Mortgage and Refinancing Rates Today: June 21, 2022

Mortgage rates fell a bit at the end of last week, but they are still higher than they have been in recent weeks. News of higher inflation and larger than expected Federal Reserve High rates have created some volatility In the markets in the past two weeks, leading to higher mortgage rates. Rates are rising … Read more

2 Risks of investing only in index funds | Smart Change: Personal Finance

(Morri Bachmann) Some people consider themselves practical investors. They like to spend time researching stocks, comparing companies in the same industry, and reviewing financial statements to determine which companies should have a place in their portfolios. Then there are those investors who prefer to take the easy way by investing their money index funds. These … Read more

3 Simple Ways To Earn Over $25,000 In Passive Income | personal financing

(Selina Marangian) Passive Income – Who wouldn’t want it? While you have to work for your paycheck and may also work a side job to get extra money, passive income quietly flows into you without much effort on your part. It’s possible, depending on your circumstances, that you get to the point where you earn … Read more

Crypto billionaire fallout: Contestants attack Jonathan Jackson for failing to disclose personal finance

Democratic House candidate Jonathan Jackson has been criticized by two of his main contenders, Ald. Pat Doyle and Senator Jacqueline Collins, on Monday, for failing to file his required personal financial returns, decried the $500,065 crypto billionaire PAC is spending to get him elected. The Sun Times revealed Sunday how The Political Action Committee “Protecting … Read more

How to buy dip: 3 tips for smart investors | personal financing

(Katie Brockman) The stock market has seen a downturn recently, with Standard & Poor’s 500 Officially entering a bear market after falling more than 20% from its peak. While recessions and bear markets can be intimidating even for the best investors, they are also one of the best buying opportunities. Stock prices are now much … Read more

What do LGBT families need differently with their possessions

LGBTQ+ couples deal with three financial planning problems that straight couples don’t have to think about. Gay financial planner Ryan Klippel says LGBTQ+ couples need to establish healthcare directives ASAP. He also recommends looking into estate planning and second parent adoption if you have children. loading Something is loading. Heterosexual and transgender couples and parents … Read more

How many years of reaching the 401(k) cap does it take to become a millionaire? | Smart Change: Personal Finance

(Chuck Salita) A 401(k) can be an incredibly powerful tool when it comes to building a comfortable nest egg for your retirement. Once registered, the money is automatically invested, directly from your salary. While you’re in the account, the money accumulates in a distinct tax way for your retirement. Additionally, the contribution limits are large … Read more

Personal Finance: Should You Rescue Equity?

In my long career advising clients on all financial matters, the four most precious words I’ve heard have been: “This time is different.” The reason this phrase is translated as “expensive” is that during economic downturns, many investors choose to sell in the jaws of the beast and miss the inevitable recovery. Every crisis sounds … Read more

Black personal finance influencers focus on financial freedom

Troy Millings, left, and Rashad Bilal from Take Your Free Time Source: Spend your free time Social influencers focusing on financial education for the black community focus on the message of financial freedom on Juneteenth as the nation celebrates the end of slavery in the United States. “I definitely feel that commemorating Juneteenth should be … Read more

How many years of reaching the 401(k) cap does it take to become a millionaire? | Smart Change: Personal Finance

(Chuck Salita) A 401(k) can be an incredibly powerful tool when it comes to building a comfortable nest egg for your retirement. Once registered, the money is automatically invested, directly from your salary. While you’re in the account, the money accumulates in a distinct tax way for your retirement. Additionally, the contribution limits are large … Read more