You can open a bank account online in just 10 to 15 minutes by choosing an account type, gathering personal documents like your Social Security…
Choosing the best high-yield savings account requires comparing interest rates, fees, and account features. Look for accounts offering APYs up to 4.40 percent with FDIC insurance, no monthly maintenance fees and convenient digital features like…
Value-added tax (VAT) is a tax on goods and services, not unlike a sales tax but with some major differences. While the U.S. doesn’t levy a VAT, this type of tax exists in many other countries. Both sales and value-added taxes are a tax on the consumption of goods and…
A new analysis projects the Social Security Administration’s (SSA) cost-of-living adjustment (COLA) for next year will be higher than previously projected. The Senior Citizens League (TSCL) released its estimate for the 2026 COLA based on May inflation data and projected that it will be 2.5%, up from the prior month’s estimate…
Key takeaways Mutual funds — a type of investment that lets you buy a collection of securities — offer convenience, professional management and diversification. There are a few drawbacks with mutual funds, including high fees, uncontrollable tax events and no intraday trading. If you’re new to investing, mutual funds can…
Key takeaways Evaluate your finances and credit score so you can set a realistic car buying budget. Determine what you want, how much it costs and what you’re willing to spend before you visit any dealerships. Shop multiple dealerships to get an accurate sense of prices. Prequalify for an auto…
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Drs Producoes/Getty Images Key takeaways When you sell mutual fund shares, you will be subject to taxes on the gains. You may owe taxes even if you still own a mutual fund. To minimize taxes…
