Many people dream of owning a home, but financial planner Nicole Morong thinks home ownership is overrated. Home ownership can come with hidden costs. The money you save while renting may be better in the stock market. Morong encourages people to question their true motives behind buying a home. loading Something is uploading. For many, … Read more
There is no minimum income you need to buy a home, but your debt-to-income ratio can limit the amount of mortgage that will be approved. Low-income borrowers should look for mortgages that allow for a low or no down payment. Your state’s housing finance agency may have programs specifically geared toward low-income homebuyers. loading Something … Read more
Sarah Rathner Search race Psychological health Therapy can feel like a marathon when you don’t have the energy or ability to reach the starting line. You may encounter limited and affordable options and a shortage of available therapists. “Before the pandemic, we had an insufficient workforce to meet the mental health demands of the country,” … Read more
There is a lot to like about dividend-paying stocks. As long as the core companies are healthy and growing, they will likely continue to pay their dividends to shareholders – regardless of whether the economy is booming or sluggish, regardless of whether the stock itself is rising or falling. Even better, these dividends tend to … Read more
(Taylor Carmichael) Here’s an idea: Browse your portfolio and find where all your stocks are. If technology is as heavy as mine, one state will pop up over and over again: California. In my own business that includes names like appleAnd the trade officeAnd the intuitive surgicalAnd the AirbnbAnd the RoccoAnd the proximityAnd the Unit … Read more
There are some cliched financial tips I’ve heard over and over that financial planners say they ignore. Examples include ‘Rent is a waste of money’ and ‘Credit card balance is good for your credit score’. Also, the advice to increase your 401(k) cap and buy cryptocurrency is not for everyone. loading Something is uploading. Four … Read more
Fixed prices slowly retreated after their recent rally. But the average 30-year fixed-rate mortgage rate remains above 5%, causing the pandemic-induced home buying growth to slow dramatically. In mid-June, it was Federal Reserve Raise the federal funds rate by 75 basis points, or 0.75 percentage points. Mortgage rates are not directly affected by the federal … Read more
(Robin Hartell, CFP®) You probably know it pays to wait if you want to score the largest possible Social Security check. You can get your first check as early as age 62, although you won’t be eligible for your full benefits until your full retirement age (FRA), which is 67 if you were born in … Read more
(Sam Swenson, CFA, CPA) investing in the retirement It is much more behavioral than mechanical. yosuddenlyHumans tend to respond to large, emotionally impactful events. This is the crux of the modernity bias: we have a behavioral tendency to place more importance on the events of the recent past, especially when it comes to investing. Below, … Read more
Sarah Rathner Search race Psychological health Therapy can feel like a marathon when you don’t have the energy or ability to reach the starting line. You may encounter limited and affordable options and a shortage of available therapists. “Before the pandemic, we had an insufficient workforce to meet the mental health demands of the country,” … Read more
