A cash-balance plan is a defined benefit plan that is a whole lot like a traditional pension, but with a few elements that closely resemble a 401(k). Here's what's the same: You don't invest any ...

Closing a credit card with a balance can also hurt your credit score — even though you’re not adding more debt. Read on to learn everything that can happen when you close a credit card while ...

If you close a credit card with a balance, you’ll still be responsible for that debt. Card issuers will continue to send statements in the mail, and interest will still be applied to that balance.