Recent

% | $
Quotes you view appear here for quick access.

Financial News from Bankrate

  • As of May 2015, it became a rental property. Now we are thinking of putting the rental property on the market for about $450,000 and hoping it will sell in the next 5-6 months. Or am I still liable to some percentage of capital gains given that it has been a rental property for over a year now?

  • The Chase Sapphire Reserve card sure has a lot going for it, but what if this $450 annual fee rewards card just isn't ... elite enough for you? Enter the black card. What is a black card? A black card ...

  • Retiring next year? 8 money moves to make now Bankrate.com - Mon, Sep 26, 2016 6:00 AM EDT

    As life transitions go, retirement ranks way up there among the most challenging, both financially and emotionally. After a lifetime of work, you may have mixed emotions about retirement -- looking forward to not working but nervous about leaving your work identity behind. Because retirement can be so stressful, Jeff …

  • Independents' outlook bad news for Clinton, Dems? Bankrate.com - Mon, Sep 26, 2016 6:00 AM EDT

    Independent voters are more pessimistic about their personal finances than Republicans or Democrats, according to Bankrate's recent Financial Security Index, providing a potential trouble spot for the Democratic nominee, Hillary Clinton, as she battles Donald Trump, the Republican nominee, for the presidency. Independent …

  • How Democrats and Republicans differ on their finances Bankrate.com - Mon, Sep 26, 2016 6:00 AM EDT

    An analysis of Bankrate's Financial Security Index data shows that Republicans and Democrats view the current state of their finances differently, and take substantially different approaches to managing their money in many respects. Overall, Democrats have a much sunnier view of their personal finances than Republicans. …

  • Pedophile neighbor gives would-be buyer 2nd thoughts Bankrate.com - Fri, Sep 23, 2016 6:00 AM EDT

    You have apparently signed the equivalent of a letter of intent to purchase real estate, a document that outlines your proposed transaction with the owner. Read more Real Estate Adviser columns and more stories about real estate.

  • Widow has new van she can't afford. Is it dealer's fault? Bankrate.com - Fri, Sep 23, 2016 6:00 AM EDT

    Read more Driving for Dollars columns and Bankrate auto stories. Bankrate's content, including the guidance of its advice-and-expert columns and this website, is intended only to assist you with financial decisions. Bankrate recommends that you seek the advice of advisers who are fully aware of your individual circumstances …

  • Checks: rarely used, but still useful for many Bankrate.com - Fri, Sep 23, 2016 6:00 AM EDT

    There was a time not too long ago when running out of checks was cause for panic and ordering your first set of personal checks was a milestone. If you lose access to the Internet while you're completing a purchase, making your rent payment or mailing a payment to an official office such as the Internal Revenue Service, …

  • Think you know how much an inground pool costs? Bankrate.com - Fri, Sep 23, 2016 6:00 AM EDT

    Additionally, homeowners must research local laws regarding building codes and safety standards, which might specify a type of fence, locks, and other safety equipment you need to have on hand. After all, installing an above ground pool requires little more than flattening the area and removing grass and weeds. Accessories: …

  • How outspoken businessman Mark Cuban built his net worth Bankrate.com - Fri, Sep 23, 2016 6:00 AM EDT

    Celebrity Net Worth John Lamparski/Getty Images Mark Cuban Net worth: $3.3 billion (as of September 2016) Year of birth: 1958 Education: Indiana University How Mark Cuban's net worth was built Mark Cuban's ...

  • What did the Fed say -- and what on Earth did it mean? Bankrate.com - Thu, Sep 22, 2016 6:00 AM EDT

    Federal Reserve officials ended their September meeting by leaving an interest rate hike on hold -- which may seem straightforward. Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and growth of economic activity has picked up from the …

  • Where will mortgage rates head next week? Bankrate.com - Thu, Sep 22, 2016 6:00 AM EDT

    Will rates go up, down or remain unchanged? Intro Up 11% Down 56% Unchanged 33% Panel Prediction Up Down Unchanged 11% 56% 33% This week (Sept. 22-28), 11% of the panelists believe mortgage rates will ...

  • Sick wife must repay Obamacare discount for using 401(k) Bankrate.com - Thu, Sep 22, 2016 6:00 AM EDT

    When her savings was gone, she borrowed from her 401(k) to pay bills. When we filed our taxes for 2015, we were told that even though my wife paid the taxes on her 401(k) distribution, it was also considered income. ACA wanted her health care discounts back due to the 401(k) distribution.

  • When can you tap your IRA without owing a tax penalty? Bankrate.com - Wed, Sep 21, 2016 6:00 AM EDT

    You've been saving diligently in an IRA for your retirement, but now you need some of that cash to cover today's expenses. The tax laws governing early distributions are toughest when it comes to traditional IRAs, but they also apply, albeit slightly differently, to Roth accounts. For both types of retirement plans, the …

  • Drawbacks of refinancing into a 15-year mortgage Bankrate.com - Wed, Sep 21, 2016 6:00 AM EDT

    When you refinance from a 30-year, fixed-rate mortgage to a 15-year home loan, you pay a lower interest rate and you save a lot in interest payments. Along with paying off high-interest rate debt, McBride advises saving for emergencies and for retirement.

  • Refinance into a 15-year mortgage and save money Bankrate.com - Wed, Sep 21, 2016 6:00 AM EDT

    RATE SEARCH: Find the best deal today for a 15-year mortgage. Interest rates on 15-year, fixed-rate mortgages typically run about three-quarters of a percentage point lower than the interest rates on equivalent 30-year home loans. The monthly payments are higher than for a 30-year loan.

  • 10 terms that every IRA saver needs to know Bankrate.com - Wed, Sep 21, 2016 6:00 AM EDT

    If you already have an IRA or are thinking of opening one, give yourself a pat on the back. An IRA is a great retirement resource that offers the benefits of tax savings and growth through compounding. Here are 10 IRA terms that retirement savers should understand.

  • Do I get tax credit for new garage with solar panels? Bankrate.com - Tue, Sep 20, 2016 6:00 AM EDT

    Think of it in the same terms as not being able to deduct the cost of your home if the solar panels were installed on the roof of your home and not the garage. You are correct on the 30% credit amount, and qualifying equipment includes not only solar equipment for heating water or generating electricity, but also wind …

  • See how much Patriots owner Robert Kraft is worth Bankrate.com - Tue, Sep 20, 2016 6:00 AM EDT

    Celebrity Net Worth Drew Angerer/Getty Images Robert Kraft Net worth: $5.2 billion (as of September 2016) Year of birth: 1941 Education: Columbia University and Harvard Business School How Robert Kraft's ...

  • Posh perks for elite credit card holders Bankrate.com - Tue, Sep 20, 2016 6:00 AM EDT

    Holding one makes you part of a special club of cardholders. Elite cardholders have a higher level of income, a higher credit rating and higher spending. Bankrate dives into the high-class world of elite credit cards and charge cards to find out.

  • Determining best retirement states for politically weary Bankrate.com - Tue, Sep 20, 2016 6:00 AM EDT

    Particularly for those living in so-called battleground states, the idea of retiring somewhere that's less politically engaged probably sounds pretty nice right now. To help those feeling a little burned out at this point in the election cycle, we incorporated data on political engagement into our rankings of the best …

  • Is the timing right for a Fed rate hike? Bankrate.com - Mon, Sep 19, 2016 6:00 AM EDT

    The Federal Reserve's rate-setting panel meets this week to hash out whether to make its first rate boost in 10 months (and only the 2nd since June 2006), and it's enough to give investors indigestion. "Will this be a September to remember?" asked John Canally, chief economic strategist of LPL Financial. The Federal Open …

  • How to qualify for a premium rewards credit card Bankrate.com - Mon, Sep 19, 2016 6:00 AM EDT

    The recent launch of the Chase Sapphire Reserve credit card has been a smashing success -- for Chase, and for certain consumers. During the first few days following its August introduction, tens of thousands of people signed up for this rewards card, which comes with a huge sign-up bonus and generous travel rewards, but …

  • Breaking down the costs of finishing a basement Bankrate.com - Fri, Sep 16, 2016 6:00 AM EDT

    Transforming a basement into a second living room, workshop or playroom for the kids is a clever way to improve the value of a property, expanding the usable square footage and making your home more versatile. ...

  • 6 NFL players with surprisingly frugal lifestyle Bankrate.com - Fri, Sep 16, 2016 6:00 AM EDT

    Previous 1 of 7 Next Previous 1 of 7 Next The Washington Post/Getty Images Cheapskate NFL players sack spending There's no shortage of stories about NFL players who made it to the big time and racked up ...

  • It claims I'm stuck paying the commission to the buyer's agent! Since I had no agent, the buyer's agent says she's also acting as the selling agent and claims I signed a form stating this. If the contract clearly states you agreed to pay the agent part or full commission, you may be technically obligated, as unreasonable …

  • Do batteries from dead hybrid cars pose a threat? Bankrate.com - Fri, Sep 16, 2016 6:00 AM EDT

    There are lots of rumors circulating about what happens to hybrid car batteries when the cars they are in are no longer operational. Most hybrid car batteries are made up of nickel-metal-hydride cells which have substantial recycled value because they contain precious metals, so they are actually a desirable product for …

  • National mortgage rates for Sept. 15, 2016 Bankrate.com - Thu, Sep 15, 2016 6:00 AM EDT

    Interest Rate Roundup Mortgages 30-year fixed: 3.64% Average points: 0.23 Mortgage rates rose this week, according to Bankrate's latest survey of large lenders. The benchmark 30-year fixed-rate mortgage ...

  • Mortgage rates rise after 6 weeks of quiet Bankrate.com - Thu, Sep 15, 2016 6:00 AM EDT

    Michael Moskowitz, president of Equity Now, a mortgage lender based in New York City, says the increase in rate has been relatively modest, at least for some borrowers. RATE SEARCH: Get prequalified today with mortgage lenders you'll find on Bankrate.com. The standard advice nowadays is that if you're comfortable with …

  • CD rates for Sept. 15, 2016 Bankrate.com - Thu, Sep 15, 2016 6:00 AM EDT

    Interest Rate Roundup CDs 1-year CD yields: 0.3% 5-year CD yields: 0.81% Rates on certificates of deposit were mixed in Bankrate's weekly survey of CD rates. The 5-year CD yield rose 1 basis point to 0.81%. ...

  • Does your state have foreclosure troubles? See the rankings Bankrate.com - Thu, Sep 15, 2016 6:00 AM EDT

    Foreclosure filings increased more than 10% nationally from July to August. Here's how the 50 states and the District of Columbia rank for foreclosure filings in August, according to RealtyTrac, a California-based ...

  • Don't believe these 9 myths about building better credit Bankrate.com - Thu, Sep 15, 2016 6:00 AM EDT

    Sadly, there are no real quick fixes despite what some commercials or online credit repair ads might proclaim. The key to increasing your credit score is good payment behavior along with time and a healthy mix of credit types. FREE TOOL: Worried there may be mistakes on your credit report?

  • Will government make personal loans harder to get? Bankrate.com - Thu, Sep 15, 2016 6:00 AM EDT

    For borrowers with good or excellent credit, personal loans are relatively easy to come by and very cheap to finance. "Subprime and near prime borrowers are the ones who have fewer options available to them to begin with," says Brian Knight, a senior research fellow for the financial markets working group at the Mercatus …

  • Jason LaVeris/Getty Images Floyd Mayweather Net worth: $400 million (as of September 2016) Year of birth: 1977 Education: High school dropout How Floyd Mayweather's net worth was built Floyd "Money" ...

  • Special tax credit could pay off, but expect delays Bankrate.com - Wed, Sep 14, 2016 6:00 AM EDT

    The earned income tax credit, or EITC, can be a great benefit for workers who don't make much money or to those who did work but then lost a job. It even can produce a tax refund for eligible filers who had no tax liability. Most tax credits are nonrefundable, meaning they simply zero out a tax bill.

  • My Mom gave me the family condo. Do I have to pay tax on it? Bankrate.com - Tue, Sep 13, 2016 6:00 AM EDT

    My mother, father and I jointly own a condo. My father is now deceased and prior to his death, he quitclaimed his right to the property to my mother. My mother has now transferred her interest in the property to me.

  • How to get the most from your rewards credit cards Bankrate.com - Tue, Sep 13, 2016 6:00 AM EDT

    The average household active in a rewards program doesn't redeem a third of the rewards they earn each year, according to a study from Colloquy and Swift Exchange. "There are probably a slew of people out there who have cards with points on all of them," says John Ulzheimer, a nationally recognized expert on credit reporting, …

  • Bankrate survey: Election is the economy's top threat Bankrate.com - Tue, Sep 13, 2016 6:00 AM EDT

    Americans are so alarmed by the presidential election that 3 in 5 say that its outcome poses the biggest near-term threat to the economy. In a national survey, Bankrate asked adults what they think poses the biggest threat to the U.S. economy over the next 6 months and 61% of respondents said it will be the outcome of …

  • What must a home have to lure millennial buyers? Bankrate.com - Tue, Sep 13, 2016 6:00 AM EDT

    Real Estate What young buyers want Previous 1 of 11 Next copyright Goodluz/Shutterstock.com What young buyers want The millennial generation has emerged as a dominant force in the housing market. According ...

  • Jay Z has 99 problems, but money ain't one Bankrate.com - Mon, Sep 12, 2016 6:00 AM EDT

    While primarily known for his music in the hip-hop scene, Jay Z's business ventures have contributed tremendously to his $610 million net worth. Tidal, his streaming service, has more than 3 million subscribers. Of course, his Roc Nation entertainment company, Armand de Brignac champagne and D'Usse cognac are also helping …

  • Credit unions vs. banks: What's the difference? Bankrate.com - Mon, Sep 12, 2016 6:00 AM EDT

    Keith Brofsky/Getty Images You may think that banks and credit unions are pretty much the same thing. They both offer checking accounts , savings accounts and ATMs. They both make loans. But there are ...

  • Hear 1 man's story from massive Wells Fargo case Bankrate.com - Fri, Sep 9, 2016 6:00 AM EDT

    Justin Sullivan/Getty Images Everyone who has visited a bank branch in recent years has probably experienced bank personnel trying to upsell them on other services. "You want to make a withdrawal ...

  • Can you really make money if you wrap your car in ads? Bankrate.com - Fri, Sep 9, 2016 6:00 AM EDT

    Legitimate companies usually require you to be at least 18 years old, have a valid driver's license and a clean driving record. The Federal Trade Commission has warned about car-wrapping scammers. One of the more common scenarios is that the company sends the car owner a check for a much larger amount than what the owner …

  • National mortgage rates for Sept. 8, 2016 Bankrate.com - Thu, Sep 8, 2016 6:00 AM EDT

    Interest Rate Roundup Mortgages 30-year fixed: 3.56% Average points: 0.21 Mortgage rates were mostly down this week, according to Bankrate's latest survey of large lenders. The benchmark 30-year fixed-rate ...

  • CD rates for Sept. 8, 2016 Bankrate.com - Thu, Sep 8, 2016 6:00 AM EDT

    Interest Rate Roundup CDs 1-year CD yields: 0.3% 5-year CD yields: 0.8% Rates on certificates of deposit were unchanged this week in Bankrate's weekly survey of CD rates. The 5-year CD yield stayed at ...

  • Why a first-time homebuyer owes tax on tax payment Bankrate.com - Thu, Sep 8, 2016 6:00 AM EDT

    When I took it out of the retirement fund, they said they also had to take out the money for tax. What percentage of the 403(b) withdrawal is subject to the tax penalty? At the end of the year, the $12,500 withdrawal will be reported to you by the trustee of your retirement plan on Form 1099-R, Distributions From Pensions, …

  • Mortgage rates remain in refinancing territory Bankrate.com - Thu, Sep 8, 2016 6:00 AM EDT

    It's good news for homebuyers because interest rates on home loans continue to hover just above the modern-day record low. It's also good for the shrinking number of homeowners who would save by refinancing their mortgages but haven't done so yet. Last week, 64% of mortgage applications were from homeowners who wanted …

  • How Steve Harvey got out of $25 million in tax debt Bankrate.com - Wed, Sep 7, 2016 6:00 AM EDT

    Many American taxpayers will experience an IRS problem sometime during their lifetime. Take comedian Steve Harvey. "My old tax accountant, who passed, had done some, let's say, not so smart things," recalls Harvey.

  • How to control the high cost of a hip or knee replacement Bankrate.com - Wed, Sep 7, 2016 6:00 AM EDT

    Some 50 years ago, fans were rocking to "Twist and Shout." These days, the same crowd is rolling on over to orthopedic surgeons for hip and knee replacements. Medicare recently reported that in 2014, it paid for more than 400,000 of these operations, which cost more than $7 billion for the hospitalizations alone. Think …

  • What retirement? 70% will work as long as they can Bankrate.com - Wed, Sep 7, 2016 6:00 AM EDT

    Being retired in her early 60s was never part of Kitty Felde's plans. RATE SEARCH: Need an IRA to stash retirement cash? Felde, 62, is not alone in extending her working career, as our society's definition of retirement continues to change.

Next >>