How Divorce Impacts Your Credit Score

Going through a divorce can cause changes to your finances, including a difference in income, expenses, and what you can save. It could also impact your credit score as you realign your existing joint accounts to reflect your newly single status. Key Takeaways A divorce may result in financial changes that can impact your credit score. Late or missed payments by your former spouse on joint accounts will negatively impact your credit score, so you...

Is Credit Repair Illegal?

Credit repair is the process of rebuilding your credit and improving your credit score after it’s been damaged by poor credit habits, financial setbacks, identity theft, or credit reporting errors. While bogus credit repair offers are a favorite ploy of scam artists, credit repair itself is legal. There are legitimate credit repair companies that can help you, and there are steps you can take to repair your credit on your own. This article explains how....

The Average Inheritance Revealed: Here’s How Much Most People Receive

Inheritance can be life-changing. From paying off debt to investing in the future, it’s a financial turning point for many families. According to the Federal Reserve data, on average, American households inherit $46,200. However, this number is inflated by large amounts passed down in wealthy families. Here, we’ll get into the numbers and explore how inherited wealth can impact your financial planning. Key Takeaways Large estates (over $13.61 million in 2024) are subject to federal...

From Then to Now: Inflation’s Effects Over 25 Years

Inflation has been front and center in the news throughout the past few years. You’ve probably faced it head-on every time you’ve gone grocery shopping or bought a cup of coffee. According to the 2024 study from the Pew Research Center, 62% of Americans saw inflation as one of the country’s top problems. While inflation may be painful for your wallet, it’s a relatively normal part of the economic cycle. In fact, experts like to...

25 Groundbreaking Financial Advances From the Past 25 Years

The past 25 years have been among the most pivotal in history for financial innovations. The mainstream introduction and rise of fintech have changed nearly every area of personal finances, from banking to investing and beyond. Whether or not you’re an early adopter of technology, financial innovation has touched your life in some way. To shine a greater light on some of these advancements, we’ve rounded up a list of the 25 most important financial...

Defining Financial Events of the Past 25 Years

Just 25 years ago, financial markets were grappling with the introduction of the internet to mass consumers. Now, players and regulators alike must pivot to the rise of artificial intelligence.  Institutions, investors, and consumers have all felt the friction as our old-world economic systems merge with new-age technology and manage new risks. Factor in a global pandemic, and what a wild quarter-century it’s been.  Investopedia has been taking notes: Here are the most significant events...

Investopedia Celebrates 25th Year Of Helping Readers Build Wealth

Twenty-five years is a long time to do anything, especially on the internet. Since 1999, Investopedia has maintained a clear and consistent mission: to teach people how to make financial decisions for themselves, their families, and their businesses, and to help them build their wealth through saving and investing.  Founded in Edmonton, Alberta, at the peak of the dot-com bubble, our founders recognized a  growing need for smart, unbiased information that demystified the financial world...

Strategies for Wealth Preservation: Safeguarding Your Financial Future

Wealth preservation is an essential but often skipped step between wealth creation and wealth transfer. Whereas wealth creation focuses on high-yield or long-term investments for cash flow, wealth preservation helps protect investments so they can be passively managed, appropriately withdrawn, and protected from inflation. Proper wealth preservation protects the value of your assets through various financial management and tax strategies. Depending on your goals, employing all or some of these strategies will benefit your current...

Financial Buzzwords That Defined the Past 25 Years

Since our founding in 1999, Investopedia has been one of the most popular online sources of financial definitions, analysis, and advice for tens of millions of people every year. Our financial dictionary is the foundation on which this site was built, and it has given us a profound insight into what topics, terms, events, and technology define the financial world. For every major financial event, headline, trend, or development, we have a definition or explanation...

What Is a Bank Sign-Up Bonus?

What Is a Bank Sign-Up Bonus? A bank sign-up bonus is a lump sum of cash you receive when signing up for a new bank account and fulfilling various requirements. Banks and credit unions offer bank sign-up bonuses to entice new customers into joining or signing up for accounts. A bank sign-up bonus may be offered for consumer or business accounts. Bonuses can range from $100 to $3,000, according to Investopedia research. Banks and credit...