When you turn a profit on the sale of assets, such as stocks, bonds, mutual funds or real estate, it’s called a capital gain. It’s generally considered taxable income. In most cases, however, the tax rate on capital gains is lower than the rate on your regular income.
If you’ve ever promised to pay off your credit card debt “when you have more money,” now’s your chance. The Internal Revenue Service estimates that 70% of taxpayers will get refunds this year.
By Kurt Smith, Psy.D. Learn more about Kurt on NerdWallet’s Ask an Advisor Money-related stress doesn’t discriminate. Whether individuals are financially well off or not, most still worry about their finances: A 2016 survey by the American Psychological Association found that 61% of Americans were either somewhat or very stressed about money.
The American working class lost a shocking amount of wealth in recent decades as wages stagnated. Despite campaign promises, making up that lost ground will be no easy feat. Creating more well-paying jobs would help, but that could take years.
Thirty-year fixed mortgage rates today remained unchanged, while 15-year fixed loans moved slightly lower and 5/1 ARMs moved slightly higher, according to a NerdWallet survey of mortgage interest rates published by national lenders Thursday morning.
Most people know that breaking tax rules, even accidentally, can bring serious consequences like an audit. It may seem like a one-way street, but the IRS has to follow rules, too.
Tax help can cost a lot of money. Pros charge $150 an hour on average to do a federal and state return, according to the National Society of Accountants. Help with planning, back taxes or audits can cost even more.
Thirty-year fixed mortgage rates were up six basis points today, while 15-year fixed loans and 5/1 ARMs also rose slightly, according to a NerdWallet survey of current mortgage rates published by national lenders Tuesday morning.
My sister Megan called me recently asking for advice on picking a new credit card. Because she’s a college student and only 19, I assumed she’d qualify only for a student or secured credit card, so I spent 10 minutes talking her ear off about those options before I bothered asking whether she knew what...
In recent years, home equity loans have gone the way of boy bands. So last-century. In an era of low interest rates, home equity lines of credit and cash-out refinances have been the equity-tapping products of choice.
By Mike Eklund Learn more about Mike at NerdWallet’s Ask an Advisor. Have you made investing decisions you regret? I know I have. I recently turned 40 and thought it was a good time to reflect on my own investing mistakes and lessons learned from my 17-plus years of experience.
In the hunt for the lowest mortgage refinance rate, there are some things you can control and some you can’t. Rates moving up just when you’re about to refi? Can’t control that.
Thirty-year fixed mortgage rates today dipped five basis points, while 15-year fixed loans and 5/1 ARMs also dropped, according to a NerdWallet survey of current mortgage rates published by national lenders Friday morning. MORTGAGE RATES TODAY, Friday, Feb.
At a grocery store in Seattle, shoppers grab their food, and instead of waiting in the checkout line, they just leave. No, they’re not shoplifting. They’re at Amazon Go. The first-ever Amazon Go store is an 1,800-square-foot supermarket without cash registers or check stands.
By Shawn Leamon Learn more about Shawn on NerdWallet’s Ask an Advisor The marital home is many couples’ most valuable asset, so deciding what to do with it during divorce can be difficult.
If you’ve had to introduce Mom and Dad to one of your surlier significant others — you know, the one who just couldn’t drop politics at the door — then introducing them to mobile banking should be painless, right?
Cashier's check: Summary A cashier’s check is a check guaranteed by a bank, drawn from its own funds and signed by a cashier or teller. It’s one of the safest ways to make large payments on purchases.
By Scott W. Johnson Learn more about Scott on NerdWallet’s Ask an Advisor Almost all states require drivers to carry a minimum amount of auto insurance. Unfortunately, many drivers ignore this law.
By Cheryl Welch Learn more about Cheryl on Nerdwallet’s Ask an Advisor The world of health care is changing rapidly thanks to new advances in technology. Innovations such as patient portals and telemedicine allow patients and doctors to connect in new ways.
People who spend too much outnumber, by far, those who spend too little. But the methods that therapists and financial planners use to help “underspenders” can guide the rest of us about when it’s OK to splurge and when we should resist.
We spend decades dreaming of the day when life won’t be dictated by alarm clocks, commute times, meeting schedules and office politics. Then reality sets in: Retirement can be kind of a drag.
If you believe recent reports from the web, you probably think millennials are financial floozies, trading their retirement money for venti lattes. The reality is probably not that bad, but also not as click-worthy: Research from the Transamerica Center for Retirement Studies indicates that nearly three-quarters of millennials are saving for retirement and that we...
“Ask Brianna” is a Q&A column from NerdWallet for 20-somethings or anyone else starting out. I’m here to help you manage your money, find a job and pay off student loans — all the real-world stuff no one taught us how to do in college.
Let’s be real: Rejection hurts. It’s particularly hard if you’re denied for a mortgage preapproval, which is one of the biggest hurdles in the home-buying process. Mike and Brittany Delgado know the feeling all too well.
If love means never having to say “I’m sorry,” try telling that to your bank account. If you’ve ever demonstrated your affection through lavish gifts or pricey big gestures, then you know the heartache of seeing your balance dwindle and your debt rise.
Mortgage rates today fell across the board, with 30-year fixed rates down by eight basis points, and 15-year fixed loans and 5/1 ARMs down by three and two basis points, respectively, according to a NerdWallet survey of mortgage rates published by national lenders Wednesday morning.
You don’t usually think of your student loan lender as a source to save you money. But by signing up for automatic payments today, you could land a discount and put money back in your pocket.
If you’ve got Monday off for Presidents Day, you may choose to spend it binge-watching “The OA” or brunching with your crew. But it would be smart to set aside a little time to give your finances the presidential treatment.
In this series, NerdWallet interviews people who triumphed over debt using a combination of commitment, budgeting and smart financial choices. Their stories may inspire you to pay off your debt.
Thirty-year fixed mortgage rates plunged 11 basis points today, while 15-year fixed loans and 5/1 ARMs dropped by four and three basis points, respectively, according to a NerdWallet survey of mortgage interest rates published by national lenders Friday morning.