The best gas credit cards are designed to help maximize your savings and lower the cost of trips to the gas pump. You may be considering a gas credit card if you have a long commute, a vehicle with a low miles per gallon (MPG) rating, or a family that treats you like a taxi. … Read more
Federal tax rules for retirement income are pretty straightforward—state rules, not so much. Depending on where you live, you could pay as much as 4.7% of your annual income in state income taxes. Or as little as 0%. Some states tax almost all forms of retirement income, while others don’t levy any income taxes. Since … Read more
A cash-out refinance might be a great option if you have equity in your home and need a lump sum of cash. This type of loan replaces your existing mortgage with a new one at a higher amount than you currently owe. The difference between what you owe and the larger refinance amount will be … Read more
Opening your own credit card can be a challenge when you’re first starting out or if you have damaged credit. In both scenarios, the issuer takes on a fair amount of risk. With no credit history to check, they won’t know what kind of borrower you are. If you have bad credit, it will be … Read more
Imagine if your mortgage lender paid you instead of you paying your lender. With a reverse mortgage, that’s exactly what happens. However, you don’t just get free money each month. There are some important caveats to be aware of with reverse mortgages, and these loans are only available to select borrowers. If you’re considering a … Read more
A Roth IRA is a type of individual retirement account (IRA) that allows retirement savers to contribute money on an after-tax basis. Money grows tax-free inside of the account and can be withdrawn tax-free if certain requirements are met. Looking for financial advice regarding your retirement accounts? Consult with Empower’s team of experts Empower Financial … Read more