Do I have to pay taxes on my savings account?
The interest you earn on the money in your savings account is considered taxable income in the year the interest was earned. The tax you pay is determined by your overall taxable income for that same year.
Will you owe taxes on interest from savings accounts?
Since the IRS considers interest as taxable income, you will likely owe taxes on interest from your savings account.
Paying off your debt – 5 strategies to do it quicker and easier
Use these five helpful strategies to pay off debt faster, easier, and without any added financial stress.
More parents having open money conversations with kids than previous generation: BoA survey
Aron Levine of Bank of America Consumer Banking and Merrill Edge discusses how today’s parents are talking to their children about money issues, saving and investing in the markets.
Having trouble saving money? These strategies can help
Saving money can be difficult, especially without a solid plan. Thankfully, there are many strategies that can easily help you save more.
Dreaming of buying a home? How to get there by making sound financial decisions
Considering buying a home this year? Here are three financing tips to get you started.
How to manage your 401(k) without lifting a finger
Learn the easy way to retire wealthy.
When does consolidating credit card debt make the most sense?
A debt consolidation loan can be an effective tool to help you pay off high-interest debt, but it’s not right for everyone. Make sure to weigh the pros and cons and consider alternative strategies.
Bitcoin an ‘alternative store of value’ for the future: Digital asset expert
Chamber of Digital Commerce founder and President Perianne Boring on investing some 401(k) contributions into cryptocurrencies.
Investing in Bitcoin can fight ‘hidden tax’ of inflation: Chamber of Digital Commerce president
Chamber of Digital Commerce founder and President Perianne Boring provides insight into investing some 401(k) contributions into cryptocurrencies.
Are Bitcoin, cryptocurrencies a good retirement investment?
Chamber of Digital Commerce founder and President Perianne Boring on retirement savings and cryptocurrencies.
Forget these 4 financial myths to retire stress-free
Don't let popular financial planning myths get in the way of living the retirement of your dreams.
How to know if you’re prepared for early retirement
Retiring early is possible – if you get these four things right.
Nearly half of Americans willing to take on discretionary debt this year, study shows
CreditCards.com industry analyst Ted Rossman details a study that shows 44% of Americans are willing to take on discretionary debt to spend on goods and services in the second half of 2021.
Credit card debt could rise with spending spike later this year: Analyst
CreditCards.com industry analyst Ted Rossman argues Americans could see increased credit card debt with an expect spending spike in second half of 2021.
4 must-knows before claiming Social Security
Before you take Social Security, make sure you can answer these questions.
Homebuyers looking for a down payment shouldn't dip into these accounts
More lenders require a 20% down payment to qualify for the best mortgage rates. Using these money accounts to buy a home can cause unexpected financial stress.
How to retire with $3M on a $70,000 salary
Get a few key things right and let time do the work.
Why you should open a high-yield savings account -- and follow these tips to help pay off debt
Putting some of your leftover cash in a high-yield savings account can provide a buffer against unexpected emergencies and help you pay off existing debt.
No 401(k)? Save for retirement in 1 of these accounts, instead
You don't need a 401(k) to sock funds away for the future. Here are some different options to explore if your employer doesn't make a retirement savings plan available to you.