Mark Kantrowitz
@mkant
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Leading national expert on student financial aid, FAFSA, college scholarships and student loans.
Chicago, IL
Joined March 2009
I join Rep. John Katko on "Balancing Act" tonight to talk about college costs. Watch at https://t.co/ObvoOsH9ke
#WCNY #PBS #BalancingAct #JohnKatko #CivicEngagement
balancingactwithjohnkatko.com
Balancing Act with John Katko
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Socially responsible banks and credit unions give back to the local community. Credit unions also invest in improving member services. https://t.co/qzhj2nUQwU
bankrate.com
An increasing number of banks have causes they support. Here’s what you should know about banks that give back along with a few examples.
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A thrift is more focused on mortgage lending than the typical bank, and may pay a higher interest rate on savings. Like banks, accounts in thrifts are FDIC insured. https://t.co/Tfb4paHzPA
bankrate.com
Thrifts are much less common today than traditional banks. Let’s look at the history of thrifts and what sets them apart.
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Switching to a new bank can pay off, as some banks will pay a cash bonus and eliminate fees to get your business. This compensates for the hassle of changing direct deposits and automatic payments. https://t.co/FH99bLR62n
bankrate.com
Bank account bonuses can be a rewarding way to grow your earnings. But it's good to know the pros and cons before moving your money to a new bank.
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When the housing supply falls short of demand, home prices (and home equity) increase and homes remain on the market for longer. High interest rates act as a drag on the housing market. But, home equity isn't real until it is realized. https://t.co/CsiBnxa1rj
bankrate.com
This week in home equity news: Home prices and equity stakes soar across the U.S. Our roundup of the most compelling stories.
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A Roth IRA is a way of hedging against increases in income tax rates. Congress might someday choose to increase income tax rates. Having a mix of traditional and Roth retirement accounts protects you against tax increases. https://t.co/VNNTDIPfx4
bankrate.com
Maxing out your Roth IRA — if you’re able to do so — can prove to be one of your smartest financial decisions.
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This article is a basic explainer of inflation, what it is, its causes, how it is measured, how it affects purchasing power and how consumers can hedge against inflation. https://t.co/IdCKJK6nhR
bankrate.com
Inflation is when the cost of goods and services rises over a sustained period, feeling akin to taking a pay cut.
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Reduce the interest rate on your student loans by shopping around for a lower rate, getting a creditworthy cosigner on your private student loans, and signing up for autopay or other discounts. Negotiating, on the other hand, generally doesn't work. https://t.co/WqUzRiwYBC
bankrate.com
Learn how to lower the interest rate on your student loans and trim your monthly payments. Find out which option is best for you.
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529 plans limit investment choices, but a broad stock market index is often all you need. There is a penalty for non-qualified distributions. Student- and parent-owned 529 plans count as a parent asset, but grandparent-owned 529 plans do not. https://t.co/3EBse2GrYE
bankrate.com
Despite the tax advantages, a 529 college savings plan may not be the best way for a family to save money for college.
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Your emergency fund should be kept in liquid form, so you can get access to the money quickly. A high-yield savings account does this, and provides a good interest rate on the savings. https://t.co/jIXQmzv2nd
bankrate.com
The best places to keep your emergency savings include high-yield savings accounts and money market accounts, among others. Here are the best places to stash your cash.
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The consumer inflation rate may have remained unchanged, but wholesale prices are rising, suggesting that a CPI-U spike is just around the corner. https://t.co/DKBQEwDGMQ
bankrate.com
Since February 2020, consumer prices have jumped 24.3 percent, a Bankrate analysis of Bureau of Labor Statistics data shows.
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The hot job market caused tech workers to trade up for higher-paying jobs. With layoffs looming, the party may be over. But, even workers who didn't trade up may be fearing the lack of job security or perks like remote work. https://t.co/D4N8SY8U5M
bankrate.com
More than half of those who found a new, better-paying job over the past 12 months say they’re worried about their job security.
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