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Every year, millions of dollars in credit card rewards go unclaimed — money that could be covering travel, everyday expenses, or even cash back in your pocket. If you’re not redeeming those rewards, you’re leaving money on the table. As someone who leverages credit card rewards, I was somewhat surprised by the recent Bankrate survey

Freshsplash | E+ | Getty Images Despite the Federal Reserve‘s recent cuts, credit card interest rates have been hovering near record highs. A new bipartisan bill would cap them at a dramatically lower figure, but experts say it may not be a win for consumers. Senators Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., introduced a

In this article BCSF Follow your favorite stocksCREATE FREE ACCOUNT Inflation, job concerns, and already high interest rates are putting the squeeze on many American consumers. Now, even high earners, defined as people with incomes of $150,000 or more, are showing signs of stress. These borrowers are increasingly having trouble meeting payments on credit cards,

On the campaign trail, President Donald Trump promised lower taxes, lower prices and a stronger economy in his second term. On Day One of his second term, Trump signed a flurry of executive orders — including a regulatory freeze pending an administration review and a directive to members of his administration to assess trade relationships

I’ve got all the paperwork here Delmaine Donson | E+ | Getty Images More than half of U.S. consumers planned to make a financial resolution for 2025, according to a December poll by Discover Personal Loans.  Even if you didn’t ring in the new year with some money goals in mind, it’s not too late

The rally in bitcoin and other cryptocurrency prices has generated excitement among some investors, but investment advisors are largely still skeptical that those volatile assets belong in a 401(k) plan or other qualified retirement savings plans.   Crypto was one of the fastest-growing categories of exchange-traded funds in 2024. The most popular of these funds, the

Just hearing those words ” estate planning ” makes most people zone out, as it’s tied to the end of their mortality, a topic they’d rather avoid. However, it’s important to consider what will happen to your personal belongings, finances and both tangible and digital assets as part of your estate plan. I would be

Peter Kramer/NBC via Getty Images U.S. consumers would likely see prices increase if President-elect Donald Trump follows through with a plan to levy import tariffs, experts said Tuesday during CNBC’s Financial Advisor Summit. “Either way, there is a cost to consumers,” said Erica York, senior economist at the Tax Foundation. A tariff is a tax

Srdjanpav | E+ | Getty Images If you are considering a year-end Roth individual retirement account conversion, you’ll need to plan for an upfront tax bill. Roth conversions move pretax or nondeductible IRA funds to a Roth IRA, which can kick-start tax-free growth. It’s a popular strategy among investors with large pretax balances, particularly in

Hispanolistic | E+ | Getty Images If you’re planning a gift to charity this holiday season, you could score a tax break by donating cryptocurrency. But there are some key things to know before making the transfer, experts say. In 2024, there’s been a significant jump in crypto gifts to charity, according to Fidelity Charitable,

Artistgndphotography | E+ | Getty Images There’s soaring interest in donating cryptocurrency to charity as digital currency investors seek to maximize their tax break and impact. “A lot of folks have begun to realize that crypto giving is hugely beneficial,” said Kyle Casserino, vice president and charitable planning consultant for Fidelity Charitable, a public charity

Fotostorm | E+ | Getty Images If you need to get a mortgage to buy a house, make sure your finances are in order — especially your debt-to-income ratio. Your debt-to-income ratio is all your money debt payments divided by your gross monthly income. It’s the “number one way” lenders measure your ability to manage

U.S. President Joe Biden meets with President-elect Donald Trump in the Oval Office at the White House in Washington, U.S., November 13, 2024.  Kevin Lamarque | Reuters Investors wondering if the presidential election may usher in a bad or good time for the stock market won’t find any easy answers looking at the past. One

Xavierarnau | E+ | Getty Images If you’re retired and planning a year-end donation to charity, there’s a key move to maximize your tax break, financial experts say.   Qualified charitable distributions, or QCDs, are direct transfers from an individual retirement account to a non-profit organization. Additionally, retirees can give more in 2024, according to

Pt Stock | Moment | Getty Images When Americans measure success, they’re not often thinking about their net worth or account balances. About 59% of polled Americans say that happiness — specifically, the ability to spend money on things that make them happy — is the most important benchmark of success, according to a new

Mixetto | E+ | Getty Images As year-end approaches, you may be eyeing a donation to charity — and certain gifting strategies can boost your tax break, experts say.   In 2023, U.S. charitable giving hit $557.16 billion, up roughly 2% compared to 2022, according to Indiana University Lilly Family School of Philanthropy’s annual report released

Marco Vdm | E+ | Getty Images Many employees have a health savings account, which offers tax incentives to save for medical expenses. However, most are still missing out on long-term HSA benefits, experts say. Two-thirds of companies offer investment options for HSA contributions, up 60% from one year ago, according to a survey released

A trader wears a Trump hat as he works on the floor of the New York Stock Exchange during the opening bell on Nov. 6, 2024. Timothy A. Clary | Afp | Getty Images On Nov. 5, the presidential election handed a decisive victory for President-elect Donald Trump. In the days that followed, the markets

Hispanolistic | E+ | Getty Images Crypto investors could face higher taxes amid the surging price of bitcoin. But if you’re in the 0% capital gains bracket, you can reduce future taxes with a lesser-known strategy, experts say.  The tactic, known as tax-gain harvesting, is selling profitable crypto in a lower-income year. You can leverage the

Chesnot | Getty Images Amid the latest bitcoin rally, crypto investors face a looming deadline that could impact future taxes — and they must take action before Jan. 1, 2025. The U.S. Department of the Treasury and IRS in July unveiled final tax reporting rules for digital asset brokers, with phased-in guidelines. Starting in 2026, brokers will