Author: News Room

Owner Financing: What It Is and How It Works

PC Photography/Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways With owner financing, the homeowner or seller extends a loan to the homebuyer, rather than a bank or mortgage lender providing the loan. The contract can be structured in a number of ways, including as a second mortgage, a rent-to-own deal…

Sales Tax vs. Use Tax: Definitions and Examples

Most people are used to seeing sales tax on a receipt, but not every purchase includes it. When it doesn’t, you may still owe tax on that purchase through what’s called a use tax. This comes up most often with online shopping, out-of-state purchases and private sales. Understanding the difference…

How to Get Senior Discounts on Cruises

Millions of people set sail on cruises every year looking for a stress-free way to see the world. After all, your food, lodging and entertainment are generally bundled into one neat package. All you have to do is book and board. For those cruising into retirement age, time at sea…

Federal Tax vs. State Tax: Definitions and Examples

Most people see taxes come out of their paycheck without thinking much about where the money goes. Federal taxes follow one set of rules no matter where you live, but state taxes vary widely depending on your location. Some states have no income tax at all while others take a…

The more Americans learn about data centers, the less they like them

There are over 1,200 data centers scattered across the United States, and thanks to the AI boom, many more are on the way. Loading audio narration… Those data centers also, it seems, confirm the adage “familiarity breeds contempt.”A new survey from the Pew Research Council, conducted in January and published…

7 Potential Income Sources Seniors Always Forget About

You followed the rules. You worked hard, contributed to your retirement accounts, and finally you’re approaching, or already crossed, the finish line. But thanks to unpredictable inflation and a volatile stock market, your carefully planned retirement budget might be feeling the squeeze. The fear of outliving your money is the…