(Stefon Walters) Since 401(k) plans are employer-sponsored, your plan won’t remain the same whenever you switch jobs. Luckily, you won’t have to go through life trying to keep up with every 401(k) you’ve ever had — you can do a rollover. A rollover occurs when you transfer the money from one 401(k) plan to another […]
Image source: Getty Images The Great Resignation could be costing you. key points Companies are struggling to retain workers these days. Employers are offering up higher wages to address high quit rates, but that could be a bad thing for everyday consumers. We’ve been deep in the throes of the Great Resignation for many months […]
(Maurie Backman) You may have lofty goals for retirement, whether it’s pursuing a hobby like golfing or sailing, traveling, or going back to school. No matter what objectives you set for your senior years, the more money you have access to, the more likely you’ll be to get to do the things you’ve always dreamed […]
Mortgage rates have hovered above 5% for several weeks now. As inflation remains an issue and the Federal Reserve works to get a handle on rapid price growth, rates will likely remain elevated. Because rates are already high and may continue to rise, homebuyers will need to carve out affordability where they can by shopping […]
Image source: Getty Images Signing up for auto-renewing subscriptions came at a big price. key points I signed up for several free trials and forgot to cancel. They were charged on a credit card I don’t use as often so I didn’t check my statements regularly. I spent hundreds of dollars unnecessarily as a result. […]
Planning your financial future is about strategy – you want to make sure you’re working as smart as possible. Work smart, not hard, as they say. That can mean using the right “tool” for a given job, which I think goes under-appreciated in personal finance. It’s not very smart to put all of your money […]
Sheets of USD 20 bills roll through the printing press at the US Bureau of Engraving (BEP) in Washington, DC, where the high-tech presses run 24-hours a day. PAUL J. RICHARDS/AFP via Getty Images hide caption toggle caption PAUL J. RICHARDS/AFP via Getty Images Sheets of USD 20 bills roll through the printing press at […]
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Generation Z adults—individuals who are between 18 and 25 years old—prove to be more financially sophisticated than any previous generation was at their age, according to The 2022 Investopedia Financial Literacy Survey. But they also have the most to learn. More than half of Gen Z adults are already invested—with 26% of that group invested […]
Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Nothing calls for a better time to get organized as the spring cleaning season. The rainy […]