Kyle Burbank, Author at Fioney - Page 59 of 153

Kyle Burbank

Head Writer ~ Fioney
Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.
tax returns
Personal Finance News

IRS Raises 401(k) Contribution Limit for 2025 Tax Year

by Kyle Burbank
The Internal Revenue Service is revising its contribution limits for 401(k) and similar plans in 2025 — although the limits for IRAs will remain in place. About the limit changes: Recently, the IRS announced that it was changing the employee annual contribution limit for 401(ks), 403(bs), governmental 457 plans, and the federal government’s Thrift Savings Plan. For the 2025 tax year, the total employee contribution limit will be $23,500 for...
graph of US homebuyer sentiment
Personal Finance News

Homebuyer Sentiment Continued Upward Swing in October

by Kyle Burbank
Despite home prices remaining high, consumer sentiment on the housing market continued to climb last month. About the index increase: The latest update to Fannie Mae's Home Purchase Sentiment Index (HPSI) saw another increase. Specifically, the index rose 0.7 points in October 2024, hitting 74.6. This marks the highest point for the index since February 2022 and is up more than seven points since the end of last year. Moreover,...
Fed Chairman Jerome Powell
Economic News

Federal Reserve Lowers Interest Rates by Another Quarter Point

by Kyle Burbank
In a move that was widely expected, the Federal Reserve voted to lower interest rates again. About the cut: This afternoon, Federal Reserve chairman Jerome Powell announced that the agency had voted to lower interest rates by a quarter-point (or 25 basis points). The move is the second reduction this year, although the September cut was larger, coming in at half a point. Beyond these two cuts, the Fed is...
Dave cash advance banner
FinTech News

FTC Files Complaint Against FinTech App Dave

by Kyle Burbank
The Federal Trade Commission has announced plans to "take action" against the FinTech cash advance app Dave, accusing the service of deceptive marketing. About the complaint: Today, the FTC filed a complaint against the app Dave in U.S. District Court for the Central District of California. In this complaint, the agency accused the service of using misleading marketing and charging undisclosed fees to customers. First, while Dave advertises instant loans...
a woman holding a cell phone in front of a laptop
Personal Finance

The Synapse/Evolve Debacle Has Gotten Better and Worse

by Kyle Burbank
After several stressful weeks, end users with neobanking accounts that utilized Synapse and had funds held at Evolve Bank & Trust got a few answers in recent days. Unfortunately, not all of those answers were satisfying, leading to even more questions. Let me back up just in case you missed my previous article explaining the situation. Earlier this year, the "banking-as-a-service” company Synapse filed for bankruptcy. Sometime later, one of...
illustration of car and interest rates
Personal Finance News

Study Highlights States Seeing Largest Auto Loan Rate Increases

by Kyle Burbank
A recent study found that auto loan rates in certain states have increased by more than 2% in the last quarter. About the results: New data from the personal finance site WalletHub found that auto loan rates increased in all but four states between the second and third quarter of this year. As the site notes, auto loan debt in the United States totals more than $1.6 trillion. That amounts...
island beach
Personal Finance News

Bask Bank Adjusts Miles-Earning Savings Account Rate Downward

by Kyle Burbank
A bank that allows you to earn airline miles instead of interest is now lowering its rate. About the changes: Recently, Bask Bank made an update to its Mileage Savings Account. Previously, customers could earn 2.5 miles for $1 saved annually. This means that someone who held $10,000 in their account would earn a total of 25,000 American Airlines AAdvantage miles over the course of that year (with miles being...
smiling man - CLEAR Ambassador Assist
Personal Finance News

CLEAR Plus Pilots Paid Curb-to-Gate Assistance Service Option

by Kyle Burbank
CLEAR is introducing two VIP service options exclusively for CLEAR Plus members. About CLEAR Ambassador Assist: The biometric identity verification service CLEAR is now offering new services that will allow travelers to gain VIP assistance. Dubbed CLEAR Ambassador Assist, this platform allows customers to book Curb-to-CLEAR or Curb-to-Gate services. With each of these options, a dedicated ambassador will greet passengers upon arrival, help them with their bags, and guide them...
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Checking Account Review

2025 SoFi Checking and Savings Review

by Kyle Burbank
 Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. That was later sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind is SoFi’s acquisition of Golden Pacific...
Travelers with two Best Western Credit Cards
Credit Card News

Best Western Debuts Two New Rewards Credit Cards

by Kyle Burbank
After pausing applications for their previous rewards card, the hotel chain Best Western has unveiled a new pair of rewards credit cards with a new issuer. About the Best Western cards: Best Western is partnering with First Bank & Trust and Mercury Financial to introduce two new co-branded credit cards. First up is the no-annual-fee Best Western Rewards Visa Signature Card. With this card, customers can 4x points on Best...
Marriott Bonvoy card and a woman on vacation
Credit Card News

Marriott Bonvoy Bold Card Launches Travel Contest

by Kyle Burbank
Chase and Marriott Bonoy have unveiled a special contest while continuing to offer its best-ever welcome bonus. About the welcome bonus and Bold Chat Court Contest: Marriott Bonvoy and Chase have launched a special opportunity called the Bold Chat Court contest. As part of this contest, 10 lucky travelers will be awarded 500,000 Marriott Bonvoy points (for a total of 5 million) as well as $5,000. For this contest, the...
Bilt and All Reward logos
Credit Card News

Bilt Adds 2 New Transfer Partners Including First 3:2 Transfer Rate

by Kyle Burbank
Bilt is once again expanding its travel transfer rewards program — and is even breaking the mold with one new partner. About the new additions to Bilt: This week, Bilt launched partnerships with two more travel brands: TAP Air Portugal and Accor. As a result, Bilt members will now be able to transfer their points to Miles&Go and ALL Reward, respectively. In total, Bilt now has 18 transfer partners including 13...
PayPal Debit Card app
Checking Account Review

PayPal Debit Card Review: Earn Stackable 5% Cash Back

by Kyle Burbank
In recent weeks, PayPal debuted an updated debit card product (perhaps you've seen the incessant Will Ferrell commercials for it during football games?). With the launch of this card, the company known for online payments is encouraging customers to pay with them anywhere. To encourage such behavior, the debit card allows cardholders to earn 5% cashback — although, as you can imagine, there are some important restrictions on that. So,...