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2 months ago | 
businessinsider.com | Kevin Payne |Katherine Fan
Personal Finance Credit Cards Kevin Payne, pictured with family in California in July 2024, is a personal finance expert who used to use different credit cards for every type of purchase. Now, he primarily uses the Capital One Venture X credit card for four reasons. Kevin Payne I'm a busy entrepreneur and dad to four teens. I changed my financial strategy to maximize my time. I used to switch credit cards for different expenses.
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Sep 29, 2024 | 
time.com | Kevin Payne |Jim Probasco |Jean Folger |Rebecca Lake
If you feel financially unprepared for retirement, you’re not alone. More than half of Americans (55%) have concerns about achieving financial security in retirement, according to a 2024 report from the National Institute on Retirement Security. Of course, the sooner you start saving for retirement, the easier it can be to reach your goals—and contributing to a retirement account (or two) is a great way to get started.
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Sep 29, 2024 | 
time.com | Lee Huffman |Kevin Payne |Jamie Cattanach |Catherine Hiles
A few decades ago, brick-and-mortar banking was pretty much your only option. Then, online banking made it easier to choose a bank based on your needs rather than its physical location. And now, you don’t even need a computer to bank since most transactions can be completed from your mobile device. Milli Bank takes full advantage of mobile banking’s popularity—in fact, the app is the only way to bank with Milli. Think this might be an option for you?
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Sep 26, 2024 | 
time.com | Kevin Payne |Jamie Cattanach |Eric Rosenberg |Jim Probasco
A Coverdell education savings account (ESA) is a tax-advantaged investment account that can be used to pay for qualified education expenses. While these accounts are similar to 529 plans in some ways, they are much more flexible—for example, they typically have more investment options. In other ways, they are much more limited, including their $2,000 annual contribution limit. Still, Coverdell ESAs are worth considering in certain situations.
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Sep 26, 2024 | 
time.com | Kevin Payne |Bob Haegele |Eric Rosenberg |Jim Probasco
As its name suggests, a business checking account is a checking account designed for business use. It can help small business owners separate their income and expenses from personal ones. It can also help simplify your life come tax time. At a nuts and bolts level, a business checking account is similar to a personal checking account, but you’ll need to jump through some extra hoops to open one.
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Aug 1, 2024 | 
time.com | Kevin Payne |Erik Haagensen |Julia Kagan
An individual retirement account (IRA) CD is a type of retirement account that invests your funds in a certificate of deposit (CD). When you open a regular CD, you're putting away money for the near future. With an IRA CD, it's part of your long-term retirement savings strategy. The type of IRA you use for your IRA CD determines guidelines for contributions and tax implications on withdrawals. Below is our list of banks and credit unions where you can find the best IRA CD rates available right now.
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Aug 1, 2024 | 
time.com | Kevin Payne |Erik Haagensen |Julia Kagan
Jumbo certificates of deposit (CDs) require a higher minimum balance commitment than traditional CDs, typically $100,000 or more. Banks and credit unions often pay higher rates on jumbo CDs as a reward for leaving a larger amount of money in your account in the long term. In some cases jumbo CDs offer interest rates of 5.00% or higher. Our list of the best jumbo CD rates focuses specifically on CDs with the highest rates that require at least a $100,000 minimum deposit to open.
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Jul 9, 2024 | 
time.com | Kevin Payne |Erik Haagensen
Our evaluations and opinions are not influenced by our advertising relationships, but we may earn a commission from our partners’ links. This content is created independently from TIME’s editorial staff. Learn more about it. When fintech company SoFi first launched, it was known for student loan refinancing. Since then the company has expanded to offer a wide range of financial products.
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Jun 27, 2024 | 
time.com | Kevin Payne
Having no credit history or bad credit doesn't disqualify you from getting a credit card, but it does limit your options. The card_name is one of several cards marketed toward people with bad credit or a limited credit history. Unlike some credit-building cards, it does not require a security deposit to qualify. However, that's deceiving, as the card comes with expensive annual and monthly fees, which make it a costly way to build credit.
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Jun 27, 2024 | 
time.com | Kevin Payne
As 2023’s number-two retailer in the world, Amazon is an online shopping staple for millions of consumers. It’s also a top credit card choice for many small-business owners, with quick access to business supplies and other items. The card_name offers business owners an opportunity to earn bonus cash back on purchases at Amazon.com and select Amazon-related brands. Unfortunately, it's not the best option available for many business owners, especially if you're a frequent Amazon shopper.
