To Cope with Record Inflation, Americans Have Opened Up a Record Number of Credit Cards As Americans grapple with the highest inflation in 40 years, the number of new credit cards have surged as more Americans rely on them to keep up with high prices. According to a recent report from the Federal Reserve, revolving… More
House real estate graph getty Facing record-high year-over-year rates of inflation, the Fed has been trying to combat it with a series of rate hikes that many Americans haven’t seen in decades. Rising mortgage rates have certainly had an impact on housing markets in the United States, with the number of home sales nationally declining… More
401(k) plan getty Bear markets can be emotionally fraught times, as investment balances fall, and the economy slows. Potential concerns over layoffs and budget cutbacks often also rear their head. It can certainly be tempting to cut your contributions to retirement funds to attempt to avoid further losses, or warehouse cash positions to invest when… More
. In this article we look at the strategy used by Joel Greenblatt, influential investor and managing principal and co-chief investment officer of Gotham Asset Management. There are many approaches to the selection and analysis of common stocks floating around the investment community, from simple value techniques to complex strategies combining a wide array of… More
27 June 2022, Bavaria, Elmau: U.S. President Joe Biden walks back to the meeting room after a break. … [+] Photo: Peter Kneffel/dpa (Photo by Peter Kneffel/picture alliance via Getty Images) dpa/picture alliance via Getty Images In recent months, the Biden administration has approved billions of dollars in student loan forgiveness for hundreds of thousands… More
According to the latest Redfin data, Waco, Texas, has experienced the biggest rise in home prices … [+] over the last year, from a median sale price of $155,000 in May 2021 to a median sale price of $247,000 in May 2022. getty Rising mortgage rates due to the rate hikes implemented by the Federal… More
Three cities in the Chicago metro area — Joliet, Aurora, and Naperville — have experienced some of … [+] the largest increases in their for-sale inventory year over year, from May 2021 to May 2022. getty Thanks in part largely to the increase in mortgage rates due to the rate hikes announced by the Federal… More
Topline Home prices, which have been shooting up since last year, grew at a slower pace in April, showing signs of a potential cool down in the red-hot housing market, according to new data from S&P Case-Shiller on Tuesday. Home prices are up significantly from last year, but could cool by later in 2022 thanks… More
WASHINGTON, DC – JANUARY 27: U.S. Education Secretary Miguel Cardona delivers remarks at the … [+] department’s Lyndon Baines Johnson Building on January 27, 2022 in Washington, DC. (Photo by Chip Somodevilla/Getty Images) Getty Images Hundreds of thousands of borrowers may qualify for federal student loan cancellation under a program designed to address school misconduct.… More
Digitally enhanced shot of an unrecognizable businessman working in the office superimposed over a … [+] graph showing the ups and downs of the stock market getty When coaching clients about their finances, one thing we try not to miss is making the most of their employee benefits. Underutilizing your benefits could mean you are… More
Stacking a Cash Balance Pension Plan on top of a Profit Sharing 401(k) can provide the largest tax … [+] savings for high income business owners. getty For small business owners, who don’t want to have to work forever and want to save on taxes, maxing out retirement accounts can be a win-win. Combining a… More
US President Joe Biden speaks at the White House in Washington, DC, on June 23, 2022. (Photo by Jim … [+] WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images The Biden administration announced on Friday that it has approved over $8 billion in student loan forgiveness for 145,000 borrowers,… More
Topline New home sales unexpectedly broke a four-month streak of losses and climbed more than economists projected in May, according to data released Friday, but experts note the reprieve may not last long, citing rising mortgage interest rates that are likely to continue curbing demand—likely pulling down record prices as soon as the end of… More
NEW YORK, NY – FEBRUARY 25: Traders work through the closing minutes of trading Tuesday on the New … [+] York Stock Exchange floor on February 25, 2020 in New York City. Fueled by deepening concerns of the Coronavirus becoming a global pandemic, the stock market plunged Tuesday, with the Dow Jones Industrial Average losing… More
If you’re currently enrolled in college, planning to start college this fall, or you are approaching college age, you’re right to worry about the future of student loans. After all, college costs keep going up every year, and all the proposed “fixes” seem to deal with having debt forgiven instead of dealing with the source… More
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