Despite skyrocketing mortgage rates, the average home price continues to rise in double digits year over year. To help potential buyers caught between this crisis of high home prices and mortgage rates, two federal entities – the Federal Housing Finance Agency (FHFA) and the Federal Housing Administration (FHA) – will increase conforming loan limits and …
As the end of the year approaches, it may be time to reassess your finances. This year has been marked by record inflation and multiple interest rate hikes. As the Fed attempts to rein in inflation by raising interest rates, there is a strong possibility that the economy will teeter into recession in the coming …
Money transactions to be made before the end of the year Read More »
Investing money for retirement can be daunting, especially since it’s common for future retirees to wonder if they’ll have enough money to see them through their golden years. There are a few rules of thumb to help you determine where you are at with retirement savings. An analysis found that you would need to have …
Are you on the right track for retirement? How a financial plan can help you Read More »
Investing money for retirement can be daunting, especially since it’s common for future retirees to wonder if they’ll have enough money to see them through their golden years. There are a few rules of thumb to help you determine where you are at with retirement savings. An analysis found that you would need to have …
Are you on the right track for retirement? How a financial plan can help you Read More »
If you’ve been watching your retirement portfolio for the past few months, you’ve probably noticed that the value of your nest egg has dropped dramatically. From the start of 2022 to November 2, the value of the S&P 500 fell more than 21%, the Dow Jones fell more than 12%, and the Nasdaq nearly 33%. …
Retiring in a recession? What do you want to know Read More »
Managing your investments can be a daunting task, especially when the market seems extremely volatile or you’re approaching a major milestone like retirement and you’re afraid of making a mistake. Fortunately, however, you have different options to guide you through your investment journey. Financial advisors have always been a key asset to wealth management, but …
Robo-advisor VS. Financial advisor: which one to choose? Read More »
Managing your investments can be a daunting task, especially when the market seems extremely volatile or you’re approaching a major milestone like retirement and you’re afraid of making a mistake. Fortunately, however, you have different options to guide you through your investment journey. Financial advisors have always been a key asset to wealth management, but …
Robo-advisor VS. Financial advisor: which one to choose? Read More »
Here’s a realistic personal finance conundrum: You have stubborn debt that you can’t seem to get rid of, but, separately, funds are sitting and (ideally) growing in your investment accounts. What if you used that investment money to finally dramatically reduce your debt once and for all? What may seem like a quick fix, however, …
If the last two years have taught us anything about money management, it’s that having a savings set aside is crucial. Despite the importance of having savings, however, research shows that 45% of Americans have less than $1,000 saved — and in an emergency, $1,000 may very well not be enough. To make sure you …
The Federal Reserve on Wednesday raised its benchmark interest rate by 0.75 percentage points – the biggest increase since 1994 – in an attempt to reduce today’s record inflation. While the Fed is expected to keep raising rates for the rest of 2022, the bigger conundrum remains: keep raising rates, which could cause an economic …
Advantages, disadvantages and how to benefit from them Read More »
