The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

Americans are familiar with the impact of higher interest rates, which are making it more expensive to carry credit card debt or buy homes and cars. But the federal government is also getting walloped ...

Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and ...

As we enter 2024, the financial landscape continues to be shaped by high-interest rates, a scenario that could significantly impact various sectors of the economy. Read on to find out which sectors ...

The Federal Reserve cut interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, marking the central bank's third cut of the year. Fed ...

Midwest-rooted Central Bank offers an online application, which you can track via mobile app. But you’ll have to contact the bank for mortgage rates. Among the best when it comes to online convenience ...

The Federal Reserve held interest rates steady Wednesday between 4.25% and 4.5% – exactly as interest-rate traders' bets had predicted a month ago. The traders' bets are now predicting there's little ...

High-interest debt has a bad reputation — and rightfully so. Debt that charges high rates is the most expensive for borrowers to carry. And the longer you leave it unpaid, the quicker the costs grow, ...

Accrued interest grows daily and varies if paid off early, affecting loans and credit costs. Monthly accrued interest is calculated using the average daily balance method. Bond sellers should include ...

The Axos ONE account is a combined checking and savings account that pays competitive interest rates — as long as you meet a couple requirements. There are no monthly fees and no minimum deposit ...

Mark Cussen, CMFC, has 13+ years of experience as a writer and provides financial education to military service members and the public. Mark is an expert in investing, economics, and market news.

The miracle of compounding can turn a mere $1,000 into millions of dollars -- or it can just strengthen your savings account via compound interest. The world of finance can seem boring to many people, ...