Gone are the days of being required to visit a local bank branch to open a new account. With the rise of mobile apps, web platforms, and online-only banks, it’s now easier and faster than ever to open a bank account online without leaving home. Here’s a guide to opening an account online, what you’ll … Read more
There are many reasons people buy life insurance. New parents want to provide a financial safety net for their family. A small business owner wants to ensure their company has funds to reorganize and continue operating in their absence. And a senior might want a policy to provide funds for a funeral and other end-of-life … Read more
You have many choices when it comes to life insurance. These range from companies already around when Abraham Lincoln was president to modern day insuretechs built on 21st Century digital technology. Sorting through your options can be a challenge. We’ve reviewed a variety of life insurers to help you make a more informed decision. Best … Read more
The best bank accounts for kids feature low fees, convenient access, and helpful money management tools. Kids can also earn interest with a savings account. Opening a bank account on behalf of a child can be a great way to introduce them to the basics of money management. Online banks and traditional banks may offer … Read more
When looking for a loan with less-than-perfect credit, you may encounter challenges, including high rates and difficulty finding a suitable lender. Shopping around for the best loans for fair credit can help you find the most favorable costs and terms for your financial situation. Here’s a look at the top lenders for fair credit to … Read more
Planning to travel in 2024? You’re not alone. According to the U.S Travel Association, a trade group, travel has bounced back after the pandemic, with Americans forecasted to spend a staggering $1.09 trillion on domestic and international travel this year. This surge, however, comes with its challenges, as travel costs have soared to unprecedented heights, … Read more
Empower is a financial services company offering retirement plans and comprehensive wealth management to both individuals and organizations. Launched in 2014—but with Canadian roots dating back to 1891—Empower is currently the second-largest retirement plan provider in the country, with more than 17 million customers. In 2020 Empower acquired Personal Capital, a popular investment robo-advisory platform, … Read more
There are a variety of reasons to refinance your auto loan. Perhaps you took out your previous loan with a subpar credit score and have since cultivated a score capable of netting significantly more favorable interest rates. Maybe you’d like to lower your monthly payments by extending the term of your loan or would like … Read more
Put simply, a mortgage refinance replaces one mortgage with another. People tend to avoid mortgage refinancing when rates are high, and average rates have been rising steadily since 2022, reaching a peak of 7.79% for a 30-year fixed-rate mortgage at the end of October 2023. However, they have dropped somewhat since then, standing at just … Read more
In general, borrowers are required to meet strict income and credit criteria to obtain a loan. Many struggle to meet these requirements without some help, due to poor credit or other financial setbacks. There are two primary methods to help someone else get a loan: co-signing and co-borrowing. “Both co-signers and co-borrowers are legally obligated … Read more