Financial News from Bankrate.com

  • Big Sean's net worth matches his huge talent Bankrate.com - 19 hours ago

    Savings Celebrity Net Worth John Sciulli /Getty Images Big Sean Net worth: $12 million Year of birth: 1988 Education: Cass Technical High School How Big Sean's net worth was built Big Sean is a rapper, ...

  • How country music icon Carrie Underwood built her wealth Bankrate.com - 19 hours ago

    Carrie Underwood grew up singing in church and talent shows, but a failed record contract in 2006 led her to study communications in college, and work in a zoo and veterinarian's office. Breaking records, her first single, "Inside Your Heaven," debuted at No. 1 on the Billboard Hot 100 chart, and Underwood became a major player in the world of country music.

  • Bankrate glossary: Covenant Bankrate.com - 19 hours ago

    Often, lenders require a promise, known as a covenant, on the part of businesses that borrow money. Usually, these covenants include maximum debt-to-equity ratios that the company must observe, as well as items on the company balance sheet that must remain above or below a specific limit to comply with the covenant. Some of the areas where this applies to a company's assets include a minimum level of disclosure, a certain amount of insurance and the use of business liens only permitted by the lender.

  • Ways to electronically file your tax return Bankrate.com - 19 hours ago

    Clearly, efforts by the IRS to encourage electronic filing are proving effective. Not surprisingly, e-filing comes in two waves: early filers, who generally are getting tax money back and like the speed e-filing offers in getting the refund process going, and taxpayers who wait until just before the tax deadline to hit the "enter" key. In most cases, the computer filing programs have all the forms you'll need and they are regularly updated.

  • Survey: Americans losing battle between savings, debt Bankrate.com - 19 hours ago

    Bryan Layman was like many young adults when he got his first credit card. Now Layman is carrying $16,000 in credit card debt and has about $1,000 in emergency savings. Layman is not alone in these struggles.

  • Net worth of the multitalented Amber Rose Bankrate.com - 19 hours ago

    Savings Celebrity Net Worth Bruce Glikas/Getty Images Amber Rose Net worth: $12 million(as of February 2017) Year of birth: 1983 Education: Unknown How Amber Rose's net worth was built Amber Rose is an ...

  • How much do movers cost? Bankrate.com - 19 hours ago

    The time of year and even the day of the week also affect the cost of working with a moving company. Spring and summer tend to be the busy season for moving and movers. The average cost of a professional interstate move that covers 1,220 miles is $5,630, according to the American Moving and Storage Association.

  • Singer Alicia Keys: Girl on fire with a high net worth Bankrate.com - 19 hours ago

    Alicia Keys' appearance on "The Cosby Show" when she was just 4 years old led to bigger things for this native New Yorker. At the age of 16, Keys graduated as valedictorian from the Professional Performance Arts School in New York and briefly signed with Columbia Records until she aligned herself with record producer Clive Davis.

  • Bankrate glossary: Progressive Tax Bankrate.com - 19 hours ago

    While almost everyone who earns enough money pays some sort of income tax, the type of tax you owe primarily determines the amount you pay. A progressive tax takes a larger percentage of your income as your income grows. A progressive tax also comes into play when purchasing goods, with luxury items carrying higher taxes when you buy them.

  • Bankrate glossary: Assets Bankrate.com - Tue, Feb 21, 2017 9:00 PM AEDT

    Assets are resources or things with monetary value that are owned by individuals, governments and companies. In business and accounting, assets are economic resources that can be controlled by a person or organization. Examples of assets include cash, real property, personal property, investments, contracts, patents and copyrights.

  • Bankrate glossary: Tax Deduction Bankrate.com - Tue, Feb 21, 2017 9:00 PM AEDT

    A tax deduction reduces how much of a taxpayer's income is subject to tax. The tax system gives a taxpayer a choice of adding up all his deductible expenses -- evidence to those expenses should be provided to the IRS -- or simply deducting a flat amount (standard deductions). Deductions lower a taxpayer's taxable income by the percentage of his or her highest federal income tax bracket.

  • Bankrate glossary: Draw Bankrate.com - Tue, Feb 21, 2017 9:00 PM AEDT

    A draw is a payment taken from construction loan proceeds made to material suppliers, contractors and subcontractors. Each lending institution has different requirements for requesting a draw. How does a draw work?

  • You'll be 'Jealous' when you see Nick Jonas' net worth Bankrate.com - Tue, Feb 21, 2017 9:00 PM AEDT

    Savings Celebrity Net Worth Frazer Harrison/Getty Images Nick Jonas Net worth: $25 million (as of February 2017) Year of birth: 1992 Education: homeschooled; Eastern Christian Academy How Nick Jonas' net ...

  • See how actress and singer Ciara built her net worth Bankrate.com - Tue, Feb 21, 2017 9:00 PM AEDT

    Ciara started her career in music well before she graduated from high school. As a teenager, she had a publishing deal and first gained a bit of recognition by writing the song "Got Me Waiting" for "American Idol" winner Fantasia Barrino.

  • Barbara Corcoran: A 'shark' with a growing net worth Bankrate.com - Mon, Feb 20, 2017 9:00 PM AEDT

    Businesswoman and investor of ABC-TV's "Shark Tank" reality show, Barbara Corcoran arrived at her multimillionaire status in 2001 when real estate giant NRT Inc. purchased her real estate company and data trend report called "The Corcoran Report," for $66 million. Some reports say the number was closer to $70 million.

  • How music star Adam Levine built his net worth Bankrate.com - Mon, Feb 20, 2017 9:00 PM AEDT

    Savings Celebrity Net Worth NBC/Getty Images Adam Levine Net worth: $60 million (as of February 2017) Year of birth: 1979 Education: Brentwood School, Five Towns College How Adam Levine's net worth was ...

  • Bankrate glossary: Tax Shelter Bankrate.com - Mon, Feb 20, 2017 9:00 PM AEDT

    Not to be confused with illegal tax evasion, a tax shelter is a perfectly legal method of decreasing the amount of taxes an investor must pay from his or her income. Tax shelters can range from individual investments and transactions to investment accounts that provide fair and favorable tax treatment. A common example of a tax shelter is the employee-sponsored 401(k) plan.

  • How much do solar panels cost? Bankrate.com - Mon, Feb 20, 2017 9:00 PM AEDT

    Solar power offers many benefits: reduced carbon footprint, lower electricity bills and a possible increase in your home's value. The cost of installing solar panels was once prohibitive but the decline in prices has made converting to solar energy not only affordable but cost effective, in many cases saving homeowners and business owners money over time. Solar powered homes and buildings typically rely on solar energy during sunny days.

  • Bankrate glossary: Estimated Tax Payments Bankrate.com - Mon, Feb 20, 2017 9:00 PM AEDT

    Who doesn't have to pay estimated tax payments? Some individual taxpayers do not have to pay estimated tax payments if they had no tax liability for the previous tax year, the prior year covered a full 12-month period, and the taxpayer was a resident of the U.S. or a citizen for that span of time. To determine if an individual has no tax liability, the person must have filed no tax return or their tax liability must have been zero for the previous tax year.

  • Bankrate glossary: HSA Bankrate.com - Mon, Feb 20, 2017 9:00 PM AEDT

    It's a medical savings account that allows individuals and families to set aside money to pay for qualified health care expenses and enjoy tax advantages in the process. To qualify for an HSA, you must be in enrolled in a high-deductible health insurance plan, and you can't have any other medical coverage. If your provider doesn't have an HSA but you do have a health insurance plan with what the IRS considers to be a high deductible, you can open a separate HSA on your own.

  • Rob Dyrdek skateboards his way to millions Bankrate.com - Mon, Feb 20, 2017 9:00 PM AEDT

    Savings Celebrity Net Worth Rodrigo Vaz /Getty Images Rob Dyrdek Net worth: $50 million (as of February 2017) Year of birth: 1974 Education: Dropped out of high school his senior year How Rob Dyrdek's ...

  • Chris Rock: A stand-up guy with a high net worth Bankrate.com - Mon, Feb 20, 2017 9:00 PM AEDT

    Savings Celebrity Net Worth Mark Sagliocco/Getty Images Chris Rock Net worth: $70 million (as of February 2017) Year of birth: 1965 Education: James Madison High School How Chris Rock's net worth was built ...

  • You can sell your home free of capital gains tax Bankrate.com - Fri, Feb 17, 2017 9:00 PM AEDT

    Homeowners already know the many tax breaks that Uncle Sam offers, most notably mortgage interest and property tax deductions. Well, he also has good tax news for home sellers: Most of them won't owe the Internal Revenue Service a single dime. When you sell your primary residence, you can make up to $250,000 in profit if you're a single owner, twice that if you're married, and not owe any capital gains taxes.

  • Why stick to a car maintenance schedule? Bankrate.com - Fri, Feb 17, 2017 9:00 PM AEDT

    You also should follow the car maintenance schedule to keep the vehicle running and in great shape. Written by the automakers, the car maintenance schedule tells vehicle owners when to have certain preventative work performed on their car or truck. The most common items on a maintenance schedule include oil changes, tire rotations and tune-ups, but there are other important services to include as part of your maintenance schedule.

  • How are bonuses taxed? Bankrate.com - Fri, Feb 17, 2017 9:00 PM AEDT

    Employers pay bonuses as a reward to employees for their hard work during the year, with many companies using a bonus as an incentive to motivate employees. The Internal Revenue Service considers a bonus as a supplemental wage. According to the IRS, a bonus represents compensation paid outside of an employee's regular wages.

  • Bankrate glossary: Health Insurance Bankrate.com - Fri, Feb 17, 2017 9:00 PM AEDT

    Health insurance is a type of coverage that specifically pays for health and medical expenses. This coverage extends to routine care as well as emergency care for injuries, illnesses and other maladies. With health insurance, the company either reimburses the insured for medical expenses or the company pays the provider directly.

  • Megyn Kelly has a lot of money on file. See her net worth Bankrate.com - Fri, Feb 17, 2017 9:00 PM AEDT

    Savings Celebrity Net Worth Theo Wargo/Getty Images Megyn Kelly Net worth: $15 million (as of February 2017) Year of birth: 1970 Education: Syracuse University (B.A), Albany Law School (J.D.) How Megyn ...

  • How much do dentures cost? Bankrate.com - Fri, Feb 17, 2017 9:00 PM AEDT

    Dentures, which are also known as false teeth, are removable prosthetic teeth attached to a supporting structure, which you can remove from your mouth at any time. The most cost-effective dentures today are those made with traditional plastic prosthetic teeth, but even more expensive porcelain cosmetic dentures typically cost less than dental implants. The primary benefits of wearing dentures include an improved appearance and increased mouth function.

  • What makes up a car lease agreement? Bankrate.com - Fri, Feb 17, 2017 9:00 PM AEDT

    alexandre17/Getty Images When you purchase a car, you pay the full agreed-upon price at the time of sale, whether out of pocket or with car loan proceeds. Leasing a car is different. When you sign a car ...

  • Bankrate glossary: Certificate of deposit Bankrate.com - Fri, Feb 17, 2017 9:00 PM AEDT

    If you are looking for a low-risk investment opportunity, certificates of deposit (CDs) are a good option. During times when the investment market is particularly volatile, CDs are more appealing as there is less risk involved, and the rates are normally better than those you get from savings accounts. A CD is a type of savings account, usually issued by commercial banks.

  • Where will mortgage rates head next week? Bankrate.com - Thu, Feb 16, 2017 9:00 PM AEDT

    Will rates go up, down or remain unchanged? Intro Up 55% Down 9% Unchanged 36% Panel Prediction Up Down Unchanged 55% 9% 36% This week (Feb. 16-22), 55 percent of the panelists believe mortgage rates will ...

  • Bankrate glossary: Equifax Bankrate.com - Thu, Feb 16, 2017 9:00 PM AEDT

    Equifax is one of three leading credit bureaus, along with TransUnion and Experian. Like the other credit bureaus, Equifax uses a person's borrowing information to compile a detailed credit report. Lenders use these credit reports in conjunction with a credit score to determine the financial risk involved with letting a person borrow money.

  • Bankrate glossary: Correlation Bankrate.com - Thu, Feb 16, 2017 9:00 PM AEDT

    Building a diverse group of stocks and bonds allows portfolio managers to control the amount of risk they take in the stock market, but how exactly does that process work? Stock traders use the term correlation to refer to two securities and how they move, either up or down, in relation to each other. Portfolio managers use correlation to pick investments that perform differently from each other, depending on the circumstances.

  • Good news! Not everything is taxed Bankrate.com - Thu, Feb 16, 2017 9:00 PM AEDT

    The IRS considers just about everything you earn as taxable income. If it's in your name and you can get to it, it's considered income, and the IRS has become really strict about these offshore tax havens in recent years.

  • Michelle Obama's net worth may surprise you Bankrate.com - Thu, Feb 16, 2017 9:00 PM AEDT

    Savings Celebrity Net Worth SAUL LOEB/Getty Images Michelle Obama Net worth: $11.8 million (as of February 2017) Year of birth: 1964 Education: Whitney M. Young Magnet High School; Princeton University; ...