Category: personal finance

Another Misleading Headline

I don’t know how you folks get by without being scared out of your wits by misleading Social Security stories you read in newspapers or see online. Because I know the subject so well and because I can decipher the confusing and sometimes scary Social Security-related muck that’s out there, it doesn’t bother me. But…


The Savings Game: Roth Advantages Reviewed

By Elliot Raphaelson Based on reader inquiries, many readers do not understand when funds are available after a Roth conversion. When you make a Roth IRA contribution, it is understood, by most, that after you pay the income tax in the year of the contribution, there is no tax or penalty associated with the withdrawal…


Mortgage Demand Slumps to a 22-Year Low as Economic Downturn Sidelines Homebuyers, Says MBA

Total mortgage application volume fell 2.3 percent from the previous week, with demand standing at its lowest level in 22 years, after a similar low last month, according to the Mortgage Bankers Association’s seasonally adjusted index for the week ended Aug. 12. “Mortgage application activity was lower last week, with overall applications declining over 2 percent, to their…


11 Important Things to Do Before You Retire

We all enter the professional world at a young age and continue working till the age of retirement. Yet, during all these years, we dedicate our lives to work and rarely devote time to everything we would love to do. Then, retirement comes, and we finally feel like we have the time to do all the things…


Back-to-School Shopping on a Budget

Back-to-school season: Whether you and your family have been looking forward to it or dreading it for weeks, it’s officially here. And let’s just say back-to-school shopping will be expensive this year. Not only do you have a lot to buy, but there’s also that whole inflation thing happening. But even though your list may be a few…


US Home-Purchase Cancellations in July Soar as Buyers Pull Back

New data on home-purchase agreements in the United States for July showed an increasing numbers of buyers canceling housing deals, as higher interest rates tanked the market, according to Redfin. Many buyers are continuing to pull away from the housing market amid rising borrowing costs since rates went up in the first quarter of 2022….


How Major US Stock Indexes Fared Tuesday Aug. 16, 2022

Stocks ended mostly higher on Wall Street Tuesday after another bumpy day as investors cautiously reviewed mostly encouraging financial results from major retailers. The S&P 500 index wound up with a modest gain of 0.2 percent, while the tech-heavy Nasdaq fell. The Dow Jones Industrial Average rose, mostly due to gains in Walmart and Home…


Closing Prices for Crude Oil, Gold and Other Commodities (Aug. 16)

Benchmark U.S. crude oil for September delivery fell $2.88 to $86.53 a barrel Tuesday. Brent crude for October delivery fell $2.76 to $92.34 a barrel. Wholesale gasoline for September delivery fell 5 cents to $2.90 a gallon. September heating oil rose 4 cents to $3.48 a gallon. September natural gas rose 60 cents to $9.33…


What Your Invoicing Habits Say About You as a Business Owner

Out of all your responsibilities as a business owner, there’s nothing more important than invoicing. Without invoicing, you won’t be able to get cash to flow into your business. Without that cash, you won’t be able to grow your business—let alone keep the doors open for very long. Invoicing, however, is more than just getting paid for…


Biden Admin Approves Another $3.9 Billion Federal Student Loan Debt Discharge

The U.S. Department of Education on Tuesday approved a group discharge of $3.9 billion in federal student loan debt for over 200,000 borrowers who claimed to be defrauded by a for-profit college chain. Any student who had taken a federal loan to attend the ITT Technical Institutes will automatically have their debt wiped out, regardless…