grows at an equal and alarming rate. According to a study by the Pew Research Center, by 2021, 85% of Americans owned a smartphone. With cybercrime on the rise, this represents a substantial pool of potential victims from which criminals can choose.
What Is Identity Theft Insurance and What Does It Cover?
You don’t have to become a victim of identity theft. LifeLock’s powerful software protects your personal information from cybercriminals. With the prevalence of digital information, everyone is at risk of having their personal information stolen. While there are things you can do to prevent it — keeping passwords private, being vigilant about phishing scams, storing your Social Security card in a safe spot and more — it can still happen.
What Does It Mean When Your Password Has Appeared in a Data Leak?
You don’t have to become a victim of identity theft. LifeLock’s powerful software protects your personal information from cybercriminals. In the internet age, data leaks affect everyone. Data breaches occur in practically every industry, from retail companies to language learning apps to entire countries. But what exactly does it mean to have had your information leaked, and what can you as an affected party do to prevent further attacks in the future?
More Homebuyers Are Canceling Sales at the Last Minute
Today's home prices and mortgage rates are just too high for many potential homebuyers to handle. In fact, the costs are so steep that tens of thousands of buyers with signed contracts are now getting cold feet and canceling their purchases. New data from real estate company Redfin shows homebuyers...
What Is an Irrevocable Life Insurance Trust?
If you have a large estate, it may be subject to heavy federal and state estate taxes when it passes to your beneficiaries. However, there are ways to pass certain assets, including insurance policies, to your loved ones or favorite charities without giving the government a piece of it in the process.
What Is Level Term Life Insurance?
Confronting your mortality is an unenviable but necessary task. Your loved ones should be part of those considerations, as you don't want to leave them behind with insufficient funds to manage things like funeral costs, significant debt or living expenses. A life insurance policy is one way to gain peace of mind for yourself and security for your heirs.
3 Signs You’re Too Casual About Debt
It started with a trip to England. Logan, a 24-year-old working a desk job at a car rental agency to pay down his student loan debt and cover his increasing monthly rent, wanted to go on a music festival vacation with some friends in 2020. The only way he could afford it was to book the flight on a credit card.
Here's What the UAW Strike Means for Car Buyers
Thousands of U.S. auto workers went on strike Friday as they remain at an impasse with American car manufacturers over contract negotiations, wage demands chief among them. And though the strike has just begun, it does have the potential to disrupt the auto market. That's because the United Auto Workers...
What Is Credit Card Fraud?
You don’t have to become a victim of identity theft. LifeLock’s powerful software protects your personal information from cybercriminals. Credit cards can help users build credit, earn rewards and afford expenses they can't pay for upfront. Unfortunately, credit cards also come with the risk of credit card fraud.
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